Can I retire at age 43 with 560,000?

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 $560,000?

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$46,244$45,832$45,430$45,038$44,655$43,558
2 years$22,893$22,467$22,054$21,653$21,264$20,166
3 years$15,111$14,682$14,270$13,873$13,491$12,425
4 years$11,220$10,793$10,385$9,995$9,622$8,597
5 years$8,886$8,462$8,059$7,677$7,314$6,334
6 years$7,331$6,910$6,513$6,139$5,788$4,852
7 years$6,220$5,803$5,412$5,048$4,707$3,816
8 years$5,388$4,974$4,590$4,234$3,905$3,059
9 years$4,741$4,331$3,953$3,607$3,288$2,486
10 years$4,223$3,817$3,447$3,109$2,802$2,043
11 years$3,800$3,398$3,034$2,706$2,410$1,693
12 years$3,448$3,050$2,693$2,373$2,088$1,412
13 years$3,150$2,757$2,406$2,095$1,821$1,184
14 years$2,895$2,506$2,162$1,860$1,596$997
15 years$2,674$2,289$1,952$1,659$1,405$843
16 years$2,481$2,100$1,770$1,485$1,242$715
17 years$2,311$1,934$1,610$1,334$1,101$608
18 years$2,160$1,787$1,470$1,203$979$518
19 years$2,025$1,656$1,346$1,087$873$442
20 years$1,903$1,539$1,235$984$780$378
21 years$1,794$1,434$1,136$893$698$323
22 years$1,694$1,338$1,047$812$625$277
23 years$1,603$1,252$967$740$561$237
24 years$1,520$1,173$894$675$505$204
25 years$1,444$1,101$828$616$454$175
26 years$1,373$1,034$768$563$409$150
27 years$1,308$973$713$516$369$129
28 years$1,248$917$663$472$333$111
29 years$1,192$865$617$433$300$95
30 years$1,140$817$575$398$271$82
31 years$1,091$773$536$365$245$71
32 years$1,046$731$500$336$222$61
33 years$1,003$692$467$309$201$52
34 years$963$656$436$284$182$45
35 years$925$622$408$261$165$39
36 years$889$591$381$241$149$33
37 years$856$561$357$222$135$29
38 years$824$533$334$204$123$25
39 years$794$507$313$188$111$21
40 years$766$482$294$174$101$18
41 years$739$459$275$160$92$16
42 years$713$437$258$148$83$14
43 years$689$417$242$137$75$12
44 years$665$397$227$126$68$10
45 years$643$379$214$117$62$9
46 years$622$361$201$108$56$8
47 years$602$345$188$99$51$7
48 years$583$329$177$92$47$6
49 years$564$314$166$85$42$5
50 years$547$300$156$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $560,000, adding $2,957 every year, while hoping to spend $32,242 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: 61/26/13 Blend
42$560,000$560,000$560,000$560,000
43$620,170$590,490$581,810$655,868
44$649,122$585,119$566,996$674,838
45$679,947$578,404$550,604$691,611
46$712,801$570,245$532,549$709,133
47$747,856$560,537$512,739$727,480
48$785,301$549,167$491,079$746,734
49$825,343$536,017$467,471$766,989
50$868,206$520,960$441,810$788,349
51$914,140$503,864$413,987$810,929
52$963,417$484,587$383,890$834,859
53$1,016,334$462,982$351,400$860,283
54$1,073,221$438,888$316,392$887,362
55$1,134,437$412,141$278,739$916,276
56$1,200,377$382,563$238,304$947,223
57$1,271,475$349,969$194,947$980,425
58$1,348,208$314,159$148,520$1,016,131
59$1,431,099$274,927$98,869$1,054,613
60$1,520,724$232,052$45,834$1,096,178
61$1,617,717$185,301$0$1,141,166
62$1,722,771$134,428$0$1,191,445
63$1,836,653$79,174$0$1,252,825
64$1,960,203$19,265$0$1,319,431
65$2,094,345$0$0$1,391,805
66$2,240,097$0$0$1,483,592
67$2,398,579$0$0$1,589,425
68$2,571,020$0$0$1,704,620
69$2,758,775$0$0$1,830,088
70$2,963,334$0$0$1,966,828
71$3,186,339$0$0$2,115,942
72$3,429,593$0$0$2,278,645
73$3,695,085$0$0$2,456,269
74$3,985,000$0$0$2,650,285
75$4,301,746$0$0$2,862,310
76$4,647,974$0$0$3,094,125
77$5,026,603$0$0$3,347,691
78$5,440,844$0$0$3,625,167
79$5,894,235$0$0$3,928,929
80$6,390,674$0$0$4,261,596
81$6,934,448$0$0$4,626,050
82$7,530,283$0$0$5,025,467
83$8,183,382$0$0$5,463,342
84$8,899,475$0$0$5,943,526
85$9,684,873$0$0$6,470,262
86$10,546,527$0$0$7,048,220
87$11,492,095$0$0$7,682,546
88$12,530,010$0$0$8,378,910
89$13,669,563$0$0$9,143,553
90$14,920,987$0$0$9,983,355
91$16,295,556$0$0$10,905,893
92$17,805,688$0$0$11,919,513
93$19,465,066$0$0$13,033,410
94$21,288,761$0$0$14,257,715
95$23,293,378$0$0$15,603,589
96$25,497,211$0$0$17,083,327
97$27,920,413$0$0$18,710,475
98$30,585,191$0$0$20,499,959
99$33,516,008$0$0$22,468,223
100$36,739,819$0$0$24,633,383