Can I retire at age 42 with 470,000?

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 $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%16.1%
1 years$38,812$38,466$38,129$37,800$37,478$36,543
2 years$19,214$18,856$18,509$18,173$17,847$16,910
3 years$12,682$12,323$11,977$11,644$11,323$10,414
4 years$9,417$9,058$8,716$8,389$8,076$7,202
5 years$7,458$7,102$6,764$6,443$6,139$5,303
6 years$6,153$5,799$5,466$5,153$4,857$4,060
7 years$5,221$4,870$4,543$4,236$3,950$3,192
8 years$4,522$4,175$3,852$3,554$3,277$2,557
9 years$3,979$3,635$3,318$3,027$2,760$2,077
10 years$3,545$3,204$2,893$2,609$2,352$1,706
11 years$3,190$2,852$2,547$2,271$2,022$1,412
12 years$2,894$2,560$2,260$1,992$1,753$1,177
13 years$2,644$2,314$2,019$1,759$1,528$987
14 years$2,430$2,103$1,814$1,561$1,340$830
15 years$2,244$1,921$1,638$1,392$1,180$702
16 years$2,082$1,763$1,485$1,247$1,043$594
17 years$1,939$1,623$1,351$1,120$924$505
18 years$1,813$1,500$1,234$1,009$822$430
19 years$1,699$1,390$1,129$912$733$366
20 years$1,597$1,292$1,037$826$654$313
21 years$1,505$1,203$953$750$586$268
22 years$1,422$1,123$879$682$525$229
23 years$1,346$1,050$811$621$471$196
24 years$1,276$984$750$566$423$168
25 years$1,212$924$695$517$381$144
26 years$1,153$868$645$473$343$124
27 years$1,098$817$599$433$309$106
28 years$1,048$770$556$396$279$91
29 years$1,001$726$518$364$252$79
30 years$957$686$482$334$228$68
31 years$916$648$450$306$206$58
32 years$878$613$420$282$186$50
33 years$842$581$392$259$169$43
34 years$808$551$366$238$153$37
35 years$776$522$342$219$138$32
36 years$746$496$320$202$125$27
37 years$718$471$300$186$114$24
38 years$692$447$281$172$103$20
39 years$666$425$263$158$93$17
40 years$643$405$246$146$85$15
41 years$620$385$231$135$77$13
42 years$598$367$217$124$70$11
43 years$578$350$203$115$63$10
44 years$558$333$191$106$57$8
45 years$540$318$179$98$52$7
46 years$522$303$168$90$47$6
47 years$505$289$158$83$43$5
48 years$489$276$149$77$39$5
49 years$474$264$140$71$35$4
50 years$459$252$131$66$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $470,000, adding $4,158 every year, while hoping to spend $23,030 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: 62/17/21 Blend
41$470,000$470,000$470,000$470,000
42$522,229$497,319$490,034$551,512
43$550,993$497,184$481,946$571,648
44$581,918$496,270$472,816$590,694
45$615,202$494,516$462,584$610,964
46$651,060$491,854$451,187$632,580
47$689,728$488,215$438,562$655,676
48$731,466$483,523$424,639$680,404
49$776,560$477,700$409,349$706,928
50$825,324$470,663$392,618$735,433
51$878,103$462,321$374,366$766,120
52$935,276$452,581$354,514$799,215
53$997,261$441,344$332,977$834,967
54$1,064,515$428,504$309,665$873,652
55$1,137,543$413,949$284,487$915,573
56$1,216,901$397,560$257,345$961,068
57$1,303,198$379,214$228,140$1,010,510
58$1,397,106$358,777$196,764$1,064,311
59$1,499,363$336,109$163,108$1,122,927
60$1,610,782$311,063$127,056$1,186,862
61$1,732,259$283,482$88,490$1,256,674
62$1,864,777$253,201$47,282$1,332,978
63$2,009,421$220,044$3,302$1,416,456
64$2,167,384$183,827$0$1,507,860
65$2,339,977$144,356$0$1,617,798
66$2,528,649$101,423$0$1,738,838
67$2,734,989$54,811$0$1,871,288
68$2,960,752$4,290$0$2,016,304
69$3,207,867$0$0$2,175,161
70$3,478,458$0$0$2,358,689
71$3,774,866$0$0$2,560,643
72$4,099,669$0$0$2,781,978
73$4,455,704$0$0$3,024,634
74$4,846,097$0$0$3,290,747
75$5,274,292$0$0$3,582,667
76$5,744,080$0$0$3,902,986
77$6,259,639$0$0$4,254,556
78$6,825,569$0$0$4,640,520
79$7,446,939$0$0$5,064,341
80$8,129,331$0$0$5,529,832
81$8,878,895$0$0$6,041,194
82$9,702,407$0$0$6,603,055
83$10,607,329$0$0$7,220,515
84$11,601,885$0$0$7,899,190
85$12,695,132$0$0$8,645,268
86$13,897,052$0$0$9,465,568
87$15,218,638$0$0$10,367,601
88$16,672,004$0$0$11,359,642
89$18,270,498$0$0$12,450,809
90$20,028,823$0$0$13,651,149
91$21,963,181$0$0$14,971,730
92$24,091,424$0$0$16,424,747
93$26,433,220$0$0$18,023,638
94$29,010,239$0$0$19,783,208
95$31,846,361$0$0$21,719,770
96$34,967,895$0$0$23,851,301
97$38,403,831$0$0$26,197,605
98$42,186,113$0$0$28,780,506
99$46,349,938$0$0$31,624,052
100$50,934,090$0$0$34,754,739