Can I retire at age 43 with 480,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$39,638$39,285$38,940$38,604$38,276$37,335
2 years$19,623$19,257$18,903$18,560$18,227$17,285
3 years$12,952$12,585$12,232$11,891$11,564$10,650
4 years$9,617$9,251$8,901$8,567$8,247$7,369
5 years$7,617$7,253$6,908$6,580$6,269$5,429
6 years$6,284$5,923$5,583$5,262$4,961$4,159
7 years$5,332$4,974$4,639$4,326$4,034$3,271
8 years$4,618$4,264$3,934$3,629$3,347$2,622
9 years$4,064$3,712$3,389$3,091$2,819$2,131
10 years$3,620$3,272$2,954$2,665$2,402$1,751
11 years$3,257$2,913$2,601$2,319$2,065$1,451
12 years$2,955$2,614$2,308$2,034$1,790$1,210
13 years$2,700$2,363$2,062$1,796$1,561$1,015
14 years$2,481$2,148$1,853$1,594$1,368$855
15 years$2,292$1,962$1,673$1,422$1,205$723
16 years$2,127$1,800$1,517$1,273$1,065$613
17 years$1,981$1,658$1,380$1,144$944$521
18 years$1,851$1,532$1,260$1,031$839$444
19 years$1,735$1,420$1,153$931$748$379
20 years$1,631$1,319$1,059$844$668$324
21 years$1,537$1,229$974$766$598$277
22 years$1,452$1,147$897$696$536$237
23 years$1,374$1,073$829$634$481$203
24 years$1,303$1,005$766$578$433$174
25 years$1,238$943$710$528$389$150
26 years$1,177$887$658$483$351$129
27 years$1,121$834$611$442$316$111
28 years$1,070$786$568$405$285$95
29 years$1,022$742$529$371$258$82
30 years$977$700$493$341$233$70
31 years$935$662$459$313$210$61
32 years$896$627$428$288$190$52
33 years$860$593$400$265$172$45
34 years$825$562$374$243$156$39
35 years$793$533$349$224$141$33
36 years$762$506$327$206$128$29
37 years$734$481$306$190$116$25
38 years$706$457$287$175$105$21
39 years$681$435$268$162$95$18
40 years$656$413$252$149$86$16
41 years$633$394$236$137$78$14
42 years$611$375$221$127$71$12
43 years$590$357$208$117$65$10
44 years$570$340$195$108$59$9
45 years$551$325$183$100$53$8
46 years$533$310$172$92$48$6
47 years$516$295$162$85$44$6
48 years$500$282$152$79$40$5
49 years$484$269$143$73$36$4
50 years$469$257$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $480,000, adding $2,072 every year, while hoping to spend $29,162 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: 45/46/9 Blend
42$480,000$480,000$480,000$480,000
43$531,097$505,657$498,217$553,560
44$554,241$499,406$483,879$563,057
45$578,768$491,872$468,084$570,185
46$604,789$482,960$450,751$577,248
47$632,424$472,571$431,797$584,250
48$661,804$460,601$411,136$591,199
49$693,076$446,937$388,677$598,103
50$726,395$431,463$364,323$604,976
51$761,936$414,053$337,977$611,833
52$799,888$394,576$309,533$618,696
53$840,458$372,892$278,884$625,590
54$883,874$348,853$245,916$632,546
55$930,386$322,304$210,511$639,602
56$980,268$293,079$172,545$646,803
57$1,033,819$261,004$131,889$654,201
58$1,091,369$225,894$88,409$661,859
59$1,153,281$187,555$41,963$669,849
60$1,219,952$145,781$0$678,255
61$1,291,818$100,355$0$687,904
62$1,369,358$51,047$0$702,528
63$1,453,099$0$0$718,235
64$1,543,620$0$0$736,397
65$1,641,556$0$0$784,047
66$1,747,608$0$0$835,693
67$1,862,543$0$0$891,715
68$1,987,206$0$0$952,530
69$2,122,528$0$0$1,018,599
70$2,269,531$0$0$1,090,428
71$2,429,339$0$0$1,168,573
72$2,603,189$0$0$1,253,647
73$2,792,442$0$0$1,346,323
74$2,998,597$0$0$1,447,345
75$3,223,301$0$0$1,557,526
76$3,468,369$0$0$1,677,767
77$3,735,797$0$0$1,809,055
78$4,027,783$0$0$1,952,480
79$4,346,746$0$0$2,109,239
80$4,695,349$0$0$2,280,652
81$5,076,524$0$0$2,468,173
82$5,493,501$0$0$2,673,399
83$5,949,832$0$0$2,898,093
84$6,449,434$0$0$3,144,193
85$6,996,615$0$0$3,413,837
86$7,596,123$0$0$3,709,376
87$8,253,185$0$0$4,033,400
88$8,973,559$0$0$4,388,764
89$9,763,585$0$0$4,778,609
90$10,630,247$0$0$5,206,398
91$11,581,238$0$0$5,675,943
92$12,625,032$0$0$6,191,444
93$13,770,962$0$0$6,757,527
94$15,029,309$0$0$7,379,289
95$16,411,400$0$0$8,062,345
96$17,929,710$0$0$8,812,879
97$19,597,985$0$0$9,637,705
98$21,431,367$0$0$10,544,329
99$23,446,536$0$0$11,541,022
100$25,661,872$0$0$12,636,894