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%13.2%
1 years$58,631$58,109$57,599$57,102$56,616$55,863
2 years$29,025$28,485$27,961$27,453$26,960$26,202
3 years$19,158$18,615$18,093$17,589$17,105$16,366
4 years$14,225$13,684$13,167$12,672$12,199$11,485
5 years$11,266$10,728$10,218$9,733$9,274$8,586
6 years$9,295$8,761$8,258$7,784$7,338$6,678
7 years$7,887$7,357$6,862$6,400$5,968$5,336
8 years$6,831$6,306$5,820$5,368$4,951$4,347
9 years$6,011$5,491$5,012$4,573$4,169$3,593
10 years$5,355$4,840$4,370$3,942$3,552$3,003
11 years$4,818$4,309$3,847$3,430$3,055$2,533
12 years$4,372$3,867$3,414$3,009$2,648$2,151
13 years$3,994$3,495$3,050$2,656$2,309$1,838
14 years$3,670$3,177$2,741$2,358$2,024$1,578
15 years$3,390$2,902$2,475$2,103$1,782$1,360
16 years$3,146$2,663$2,244$1,883$1,575$1,176
17 years$2,930$2,452$2,042$1,692$1,396$1,020
18 years$2,738$2,266$1,864$1,525$1,242$887
19 years$2,567$2,100$1,706$1,378$1,107$772
20 years$2,413$1,951$1,566$1,248$989$674
21 years$2,274$1,818$1,440$1,132$885$589
22 years$2,148$1,697$1,327$1,030$793$516
23 years$2,033$1,587$1,226$938$712$452
24 years$1,927$1,487$1,133$855$640$396
25 years$1,830$1,395$1,050$781$576$348
26 years$1,741$1,311$974$714$519$306
27 years$1,659$1,234$904$654$468$269
28 years$1,582$1,163$841$599$422$236
29 years$1,511$1,097$782$549$381$208
30 years$1,445$1,036$729$504$344$183
31 years$1,383$979$679$463$311$161
32 years$1,326$927$634$425$281$142
33 years$1,272$878$592$391$255$125
34 years$1,221$832$553$360$231$111
35 years$1,173$789$517$331$209$97
36 years$1,128$749$484$305$189$86
37 years$1,085$711$453$281$172$76
38 years$1,045$676$424$259$156$67
39 years$1,007$643$397$239$141$59
40 years$971$612$372$220$128$52
41 years$936$582$349$203$116$46
42 years$904$554$327$188$105$41
43 years$873$528$307$173$96$36
44 years$844$503$288$160$87$32
45 years$816$480$271$148$79$28
46 years$789$458$254$136$72$25
47 years$763$437$239$126$65$22
48 years$739$417$225$117$59$19
49 years$716$398$211$108$54$17
50 years$693$381$198$100$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $710,000, adding $3,324 every year, while hoping to spend $20,371 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: 57/22/21 Blend
42$710,000$710,000$710,000$710,000
43$785,849$748,219$737,214$826,038
44$844,331$763,207$740,236$868,794
45$908,095$778,247$742,676$912,900
46$977,659$793,319$744,494$960,522
47$1,053,592$808,404$745,647$1,012,005
48$1,136,521$823,478$746,089$1,067,728
49$1,227,136$838,518$745,772$1,128,108
50$1,326,197$853,498$744,648$1,193,605
51$1,434,539$868,390$742,664$1,264,728
52$1,553,084$883,162$739,765$1,342,035
53$1,682,845$897,784$735,894$1,426,144
54$1,824,939$912,220$730,991$1,517,735
55$1,980,596$926,432$724,992$1,617,558
56$2,151,170$940,380$717,832$1,726,440
57$2,338,151$954,021$709,442$1,845,293
58$2,543,183$967,308$699,748$1,975,122
59$2,768,074$980,193$688,676$2,117,035
60$3,014,817$992,621$676,146$2,272,256
61$3,285,607$1,004,538$662,075$2,442,131
62$3,582,860$1,015,881$646,376$2,628,146
63$3,909,239$1,026,587$628,957$2,831,939
64$4,267,679$1,036,587$609,725$3,055,316
65$4,661,410$1,045,808$588,578$3,300,269
66$5,093,991$1,054,170$565,413$3,568,993
67$5,569,346$1,061,592$540,122$3,863,908
68$6,091,793$1,067,984$512,590$4,187,684
69$6,666,093$1,073,252$482,699$4,543,262
70$7,297,489$1,077,296$450,323$4,933,886
71$7,991,758$1,080,008$415,334$5,363,132
72$8,755,265$1,081,276$377,596$5,834,944
73$9,595,022$1,080,980$336,966$6,353,666
74$10,518,757$1,078,990$293,297$6,924,091
75$11,534,982$1,075,172$246,433$7,551,502
76$12,653,075$1,069,381$196,214$8,241,721
77$13,883,372$1,061,464$142,471$9,001,169
78$15,237,260$1,051,259$85,028$9,836,922
79$16,727,284$1,038,595$23,700$10,756,781
80$18,367,270$1,023,288$0$11,769,348
81$20,172,448$1,005,146$0$12,893,456
82$22,159,604$983,965$0$14,136,476
83$24,347,231$959,526$0$15,504,659
84$26,755,707$931,602$0$17,010,752
85$29,407,488$899,949$0$18,668,804
86$32,327,315$864,309$0$20,494,296
87$35,542,453$824,412$0$22,504,290
88$39,082,943$779,969$0$24,717,592
89$42,981,892$730,676$0$27,154,925
90$47,275,777$676,211$0$29,839,127
91$52,004,794$616,233$0$32,795,369
92$57,213,238$550,384$0$36,051,391
93$62,949,918$478,282$0$39,637,763
94$69,268,619$399,527$0$43,588,176
95$76,228,608$313,694$0$47,939,761
96$83,895,196$220,335$0$52,733,437
97$92,340,350$118,976$0$58,014,302
98$101,643,378$9,117$0$63,832,054
99$111,891,670$0$0$70,241,466
100$123,181,529$0$0$77,329,473