Can I retire at age 43 with 700,000?

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 $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%16%
1 years$57,805$57,290$56,788$56,298$55,819$54,447
2 years$28,617$28,084$27,567$27,066$26,580$25,207
3 years$18,888$18,353$17,838$17,342$16,864$15,532
4 years$14,025$13,491$12,981$12,494$12,027$10,747
5 years$11,108$10,577$10,074$9,596$9,143$7,917
6 years$9,164$8,637$8,141$7,674$7,235$6,065
7 years$7,776$7,254$6,765$6,309$5,884$4,770
8 years$6,735$6,218$5,738$5,293$4,881$3,824
9 years$5,926$5,414$4,942$4,508$4,111$3,108
10 years$5,279$4,772$4,308$3,886$3,502$2,554
11 years$4,750$4,248$3,793$3,382$3,012$2,116
12 years$4,310$3,813$3,366$2,967$2,610$1,765
13 years$3,938$3,446$3,008$2,619$2,276$1,480
14 years$3,619$3,132$2,702$2,325$1,995$1,247
15 years$3,343$2,861$2,440$2,073$1,757$1,054
16 years$3,101$2,625$2,212$1,857$1,553$894
17 years$2,889$2,418$2,013$1,668$1,377$760
18 years$2,700$2,234$1,837$1,503$1,224$647
19 years$2,531$2,070$1,682$1,358$1,091$552
20 years$2,379$1,924$1,544$1,230$975$472
21 years$2,242$1,792$1,420$1,117$872$404
22 years$2,117$1,673$1,309$1,015$782$346
23 years$2,004$1,565$1,208$925$702$297
24 years$1,900$1,466$1,118$843$631$254
25 years$1,805$1,376$1,035$770$568$218
26 years$1,717$1,293$960$704$511$188
27 years$1,635$1,217$891$645$461$161
28 years$1,560$1,147$829$591$416$139
29 years$1,490$1,082$771$542$376$119
30 years$1,425$1,021$718$497$339$103
31 years$1,364$966$670$456$307$88
32 years$1,307$914$625$419$278$76
33 years$1,254$865$583$386$251$65
34 years$1,203$820$545$355$227$56
35 years$1,156$778$510$327$206$49
36 years$1,112$738$477$301$187$42
37 years$1,070$701$446$277$169$36
38 years$1,030$666$418$256$153$31
39 years$993$634$391$236$139$27
40 years$957$603$367$217$126$23
41 years$923$574$344$201$114$20
42 years$891$547$323$185$104$17
43 years$861$521$303$171$94$15
44 years$832$496$284$158$86$13
45 years$804$473$267$146$78$11
46 years$778$452$251$135$70$9
47 years$753$431$236$124$64$8
48 years$728$411$221$115$58$7
49 years$705$393$208$106$53$6
50 years$683$375$196$98$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $700,000, adding $6,317 every year, while hoping to spend $46,872 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: 72/20/8 Blend
42$700,000$700,000$700,000$700,000
43$777,916$740,816$729,966$832,447
44$807,392$727,245$704,548$855,730
45$838,304$711,437$676,708$874,773
46$870,748$693,235$646,315$894,323
47$904,830$672,469$613,233$914,417
48$940,664$648,961$577,317$935,096
49$978,375$622,524$538,421$956,407
50$1,018,098$592,956$496,386$978,404
51$1,059,980$560,047$451,052$1,001,145
52$1,104,182$523,574$402,247$1,024,698
53$1,150,880$483,300$349,793$1,049,136
54$1,200,264$438,977$293,506$1,074,545
55$1,252,544$390,339$233,190$1,101,019
56$1,307,946$337,108$168,645$1,128,662
57$1,366,720$278,990$99,658$1,157,595
58$1,429,137$215,672$26,009$1,187,948
59$1,495,497$146,828$0$1,219,871
60$1,566,123$72,108$0$1,258,018
61$1,641,373$0$0$1,300,747
62$1,721,637$0$0$1,348,013
63$1,807,342$0$0$1,415,448
64$1,898,958$0$0$1,487,554
65$1,996,997$0$0$1,564,739
66$2,102,023$0$0$1,647,448
67$2,214,653$0$0$1,736,172
68$2,335,566$0$0$1,831,447
69$2,465,505$0$0$1,933,862
70$2,605,287$0$0$2,044,066
71$2,755,808$0$0$2,162,769
72$2,918,053$0$0$2,290,751
73$3,093,103$0$0$2,428,869
74$3,282,147$0$0$2,578,066
75$3,486,489$0$0$2,739,377
76$3,707,566$0$0$2,913,940
77$3,946,955$0$0$3,103,005
78$4,206,390$0$0$3,307,948
79$4,487,777$0$0$3,530,281
80$4,793,215$0$0$3,771,666
81$5,125,009$0$0$4,033,934
82$5,485,698$0$0$4,319,096
83$5,878,071$0$0$4,629,367
84$6,305,201$0$0$4,967,181
85$6,770,467$0$0$5,335,220
86$7,277,587$0$0$5,736,431
87$7,830,654$0$0$6,174,063
88$8,434,172$0$0$6,651,687
89$9,093,100$0$0$7,173,237
90$9,812,897$0$0$7,743,042
91$10,599,569$0$0$8,365,868
92$11,459,734$0$0$9,046,964
93$12,400,675$0$0$9,792,105
94$13,430,410$0$0$10,607,656
95$14,557,773$0$0$11,500,620
96$15,792,486$0$0$12,478,713
97$17,145,259$0$0$13,550,429
98$18,627,886$0$0$14,725,126
99$20,253,356$0$0$16,013,107
100$22,035,975$0$0$17,425,722