Can I retire at age 42 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$40,464$40,103$39,752$39,408$39,073$38,347
2 years$20,032$19,658$19,297$18,946$18,606$17,877
3 years$13,222$12,847$12,486$12,139$11,805$11,096
4 years$9,817$9,444$9,087$8,746$8,419$7,736
5 years$7,775$7,404$7,052$6,717$6,400$5,744
6 years$6,415$6,046$5,699$5,372$5,064$4,436
7 years$5,443$5,077$4,736$4,417$4,119$3,519
8 years$4,714$4,352$4,016$3,705$3,417$2,845
9 years$4,148$3,789$3,459$3,156$2,877$2,334
10 years$3,695$3,340$3,016$2,720$2,452$1,935
11 years$3,325$2,974$2,655$2,368$2,109$1,619
12 years$3,017$2,669$2,356$2,077$1,827$1,364
13 years$2,756$2,412$2,105$1,833$1,593$1,155
14 years$2,533$2,192$1,892$1,627$1,397$983
15 years$2,340$2,003$1,708$1,451$1,230$840
16 years$2,171$1,838$1,548$1,300$1,087$720
17 years$2,022$1,692$1,409$1,168$964$618
18 years$1,890$1,564$1,286$1,052$857$533
19 years$1,772$1,449$1,177$951$764$459
20 years$1,665$1,347$1,081$861$682$397
21 years$1,569$1,254$994$782$610$344
22 years$1,482$1,171$916$711$547$298
23 years$1,403$1,095$846$647$491$258
24 years$1,330$1,026$782$590$442$224
25 years$1,263$963$725$539$397$195
26 years$1,202$905$672$493$358$170
27 years$1,145$852$624$451$323$147
28 years$1,092$803$580$413$291$128
29 years$1,043$757$540$379$263$112
30 years$997$715$503$348$238$97
31 years$955$676$469$319$215$85
32 years$915$640$437$294$194$74
33 years$878$606$408$270$176$64
34 years$842$574$382$248$159$56
35 years$809$544$357$229$144$49
36 years$778$517$334$211$131$43
37 years$749$491$312$194$118$37
38 years$721$466$292$179$107$33
39 years$695$444$274$165$97$28
40 years$670$422$257$152$88$25
41 years$646$402$241$140$80$22
42 years$624$383$226$130$73$19
43 years$603$365$212$120$66$17
44 years$582$347$199$110$60$14
45 years$563$331$187$102$54$13
46 years$544$316$175$94$49$11
47 years$527$302$165$87$45$10
48 years$510$288$155$80$41$8
49 years$494$275$146$74$37$7
50 years$478$263$137$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 42 starting with $490,000, adding $6,047 every year, while hoping to spend $38,869 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: 55/17/28 Blend
41$490,000$490,000$490,000$490,000
42$546,217$520,247$512,652$571,729
43$560,575$504,383$488,470$574,117
44$575,095$486,439$462,175$572,205
45$589,752$466,272$433,655$569,338
46$604,518$443,730$402,793$565,439
47$619,360$418,654$369,468$560,425
48$634,241$390,875$333,552$554,206
49$649,119$360,213$294,911$546,686
50$663,945$326,480$253,407$537,762
51$678,665$289,475$208,894$527,323
52$693,217$248,987$161,220$515,250
53$707,531$204,793$110,226$501,415
54$721,529$156,658$55,748$485,681
55$735,122$104,331$0$467,901
56$748,211$47,550$0$448,628
57$760,686$0$0$444,799
58$772,422$0$0$442,225
59$783,281$0$0$447,990
60$793,108$0$0$453,103
61$801,730$0$0$457,460
62$808,955$0$0$460,942
63$814,569$0$0$463,419
64$818,332$0$0$464,746
65$819,981$0$0$464,761
66$819,221$0$0$463,285
67$815,724$0$0$460,119
68$809,129$0$0$455,041
69$799,032$0$0$447,807
70$784,988$0$0$438,146
71$766,501$0$0$425,755
72$743,024$0$0$410,303
73$713,951$0$0$391,420
74$678,608$0$0$368,698
75$636,254$0$0$341,685
76$586,065$0$0$309,881
77$527,131$0$0$272,733
78$458,446$0$0$229,631
79$378,899$0$0$179,898
80$287,259$0$0$122,787
81$182,168$0$0$57,475
82$62,124$0$0$0
83$0$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