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%14.3%
1 years$61,109$60,564$60,033$59,515$59,009$57,960
2 years$30,252$29,688$29,142$28,613$28,099$27,046
3 years$19,967$19,402$18,857$18,333$17,827$16,803
4 years$14,826$14,262$13,723$13,208$12,715$11,726
5 years$11,743$11,182$10,650$10,145$9,665$8,716
6 years$9,687$9,131$8,607$8,113$7,648$6,739
7 years$8,220$7,668$7,152$6,670$6,220$5,352
8 years$7,120$6,573$6,066$5,595$5,160$4,332
9 years$6,265$5,723$5,224$4,766$4,345$3,558
10 years$5,581$5,044$4,555$4,108$3,703$2,954
11 years$5,022$4,491$4,010$3,575$3,184$2,474
12 years$4,556$4,031$3,559$3,136$2,759$2,087
13 years$4,163$3,643$3,179$2,769$2,406$1,770
14 years$3,826$3,311$2,857$2,458$2,109$1,508
15 years$3,534$3,025$2,579$2,192$1,857$1,290
16 years$3,278$2,775$2,338$1,963$1,641$1,107
17 years$3,054$2,556$2,128$1,763$1,455$953
18 years$2,854$2,362$1,942$1,589$1,294$822
19 years$2,675$2,189$1,778$1,436$1,153$710
20 years$2,515$2,034$1,632$1,301$1,030$615
21 years$2,370$1,894$1,501$1,180$922$533
22 years$2,238$1,768$1,383$1,073$826$462
23 years$2,119$1,654$1,277$977$742$402
24 years$2,009$1,550$1,181$891$667$349
25 years$1,908$1,454$1,094$814$600$304
26 years$1,815$1,367$1,015$744$540$265
27 years$1,729$1,286$942$681$487$231
28 years$1,649$1,212$876$624$440$201
29 years$1,575$1,143$815$572$397$175
30 years$1,506$1,080$759$525$359$153
31 years$1,442$1,021$708$483$324$134
32 years$1,382$966$661$443$293$117
33 years$1,325$915$617$408$266$102
34 years$1,272$867$576$375$240$89
35 years$1,222$822$539$345$218$78
36 years$1,175$780$504$318$197$68
37 years$1,131$741$472$293$179$59
38 years$1,089$704$442$270$162$52
39 years$1,049$670$414$249$147$45
40 years$1,012$637$388$230$133$40
41 years$976$607$364$212$121$35
42 years$942$578$341$196$110$30
43 years$910$551$320$181$100$27
44 years$879$525$301$167$90$23
45 years$850$500$282$154$82$20
46 years$822$477$265$142$75$18
47 years$796$456$249$131$68$16
48 years$770$435$234$121$61$14
49 years$746$415$220$112$56$12
50 years$722$397$207$104$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $740,000, adding $3,369 every year, while hoping to spend $24,568 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: 41/34/25 Blend
42$740,000$740,000$740,000$740,000
43$818,955$779,735$768,265$846,389
44$876,348$791,802$767,862$878,500
45$938,772$803,637$766,622$910,660
46$1,006,714$815,202$764,491$944,988
47$1,080,710$826,458$761,412$981,699
48$1,161,350$837,362$757,326$1,021,027
49$1,249,282$847,867$752,172$1,063,234
50$1,345,223$857,926$745,883$1,108,609
51$1,449,957$867,487$738,392$1,157,471
52$1,564,352$876,492$729,627$1,210,172
53$1,689,359$884,883$719,513$1,267,103
54$1,826,028$892,598$707,971$1,328,695
55$1,975,515$899,567$694,920$1,395,425
56$2,139,091$905,720$680,274$1,467,820
57$2,318,158$910,979$663,942$1,546,461
58$2,514,257$915,264$645,831$1,631,994
59$2,729,087$918,487$625,842$1,725,129
60$2,964,518$920,558$603,873$1,826,651
61$3,222,611$921,377$579,814$1,937,429
62$3,505,635$920,842$553,555$2,058,422
63$3,816,087$918,841$524,977$2,190,690
64$4,156,722$915,258$493,958$2,335,402
65$4,530,570$909,968$460,368$2,493,851
66$4,940,971$902,840$424,073$2,667,464
67$5,391,605$893,733$384,934$2,857,817
68$5,886,522$882,500$342,803$3,066,651
69$6,430,188$868,983$297,527$3,295,887
70$7,027,519$853,015$248,947$3,547,646
71$7,683,935$834,421$196,895$3,824,270
72$8,405,402$813,014$141,197$4,128,345
73$9,198,497$788,595$81,671$4,462,723
74$10,070,463$760,956$18,126$4,830,554
75$11,029,282$729,874$0$5,235,314
76$12,083,747$695,116$0$5,694,092
77$13,243,546$656,434$0$6,203,891
78$14,519,353$613,564$0$6,764,597
79$15,922,928$566,231$0$7,381,426
80$17,467,231$514,140$0$8,060,127
81$19,166,537$456,981$0$8,807,040
82$21,036,578$394,428$0$9,629,155
83$23,094,688$326,134$0$10,534,180
84$25,359,965$251,734$0$11,530,613
85$27,853,454$170,841$0$12,627,824
86$30,598,341$83,047$0$13,836,145
87$33,620,178$0$0$15,166,964
88$36,947,118$0$0$16,637,358
89$40,610,182$0$0$18,290,637
90$44,643,555$0$0$20,111,173
91$49,084,902$0$0$22,115,982
92$53,975,729$0$0$24,323,817
93$59,361,772$0$0$26,755,338
94$65,293,427$0$0$29,433,316
95$71,826,229$0$0$32,382,838
96$79,021,373$0$0$35,631,553
97$86,946,290$0$0$39,209,925
98$95,675,289$0$0$43,151,525
99$105,290,250$0$0$47,493,348
100$115,881,404$0$0$52,276,158