Can I retire at age 43 with 620,000?

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 $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%17.7%
1 years$51,199$50,743$50,298$49,864$49,440$47,895
2 years$25,346$24,874$24,417$23,973$23,543$22,001
3 years$16,730$16,255$15,799$15,360$14,936$13,445
4 years$12,422$11,949$11,498$11,066$10,653$9,223
5 years$9,838$9,369$8,923$8,500$8,098$6,734
6 years$8,116$7,650$7,211$6,797$6,408$5,111
7 years$6,887$6,425$5,992$5,588$5,211$3,982
8 years$5,965$5,507$5,082$4,688$4,323$3,160
9 years$5,249$4,795$4,377$3,993$3,641$2,542
10 years$4,676$4,226$3,816$3,442$3,102$2,067
11 years$4,207$3,763$3,360$2,996$2,668$1,694
12 years$3,817$3,377$2,982$2,628$2,312$1,397
13 years$3,488$3,052$2,664$2,320$2,016$1,158
14 years$3,205$2,774$2,393$2,059$1,767$964
15 years$2,961$2,534$2,161$1,836$1,556$805
16 years$2,747$2,325$1,959$1,644$1,375$675
17 years$2,558$2,141$1,783$1,477$1,219$566
18 years$2,391$1,979$1,627$1,331$1,084$476
19 years$2,242$1,834$1,490$1,203$966$401
20 years$2,107$1,704$1,367$1,090$863$339
21 years$1,986$1,587$1,258$989$772$286
22 years$1,875$1,482$1,159$899$692$242
23 years$1,775$1,386$1,070$819$622$205
24 years$1,683$1,298$990$747$559$173
25 years$1,598$1,218$917$682$503$147
26 years$1,521$1,145$850$624$453$124
27 years$1,449$1,078$790$571$408$105
28 years$1,382$1,016$734$523$368$89
29 years$1,320$958$683$480$333$76
30 years$1,262$905$636$440$301$64
31 years$1,208$855$593$404$272$55
32 years$1,158$809$553$372$246$46
33 years$1,110$766$517$342$222$39
34 years$1,066$726$483$314$201$33
35 years$1,024$689$451$289$182$28
36 years$985$654$422$267$165$24
37 years$948$621$395$246$150$20
38 years$912$590$370$226$136$17
39 years$879$561$347$209$123$15
40 years$848$534$325$192$112$13
41 years$818$508$305$178$101$11
42 years$789$484$286$164$92$9
43 years$762$461$268$151$83$8
44 years$737$440$252$140$76$7
45 years$712$419$236$129$69$6
46 years$689$400$222$119$62$5
47 years$667$382$209$110$57$4
48 years$645$364$196$102$51$3
49 years$625$348$184$94$47$3
50 years$605$332$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $620,000, adding $6,903 every year, while hoping to spend $31,416 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: 63/14/23 Blend
42$620,000$620,000$620,000$620,000
43$690,360$657,500$647,890$729,296
44$727,351$656,292$636,168$755,209
45$767,061$653,971$623,001$779,390
46$809,736$650,450$608,306$805,093
47$855,644$645,636$591,998$832,470
48$905,078$639,431$573,989$861,689
49$958,362$631,730$554,184$892,938
50$1,015,853$622,422$532,487$926,423
51$1,077,938$611,389$508,794$962,375
52$1,145,049$598,508$482,999$1,001,046
53$1,217,655$583,646$454,991$1,042,720
54$1,296,275$566,664$424,652$1,087,707
55$1,381,478$547,414$391,861$1,136,352
56$1,473,892$525,739$356,491$1,189,037
57$1,574,203$501,475$318,408$1,246,183
58$1,683,171$474,446$277,474$1,308,260
59$1,801,628$444,468$233,543$1,375,783
60$1,930,491$411,344$186,463$1,449,323
61$2,070,768$374,867$136,077$1,529,515
62$2,223,570$334,819$82,219$1,617,056
63$2,390,118$290,968$24,717$1,712,720
64$2,571,755$243,071$0$1,817,361
65$2,769,961$190,869$0$1,940,918
66$2,986,365$134,090$0$2,082,499
67$3,222,759$72,445$0$2,237,234
68$3,481,116$5,630$0$2,406,447
69$3,763,610$0$0$2,591,600
70$4,072,631$0$0$2,804,575
71$4,410,814$0$0$3,038,641
72$4,781,060$0$0$3,294,944
73$5,186,561$0$0$3,575,700
74$5,630,835$0$0$3,883,350
75$6,117,755$0$0$4,220,583
76$6,651,587$0$0$4,590,360
77$7,237,030$0$0$4,995,941
78$7,879,257$0$0$5,440,917
79$8,583,969$0$0$5,929,247
80$9,357,445$0$0$6,465,287
81$10,206,599$0$0$7,053,837
82$11,139,049$0$0$7,700,186
83$12,163,188$0$0$8,410,158
84$13,288,259$0$0$9,190,171
85$14,524,448$0$0$10,047,294
86$15,882,972$0$0$10,989,315
87$17,376,192$0$0$12,024,814
88$19,017,725$0$0$13,163,243
89$20,822,573$0$0$14,415,017
90$22,807,264$0$0$15,791,609
91$24,990,009$0$0$17,305,661
92$27,390,871$0$0$18,971,100
93$30,031,954$0$0$20,803,272
94$32,937,615$0$0$22,819,085
95$36,134,689$0$0$25,037,168
96$39,652,745$0$0$27,478,047
97$43,524,359$0$0$30,164,339
98$47,785,430$0$0$33,120,965
99$52,475,511$0$0$36,375,382
100$57,638,182$0$0$39,957,846