Can I retire at age 43 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$47,896$47,469$47,053$46,647$46,250$45,920
2 years$23,711$23,269$22,841$22,426$22,024$21,691
3 years$15,650$15,207$14,780$14,369$13,973$13,648
4 years$11,621$11,179$10,756$10,352$9,966$9,650
5 years$9,204$8,764$8,347$7,951$7,576$7,271
6 years$7,593$7,157$6,746$6,359$5,994$5,702
7 years$6,443$6,010$5,606$5,228$4,875$4,594
8 years$5,580$5,152$4,754$4,385$4,044$3,775
9 years$4,910$4,486$4,095$3,735$3,406$3,148
10 years$4,374$3,954$3,570$3,220$2,902$2,655
11 years$3,936$3,520$3,143$2,802$2,496$2,260
12 years$3,571$3,159$2,789$2,458$2,163$1,938
13 years$3,263$2,855$2,492$2,170$1,886$1,672
14 years$2,998$2,595$2,239$1,926$1,653$1,449
15 years$2,770$2,371$2,022$1,718$1,456$1,262
16 years$2,570$2,175$1,833$1,538$1,287$1,103
17 years$2,393$2,003$1,668$1,382$1,141$966
18 years$2,237$1,851$1,522$1,246$1,014$849
19 years$2,097$1,715$1,394$1,125$904$748
20 years$1,971$1,594$1,279$1,019$808$660
21 years$1,858$1,485$1,177$925$723$583
22 years$1,754$1,386$1,084$841$648$516
23 years$1,660$1,296$1,001$766$581$458
24 years$1,574$1,215$926$699$523$406
25 years$1,495$1,140$858$638$470$361
26 years$1,422$1,071$795$583$424$321
27 years$1,355$1,008$739$534$382$285
28 years$1,293$950$687$489$345$254
29 years$1,235$896$639$449$311$226
30 years$1,181$846$595$412$281$202
31 years$1,130$800$555$378$254$180
32 years$1,083$757$518$348$230$160
33 years$1,039$717$483$320$208$143
34 years$997$680$452$294$188$128
35 years$958$645$422$271$171$114
36 years$921$612$395$249$155$102
37 years$886$581$370$230$140$91
38 years$854$552$346$212$127$81
39 years$822$525$324$195$115$73
40 years$793$500$304$180$104$65
41 years$765$476$285$166$95$58
42 years$738$453$267$153$86$52
43 years$713$431$251$142$78$47
44 years$689$411$236$131$71$42
45 years$666$392$221$121$64$37
46 years$644$374$208$111$58$33
47 years$624$357$195$103$53$30
48 years$604$341$183$95$48$27
49 years$585$326$172$88$44$24
50 years$566$311$162$81$40$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $580,000, adding $4,167 every year, while hoping to spend $33,412 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: 84/10/6 Blend
42$580,000$580,000$580,000$580,000
43$643,458$612,718$603,728$696,950
44$673,541$607,191$588,403$726,956
45$705,572$600,274$571,445$754,933
46$739,715$591,862$552,763$784,605
47$776,150$581,847$532,264$816,120
48$815,072$570,112$509,849$849,642
49$856,696$556,534$485,416$885,351
50$901,258$540,983$458,856$923,444
51$949,016$523,322$430,058$964,139
52$1,000,255$503,403$398,904$1,007,677
53$1,055,284$481,074$365,271$1,054,322
54$1,114,447$456,169$329,031$1,104,365
55$1,178,116$428,518$290,050$1,158,126
56$1,246,705$397,937$248,188$1,215,960
57$1,320,666$364,232$203,298$1,278,254
58$1,400,494$327,200$155,229$1,345,440
59$1,486,736$286,624$103,821$1,417,988
60$1,579,992$242,278$48,908$1,496,421
61$1,680,920$193,918$0$1,581,313
62$1,790,246$141,292$0$1,673,917
63$1,908,766$84,131$0$1,777,692
64$2,037,357$22,150$0$1,890,286
65$2,176,981$0$0$2,012,558
66$2,328,700$0$0$2,150,404
67$2,493,678$0$0$2,302,956
68$2,673,198$0$0$2,468,965
69$2,868,673$0$0$2,649,736
70$3,081,654$0$0$2,846,708
71$3,313,851$0$0$3,061,462
72$3,567,145$0$0$3,295,739
73$3,843,607$0$0$3,551,455
74$4,145,514$0$0$3,830,720
75$4,475,377$0$0$4,135,857
76$4,835,957$0$0$4,469,421
77$5,230,296$0$0$4,834,228
78$5,661,740$0$0$5,233,376
79$6,133,977$0$0$5,670,277
80$6,651,067$0$0$6,148,691
81$7,217,480$0$0$6,672,753
82$7,838,139$0$0$7,247,023
83$8,518,466$0$0$7,876,518
84$9,264,434$0$0$8,566,766
85$10,082,617$0$0$9,323,854
86$10,980,262$0$0$10,154,489
87$11,965,347$0$0$11,066,057
88$13,046,661$0$0$12,066,692
89$14,233,886$0$0$13,165,356
90$15,537,687$0$0$14,371,922
91$16,969,811$0$0$15,697,264
92$18,543,201$0$0$17,153,363
93$20,272,115$0$0$18,753,415
94$22,172,260$0$0$20,511,961
95$24,260,940$0$0$22,445,018
96$26,557,219$0$0$24,570,233
97$29,082,101$0$0$26,907,048
98$31,858,726$0$0$29,476,884
99$34,912,590$0$0$32,303,340
100$38,271,783$0$0$35,412,420