Can I retire at age 43 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$59,457$58,927$58,411$57,906$57,414$56,301
2 years$29,434$28,886$28,355$27,840$27,340$26,223
3 years$19,428$18,877$18,347$17,837$17,346$16,260
4 years$14,426$13,877$13,352$12,851$12,371$11,324
5 years$11,425$10,880$10,362$9,870$9,404$8,400
6 years$9,425$8,884$8,374$7,894$7,441$6,481
7 years$7,998$7,461$6,959$6,490$6,052$5,135
8 years$6,927$6,395$5,902$5,444$5,020$4,147
9 years$6,095$5,568$5,083$4,637$4,228$3,397
10 years$5,430$4,908$4,431$3,997$3,602$2,814
11 years$4,886$4,369$3,901$3,479$3,098$2,351
12 years$4,433$3,922$3,462$3,051$2,685$1,978
13 years$4,050$3,544$3,093$2,694$2,341$1,673
14 years$3,722$3,221$2,779$2,391$2,052$1,422
15 years$3,438$2,943$2,509$2,133$1,807$1,213
16 years$3,190$2,700$2,275$1,910$1,597$1,038
17 years$2,971$2,487$2,070$1,716$1,416$891
18 years$2,777$2,298$1,890$1,546$1,259$766
19 years$2,603$2,130$1,730$1,397$1,122$660
20 years$2,447$1,979$1,588$1,265$1,002$569
21 years$2,306$1,843$1,461$1,148$897$492
22 years$2,178$1,721$1,346$1,044$804$426
23 years$2,061$1,609$1,243$951$722$369
24 years$1,954$1,508$1,149$867$649$320
25 years$1,856$1,415$1,065$792$584$277
26 years$1,766$1,330$987$724$526$241
27 years$1,682$1,252$917$663$474$209
28 years$1,605$1,179$852$607$428$182
29 years$1,533$1,113$793$557$386$158
30 years$1,466$1,051$739$511$349$137
31 years$1,403$993$689$469$316$120
32 years$1,344$940$643$431$285$104
33 years$1,289$890$600$397$258$91
34 years$1,238$844$561$365$234$79
35 years$1,189$800$524$336$212$69
36 years$1,144$759$490$309$192$60
37 years$1,100$721$459$285$174$52
38 years$1,060$685$430$263$158$45
39 years$1,021$652$403$242$143$40
40 years$984$620$377$224$130$34
41 years$950$590$354$206$118$30
42 years$917$562$332$190$107$26
43 years$885$536$312$176$97$23
44 years$855$511$292$162$88$20
45 years$827$487$275$150$80$17
46 years$800$464$258$138$73$15
47 years$774$443$242$128$66$13
48 years$749$423$228$118$60$11
49 years$726$404$214$109$54$10
50 years$703$386$201$101$49$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $720,000, adding $5,304 every year, while hoping to spend $44,543 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: 45/47/8 Blend
42$720,000$720,000$720,000$720,000
43$798,911$760,751$749,591$832,838
44$833,007$750,634$727,309$846,701
45$869,087$738,529$702,788$856,705
46$907,308$724,291$675,905$866,526
47$947,838$707,767$646,533$876,163
48$990,865$688,794$614,539$885,618
49$1,036,590$667,202$579,782$894,895
50$1,085,235$642,808$542,119$904,002
51$1,137,045$615,421$501,395$912,954
52$1,192,284$584,837$457,452$921,767
53$1,251,244$550,841$410,124$930,469
54$1,314,244$513,206$359,237$939,089
55$1,381,635$471,691$304,609$947,669
56$1,453,800$426,042$246,051$956,258
57$1,531,159$375,990$183,366$964,916
58$1,614,175$321,251$116,346$973,715
59$1,703,354$261,525$44,777$982,740
60$1,799,252$196,496$0$992,092
61$1,902,480$125,828$0$1,004,588
62$2,013,707$49,168$0$1,021,922
63$2,133,671$0$0$1,040,449
64$2,263,180$0$0$1,077,887
65$2,403,122$0$0$1,145,885
66$2,554,476$0$0$1,219,498
67$2,718,314$0$0$1,299,256
68$2,895,816$0$0$1,385,744
69$3,088,282$0$0$1,479,603
70$3,297,137$0$0$1,581,540
71$3,523,952$0$0$1,692,332
72$3,770,452$0$0$1,812,833
73$4,038,539$0$0$1,943,984
74$4,330,300$0$0$2,086,818
75$4,648,035$0$0$2,242,475
76$4,994,275$0$0$2,412,207
77$5,371,804$0$0$2,597,393
78$5,783,687$0$0$2,799,552
79$6,233,296$0$0$3,020,353
80$6,724,345$0$0$3,261,635
81$7,260,921$0$0$3,525,425
82$7,847,525$0$0$3,813,951
83$8,489,111$0$0$4,129,668
84$9,191,135$0$0$4,475,280
85$9,959,604$0$0$4,853,761
86$10,801,132$0$0$5,268,391
87$11,723,004$0$0$5,722,779
88$12,733,242$0$0$6,220,900
89$13,840,680$0$0$6,767,133
90$15,055,050$0$0$7,366,300
91$16,387,068$0$0$8,023,714
92$17,848,538$0$0$8,745,224
93$19,452,463$0$0$9,537,276
94$21,213,165$0$0$10,406,968
95$23,146,420$0$0$11,362,120
96$25,269,606$0$0$12,411,348
97$27,601,868$0$0$13,564,142
98$30,164,296$0$0$14,830,956
99$32,980,123$0$0$16,223,308
100$36,074,945$0$0$17,753,887