Can I retire at age 43 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$58,631$58,109$57,599$57,102$56,616$56,142
2 years$29,025$28,485$27,961$27,453$26,960$26,482
3 years$19,158$18,615$18,093$17,589$17,105$16,638
4 years$14,225$13,684$13,167$12,672$12,199$11,747
5 years$11,266$10,728$10,218$9,733$9,274$8,837
6 years$9,295$8,761$8,258$7,784$7,338$6,918
7 years$7,887$7,357$6,862$6,400$5,968$5,565
8 years$6,831$6,306$5,820$5,368$4,951$4,565
9 years$6,011$5,491$5,012$4,573$4,169$3,800
10 years$5,355$4,840$4,370$3,942$3,552$3,199
11 years$4,818$4,309$3,847$3,430$3,055$2,718
12 years$4,372$3,867$3,414$3,009$2,648$2,326
13 years$3,994$3,495$3,050$2,656$2,309$2,003
14 years$3,670$3,177$2,741$2,358$2,024$1,733
15 years$3,390$2,902$2,475$2,103$1,782$1,506
16 years$3,146$2,663$2,244$1,883$1,575$1,313
17 years$2,930$2,452$2,042$1,692$1,396$1,148
18 years$2,738$2,266$1,864$1,525$1,242$1,007
19 years$2,567$2,100$1,706$1,378$1,107$885
20 years$2,413$1,951$1,566$1,248$989$779
21 years$2,274$1,818$1,440$1,132$885$687
22 years$2,148$1,697$1,327$1,030$793$607
23 years$2,033$1,587$1,226$938$712$537
24 years$1,927$1,487$1,133$855$640$475
25 years$1,830$1,395$1,050$781$576$421
26 years$1,741$1,311$974$714$519$373
27 years$1,659$1,234$904$654$468$331
28 years$1,582$1,163$841$599$422$294
29 years$1,511$1,097$782$549$381$262
30 years$1,445$1,036$729$504$344$233
31 years$1,383$979$679$463$311$207
32 years$1,326$927$634$425$281$184
33 years$1,272$878$592$391$255$164
34 years$1,221$832$553$360$231$146
35 years$1,173$789$517$331$209$130
36 years$1,128$749$484$305$189$116
37 years$1,085$711$453$281$172$103
38 years$1,045$676$424$259$156$92
39 years$1,007$643$397$239$141$82
40 years$971$612$372$220$128$73
41 years$936$582$349$203$116$65
42 years$904$554$327$188$105$58
43 years$873$528$307$173$96$52
44 years$844$503$288$160$87$46
45 years$816$480$271$148$79$41
46 years$789$458$254$136$72$37
47 years$763$437$239$126$65$33
48 years$739$417$225$117$59$29
49 years$716$398$211$108$54$26
50 years$693$381$198$100$49$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $710,000, adding $3,315 every year, while hoping to spend $47,767 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: 73/21/6 Blend
42$710,000$710,000$710,000$710,000
43$785,839$748,209$737,204$842,417
44$815,171$734,048$711,077$865,980
45$845,894$717,592$682,473$885,435
46$878,099$698,678$651,260$905,384
47$911,886$677,133$617,298$925,860
48$947,362$652,776$580,441$946,900
49$984,644$625,414$540,537$968,547
50$1,023,859$594,840$497,427$990,848
51$1,065,146$560,841$450,944$1,013,857
52$1,108,655$523,186$400,914$1,037,633
53$1,154,550$481,635$347,157$1,062,245
54$1,203,010$435,931$289,483$1,087,768
55$1,254,230$385,804$227,694$1,114,288
56$1,308,423$330,970$161,582$1,141,900
57$1,365,820$271,125$90,933$1,170,712
58$1,426,676$205,953$15,522$1,200,843
59$1,491,268$135,115$0$1,232,428
60$1,559,899$58,257$0$1,269,776
61$1,632,900$0$0$1,310,228
62$1,710,636$0$0$1,358,770
63$1,793,502$0$0$1,424,886
64$1,881,935$0$0$1,495,462
65$1,976,412$0$0$1,570,883
66$2,077,454$0$0$1,651,567
67$2,185,635$0$0$1,737,975
68$2,301,584$0$0$1,830,612
69$2,425,989$0$0$1,930,032
70$2,559,607$0$0$2,036,843
71$2,703,269$0$0$2,151,712
72$2,857,886$0$0$2,275,371
73$3,024,458$0$0$2,408,626
74$3,204,085$0$0$2,552,359
75$3,397,975$0$0$2,707,542
76$3,607,454$0$0$2,875,241
77$3,833,981$0$0$3,056,629
78$4,079,159$0$0$3,252,994
79$4,344,750$0$0$3,465,752
80$4,632,690$0$0$3,696,462
81$4,945,111$0$0$3,946,836
82$5,284,355$0$0$4,218,758
83$5,653,000$0$0$4,514,300
84$6,053,880$0$0$4,835,743
85$6,490,115$0$0$5,185,594
86$6,965,136$0$0$5,566,613
87$7,482,719$0$0$5,981,836
88$8,047,021$0$0$6,434,606
89$8,662,615$0$0$6,928,602
90$9,334,535$0$0$7,467,871
91$10,068,324$0$0$8,056,871
92$10,870,082$0$0$8,700,509
93$11,746,526$0$0$9,404,185
94$12,705,048$0$0$10,173,847
95$13,753,793$0$0$11,016,044
96$14,901,723$0$0$11,937,986
97$16,158,710$0$0$12,947,612
98$17,535,627$0$0$14,053,666
99$19,044,444$0$0$15,265,778
100$20,698,346$0$0$16,594,552