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%13.5%
1 years$48,722$48,288$47,864$47,451$47,047$46,363
2 years$24,120$23,670$23,235$22,813$22,404$21,716
3 years$15,920$15,469$15,035$14,616$14,214$13,544
4 years$11,821$11,371$10,941$10,530$10,137$9,490
5 years$9,362$8,915$8,491$8,088$7,706$7,084
6 years$7,724$7,280$6,862$6,468$6,098$5,501
7 years$6,554$6,114$5,702$5,318$4,959$4,388
8 years$5,677$5,241$4,836$4,461$4,114$3,568
9 years$4,995$4,563$4,165$3,800$3,465$2,944
10 years$4,450$4,022$3,631$3,276$2,952$2,457
11 years$4,004$3,580$3,197$2,851$2,539$2,068
12 years$3,633$3,214$2,837$2,500$2,200$1,753
13 years$3,319$2,904$2,535$2,208$1,919$1,495
14 years$3,050$2,640$2,278$1,960$1,682$1,281
15 years$2,817$2,412$2,056$1,748$1,481$1,101
16 years$2,614$2,213$1,864$1,565$1,309$951
17 years$2,435$2,038$1,697$1,406$1,160$823
18 years$2,275$1,883$1,549$1,267$1,032$714
19 years$2,133$1,745$1,418$1,145$920$620
20 years$2,005$1,622$1,301$1,037$821$540
21 years$1,890$1,510$1,197$941$735$471
22 years$1,785$1,410$1,103$856$659$411
23 years$1,689$1,319$1,018$779$591$360
24 years$1,602$1,236$942$711$532$315
25 years$1,521$1,159$872$649$478$276
26 years$1,447$1,090$809$593$431$242
27 years$1,378$1,026$751$543$389$212
28 years$1,315$966$698$498$351$186
29 years$1,256$912$650$456$317$163
30 years$1,201$861$605$419$286$143
31 years$1,150$814$564$385$259$126
32 years$1,102$770$527$354$234$111
33 years$1,057$729$492$325$212$97
34 years$1,014$691$459$299$192$86
35 years$975$656$430$275$174$75
36 years$937$622$402$254$157$66
37 years$902$591$376$234$143$58
38 years$868$562$352$215$129$51
39 years$837$534$330$199$117$45
40 years$807$508$309$183$106$40
41 years$778$484$290$169$96$35
42 years$751$461$272$156$88$31
43 years$725$439$255$144$79$27
44 years$701$418$240$133$72$24
45 years$678$399$225$123$65$21
46 years$655$381$211$113$59$19
47 years$634$363$199$105$54$16
48 years$614$347$187$97$49$14
49 years$595$331$175$89$45$13
50 years$576$316$165$83$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $590,000, adding $4,674 every year, while hoping to spend $23,107 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: 62/25/13 Blend
41$590,000$590,000$590,000$590,000
42$655,001$623,731$614,586$693,284
43$697,226$629,708$610,589$725,512
44$742,983$635,204$605,684$757,619
45$792,608$640,170$599,815$792,103
46$846,471$644,555$592,926$829,194
47$904,978$648,306$584,956$869,149
48$968,576$651,363$575,843$912,250
49$1,037,757$653,666$565,519$958,806
50$1,113,061$655,148$553,917$1,009,161
51$1,195,084$655,742$540,964$1,063,695
52$1,284,481$655,371$526,585$1,122,825
53$1,381,973$653,959$510,700$1,187,012
54$1,488,353$651,422$493,227$1,256,766
55$1,604,494$647,671$474,080$1,332,649
56$1,731,358$642,612$453,167$1,415,281
57$1,870,003$636,147$430,394$1,505,346
58$2,021,594$628,169$405,664$1,603,600
59$2,187,415$618,567$378,871$1,710,876
60$2,368,877$607,222$349,909$1,828,093
61$2,567,536$594,010$318,665$1,956,267
62$2,785,105$578,797$285,020$2,096,517
63$3,023,469$561,442$248,853$2,250,078
64$3,284,707$541,797$210,033$2,418,314
65$3,571,106$519,703$168,428$2,602,728
66$3,885,186$494,995$123,897$2,804,979
67$4,229,721$467,496$76,294$3,026,898
68$4,607,768$437,019$25,465$3,270,503
69$5,022,694$403,367$0$3,538,023
70$5,478,209$366,332$0$3,835,906
71$5,978,396$325,693$0$4,166,899
72$6,527,758$281,216$0$4,530,480
73$7,131,250$232,657$0$4,929,972
74$7,794,335$179,755$0$5,369,037
75$8,523,029$122,235$0$5,851,715
76$9,323,961$59,807$0$6,382,458
77$10,204,432$0$0$6,966,175
78$11,172,489$0$0$7,610,432
79$12,236,994$0$0$8,337,019
80$13,407,713$0$0$9,136,152
81$14,695,406$0$0$10,015,182
82$16,111,927$0$0$10,982,209
83$17,670,338$0$0$12,046,155
84$19,385,028$0$0$13,216,852
85$21,271,855$0$0$14,505,132
86$23,348,289$0$0$15,922,933
87$25,633,580$0$0$17,483,404
88$28,148,940$0$0$19,201,039
89$30,917,740$0$0$21,091,803
90$33,965,732$0$0$23,173,291
91$37,321,292$0$0$25,464,890
92$41,015,688$0$0$27,987,962
93$45,083,372$0$0$30,766,045
94$49,562,308$0$0$33,825,077
95$54,494,330$0$0$37,193,639
96$59,925,532$0$0$40,903,223
97$65,906,711$0$0$44,988,534
98$72,493,835$0$0$49,487,811
99$79,748,583$0$0$54,443,194
100$87,738,916$0$0$59,901,117