Can I retire at age 42 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$50,373$49,925$49,487$49,059$48,642$47,218
2 years$24,937$24,473$24,023$23,586$23,163$21,739
3 years$16,460$15,993$15,544$15,112$14,696$13,317
4 years$12,222$11,757$11,312$10,887$10,481$9,159
5 years$9,680$9,217$8,779$8,363$7,967$6,705
6 years$7,985$7,527$7,095$6,688$6,304$5,103
7 years$6,776$6,321$5,896$5,498$5,127$3,986
8 years$5,869$5,418$5,000$4,612$4,253$3,173
9 years$5,164$4,718$4,306$3,929$3,582$2,560
10 years$4,600$4,158$3,754$3,387$3,052$2,088
11 years$4,140$3,702$3,305$2,947$2,625$1,717
12 years$3,756$3,323$2,933$2,585$2,275$1,421
13 years$3,431$3,003$2,621$2,282$1,984$1,182
14 years$3,153$2,729$2,355$2,026$1,739$987
15 years$2,913$2,493$2,126$1,807$1,531$828
16 years$2,703$2,288$1,928$1,618$1,353$696
17 years$2,517$2,107$1,754$1,454$1,200$586
18 years$2,353$1,947$1,601$1,310$1,067$495
19 years$2,205$1,804$1,466$1,184$951$419
20 years$2,073$1,677$1,345$1,072$849$355
21 years$1,954$1,562$1,237$973$760$301
22 years$1,845$1,458$1,140$885$681$255
23 years$1,746$1,363$1,053$806$612$217
24 years$1,656$1,277$974$735$550$184
25 years$1,573$1,199$902$671$495$157
26 years$1,496$1,127$837$614$446$133
27 years$1,425$1,060$777$562$402$113
28 years$1,360$999$722$515$362$97
29 years$1,299$943$672$472$327$82
30 years$1,242$890$626$433$296$70
31 years$1,189$841$584$398$267$60
32 years$1,139$796$544$366$242$51
33 years$1,092$754$508$336$219$43
34 years$1,049$715$475$309$198$37
35 years$1,008$678$444$285$179$32
36 years$969$643$415$262$163$27
37 years$932$611$389$242$147$23
38 years$898$581$364$223$134$20
39 years$865$552$341$205$121$17
40 years$834$525$320$189$110$14
41 years$805$500$300$175$100$12
42 years$777$476$281$161$90$10
43 years$750$454$264$149$82$9
44 years$725$433$248$137$75$8
45 years$701$412$233$127$68$6
46 years$678$394$218$117$61$5
47 years$656$376$205$108$56$5
48 years$635$358$193$100$51$4
49 years$615$342$181$93$46$3
50 years$596$327$170$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $610,000, adding $5,715 every year, while hoping to spend $37,754 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: 52/37/11 Blend
41$610,000$610,000$610,000$610,000
42$678,115$645,785$636,330$711,135
43$707,113$637,259$617,477$725,748
44$737,803$627,049$596,727$737,108
45$770,318$615,034$573,977$748,588
46$804,804$601,084$549,118$760,210
47$841,418$585,061$522,038$771,998
48$880,335$566,821$492,619$783,982
49$921,743$546,210$460,736$796,197
50$965,851$523,064$426,260$808,684
51$1,012,886$497,212$389,058$821,491
52$1,063,097$468,472$348,988$834,675
53$1,116,757$436,650$305,903$848,300
54$1,174,164$401,544$259,648$862,442
55$1,235,647$362,938$210,065$877,186
56$1,301,565$320,605$156,985$892,632
57$1,372,314$274,303$100,232$908,893
58$1,448,325$223,779$39,625$926,097
59$1,530,075$168,765$0$944,390
60$1,618,084$108,977$0$966,881
61$1,712,927$44,115$0$995,972
62$1,815,233$0$0$1,027,245
63$1,925,692$0$0$1,071,607
64$2,045,066$0$0$1,139,009
65$2,174,189$0$0$1,211,965
66$2,313,979$0$0$1,291,001
67$2,465,445$0$0$1,376,695
68$2,629,697$0$0$1,469,681
69$2,807,956$0$0$1,570,657
70$3,001,562$0$0$1,680,391
71$3,211,993$0$0$1,799,729
72$3,440,873$0$0$1,929,598
73$3,689,988$0$0$2,071,023
74$3,961,304$0$0$2,225,128
75$4,256,985$0$0$2,393,152
76$4,579,412$0$0$2,576,458
77$4,931,206$0$0$2,776,547
78$5,315,249$0$0$2,995,068
79$5,734,719$0$0$3,233,842
80$6,193,110$0$0$3,494,868
81$6,694,271$0$0$3,780,351
82$7,242,438$0$0$4,092,717
83$7,842,277$0$0$4,434,638
84$8,498,924$0$0$4,809,055
85$9,218,037$0$0$5,219,208
86$10,005,844$0$0$5,668,666
87$10,869,205$0$0$6,161,356
88$11,815,677$0$0$6,701,608
89$12,853,580$0$0$7,294,186
90$13,992,079$0$0$7,944,342
91$15,241,269$0$0$8,657,857
92$16,612,269$0$0$9,441,101
93$18,117,328$0$0$10,301,091
94$19,769,937$0$0$11,245,554
95$21,584,958$0$0$12,283,007
96$23,578,764$0$0$13,422,827
97$25,769,391$0$0$14,675,348
98$28,176,707$0$0$16,051,953
99$30,822,603$0$0$17,565,183
100$33,731,195$0$0$19,228,854