Can I retire at age 43 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$73,495$72,841$72,202$71,579$70,970$69,030
2 years$36,384$35,706$35,050$34,413$33,795$31,855
3 years$24,015$23,334$22,679$22,049$21,441$19,561
4 years$17,832$17,153$16,505$15,885$15,292$13,487
5 years$14,123$13,448$12,808$12,201$11,625$9,900
6 years$11,651$10,982$10,351$9,757$9,198$7,555
7 years$9,886$9,222$8,602$8,022$7,481$5,919
8 years$8,563$7,905$7,295$6,729$6,206$4,724
9 years$7,534$6,883$6,283$5,732$5,226$3,824
10 years$6,712$6,067$5,478$4,941$4,453$3,128
11 years$6,040$5,401$4,823$4,300$3,830$2,580
12 years$5,480$4,848$4,280$3,772$3,319$2,143
13 years$5,006$4,381$3,824$3,330$2,894$1,788
14 years$4,601$3,982$3,436$2,956$2,537$1,499
15 years$4,250$3,638$3,102$2,636$2,234$1,261
16 years$3,943$3,338$2,812$2,360$1,974$1,064
17 years$3,673$3,074$2,559$2,121$1,750$900
18 years$3,432$2,840$2,336$1,911$1,556$763
19 years$3,218$2,632$2,139$1,727$1,387$647
20 years$3,025$2,446$1,963$1,564$1,239$550
21 years$2,851$2,278$1,805$1,420$1,109$468
22 years$2,692$2,127$1,664$1,291$994$399
23 years$2,548$1,989$1,536$1,175$892$340
24 years$2,416$1,864$1,421$1,072$802$290
25 years$2,295$1,749$1,316$979$722$248
26 years$2,183$1,644$1,221$895$650$212
27 years$2,079$1,547$1,133$819$586$181
28 years$1,984$1,458$1,054$751$529$155
29 years$1,895$1,375$980$688$477$132
30 years$1,812$1,299$913$632$431$113
31 years$1,734$1,228$851$580$390$97
32 years$1,662$1,162$794$533$353$83
33 years$1,594$1,100$742$490$319$71
34 years$1,530$1,043$693$451$289$61
35 years$1,470$989$648$415$262$52
36 years$1,414$939$606$383$237$45
37 years$1,360$892$567$352$215$38
38 years$1,310$847$531$325$195$33
39 years$1,262$806$498$300$177$28
40 years$1,217$767$467$276$160$24
41 years$1,174$730$437$255$145$21
42 years$1,133$695$410$235$132$18
43 years$1,094$662$385$217$120$15
44 years$1,057$631$361$201$109$13
45 years$1,022$602$339$185$99$11
46 years$989$574$319$171$90$9
47 years$957$548$299$158$81$8
48 years$926$523$281$146$74$7
49 years$897$499$265$135$67$6
50 years$869$477$249$125$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $890,000, adding $3,597 every year, while hoping to spend $48,692 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: 76/5/19 Blend
42$890,000$890,000$890,000$890,000
43$984,490$937,320$923,525$1,054,720
44$1,033,100$931,441$902,655$1,095,819
45$1,085,037$923,642$879,455$1,134,493
46$1,140,587$913,777$853,793$1,175,606
47$1,200,068$901,693$825,536$1,219,390
48$1,263,824$887,225$794,540$1,266,096
49$1,332,236$870,201$760,659$1,316,006
50$1,405,720$850,437$723,737$1,369,428
51$1,484,734$827,738$683,613$1,426,704
52$1,569,779$801,900$640,117$1,488,210
53$1,661,408$772,705$593,072$1,554,362
54$1,760,226$739,921$542,294$1,625,620
55$1,866,897$703,306$487,589$1,702,489
56$1,982,154$662,601$428,757$1,785,529
57$2,106,799$617,534$365,585$1,875,358
58$2,241,715$567,816$297,855$1,972,656
59$2,387,874$513,142$225,337$2,078,177
60$2,546,342$453,191$147,791$2,192,750
61$2,718,293$387,622$64,966$2,317,291
62$2,905,019$316,075$0$2,452,812
63$3,107,938$238,171$0$2,605,177
64$3,328,614$153,507$0$2,785,233
65$3,568,764$61,660$0$2,981,212
66$3,830,279$0$0$3,194,674
67$4,115,240$0$0$3,429,417
68$4,425,936$0$0$3,689,090
69$4,764,888$0$0$3,972,411
70$5,134,870$0$0$4,281,702
71$5,538,934$0$0$4,619,521
72$5,980,443$0$0$4,988,681
73$6,463,097$0$0$5,392,281
74$6,990,970$0$0$5,833,733
75$7,568,548$0$0$6,316,794
76$8,200,771$0$0$6,845,600
77$8,893,077$0$0$7,424,705
78$9,651,458$0$0$8,059,126
79$10,482,509$0$0$8,754,387
80$11,393,495$0$0$9,516,571
81$12,392,417$0$0$10,352,378
82$13,488,089$0$0$11,269,190
83$14,690,215$0$0$12,275,133
84$16,009,488$0$0$13,379,162
85$17,457,685$0$0$14,591,138
86$19,047,777$0$0$15,921,927
87$20,794,055$0$0$17,383,494
88$22,712,260$0$0$18,989,023
89$24,819,735$0$0$20,753,038
90$27,135,583$0$0$22,691,536
91$29,680,851$0$0$24,822,145
92$32,478,726$0$0$27,164,282
93$35,554,752$0$0$29,739,340
94$38,937,074$0$0$32,570,890
95$42,656,698$0$0$35,684,900
96$46,747,788$0$0$39,109,980
97$51,247,981$0$0$42,877,652
98$56,198,750$0$0$47,022,648
99$61,645,787$0$0$51,583,235
100$67,639,437$0$0$56,601,576