Can I retire at age 42 with 420,000?

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 $420,000?

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$34,683$34,374$34,073$33,779$33,491$32,722
2 years$17,170$16,850$16,540$16,240$15,948$15,177
3 years$11,333$11,012$10,703$10,405$10,118$9,370
4 years$8,415$8,095$7,789$7,496$7,216$6,496
5 years$6,665$6,346$6,044$5,758$5,486$4,796
6 years$5,498$5,182$4,885$4,605$4,341$3,682
7 years$4,665$4,352$4,059$3,786$3,530$2,902
8 years$4,041$3,731$3,443$3,176$2,929$2,332
9 years$3,556$3,248$2,965$2,705$2,466$1,900
10 years$3,167$2,863$2,585$2,332$2,101$1,565
11 years$2,850$2,549$2,276$2,029$1,807$1,300
12 years$2,586$2,288$2,020$1,780$1,566$1,087
13 years$2,363$2,067$1,805$1,571$1,366$914
14 years$2,171$1,879$1,621$1,395$1,197$772
15 years$2,006$1,717$1,464$1,244$1,054$655
16 years$1,861$1,575$1,327$1,114$932$557
17 years$1,733$1,451$1,208$1,001$826$475
18 years$1,620$1,340$1,102$902$734$405
19 years$1,518$1,242$1,009$815$655$347
20 years$1,427$1,154$926$738$585$297
21 years$1,345$1,075$852$670$523$255
22 years$1,270$1,004$785$609$469$219
23 years$1,202$939$725$555$421$189
24 years$1,140$880$671$506$378$162
25 years$1,083$825$621$462$341$140
26 years$1,030$776$576$422$307$121
27 years$981$730$535$387$277$104
28 years$936$688$497$354$250$90
29 years$894$649$463$325$225$77
30 years$855$613$431$298$204$67
31 years$818$579$402$274$184$58
32 years$784$548$375$252$167$50
33 years$752$519$350$231$151$43
34 years$722$492$327$213$136$37
35 years$694$467$306$196$124$32
36 years$667$443$286$181$112$28
37 years$642$421$268$166$101$24
38 years$618$400$251$153$92$21
39 years$596$380$235$141$83$18
40 years$574$362$220$130$76$16
41 years$554$344$206$120$69$13
42 years$535$328$194$111$62$12
43 years$516$312$182$102$57$10
44 years$499$298$171$95$51$9
45 years$482$284$160$87$47$8
46 years$467$271$150$81$42$6
47 years$452$259$141$75$38$6
48 years$437$247$133$69$35$5
49 years$423$236$125$64$32$4
50 years$410$225$117$59$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $420,000, adding $3,346 every year, while hoping to spend $27,879 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: 45/50/5 Blend
41$420,000$420,000$420,000$420,000
42$466,291$444,031$437,521$486,489
43$484,190$436,126$422,515$492,829
44$502,980$426,899$406,072$496,525
45$522,723$416,255$388,114$499,875
46$543,485$404,097$368,561$502,855
47$565,340$390,316$347,327$505,441
48$588,366$374,803$324,323$507,611
49$612,649$357,439$299,458$509,339
50$638,284$338,098$272,635$510,602
51$665,373$316,648$243,752$511,376
52$694,027$292,950$212,704$511,638
53$724,368$266,856$179,380$511,365
54$756,531$238,209$143,666$510,535
55$790,660$206,843$105,442$509,128
56$826,914$172,586$64,581$507,125
57$865,467$135,251$20,953$504,508
58$906,511$94,644$0$501,262
59$950,254$50,560$0$498,743
60$996,923$2,781$0$496,858
61$1,046,769$0$0$494,491
62$1,100,067$0$0$518,568
63$1,157,117$0$0$546,010
64$1,218,249$0$0$575,449
65$1,283,824$0$0$607,064
66$1,354,238$0$0$641,051
67$1,429,929$0$0$677,625
68$1,511,372$0$0$717,021
69$1,599,094$0$0$759,500
70$1,693,671$0$0$805,345
71$1,795,736$0$0$854,871
72$1,905,985$0$0$908,421
73$2,025,183$0$0$966,373
74$2,154,170$0$0$1,029,144
75$2,293,869$0$0$1,097,188
76$2,445,297$0$0$1,171,011
77$2,609,570$0$0$1,251,163
78$2,787,917$0$0$1,338,253
79$2,981,689$0$0$1,432,950
80$3,192,371$0$0$1,535,989
81$3,421,600$0$0$1,648,180
82$3,671,173$0$0$1,770,412
83$3,943,072$0$0$1,903,668
84$4,239,472$0$0$2,049,024
85$4,562,774$0$0$2,207,670
86$4,915,615$0$0$2,380,911
87$5,300,899$0$0$2,570,186
88$5,721,826$0$0$2,777,080
89$6,181,914$0$0$3,003,336
90$6,685,040$0$0$3,250,874
91$7,235,471$0$0$3,521,809
92$7,837,905$0$0$3,818,469
93$8,497,516$0$0$4,143,417
94$9,220,003$0$0$4,499,478
95$10,011,639$0$0$4,889,759
96$10,879,334$0$0$5,317,687
97$11,830,699$0$0$5,787,031
98$12,874,117$0$0$6,301,948
99$14,018,818$0$0$6,867,012
100$15,274,973$0$0$7,487,264