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%11.1%
1 years$56,980$56,472$55,977$55,494$55,022$54,767
2 years$28,208$27,682$27,173$26,680$26,201$25,943
3 years$18,618$18,091$17,583$17,094$16,623$16,371
4 years$13,825$13,299$12,796$12,315$11,856$11,611
5 years$10,949$10,426$9,930$9,459$9,012$8,776
6 years$9,033$8,514$8,025$7,565$7,131$6,904
7 years$7,664$7,150$6,669$6,219$5,800$5,581
8 years$6,639$6,129$5,656$5,217$4,811$4,601
9 years$5,841$5,336$4,871$4,444$4,052$3,850
10 years$5,204$4,704$4,247$3,831$3,452$3,259
11 years$4,682$4,187$3,739$3,334$2,969$2,785
12 years$4,248$3,758$3,318$2,924$2,573$2,397
13 years$3,881$3,396$2,965$2,582$2,244$2,075
14 years$3,567$3,087$2,664$2,292$1,967$1,807
15 years$3,295$2,820$2,405$2,044$1,732$1,579
16 years$3,057$2,588$2,180$1,830$1,531$1,385
17 years$2,847$2,383$1,984$1,644$1,357$1,219
18 years$2,661$2,202$1,811$1,482$1,207$1,076
19 years$2,495$2,041$1,658$1,339$1,075$952
20 years$2,345$1,896$1,522$1,213$961$843
21 years$2,210$1,766$1,400$1,101$860$749
22 years$2,087$1,649$1,290$1,001$771$666
23 years$1,975$1,542$1,191$911$692$593
24 years$1,873$1,445$1,102$831$622$528
25 years$1,779$1,356$1,020$759$559$471
26 years$1,692$1,274$946$694$504$421
27 years$1,612$1,199$879$635$454$376
28 years$1,538$1,130$817$582$410$337
29 years$1,469$1,066$760$534$370$301
30 years$1,405$1,007$708$490$334$270
31 years$1,345$952$660$450$302$242
32 years$1,288$901$616$413$274$217
33 years$1,236$853$575$380$248$195
34 years$1,186$808$537$350$224$175
35 years$1,140$767$502$322$203$157
36 years$1,096$728$470$297$184$141
37 years$1,055$691$440$273$167$126
38 years$1,015$657$412$252$151$113
39 years$978$625$386$232$137$102
40 years$943$594$362$214$124$92
41 years$910$566$339$198$113$82
42 years$878$539$318$182$102$74
43 years$848$513$299$168$93$67
44 years$820$489$280$155$84$60
45 years$793$467$263$144$77$54
46 years$767$445$247$133$69$48
47 years$742$425$232$123$63$43
48 years$718$406$218$113$57$39
49 years$695$387$205$105$52$35
50 years$674$370$193$97$47$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $690,000, adding $4,994 every year, while hoping to spend $37,206 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: 72/13/15 Blend
42$690,000$690,000$690,000$690,000
43$765,531$728,961$718,266$817,724
44$804,029$725,094$702,741$849,130
45$845,206$719,789$685,449$878,504
46$889,296$712,939$666,292$909,692
47$936,558$704,426$645,166$942,868
48$987,271$694,127$621,963$978,220
49$1,041,746$681,912$596,572$1,015,960
50$1,100,320$667,643$568,873$1,056,319
51$1,163,368$651,172$538,745$1,099,554
52$1,231,296$632,344$506,059$1,145,948
53$1,304,556$610,996$470,679$1,195,815
54$1,383,639$586,954$432,465$1,249,500
55$1,469,088$560,033$391,271$1,307,386
56$1,561,500$530,039$346,943$1,369,895
57$1,661,528$496,766$299,320$1,437,495
58$1,769,892$459,996$248,236$1,510,700
59$1,887,385$419,499$193,516$1,590,082
60$2,014,877$375,033$134,977$1,676,268
61$2,153,324$326,340$72,429$1,769,955
62$2,303,780$273,148$5,672$1,871,909
63$2,467,404$215,170$0$1,982,980
64$2,645,469$152,103$0$2,114,597
65$2,839,379$83,628$0$2,258,952
66$3,050,675$9,405$0$2,416,313
67$3,281,056$0$0$2,587,979
68$3,532,392$0$0$2,785,528
69$3,806,739$0$0$3,002,663
70$4,106,361$0$0$3,239,837
71$4,433,752$0$0$3,499,025
72$4,791,656$0$0$3,782,405
73$5,183,095$0$0$4,092,374
74$5,611,395$0$0$4,431,572
75$6,080,220$0$0$4,802,903
76$6,593,603$0$0$5,209,568
77$7,155,988$0$0$5,655,092
78$7,772,265$0$0$6,143,354
79$8,447,823$0$0$6,678,630
80$9,188,597$0$0$7,265,626
81$10,001,120$0$0$7,909,528
82$10,892,592$0$0$8,616,046
83$11,870,943$0$0$9,391,472
84$12,944,905$0$0$10,242,733
85$14,124,100$0$0$11,177,463
86$15,419,125$0$0$12,204,069
87$16,841,656$0$0$13,331,814
88$18,404,553$0$0$14,570,901
89$20,121,984$0$0$15,932,572
90$22,009,558$0$0$17,429,209
91$24,084,472$0$0$19,074,456
92$26,365,670$0$0$20,883,343
93$28,874,024$0$0$22,872,430
94$31,632,531$0$0$25,059,963
95$34,666,527$0$0$27,466,041
96$38,003,925$0$0$30,112,814
97$41,675,483$0$0$33,024,683
98$45,715,086$0$0$36,228,533
99$50,160,074$0$0$39,753,989
100$55,051,585$0$0$43,633,691