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%12.9%
1 years$73,495$72,841$72,202$71,579$70,970$70,112
2 years$36,384$35,706$35,050$34,413$33,795$32,932
3 years$24,015$23,334$22,679$22,049$21,441$20,599
4 years$17,832$17,153$16,505$15,885$15,292$14,478
5 years$14,123$13,448$12,808$12,201$11,625$10,841
6 years$11,651$10,982$10,351$9,757$9,198$8,445
7 years$9,886$9,222$8,602$8,022$7,481$6,759
8 years$8,563$7,905$7,295$6,729$6,206$5,516
9 years$7,534$6,883$6,283$5,732$5,226$4,567
10 years$6,712$6,067$5,478$4,941$4,453$3,825
11 years$6,040$5,401$4,823$4,300$3,830$3,232
12 years$5,480$4,848$4,280$3,772$3,319$2,750
13 years$5,006$4,381$3,824$3,330$2,894$2,354
14 years$4,601$3,982$3,436$2,956$2,537$2,025
15 years$4,250$3,638$3,102$2,636$2,234$1,749
16 years$3,943$3,338$2,812$2,360$1,974$1,516
17 years$3,673$3,074$2,559$2,121$1,750$1,317
18 years$3,432$2,840$2,336$1,911$1,556$1,148
19 years$3,218$2,632$2,139$1,727$1,387$1,002
20 years$3,025$2,446$1,963$1,564$1,239$876
21 years$2,851$2,278$1,805$1,420$1,109$768
22 years$2,692$2,127$1,664$1,291$994$673
23 years$2,548$1,989$1,536$1,175$892$591
24 years$2,416$1,864$1,421$1,072$802$520
25 years$2,295$1,749$1,316$979$722$458
26 years$2,183$1,644$1,221$895$650$403
27 years$2,079$1,547$1,133$819$586$355
28 years$1,984$1,458$1,054$751$529$313
29 years$1,895$1,375$980$688$477$276
30 years$1,812$1,299$913$632$431$244
31 years$1,734$1,228$851$580$390$215
32 years$1,662$1,162$794$533$353$190
33 years$1,594$1,100$742$490$319$168
34 years$1,530$1,043$693$451$289$149
35 years$1,470$989$648$415$262$131
36 years$1,414$939$606$383$237$116
37 years$1,360$892$567$352$215$103
38 years$1,310$847$531$325$195$91
39 years$1,262$806$498$300$177$80
40 years$1,217$767$467$276$160$71
41 years$1,174$730$437$255$145$63
42 years$1,133$695$410$235$132$56
43 years$1,094$662$385$217$120$49
44 years$1,057$631$361$201$109$44
45 years$1,022$602$339$185$99$39
46 years$989$574$319$171$90$34
47 years$957$548$299$158$81$30
48 years$926$523$281$146$74$27
49 years$897$499$265$135$67$24
50 years$869$477$249$125$61$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $890,000, adding $4,422 every year, while hoping to spend $58,693 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: 63/30/7 Blend
42$890,000$890,000$890,000$890,000
43$985,341$938,171$924,376$1,045,829
44$1,023,397$921,693$892,894$1,070,234
45$1,063,368$902,440$858,390$1,089,589
46$1,105,386$880,214$820,701$1,109,205
47$1,149,597$854,806$779,656$1,129,104
48$1,196,159$825,995$735,078$1,149,313
49$1,245,243$793,544$686,779$1,169,865
50$1,297,037$757,207$634,564$1,190,797
51$1,351,744$716,719$578,232$1,212,154
52$1,409,587$671,804$517,568$1,233,987
53$1,470,809$622,167$452,350$1,256,357
54$1,535,675$567,496$382,348$1,279,334
55$1,604,475$507,465$307,318$1,302,997
56$1,677,526$441,725$227,007$1,327,440
57$1,755,174$369,910$141,152$1,352,768
58$1,837,798$291,631$49,477$1,379,104
59$1,925,813$206,481$0$1,406,585
60$2,019,673$114,026$0$1,438,981
61$2,119,876$13,809$0$1,477,039
62$2,226,966$0$0$1,517,285
63$2,341,542$0$0$1,591,221
64$2,464,259$0$0$1,675,334
65$2,595,835$0$0$1,765,563
66$2,737,059$0$0$1,862,456
67$2,888,795$0$0$1,966,610
68$3,051,995$0$0$2,078,686
69$3,227,699$0$0$2,199,405
70$3,417,055$0$0$2,329,560
71$3,621,318$0$0$2,470,025
72$3,841,872$0$0$2,621,758
73$4,080,234$0$0$2,785,810
74$4,338,074$0$0$2,963,339
75$4,617,226$0$0$3,155,618
76$4,919,706$0$0$3,364,045
77$5,247,732$0$0$3,590,158
78$5,603,743$0$0$3,835,648
79$5,990,420$0$0$4,102,376
80$6,410,714$0$0$4,392,388
81$6,867,869$0$0$4,707,936
82$7,365,457$0$0$5,051,497
83$7,907,407$0$0$5,425,797
84$8,498,042$0$0$5,833,835
85$9,142,120$0$0$6,278,914
86$9,844,879$0$0$6,764,666
87$10,612,082$0$0$7,295,091
88$11,450,075$0$0$7,874,594
89$12,365,844$0$0$8,508,022
90$13,367,078$0$0$9,200,710
91$14,462,246$0$0$9,958,537
92$15,660,671$0$0$10,787,971
93$16,972,617$0$0$11,696,138
94$18,409,391$0$0$12,690,884
95$19,983,442$0$0$13,780,849
96$21,708,478$0$0$14,975,548
97$23,599,601$0$0$16,285,461
98$25,673,439$0$0$17,722,132
99$27,948,308$0$0$19,298,273
100$30,444,384$0$0$21,027,887