Can I retire at age 43 with 320,000?

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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$26,425$26,190$25,960$25,736$25,517$24,800
2 years$13,082$12,838$12,602$12,373$12,151$11,434
3 years$8,635$8,390$8,154$7,928$7,709$7,014
4 years$6,411$6,167$5,934$5,711$5,498$4,831
5 years$5,078$4,835$4,605$4,387$4,180$3,543
6 years$4,189$3,948$3,722$3,508$3,307$2,700
7 years$3,555$3,316$3,093$2,884$2,690$2,113
8 years$3,079$2,842$2,623$2,420$2,231$1,685
9 years$2,709$2,475$2,259$2,061$1,879$1,362
10 years$2,413$2,181$1,970$1,777$1,601$1,113
11 years$2,172$1,942$1,734$1,546$1,377$917
12 years$1,970$1,743$1,539$1,356$1,193$760
13 years$1,800$1,575$1,375$1,197$1,041$634
14 years$1,654$1,432$1,235$1,063$912$531
15 years$1,528$1,308$1,115$948$803$446
16 years$1,418$1,200$1,011$849$710$375
17 years$1,320$1,105$920$763$629$317
18 years$1,234$1,021$840$687$560$268
19 years$1,157$946$769$621$499$227
20 years$1,088$880$706$562$446$193
21 years$1,025$819$649$510$399$164
22 years$968$765$598$464$357$140
23 years$916$715$552$423$321$119
24 years$869$670$511$385$288$101
25 years$825$629$473$352$259$86
26 years$785$591$439$322$234$74
27 years$748$556$408$295$211$63
28 years$713$524$379$270$190$54
29 years$681$494$353$248$172$46
30 years$651$467$328$227$155$39
31 years$624$441$306$209$140$33
32 years$597$418$286$192$127$29
33 years$573$396$267$176$115$24
34 years$550$375$249$162$104$21
35 years$529$356$233$149$94$18
36 years$508$338$218$138$85$15
37 years$489$321$204$127$77$13
38 years$471$305$191$117$70$11
39 years$454$290$179$108$64$10
40 years$437$276$168$99$58$8
41 years$422$262$157$92$52$7
42 years$407$250$148$85$47$6
43 years$393$238$138$78$43$5
44 years$380$227$130$72$39$4
45 years$368$216$122$67$35$4
46 years$356$206$115$62$32$3
47 years$344$197$108$57$29$3
48 years$333$188$101$53$27$2
49 years$322$180$95$49$24$2
50 years$312$172$89$45$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $320,000, adding $4,389 every year, while hoping to spend $21,767 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: 61/34/5 Blend
42$320,000$320,000$320,000$320,000
43$357,167$340,207$335,247$378,392
44$370,438$333,717$323,318$386,613
45$384,334$326,180$310,260$392,649
46$398,894$317,521$296,012$398,673
47$414,163$307,661$280,510$404,682
48$430,188$296,518$263,688$410,675
49$447,023$284,003$245,477$416,654
50$464,723$270,022$225,804$422,617
51$483,349$254,478$204,593$428,569
52$502,969$237,265$181,765$434,512
53$523,654$218,274$157,237$440,452
54$545,486$197,389$130,923$446,397
55$568,549$174,485$102,733$452,355
56$592,939$149,432$72,572$458,339
57$618,758$122,094$40,343$464,364
58$646,119$92,324$5,942$470,450
59$675,145$59,969$0$476,617
60$705,969$24,867$0$484,534
61$738,739$0$0$493,037
62$773,616$0$0$506,773
63$810,775$0$0$531,335
64$850,410$0$0$557,547
65$892,730$0$0$585,551
66$937,968$0$0$615,502
67$986,377$0$0$647,570
68$1,038,235$0$0$681,942
69$1,093,846$0$0$718,822
70$1,153,546$0$0$758,434
71$1,217,702$0$0$801,025
72$1,286,715$0$0$846,865
73$1,361,030$0$0$896,251
74$1,441,131$0$0$949,509
75$1,527,553$0$0$1,006,997
76$1,620,881$0$0$1,069,109
77$1,721,762$0$0$1,136,277
78$1,830,901$0$0$1,208,978
79$1,949,079$0$0$1,287,733
80$2,077,151$0$0$1,373,117
81$2,216,058$0$0$1,465,763
82$2,366,835$0$0$1,566,365
83$2,530,621$0$0$1,675,688
84$2,708,668$0$0$1,794,573
85$2,902,353$0$0$1,923,945
86$3,113,192$0$0$2,064,823
87$3,342,852$0$0$2,218,325
88$3,593,170$0$0$2,385,686
89$3,866,165$0$0$2,568,263
90$4,164,059$0$0$2,767,548
91$4,489,301$0$0$2,985,186
92$4,844,582$0$0$3,222,986
93$5,232,871$0$0$3,482,942
94$5,657,429$0$0$3,767,246
95$6,121,854$0$0$4,078,313
96$6,630,101$0$0$4,418,805
97$7,186,530$0$0$4,791,648
98$7,795,940$0$0$5,200,068
99$8,463,616$0$0$5,647,616
100$9,195,378$0$0$6,138,205