Can I retire at age 43 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$41,290$40,922$40,563$40,213$39,871$38,380
2 years$20,440$20,060$19,691$19,333$18,986$17,501
3 years$13,492$13,109$12,741$12,387$12,046$10,613
4 years$10,018$9,637$9,272$8,924$8,591$7,222
5 years$7,934$7,555$7,196$6,855$6,531$5,229
6 years$6,545$6,169$5,815$5,482$5,168$3,934
7 years$5,554$5,181$4,832$4,507$4,203$3,037
8 years$4,811$4,441$4,098$3,781$3,486$2,387
9 years$4,233$3,867$3,530$3,220$2,936$1,902
10 years$3,771$3,408$3,077$2,776$2,502$1,530
11 years$3,393$3,034$2,709$2,416$2,152$1,241
12 years$3,079$2,723$2,404$2,119$1,864$1,013
13 years$2,813$2,461$2,148$1,871$1,626$831
14 years$2,585$2,237$1,930$1,661$1,425$684
15 years$2,388$2,044$1,743$1,481$1,255$565
16 years$2,215$1,875$1,580$1,326$1,109$468
17 years$2,063$1,727$1,438$1,191$983$388
18 years$1,928$1,596$1,312$1,074$874$323
19 years$1,808$1,479$1,202$970$779$269
20 years$1,699$1,374$1,103$879$696$224
21 years$1,601$1,280$1,014$798$623$187
22 years$1,512$1,195$935$725$558$156
23 years$1,431$1,118$863$660$501$130
24 years$1,357$1,047$798$602$451$109
25 years$1,289$983$739$550$405$91
26 years$1,226$923$686$503$365$76
27 years$1,168$869$637$460$329$64
28 years$1,114$819$592$422$297$53
29 years$1,064$773$551$387$268$45
30 years$1,018$730$513$355$242$37
31 years$974$690$478$326$219$31
32 years$934$653$446$300$198$26
33 years$895$618$417$276$179$22
34 years$860$586$389$254$162$18
35 years$826$556$364$233$147$15
36 years$794$527$341$215$133$13
37 years$764$501$319$198$121$11
38 years$736$476$298$183$110$9
39 years$709$453$280$168$99$8
40 years$684$431$262$155$90$6
41 years$659$410$246$143$82$5
42 years$637$390$231$132$74$4
43 years$615$372$216$122$67$4
44 years$594$355$203$113$61$3
45 years$574$338$191$104$55$3
46 years$555$323$179$96$50$2
47 years$538$308$168$89$46$2
48 years$520$294$158$82$42$2
49 years$504$281$149$76$38$1
50 years$488$268$140$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $500,000, adding $3,369 every year, while hoping to spend $36,223 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: 53/28/19 Blend
42$500,000$500,000$500,000$500,000
43$554,475$527,975$520,225$580,820
44$572,491$515,305$499,112$586,590
45$591,130$500,800$476,077$588,783
46$610,418$484,332$451,018$590,383
47$630,381$465,765$423,828$591,346
48$651,048$444,956$394,395$591,624
49$672,450$421,753$362,601$591,167
50$694,616$395,995$328,325$589,923
51$717,581$367,513$291,438$587,835
52$741,380$336,127$251,807$584,846
53$766,050$301,647$209,292$580,894
54$791,632$263,873$163,748$575,917
55$818,168$222,592$115,023$569,845
56$845,703$177,580$62,958$562,609
57$874,285$128,602$7,388$554,135
58$903,965$75,407$0$544,346
59$934,799$17,731$0$543,686
60$966,845$0$0$543,828
61$1,000,165$0$0$556,996
62$1,034,827$0$0$576,385
63$1,070,903$0$0$596,573
64$1,108,470$0$0$617,604
65$1,147,611$0$0$639,526
66$1,188,416$0$0$662,391
67$1,230,982$0$0$686,252
68$1,275,411$0$0$711,171
69$1,321,817$0$0$737,212
70$1,370,320$0$0$764,444
71$1,421,052$0$0$792,943
72$1,474,153$0$0$822,791
73$1,529,777$0$0$854,075
74$1,588,090$0$0$886,893
75$1,649,273$0$0$921,347
76$1,713,522$0$0$957,551
77$1,781,049$0$0$995,629
78$1,852,085$0$0$1,035,713
79$1,926,882$0$0$1,077,949
80$2,005,713$0$0$1,122,496
81$2,088,877$0$0$1,169,527
82$2,176,700$0$0$1,219,230
83$2,269,535$0$0$1,271,810
84$2,367,770$0$0$1,327,492
85$2,471,827$0$0$1,386,522
86$2,582,168$0$0$1,449,167
87$2,699,298$0$0$1,515,720
88$2,823,768$0$0$1,586,502
89$2,956,182$0$0$1,661,863
90$3,097,201$0$0$1,742,188
91$3,247,547$0$0$1,827,896
92$3,408,014$0$0$1,919,449
93$3,579,468$0$0$2,017,351
94$3,762,861$0$0$2,122,155
95$3,959,237$0$0$2,234,469
96$4,169,738$0$0$2,354,959
97$4,395,621$0$0$2,484,355
98$4,638,261$0$0$2,623,459
99$4,899,171$0$0$2,773,150
100$5,180,009$0$0$2,934,397