Can I retire at age 42 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$49,547$49,106$48,676$48,255$47,845$47,523
2 years$24,528$24,072$23,629$23,200$22,783$22,459
3 years$16,190$15,731$15,289$14,864$14,455$14,138
4 years$12,021$11,564$11,127$10,709$10,309$10,002
5 years$9,521$9,066$8,635$8,225$7,837$7,540
6 years$7,855$7,403$6,978$6,578$6,201$5,916
7 years$6,665$6,217$5,799$5,408$5,043$4,769
8 years$5,773$5,329$4,918$4,537$4,184$3,921
9 years$5,079$4,640$4,236$3,864$3,523$3,271
10 years$4,525$4,090$3,693$3,331$3,002$2,761
11 years$4,072$3,641$3,251$2,899$2,582$2,352
12 years$3,694$3,268$2,885$2,543$2,237$2,018
13 years$3,375$2,953$2,578$2,245$1,951$1,742
14 years$3,102$2,685$2,316$1,993$1,710$1,511
15 years$2,865$2,452$2,091$1,777$1,506$1,316
16 years$2,658$2,250$1,896$1,591$1,331$1,151
17 years$2,476$2,072$1,725$1,430$1,180$1,009
18 years$2,314$1,915$1,575$1,289$1,049$888
19 years$2,169$1,775$1,442$1,164$935$782
20 years$2,039$1,649$1,323$1,054$835$691
21 years$1,922$1,536$1,217$957$748$611
22 years$1,815$1,434$1,122$870$670$541
23 years$1,718$1,341$1,036$792$601$480
24 years$1,629$1,256$958$723$541$426
25 years$1,547$1,179$887$660$486$379
26 years$1,472$1,108$823$604$438$337
27 years$1,402$1,043$764$552$395$300
28 years$1,337$983$710$506$356$268
29 years$1,277$927$661$464$322$239
30 years$1,221$876$616$426$291$213
31 years$1,169$828$574$391$263$190
32 years$1,120$783$536$360$238$170
33 years$1,075$742$500$331$215$151
34 years$1,032$703$467$304$195$135
35 years$991$667$437$280$177$121
36 years$953$633$409$258$160$108
37 years$917$601$382$238$145$97
38 years$883$571$358$219$131$86
39 years$851$543$336$202$119$77
40 years$820$517$315$186$108$69
41 years$791$492$295$172$98$62
42 years$764$468$277$159$89$55
43 years$738$446$260$146$81$50
44 years$713$425$244$135$73$44
45 years$689$406$229$125$67$40
46 years$667$387$215$115$60$36
47 years$645$369$202$107$55$32
48 years$624$353$190$98$50$29
49 years$605$337$178$91$45$26
50 years$586$322$168$84$41$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $600,000, adding $3,090 every year, while hoping to spend $46,022 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: 71/16/13 Blend
41$600,000$600,000$600,000$600,000
42$664,387$632,587$623,287$709,475
43$683,188$614,617$595,200$721,809
44$702,363$594,224$564,630$729,412
45$721,904$571,240$531,445$736,520
46$741,796$545,489$495,506$743,072
47$762,025$516,784$456,671$749,007
48$782,571$484,925$414,789$754,256
49$803,411$449,705$369,702$758,745
50$824,519$410,900$321,247$762,395
51$845,864$368,278$269,253$765,118
52$867,409$321,590$213,540$766,821
53$889,112$270,576$153,921$767,402
54$910,926$214,959$90,202$766,752
55$932,795$154,446$22,178$764,751
56$954,657$88,731$0$761,270
57$976,440$17,487$0$763,162
58$998,065$0$0$767,019
59$1,019,438$0$0$780,129
60$1,040,459$0$0$796,025
61$1,061,010$0$0$811,536
62$1,080,962$0$0$826,560
63$1,100,168$0$0$840,982
64$1,118,465$0$0$854,674
65$1,135,670$0$0$867,492
66$1,151,578$0$0$879,275
67$1,165,962$0$0$889,844
68$1,178,565$0$0$898,999
69$1,189,104$0$0$906,516
70$1,197,264$0$0$912,149
71$1,202,693$0$0$915,621
72$1,204,999$0$0$916,626
73$1,203,749$0$0$914,823
74$1,198,461$0$0$909,834
75$1,188,599$0$0$901,240
76$1,173,570$0$0$888,576
77$1,152,715$0$0$871,325
78$1,125,306$0$0$848,916
79$1,090,534$0$0$820,715
80$1,047,504$0$0$786,023
81$995,225$0$0$744,062
82$932,602$0$0$693,974
83$858,421$0$0$634,808
84$771,341$0$0$565,514
85$669,877$0$0$484,930
86$552,389$0$0$391,771
87$417,065$0$0$284,617
88$261,900$0$0$161,899
89$84,680$0$0$21,883
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0