Can I retire at age 42 with 390,000?

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 $390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$32,206$31,919$31,639$31,366$31,099$30,736
2 years$15,943$15,647$15,359$15,080$14,809$14,444
3 years$10,523$10,225$9,938$9,662$9,396$9,039
4 years$7,814$7,517$7,232$6,961$6,701$6,356
5 years$6,189$5,893$5,613$5,347$5,094$4,762
6 years$5,105$4,812$4,536$4,276$4,031$3,712
7 years$4,332$4,041$3,769$3,515$3,278$2,972
8 years$3,752$3,464$3,197$2,949$2,719$2,427
9 years$3,302$3,016$2,753$2,512$2,290$2,011
10 years$2,941$2,659$2,400$2,165$1,951$1,685
11 years$2,647$2,367$2,113$1,884$1,678$1,424
12 years$2,401$2,124$1,875$1,653$1,454$1,213
13 years$2,194$1,920$1,676$1,459$1,268$1,039
14 years$2,016$1,745$1,506$1,295$1,112$894
15 years$1,862$1,594$1,359$1,155$979$773
16 years$1,728$1,463$1,232$1,034$865$670
17 years$1,609$1,347$1,121$929$767$583
18 years$1,504$1,245$1,024$838$682$508
19 years$1,410$1,154$937$757$608$444
20 years$1,325$1,072$860$685$543$389
21 years$1,249$998$791$622$486$341
22 years$1,180$932$729$566$436$299
23 years$1,117$872$673$515$391$263
24 years$1,059$817$623$470$351$231
25 years$1,005$766$577$429$316$204
26 years$956$720$535$392$285$180
27 years$911$678$497$359$257$158
28 years$869$639$462$329$232$140
29 years$830$603$430$302$209$123
30 years$794$569$400$277$189$109
31 years$760$538$373$254$171$96
32 years$728$509$348$234$155$85
33 years$698$482$325$215$140$75
34 years$670$457$304$198$127$67
35 years$644$433$284$182$115$59
36 years$619$411$266$168$104$52
37 years$596$391$249$154$94$46
38 years$574$371$233$142$85$41
39 years$553$353$218$131$77$36
40 years$533$336$204$121$70$32
41 years$514$320$192$112$64$28
42 years$497$305$180$103$58$25
43 years$480$290$169$95$52$22
44 years$463$277$158$88$48$20
45 years$448$264$149$81$43$17
46 years$433$252$140$75$39$16
47 years$419$240$131$69$36$14
48 years$406$229$123$64$32$12
49 years$393$219$116$59$29$11
50 years$381$209$109$55$27$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $390,000, adding $4,035 every year, while hoping to spend $27,222 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: 35/39/26 Blend
41$390,000$390,000$390,000$390,000
42$433,942$413,272$407,227$445,607
43$449,240$404,558$391,905$445,929
44$465,186$394,505$375,158$443,525
45$481,818$383,019$356,908$440,396
46$499,175$369,998$337,076$436,497
47$517,301$355,339$315,579$431,778
48$536,244$338,928$292,328$426,188
49$556,053$320,648$267,233$419,674
50$576,783$300,373$240,199$412,180
51$598,495$277,970$211,125$403,649
52$621,252$253,301$179,908$394,020
53$645,124$226,217$146,439$383,230
54$670,186$196,562$110,605$371,215
55$696,522$164,170$72,287$357,906
56$724,220$128,868$31,362$343,234
57$753,378$90,470$0$327,125
58$784,102$48,782$0$312,922
59$816,507$3,599$0$306,637
60$850,719$0$0$299,522
61$886,874$0$0$310,973
62$925,123$0$0$324,746
63$965,628$0$0$339,358
64$1,008,568$0$0$354,878
65$1,054,139$0$0$371,380
66$1,102,552$0$0$388,944
67$1,154,042$0$0$407,660
68$1,208,863$0$0$427,625
69$1,267,295$0$0$448,945
70$1,329,644$0$0$471,737
71$1,396,244$0$0$496,130
72$1,467,463$0$0$522,264
73$1,543,704$0$0$550,292
74$1,625,408$0$0$580,384
75$1,713,059$0$0$612,725
76$1,807,190$0$0$647,520
77$1,908,382$0$0$684,990
78$2,017,278$0$0$725,382
79$2,134,580$0$0$768,966
80$2,261,059$0$0$816,037
81$2,397,566$0$0$866,922
82$2,545,031$0$0$921,978
83$2,704,480$0$0$981,599
84$2,877,037$0$0$1,046,217
85$3,063,942$0$0$1,116,307
86$3,266,555$0$0$1,192,393
87$3,486,371$0$0$1,275,049
88$3,725,038$0$0$1,364,909
89$3,984,366$0$0$1,462,669
90$4,266,345$0$0$1,569,094
91$4,573,166$0$0$1,685,027
92$4,907,240$0$0$1,811,396
93$5,271,220$0$0$1,949,221
94$5,668,024$0$0$2,099,626
95$6,100,864$0$0$2,263,847
96$6,573,278$0$0$2,443,245
97$7,089,157$0$0$2,639,320
98$7,652,786$0$0$2,853,720
99$8,268,881$0$0$3,088,262
100$8,942,637$0$0$3,344,947