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%16.1%
1 years$37,986$37,648$37,318$36,996$36,681$35,765
2 years$18,805$18,455$18,115$17,786$17,467$16,550
3 years$12,412$12,060$11,722$11,396$11,082$10,193
4 years$9,216$8,866$8,531$8,210$7,904$7,049
5 years$7,299$6,951$6,620$6,306$6,008$5,190
6 years$6,022$5,676$5,350$5,043$4,754$3,974
7 years$5,110$4,767$4,446$4,146$3,866$3,124
8 years$4,426$4,086$3,770$3,478$3,208$2,502
9 years$3,894$3,557$3,247$2,963$2,701$2,033
10 years$3,469$3,136$2,831$2,554$2,302$1,669
11 years$3,122$2,792$2,493$2,223$1,979$1,382
12 years$2,832$2,506$2,212$1,949$1,715$1,152
13 years$2,588$2,264$1,976$1,721$1,496$966
14 years$2,378$2,058$1,776$1,528$1,311$813
15 years$2,197$1,880$1,603$1,363$1,154$687
16 years$2,038$1,725$1,454$1,220$1,020$582
17 years$1,898$1,589$1,323$1,096$905$494
18 years$1,774$1,468$1,207$988$804$421
19 years$1,663$1,361$1,105$893$717$359
20 years$1,563$1,264$1,014$808$640$306
21 years$1,473$1,178$933$734$573$262
22 years$1,391$1,099$860$667$514$224
23 years$1,317$1,028$794$608$461$192
24 years$1,249$963$734$554$414$165
25 years$1,186$904$680$506$373$141
26 years$1,128$850$631$463$336$121
27 years$1,075$800$586$424$303$104
28 years$1,025$753$545$388$273$89
29 years$979$711$507$356$247$77
30 years$936$671$472$327$223$66
31 years$896$635$440$300$202$57
32 years$859$600$411$276$182$49
33 years$824$569$383$253$165$42
34 years$791$539$358$233$149$36
35 years$760$511$335$215$135$31
36 years$731$485$313$198$123$27
37 years$703$461$293$182$111$23
38 years$677$438$275$168$101$20
39 years$652$416$257$155$91$17
40 years$629$396$241$143$83$15
41 years$607$377$226$132$75$13
42 years$586$359$212$122$68$11
43 years$566$342$199$112$62$9
44 years$547$326$187$104$56$8
45 years$528$311$175$96$51$7
46 years$511$297$165$88$46$6
47 years$495$283$155$82$42$5
48 years$479$270$145$75$38$4
49 years$464$258$137$70$35$4
50 years$449$247$129$64$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $460,000, adding $3,800 every year, while hoping to spend $32,950 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: 64/21/15 Blend
41$460,000$460,000$460,000$460,000
42$510,840$486,460$479,330$541,439
43$527,887$475,238$460,329$551,186
44$545,568$462,361$439,587$557,694
45$563,914$447,715$417,011$563,998
46$582,957$431,176$392,504$570,080
47$602,729$412,615$365,964$575,920
48$623,268$391,894$337,284$581,496
49$644,613$368,867$306,354$586,786
50$666,804$343,383$273,058$591,769
51$689,887$315,278$237,274$596,421
52$713,909$284,380$198,877$600,718
53$738,921$250,508$157,733$604,636
54$764,979$213,470$113,704$608,151
55$792,141$173,065$66,648$611,237
56$820,471$129,077$16,412$613,869
57$850,039$81,281$0$616,022
58$880,917$29,438$0$623,623
59$913,187$0$0$633,884
60$946,934$0$0$650,348
61$982,253$0$0$674,706
62$1,019,243$0$0$700,226
63$1,058,017$0$0$726,985
64$1,098,691$0$0$755,067
65$1,141,397$0$0$784,562
66$1,186,273$0$0$815,568
67$1,233,473$0$0$848,193
68$1,283,163$0$0$882,553
69$1,335,523$0$0$918,775
70$1,390,750$0$0$956,997
71$1,449,059$0$0$997,369
72$1,510,684$0$0$1,040,057
73$1,575,880$0$0$1,085,238
74$1,644,926$0$0$1,133,110
75$1,718,127$0$0$1,183,885
76$1,795,814$0$0$1,237,798
77$1,878,352$0$0$1,295,105
78$1,966,140$0$0$1,356,086
79$2,059,611$0$0$1,421,046
80$2,159,244$0$0$1,490,321
81$2,265,561$0$0$1,564,278
82$2,379,133$0$0$1,643,321
83$2,500,587$0$0$1,727,889
84$2,630,612$0$0$1,818,468
85$2,769,961$0$0$1,915,587
86$2,919,460$0$0$2,019,828
87$3,080,018$0$0$2,131,831
88$3,252,630$0$0$2,252,297
89$3,438,389$0$0$2,381,996
90$3,638,497$0$0$2,521,772
91$3,854,272$0$0$2,672,555
92$4,087,162$0$0$2,835,366
93$4,338,759$0$0$3,011,325
94$4,610,812$0$0$3,201,664
95$4,905,244$0$0$3,407,738
96$5,224,168$0$0$3,631,036
97$5,569,908$0$0$3,873,195
98$5,945,019$0$0$4,136,016
99$6,352,311$0$0$4,421,479
100$6,794,875$0$0$4,731,763