Can I retire at age 42 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$47,483$47,060$46,647$46,245$45,851$44,707
2 years$23,506$23,069$22,644$22,233$21,834$20,688
3 years$15,515$15,076$14,652$14,245$13,852$12,741
4 years$11,520$11,082$10,663$10,263$9,880$8,811
5 years$9,124$8,689$8,275$7,883$7,510$6,488
6 years$7,527$7,095$6,687$6,304$5,943$4,967
7 years$6,387$5,958$5,557$5,183$4,833$3,905
8 years$5,532$5,107$4,713$4,348$4,009$3,128
9 years$4,868$4,447$4,059$3,703$3,377$2,541
10 years$4,336$3,920$3,539$3,192$2,877$2,087
11 years$3,902$3,489$3,116$2,778$2,474$1,728
12 years$3,540$3,132$2,765$2,437$2,144$1,440
13 years$3,234$2,830$2,470$2,151$1,870$1,207
14 years$2,973$2,573$2,220$1,910$1,639$1,016
15 years$2,746$2,350$2,004$1,703$1,443$858
16 years$2,547$2,156$1,817$1,525$1,275$727
17 years$2,373$1,986$1,653$1,370$1,131$618
18 years$2,218$1,835$1,509$1,235$1,006$526
19 years$2,079$1,701$1,382$1,116$896$448
20 years$1,954$1,580$1,268$1,011$801$383
21 years$1,842$1,472$1,166$917$716$327
22 years$1,739$1,374$1,075$834$642$280
23 years$1,646$1,285$993$759$576$240
24 years$1,561$1,204$918$693$518$206
25 years$1,482$1,130$850$633$466$177
26 years$1,410$1,062$789$578$420$152
27 years$1,343$999$732$529$379$130
28 years$1,282$942$681$485$342$112
29 years$1,224$888$633$445$308$96
30 years$1,170$839$590$408$279$83
31 years$1,120$793$550$375$252$71
32 years$1,074$751$513$345$228$61
33 years$1,030$711$479$317$206$53
34 years$989$674$448$292$187$45
35 years$950$639$419$268$169$39
36 years$913$606$392$247$153$34
37 years$879$576$367$228$139$29
38 years$846$547$343$210$126$25
39 years$815$521$322$194$114$21
40 years$786$495$301$179$104$18
41 years$758$471$283$165$94$16
42 years$732$449$265$152$85$14
43 years$707$428$249$140$77$12
44 years$683$408$234$130$70$10
45 years$660$389$219$120$64$9
46 years$639$371$206$111$58$8
47 years$618$354$193$102$53$6
48 years$598$338$182$94$48$6
49 years$579$323$171$87$43$5
50 years$561$308$161$81$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $575,000, adding $2,720 every year, while hoping to spend $36,737 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: 53/28/19 Blend
41$575,000$575,000$575,000$575,000
42$636,456$605,981$597,068$666,752
43$662,286$596,586$577,982$678,438
44$689,520$585,499$557,025$687,064
45$718,262$572,600$534,096$695,654
46$748,626$557,758$509,089$704,215
47$780,735$540,837$481,893$712,759
48$814,725$521,694$452,392$721,299
49$850,745$500,175$420,465$729,853
50$888,956$476,118$385,985$738,444
51$929,534$449,352$348,821$747,098
52$972,673$419,697$308,833$755,848
53$1,018,585$386,962$265,878$764,734
54$1,067,501$350,943$219,805$773,802
55$1,119,674$311,427$170,457$783,106
56$1,175,383$268,189$117,669$792,710
57$1,234,931$220,990$61,270$802,688
58$1,298,652$169,577$1,081$813,126
59$1,366,913$113,684$0$824,123
60$1,440,113$53,030$0$848,594
61$1,518,694$0$0$874,934
62$1,603,139$0$0$907,021
63$1,693,977$0$0$959,153
64$1,791,791$0$0$1,015,330
65$1,897,220$0$0$1,075,925
66$2,010,968$0$0$1,141,347
67$2,133,805$0$0$1,212,046
68$2,266,579$0$0$1,288,516
69$2,410,223$0$0$1,371,301
70$2,565,761$0$0$1,460,997
71$2,734,319$0$0$1,558,262
72$2,917,136$0$0$1,663,817
73$3,115,573$0$0$1,778,458
74$3,331,130$0$0$1,903,057
75$3,565,452$0$0$2,038,576
76$3,820,354$0$0$2,186,072
77$4,097,829$0$0$2,346,709
78$4,400,072$0$0$2,521,767
79$4,729,499$0$0$2,712,656
80$5,088,767$0$0$2,920,926
81$5,480,801$0$0$3,148,284
82$5,908,821$0$0$3,396,609
83$6,376,372$0$0$3,667,970
84$6,887,356$0$0$3,964,645
85$7,446,070$0$0$4,289,140
86$8,057,242$0$0$4,644,218
87$8,726,082$0$0$5,032,917
88$9,458,324$0$0$5,458,586
89$10,260,283$0$0$5,924,910
90$11,138,914$0$0$6,435,951
91$12,101,877$0$0$6,996,178
92$13,157,605$0$0$7,610,518
93$14,315,390$0$0$8,284,393
94$15,585,464$0$0$9,023,777
95$16,979,097$0$0$9,835,252
96$18,508,704$0$0$10,726,065
97$20,187,960$0$0$11,704,202
98$22,031,928$0$0$12,778,456
99$24,057,202$0$0$13,958,518
100$26,282,062$0$0$15,255,061