Can I retire at age 42 with 370,000?

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 $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%13.6%
1 years$30,554$30,282$30,017$29,757$29,504$29,063
2 years$15,126$14,844$14,571$14,306$14,050$13,606
3 years$9,984$9,701$9,428$9,166$8,914$8,482
4 years$7,413$7,131$6,862$6,604$6,357$5,940
5 years$5,871$5,591$5,325$5,072$4,833$4,432
6 years$4,844$4,565$4,303$4,056$3,824$3,440
7 years$4,110$3,834$3,576$3,335$3,110$2,742
8 years$3,560$3,286$3,033$2,798$2,580$2,229
9 years$3,132$2,861$2,612$2,383$2,173$1,838
10 years$2,790$2,522$2,277$2,054$1,851$1,533
11 years$2,511$2,245$2,005$1,788$1,592$1,289
12 years$2,278$2,015$1,779$1,568$1,380$1,092
13 years$2,081$1,821$1,590$1,384$1,203$931
14 years$1,913$1,655$1,428$1,229$1,055$797
15 years$1,767$1,512$1,290$1,096$929$685
16 years$1,639$1,388$1,169$981$821$591
17 years$1,527$1,278$1,064$882$728$511
18 years$1,427$1,181$971$795$647$443
19 years$1,338$1,094$889$718$577$385
20 years$1,258$1,017$816$650$515$335
21 years$1,185$947$751$590$461$292
22 years$1,119$884$692$537$413$254
23 years$1,059$827$639$489$371$222
24 years$1,004$775$591$446$333$194
25 years$954$727$547$407$300$170
26 years$907$683$507$372$270$149
27 years$864$643$471$341$244$131
28 years$825$606$438$312$220$114
29 years$788$572$408$286$199$100
30 years$753$540$380$263$179$88
31 years$721$510$354$241$162$77
32 years$691$483$330$222$147$68
33 years$663$457$308$204$133$60
34 years$636$433$288$188$120$52
35 years$611$411$269$173$109$46
36 years$588$390$252$159$99$41
37 years$565$371$236$147$89$36
38 years$544$352$221$135$81$31
39 years$525$335$207$125$73$28
40 years$506$319$194$115$67$24
41 years$488$303$182$106$60$21
42 years$471$289$171$98$55$19
43 years$455$275$160$90$50$16
44 years$440$262$150$83$45$15
45 years$425$250$141$77$41$13
46 years$411$239$133$71$37$11
47 years$398$228$124$66$34$10
48 years$385$217$117$61$31$9
49 years$373$208$110$56$28$8
50 years$361$198$103$52$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $370,000, adding $5,320 every year, while hoping to spend $23,641 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: 47/24/29 Blend
41$370,000$370,000$370,000$370,000
42$413,228$393,618$387,883$428,998
43$430,223$387,751$375,723$434,806
44$448,160$380,805$362,363$438,398
45$467,108$372,701$347,739$441,846
46$487,147$363,356$331,782$445,148
47$508,360$352,685$314,420$448,305
48$530,839$340,593$295,580$451,319
49$554,686$326,984$275,184$454,196
50$580,012$311,753$253,150$456,940
51$606,935$294,792$229,393$459,563
52$635,590$275,984$203,825$462,077
53$666,120$255,207$176,353$464,498
54$698,684$232,331$146,880$466,846
55$733,454$207,220$115,305$469,147
56$770,622$179,729$81,523$471,431
57$810,395$149,706$45,424$473,735
58$853,001$116,987$6,892$476,102
59$898,692$81,404$0$478,583
60$947,742$42,776$0$491,828
61$1,000,452$913$0$508,280
62$1,057,154$0$0$525,925
63$1,118,212$0$0$556,620
64$1,184,024$0$0$589,996
65$1,255,029$0$0$626,040
66$1,331,709$0$0$665,000
67$1,414,593$0$0$707,149
68$1,504,264$0$0$752,789
69$1,601,360$0$0$802,250
70$1,706,586$0$0$855,895
71$1,820,714$0$0$914,124
72$1,944,595$0$0$977,377
73$2,079,164$0$0$1,046,137
74$2,225,450$0$0$1,120,936
75$2,384,585$0$0$1,202,359
76$2,557,815$0$0$1,291,051
77$2,746,508$0$0$1,387,720
78$2,952,174$0$0$1,493,146
79$3,176,472$0$0$1,608,188
80$3,421,228$0$0$1,733,791
81$3,688,453$0$0$1,870,994
82$3,980,361$0$0$2,020,943
83$4,299,386$0$0$2,184,899
84$4,648,213$0$0$2,364,250
85$5,029,795$0$0$2,560,524
86$5,447,383$0$0$2,775,404
87$5,904,558$0$0$3,010,744
88$6,405,264$0$0$3,268,585
89$6,953,842$0$0$3,551,173
90$7,555,076$0$0$3,860,985
91$8,214,231$0$0$4,200,747
92$8,937,110$0$0$4,573,463
93$9,730,100$0$0$4,982,438
94$10,600,239$0$0$5,431,317
95$11,555,280$0$0$5,924,113
96$12,603,760$0$0$6,465,247
97$13,755,084$0$0$7,059,588
98$15,019,615$0$0$7,712,500
99$16,408,765$0$0$8,429,893
100$17,935,109$0$0$9,218,279