Can I retire at age 43 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$52,851$52,380$51,921$51,472$51,034$50,376
2 years$26,164$25,676$25,204$24,746$24,302$23,640
3 years$17,269$16,780$16,309$15,855$15,418$14,772
4 years$12,823$12,335$11,869$11,423$10,996$10,372
5 years$10,156$9,671$9,211$8,774$8,359$7,758
6 years$8,378$7,897$7,443$7,016$6,614$6,038
7 years$7,109$6,632$6,186$5,769$5,379$4,827
8 years$6,158$5,685$5,246$4,839$4,463$3,934
9 years$5,418$4,950$4,518$4,122$3,758$3,254
10 years$4,827$4,363$3,939$3,553$3,202$2,722
11 years$4,343$3,884$3,468$3,092$2,754$2,297
12 years$3,941$3,486$3,078$2,712$2,387$1,952
13 years$3,600$3,150$2,750$2,395$2,081$1,669
14 years$3,309$2,864$2,471$2,126$1,824$1,433
15 years$3,056$2,616$2,231$1,896$1,606$1,236
16 years$2,835$2,400$2,022$1,697$1,420$1,070
17 years$2,641$2,210$1,840$1,525$1,259$929
18 years$2,468$2,042$1,680$1,374$1,119$808
19 years$2,314$1,893$1,538$1,242$998$704
20 years$2,175$1,759$1,411$1,125$891$615
21 years$2,050$1,638$1,298$1,021$797$538
22 years$1,936$1,529$1,197$928$715$471
23 years$1,832$1,430$1,105$845$642$413
24 years$1,737$1,340$1,022$771$577$363
25 years$1,650$1,258$946$704$519$319
26 years$1,570$1,182$878$644$467$280
27 years$1,495$1,112$815$589$421$247
28 years$1,426$1,048$758$540$380$217
29 years$1,362$989$705$495$343$191
30 years$1,303$934$657$454$310$168
31 years$1,247$883$612$417$280$149
32 years$1,195$835$571$384$254$131
33 years$1,146$791$533$353$230$116
34 years$1,100$750$498$324$208$102
35 years$1,057$711$466$299$188$90
36 years$1,016$675$436$275$171$79
37 years$978$641$408$253$155$70
38 years$942$609$382$234$140$62
39 years$908$579$358$215$127$55
40 years$875$551$335$199$115$48
41 years$844$525$315$183$105$43
42 years$815$500$295$169$95$38
43 years$787$476$277$156$86$33
44 years$760$454$260$144$78$29
45 years$735$433$244$133$71$26
46 years$711$413$229$123$64$23
47 years$688$394$215$114$59$20
48 years$666$376$202$105$53$18
49 years$645$359$190$97$48$16
50 years$625$343$179$90$44$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $640,000, adding $4,069 every year, while hoping to spend $40,741 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: 48/33/19 Blend
42$640,000$640,000$640,000$640,000
43$709,477$675,557$665,637$739,550
44$738,496$665,311$644,588$750,619
45$769,109$653,198$621,468$758,177
46$801,436$639,083$596,165$765,522
47$835,607$622,823$568,562$772,652
48$871,766$604,268$538,535$779,567
49$910,067$583,257$505,957$786,266
50$950,680$559,623$470,692$792,757
51$993,790$533,186$432,602$799,047
52$1,039,602$503,757$391,539$805,150
53$1,088,336$471,136$347,351$811,084
54$1,140,236$435,112$299,877$816,873
55$1,195,568$395,460$248,950$822,548
56$1,254,623$351,945$194,397$828,148
57$1,317,721$304,316$136,036$833,718
58$1,385,211$252,310$73,675$839,315
59$1,457,477$195,648$7,118$845,007
60$1,534,940$134,035$0$850,875
61$1,618,061$67,160$0$869,968
62$1,707,348$0$0$891,823
63$1,803,355$0$0$917,095
64$1,906,694$0$0$970,597
65$2,018,034$0$0$1,028,296
66$2,138,112$0$0$1,090,578
67$2,267,736$0$0$1,157,872
68$2,407,795$0$0$1,230,645
69$2,559,266$0$0$1,309,413
70$2,723,222$0$0$1,394,743
71$2,900,843$0$0$1,487,257
72$3,093,427$0$0$1,587,640
73$3,302,401$0$0$1,696,646
74$3,529,333$0$0$1,815,103
75$3,775,951$0$0$1,943,923
76$4,044,152$0$0$2,084,108
77$4,336,025$0$0$2,236,762
78$4,653,870$0$0$2,403,100
79$5,000,216$0$0$2,584,456
80$5,377,845$0$0$2,782,303
81$5,789,823$0$0$2,998,258
82$6,239,521$0$0$3,234,104
83$6,730,650$0$0$3,491,802
84$7,267,298$0$0$3,773,511
85$7,853,963$0$0$4,081,609
86$8,495,597$0$0$4,418,715
87$9,197,655$0$0$4,787,709
88$9,966,142$0$0$5,191,767
89$10,807,669$0$0$5,634,384
90$11,729,519$0$0$6,119,408
91$12,739,711$0$0$6,651,081
92$13,847,076$0$0$7,234,070
93$15,061,343$0$0$7,873,518
94$16,393,223$0$0$8,575,089
95$17,854,517$0$0$9,345,023
96$19,458,222$0$0$10,190,191
97$21,218,655$0$0$11,118,163
98$23,151,587$0$0$12,137,279
99$25,274,390$0$0$13,256,723
100$27,606,201$0$0$14,486,617