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%13.6%
1 years$38,812$38,466$38,129$37,800$37,478$36,918
2 years$19,214$18,856$18,509$18,173$17,847$17,284
3 years$12,682$12,323$11,977$11,644$11,323$10,774
4 years$9,417$9,058$8,716$8,389$8,076$7,546
5 years$7,458$7,102$6,764$6,443$6,139$5,630
6 years$6,153$5,799$5,466$5,153$4,857$4,369
7 years$5,221$4,870$4,543$4,236$3,950$3,483
8 years$4,522$4,175$3,852$3,554$3,277$2,831
9 years$3,979$3,635$3,318$3,027$2,760$2,335
10 years$3,545$3,204$2,893$2,609$2,352$1,947
11 years$3,190$2,852$2,547$2,271$2,022$1,638
12 years$2,894$2,560$2,260$1,992$1,753$1,387
13 years$2,644$2,314$2,019$1,759$1,528$1,182
14 years$2,430$2,103$1,814$1,561$1,340$1,012
15 years$2,244$1,921$1,638$1,392$1,180$870
16 years$2,082$1,763$1,485$1,247$1,043$750
17 years$1,939$1,623$1,351$1,120$924$649
18 years$1,813$1,500$1,234$1,009$822$562
19 years$1,699$1,390$1,129$912$733$489
20 years$1,597$1,292$1,037$826$654$425
21 years$1,505$1,203$953$750$586$370
22 years$1,422$1,123$879$682$525$323
23 years$1,346$1,050$811$621$471$282
24 years$1,276$984$750$566$423$247
25 years$1,212$924$695$517$381$216
26 years$1,153$868$645$473$343$189
27 years$1,098$817$599$433$309$166
28 years$1,048$770$556$396$279$145
29 years$1,001$726$518$364$252$128
30 years$957$686$482$334$228$112
31 years$916$648$450$306$206$98
32 years$878$613$420$282$186$86
33 years$842$581$392$259$169$76
34 years$808$551$366$238$153$67
35 years$776$522$342$219$138$59
36 years$746$496$320$202$125$51
37 years$718$471$300$186$114$45
38 years$692$447$281$172$103$40
39 years$666$425$263$158$93$35
40 years$643$405$246$146$85$31
41 years$620$385$231$135$77$27
42 years$598$367$217$124$70$24
43 years$578$350$203$115$63$21
44 years$558$333$191$106$57$18
45 years$540$318$179$98$52$16
46 years$522$303$168$90$47$14
47 years$505$289$158$83$43$13
48 years$489$276$149$77$39$11
49 years$474$264$140$71$35$10
50 years$459$252$131$66$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $470,000, adding $4,029 every year, while hoping to spend $36,936 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: 45/25/30 Blend
41$470,000$470,000$470,000$470,000
42$522,096$497,186$489,901$540,905
43$536,050$482,248$467,013$539,774
44$550,190$465,341$442,120$534,719
45$564,494$446,328$415,117$528,541
46$578,941$425,067$385,892$521,158
47$593,503$401,405$354,329$512,480
48$608,149$375,182$320,307$502,413
49$622,842$346,228$283,700$490,856
50$637,544$314,365$244,375$477,699
51$652,207$279,402$202,196$462,828
52$666,779$241,140$157,016$446,121
53$681,201$199,366$108,686$427,444
54$695,405$153,858$57,050$406,659
55$709,318$104,378$1,942$383,615
56$722,853$50,677$0$358,151
57$735,916$0$0$348,300
58$748,401$0$0$339,586
59$760,188$0$0$344,438
60$771,144$0$0$348,846
61$781,120$0$0$352,736
62$789,950$0$0$356,024
63$797,450$0$0$358,618
64$803,412$0$0$360,414
65$807,608$0$0$361,298
66$809,783$0$0$361,142
67$809,653$0$0$359,804
68$806,904$0$0$357,127
69$801,187$0$0$352,937
70$792,114$0$0$347,040
71$779,255$0$0$339,222
72$762,135$0$0$329,245
73$740,226$0$0$316,846
74$712,943$0$0$301,734
75$679,639$0$0$283,586
76$639,599$0$0$262,047
77$592,029$0$0$236,720
78$536,054$0$0$207,171
79$470,704$0$0$172,916
80$394,907$0$0$133,423
81$307,480$0$0$88,101
82$207,111$0$0$36,301
83$92,356$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0