Can I retire at age 43 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$83,405$82,662$81,937$81,230$80,539$77,992
2 years$41,290$40,521$39,775$39,053$38,352$35,809
3 years$27,253$26,481$25,737$25,021$24,332$21,873
4 years$20,236$19,466$18,730$18,027$17,354$14,997
5 years$16,027$15,262$14,535$13,846$13,192$10,945
6 years$13,222$12,462$11,747$11,073$10,438$8,302
7 years$11,219$10,466$9,762$9,104$8,489$6,463
8 years$9,717$8,971$8,279$7,637$7,043$5,126
9 years$8,550$7,811$7,130$6,505$5,931$4,122
10 years$7,617$6,885$6,216$5,607$5,053$3,349
11 years$6,854$6,129$5,473$4,880$4,346$2,743
12 years$6,219$5,501$4,857$4,280$3,766$2,261
13 years$5,681$4,972$4,339$3,779$3,284$1,873
14 years$5,221$4,519$3,899$3,355$2,879$1,558
15 years$4,823$4,128$3,520$2,992$2,535$1,301
16 years$4,475$3,788$3,192$2,679$2,240$1,089
17 years$4,168$3,488$2,904$2,407$1,986$913
18 years$3,895$3,223$2,651$2,169$1,766$768
19 years$3,652$2,987$2,427$1,960$1,574$646
20 years$3,433$2,776$2,227$1,775$1,406$545
21 years$3,235$2,586$2,049$1,611$1,258$460
22 years$3,055$2,414$1,888$1,465$1,128$388
23 years$2,891$2,257$1,743$1,334$1,013$328
24 years$2,742$2,115$1,612$1,217$910$278
25 years$2,604$1,985$1,493$1,111$819$235
26 years$2,477$1,865$1,385$1,016$738$199
27 years$2,360$1,756$1,286$930$665$169
28 years$2,251$1,654$1,196$852$600$143
29 years$2,150$1,561$1,113$781$542$121
30 years$2,056$1,474$1,036$717$490$103
31 years$1,968$1,393$966$659$443$87
32 years$1,886$1,318$901$605$400$74
33 years$1,809$1,248$842$557$362$63
34 years$1,736$1,183$786$512$328$53
35 years$1,668$1,122$735$471$297$45
36 years$1,604$1,065$688$434$269$38
37 years$1,544$1,012$644$400$244$32
38 years$1,486$962$603$369$221$28
39 years$1,432$914$565$340$201$23
40 years$1,381$870$529$314$182$20
41 years$1,332$828$496$289$165$17
42 years$1,286$789$466$267$150$14
43 years$1,242$751$437$246$136$12
44 years$1,200$716$410$228$123$10
45 years$1,160$683$385$210$112$9
46 years$1,122$652$362$194$102$7
47 years$1,086$622$340$179$92$6
48 years$1,051$594$319$166$84$5
49 years$1,018$567$300$153$76$5
50 years$986$541$282$142$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,010,000, adding $3,301 every year, while hoping to spend $27,594 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: 48/45/7 Blend
42$1,010,000$1,010,000$1,010,000$1,010,000
43$1,116,425$1,062,895$1,047,240$1,167,797
44$1,200,941$1,085,617$1,052,963$1,226,045
45$1,293,152$1,108,528$1,057,952$1,286,065
46$1,393,815$1,131,607$1,062,155$1,350,580
47$1,503,761$1,154,833$1,065,515$1,420,017
48$1,623,907$1,178,182$1,067,972$1,494,843
49$1,755,261$1,201,629$1,069,464$1,575,577
50$1,898,933$1,225,144$1,069,927$1,662,787
51$2,056,146$1,248,697$1,069,291$1,757,100
52$2,228,245$1,272,256$1,067,484$1,859,208
53$2,416,713$1,295,783$1,064,432$1,969,873
54$2,623,182$1,319,241$1,060,055$2,089,933
55$2,849,450$1,342,587$1,054,270$2,220,314
56$3,097,497$1,365,777$1,046,991$2,362,036
57$3,369,502$1,388,760$1,038,126$2,516,223
58$3,667,868$1,411,486$1,027,580$2,684,112
59$3,995,239$1,433,898$1,015,252$2,867,071
60$4,354,530$1,455,935$1,001,040$3,066,604
61$4,748,949$1,477,533$984,832$3,284,370
62$5,182,032$1,498,623$966,514$3,522,199
63$5,657,674$1,519,129$945,966$3,782,107
64$6,180,164$1,538,974$923,063$4,066,315
65$6,754,227$1,558,071$897,673$4,377,276
66$7,385,072$1,576,329$869,658$4,717,690
67$8,078,433$1,593,653$838,875$5,090,535
68$8,840,629$1,609,938$805,174$5,499,095
69$9,678,623$1,625,075$768,397$5,946,987
70$10,600,084$1,638,945$728,379$6,438,203
71$11,613,462$1,651,423$684,950$6,977,140
72$12,728,069$1,662,376$637,929$7,568,647
73$13,954,161$1,671,662$587,129$8,218,071
74$15,303,041$1,679,129$532,354$8,931,304
75$16,787,163$1,684,617$473,398$9,714,842
76$18,420,245$1,687,956$410,049$10,575,848
77$20,217,407$1,688,963$342,083$11,522,216
78$22,195,306$1,687,445$269,266$12,562,650
79$24,372,296$1,683,199$191,355$13,706,744
80$26,768,601$1,676,006$108,096$14,965,076
81$29,406,504$1,665,636$19,223$16,349,303
82$32,310,559$1,651,844$0$17,872,280
83$35,507,823$1,634,371$0$19,553,823
84$39,028,108$1,612,942$0$21,405,800
85$42,904,264$1,587,266$0$23,444,014
86$47,172,490$1,557,033$0$25,687,467
87$51,872,672$1,521,916$0$28,157,102
88$57,048,764$1,481,569$0$30,876,005
89$62,749,197$1,435,624$0$33,869,621
90$69,027,340$1,383,695$0$37,165,998
91$75,942,002$1,325,369$0$40,796,049
92$83,557,986$1,260,213$0$44,793,847
93$91,946,703$1,187,765$0$49,196,948
94$101,186,842$1,107,541$0$54,046,746
95$111,365,114$1,019,025$0$59,388,866
96$122,577,073$921,674$0$65,273,593
97$134,928,012$814,913$0$71,756,354
98$148,533,961$698,136$0$78,898,237
99$163,522,780$570,700$0$86,766,572
100$180,035,367$431,928$0$95,435,568