Can I retire at age 43 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$48,722$48,288$47,864$47,451$47,047$45,706
2 years$24,120$23,670$23,235$22,813$22,404$21,063
3 years$15,920$15,469$15,035$14,616$14,214$12,915
4 years$11,821$11,371$10,941$10,530$10,137$8,891
5 years$9,362$8,915$8,491$8,088$7,706$6,516
6 years$7,724$7,280$6,862$6,468$6,098$4,964
7 years$6,554$6,114$5,702$5,318$4,959$3,883
8 years$5,677$5,241$4,836$4,461$4,114$3,094
9 years$4,995$4,563$4,165$3,800$3,465$2,500
10 years$4,450$4,022$3,631$3,276$2,952$2,041
11 years$4,004$3,580$3,197$2,851$2,539$1,680
12 years$3,633$3,214$2,837$2,500$2,200$1,392
13 years$3,319$2,904$2,535$2,208$1,919$1,160
14 years$3,050$2,640$2,278$1,960$1,682$970
15 years$2,817$2,412$2,056$1,748$1,481$815
16 years$2,614$2,213$1,864$1,565$1,309$686
17 years$2,435$2,038$1,697$1,406$1,160$579
18 years$2,275$1,883$1,549$1,267$1,032$489
19 years$2,133$1,745$1,418$1,145$920$414
20 years$2,005$1,622$1,301$1,037$821$351
21 years$1,890$1,510$1,197$941$735$298
22 years$1,785$1,410$1,103$856$659$254
23 years$1,689$1,319$1,018$779$591$216
24 years$1,602$1,236$942$711$532$184
25 years$1,521$1,159$872$649$478$156
26 years$1,447$1,090$809$593$431$133
27 years$1,378$1,026$751$543$389$114
28 years$1,315$966$698$498$351$97
29 years$1,256$912$650$456$317$83
30 years$1,201$861$605$419$286$71
31 years$1,150$814$564$385$259$60
32 years$1,102$770$527$354$234$51
33 years$1,057$729$492$325$212$44
34 years$1,014$691$459$299$192$38
35 years$975$656$430$275$174$32
36 years$937$622$402$254$157$27
37 years$902$591$376$234$143$23
38 years$868$562$352$215$129$20
39 years$837$534$330$199$117$17
40 years$807$508$309$183$106$15
41 years$778$484$290$169$96$12
42 years$751$461$272$156$88$11
43 years$725$439$255$144$79$9
44 years$701$418$240$133$72$8
45 years$678$399$225$123$65$7
46 years$655$381$211$113$59$6
47 years$634$363$199$105$54$5
48 years$614$347$187$97$49$4
49 years$595$331$175$89$45$4
50 years$576$316$165$83$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $590,000, adding $6,369 every year, while hoping to spend $23,690 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: 48/43/9 Blend
42$590,000$590,000$590,000$590,000
43$656,750$625,480$616,335$686,378
44$698,532$630,922$611,776$712,831
45$743,782$635,837$606,270$738,530
46$792,829$640,174$599,761$765,884
47$846,034$643,879$592,190$795,056
48$903,794$646,894$583,493$826,224
49$966,547$649,158$573,606$859,585
50$1,034,774$650,605$562,460$895,358
51$1,109,003$651,168$549,985$933,785
52$1,189,818$650,771$536,106$975,135
53$1,277,857$649,337$520,744$1,019,703
54$1,373,828$646,783$503,817$1,067,817
55$1,478,504$643,021$485,241$1,119,842
56$1,592,741$637,959$464,926$1,176,176
57$1,717,477$631,496$442,778$1,237,266
58$1,853,749$623,528$418,700$1,303,602
59$2,002,695$613,944$392,590$1,375,726
60$2,165,569$602,626$364,341$1,454,239
61$2,343,751$589,450$333,841$1,539,806
62$2,538,764$574,283$300,974$1,633,159
63$2,752,280$556,985$265,619$1,735,110
64$2,986,143$537,408$227,648$1,846,557
65$3,242,384$515,395$186,928$1,968,489
66$3,523,238$490,781$143,322$2,102,002
67$3,831,169$463,390$96,684$2,248,307
68$4,168,889$433,036$46,863$2,408,740
69$4,539,384$399,523$0$2,584,778
70$4,945,946$362,645$0$2,778,659
71$5,392,199$322,181$0$2,996,421
72$5,882,136$277,900$0$3,235,567
73$6,420,154$229,557$0$3,498,314
74$7,011,098$176,894$0$3,787,105
75$7,660,305$119,637$0$4,104,643
76$8,373,654$57,497$0$4,453,905
77$9,157,623$0$0$4,838,182
78$10,019,348$0$0$5,265,753
79$10,966,689$0$0$5,765,785
80$12,008,308$0$0$6,315,652
81$13,153,747$0$0$6,920,402
82$14,413,520$0$0$7,585,593
83$15,799,209$0$0$8,317,352
84$17,323,578$0$0$9,122,428
85$19,000,686$0$0$10,008,258
86$20,846,028$0$0$10,983,036
87$22,876,674$0$0$12,055,791
88$25,111,433$0$0$13,236,470
89$27,571,029$0$0$14,536,034
90$30,278,299$0$0$15,966,561
91$33,258,403$0$0$17,541,359
92$36,539,067$0$0$19,275,093
93$40,150,840$0$0$21,183,919
94$44,127,385$0$0$23,285,643
95$48,505,794$0$0$25,599,883
96$53,326,940$0$0$28,148,257
97$58,635,859$0$0$30,954,587
98$64,482,179$0$0$34,045,121
99$70,920,587$0$0$37,448,785
100$78,011,340$0$0$41,197,451