Can I retire at age 42 with 610,000?

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 $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%11.8%
1 years$50,373$49,925$49,487$49,059$48,642$48,275
2 years$24,937$24,473$24,023$23,586$23,163$22,793
3 years$16,460$15,993$15,544$15,112$14,696$14,334
4 years$12,222$11,757$11,312$10,887$10,481$10,130
5 years$9,680$9,217$8,779$8,363$7,967$7,629
6 years$7,985$7,527$7,095$6,688$6,304$5,979
7 years$6,776$6,321$5,896$5,498$5,127$4,814
8 years$5,869$5,418$5,000$4,612$4,253$3,954
9 years$5,164$4,718$4,306$3,929$3,582$3,295
10 years$4,600$4,158$3,754$3,387$3,052$2,778
11 years$4,140$3,702$3,305$2,947$2,625$2,363
12 years$3,756$3,323$2,933$2,585$2,275$2,025
13 years$3,431$3,003$2,621$2,282$1,984$1,746
14 years$3,153$2,729$2,355$2,026$1,739$1,512
15 years$2,913$2,493$2,126$1,807$1,531$1,316
16 years$2,703$2,288$1,928$1,618$1,353$1,149
17 years$2,517$2,107$1,754$1,454$1,200$1,006
18 years$2,353$1,947$1,601$1,310$1,067$884
19 years$2,205$1,804$1,466$1,184$951$778
20 years$2,073$1,677$1,345$1,072$849$686
21 years$1,954$1,562$1,237$973$760$606
22 years$1,845$1,458$1,140$885$681$536
23 years$1,746$1,363$1,053$806$612$474
24 years$1,656$1,277$974$735$550$421
25 years$1,573$1,199$902$671$495$373
26 years$1,496$1,127$837$614$446$332
27 years$1,425$1,060$777$562$402$295
28 years$1,360$999$722$515$362$262
29 years$1,299$943$672$472$327$233
30 years$1,242$890$626$433$296$208
31 years$1,189$841$584$398$267$185
32 years$1,139$796$544$366$242$165
33 years$1,092$754$508$336$219$147
34 years$1,049$715$475$309$198$131
35 years$1,008$678$444$285$179$117
36 years$969$643$415$262$163$105
37 years$932$611$389$242$147$93
38 years$898$581$364$223$134$83
39 years$865$552$341$205$121$74
40 years$834$525$320$189$110$67
41 years$805$500$300$175$100$59
42 years$777$476$281$161$90$53
43 years$750$454$264$149$82$47
44 years$725$433$248$137$75$42
45 years$701$412$233$127$68$38
46 years$678$394$218$117$61$34
47 years$656$376$205$108$56$30
48 years$635$358$193$100$51$27
49 years$615$342$181$93$46$24
50 years$596$327$170$86$42$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $610,000, adding $4,012 every year, while hoping to spend $22,424 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: 88/5/7 Blend
41$610,000$610,000$610,000$610,000
42$676,358$644,028$634,573$735,201
43$721,488$651,727$631,973$781,829
44$770,469$659,051$628,533$829,536
45$823,671$665,959$624,203$881,251
46$881,500$672,405$618,929$937,364
47$944,403$678,343$612,653$998,300
48$1,012,871$683,721$605,315$1,064,529
49$1,087,445$688,484$596,855$1,136,569
50$1,168,721$692,576$587,205$1,214,989
51$1,257,353$695,934$576,299$1,300,416
52$1,354,062$698,494$564,064$1,393,541
53$1,459,642$700,186$550,426$1,495,124
54$1,574,966$700,936$535,306$1,606,003
55$1,700,996$700,665$518,622$1,727,100
56$1,838,790$699,291$500,289$1,859,433
57$1,989,515$696,725$480,217$2,004,120
58$2,154,454$692,872$458,313$2,162,394
59$2,335,020$687,634$434,477$2,335,613
60$2,532,769$680,906$408,609$2,525,275
61$2,749,415$672,574$380,602$2,733,027
62$2,986,846$662,520$350,342$2,960,685
63$3,247,140$650,619$317,714$3,210,251
64$3,532,586$636,737$282,595$3,483,929
65$3,845,706$620,734$244,859$3,784,147
66$4,189,277$602,459$204,371$4,113,582
67$4,566,360$581,756$160,993$4,475,182
68$4,980,322$558,455$114,580$4,872,196
69$5,434,877$532,381$64,980$5,308,203
70$5,934,113$503,347$12,036$5,787,148
71$6,482,534$471,153$0$6,313,377
72$7,085,104$435,591$0$6,895,000
73$7,747,288$396,438$0$7,535,147
74$8,475,110$353,462$0$8,238,747
75$9,275,203$306,414$0$9,012,222
76$10,154,879$255,033$0$9,862,647
77$11,122,190$199,043$0$10,797,816
78$12,186,010$138,152$0$11,826,320
79$13,356,113$72,053$0$12,957,622
80$14,643,272$419$0$14,202,151
81$16,059,354$0$0$15,571,397
82$17,617,433$0$0$17,082,264
83$19,331,918$0$0$18,744,826
84$21,218,681$0$0$20,574,455
85$23,295,214$0$0$22,588,113
86$25,580,788$0$0$24,804,488
87$28,096,639$0$0$27,244,173
88$30,866,165$0$0$29,929,860
89$33,915,149$0$0$32,886,550
90$37,271,998$0$0$36,141,794
91$40,968,018$0$0$39,725,948
92$45,037,701$0$0$43,672,463
93$49,519,057$0$0$48,018,199
94$54,453,967$0$0$52,803,770
95$59,888,584$0$0$58,073,934
96$65,873,761$0$0$63,878,005
97$72,465,537$0$0$70,270,328
98$79,725,663$0$0$77,310,787
99$87,722,184$0$0$85,065,368
100$96,530,082$0$0$93,606,786