Can I retire at age 43 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$55,328$54,835$54,354$53,885$53,427$51,904
2 years$27,390$26,880$26,386$25,906$25,441$23,919
3 years$18,079$17,566$17,073$16,598$16,141$14,667
4 years$13,424$12,913$12,425$11,958$11,512$10,097
5 years$10,632$10,124$9,642$9,185$8,751$7,400
6 years$8,771$8,267$7,792$7,345$6,924$5,638
7 years$7,442$6,943$6,476$6,039$5,631$4,409
8 years$6,446$5,951$5,492$5,066$4,672$3,513
9 years$5,672$5,182$4,730$4,315$3,934$2,839
10 years$5,053$4,567$4,124$3,720$3,352$2,318
11 years$4,547$4,066$3,630$3,237$2,883$1,908
12 years$4,125$3,649$3,222$2,839$2,498$1,581
13 years$3,769$3,298$2,879$2,507$2,179$1,317
14 years$3,464$2,998$2,586$2,225$1,910$1,102
15 years$3,199$2,739$2,335$1,985$1,682$925
16 years$2,968$2,513$2,117$1,777$1,486$779
17 years$2,765$2,314$1,927$1,597$1,318$657
18 years$2,584$2,138$1,759$1,439$1,172$556
19 years$2,422$1,982$1,610$1,300$1,044$471
20 years$2,277$1,841$1,478$1,178$933$399
21 years$2,146$1,715$1,359$1,069$835$339
22 years$2,027$1,601$1,253$972$748$288
23 years$1,918$1,497$1,157$885$672$245
24 years$1,819$1,403$1,070$807$604$209
25 years$1,727$1,317$991$737$543$178
26 years$1,643$1,237$919$674$489$151
27 years$1,565$1,165$853$617$441$129
28 years$1,493$1,097$793$565$398$110
29 years$1,426$1,035$738$518$359$94
30 years$1,364$978$688$476$325$80
31 years$1,306$924$641$437$294$68
32 years$1,251$875$598$401$266$58
33 years$1,200$828$558$369$240$50
34 years$1,152$785$522$340$218$43
35 years$1,107$745$488$313$197$36
36 years$1,064$707$456$288$179$31
37 years$1,024$671$427$265$162$27
38 years$986$638$400$245$147$23
39 years$950$607$375$226$133$19
40 years$916$577$351$208$121$17
41 years$884$549$329$192$110$14
42 years$853$523$309$177$99$12
43 years$824$498$290$163$90$10
44 years$796$475$272$151$82$9
45 years$770$453$255$139$74$8
46 years$744$432$240$129$67$6
47 years$720$412$225$119$61$6
48 years$697$394$212$110$56$5
49 years$675$376$199$102$51$4
50 years$654$359$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $670,000, adding $2,944 every year, while hoping to spend $47,464 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: 73/11/16 Blend
42$670,000$670,000$670,000$670,000
43$741,377$705,867$695,482$792,604
44$766,496$689,953$668,279$811,039
45$792,586$671,668$638,574$825,141
46$819,697$650,847$606,233$839,340
47$847,881$627,313$571,117$853,634
48$877,193$600,880$533,078$868,023
49$907,694$571,351$491,963$882,508
50$939,449$538,517$447,614$897,089
51$972,526$502,158$399,863$911,771
52$1,007,001$462,041$348,536$926,556
53$1,042,954$417,919$293,450$941,452
54$1,080,471$369,533$234,416$956,467
55$1,119,645$316,606$171,235$971,611
56$1,160,578$258,849$103,701$986,898
57$1,203,378$195,953$31,595$1,002,345
58$1,248,162$127,595$0$1,017,971
59$1,295,059$53,431$0$1,041,543
60$1,344,206$0$0$1,071,608
61$1,395,753$0$0$1,106,097
62$1,449,863$0$0$1,149,099
63$1,506,712$0$0$1,194,288
64$1,566,492$0$0$1,241,818
65$1,629,411$0$0$1,291,856
66$1,695,697$0$0$1,344,583
67$1,765,597$0$0$1,400,200
68$1,839,381$0$0$1,458,921
69$1,917,341$0$0$1,520,982
70$1,999,799$0$0$1,586,641
71$2,087,105$0$0$1,656,179
72$2,179,642$0$0$1,729,901
73$2,277,825$0$0$1,808,145
74$2,382,113$0$0$1,891,276
75$2,493,005$0$0$1,979,695
76$2,611,048$0$0$2,073,842
77$2,736,839$0$0$2,174,197
78$2,871,033$0$0$2,281,285
79$3,014,349$0$0$2,395,685
80$3,167,574$0$0$2,518,026
81$3,331,568$0$0$2,649,004
82$3,507,279$0$0$2,789,376
83$3,695,742$0$0$2,939,976
84$3,898,097$0$0$3,101,720
85$4,115,591$0$0$3,275,610
86$4,349,597$0$0$3,462,748
87$4,601,618$0$0$3,664,345
88$4,873,310$0$0$3,881,730
89$5,166,487$0$0$4,116,361
90$5,483,145$0$0$4,369,844
91$5,825,478$0$0$4,643,942
92$6,195,894$0$0$4,940,590
93$6,597,043$0$0$5,261,921
94$7,031,839$0$0$5,610,275
95$7,503,484$0$0$5,988,227
96$8,015,500$0$0$6,398,611
97$8,571,761$0$0$6,844,540
98$9,176,529$0$0$7,329,443
99$9,834,493$0$0$7,857,088
100$10,550,811$0$0$8,431,624