Can I retire at age 42 with 590,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$48,722$48,288$47,864$47,451$47,047$46,230
2 years$24,120$23,670$23,235$22,813$22,404$21,583
3 years$15,920$15,469$15,035$14,616$14,214$13,415
4 years$11,821$11,371$10,941$10,530$10,137$9,367
5 years$9,362$8,915$8,491$8,088$7,706$6,966
6 years$7,724$7,280$6,862$6,468$6,098$5,389
7 years$6,554$6,114$5,702$5,318$4,959$4,282
8 years$5,677$5,241$4,836$4,461$4,114$3,468
9 years$4,995$4,563$4,165$3,800$3,465$2,850
10 years$4,450$4,022$3,631$3,276$2,952$2,368
11 years$4,004$3,580$3,197$2,851$2,539$1,984
12 years$3,633$3,214$2,837$2,500$2,200$1,675
13 years$3,319$2,904$2,535$2,208$1,919$1,421
14 years$3,050$2,640$2,278$1,960$1,682$1,212
15 years$2,817$2,412$2,056$1,748$1,481$1,037
16 years$2,614$2,213$1,864$1,565$1,309$891
17 years$2,435$2,038$1,697$1,406$1,160$767
18 years$2,275$1,883$1,549$1,267$1,032$662
19 years$2,133$1,745$1,418$1,145$920$573
20 years$2,005$1,622$1,301$1,037$821$496
21 years$1,890$1,510$1,197$941$735$430
22 years$1,785$1,410$1,103$856$659$374
23 years$1,689$1,319$1,018$779$591$325
24 years$1,602$1,236$942$711$532$283
25 years$1,521$1,159$872$649$478$246
26 years$1,447$1,090$809$593$431$215
27 years$1,378$1,026$751$543$389$187
28 years$1,315$966$698$498$351$163
29 years$1,256$912$650$456$317$143
30 years$1,201$861$605$419$286$125
31 years$1,150$814$564$385$259$109
32 years$1,102$770$527$354$234$95
33 years$1,057$729$492$325$212$83
34 years$1,014$691$459$299$192$73
35 years$975$656$430$275$174$64
36 years$937$622$402$254$157$56
37 years$902$591$376$234$143$49
38 years$868$562$352$215$129$43
39 years$837$534$330$199$117$37
40 years$807$508$309$183$106$33
41 years$778$484$290$169$96$28
42 years$751$461$272$156$88$25
43 years$725$439$255$144$79$22
44 years$701$418$240$133$72$19
45 years$678$399$225$123$65$17
46 years$655$381$211$113$59$15
47 years$634$363$199$105$54$13
48 years$614$347$187$97$49$11
49 years$595$331$175$89$45$10
50 years$576$316$165$83$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $590,000, adding $2,240 every year, while hoping to spend $20,358 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: 73/17/10 Blend
41$590,000$590,000$590,000$590,000
42$652,491$621,221$612,076$698,744
43$697,384$630,000$610,919$738,370
44$746,174$638,527$609,042$779,005
45$799,237$646,767$606,398$822,949
46$856,986$654,686$602,940$870,523
47$919,877$662,244$598,616$922,082
48$988,410$669,400$593,376$978,015
49$1,063,137$676,110$587,163$1,038,753
50$1,144,665$682,326$579,920$1,104,769
51$1,233,660$688,000$571,587$1,176,586
52$1,330,858$693,077$562,100$1,254,778
53$1,437,069$697,501$551,394$1,339,980
54$1,553,182$701,211$539,398$1,432,891
55$1,680,180$704,143$526,041$1,534,281
56$1,819,141$706,229$511,246$1,644,998
57$1,971,255$707,396$494,935$1,765,978
58$2,137,832$707,567$477,023$1,898,252
59$2,320,313$706,660$457,426$2,042,957
60$2,520,286$704,587$436,051$2,201,345
61$2,739,500$701,257$412,804$2,374,798
62$2,979,882$696,572$387,586$2,564,836
63$3,243,553$690,427$360,293$2,773,138
64$3,532,850$682,712$330,817$3,001,553
65$3,850,346$673,310$299,044$3,252,118
66$4,198,877$662,098$264,858$3,527,081
67$4,581,565$648,944$228,134$3,828,917
68$5,001,852$633,709$188,743$4,160,357
69$5,463,526$616,246$146,551$4,524,408
70$5,970,762$596,399$101,418$4,924,388
71$6,528,161$574,003$53,196$5,363,951
72$7,140,788$548,884$1,733$5,847,127
73$7,814,226$520,857$0$6,378,356
74$8,554,624$489,726$0$6,968,211
75$9,368,759$455,286$0$7,616,977
76$10,264,094$417,317$0$8,330,436
77$11,248,855$375,589$0$9,115,163
78$12,332,103$329,857$0$9,978,404
79$13,523,822$279,865$0$10,928,144
80$14,835,013$225,339$0$11,973,185
81$16,277,795$165,991$0$13,123,225
82$17,865,524$101,519$0$14,388,954
83$19,612,914$31,600$0$15,782,151
84$21,536,179$0$0$17,315,800
85$23,653,184$0$0$19,012,458
86$25,983,613$0$0$20,886,704
87$28,549,156$0$0$22,950,075
88$31,373,714$0$0$25,221,797
89$34,483,622$0$0$27,723,055
90$37,907,899$0$0$30,477,193
91$41,678,521$0$0$33,509,934
92$45,830,723$0$0$36,849,624
93$50,403,331$0$0$40,527,494
94$55,439,128$0$0$44,577,963
95$60,985,259$0$0$49,038,953
96$67,093,671$0$0$53,952,258
97$73,821,611$0$0$59,363,926
98$81,232,159$0$0$65,324,703
99$89,394,826$0$0$71,890,508
100$98,386,211$0$0$79,122,960