Can I retire at age 43 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$51,199$50,743$50,298$49,864$49,440$48,761
2 years$25,346$24,874$24,417$23,973$23,543$22,860
3 years$16,730$16,255$15,799$15,360$14,936$14,271
4 years$12,422$11,949$11,498$11,066$10,653$10,010
5 years$9,838$9,369$8,923$8,500$8,098$7,480
6 years$8,116$7,650$7,211$6,797$6,408$5,815
7 years$6,887$6,425$5,992$5,588$5,211$4,643
8 years$5,965$5,507$5,082$4,688$4,323$3,781
9 years$5,249$4,795$4,377$3,993$3,641$3,123
10 years$4,676$4,226$3,816$3,442$3,102$2,609
11 years$4,207$3,763$3,360$2,996$2,668$2,199
12 years$3,817$3,377$2,982$2,628$2,312$1,866
13 years$3,488$3,052$2,664$2,320$2,016$1,594
14 years$3,205$2,774$2,393$2,059$1,767$1,367
15 years$2,961$2,534$2,161$1,836$1,556$1,177
16 years$2,747$2,325$1,959$1,644$1,375$1,018
17 years$2,558$2,141$1,783$1,477$1,219$882
18 years$2,391$1,979$1,627$1,331$1,084$766
19 years$2,242$1,834$1,490$1,203$966$667
20 years$2,107$1,704$1,367$1,090$863$582
21 years$1,986$1,587$1,258$989$772$508
22 years$1,875$1,482$1,159$899$692$444
23 years$1,775$1,386$1,070$819$622$389
24 years$1,683$1,298$990$747$559$341
25 years$1,598$1,218$917$682$503$299
26 years$1,521$1,145$850$624$453$263
27 years$1,449$1,078$790$571$408$231
28 years$1,382$1,016$734$523$368$203
29 years$1,320$958$683$480$333$178
30 years$1,262$905$636$440$301$157
31 years$1,208$855$593$404$272$138
32 years$1,158$809$553$372$246$122
33 years$1,110$766$517$342$222$107
34 years$1,066$726$483$314$201$94
35 years$1,024$689$451$289$182$83
36 years$985$654$422$267$165$73
37 years$948$621$395$246$150$65
38 years$912$590$370$226$136$57
39 years$879$561$347$209$123$50
40 years$848$534$325$192$112$44
41 years$818$508$305$178$101$39
42 years$789$484$286$164$92$34
43 years$762$461$268$151$83$30
44 years$737$440$252$140$76$27
45 years$712$419$236$129$69$24
46 years$689$400$222$119$62$21
47 years$667$382$209$110$57$18
48 years$645$364$196$102$51$16
49 years$625$348$184$94$47$14
50 years$605$332$173$87$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $620,000, adding $5,228 every year, while hoping to spend $26,750 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: 79/15/6 Blend
42$620,000$620,000$620,000$620,000
43$688,633$655,773$646,163$742,279
44$730,411$659,444$639,347$781,851
45$775,555$662,398$631,407$821,205
46$824,379$664,573$622,276$863,569
47$877,228$665,900$611,885$909,229
48$934,484$666,308$600,163$958,501
49$996,566$665,721$587,032$1,011,732
50$1,063,933$664,058$572,415$1,069,307
51$1,137,091$661,234$556,228$1,131,646
52$1,216,597$657,158$538,385$1,199,215
53$1,303,065$651,733$518,795$1,272,527
54$1,397,166$644,857$497,363$1,352,145
55$1,499,644$636,421$473,991$1,438,693
56$1,611,313$626,311$448,576$1,532,857
57$1,733,071$614,405$421,008$1,635,392
58$1,865,907$600,574$391,174$1,747,130
59$2,010,909$584,681$358,957$1,868,992
60$2,169,273$566,582$324,234$2,001,987
61$2,342,317$546,123$286,874$2,147,233
62$2,531,493$523,142$246,744$2,305,958
63$2,738,399$497,469$203,703$2,479,518
64$2,964,792$468,922$157,604$2,669,406
65$3,212,610$437,309$108,293$2,877,270
66$3,483,987$402,427$55,611$3,104,924
67$3,781,269$364,062$0$3,354,369
68$4,107,046$321,988$0$3,627,850
69$4,464,163$275,965$0$3,931,561
70$4,855,761$225,739$0$4,264,629
71$5,285,293$171,045$0$4,630,021
72$5,756,566$111,600$0$5,031,006
73$6,273,773$47,105$0$5,471,187
74$6,841,530$0$0$5,954,535
75$7,464,926$0$0$6,489,181
76$8,149,563$0$0$7,084,909
77$8,901,615$0$0$7,739,317
78$9,727,881$0$0$8,458,325
79$10,635,852$0$0$9,248,454
80$11,633,782$0$0$10,116,888
81$12,730,763$0$0$11,071,543
82$13,936,811$0$0$12,121,139
83$15,262,962$0$0$13,275,283
84$16,721,376$0$0$14,544,560
85$18,325,449$0$0$15,940,632
86$20,089,939$0$0$17,476,348
87$22,031,109$0$0$19,165,865
88$24,166,876$0$0$21,024,780
89$26,516,982$0$0$23,070,282
90$29,103,179$0$0$25,321,305
91$31,949,434$0$0$27,798,714
92$35,082,156$0$0$30,525,501
93$38,530,443$0$0$33,526,996
94$42,326,357$0$0$36,831,113
95$46,505,227$0$0$40,468,606
96$51,105,982$0$0$44,473,367
97$56,171,516$0$0$48,882,738
98$61,749,095$0$0$53,737,867
99$67,890,803$0$0$59,084,095
100$74,654,028$0$0$64,971,385