Can I retire at age 42 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$38,812$38,466$38,129$37,800$37,478$36,366
2 years$19,214$18,856$18,509$18,173$17,847$16,735
3 years$12,682$12,323$11,977$11,644$11,323$10,247
4 years$9,417$9,058$8,716$8,389$8,076$7,044
5 years$7,458$7,102$6,764$6,443$6,139$5,154
6 years$6,153$5,799$5,466$5,153$4,857$3,920
7 years$5,221$4,870$4,543$4,236$3,950$3,061
8 years$4,522$4,175$3,852$3,554$3,277$2,435
9 years$3,979$3,635$3,318$3,027$2,760$1,963
10 years$3,545$3,204$2,893$2,609$2,352$1,600
11 years$3,190$2,852$2,547$2,271$2,022$1,315
12 years$2,894$2,560$2,260$1,992$1,753$1,087
13 years$2,644$2,314$2,019$1,759$1,528$904
14 years$2,430$2,103$1,814$1,561$1,340$755
15 years$2,244$1,921$1,638$1,392$1,180$632
16 years$2,082$1,763$1,485$1,247$1,043$531
17 years$1,939$1,623$1,351$1,120$924$447
18 years$1,813$1,500$1,234$1,009$822$377
19 years$1,699$1,390$1,129$912$733$319
20 years$1,597$1,292$1,037$826$654$270
21 years$1,505$1,203$953$750$586$229
22 years$1,422$1,123$879$682$525$194
23 years$1,346$1,050$811$621$471$164
24 years$1,276$984$750$566$423$140
25 years$1,212$924$695$517$381$119
26 years$1,153$868$645$473$343$101
27 years$1,098$817$599$433$309$86
28 years$1,048$770$556$396$279$73
29 years$1,001$726$518$364$252$62
30 years$957$686$482$334$228$53
31 years$916$648$450$306$206$45
32 years$878$613$420$282$186$38
33 years$842$581$392$259$169$33
34 years$808$551$366$238$153$28
35 years$776$522$342$219$138$24
36 years$746$496$320$202$125$20
37 years$718$471$300$186$114$17
38 years$692$447$281$172$103$15
39 years$666$425$263$158$93$13
40 years$643$405$246$146$85$11
41 years$620$385$231$135$77$9
42 years$598$367$217$124$70$8
43 years$578$350$203$115$63$7
44 years$558$333$191$106$57$6
45 years$540$318$179$98$52$5
46 years$522$303$168$90$47$4
47 years$505$289$158$83$43$3
48 years$489$276$149$77$39$3
49 years$474$264$140$71$35$3
50 years$459$252$131$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $470,000, adding $5,790 every year, while hoping to spend $32,803 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: 29/50/21 Blend
41$470,000$470,000$470,000$470,000
42$523,912$499,002$491,717$535,514
43$542,449$488,551$473,288$534,454
44$561,778$476,489$453,141$529,999
45$581,943$462,701$431,186$524,516
46$602,996$447,068$407,325$517,938
47$624,990$429,463$381,459$510,192
48$647,982$409,750$353,481$501,204
49$672,036$387,787$323,282$490,896
50$697,219$363,424$290,747$479,185
51$723,604$336,501$255,757$465,986
52$751,272$306,849$218,185$451,208
53$780,309$274,292$177,901$434,757
54$810,808$238,640$134,768$416,534
55$842,872$199,695$88,644$396,438
56$876,611$157,246$39,380$374,362
57$912,146$111,072$0$350,193
58$949,608$60,938$0$326,772
59$989,141$6,597$0$310,631
60$1,030,901$0$0$292,850
61$1,075,057$0$0$302,064
62$1,121,796$0$0$315,694
63$1,171,320$0$0$330,172
64$1,223,852$0$0$345,569
65$1,279,633$0$0$361,961
66$1,338,929$0$0$379,431
67$1,402,029$0$0$398,070
68$1,469,251$0$0$417,978
69$1,540,942$0$0$439,264
70$1,617,484$0$0$462,050
71$1,699,293$0$0$486,466
72$1,786,826$0$0$512,657
73$1,880,585$0$0$540,782
74$1,981,120$0$0$571,014
75$2,089,034$0$0$603,545
76$2,204,989$0$0$638,584
77$2,329,712$0$0$676,361
78$2,464,001$0$0$717,130
79$2,608,733$0$0$761,168
80$2,764,869$0$0$808,781
81$2,933,467$0$0$860,305
82$3,115,690$0$0$916,109
83$3,312,814$0$0$976,599
84$3,526,244$0$0$1,042,220
85$3,757,522$0$0$1,113,464
86$4,008,346$0$0$1,190,870
87$4,280,583$0$0$1,275,033
88$4,576,284$0$0$1,366,605
89$4,897,708$0$0$1,466,305
90$5,247,338$0$0$1,574,925
91$5,627,907$0$0$1,693,334
92$6,042,423$0$0$1,822,490
93$6,494,194$0$0$1,963,447
94$6,986,863$0$0$2,117,367
95$7,524,436$0$0$2,285,527
96$8,111,327$0$0$2,469,333
97$8,752,392$0$0$2,670,334
98$9,452,978$0$0$2,890,234
99$10,218,970$0$0$3,130,911
100$11,056,849$0$0$3,394,433