Can I retire at age 43 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$82,579$81,843$81,126$80,425$79,741$78,420
2 years$40,881$40,119$39,381$38,666$37,972$36,645
3 years$26,983$26,218$25,482$24,774$24,091$22,799
4 years$20,036$19,273$18,545$17,848$17,182$15,935
5 years$15,868$15,111$14,391$13,709$13,061$11,864
6 years$13,091$12,339$11,630$10,963$10,335$9,188
7 years$11,108$10,362$9,665$9,013$8,405$7,308
8 years$9,621$8,882$8,197$7,561$6,973$5,926
9 years$8,466$7,734$7,060$6,440$5,872$4,875
10 years$7,542$6,817$6,155$5,552$5,003$4,055
11 years$6,786$6,069$5,419$4,832$4,303$3,403
12 years$6,157$5,447$4,809$4,238$3,729$2,876
13 years$5,625$4,922$4,296$3,742$3,252$2,444
14 years$5,170$4,474$3,860$3,321$2,850$2,087
15 years$4,775$4,087$3,485$2,962$2,510$1,789
16 years$4,430$3,750$3,160$2,652$2,218$1,538
17 years$4,126$3,454$2,875$2,383$1,967$1,327
18 years$3,857$3,191$2,625$2,148$1,749$1,147
19 years$3,615$2,958$2,403$1,940$1,559$993
20 years$3,399$2,748$2,205$1,757$1,392$862
21 years$3,203$2,560$2,029$1,595$1,246$749
22 years$3,025$2,390$1,870$1,450$1,117$651
23 years$2,863$2,235$1,726$1,321$1,002$567
24 years$2,714$2,094$1,596$1,205$901$494
25 years$2,578$1,965$1,479$1,100$811$431
26 years$2,453$1,847$1,371$1,006$730$376
27 years$2,336$1,738$1,273$921$658$329
28 years$2,229$1,638$1,184$844$594$287
29 years$2,129$1,545$1,102$774$537$251
30 years$2,036$1,459$1,026$710$485$220
31 years$1,949$1,380$957$652$438$192
32 years$1,867$1,305$893$599$396$168
33 years$1,791$1,236$833$551$359$147
34 years$1,719$1,172$779$507$325$129
35 years$1,652$1,111$728$467$294$113
36 years$1,588$1,055$681$430$267$99
37 years$1,528$1,002$637$396$242$87
38 years$1,472$952$597$365$219$76
39 years$1,418$905$559$337$199$67
40 years$1,367$861$524$310$180$58
41 years$1,319$820$492$286$163$51
42 years$1,273$781$461$264$148$45
43 years$1,230$744$433$244$135$39
44 years$1,188$709$406$225$122$35
45 years$1,149$676$381$208$111$30
46 years$1,111$645$358$192$101$27
47 years$1,075$616$336$178$91$23
48 years$1,041$588$316$164$83$20
49 years$1,008$561$297$152$75$18
50 years$976$536$279$140$69$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,000,000, adding $5,511 every year, while hoping to spend $39,976 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: 68/8/24 Blend
42$1,000,000$1,000,000$1,000,000$1,000,000
43$1,107,685$1,054,685$1,039,185$1,175,861
44$1,178,134$1,063,830$1,031,463$1,231,426
45$1,254,430$1,072,084$1,022,143$1,287,089
46$1,337,126$1,079,360$1,011,129$1,347,049
47$1,426,831$1,085,567$998,320$1,411,730
48$1,524,216$1,090,608$983,612$1,481,601
49$1,630,017$1,094,378$966,894$1,557,177
50$1,745,045$1,096,770$948,052$1,639,029
51$1,870,193$1,097,664$926,964$1,727,785
52$2,006,440$1,096,938$903,505$1,824,140
53$2,154,868$1,094,459$877,544$1,928,858
54$2,316,665$1,090,087$848,941$2,042,784
55$2,493,137$1,083,674$817,553$2,166,850
56$2,685,725$1,075,062$783,230$2,302,085
57$2,896,013$1,064,084$745,812$2,449,622
58$3,125,746$1,050,563$705,136$2,610,714
59$3,376,843$1,034,312$661,029$2,786,739
60$3,651,418$1,015,130$613,310$2,979,223
61$3,951,799$992,808$561,793$3,189,844
62$4,280,549$967,122$506,280$3,420,456
63$4,640,490$937,836$446,565$3,673,102
64$5,034,730$904,700$382,435$3,950,039
65$5,466,691$867,449$313,665$4,253,752
66$5,940,142$825,803$240,021$4,586,984
67$6,459,235$779,465$161,260$4,952,762
68$7,028,540$728,123$77,126$5,354,422
69$7,653,095$671,444$0$5,795,644
70$8,338,444$609,079$0$6,283,728
71$9,090,699$540,657$0$6,841,195
72$9,916,588$465,786$0$7,453,284
73$10,823,525$384,055$0$8,125,515
74$11,819,675$295,025$0$8,863,970
75$12,914,036$198,235$0$9,675,351
76$14,116,518$93,199$0$10,567,044
77$15,438,038$0$0$11,547,186
78$16,890,625$0$0$12,626,557
79$18,487,529$0$0$13,822,249
80$20,243,351$0$0$15,136,998
81$22,174,174$0$0$16,582,854
82$24,297,721$0$0$18,173,097
83$26,633,515$0$0$19,922,356
84$29,203,069$0$0$21,846,752
85$32,030,086$0$0$23,964,044
86$35,140,679$0$0$26,293,800
87$38,563,624$0$0$28,857,583
88$42,330,626$0$0$31,679,149
89$46,476,617$0$0$34,784,674
90$51,040,089$0$0$38,203,002
91$56,063,456$0$0$41,965,914
92$61,593,450$0$0$46,108,428
93$67,681,567$0$0$50,669,131
94$74,384,548$0$0$55,690,541
95$81,764,915$0$0$61,219,510
96$89,891,564$0$0$67,307,663
97$98,840,410$0$0$74,011,886
98$108,695,106$0$0$81,394,863
99$119,547,829$0$0$89,525,667
100$131,500,153$0$0$98,480,412