Can I retire at age 42 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$49,547$49,106$48,676$48,255$47,845$45,947
2 years$24,528$24,072$23,629$23,200$22,783$20,894
3 years$16,190$15,731$15,289$14,864$14,455$12,634
4 years$12,021$11,564$11,127$10,709$10,309$8,572
5 years$9,521$9,066$8,635$8,225$7,837$6,186
6 years$7,855$7,403$6,978$6,578$6,201$4,639
7 years$6,665$6,217$5,799$5,408$5,043$3,568
8 years$5,773$5,329$4,918$4,537$4,184$2,795
9 years$5,079$4,640$4,236$3,864$3,523$2,219
10 years$4,525$4,090$3,693$3,331$3,002$1,779
11 years$4,072$3,641$3,251$2,899$2,582$1,437
12 years$3,694$3,268$2,885$2,543$2,237$1,168
13 years$3,375$2,953$2,578$2,245$1,951$954
14 years$3,102$2,685$2,316$1,993$1,710$782
15 years$2,865$2,452$2,091$1,777$1,506$643
16 years$2,658$2,250$1,896$1,591$1,331$530
17 years$2,476$2,072$1,725$1,430$1,180$438
18 years$2,314$1,915$1,575$1,289$1,049$362
19 years$2,169$1,775$1,442$1,164$935$300
20 years$2,039$1,649$1,323$1,054$835$249
21 years$1,922$1,536$1,217$957$748$207
22 years$1,815$1,434$1,122$870$670$172
23 years$1,718$1,341$1,036$792$601$143
24 years$1,629$1,256$958$723$541$119
25 years$1,547$1,179$887$660$486$99
26 years$1,472$1,108$823$604$438$82
27 years$1,402$1,043$764$552$395$69
28 years$1,337$983$710$506$356$57
29 years$1,277$927$661$464$322$48
30 years$1,221$876$616$426$291$40
31 years$1,169$828$574$391$263$33
32 years$1,120$783$536$360$238$28
33 years$1,075$742$500$331$215$23
34 years$1,032$703$467$304$195$19
35 years$991$667$437$280$177$16
36 years$953$633$409$258$160$13
37 years$917$601$382$238$145$11
38 years$883$571$358$219$131$9
39 years$851$543$336$202$119$8
40 years$820$517$315$186$108$6
41 years$791$492$295$172$98$5
42 years$764$468$277$159$89$4
43 years$738$446$260$146$81$4
44 years$713$425$244$135$73$3
45 years$689$406$229$125$67$3
46 years$667$387$215$115$60$2
47 years$645$369$202$107$55$2
48 years$624$353$190$98$50$2
49 years$605$337$178$91$45$1
50 years$586$322$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $600,000, adding $6,160 every year, while hoping to spend $45,110 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: 60/28/12 Blend
41$600,000$600,000$600,000$600,000
42$667,554$635,754$626,454$705,312
43$687,648$618,909$599,444$714,591
44$708,279$599,727$570,016$719,068
45$729,456$578,046$538,044$722,859
46$751,183$553,693$503,391$725,902
47$773,468$526,488$465,919$728,130
48$796,314$496,238$425,480$729,471
49$819,725$462,741$381,920$729,848
50$843,703$425,781$335,080$729,181
51$868,248$385,132$284,793$727,382
52$893,359$340,553$230,883$724,359
53$919,032$291,791$173,168$720,012
54$945,263$238,578$111,459$714,235
55$972,042$180,631$45,555$706,916
56$999,359$117,651$0$697,934
57$1,027,201$49,322$0$690,332
58$1,055,548$0$0$687,231
59$1,084,378$0$0$690,282
60$1,113,667$0$0$708,806
61$1,143,381$0$0$727,585
62$1,173,484$0$0$746,594
63$1,203,932$0$0$765,802
64$1,234,674$0$0$785,177
65$1,265,652$0$0$804,677
66$1,296,799$0$0$824,258
67$1,328,037$0$0$843,867
68$1,359,279$0$0$863,446
69$1,390,424$0$0$882,927
70$1,421,361$0$0$902,235
71$1,451,960$0$0$921,284
72$1,482,077$0$0$939,976
73$1,511,549$0$0$958,204
74$1,540,194$0$0$975,846
75$1,567,807$0$0$992,764
76$1,594,157$0$0$1,008,804
77$1,618,988$0$0$1,023,797
78$1,642,011$0$0$1,037,550
79$1,662,907$0$0$1,049,849
80$1,681,316$0$0$1,060,457
81$1,696,840$0$0$1,069,108
82$1,709,034$0$0$1,075,506
83$1,717,404$0$0$1,079,323
84$1,721,400$0$0$1,080,195
85$1,720,412$0$0$1,077,714
86$1,713,762$0$0$1,071,433
87$1,700,695$0$0$1,060,849
88$1,680,378$0$0$1,045,411
89$1,651,885$0$0$1,024,503
90$1,614,188$0$0$997,444
91$1,566,151$0$0$963,482
92$1,506,515$0$0$921,781
93$1,433,886$0$0$871,417
94$1,346,720$0$0$811,368
95$1,243,311$0$0$740,502
96$1,121,769$0$0$657,569
97$980,007$0$0$561,186
98$815,715$0$0$449,822
99$626,341$0$0$321,788
100$409,066$0$0$175,216