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%14.9%
1 years$49,547$49,106$48,676$48,255$47,845$46,879
2 years$24,528$24,072$23,629$23,200$22,783$21,814
3 years$16,190$15,731$15,289$14,864$14,455$13,513
4 years$12,021$11,564$11,127$10,709$10,309$9,402
5 years$9,521$9,066$8,635$8,225$7,837$6,967
6 years$7,855$7,403$6,978$6,578$6,201$5,369
7 years$6,665$6,217$5,799$5,408$5,043$4,249
8 years$5,773$5,329$4,918$4,537$4,184$3,428
9 years$5,079$4,640$4,236$3,864$3,523$2,805
10 years$4,525$4,090$3,693$3,331$3,002$2,320
11 years$4,072$3,641$3,251$2,899$2,582$1,936
12 years$3,694$3,268$2,885$2,543$2,237$1,626
13 years$3,375$2,953$2,578$2,245$1,951$1,374
14 years$3,102$2,685$2,316$1,993$1,710$1,166
15 years$2,865$2,452$2,091$1,777$1,506$993
16 years$2,658$2,250$1,896$1,591$1,331$849
17 years$2,476$2,072$1,725$1,430$1,180$727
18 years$2,314$1,915$1,575$1,289$1,049$625
19 years$2,169$1,775$1,442$1,164$935$537
20 years$2,039$1,649$1,323$1,054$835$463
21 years$1,922$1,536$1,217$957$748$400
22 years$1,815$1,434$1,122$870$670$345
23 years$1,718$1,341$1,036$792$601$299
24 years$1,629$1,256$958$723$541$258
25 years$1,547$1,179$887$660$486$224
26 years$1,472$1,108$823$604$438$194
27 years$1,402$1,043$764$552$395$168
28 years$1,337$983$710$506$356$146
29 years$1,277$927$661$464$322$127
30 years$1,221$876$616$426$291$110
31 years$1,169$828$574$391$263$96
32 years$1,120$783$536$360$238$83
33 years$1,075$742$500$331$215$72
34 years$1,032$703$467$304$195$63
35 years$991$667$437$280$177$54
36 years$953$633$409$258$160$47
37 years$917$601$382$238$145$41
38 years$883$571$358$219$131$36
39 years$851$543$336$202$119$31
40 years$820$517$315$186$108$27
41 years$791$492$295$172$98$24
42 years$764$468$277$159$89$21
43 years$738$446$260$146$81$18
44 years$713$425$244$135$73$16
45 years$689$406$229$125$67$14
46 years$667$387$215$115$60$12
47 years$645$369$202$107$55$10
48 years$624$353$190$98$50$9
49 years$605$337$178$91$45$8
50 years$586$322$168$84$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $600,000, adding $2,809 every year, while hoping to spend $46,853 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: 57/26/17 Blend
41$600,000$600,000$600,000$600,000
42$664,097$632,297$622,997$698,835
43$681,984$613,429$594,017$703,871
44$700,125$592,065$562,495$704,022
45$718,496$568,035$528,297$703,123
46$737,071$541,157$491,283$701,084
47$755,817$511,238$451,305$697,807
48$774,697$478,075$408,211$693,186
49$793,669$441,454$361,839$687,109
50$812,685$401,147$312,022$679,452
51$831,689$356,913$258,585$670,086
52$850,619$308,500$201,346$658,870
53$869,404$255,639$140,113$645,653
54$887,964$198,046$74,687$630,272
55$906,208$135,422$4,861$612,553
56$924,035$67,451$0$592,308
57$941,330$0$0$581,968
58$957,966$0$0$572,218
59$973,797$0$0$581,233
60$988,664$0$0$589,612
61$1,002,387$0$0$597,243
62$1,014,765$0$0$603,997
63$1,025,575$0$0$609,735
64$1,034,568$0$0$614,298
65$1,041,466$0$0$617,511
66$1,045,961$0$0$619,179
67$1,047,710$0$0$619,086
68$1,046,332$0$0$616,991
69$1,041,404$0$0$612,627
70$1,032,455$0$0$605,699
71$1,018,966$0$0$595,877
72$1,000,359$0$0$582,797
73$975,994$0$0$566,057
74$945,162$0$0$545,210
75$907,078$0$0$519,761
76$860,874$0$0$489,162
77$805,586$0$0$452,809
78$740,151$0$0$410,031
79$663,393$0$0$360,087
80$574,009$0$0$302,158
81$470,561$0$0$235,338
82$351,459$0$0$158,628
83$214,944$0$0$70,920
84$59,075$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
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