Can I retire at age 42 with 370,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$30,554$30,282$30,017$29,757$29,504$28,826
2 years$15,126$14,844$14,571$14,306$14,050$13,370
3 years$9,984$9,701$9,428$9,166$8,914$8,254
4 years$7,413$7,131$6,862$6,604$6,357$5,723
5 years$5,871$5,591$5,325$5,072$4,833$4,225
6 years$4,844$4,565$4,303$4,056$3,824$3,244
7 years$4,110$3,834$3,576$3,335$3,110$2,557
8 years$3,560$3,286$3,033$2,798$2,580$2,054
9 years$3,132$2,861$2,612$2,383$2,173$1,674
10 years$2,790$2,522$2,277$2,054$1,851$1,379
11 years$2,511$2,245$2,005$1,788$1,592$1,145
12 years$2,278$2,015$1,779$1,568$1,380$958
13 years$2,081$1,821$1,590$1,384$1,203$805
14 years$1,913$1,655$1,428$1,229$1,055$680
15 years$1,767$1,512$1,290$1,096$929$577
16 years$1,639$1,388$1,169$981$821$490
17 years$1,527$1,278$1,064$882$728$418
18 years$1,427$1,181$971$795$647$357
19 years$1,338$1,094$889$718$577$306
20 years$1,258$1,017$816$650$515$262
21 years$1,185$947$751$590$461$225
22 years$1,119$884$692$537$413$193
23 years$1,059$827$639$489$371$166
24 years$1,004$775$591$446$333$143
25 years$954$727$547$407$300$123
26 years$907$683$507$372$270$106
27 years$864$643$471$341$244$92
28 years$825$606$438$312$220$79
29 years$788$572$408$286$199$68
30 years$753$540$380$263$179$59
31 years$721$510$354$241$162$51
32 years$691$483$330$222$147$44
33 years$663$457$308$204$133$38
34 years$636$433$288$188$120$33
35 years$611$411$269$173$109$28
36 years$588$390$252$159$99$24
37 years$565$371$236$147$89$21
38 years$544$352$221$135$81$18
39 years$525$335$207$125$73$16
40 years$506$319$194$115$67$14
41 years$488$303$182$106$60$12
42 years$471$289$171$98$55$10
43 years$455$275$160$90$50$9
44 years$440$262$150$83$45$8
45 years$425$250$141$77$41$7
46 years$411$239$133$71$37$6
47 years$398$228$124$66$34$5
48 years$385$217$117$61$31$4
49 years$373$208$110$56$28$4
50 years$361$198$103$52$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $370,000, adding $2,759 every year, while hoping to spend $20,824 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: 76/15/9 Blend
41$370,000$370,000$370,000$370,000
42$410,586$390,976$385,241$440,977
43$430,309$387,977$375,990$458,361
44$451,346$384,134$365,731$474,482
45$473,809$379,382$354,409$491,557
46$497,820$373,654$341,964$509,674
47$523,515$366,880$328,337$528,928
48$551,041$358,984$313,463$549,424
49$580,559$349,887$297,276$571,281
50$612,247$339,502$279,706$594,626
51$646,300$327,742$260,680$619,602
52$682,932$314,511$240,123$646,367
53$722,378$299,709$217,954$675,094
54$764,896$283,230$194,090$705,974
55$810,769$264,961$168,446$739,220
56$860,308$244,785$140,930$775,065
57$913,856$222,576$111,447$813,767
58$971,788$198,202$79,900$855,612
59$1,034,518$171,521$46,184$900,913
60$1,102,501$142,387$10,192$950,018
61$1,176,234$110,643$0$1,003,311
62$1,256,269$76,123$0$1,063,924
63$1,343,210$38,654$0$1,130,836
64$1,437,720$0$0$1,203,595
65$1,540,533$0$0$1,283,104
66$1,652,451$0$0$1,376,614
67$1,774,360$0$0$1,478,484
68$1,907,235$0$0$1,589,530
69$2,052,148$0$0$1,710,651
70$2,210,278$0$0$1,842,835
71$2,382,926$0$0$1,987,169
72$2,571,520$0$0$2,144,850
73$2,777,635$0$0$2,317,197
74$3,003,005$0$0$2,505,661
75$3,249,536$0$0$2,711,839
76$3,519,331$0$0$2,937,492
77$3,814,703$0$0$3,184,557
78$4,138,200$0$0$3,455,166
79$4,492,626$0$0$3,751,669
80$4,881,073$0$0$4,076,655
81$5,306,942$0$0$4,432,971
82$5,773,982$0$0$4,823,758
83$6,286,320$0$0$5,252,472
84$6,848,504$0$0$5,722,920
85$7,465,542$0$0$6,239,297
86$8,142,950$0$0$6,806,222
87$8,886,805$0$0$7,428,785
88$9,703,801$0$0$8,112,592
89$10,601,313$0$0$8,863,819
90$11,587,464$0$0$9,689,268
91$12,671,205$0$0$10,596,435
92$13,862,395$0$0$11,593,578
93$15,171,895$0$0$12,689,793
94$16,611,675$0$0$13,895,102
95$18,194,917$0$0$15,220,548
96$19,936,150$0$0$16,678,296
97$21,851,376$0$0$18,281,749
98$23,958,230$0$0$20,045,677
99$26,276,141$0$0$21,986,349
100$28,826,515$0$0$24,121,694