Can I retire at age 43 with 500,000?

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 $500,000?

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$41,290$40,922$40,563$40,213$39,871$39,130
2 years$20,440$20,060$19,691$19,333$18,986$18,242
3 years$13,492$13,109$12,741$12,387$12,046$11,322
4 years$10,018$9,637$9,272$8,924$8,591$7,894
5 years$7,934$7,555$7,196$6,855$6,531$5,861
6 years$6,545$6,169$5,815$5,482$5,168$4,527
7 years$5,554$5,181$4,832$4,507$4,203$3,591
8 years$4,811$4,441$4,098$3,781$3,486$2,903
9 years$4,233$3,867$3,530$3,220$2,936$2,381
10 years$3,771$3,408$3,077$2,776$2,502$1,975
11 years$3,393$3,034$2,709$2,416$2,152$1,652
12 years$3,079$2,723$2,404$2,119$1,864$1,391
13 years$2,813$2,461$2,148$1,871$1,626$1,179
14 years$2,585$2,237$1,930$1,661$1,425$1,003
15 years$2,388$2,044$1,743$1,481$1,255$857
16 years$2,215$1,875$1,580$1,326$1,109$734
17 years$2,063$1,727$1,438$1,191$983$631
18 years$1,928$1,596$1,312$1,074$874$543
19 years$1,808$1,479$1,202$970$779$469
20 years$1,699$1,374$1,103$879$696$405
21 years$1,601$1,280$1,014$798$623$351
22 years$1,512$1,195$935$725$558$304
23 years$1,431$1,118$863$660$501$264
24 years$1,357$1,047$798$602$451$229
25 years$1,289$983$739$550$405$199
26 years$1,226$923$686$503$365$173
27 years$1,168$869$637$460$329$150
28 years$1,114$819$592$422$297$131
29 years$1,064$773$551$387$268$114
30 years$1,018$730$513$355$242$99
31 years$974$690$478$326$219$87
32 years$934$653$446$300$198$75
33 years$895$618$417$276$179$66
34 years$860$586$389$254$162$57
35 years$826$556$364$233$147$50
36 years$794$527$341$215$133$44
37 years$764$501$319$198$121$38
38 years$736$476$298$183$110$33
39 years$709$453$280$168$99$29
40 years$684$431$262$155$90$25
41 years$659$410$246$143$82$22
42 years$637$390$231$132$74$19
43 years$615$372$216$122$67$17
44 years$594$355$203$113$61$15
45 years$574$338$191$104$55$13
46 years$555$323$179$96$50$11
47 years$538$308$168$89$46$10
48 years$520$294$158$82$42$9
49 years$504$281$149$76$38$7
50 years$488$268$140$70$34$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $500,000, adding $2,345 every year, while hoping to spend $20,418 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: 36/38/26 Blend
42$500,000$500,000$500,000$500,000
43$553,419$526,919$519,169$568,944
44$588,143$531,013$514,836$584,734
45$625,725$534,624$509,675$599,739
46$666,434$537,706$503,634$615,540
47$710,567$540,210$496,663$632,220
48$758,451$542,087$488,707$649,875
49$810,444$543,280$479,710$668,610
50$866,942$543,733$469,612$688,542
51$928,378$543,384$458,352$709,803
52$995,230$542,168$445,865$732,538
53$1,068,024$540,015$432,082$756,911
54$1,147,339$536,851$416,933$783,103
55$1,233,810$532,600$400,343$811,315
56$1,328,139$527,177$382,234$841,772
57$1,431,096$520,497$362,527$874,722
58$1,543,531$512,464$341,135$910,443
59$1,666,379$502,982$317,969$949,242
60$1,800,666$491,945$292,939$991,460
61$1,947,527$479,243$265,945$1,037,479
62$2,108,209$464,760$236,888$1,087,717
63$2,284,084$448,371$205,662$1,142,643
64$2,476,665$429,946$172,155$1,202,775
65$2,687,616$409,345$136,254$1,268,686
66$2,918,772$386,422$97,838$1,341,014
67$3,172,153$361,022$56,781$1,420,464
68$3,449,981$332,980$12,952$1,507,818
69$3,754,707$302,125$0$1,603,943
70$4,089,029$268,271$0$1,719,180
71$4,455,920$231,226$0$1,849,652
72$4,858,652$190,785$0$1,992,980
73$5,300,833$146,731$0$2,150,507
74$5,786,433$98,836$0$2,323,718
75$6,319,830$46,860$0$2,514,253
76$6,905,843$0$0$2,723,923
77$7,549,784$0$0$2,958,679
78$8,257,502$0$0$3,238,296
79$9,035,443$0$0$3,545,735
80$9,890,707$0$0$3,883,813
81$10,831,119$0$0$4,255,633
82$11,865,297$0$0$4,664,611
83$13,002,737$0$0$5,114,515
84$14,253,902$0$0$5,609,493
85$15,630,320$0$0$6,154,118
86$17,144,692$0$0$6,753,427
87$18,811,012$0$0$7,412,971
88$20,644,700$0$0$8,138,865
89$22,662,746$0$0$8,937,849
90$24,883,869$0$0$9,817,346
91$27,328,697$0$0$10,785,539
92$30,019,958$0$0$11,851,442
93$32,982,695$0$0$13,024,990
94$36,244,503$0$0$14,317,127
95$39,835,789$0$0$15,739,916
96$43,790,059$0$0$17,306,646
97$48,144,230$0$0$19,031,962
98$52,938,987$0$0$20,932,001
99$58,219,156$0$0$23,024,546
100$64,034,134$0$0$25,329,192