Can I retire at age 43 with 350,000?

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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$28,903$28,645$28,394$28,149$27,909$27,458
2 years$14,308$14,042$13,784$13,533$13,290$12,837
3 years$9,444$9,176$8,919$8,671$8,432$7,991
4 years$7,012$6,746$6,491$6,247$6,014$5,588
5 years$5,554$5,289$5,037$4,798$4,572$4,162
6 years$4,582$4,319$4,071$3,837$3,617$3,225
7 years$3,888$3,627$3,383$3,155$2,942$2,567
8 years$3,367$3,109$2,869$2,646$2,441$2,083
9 years$2,963$2,707$2,471$2,254$2,055$1,714
10 years$2,640$2,386$2,154$1,943$1,751$1,427
11 years$2,375$2,124$1,897$1,691$1,506$1,198
12 years$2,155$1,906$1,683$1,483$1,305$1,013
13 years$1,969$1,723$1,504$1,310$1,138$862
14 years$1,809$1,566$1,351$1,162$998$736
15 years$1,671$1,431$1,220$1,037$878$631
16 years$1,551$1,313$1,106$928$776$543
17 years$1,444$1,209$1,006$834$688$469
18 years$1,350$1,117$919$752$612$406
19 years$1,265$1,035$841$679$546$352
20 years$1,190$962$772$615$487$305
21 years$1,121$896$710$558$436$265
22 years$1,059$836$654$508$391$231
23 years$1,002$782$604$462$351$201
24 years$950$733$559$422$315$176
25 years$902$688$518$385$284$153
26 years$858$646$480$352$256$134
27 years$818$608$446$322$230$117
28 years$780$573$414$295$208$102
29 years$745$541$386$271$188$90
30 years$712$511$359$248$170$78
31 years$682$483$335$228$153$69
32 years$654$457$312$210$139$60
33 years$627$433$292$193$126$53
34 years$602$410$273$177$114$46
35 years$578$389$255$163$103$41
36 years$556$369$238$150$93$36
37 years$535$351$223$139$85$31
38 years$515$333$209$128$77$27
39 years$496$317$196$118$70$24
40 years$479$301$183$109$63$21
41 years$462$287$172$100$57$18
42 years$446$273$161$93$52$16
43 years$430$260$151$85$47$14
44 years$416$248$142$79$43$12
45 years$402$237$133$73$39$11
46 years$389$226$125$67$35$10
47 years$376$215$118$62$32$8
48 years$364$206$111$57$29$7
49 years$353$196$104$53$26$6
50 years$342$188$98$49$24$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $350,000, adding $3,954 every year, while hoping to spend $28,904 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: 37/43/20 Blend
42$350,000$350,000$350,000$350,000
43$389,779$371,229$365,804$401,723
44$398,782$358,665$347,304$398,185
45$407,736$344,517$327,217$391,365
46$416,603$328,677$305,457$383,404
47$425,344$311,030$281,937$374,214
48$433,914$291,455$256,567$363,704
49$442,261$269,824$229,249$351,775
50$450,328$246,002$199,886$338,324
51$458,051$219,845$168,372$323,237
52$465,358$191,204$134,598$306,395
53$472,169$159,917$98,451$287,670
54$478,394$125,817$59,813$266,924
55$483,934$88,725$18,560$244,010
56$488,675$48,453$0$218,773
57$492,495$4,802$0$196,477
58$495,254$0$0$176,089
59$496,799$0$0$173,562
60$496,960$0$0$172,713
61$495,545$0$0$171,194
62$492,345$0$0$168,918
63$487,126$0$0$165,787
64$479,628$0$0$161,695
65$469,564$0$0$156,525
66$456,615$0$0$150,145
67$440,429$0$0$142,410
68$420,615$0$0$133,160
69$396,741$0$0$122,218
70$368,328$0$0$109,387
71$334,847$0$0$94,450
72$295,713$0$0$77,168
73$250,279$0$0$57,276
74$197,829$0$0$34,480
75$137,573$0$0$8,456
76$68,638$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$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