Can I retire at age 42 with 380,000?

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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$31,380$31,101$30,828$30,562$30,302$29,426
2 years$15,535$15,245$14,965$14,693$14,429$13,554
3 years$10,254$9,963$9,683$9,414$9,155$8,307
4 years$7,614$7,324$7,047$6,782$6,529$5,716
5 years$6,030$5,742$5,469$5,209$4,963$4,187
6 years$4,975$4,689$4,420$4,166$3,927$3,188
7 years$4,221$3,938$3,673$3,425$3,194$2,492
8 years$3,656$3,375$3,115$2,873$2,650$1,985
9 years$3,217$2,939$2,683$2,447$2,231$1,602
10 years$2,866$2,590$2,339$2,110$1,901$1,308
11 years$2,579$2,306$2,059$1,836$1,635$1,076
12 years$2,340$2,070$1,827$1,610$1,417$891
13 years$2,138$1,871$1,633$1,422$1,236$742
14 years$1,964$1,700$1,467$1,262$1,083$620
15 years$1,815$1,553$1,324$1,126$954$520
16 years$1,684$1,425$1,201$1,008$843$438
17 years$1,568$1,312$1,093$906$747$369
18 years$1,466$1,213$997$816$665$312
19 years$1,374$1,124$913$737$592$264
20 years$1,291$1,044$838$668$529$224
21 years$1,217$973$771$606$473$190
22 years$1,149$908$710$551$424$161
23 years$1,088$849$656$502$381$137
24 years$1,031$796$607$458$342$116
25 years$980$747$562$418$308$99
26 years$932$702$521$382$278$84
27 years$888$661$484$350$250$72
28 years$847$622$450$321$226$61
29 years$809$587$419$294$204$52
30 years$774$555$390$270$184$45
31 years$740$524$364$248$167$38
32 years$710$496$339$228$151$32
33 years$681$470$317$209$136$28
34 years$653$445$296$193$123$24
35 years$628$422$277$177$112$20
36 years$604$401$259$163$101$17
37 years$581$381$242$150$92$15
38 years$559$362$227$139$83$13
39 years$539$344$213$128$75$11
40 years$520$327$199$118$68$9
41 years$501$312$187$109$62$8
42 years$484$297$175$100$56$7
43 years$467$283$164$93$51$6
44 years$451$269$154$86$46$5
45 years$436$257$145$79$42$4
46 years$422$245$136$73$38$4
47 years$409$234$128$67$35$3
48 years$395$223$120$62$32$3
49 years$383$213$113$58$29$2
50 years$371$204$106$53$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $380,000, adding $4,298 every year, while hoping to spend $26,238 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: 65/22/13 Blend
41$380,000$380,000$380,000$380,000
42$423,193$403,053$397,163$449,150
43$438,442$394,886$382,551$458,859
44$454,367$385,439$366,570$466,010
45$471,009$374,622$349,147$473,167
46$488,412$362,339$330,204$480,330
47$506,626$348,490$309,662$487,499
48$525,702$332,966$287,436$494,676
49$545,697$315,654$263,438$501,862
50$566,672$296,435$237,577$509,063
51$588,694$275,182$209,757$516,284
52$611,835$251,761$179,879$523,532
53$636,175$226,029$147,837$530,817
54$661,797$197,837$113,522$538,152
55$688,796$167,027$76,821$545,551
56$717,273$133,431$37,614$553,032
57$747,339$96,873$0$560,618
58$779,114$57,166$0$568,920
59$812,730$14,113$0$582,989
60$848,330$0$0$597,657
61$886,071$0$0$620,851
62$926,125$0$0$649,106
63$968,680$0$0$679,138
64$1,013,939$0$0$711,094
65$1,062,129$0$0$745,134
66$1,113,494$0$0$781,433
67$1,168,304$0$0$820,184
68$1,226,853$0$0$861,598
69$1,289,465$0$0$905,905
70$1,356,493$0$0$953,358
71$1,428,327$0$0$1,004,237
72$1,505,393$0$0$1,058,844
73$1,588,157$0$0$1,117,515
74$1,677,133$0$0$1,180,616
75$1,772,885$0$0$1,248,551
76$1,876,032$0$0$1,321,761
77$1,987,252$0$0$1,400,734
78$2,107,292$0$0$1,486,003
79$2,236,972$0$0$1,578,154
80$2,377,195$0$0$1,677,833
81$2,528,949$0$0$1,785,749
82$2,693,325$0$0$1,902,681
83$2,871,519$0$0$2,029,485
84$3,064,849$0$0$2,167,105
85$3,274,762$0$0$2,316,576
86$3,502,851$0$0$2,479,038
87$3,750,868$0$0$2,655,746
88$4,020,741$0$0$2,848,079
89$4,314,591$0$0$3,057,556
90$4,634,750$0$0$3,285,848
91$4,983,788$0$0$3,534,792
92$5,364,531$0$0$3,806,413
93$5,780,091$0$0$4,102,938
94$6,233,891$0$0$4,426,819
95$6,729,703$0$0$4,780,755
96$7,271,675$0$0$5,167,719
97$7,864,379$0$0$5,590,981
98$8,512,844$0$0$6,054,145
99$9,222,612$0$0$6,561,178
100$9,999,781$0$0$7,116,448