Can I retire at age 43 with 690,000?

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 $690,000?

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 years$56,980$56,472$55,977$55,494$55,022$54,334
2 years$28,208$27,682$27,173$26,680$26,201$25,509
3 years$18,618$18,091$17,583$17,094$16,623$15,948
4 years$13,825$13,299$12,796$12,315$11,856$11,203
5 years$10,949$10,426$9,930$9,459$9,012$8,385
6 years$9,033$8,514$8,025$7,565$7,131$6,528
7 years$7,664$7,150$6,669$6,219$5,800$5,222
8 years$6,639$6,129$5,656$5,217$4,811$4,259
9 years$5,841$5,336$4,871$4,444$4,052$3,525
10 years$5,204$4,704$4,247$3,831$3,452$2,950
11 years$4,682$4,187$3,739$3,334$2,969$2,491
12 years$4,248$3,758$3,318$2,924$2,573$2,118
13 years$3,881$3,396$2,965$2,582$2,244$1,812
14 years$3,567$3,087$2,664$2,292$1,967$1,558
15 years$3,295$2,820$2,405$2,044$1,732$1,344
16 years$3,057$2,588$2,180$1,830$1,531$1,164
17 years$2,847$2,383$1,984$1,644$1,357$1,011
18 years$2,661$2,202$1,811$1,482$1,207$880
19 years$2,495$2,041$1,658$1,339$1,075$768
20 years$2,345$1,896$1,522$1,213$961$671
21 years$2,210$1,766$1,400$1,101$860$588
22 years$2,087$1,649$1,290$1,001$771$515
23 years$1,975$1,542$1,191$911$692$452
24 years$1,873$1,445$1,102$831$622$397
25 years$1,779$1,356$1,020$759$559$349
26 years$1,692$1,274$946$694$504$307
27 years$1,612$1,199$879$635$454$271
28 years$1,538$1,130$817$582$410$238
29 years$1,469$1,066$760$534$370$210
30 years$1,405$1,007$708$490$334$185
31 years$1,345$952$660$450$302$164
32 years$1,288$901$616$413$274$144
33 years$1,236$853$575$380$248$127
34 years$1,186$808$537$350$224$113
35 years$1,140$767$502$322$203$99
36 years$1,096$728$470$297$184$88
37 years$1,055$691$440$273$167$78
38 years$1,015$657$412$252$151$69
39 years$978$625$386$232$137$61
40 years$943$594$362$214$124$54
41 years$910$566$339$198$113$47
42 years$878$539$318$182$102$42
43 years$848$513$299$168$93$37
44 years$820$489$280$155$84$33
45 years$793$467$263$144$77$29
46 years$767$445$247$133$69$26
47 years$742$425$232$123$63$23
48 years$718$406$218$113$57$20
49 years$695$387$205$105$52$18
50 years$674$370$193$97$47$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $690,000, adding $6,379 every year, while hoping to spend $48,230 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: 46/32/22 Blend
42$690,000$690,000$690,000$690,000
43$766,960$730,390$719,695$797,141
44$793,874$714,863$692,488$803,437
45$821,916$696,958$662,754$804,995
46$851,151$676,509$630,356$805,700
47$881,648$653,338$595,153$805,498
48$913,482$627,257$556,996$804,329
49$946,733$598,069$515,731$802,132
50$981,488$565,562$471,197$798,845
51$1,017,841$529,516$423,223$794,401
52$1,055,894$489,695$371,634$788,735
53$1,095,756$445,851$316,245$781,775
54$1,137,547$397,722$256,863$773,452
55$1,181,397$345,030$193,288$763,692
56$1,227,446$287,483$125,309$752,420
57$1,275,846$224,771$52,708$739,561
58$1,326,765$156,566$0$725,036
59$1,380,381$82,524$0$714,583
60$1,436,892$2,280$0$715,888
61$1,496,513$0$0$716,546
62$1,559,476$0$0$746,309
63$1,626,036$0$0$778,657
64$1,696,471$0$0$812,926
65$1,771,086$0$0$849,267
66$1,850,210$0$0$887,848
67$1,934,207$0$0$928,851
68$2,023,473$0$0$972,475
69$2,118,441$0$0$1,018,938
70$2,219,586$0$0$1,068,480
71$2,327,427$0$0$1,121,362
72$2,442,534$0$0$1,177,870
73$2,565,530$0$0$1,238,320
74$2,697,097$0$0$1,303,054
75$2,837,986$0$0$1,372,453
76$2,989,017$0$0$1,446,929
77$3,151,093$0$0$1,526,938
78$3,325,202$0$0$1,612,980
79$3,512,430$0$0$1,705,601
80$3,713,969$0$0$1,805,406
81$3,931,129$0$0$1,913,054
82$4,165,346$0$0$2,029,272
83$4,418,200$0$0$2,154,859
84$4,691,428$0$0$2,290,692
85$4,986,935$0$0$2,437,735
86$5,306,819$0$0$2,597,048
87$5,653,385$0$0$2,769,796
88$6,029,166$0$0$2,957,263
89$6,436,950$0$0$3,160,857
90$6,879,801$0$0$3,382,129
91$7,361,091$0$0$3,622,785
92$7,884,529$0$0$3,884,702
93$8,454,194$0$0$4,169,945
94$9,074,576$0$0$4,480,786
95$9,750,616$0$0$4,819,726
96$10,487,751$0$0$5,189,518
97$11,291,965$0$0$5,593,192
98$12,169,844$0$0$6,034,082
99$13,128,639$0$0$6,515,860
100$14,176,331$0$0$7,042,568