Can I retire at age 42 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$47,896$47,469$47,053$46,647$46,250$45,169
2 years$23,711$23,269$22,841$22,426$22,024$20,940
3 years$15,650$15,207$14,780$14,369$13,973$12,921
4 years$11,621$11,179$10,756$10,352$9,966$8,954
5 years$9,204$8,764$8,347$7,951$7,576$6,607
6 years$7,593$7,157$6,746$6,359$5,994$5,070
7 years$6,443$6,010$5,606$5,228$4,875$3,994
8 years$5,580$5,152$4,754$4,385$4,044$3,207
9 years$4,910$4,486$4,095$3,735$3,406$2,612
10 years$4,374$3,954$3,570$3,220$2,902$2,150
11 years$3,936$3,520$3,143$2,802$2,496$1,785
12 years$3,571$3,159$2,789$2,458$2,163$1,492
13 years$3,263$2,855$2,492$2,170$1,886$1,253
14 years$2,998$2,595$2,239$1,926$1,653$1,058
15 years$2,770$2,371$2,022$1,718$1,456$896
16 years$2,570$2,175$1,833$1,538$1,287$762
17 years$2,393$2,003$1,668$1,382$1,141$649
18 years$2,237$1,851$1,522$1,246$1,014$554
19 years$2,097$1,715$1,394$1,125$904$474
20 years$1,971$1,594$1,279$1,019$808$406
21 years$1,858$1,485$1,177$925$723$348
22 years$1,754$1,386$1,084$841$648$299
23 years$1,660$1,296$1,001$766$581$257
24 years$1,574$1,215$926$699$523$221
25 years$1,495$1,140$858$638$470$190
26 years$1,422$1,071$795$583$424$164
27 years$1,355$1,008$739$534$382$141
28 years$1,293$950$687$489$345$122
29 years$1,235$896$639$449$311$105
30 years$1,181$846$595$412$281$90
31 years$1,130$800$555$378$254$78
32 years$1,083$757$518$348$230$67
33 years$1,039$717$483$320$208$58
34 years$997$680$452$294$188$50
35 years$958$645$422$271$171$43
36 years$921$612$395$249$155$37
37 years$886$581$370$230$140$32
38 years$854$552$346$212$127$28
39 years$822$525$324$195$115$24
40 years$793$500$304$180$104$21
41 years$765$476$285$166$95$18
42 years$738$453$267$153$86$16
43 years$713$431$251$142$78$13
44 years$689$411$236$131$71$12
45 years$666$392$221$121$64$10
46 years$644$374$208$111$58$9
47 years$624$357$195$103$53$7
48 years$604$341$183$95$48$6
49 years$585$326$172$88$44$6
50 years$566$311$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $580,000, adding $2,963 every year, while hoping to spend $33,243 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: 61/26/13 Blend
41$580,000$580,000$580,000$580,000
42$642,216$611,476$602,486$679,189
43$672,352$606,068$587,299$698,980
44$704,448$599,281$570,489$716,534
45$738,667$591,012$551,967$734,884
46$775,192$581,153$531,639$754,111
47$814,220$569,587$509,407$774,301
48$855,967$556,194$485,169$795,555
49$900,671$540,843$458,817$817,982
50$948,594$523,398$430,241$841,706
51$1,000,019$503,714$399,324$866,862
52$1,055,263$481,637$365,942$893,605
53$1,114,668$457,006$329,970$922,104
54$1,178,613$429,648$291,273$952,550
55$1,247,514$399,383$249,713$985,152
56$1,321,826$366,018$205,144$1,020,146
57$1,402,050$329,351$157,414$1,057,793
58$1,488,737$289,167$106,366$1,098,384
59$1,582,493$245,241$51,833$1,142,242
60$1,683,981$197,331$0$1,189,725
61$1,793,933$145,187$0$1,242,114
62$1,913,153$88,540$0$1,306,699
63$2,042,526$27,109$0$1,376,801
64$2,183,022$0$0$1,452,990
65$2,335,713$0$0$1,547,175
66$2,501,773$0$0$1,658,082
67$2,682,498$0$0$1,778,823
68$2,879,311$0$0$1,910,356
69$3,093,780$0$0$2,053,734
70$3,327,629$0$0$2,210,114
71$3,582,757$0$0$2,380,773
72$3,861,253$0$0$2,567,113
73$4,165,417$0$0$2,770,680
74$4,497,780$0$0$2,993,175
75$4,861,131$0$0$3,236,471
76$5,258,537$0$0$3,502,631
77$5,693,378$0$0$3,793,923
78$6,169,375$0$0$4,112,850
79$6,690,624$0$0$4,462,163
80$7,261,639$0$0$4,844,894
81$7,887,386$0$0$5,264,384
82$8,573,339$0$0$5,724,309
83$9,325,525$0$0$6,228,719
84$10,150,582$0$0$6,782,076
85$11,055,820$0$0$7,389,293
86$12,049,295$0$0$8,055,782
87$13,139,875$0$0$8,787,507
88$14,337,334$0$0$9,591,033
89$15,652,435$0$0$10,473,596
90$17,097,036$0$0$11,443,164
91$18,684,200$0$0$12,508,519
92$20,428,318$0$0$13,679,332
93$22,345,244$0$0$14,966,258
94$24,452,442$0$0$16,381,037
95$26,769,156$0$0$17,936,603
96$29,316,586$0$0$19,647,204
97$32,118,089$0$0$21,528,540
98$35,199,398$0$0$23,597,909
99$38,588,866$0$0$25,874,366
100$42,317,733$0$0$28,378,911