Can I retire at age 43 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$56,980$56,472$55,977$55,494$55,022$53,518
2 years$28,208$27,682$27,173$26,680$26,201$24,697
3 years$18,618$18,091$17,583$17,094$16,623$15,166
4 years$13,825$13,299$12,796$12,315$11,856$10,456
5 years$10,949$10,426$9,930$9,459$9,012$7,675
6 years$9,033$8,514$8,025$7,565$7,131$5,857
7 years$7,664$7,150$6,669$6,219$5,800$4,589
8 years$6,639$6,129$5,656$5,217$4,811$3,663
9 years$5,841$5,336$4,871$4,444$4,052$2,965
10 years$5,204$4,704$4,247$3,831$3,452$2,425
11 years$4,682$4,187$3,739$3,334$2,969$2,001
12 years$4,248$3,758$3,318$2,924$2,573$1,661
13 years$3,881$3,396$2,965$2,582$2,244$1,387
14 years$3,567$3,087$2,664$2,292$1,967$1,162
15 years$3,295$2,820$2,405$2,044$1,732$978
16 years$3,057$2,588$2,180$1,830$1,531$825
17 years$2,847$2,383$1,984$1,644$1,357$698
18 years$2,661$2,202$1,811$1,482$1,207$591
19 years$2,495$2,041$1,658$1,339$1,075$502
20 years$2,345$1,896$1,522$1,213$961$427
21 years$2,210$1,766$1,400$1,101$860$363
22 years$2,087$1,649$1,290$1,001$771$309
23 years$1,975$1,542$1,191$911$692$264
24 years$1,873$1,445$1,102$831$622$225
25 years$1,779$1,356$1,020$759$559$192
26 years$1,692$1,274$946$694$504$164
27 years$1,612$1,199$879$635$454$140
28 years$1,538$1,130$817$582$410$120
29 years$1,469$1,066$760$534$370$103
30 years$1,405$1,007$708$490$334$88
31 years$1,345$952$660$450$302$75
32 years$1,288$901$616$413$274$64
33 years$1,236$853$575$380$248$55
34 years$1,186$808$537$350$224$47
35 years$1,140$767$502$322$203$40
36 years$1,096$728$470$297$184$35
37 years$1,055$691$440$273$167$30
38 years$1,015$657$412$252$151$25
39 years$978$625$386$232$137$22
40 years$943$594$362$214$124$19
41 years$910$566$339$198$113$16
42 years$878$539$318$182$102$14
43 years$848$513$299$168$93$12
44 years$820$489$280$155$84$10
45 years$793$467$263$144$77$9
46 years$767$445$247$133$69$7
47 years$742$425$232$123$63$6
48 years$718$406$218$113$57$5
49 years$695$387$205$105$52$5
50 years$674$370$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $690,000, adding $4,814 every year, while hoping to spend $21,607 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: 53/38/9 Blend
42$690,000$690,000$690,000$690,000
43$765,346$728,776$718,081$803,929
44$820,421$741,496$719,147$843,382
45$880,390$754,115$719,524$883,528
46$945,729$766,606$719,167$926,692
47$1,016,962$778,939$718,028$973,165
48$1,094,666$791,080$716,056$1,023,265
49$1,179,476$802,997$713,198$1,077,346
50$1,272,091$814,653$709,398$1,135,795
51$1,373,281$826,007$704,599$1,199,042
52$1,483,892$837,017$698,740$1,267,557
53$1,604,857$847,639$691,756$1,341,863
54$1,737,203$857,825$683,580$1,422,533
55$1,882,061$867,521$674,144$1,510,201
56$2,040,676$876,675$663,372$1,605,566
57$2,214,419$885,226$651,189$1,709,397
58$2,404,800$893,112$637,515$1,822,545
59$2,613,482$900,267$622,264$1,945,946
60$2,842,297$906,620$605,349$2,080,633
61$3,093,261$912,094$586,678$2,227,747
62$3,368,596$916,609$566,154$2,388,543
63$3,670,751$920,080$543,678$2,564,408
64$4,002,419$922,416$519,143$2,756,870
65$4,366,571$923,520$492,439$2,967,615
66$4,766,477$923,288$463,452$3,198,501
67$5,205,742$921,613$432,062$3,451,578
68$5,688,333$918,378$398,141$3,729,108
69$6,218,624$913,460$361,560$4,033,582
70$6,801,433$906,728$322,181$4,367,750
71$7,442,066$898,044$279,861$4,734,643
72$8,146,370$887,262$234,450$5,137,604
73$8,920,788$874,226$185,792$5,580,319
74$9,772,416$858,771$133,724$6,066,852
75$10,709,074$840,723$78,076$6,601,684
76$11,739,378$819,896$18,669$7,189,759
77$12,872,818$796,094$0$7,836,524
78$14,119,854$769,112$0$8,552,282
79$15,492,009$738,728$0$9,341,556
80$17,001,980$704,712$0$10,209,872
81$18,663,756$666,816$0$11,165,305
82$20,492,751$624,783$0$12,216,753
83$22,505,951$578,337$0$13,374,028
84$24,722,070$527,187$0$14,647,943
85$27,161,729$471,027$0$16,050,420
86$29,847,651$409,533$0$17,594,602
87$32,804,873$342,361$0$19,294,975
88$36,060,983$269,150$0$21,167,508
89$39,646,382$189,517$0$23,229,803
90$43,594,567$103,058$0$25,501,265
91$47,942,452$9,346$0$28,003,283
92$52,730,709$0$0$30,759,434
93$58,004,160$0$0$33,834,202
94$63,812,194$0$0$37,225,065
95$70,209,232$0$0$40,959,899
96$77,255,246$0$0$45,073,729
97$85,016,320$0$0$49,605,152
98$93,565,277$0$0$54,596,697
99$102,982,363$0$0$60,095,232
100$113,356,004$0$0$66,152,403