Can I retire at age 42 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$50,373$49,925$49,487$49,059$48,642$47,975
2 years$24,937$24,473$24,023$23,586$23,163$22,492
3 years$16,460$15,993$15,544$15,112$14,696$14,041
4 years$12,222$11,757$11,312$10,887$10,481$9,849
5 years$9,680$9,217$8,779$8,363$7,967$7,359
6 years$7,985$7,527$7,095$6,688$6,304$5,721
7 years$6,776$6,321$5,896$5,498$5,127$4,568
8 years$5,869$5,418$5,000$4,612$4,253$3,720
9 years$5,164$4,718$4,306$3,929$3,582$3,073
10 years$4,600$4,158$3,754$3,387$3,052$2,567
11 years$4,140$3,702$3,305$2,947$2,625$2,163
12 years$3,756$3,323$2,933$2,585$2,275$1,836
13 years$3,431$3,003$2,621$2,282$1,984$1,568
14 years$3,153$2,729$2,355$2,026$1,739$1,345
15 years$2,913$2,493$2,126$1,807$1,531$1,158
16 years$2,703$2,288$1,928$1,618$1,353$1,001
17 years$2,517$2,107$1,754$1,454$1,200$868
18 years$2,353$1,947$1,601$1,310$1,067$754
19 years$2,205$1,804$1,466$1,184$951$656
20 years$2,073$1,677$1,345$1,072$849$572
21 years$1,954$1,562$1,237$973$760$500
22 years$1,845$1,458$1,140$885$681$437
23 years$1,746$1,363$1,053$806$612$383
24 years$1,656$1,277$974$735$550$335
25 years$1,573$1,199$902$671$495$294
26 years$1,496$1,127$837$614$446$258
27 years$1,425$1,060$777$562$402$227
28 years$1,360$999$722$515$362$199
29 years$1,299$943$672$472$327$175
30 years$1,242$890$626$433$296$154
31 years$1,189$841$584$398$267$136
32 years$1,139$796$544$366$242$120
33 years$1,092$754$508$336$219$105
34 years$1,049$715$475$309$198$93
35 years$1,008$678$444$285$179$82
36 years$969$643$415$262$163$72
37 years$932$611$389$242$147$63
38 years$898$581$364$223$134$56
39 years$865$552$341$205$121$49
40 years$834$525$320$189$110$44
41 years$805$500$300$175$100$38
42 years$777$476$281$161$90$34
43 years$750$454$264$149$82$30
44 years$725$433$248$137$75$26
45 years$701$412$233$127$68$23
46 years$678$394$218$117$61$20
47 years$656$376$205$108$56$18
48 years$635$358$193$100$51$16
49 years$615$342$181$93$46$14
50 years$596$327$170$86$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $610,000, adding $2,312 every year, while hoping to spend $46,772 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: 50/21/29 Blend
41$610,000$610,000$610,000$610,000
42$674,605$642,275$632,820$702,690
43$693,649$623,981$604,254$704,295
44$713,069$603,224$573,164$701,216
45$732,853$579,832$539,415$696,964
46$752,986$553,626$502,868$691,449
47$773,452$524,416$463,376$684,577
48$794,232$492,000$420,787$676,247
49$815,300$456,165$374,940$666,351
50$836,630$416,685$325,669$654,773
51$858,187$373,324$272,800$641,391
52$879,934$325,828$216,151$626,075
53$901,827$273,934$155,531$608,685
54$923,815$217,358$90,744$589,071
55$945,841$155,806$21,581$567,076
56$967,839$88,963$0$542,528
57$989,736$16,499$0$531,409
58$1,011,445$0$0$525,539
59$1,032,873$0$0$532,412
60$1,053,912$0$0$542,848
61$1,074,441$0$0$552,967
62$1,094,324$0$0$562,693
63$1,113,409$0$0$571,940
64$1,131,527$0$0$580,614
65$1,148,485$0$0$588,608
66$1,164,072$0$0$595,804
67$1,178,050$0$0$602,069
68$1,190,153$0$0$607,256
69$1,200,087$0$0$611,202
70$1,207,524$0$0$613,723
71$1,212,097$0$0$614,617
72$1,213,401$0$0$613,658
73$1,210,985$0$0$610,597
74$1,204,348$0$0$605,155
75$1,192,933$0$0$597,024
76$1,176,125$0$0$585,864
77$1,153,241$0$0$571,296
78$1,123,522$0$0$552,901
79$1,086,131$0$0$530,214
80$1,040,138$0$0$502,722
81$984,515$0$0$469,857
82$918,125$0$0$430,989
83$839,708$0$0$385,422
84$747,873$0$0$332,387
85$641,079$0$0$271,033
86$517,626$0$0$200,421
87$375,632$0$0$119,512
88$213,019$0$0$27,157
89$27,490$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0