Can I retire at age 42 with 590,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$48,722$48,288$47,864$47,451$47,047$46,595
2 years$24,120$23,670$23,235$22,813$22,404$21,948
3 years$15,920$15,469$15,035$14,616$14,214$13,769
4 years$11,821$11,371$10,941$10,530$10,137$9,707
5 years$9,362$8,915$8,491$8,088$7,706$7,291
6 years$7,724$7,280$6,862$6,468$6,098$5,698
7 years$6,554$6,114$5,702$5,318$4,959$4,576
8 years$5,677$5,241$4,836$4,461$4,114$3,747
9 years$4,995$4,563$4,165$3,800$3,465$3,114
10 years$4,450$4,022$3,631$3,276$2,952$2,617
11 years$4,004$3,580$3,197$2,851$2,539$2,219
12 years$3,633$3,214$2,837$2,500$2,200$1,896
13 years$3,319$2,904$2,535$2,208$1,919$1,629
14 years$3,050$2,640$2,278$1,960$1,682$1,407
15 years$2,817$2,412$2,056$1,748$1,481$1,220
16 years$2,614$2,213$1,864$1,565$1,309$1,062
17 years$2,435$2,038$1,697$1,406$1,160$927
18 years$2,275$1,883$1,549$1,267$1,032$811
19 years$2,133$1,745$1,418$1,145$920$711
20 years$2,005$1,622$1,301$1,037$821$625
21 years$1,890$1,510$1,197$941$735$550
22 years$1,785$1,410$1,103$856$659$484
23 years$1,689$1,319$1,018$779$591$427
24 years$1,602$1,236$942$711$532$377
25 years$1,521$1,159$872$649$478$334
26 years$1,447$1,090$809$593$431$295
27 years$1,378$1,026$751$543$389$261
28 years$1,315$966$698$498$351$232
29 years$1,256$912$650$456$317$205
30 years$1,201$861$605$419$286$182
31 years$1,150$814$564$385$259$162
32 years$1,102$770$527$354$234$143
33 years$1,057$729$492$325$212$127
34 years$1,014$691$459$299$192$113
35 years$975$656$430$275$174$101
36 years$937$622$402$254$157$89
37 years$902$591$376$234$143$79
38 years$868$562$352$215$129$71
39 years$837$534$330$199$117$63
40 years$807$508$309$183$106$56
41 years$778$484$290$169$96$50
42 years$751$461$272$156$88$44
43 years$725$439$255$144$79$39
44 years$701$418$240$133$72$35
45 years$678$399$225$123$65$31
46 years$655$381$211$113$59$28
47 years$634$363$199$105$54$25
48 years$614$347$187$97$49$22
49 years$595$331$175$89$45$20
50 years$576$316$165$83$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $590,000, adding $4,703 every year, while hoping to spend $39,656 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/27/27 Blend
41$590,000$590,000$590,000$590,000
42$655,031$623,761$614,616$679,886
43$679,651$612,132$593,012$686,299
44$705,452$598,603$569,355$689,038
45$732,515$583,041$543,535$691,238
46$760,923$565,302$515,435$692,872
47$790,771$545,236$484,936$693,909
48$822,158$522,681$451,910$694,320
49$855,195$497,469$416,226$694,076
50$890,001$469,421$377,745$693,149
51$926,705$438,347$336,324$691,510
52$965,450$404,047$291,812$689,132
53$1,006,390$366,309$244,051$685,992
54$1,049,693$324,910$192,879$682,063
55$1,095,544$279,613$138,122$677,326
56$1,144,144$230,167$79,603$671,762
57$1,195,711$176,310$17,135$665,354
58$1,250,486$117,762$0$658,093
59$1,308,732$54,229$0$664,239
60$1,370,737$0$0$675,717
61$1,436,813$0$0$691,990
62$1,507,307$0$0$726,580
63$1,582,595$0$0$763,564
64$1,663,092$0$0$803,150
65$1,749,249$0$0$845,568
66$1,841,566$0$0$891,069
67$1,940,586$0$0$939,926
68$2,046,908$0$0$992,444
69$2,161,189$0$0$1,048,952
70$2,284,150$0$0$1,109,816
71$2,416,583$0$0$1,175,434
72$2,559,356$0$0$1,246,247
73$2,713,425$0$0$1,322,737
74$2,879,839$0$0$1,405,434
75$3,059,751$0$0$1,494,921
76$3,254,428$0$0$1,591,838
77$3,465,264$0$0$1,696,892
78$3,693,789$0$0$1,810,855
79$3,941,689$0$0$1,934,580
80$4,210,816$0$0$2,069,004
81$4,503,206$0$0$2,215,158
82$4,821,102$0$0$2,374,176
83$5,166,967$0$0$2,547,305
84$5,543,515$0$0$2,735,919
85$5,953,731$0$0$2,941,528
86$6,400,899$0$0$3,165,796
87$6,888,635$0$0$3,410,552
88$7,420,918$0$0$3,677,812
89$8,002,127$0$0$3,969,792
90$8,637,084$0$0$4,288,935
91$9,331,098$0$0$4,637,929
92$10,090,011$0$0$5,019,733
93$10,920,258$0$0$5,437,607
94$11,828,924$0$0$5,895,138
95$12,823,810$0$0$6,396,278
96$13,913,507$0$0$6,945,380
97$15,107,475$0$0$7,547,235
98$16,416,134$0$0$8,207,123
99$17,850,959$0$0$8,930,856
100$19,424,589$0$0$9,724,838