Can I retire at age 42 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$39,638$39,285$38,940$38,604$38,276$37,642
2 years$19,623$19,257$18,903$18,560$18,227$17,590
3 years$12,952$12,585$12,232$11,891$11,564$10,944
4 years$9,617$9,251$8,901$8,567$8,247$7,649
5 years$7,617$7,253$6,908$6,580$6,269$5,695
6 years$6,284$5,923$5,583$5,262$4,961$4,410
7 years$5,332$4,974$4,639$4,326$4,034$3,508
8 years$4,618$4,264$3,934$3,629$3,347$2,845
9 years$4,064$3,712$3,389$3,091$2,819$2,340
10 years$3,620$3,272$2,954$2,665$2,402$1,947
11 years$3,257$2,913$2,601$2,319$2,065$1,633
12 years$2,955$2,614$2,308$2,034$1,790$1,380
13 years$2,700$2,363$2,062$1,796$1,561$1,173
14 years$2,481$2,148$1,853$1,594$1,368$1,002
15 years$2,292$1,962$1,673$1,422$1,205$859
16 years$2,127$1,800$1,517$1,273$1,065$738
17 years$1,981$1,658$1,380$1,144$944$637
18 years$1,851$1,532$1,260$1,031$839$550
19 years$1,735$1,420$1,153$931$748$477
20 years$1,631$1,319$1,059$844$668$414
21 years$1,537$1,229$974$766$598$359
22 years$1,452$1,147$897$696$536$313
23 years$1,374$1,073$829$634$481$272
24 years$1,303$1,005$766$578$433$237
25 years$1,238$943$710$528$389$207
26 years$1,177$887$658$483$351$181
27 years$1,121$834$611$442$316$158
28 years$1,070$786$568$405$285$138
29 years$1,022$742$529$371$258$121
30 years$977$700$493$341$233$106
31 years$935$662$459$313$210$92
32 years$896$627$428$288$190$81
33 years$860$593$400$265$172$71
34 years$825$562$374$243$156$62
35 years$793$533$349$224$141$54
36 years$762$506$327$206$128$48
37 years$734$481$306$190$116$42
38 years$706$457$287$175$105$37
39 years$681$435$268$162$95$32
40 years$656$413$252$149$86$28
41 years$633$394$236$137$78$25
42 years$611$375$221$127$71$22
43 years$590$357$208$117$65$19
44 years$570$340$195$108$59$17
45 years$551$325$183$100$53$15
46 years$533$310$172$92$48$13
47 years$516$295$162$85$44$11
48 years$500$282$152$79$40$10
49 years$484$269$143$73$36$9
50 years$469$257$134$67$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $480,000, adding $3,382 every year, while hoping to spend $32,868 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: 47/35/18 Blend
41$480,000$480,000$480,000$480,000
42$532,449$507,009$499,569$554,611
43$551,787$496,881$481,333$560,252
44$571,996$485,155$461,385$562,781
45$593,131$471,718$439,632$564,829
46$615,249$456,451$415,978$566,362
47$638,414$439,227$390,323$567,350
48$662,695$419,912$362,562$567,758
49$688,166$398,364$332,584$567,554
50$714,908$374,433$300,274$566,703
51$743,009$347,961$265,514$565,169
52$772,565$318,780$228,178$562,918
53$803,679$286,712$188,134$559,914
54$836,465$251,572$145,247$556,122
55$871,046$213,160$99,374$551,506
56$907,555$171,267$50,366$546,031
57$946,139$125,673$0$539,664
58$986,959$76,145$0$532,743
59$1,030,188$22,435$0$535,212
60$1,076,017$0$0$537,391
61$1,124,655$0$0$553,042
62$1,176,328$0$0$578,878
63$1,231,286$0$0$606,385
64$1,289,802$0$0$635,705
65$1,352,173$0$0$666,991
66$1,418,726$0$0$700,411
67$1,489,820$0$0$736,150
68$1,565,847$0$0$774,409
69$1,647,236$0$0$815,411
70$1,734,460$0$0$859,398
71$1,828,035$0$0$906,638
72$1,928,530$0$0$957,423
73$2,036,568$0$0$1,012,074
74$2,152,832$0$0$1,070,946
75$2,278,074$0$0$1,134,425
76$2,413,119$0$0$1,202,937
77$2,558,873$0$0$1,276,951
78$2,716,331$0$0$1,356,981
79$2,886,589$0$0$1,443,592
80$3,070,849$0$0$1,537,406
81$3,270,432$0$0$1,639,105
82$3,486,794$0$0$1,749,441
83$3,721,531$0$0$1,869,241
84$3,976,403$0$0$1,999,414
85$4,253,344$0$0$2,140,958
86$4,554,479$0$0$2,294,975
87$4,882,150$0$0$2,462,674
88$5,238,932$0$0$2,645,387
89$5,627,658$0$0$2,844,579
90$6,051,446$0$0$3,061,865
91$6,513,728$0$0$3,299,018
92$7,018,281$0$0$3,557,993
93$7,569,264$0$0$3,840,942
94$8,171,253$0$0$4,150,232
95$8,829,288$0$0$4,488,472
96$9,548,916$0$0$4,858,532
97$10,336,246$0$0$5,263,574
98$11,198,003$0$0$5,707,078
99$12,141,595$0$0$6,192,879
100$13,175,178$0$0$6,725,196