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%15.2%
1 years$37,986$37,648$37,318$36,996$36,681$35,896
2 years$18,805$18,455$18,115$17,786$17,467$16,680
3 years$12,412$12,060$11,722$11,396$11,082$10,318
4 years$9,216$8,866$8,531$8,210$7,904$7,168
5 years$7,299$6,951$6,620$6,306$6,008$5,303
6 years$6,022$5,676$5,350$5,043$4,754$4,080
7 years$5,110$4,767$4,446$4,146$3,866$3,224
8 years$4,426$4,086$3,770$3,478$3,208$2,596
9 years$3,894$3,557$3,247$2,963$2,701$2,120
10 years$3,469$3,136$2,831$2,554$2,302$1,751
11 years$3,122$2,792$2,493$2,223$1,979$1,458
12 years$2,832$2,506$2,212$1,949$1,715$1,223
13 years$2,588$2,264$1,976$1,721$1,496$1,031
14 years$2,378$2,058$1,776$1,528$1,311$873
15 years$2,197$1,880$1,603$1,363$1,154$742
16 years$2,038$1,725$1,454$1,220$1,020$633
17 years$1,898$1,589$1,323$1,096$905$541
18 years$1,774$1,468$1,207$988$804$464
19 years$1,663$1,361$1,105$893$717$398
20 years$1,563$1,264$1,014$808$640$342
21 years$1,473$1,178$933$734$573$295
22 years$1,391$1,099$860$667$514$254
23 years$1,317$1,028$794$608$461$219
24 years$1,249$963$734$554$414$189
25 years$1,186$904$680$506$373$163
26 years$1,128$850$631$463$336$141
27 years$1,075$800$586$424$303$122
28 years$1,025$753$545$388$273$106
29 years$979$711$507$356$247$92
30 years$936$671$472$327$223$79
31 years$896$635$440$300$202$69
32 years$859$600$411$276$182$60
33 years$824$569$383$253$165$52
34 years$791$539$358$233$149$45
35 years$760$511$335$215$135$39
36 years$731$485$313$198$123$34
37 years$703$461$293$182$111$29
38 years$677$438$275$168$101$25
39 years$652$416$257$155$91$22
40 years$629$396$241$143$83$19
41 years$607$377$226$132$75$17
42 years$586$359$212$122$68$14
43 years$566$342$199$112$62$12
44 years$547$326$187$104$56$11
45 years$528$311$175$96$51$9
46 years$511$297$165$88$46$8
47 years$495$283$155$82$42$7
48 years$479$270$145$75$38$6
49 years$464$258$137$70$35$5
50 years$449$247$129$64$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $460,000, adding $3,456 every year, while hoping to spend $30,571 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: 74/15/11 Blend
41$460,000$460,000$460,000$460,000
42$510,485$486,105$478,975$546,923
43$530,027$477,397$462,493$562,737
44$550,538$467,237$444,435$575,901
45$572,084$455,523$424,715$589,477
46$594,737$442,145$403,244$603,499
47$618,577$426,986$379,929$618,002
48$643,689$409,925$354,673$633,024
49$670,165$390,832$327,375$648,611
50$698,108$369,568$297,927$664,811
51$727,628$345,990$266,221$681,679
52$758,845$319,943$232,139$699,277
53$791,893$291,266$195,561$717,673
54$826,914$259,786$156,360$736,943
55$864,066$225,322$114,405$757,172
56$903,521$187,683$69,558$778,454
57$945,467$146,666$21,675$800,896
58$990,110$102,058$0$824,613
59$1,037,675$53,633$0$853,190
60$1,088,408$1,151$0$886,259
61$1,142,580$0$0$921,452
62$1,200,488$0$0$968,154
63$1,262,454$0$0$1,018,346
64$1,328,837$0$0$1,072,128
65$1,400,025$0$0$1,129,818
66$1,476,447$0$0$1,191,764
67$1,558,573$0$0$1,258,351
68$1,646,919$0$0$1,329,997
69$1,742,052$0$0$1,407,165
70$1,844,593$0$0$1,490,362
71$1,955,226$0$0$1,580,145
72$2,074,702$0$0$1,677,125
73$2,203,846$0$0$1,781,974
74$2,343,565$0$0$1,895,433
75$2,494,856$0$0$2,018,313
76$2,658,813$0$0$2,151,507
77$2,836,643$0$0$2,295,998
78$3,029,671$0$0$2,452,865
79$3,239,354$0$0$2,623,297
80$3,467,295$0$0$2,808,601
81$3,715,258$0$0$3,010,215
82$3,985,184$0$0$3,229,719
83$4,279,207$0$0$3,468,856
84$4,599,679$0$0$3,729,540
85$4,949,184$0$0$4,013,881
86$5,330,570$0$0$4,324,197
87$5,746,969$0$0$4,663,045
88$6,201,829$0$0$5,033,235
89$6,698,949$0$0$5,437,863
90$7,242,508$0$0$5,880,337
91$7,837,108$0$0$6,364,409
92$8,487,818$0$0$6,894,212
93$9,200,216$0$0$7,474,294
94$9,980,448$0$0$8,109,666
95$10,835,280$0$0$8,805,846
96$11,772,166$0$0$9,568,909
97$12,799,312$0$0$10,405,548
98$13,925,759$0$0$11,323,133
99$15,161,461$0$0$12,329,783
100$16,517,387$0$0$13,434,439