Can I retire at age 43 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$52,851$52,380$51,921$51,472$51,034$50,355
2 years$26,164$25,676$25,204$24,746$24,302$23,619
3 years$17,269$16,780$16,309$15,855$15,418$14,752
4 years$12,823$12,335$11,869$11,423$10,996$10,353
5 years$10,156$9,671$9,211$8,774$8,359$7,740
6 years$8,378$7,897$7,443$7,016$6,614$6,020
7 years$7,109$6,632$6,186$5,769$5,379$4,810
8 years$6,158$5,685$5,246$4,839$4,463$3,918
9 years$5,418$4,950$4,518$4,122$3,758$3,239
10 years$4,827$4,363$3,939$3,553$3,202$2,707
11 years$4,343$3,884$3,468$3,092$2,754$2,283
12 years$3,941$3,486$3,078$2,712$2,387$1,939
13 years$3,600$3,150$2,750$2,395$2,081$1,657
14 years$3,309$2,864$2,471$2,126$1,824$1,422
15 years$3,056$2,616$2,231$1,896$1,606$1,226
16 years$2,835$2,400$2,022$1,697$1,420$1,060
17 years$2,641$2,210$1,840$1,525$1,259$919
18 years$2,468$2,042$1,680$1,374$1,119$799
19 years$2,314$1,893$1,538$1,242$998$696
20 years$2,175$1,759$1,411$1,125$891$608
21 years$2,050$1,638$1,298$1,021$797$531
22 years$1,936$1,529$1,197$928$715$465
23 years$1,832$1,430$1,105$845$642$407
24 years$1,737$1,340$1,022$771$577$357
25 years$1,650$1,258$946$704$519$314
26 years$1,570$1,182$878$644$467$276
27 years$1,495$1,112$815$589$421$242
28 years$1,426$1,048$758$540$380$213
29 years$1,362$989$705$495$343$188
30 years$1,303$934$657$454$310$165
31 years$1,247$883$612$417$280$145
32 years$1,195$835$571$384$254$128
33 years$1,146$791$533$353$230$113
34 years$1,100$750$498$324$208$100
35 years$1,057$711$466$299$188$88
36 years$1,016$675$436$275$171$77
37 years$978$641$408$253$155$68
38 years$942$609$382$234$140$60
39 years$908$579$358$215$127$53
40 years$875$551$335$199$115$47
41 years$844$525$315$183$105$41
42 years$815$500$295$169$95$37
43 years$787$476$277$156$86$32
44 years$760$454$260$144$78$29
45 years$735$433$244$133$71$25
46 years$711$413$229$123$64$22
47 years$688$394$215$114$59$20
48 years$666$376$202$105$53$17
49 years$645$359$190$97$48$15
50 years$625$343$179$90$44$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $640,000, adding $4,654 every year, while hoping to spend $26,686 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: 71/8/21 Blend
42$640,000$640,000$640,000$640,000
43$710,081$676,161$666,241$756,522
44$754,115$680,899$660,166$792,822
45$801,747$684,975$652,993$828,950
46$853,314$688,328$644,658$867,847
47$909,190$690,894$635,092$909,784
48$969,783$692,603$624,223$955,060
49$1,035,545$693,385$611,978$1,004,005
50$1,106,970$693,159$598,279$1,056,984
51$1,184,602$691,846$583,043$1,114,398
52$1,269,042$689,357$566,185$1,176,691
53$1,360,949$685,600$547,617$1,244,351
54$1,461,048$680,476$527,244$1,317,917
55$1,570,137$673,882$504,969$1,397,984
56$1,689,095$665,706$480,690$1,485,209
57$1,818,889$655,832$454,299$1,580,314
58$1,960,584$644,136$425,686$1,684,099
59$2,115,350$630,486$394,734$1,797,444
60$2,284,479$614,743$361,321$1,921,319
61$2,469,390$596,759$325,319$2,056,797
62$2,671,647$576,379$286,596$2,205,058
63$2,892,970$553,437$245,012$2,367,406
64$3,135,257$527,759$200,424$2,545,278
65$3,400,593$499,160$152,678$2,740,259
66$3,691,278$467,443$101,618$2,954,096
67$4,009,844$432,403$47,077$3,188,718
68$4,359,078$393,821$0$3,446,250
69$4,742,051$351,465$0$3,731,530
70$5,162,146$305,092$0$4,056,069
71$5,623,086$254,444$0$4,412,200
72$6,128,977$199,247$0$4,803,111
73$6,684,336$139,214$0$5,232,312
74$7,294,144$74,041$0$5,703,675
75$7,963,885$3,407$0$6,221,463
76$8,699,599$0$0$6,790,374
77$9,507,944$0$0$7,422,014
78$10,396,251$0$0$8,116,501
79$11,372,598$0$0$8,879,856
80$12,445,884$0$0$9,719,040
81$13,625,913$0$0$10,641,724
82$14,923,488$0$0$11,656,360
83$16,350,509$0$0$12,772,257
84$17,920,088$0$0$13,999,675
85$19,646,672$0$0$15,349,916
86$21,546,177$0$0$16,835,433
87$23,636,142$0$0$18,469,947
88$25,935,889$0$0$20,268,577
89$28,466,710$0$0$22,247,979
90$31,252,062$0$0$24,426,509
91$34,317,796$0$0$26,824,391
92$37,692,393$0$0$29,463,906
93$41,407,235$0$0$32,369,611
94$45,496,903$0$0$35,568,559
95$49,999,500$0$0$39,090,564
96$54,957,012$0$0$42,968,474
97$60,415,704$0$0$47,238,487
98$66,426,554$0$0$51,940,490
99$73,045,737$0$0$57,118,432
100$80,335,153$0$0$62,820,745