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%17%
1 years$82,579$81,843$81,126$80,425$79,741$77,468
2 years$40,881$40,119$39,381$38,666$37,972$35,700
3 years$26,983$26,218$25,482$24,774$24,091$21,891
4 years$20,036$19,273$18,545$17,848$17,182$15,070
5 years$15,868$15,111$14,391$13,709$13,061$11,044
6 years$13,091$12,339$11,630$10,963$10,335$8,414
7 years$11,108$10,362$9,665$9,013$8,405$6,581
8 years$9,621$8,882$8,197$7,561$6,973$5,244
9 years$8,466$7,734$7,060$6,440$5,872$4,237
10 years$7,542$6,817$6,155$5,552$5,003$3,459
11 years$6,786$6,069$5,419$4,832$4,303$2,848
12 years$6,157$5,447$4,809$4,238$3,729$2,360
13 years$5,625$4,922$4,296$3,742$3,252$1,966
14 years$5,170$4,474$3,860$3,321$2,850$1,645
15 years$4,775$4,087$3,485$2,962$2,510$1,381
16 years$4,430$3,750$3,160$2,652$2,218$1,162
17 years$4,126$3,454$2,875$2,383$1,967$981
18 years$3,857$3,191$2,625$2,148$1,749$829
19 years$3,615$2,958$2,403$1,940$1,559$702
20 years$3,399$2,748$2,205$1,757$1,392$596
21 years$3,203$2,560$2,029$1,595$1,246$506
22 years$3,025$2,390$1,870$1,450$1,117$430
23 years$2,863$2,235$1,726$1,321$1,002$366
24 years$2,714$2,094$1,596$1,205$901$311
25 years$2,578$1,965$1,479$1,100$811$265
26 years$2,453$1,847$1,371$1,006$730$226
27 years$2,336$1,738$1,273$921$658$193
28 years$2,229$1,638$1,184$844$594$164
29 years$2,129$1,545$1,102$774$537$140
30 years$2,036$1,459$1,026$710$485$120
31 years$1,949$1,380$957$652$438$102
32 years$1,867$1,305$893$599$396$87
33 years$1,791$1,236$833$551$359$74
34 years$1,719$1,172$779$507$325$64
35 years$1,652$1,111$728$467$294$54
36 years$1,588$1,055$681$430$267$46
37 years$1,528$1,002$637$396$242$40
38 years$1,472$952$597$365$219$34
39 years$1,418$905$559$337$199$29
40 years$1,367$861$524$310$180$25
41 years$1,319$820$492$286$163$21
42 years$1,273$781$461$264$148$18
43 years$1,230$744$433$244$135$15
44 years$1,188$709$406$225$122$13
45 years$1,149$676$381$208$111$11
46 years$1,111$645$358$192$101$10
47 years$1,075$616$336$178$91$8
48 years$1,041$588$316$164$83$7
49 years$1,008$561$297$152$75$6
50 years$976$536$279$140$69$5

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 $2,960 every year, while hoping to spend $36,405 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: 54/16/30 Blend
42$1,000,000$1,000,000$1,000,000$1,000,000
43$1,105,053$1,052,053$1,036,553$1,155,332
44$1,179,034$1,064,869$1,032,543$1,203,314
45$1,259,341$1,077,093$1,027,179$1,251,580
46$1,346,580$1,088,657$1,020,376$1,303,418
47$1,441,420$1,099,490$1,012,047$1,359,186
48$1,544,594$1,109,514$1,002,100$1,419,279
49$1,656,910$1,118,648$990,438$1,484,134
50$1,779,258$1,126,805$976,961$1,554,235
51$1,912,616$1,133,892$961,562$1,630,116
52$2,058,061$1,139,811$944,132$1,712,367
53$2,216,777$1,144,455$924,555$1,801,640
54$2,390,069$1,147,714$902,708$1,898,653
55$2,579,373$1,149,469$878,466$2,004,204
56$2,786,270$1,149,594$851,695$2,119,170
57$3,012,500$1,147,955$822,257$2,244,522
58$3,259,979$1,144,409$790,007$2,381,331
59$3,530,818$1,138,806$754,794$2,530,781
60$3,827,339$1,130,985$716,457$2,694,178
61$4,152,102$1,120,777$674,832$2,872,965
62$4,507,923$1,108,002$629,746$3,068,734
63$4,897,905$1,092,469$581,017$3,283,245
64$5,325,467$1,073,975$528,456$3,518,438
65$5,794,370$1,052,305$471,865$3,776,456
66$6,308,762$1,027,234$411,038$4,059,663
67$6,873,207$998,520$345,760$4,370,671
68$7,492,736$965,910$275,805$4,712,359
69$8,172,889$929,133$200,938$5,087,906
70$8,919,767$887,904$120,913$5,500,821
71$9,740,095$841,923$35,475$5,954,973
72$10,641,277$790,869$0$6,454,634
73$11,631,472$734,406$0$7,022,345
74$12,719,667$672,178$0$7,658,753
75$13,915,765$603,806$0$8,358,318
76$15,230,673$528,893$0$9,127,463
77$16,676,410$447,017$0$9,973,270
78$18,266,217$357,734$0$10,903,542
79$20,014,682$260,574$0$11,926,881
80$21,937,878$155,040$0$13,052,767
81$24,053,513$40,608$0$14,291,650
82$26,381,099$0$0$15,655,046
83$28,942,134$0$0$17,170,311
84$31,760,304$0$0$18,845,692
85$34,861,709$0$0$20,689,568
86$38,275,106$0$0$22,719,050
87$42,032,181$0$0$24,952,992
88$46,167,847$0$0$27,412,170
89$50,720,575$0$0$30,119,473
90$55,732,755$0$0$33,100,127
91$61,251,096$0$0$36,381,924
92$67,327,066$0$0$39,995,489
93$74,017,379$0$0$43,974,571
94$81,384,526$0$0$48,356,355
95$89,497,369$0$0$53,181,817
96$98,431,789$0$0$58,496,108
97$108,271,399$0$0$64,348,985
98$119,108,335$0$0$70,795,272
99$131,044,126$0$0$77,895,386
100$144,190,651$0$0$85,715,899