Can I retire at age 43 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$69,366$68,749$68,146$67,557$66,983$65,310
2 years$34,340$33,700$33,080$32,479$31,897$30,222
3 years$22,666$22,023$21,405$20,810$20,236$18,613
4 years$16,830$16,190$15,578$14,992$14,433$12,872
5 years$13,329$12,693$12,089$11,516$10,972$9,478
6 years$10,996$10,365$9,770$9,209$8,681$7,257
7 years$9,331$8,704$8,119$7,571$7,060$5,704
8 years$8,082$7,461$6,885$6,351$5,857$4,570
9 years$7,111$6,496$5,930$5,410$4,933$3,712
10 years$6,335$5,726$5,170$4,663$4,203$3,048
11 years$5,700$5,098$4,552$4,059$3,615$2,524
12 years$5,172$4,575$4,039$3,560$3,132$2,104
13 years$4,725$4,135$3,609$3,143$2,731$1,763
14 years$4,342$3,758$3,243$2,790$2,394$1,484
15 years$4,011$3,433$2,928$2,488$2,108$1,254
16 years$3,722$3,150$2,654$2,228$1,863$1,062
17 years$3,466$2,901$2,415$2,002$1,652$902
18 years$3,240$2,681$2,205$1,804$1,469$768
19 years$3,037$2,484$2,019$1,630$1,309$655
20 years$2,855$2,309$1,853$1,476$1,169$559
21 years$2,690$2,150$1,704$1,340$1,047$478
22 years$2,541$2,007$1,570$1,218$938$409
23 years$2,405$1,877$1,450$1,109$842$351
24 years$2,280$1,759$1,341$1,012$757$301
25 years$2,166$1,651$1,242$924$681$258
26 years$2,060$1,551$1,152$845$613$221
27 years$1,963$1,460$1,070$773$553$190
28 years$1,872$1,376$994$709$499$163
29 years$1,788$1,298$925$650$451$140
30 years$1,710$1,226$862$596$407$121
31 years$1,637$1,159$804$548$368$104
32 years$1,568$1,096$750$503$333$89
33 years$1,504$1,038$700$463$301$77
34 years$1,444$984$654$426$273$66
35 years$1,387$933$612$392$247$57
36 years$1,334$886$572$361$224$49
37 years$1,284$841$535$333$203$42
38 years$1,236$800$501$307$184$36
39 years$1,191$760$470$283$167$31
40 years$1,148$723$440$261$151$27
41 years$1,108$689$413$241$137$23
42 years$1,069$656$387$222$125$20
43 years$1,033$625$363$205$113$17
44 years$998$596$341$189$103$15
45 years$965$568$320$175$93$13
46 years$933$542$301$161$85$11
47 years$903$517$283$149$77$9
48 years$874$494$266$138$70$8
49 years$847$471$250$127$63$7
50 years$820$450$235$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $840,000, adding $3,692 every year, while hoping to spend $58,815 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: 37/46/17 Blend
42$840,000$840,000$840,000$840,000
43$929,488$884,968$871,948$958,968
44$961,717$865,753$838,580$961,354
45$995,263$843,625$802,122$958,079
46$1,030,196$818,379$762,410$953,297
47$1,066,596$789,799$719,270$946,907
48$1,104,544$757,655$672,522$938,799
49$1,144,132$721,705$621,976$928,859
50$1,185,456$681,691$567,434$916,969
51$1,228,621$637,342$508,691$903,005
52$1,273,739$588,370$445,531$886,835
53$1,320,933$534,473$377,729$868,325
54$1,370,334$475,329$305,050$847,331
55$1,422,087$410,599$227,248$823,706
56$1,476,346$339,924$144,066$797,294
57$1,533,279$262,926$55,239$767,936
58$1,593,070$179,205$0$735,463
59$1,655,916$88,339$0$706,877
60$1,722,033$0$0$685,982
61$1,791,656$0$0$667,736
62$1,865,042$0$0$695,680
63$1,942,467$0$0$725,210
64$2,024,237$0$0$756,446
65$2,110,682$0$0$789,522
66$2,202,163$0$0$824,583
67$2,299,076$0$0$861,789
68$2,401,850$0$0$901,311
69$2,510,958$0$0$943,342
70$2,626,915$0$0$988,087
71$2,750,285$0$0$1,035,775
72$2,881,684$0$0$1,086,654
73$3,021,788$0$0$1,140,998
74$3,171,337$0$0$1,199,105
75$3,331,142$0$0$1,261,304
76$3,502,092$0$0$1,327,953
77$3,685,160$0$0$1,399,448
78$3,881,416$0$0$1,476,220
79$4,092,031$0$0$1,558,745
80$4,318,292$0$0$1,647,544
81$4,561,612$0$0$1,743,190
82$4,823,540$0$0$1,846,311
83$5,105,780$0$0$1,957,597
84$5,410,200$0$0$2,077,808
85$5,738,855$0$0$2,207,777
86$6,094,003$0$0$2,348,421
87$6,478,124$0$0$2,500,748
88$6,893,945$0$0$2,665,865
89$7,344,464$0$0$2,844,990
90$7,832,978$0$0$3,039,462
91$8,363,110$0$0$3,250,756
92$8,938,847$0$0$3,480,492
93$9,564,575$0$0$3,730,453
94$10,245,116$0$0$4,002,600
95$10,985,779$0$0$4,299,094
96$11,792,403$0$0$4,622,309
97$12,671,414$0$0$4,974,860
98$13,629,884$0$0$5,359,626
99$14,675,596$0$0$5,779,773
100$15,817,119$0$0$6,238,789