Can I retire at age 43 with 700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$57,805$57,290$56,788$56,298$55,819$53,967
2 years$28,617$28,084$27,567$27,066$26,580$24,733
3 years$18,888$18,353$17,838$17,342$16,864$15,078
4 years$14,025$13,491$12,981$12,494$12,027$10,318
5 years$11,108$10,577$10,074$9,596$9,143$7,514
6 years$9,164$8,637$8,141$7,674$7,235$5,687
7 years$7,776$7,254$6,765$6,309$5,884$4,417
8 years$6,735$6,218$5,738$5,293$4,881$3,495
9 years$5,926$5,414$4,942$4,508$4,111$2,803
10 years$5,279$4,772$4,308$3,886$3,502$2,272
11 years$4,750$4,248$3,793$3,382$3,012$1,856
12 years$4,310$3,813$3,366$2,967$2,610$1,526
13 years$3,938$3,446$3,008$2,619$2,276$1,261
14 years$3,619$3,132$2,702$2,325$1,995$1,046
15 years$3,343$2,861$2,440$2,073$1,757$871
16 years$3,101$2,625$2,212$1,857$1,553$727
17 years$2,889$2,418$2,013$1,668$1,377$608
18 years$2,700$2,234$1,837$1,503$1,224$509
19 years$2,531$2,070$1,682$1,358$1,091$428
20 years$2,379$1,924$1,544$1,230$975$359
21 years$2,242$1,792$1,420$1,117$872$302
22 years$2,117$1,673$1,309$1,015$782$255
23 years$2,004$1,565$1,208$925$702$214
24 years$1,900$1,466$1,118$843$631$181
25 years$1,805$1,376$1,035$770$568$153
26 years$1,717$1,293$960$704$511$129
27 years$1,635$1,217$891$645$461$109
28 years$1,560$1,147$829$591$416$92
29 years$1,490$1,082$771$542$376$78
30 years$1,425$1,021$718$497$339$66
31 years$1,364$966$670$456$307$55
32 years$1,307$914$625$419$278$47
33 years$1,254$865$583$386$251$40
34 years$1,203$820$545$355$227$33
35 years$1,156$778$510$327$206$28
36 years$1,112$738$477$301$187$24
37 years$1,070$701$446$277$169$20
38 years$1,030$666$418$256$153$17
39 years$993$634$391$236$139$14
40 years$957$603$367$217$126$12
41 years$923$574$344$201$114$10
42 years$891$547$323$185$104$9
43 years$861$521$303$171$94$7
44 years$832$496$284$158$86$6
45 years$804$473$267$146$78$5
46 years$778$452$251$135$70$4
47 years$753$431$236$124$64$4
48 years$728$411$221$115$58$3
49 years$705$393$208$106$53$3
50 years$683$375$196$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $700,000, adding $4,856 every year, while hoping to spend $34,467 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: 65/7/28 Blend
42$700,000$700,000$700,000$700,000
43$776,409$739,309$728,459$820,834
44$818,930$738,862$716,190$851,006
45$864,633$737,239$702,354$879,712
46$913,806$734,344$686,864$910,334
47$966,766$730,079$669,625$943,064
48$1,023,860$724,336$650,541$978,117
49$1,085,469$717,005$629,510$1,015,727
50$1,152,014$707,965$606,426$1,056,156
51$1,223,955$697,091$581,177$1,099,692
52$1,301,799$684,248$553,646$1,146,655
53$1,386,102$669,296$523,713$1,197,399
54$1,477,477$652,084$491,250$1,252,314
55$1,576,597$632,454$456,124$1,311,832
56$1,684,203$610,236$418,197$1,376,431
57$1,801,108$585,254$377,323$1,446,640
58$1,928,208$557,320$333,351$1,523,043
59$2,066,490$526,233$286,123$1,606,286
60$2,217,037$491,783$235,473$1,697,082
61$2,381,042$453,748$181,229$1,796,219
62$2,559,819$411,892$123,210$1,904,568
63$2,754,812$365,966$61,229$2,023,093
64$2,967,612$315,707$0$2,152,856
65$3,199,969$260,838$0$2,296,501
66$3,453,811$201,064$0$2,473,473
67$3,731,260$136,076$0$2,666,957
68$4,034,651$65,547$0$2,878,601
69$4,366,556$0$0$3,110,222
70$4,729,807$0$0$3,364,659
71$5,127,523$0$0$3,648,808
72$5,563,136$0$0$3,960,081
73$6,040,430$0$0$4,301,185
74$6,563,567$0$0$4,675,103
75$7,137,136$0$0$5,085,119
76$7,766,187$0$0$5,534,851
77$8,456,285$0$0$6,028,284
78$9,213,558$0$0$6,569,807
79$10,044,757$0$0$7,164,254
80$10,957,318$0$0$7,816,951
81$11,959,432$0$0$8,533,765
82$13,060,123$0$0$9,321,157
83$14,269,330$0$0$10,186,247
84$15,598,004$0$0$11,136,878
85$17,058,208$0$0$12,181,689
86$18,663,234$0$0$13,330,200
87$20,427,722$0$0$14,592,897
88$22,367,805$0$0$15,981,335
89$24,501,254$0$0$17,508,242
90$26,847,651$0$0$19,187,643
91$29,428,570$0$0$21,034,990
92$32,267,780$0$0$23,067,308
93$35,391,470$0$0$25,303,355
94$38,828,496$0$0$27,763,799
95$42,610,653$0$0$30,471,413
96$46,772,972$0$0$33,451,288
97$51,354,052$0$0$36,731,072
98$56,396,425$0$0$40,341,228
99$61,946,954$0$0$44,315,322
100$68,057,277$0$0$48,690,342