Can I retire at age 43 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$48,722$48,288$47,864$47,451$47,047$45,270
2 years$24,120$23,670$23,235$22,813$22,404$20,634
3 years$15,920$15,469$15,035$14,616$14,214$12,507
4 years$11,821$11,371$10,941$10,530$10,137$8,506
5 years$9,362$8,915$8,491$8,088$7,706$6,156
6 years$7,724$7,280$6,862$6,468$6,098$4,628
7 years$6,554$6,114$5,702$5,318$4,959$3,571
8 years$5,677$5,241$4,836$4,461$4,114$2,805
9 years$4,995$4,563$4,165$3,800$3,465$2,233
10 years$4,450$4,022$3,631$3,276$2,952$1,796
11 years$4,004$3,580$3,197$2,851$2,539$1,456
12 years$3,633$3,214$2,837$2,500$2,200$1,188
13 years$3,319$2,904$2,535$2,208$1,919$973
14 years$3,050$2,640$2,278$1,960$1,682$801
15 years$2,817$2,412$2,056$1,748$1,481$661
16 years$2,614$2,213$1,864$1,565$1,309$547
17 years$2,435$2,038$1,697$1,406$1,160$453
18 years$2,275$1,883$1,549$1,267$1,032$377
19 years$2,133$1,745$1,418$1,145$920$313
20 years$2,005$1,622$1,301$1,037$821$261
21 years$1,890$1,510$1,197$941$735$217
22 years$1,785$1,410$1,103$856$659$181
23 years$1,689$1,319$1,018$779$591$151
24 years$1,602$1,236$942$711$532$126
25 years$1,521$1,159$872$649$478$106
26 years$1,447$1,090$809$593$431$88
27 years$1,378$1,026$751$543$389$74
28 years$1,315$966$698$498$351$62
29 years$1,256$912$650$456$317$52
30 years$1,201$861$605$419$286$43
31 years$1,150$814$564$385$259$36
32 years$1,102$770$527$354$234$30
33 years$1,057$729$492$325$212$25
34 years$1,014$691$459$299$192$21
35 years$975$656$430$275$174$18
36 years$937$622$402$254$157$15
37 years$902$591$376$234$143$12
38 years$868$562$352$215$129$10
39 years$837$534$330$199$117$9
40 years$807$508$309$183$106$7
41 years$778$484$290$169$96$6
42 years$751$461$272$156$88$5
43 years$725$439$255$144$79$4
44 years$701$418$240$133$72$4
45 years$678$399$225$123$65$3
46 years$655$381$211$113$59$3
47 years$634$363$199$105$54$2
48 years$614$347$187$97$49$2
49 years$595$331$175$89$45$1
50 years$576$316$165$83$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $590,000, adding $3,408 every year, while hoping to spend $22,367 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: 70/11/19 Blend
42$590,000$590,000$590,000$590,000
43$653,695$622,425$613,280$696,217
44$696,574$629,126$610,027$731,699
45$743,077$635,405$605,915$767,550
46$793,549$641,219$600,892$806,234
47$848,372$646,520$594,903$848,026
48$907,965$651,257$587,890$893,234
49$972,787$655,379$579,795$942,194
50$1,043,345$658,827$570,552$995,279
51$1,120,198$661,541$560,097$1,052,898
52$1,203,958$663,456$548,360$1,115,505
53$1,295,301$664,505$535,269$1,183,597
54$1,394,970$664,614$520,749$1,257,725
55$1,503,783$663,706$504,720$1,338,496
56$1,622,641$661,699$487,100$1,426,579
57$1,752,534$658,506$467,802$1,522,711
58$1,894,554$654,035$446,735$1,627,706
59$2,049,904$648,187$423,806$1,742,462
60$2,219,905$640,860$398,914$1,867,967
61$2,406,015$631,941$371,957$2,005,312
62$2,609,838$621,316$342,828$2,155,701
63$2,833,141$608,860$311,412$2,320,459
64$3,077,870$594,443$277,592$2,501,051
65$3,346,167$577,925$241,246$2,699,088
66$3,640,392$559,159$202,244$2,916,349
67$3,963,146$537,991$160,453$3,154,795
68$4,317,290$514,257$115,731$3,416,589
69$4,705,979$487,780$67,934$3,704,114
70$5,132,686$458,379$16,907$4,019,999
71$5,601,239$425,859$0$4,367,142
72$6,115,852$390,012$0$4,756,351
73$6,681,169$350,623$0$5,187,690
74$7,302,306$307,461$0$5,661,645
75$7,984,898$260,284$0$6,182,538
76$8,735,154$208,834$0$6,755,126
77$9,559,913$152,840$0$7,384,656
78$10,466,711$92,017$0$8,076,905
79$11,463,852$26,061$0$8,838,245
80$12,560,481$0$0$9,675,694
81$13,766,676$0$0$10,602,475
82$15,093,542$0$0$11,625,479
83$16,553,312$0$0$12,750,989
84$18,159,466$0$0$13,989,402
85$19,926,855$0$0$15,352,174
86$21,871,845$0$0$16,851,927
87$24,012,466$0$0$18,502,572
88$26,368,585$0$0$20,319,432
89$28,962,095$0$0$22,319,395
90$31,817,115$0$0$24,521,065
91$34,960,226$0$0$26,944,947
92$38,420,713$0$0$29,613,631
93$42,230,849$0$0$32,552,010
94$46,426,192$0$0$35,787,514
95$51,045,925$0$0$39,350,369
96$56,133,225$0$0$43,273,879
97$61,735,669$0$0$47,594,745
98$67,905,684$0$0$52,353,407
99$74,701,039$0$0$57,594,429
100$82,185,393$0$0$63,366,916