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%19.2%
1 years$52,851$52,380$51,921$51,472$51,034$49,146
2 years$26,164$25,676$25,204$24,746$24,302$22,420
3 years$17,269$16,780$16,309$15,855$15,418$13,603
4 years$12,823$12,335$11,869$11,423$10,996$9,261
5 years$10,156$9,671$9,211$8,774$8,359$6,709
6 years$8,378$7,897$7,443$7,016$6,614$5,050
7 years$7,109$6,632$6,186$5,769$5,379$3,900
8 years$6,158$5,685$5,246$4,839$4,463$3,068
9 years$5,418$4,950$4,518$4,122$3,758$2,446
10 years$4,827$4,363$3,939$3,553$3,202$1,969
11 years$4,343$3,884$3,468$3,092$2,754$1,598
12 years$3,941$3,486$3,078$2,712$2,387$1,305
13 years$3,600$3,150$2,750$2,395$2,081$1,071
14 years$3,309$2,864$2,471$2,126$1,824$883
15 years$3,056$2,616$2,231$1,896$1,606$729
16 years$2,835$2,400$2,022$1,697$1,420$604
17 years$2,641$2,210$1,840$1,525$1,259$502
18 years$2,468$2,042$1,680$1,374$1,119$417
19 years$2,314$1,893$1,538$1,242$998$348
20 years$2,175$1,759$1,411$1,125$891$290
21 years$2,050$1,638$1,298$1,021$797$242
22 years$1,936$1,529$1,197$928$715$202
23 years$1,832$1,430$1,105$845$642$169
24 years$1,737$1,340$1,022$771$577$141
25 years$1,650$1,258$946$704$519$118
26 years$1,570$1,182$878$644$467$99
27 years$1,495$1,112$815$589$421$83
28 years$1,426$1,048$758$540$380$70
29 years$1,362$989$705$495$343$58
30 years$1,303$934$657$454$310$49
31 years$1,247$883$612$417$280$41
32 years$1,195$835$571$384$254$34
33 years$1,146$791$533$353$230$29
34 years$1,100$750$498$324$208$24
35 years$1,057$711$466$299$188$20
36 years$1,016$675$436$275$171$17
37 years$978$641$408$253$155$14
38 years$942$609$382$234$140$12
39 years$908$579$358$215$127$10
40 years$875$551$335$199$115$8
41 years$844$525$315$183$105$7
42 years$815$500$295$169$95$6
43 years$787$476$277$156$86$5
44 years$760$454$260$144$78$4
45 years$735$433$244$133$71$3
46 years$711$413$229$123$64$3
47 years$688$394$215$114$59$2
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$2
50 years$625$343$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $640,000, adding $3,067 every year, while hoping to spend $48,311 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: 64/7/29 Blend
42$640,000$640,000$640,000$640,000
43$708,444$674,524$664,604$748,125
44$729,302$656,173$635,465$757,035
45$750,669$635,303$603,732$761,188
46$772,546$611,741$569,265$764,688
47$794,931$585,302$531,920$767,476
48$817,822$555,790$491,548$769,493
49$841,215$522,999$447,990$770,673
50$865,103$486,710$401,082$770,945
51$889,478$446,693$350,653$770,236
52$914,327$402,704$296,522$768,466
53$939,636$354,483$238,502$765,548
54$965,385$301,760$176,399$761,392
55$991,553$244,245$110,007$755,898
56$1,018,113$181,634$39,113$748,964
57$1,045,032$113,606$0$740,475
58$1,072,274$39,821$0$741,618
59$1,099,796$0$0$754,608
60$1,127,546$0$0$770,352
61$1,155,467$0$0$789,261
62$1,183,492$0$0$808,218
63$1,211,547$0$0$827,171
64$1,239,544$0$0$846,056
65$1,267,387$0$0$864,806
66$1,294,963$0$0$883,339
67$1,322,149$0$0$901,569
68$1,348,803$0$0$919,394
69$1,374,768$0$0$936,702
70$1,399,866$0$0$953,366
71$1,423,897$0$0$969,246
72$1,446,638$0$0$984,182
73$1,467,840$0$0$997,999
74$1,487,224$0$0$1,010,497
75$1,504,480$0$0$1,021,458
76$1,519,262$0$0$1,030,635
77$1,531,183$0$0$1,037,755
78$1,539,814$0$0$1,042,514
79$1,544,677$0$0$1,044,574
80$1,545,243$0$0$1,043,560
81$1,540,920$0$0$1,039,054
82$1,531,056$0$0$1,030,594
83$1,514,924$0$0$1,017,666
84$1,491,719$0$0$999,700
85$1,460,549$0$0$976,066
86$1,420,425$0$0$946,066
87$1,370,251$0$0$908,924
88$1,308,815$0$0$863,783
89$1,234,776$0$0$809,697
90$1,146,646$0$0$745,614
91$1,042,784$0$0$670,375
92$921,372$0$0$582,695
93$780,401$0$0$481,157
94$617,650$0$0$364,191
95$430,665$0$0$230,064
96$216,732$0$0$76,860
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0