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%12.4%
1 years$49,547$49,106$48,676$48,255$47,845$47,365
2 years$24,528$24,072$23,629$23,200$22,783$22,300
3 years$16,190$15,731$15,289$14,864$14,455$13,983
4 years$12,021$11,564$11,127$10,709$10,309$9,852
5 years$9,521$9,066$8,635$8,225$7,837$7,397
6 years$7,855$7,403$6,978$6,578$6,201$5,778
7 years$6,665$6,217$5,799$5,408$5,043$4,637
8 years$5,773$5,329$4,918$4,537$4,184$3,795
9 years$5,079$4,640$4,236$3,864$3,523$3,152
10 years$4,525$4,090$3,693$3,331$3,002$2,647
11 years$4,072$3,641$3,251$2,899$2,582$2,244
12 years$3,694$3,268$2,885$2,543$2,237$1,915
13 years$3,375$2,953$2,578$2,245$1,951$1,645
14 years$3,102$2,685$2,316$1,993$1,710$1,420
15 years$2,865$2,452$2,091$1,777$1,506$1,230
16 years$2,658$2,250$1,896$1,591$1,331$1,070
17 years$2,476$2,072$1,725$1,430$1,180$933
18 years$2,314$1,915$1,575$1,289$1,049$816
19 years$2,169$1,775$1,442$1,164$935$715
20 years$2,039$1,649$1,323$1,054$835$628
21 years$1,922$1,536$1,217$957$748$552
22 years$1,815$1,434$1,122$870$670$486
23 years$1,718$1,341$1,036$792$601$428
24 years$1,629$1,256$958$723$541$378
25 years$1,547$1,179$887$660$486$334
26 years$1,472$1,108$823$604$438$295
27 years$1,402$1,043$764$552$395$261
28 years$1,337$983$710$506$356$231
29 years$1,277$927$661$464$322$205
30 years$1,221$876$616$426$291$182
31 years$1,169$828$574$391$263$161
32 years$1,120$783$536$360$238$143
33 years$1,075$742$500$331$215$127
34 years$1,032$703$467$304$195$112
35 years$991$667$437$280$177$100
36 years$953$633$409$258$160$89
37 years$917$601$382$238$145$79
38 years$883$571$358$219$131$70
39 years$851$543$336$202$119$62
40 years$820$517$315$186$108$55
41 years$791$492$295$172$98$49
42 years$764$468$277$159$89$44
43 years$738$446$260$146$81$39
44 years$713$425$244$135$73$34
45 years$689$406$229$125$67$31
46 years$667$387$215$115$60$27
47 years$645$369$202$107$55$24
48 years$624$353$190$98$50$22
49 years$605$337$178$91$45$19
50 years$586$322$168$84$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $600,000, adding $4,576 every year, while hoping to spend $27,771 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: 75/5/20 Blend
41$600,000$600,000$600,000$600,000
42$665,920$634,120$624,820$712,389
43$704,296$635,644$616,203$745,340
44$745,655$636,312$606,367$777,605
45$790,273$636,052$595,242$812,251
46$838,452$634,789$582,753$849,508
47$890,523$632,443$568,824$889,630
48$946,852$628,928$553,376$932,898
49$1,007,839$624,154$536,322$979,622
50$1,073,926$618,025$517,576$1,030,143
51$1,145,597$610,439$497,046$1,084,837
52$1,223,387$601,289$474,635$1,144,119
53$1,307,880$590,460$450,243$1,208,448
54$1,399,722$577,831$423,765$1,278,329
55$1,499,623$563,274$395,090$1,354,319
56$1,608,363$546,653$364,105$1,437,032
57$1,726,802$527,825$330,688$1,527,146
58$1,855,885$506,637$294,715$1,625,410
59$1,996,652$482,930$256,055$1,732,646
60$2,150,249$456,531$214,571$1,849,765
61$2,317,935$427,263$170,120$1,977,770
62$2,501,099$394,933$122,554$2,117,767
63$2,701,268$359,341$71,716$2,270,975
64$2,920,123$320,275$17,445$2,438,740
65$3,159,517$277,509$0$2,622,546
66$3,421,487$230,807$0$2,832,665
67$3,708,278$179,916$0$3,066,799
68$4,022,363$124,572$0$3,323,251
69$4,366,464$64,496$0$3,604,254
70$4,743,578$0$0$3,912,272
71$5,157,007$0$0$4,250,049
72$5,610,388$0$0$4,624,384
73$6,107,726$0$0$5,035,037
74$6,653,433$0$0$5,485,654
75$7,252,367$0$0$5,980,251
76$7,909,882$0$0$6,523,251
77$8,631,872$0$0$7,119,527
78$9,424,834$0$0$7,774,446
79$10,295,923$0$0$8,493,923
80$11,253,019$0$0$9,284,470
81$12,304,807$0$0$10,153,264
82$13,460,853$0$0$11,108,211
83$14,731,696$0$0$12,158,021
84$16,128,946$0$0$13,312,290
85$17,665,397$0$0$14,581,591
86$19,355,141$0$0$15,977,570
87$21,213,707$0$0$17,513,063
88$23,258,204$0$0$19,202,207
89$25,507,482$0$0$21,060,583
90$27,982,309$0$0$23,105,355
91$30,705,570$0$0$25,355,437
92$33,702,480$0$0$27,831,667
93$37,000,820$0$0$30,557,007
94$40,631,202$0$0$33,556,756
95$44,627,357$0$0$36,858,793
96$49,026,450$0$0$40,493,833
97$53,869,435$0$0$44,495,725
98$59,201,436$0$0$48,901,761
99$65,072,176$0$0$53,753,039
100$71,536,447$0$0$59,094,842