Can I retire at age 42 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$42,941$42,559$42,185$41,821$41,466$40,235
2 years$21,258$20,862$20,478$20,106$19,745$18,516
3 years$14,031$13,634$13,251$12,882$12,527$11,337
4 years$10,419$10,022$9,643$9,281$8,935$7,793
5 years$8,251$7,857$7,484$7,129$6,792$5,702
6 years$6,807$6,416$6,048$5,701$5,374$4,337
7 years$5,776$5,388$5,026$4,687$4,371$3,386
8 years$5,003$4,619$4,262$3,932$3,626$2,694
9 years$4,402$4,021$3,671$3,349$3,054$2,172
10 years$3,922$3,545$3,201$2,887$2,602$1,770
11 years$3,529$3,156$2,818$2,512$2,238$1,455
12 years$3,202$2,832$2,501$2,204$1,939$1,203
13 years$2,925$2,560$2,234$1,946$1,691$1,000
14 years$2,688$2,327$2,007$1,727$1,482$835
15 years$2,483$2,125$1,812$1,540$1,305$699
16 years$2,304$1,950$1,643$1,379$1,153$588
17 years$2,146$1,796$1,495$1,239$1,023$495
18 years$2,005$1,660$1,365$1,117$909$417
19 years$1,880$1,538$1,250$1,009$811$353
20 years$1,767$1,429$1,147$914$724$298
21 years$1,665$1,331$1,055$829$648$253
22 years$1,573$1,243$972$754$581$214
23 years$1,489$1,162$898$687$521$182
24 years$1,412$1,089$830$626$469$155
25 years$1,341$1,022$769$572$422$131
26 years$1,275$960$713$523$380$112
27 years$1,215$904$662$479$342$95
28 years$1,159$852$616$439$309$81
29 years$1,107$804$573$402$279$69
30 years$1,058$759$534$369$252$59
31 years$1,013$717$497$339$228$50
32 years$971$679$464$312$206$42
33 years$931$643$433$287$187$36
34 years$894$609$405$264$169$31
35 years$859$578$379$243$153$26
36 years$826$548$354$224$139$22
37 years$795$521$331$206$126$19
38 years$765$495$310$190$114$16
39 years$737$471$291$175$103$14
40 years$711$448$273$161$94$12
41 years$686$426$256$149$85$10
42 years$662$406$240$137$77$9
43 years$639$387$225$127$70$7
44 years$618$369$211$117$64$6
45 years$597$352$198$108$58$5
46 years$578$335$186$100$52$5
47 years$559$320$175$92$48$4
48 years$541$306$164$85$43$3
49 years$524$292$155$79$39$3
50 years$508$279$145$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $520,000, adding $4,132 every year, while hoping to spend $22,656 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: 83/7/10 Blend
41$520,000$520,000$520,000$520,000
42$577,302$549,742$541,682$623,996
43$612,081$552,574$535,723$657,993
44$649,648$554,785$528,804$691,871
45$690,264$556,321$520,871$728,385
46$734,215$557,124$511,864$767,787
47$781,815$557,134$501,721$810,353
48$833,411$556,284$490,380$856,390
49$889,383$554,506$477,771$906,233
50$950,149$551,726$463,826$960,252
51$1,016,170$547,866$448,470$1,018,854
52$1,087,952$542,844$431,627$1,082,490
53$1,166,052$536,573$413,215$1,151,653
54$1,251,083$528,958$393,151$1,226,889
55$1,343,719$519,903$371,347$1,308,799
56$1,444,702$509,302$347,711$1,398,044
57$1,554,849$497,045$322,147$1,495,352
58$1,675,058$483,015$294,554$1,601,529
59$1,806,320$467,089$264,827$1,717,458
60$1,949,724$449,135$232,858$1,844,115
61$2,106,468$429,015$198,531$1,982,575
62$2,277,873$406,582$161,727$2,134,022
63$2,465,392$381,681$122,321$2,299,763
64$2,670,627$354,147$80,184$2,481,235
65$2,895,339$323,809$35,178$2,680,024
66$3,141,469$290,481$0$2,897,878
67$3,411,155$253,971$0$3,138,092
68$3,706,751$214,073$0$3,405,513
69$4,030,848$170,572$0$3,698,738
70$4,386,303$123,238$0$4,020,362
71$4,776,260$71,831$0$4,373,244
72$5,204,183$16,095$0$4,760,534
73$5,673,887$0$0$5,185,701
74$6,189,576$0$0$5,655,977
75$6,755,880$0$0$6,173,783
76$7,377,897$0$0$6,742,543
77$8,061,248$0$0$7,367,396
78$8,812,120$0$0$8,054,003
79$9,637,333$0$0$8,808,600
80$10,544,399$0$0$9,638,059
81$11,541,593$0$0$10,549,949
82$12,638,034$0$0$11,552,609
83$13,843,766$0$0$12,655,226
84$15,169,858$0$0$13,867,925
85$16,628,503$0$0$15,201,858
86$18,233,136$0$0$16,669,313
87$19,998,560$0$0$18,283,830
88$21,941,085$0$0$20,060,327
89$24,078,682$0$0$22,015,240
90$26,431,151$0$0$24,166,680
91$29,020,311$0$0$26,534,602
92$31,870,200$0$0$29,140,994
93$35,007,306$0$0$32,010,084
94$38,460,818$0$0$35,168,567
95$42,262,895$0$0$38,645,859
96$46,448,974$0$0$42,474,374
97$51,058,105$0$0$46,689,826
98$56,133,313$0$0$51,331,570
99$61,722,013$0$0$56,442,973
100$67,876,447$0$0$62,071,820