Can I retire at age 43 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$61,109$60,564$60,033$59,515$59,009$58,175
2 years$30,252$29,688$29,142$28,613$28,099$27,261
3 years$19,967$19,402$18,857$18,333$17,827$17,010
4 years$14,826$14,262$13,723$13,208$12,715$11,925
5 years$11,743$11,182$10,650$10,145$9,665$8,906
6 years$9,687$9,131$8,607$8,113$7,648$6,920
7 years$8,220$7,668$7,152$6,670$6,220$5,523
8 years$7,120$6,573$6,066$5,595$5,160$4,494
9 years$6,265$5,723$5,224$4,766$4,345$3,710
10 years$5,581$5,044$4,555$4,108$3,703$3,098
11 years$5,022$4,491$4,010$3,575$3,184$2,609
12 years$4,556$4,031$3,559$3,136$2,759$2,213
13 years$4,163$3,643$3,179$2,769$2,406$1,888
14 years$3,826$3,311$2,857$2,458$2,109$1,619
15 years$3,534$3,025$2,579$2,192$1,857$1,393
16 years$3,278$2,775$2,338$1,963$1,641$1,203
17 years$3,054$2,556$2,128$1,763$1,455$1,042
18 years$2,854$2,362$1,942$1,589$1,294$905
19 years$2,675$2,189$1,778$1,436$1,153$787
20 years$2,515$2,034$1,632$1,301$1,030$686
21 years$2,370$1,894$1,501$1,180$922$599
22 years$2,238$1,768$1,383$1,073$826$523
23 years$2,119$1,654$1,277$977$742$458
24 years$2,009$1,550$1,181$891$667$401
25 years$1,908$1,454$1,094$814$600$351
26 years$1,815$1,367$1,015$744$540$308
27 years$1,729$1,286$942$681$487$270
28 years$1,649$1,212$876$624$440$238
29 years$1,575$1,143$815$572$397$209
30 years$1,506$1,080$759$525$359$183
31 years$1,442$1,021$708$483$324$161
32 years$1,382$966$661$443$293$142
33 years$1,325$915$617$408$266$125
34 years$1,272$867$576$375$240$110
35 years$1,222$822$539$345$218$97
36 years$1,175$780$504$318$197$85
37 years$1,131$741$472$293$179$75
38 years$1,089$704$442$270$162$66
39 years$1,049$670$414$249$147$58
40 years$1,012$637$388$230$133$51
41 years$976$607$364$212$121$45
42 years$942$578$341$196$110$40
43 years$910$551$320$181$100$35
44 years$879$525$301$167$90$31
45 years$850$500$282$154$82$27
46 years$822$477$265$142$75$24
47 years$796$456$249$131$68$21
48 years$770$435$234$121$61$19
49 years$746$415$220$112$56$16
50 years$722$397$207$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $740,000, adding $2,944 every year, while hoping to spend $27,633 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: 46/31/23 Blend
42$740,000$740,000$740,000$740,000
43$818,517$779,297$767,827$850,646
44$872,604$788,081$764,148$882,311
45$931,282$796,370$759,419$913,692
46$994,990$804,109$753,577$947,182
47$1,064,211$811,242$746,554$982,990
48$1,139,476$817,708$738,279$1,021,350
49$1,221,370$823,443$728,678$1,062,519
50$1,310,535$828,377$717,674$1,106,783
51$1,407,679$832,437$705,186$1,154,458
52$1,513,582$835,546$691,129$1,205,892
53$1,629,099$837,620$675,414$1,261,471
54$1,755,175$838,571$657,948$1,321,625
55$1,892,848$838,306$638,634$1,386,825
56$2,043,261$836,726$617,371$1,457,595
57$2,207,672$833,724$594,051$1,534,513
58$2,387,467$829,189$568,565$1,618,218
59$2,584,172$823,002$540,794$1,709,418
60$2,799,465$815,037$510,619$1,808,895
61$3,035,198$805,161$477,912$1,917,512
62$3,293,406$793,231$442,540$2,036,225
63$3,576,333$779,099$404,364$2,166,089
64$3,886,448$762,605$363,240$2,308,270
65$4,226,474$743,580$319,016$2,464,057
66$4,599,405$721,847$271,534$2,634,874
67$5,008,543$697,216$220,630$2,822,292
68$5,457,524$669,489$166,130$3,028,050
69$5,950,350$638,453$107,855$3,254,065
70$6,491,435$603,885$45,616$3,502,456
71$7,085,635$565,550$0$3,775,564
72$7,738,304$523,196$0$4,081,076
73$8,455,338$476,560$0$4,429,019
74$9,243,234$425,362$0$4,811,387
75$10,109,146$369,307$0$5,231,713
76$11,060,959$308,084$0$5,693,890
77$12,107,358$241,361$0$6,202,214
78$13,257,913$168,792$0$6,761,422
79$14,523,166$90,009$0$7,376,738
80$15,914,733$4,623$0$8,053,924
81$17,445,410$0$0$8,799,333
82$19,129,300$0$0$9,649,914
83$20,981,936$0$0$10,587,569
84$23,020,437$0$0$11,619,395
85$25,263,662$0$0$12,754,952
86$27,732,394$0$0$14,004,773
87$30,449,529$0$0$15,380,463
88$33,440,298$0$0$16,894,810
89$36,732,500$0$0$18,561,906
90$40,356,767$0$0$20,397,276
91$44,346,852$0$0$22,418,028
92$48,739,947$0$0$24,643,014
93$53,577,034$0$0$27,093,007
94$58,903,271$0$0$29,790,895
95$64,768,418$0$0$32,761,902
96$71,227,305$0$0$36,033,820
97$78,340,353$0$0$39,637,276
98$86,174,139$0$0$43,606,016
99$94,802,028$0$0$47,977,228
100$104,304,863$0$0$52,791,891