Can I retire at age 42 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$37,986$37,648$37,318$36,996$36,681$35,985
2 years$18,805$18,455$18,115$17,786$17,467$16,768
3 years$12,412$12,060$11,722$11,396$11,082$10,402
4 years$9,216$8,866$8,531$8,210$7,904$7,249
5 years$7,299$6,951$6,620$6,306$6,008$5,380
6 years$6,022$5,676$5,350$5,043$4,754$4,152
7 years$5,110$4,767$4,446$4,146$3,866$3,292
8 years$4,426$4,086$3,770$3,478$3,208$2,660
9 years$3,894$3,557$3,247$2,963$2,701$2,181
10 years$3,469$3,136$2,831$2,554$2,302$1,807
11 years$3,122$2,792$2,493$2,223$1,979$1,511
12 years$2,832$2,506$2,212$1,949$1,715$1,272
13 years$2,588$2,264$1,976$1,721$1,496$1,077
14 years$2,378$2,058$1,776$1,528$1,311$915
15 years$2,197$1,880$1,603$1,363$1,154$781
16 years$2,038$1,725$1,454$1,220$1,020$669
17 years$1,898$1,589$1,323$1,096$905$575
18 years$1,774$1,468$1,207$988$804$495
19 years$1,663$1,361$1,105$893$717$426
20 years$1,563$1,264$1,014$808$640$368
21 years$1,473$1,178$933$734$573$319
22 years$1,391$1,099$860$667$514$276
23 years$1,317$1,028$794$608$461$239
24 years$1,249$963$734$554$414$207
25 years$1,186$904$680$506$373$180
26 years$1,128$850$631$463$336$156
27 years$1,075$800$586$424$303$136
28 years$1,025$753$545$388$273$118
29 years$979$711$507$356$247$103
30 years$936$671$472$327$223$90
31 years$896$635$440$300$202$78
32 years$859$600$411$276$182$68
33 years$824$569$383$253$165$59
34 years$791$539$358$233$149$52
35 years$760$511$335$215$135$45
36 years$731$485$313$198$123$39
37 years$703$461$293$182$111$34
38 years$677$438$275$168$101$30
39 years$652$416$257$155$91$26
40 years$629$396$241$143$83$23
41 years$607$377$226$132$75$20
42 years$586$359$212$122$68$17
43 years$566$342$199$112$62$15
44 years$547$326$187$104$56$13
45 years$528$311$175$96$51$11
46 years$511$297$165$88$46$10
47 years$495$283$155$82$42$9
48 years$479$270$145$75$38$8
49 years$464$258$137$70$35$7
50 years$449$247$129$64$32$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $460,000, adding $3,545 every year, while hoping to spend $23,857 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: 36/34/30 Blend
41$460,000$460,000$460,000$460,000
42$510,577$486,197$479,067$524,266
43$537,272$484,637$469,732$533,247
44$565,890$482,201$459,285$540,544
45$596,603$478,820$447,663$547,971
46$629,598$474,424$434,800$555,559
47$665,080$468,934$420,630$563,340
48$703,277$462,271$405,080$571,353
49$744,436$454,347$388,074$579,642
50$788,830$445,071$369,537$588,259
51$836,759$434,348$349,384$597,264
52$888,552$422,074$327,532$606,723
53$944,571$408,142$303,891$616,715
54$1,005,213$392,437$278,367$627,327
55$1,070,916$374,838$250,864$638,660
56$1,142,161$355,217$221,279$650,827
57$1,219,476$333,437$189,507$663,956
58$1,303,443$309,356$155,436$678,193
59$1,394,701$282,821$118,950$693,702
60$1,493,955$253,673$79,928$710,667
61$1,601,977$221,742$38,245$729,295
62$1,719,621$186,849$0$749,820
63$1,847,822$148,805$0$774,501
64$1,987,614$107,410$0$814,828
65$2,140,130$62,453$0$858,922
66$2,306,622$13,712$0$907,198
67$2,488,463$0$0$960,118
68$2,687,169$0$0$1,032,803
69$2,904,408$0$0$1,117,938
70$3,142,013$0$0$1,211,121
71$3,402,007$0$0$1,313,151
72$3,686,615$0$0$1,424,911
73$3,998,288$0$0$1,547,372
74$4,339,723$0$0$1,681,603
75$4,713,894$0$0$1,828,783
76$5,124,073$0$0$1,990,208
77$5,573,866$0$0$2,167,307
78$6,067,242$0$0$2,361,654
79$6,608,574$0$0$2,574,984
80$7,202,681$0$0$2,809,205
81$7,854,867$0$0$3,066,420
82$8,570,979$0$0$3,348,948
83$9,357,453$0$0$3,659,342
84$10,221,383$0$0$4,000,412
85$11,170,582$0$0$4,375,258
86$12,213,659$0$0$4,787,293
87$13,360,094$0$0$5,240,276
88$14,620,337$0$0$5,738,351
89$16,005,895$0$0$6,286,083
90$17,529,451$0$0$6,888,499
91$19,204,975$0$0$7,551,140
92$21,047,858$0$0$8,280,112
93$23,075,062$0$0$9,082,139
94$25,305,269$0$0$9,964,633
95$27,759,070$0$0$10,935,758
96$30,459,147$0$0$12,004,513
97$33,430,495$0$0$13,180,810
98$36,700,652$0$0$14,475,572
99$40,299,963$0$0$15,900,835
100$44,261,862$0$0$17,469,861