Can I retire at age 42 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$37,161$36,830$36,507$36,191$35,884$34,988
2 years$18,396$18,054$17,722$17,400$17,087$16,191
3 years$12,142$11,798$11,467$11,148$10,841$9,971
4 years$9,016$8,673$8,345$8,032$7,732$6,896
5 years$7,141$6,800$6,476$6,169$5,878$5,077
6 years$5,891$5,552$5,234$4,933$4,651$3,887
7 years$4,999$4,663$4,349$4,056$3,782$3,056
8 years$4,330$3,997$3,688$3,403$3,138$2,448
9 years$3,810$3,480$3,177$2,898$2,642$1,989
10 years$3,394$3,068$2,770$2,498$2,252$1,633
11 years$3,054$2,731$2,438$2,174$1,936$1,352
12 years$2,771$2,451$2,164$1,907$1,678$1,127
13 years$2,531$2,215$1,933$1,684$1,463$945
14 years$2,326$2,013$1,737$1,495$1,283$795
15 years$2,149$1,839$1,568$1,333$1,129$672
16 years$1,994$1,688$1,422$1,193$998$569
17 years$1,857$1,554$1,294$1,072$885$483
18 years$1,735$1,436$1,181$966$787$412
19 years$1,627$1,331$1,081$873$701$351
20 years$1,529$1,237$992$791$627$300
21 years$1,441$1,152$913$718$561$256
22 years$1,361$1,075$841$653$503$219
23 years$1,288$1,006$777$594$451$188
24 years$1,222$942$718$542$405$161
25 years$1,160$884$665$495$365$138
26 years$1,104$831$617$453$329$119
27 years$1,051$782$573$414$296$102
28 years$1,003$737$533$380$267$88
29 years$958$695$496$348$241$75
30 years$916$657$462$319$218$65
31 years$877$621$430$293$197$56
32 years$840$587$402$270$178$48
33 years$806$556$375$248$161$41
34 years$774$527$350$228$146$35
35 years$743$500$328$210$132$30
36 years$715$475$306$193$120$26
37 years$688$451$287$178$109$23
38 years$662$428$269$164$99$19
39 years$638$407$252$151$89$17
40 years$615$388$236$140$81$14
41 years$594$369$221$129$74$12
42 years$573$351$207$119$67$11
43 years$553$335$195$110$61$9
44 years$535$319$183$101$55$8
45 years$517$304$172$94$50$7
46 years$500$290$161$86$45$6
47 years$484$277$151$80$41$5
48 years$468$264$142$74$37$4
49 years$454$253$134$68$34$4
50 years$439$241$126$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $450,000, adding $6,802 every year, while hoping to spend $25,781 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: 36/41/23 Blend
41$450,000$450,000$450,000$450,000
42$502,916$479,066$472,091$517,324
43$526,783$475,110$460,476$524,552
44$552,220$470,095$447,607$529,484
45$579,360$463,944$433,415$534,289
46$608,349$456,572$417,829$538,974
47$639,347$447,890$400,773$543,544
48$672,529$437,804$382,167$548,010
49$708,086$426,216$361,928$552,387
50$746,228$413,018$339,971$556,690
51$787,188$398,101$316,204$560,944
52$831,219$381,345$290,534$565,175
53$878,598$362,626$262,862$569,416
54$929,632$341,811$233,085$573,708
55$984,655$318,761$201,094$578,097
56$1,044,038$293,328$166,779$582,641
57$1,108,184$265,356$130,020$587,404
58$1,177,540$234,679$90,697$592,464
59$1,252,593$201,123$48,680$597,908
60$1,333,883$164,503$3,836$603,839
61$1,422,001$124,625$0$610,376
62$1,517,597$81,283$0$628,456
63$1,621,385$34,260$0$649,137
64$1,734,154$0$0$671,690
65$1,856,767$0$0$703,877
66$1,990,178$0$0$755,772
67$2,135,433$0$0$812,334
68$2,293,685$0$0$874,018
69$2,466,203$0$0$941,327
70$2,654,382$0$0$1,014,814
71$2,859,759$0$0$1,095,087
72$3,084,025$0$0$1,182,816
73$3,329,043$0$0$1,278,738
74$3,596,862$0$0$1,383,665
75$3,889,738$0$0$1,498,492
76$4,210,156$0$0$1,624,202
77$4,560,853$0$0$1,761,880
78$4,944,840$0$0$1,912,719
79$5,365,436$0$0$2,078,034
80$5,826,293$0$0$2,259,273
81$6,331,436$0$0$2,458,031
82$6,885,295$0$0$2,676,064
83$7,492,752$0$0$2,915,307
84$8,159,181$0$0$3,177,891
85$8,890,505$0$0$3,466,162
86$9,693,245$0$0$3,782,708
87$10,574,586$0$0$4,130,375
88$11,542,441$0$0$4,512,302
89$12,605,528$0$0$4,931,946
90$13,773,452$0$0$5,393,114
91$15,056,793$0$0$5,900,001
92$16,467,205$0$0$6,457,230
93$18,017,530$0$0$7,069,892
94$19,721,914$0$0$7,743,598
95$21,595,943$0$0$8,484,527
96$23,656,788$0$0$9,299,491
97$25,923,368$0$0$10,195,991
98$28,416,528$0$0$11,182,295
99$31,159,232$0$0$12,267,511
100$34,176,786$0$0$13,461,674