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%16.8%
1 years$47,483$47,060$46,647$46,245$45,851$44,580
2 years$23,506$23,069$22,644$22,233$21,834$20,563
3 years$15,515$15,076$14,652$14,245$13,852$12,621
4 years$11,520$11,082$10,663$10,263$9,880$8,697
5 years$9,124$8,689$8,275$7,883$7,510$6,381
6 years$7,527$7,095$6,687$6,304$5,943$4,867
7 years$6,387$5,958$5,557$5,183$4,833$3,810
8 years$5,532$5,107$4,713$4,348$4,009$3,040
9 years$4,868$4,447$4,059$3,703$3,377$2,459
10 years$4,336$3,920$3,539$3,192$2,877$2,010
11 years$3,902$3,489$3,116$2,778$2,474$1,657
12 years$3,540$3,132$2,765$2,437$2,144$1,375
13 years$3,234$2,830$2,470$2,151$1,870$1,147
14 years$2,973$2,573$2,220$1,910$1,639$961
15 years$2,746$2,350$2,004$1,703$1,443$808
16 years$2,547$2,156$1,817$1,525$1,275$681
17 years$2,373$1,986$1,653$1,370$1,131$576
18 years$2,218$1,835$1,509$1,235$1,006$487
19 years$2,079$1,701$1,382$1,116$896$413
20 years$1,954$1,580$1,268$1,011$801$351
21 years$1,842$1,472$1,166$917$716$299
22 years$1,739$1,374$1,075$834$642$254
23 years$1,646$1,285$993$759$576$217
24 years$1,561$1,204$918$693$518$185
25 years$1,482$1,130$850$633$466$158
26 years$1,410$1,062$789$578$420$134
27 years$1,343$999$732$529$379$115
28 years$1,282$942$681$485$342$98
29 years$1,224$888$633$445$308$84
30 years$1,170$839$590$408$279$72
31 years$1,120$793$550$375$252$61
32 years$1,074$751$513$345$228$52
33 years$1,030$711$479$317$206$45
34 years$989$674$448$292$187$38
35 years$950$639$419$268$169$33
36 years$913$606$392$247$153$28
37 years$879$576$367$228$139$24
38 years$846$547$343$210$126$21
39 years$815$521$322$194$114$18
40 years$786$495$301$179$104$15
41 years$758$471$283$165$94$13
42 years$732$449$265$152$85$11
43 years$707$428$249$140$77$9
44 years$683$408$234$130$70$8
45 years$660$389$219$120$64$7
46 years$639$371$206$111$58$6
47 years$618$354$193$102$53$5
48 years$598$338$182$94$48$4
49 years$579$323$171$87$43$4
50 years$561$308$161$81$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $575,000, adding $3,031 every year, while hoping to spend $35,196 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: 67/22/11 Blend
41$575,000$575,000$575,000$575,000
42$636,776$606,301$597,389$677,735
43$664,279$598,562$579,953$697,633
44$693,408$589,264$560,754$714,909
45$724,291$578,293$539,694$732,886
46$757,069$565,529$516,674$751,628
47$791,895$550,846$491,589$771,209
48$828,939$534,108$464,327$791,708
49$868,383$515,172$434,774$813,216
50$910,430$493,887$402,811$835,833
51$955,300$470,093$368,312$859,670
52$1,003,235$443,622$331,144$884,853
53$1,054,500$414,295$291,173$911,521
54$1,109,386$381,921$248,253$939,828
55$1,168,210$346,303$202,237$969,946
56$1,231,323$307,227$152,967$1,002,068
57$1,299,108$264,472$100,282$1,036,406
58$1,371,987$217,800$44,011$1,073,198
59$1,450,420$166,963$0$1,112,707
60$1,534,916$111,698$0$1,157,108
61$1,626,033$51,725$0$1,210,481
62$1,724,381$0$0$1,268,038
63$1,830,635$0$0$1,333,411
64$1,945,533$0$0$1,417,671
65$2,069,888$0$0$1,508,895
66$2,204,594$0$0$1,607,743
67$2,350,632$0$0$1,714,939
68$2,509,083$0$0$1,831,280
69$2,681,135$0$0$1,957,642
70$2,868,093$0$0$2,094,990
71$3,071,397$0$0$2,244,384
72$3,292,626$0$0$2,406,991
73$3,533,521$0$0$2,584,094
74$3,795,996$0$0$2,777,107
75$4,082,158$0$0$2,987,585
76$4,394,326$0$0$3,217,239
77$4,735,053$0$0$3,467,952
78$5,107,148$0$0$3,741,799
79$5,513,704$0$0$4,041,062
80$5,958,126$0$0$4,368,253
81$6,444,163$0$0$4,726,141
82$6,975,942$0$0$5,117,772
83$7,558,009$0$0$5,546,501
84$8,195,367$0$0$6,016,021
85$8,893,530$0$0$6,530,401
86$9,658,565$0$0$7,094,122
87$10,497,157$0$0$7,712,117
88$11,416,669$0$0$8,389,821
89$12,425,208$0$0$9,133,219
90$13,531,706$0$0$9,948,905
91$14,745,998$0$0$10,844,140
92$16,078,921$0$0$11,826,923
93$17,542,411$0$0$12,906,065
94$19,149,615$0$0$14,091,272
95$20,915,016$0$0$15,393,238
96$22,854,571$0$0$16,823,741
97$24,985,857$0$0$18,395,757
98$27,328,238$0$0$20,123,583
99$29,903,047$0$0$22,022,968
100$32,733,788$0$0$24,111,264