Can I retire at age 42 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$48,722$48,288$47,864$47,451$47,047$46,230
2 years$24,120$23,670$23,235$22,813$22,404$21,583
3 years$15,920$15,469$15,035$14,616$14,214$13,415
4 years$11,821$11,371$10,941$10,530$10,137$9,367
5 years$9,362$8,915$8,491$8,088$7,706$6,966
6 years$7,724$7,280$6,862$6,468$6,098$5,389
7 years$6,554$6,114$5,702$5,318$4,959$4,282
8 years$5,677$5,241$4,836$4,461$4,114$3,468
9 years$4,995$4,563$4,165$3,800$3,465$2,850
10 years$4,450$4,022$3,631$3,276$2,952$2,368
11 years$4,004$3,580$3,197$2,851$2,539$1,984
12 years$3,633$3,214$2,837$2,500$2,200$1,675
13 years$3,319$2,904$2,535$2,208$1,919$1,421
14 years$3,050$2,640$2,278$1,960$1,682$1,212
15 years$2,817$2,412$2,056$1,748$1,481$1,037
16 years$2,614$2,213$1,864$1,565$1,309$891
17 years$2,435$2,038$1,697$1,406$1,160$767
18 years$2,275$1,883$1,549$1,267$1,032$662
19 years$2,133$1,745$1,418$1,145$920$573
20 years$2,005$1,622$1,301$1,037$821$496
21 years$1,890$1,510$1,197$941$735$430
22 years$1,785$1,410$1,103$856$659$374
23 years$1,689$1,319$1,018$779$591$325
24 years$1,602$1,236$942$711$532$283
25 years$1,521$1,159$872$649$478$246
26 years$1,447$1,090$809$593$431$215
27 years$1,378$1,026$751$543$389$187
28 years$1,315$966$698$498$351$163
29 years$1,256$912$650$456$317$143
30 years$1,201$861$605$419$286$125
31 years$1,150$814$564$385$259$109
32 years$1,102$770$527$354$234$95
33 years$1,057$729$492$325$212$83
34 years$1,014$691$459$299$192$73
35 years$975$656$430$275$174$64
36 years$937$622$402$254$157$56
37 years$902$591$376$234$143$49
38 years$868$562$352$215$129$43
39 years$837$534$330$199$117$37
40 years$807$508$309$183$106$33
41 years$778$484$290$169$96$28
42 years$751$461$272$156$88$25
43 years$725$439$255$144$79$22
44 years$701$418$240$133$72$19
45 years$678$399$225$123$65$17
46 years$655$381$211$113$59$15
47 years$634$363$199$105$54$13
48 years$614$347$187$97$49$11
49 years$595$331$175$89$45$10
50 years$576$316$165$83$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $590,000, adding $3,611 every year, while hoping to spend $32,274 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: 62/14/24 Blend
41$590,000$590,000$590,000$590,000
42$653,905$622,635$613,490$690,093
43$686,264$618,805$599,702$711,194
44$720,842$613,705$584,371$730,352
45$757,831$607,240$567,411$750,555
46$797,442$599,307$548,732$771,911
47$839,906$589,798$528,239$794,537
48$885,477$578,599$505,836$818,567
49$934,433$565,588$481,419$844,148
50$987,080$550,636$454,881$871,442
51$1,043,753$533,608$426,110$900,631
52$1,104,820$514,359$394,989$931,917
53$1,170,686$492,737$361,396$965,523
54$1,241,796$468,581$325,202$1,001,698
55$1,318,637$441,719$286,274$1,040,717
56$1,401,746$411,972$244,473$1,082,886
57$1,491,714$379,148$199,653$1,128,544
58$1,589,188$343,046$151,661$1,178,068
59$1,694,883$303,453$100,339$1,231,872
60$1,809,582$260,143$45,521$1,290,420
61$1,934,147$212,878$0$1,354,223
62$2,069,528$161,406$0$1,427,171
63$2,216,768$105,463$0$1,519,224
64$2,377,015$44,767$0$1,619,456
65$2,551,532$0$0$1,728,685
66$2,741,710$0$0$1,851,048
67$2,949,078$0$0$1,992,031
68$3,175,322$0$0$2,145,888
69$3,422,293$0$0$2,313,885
70$3,692,033$0$0$2,497,414
71$3,986,787$0$0$2,698,011
72$4,309,028$0$0$2,917,362
73$4,661,479$0$0$3,157,329
74$5,047,137$0$0$3,419,957
75$5,469,303$0$0$3,707,502
76$5,931,612$0$0$4,022,445
77$6,438,067$0$0$4,367,522
78$6,993,074$0$0$4,745,742
79$7,601,490$0$0$5,160,421
80$8,268,661$0$0$5,615,212
81$9,000,475$0$0$6,114,137
82$9,803,419$0$0$6,661,628
83$10,684,638$0$0$7,262,563
84$11,652,001$0$0$7,922,319
85$12,714,177$0$0$8,646,819
86$13,880,716$0$0$9,442,584
87$15,162,137$0$0$10,316,802
88$16,570,029$0$0$11,277,389
89$18,117,159$0$0$12,333,067
90$19,817,591$0$0$13,493,443
91$21,686,821$0$0$14,769,104
92$23,741,918$0$0$16,171,710
93$26,001,692$0$0$17,714,112
94$28,486,862$0$0$19,410,464
95$31,220,259$0$0$21,276,364
96$34,227,037$0$0$23,328,996
97$37,534,908$0$0$25,587,293
98$41,174,409$0$0$28,072,117
99$45,179,184$0$0$30,806,453
100$49,586,303$0$0$33,815,627