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%17.5%
1 years$83,405$82,662$81,937$81,230$80,539$78,086
2 years$41,290$40,521$39,775$39,053$38,352$35,902
3 years$27,253$26,481$25,737$25,021$24,332$21,961
4 years$20,236$19,466$18,730$18,027$17,354$15,081
5 years$16,027$15,262$14,535$13,846$13,192$11,023
6 years$13,222$12,462$11,747$11,073$10,438$8,375
7 years$11,219$10,466$9,762$9,104$8,489$6,531
8 years$9,717$8,971$8,279$7,637$7,043$5,189
9 years$8,550$7,811$7,130$6,505$5,931$4,180
10 years$7,617$6,885$6,216$5,607$5,053$3,402
11 years$6,854$6,129$5,473$4,880$4,346$2,792
12 years$6,219$5,501$4,857$4,280$3,766$2,306
13 years$5,681$4,972$4,339$3,779$3,284$1,915
14 years$5,221$4,519$3,899$3,355$2,879$1,596
15 years$4,823$4,128$3,520$2,992$2,535$1,335
16 years$4,475$3,788$3,192$2,679$2,240$1,120
17 years$4,168$3,488$2,904$2,407$1,986$942
18 years$3,895$3,223$2,651$2,169$1,766$793
19 years$3,652$2,987$2,427$1,960$1,574$669
20 years$3,433$2,776$2,227$1,775$1,406$566
21 years$3,235$2,586$2,049$1,611$1,258$478
22 years$3,055$2,414$1,888$1,465$1,128$405
23 years$2,891$2,257$1,743$1,334$1,013$343
24 years$2,742$2,115$1,612$1,217$910$291
25 years$2,604$1,985$1,493$1,111$819$247
26 years$2,477$1,865$1,385$1,016$738$210
27 years$2,360$1,756$1,286$930$665$178
28 years$2,251$1,654$1,196$852$600$151
29 years$2,150$1,561$1,113$781$542$128
30 years$2,056$1,474$1,036$717$490$109
31 years$1,968$1,393$966$659$443$93
32 years$1,886$1,318$901$605$400$79
33 years$1,809$1,248$842$557$362$67
34 years$1,736$1,183$786$512$328$57
35 years$1,668$1,122$735$471$297$49
36 years$1,604$1,065$688$434$269$41
37 years$1,544$1,012$644$400$244$35
38 years$1,486$962$603$369$221$30
39 years$1,432$914$565$340$201$25
40 years$1,381$870$529$314$182$22
41 years$1,332$828$496$289$165$18
42 years$1,286$789$466$267$150$16
43 years$1,242$751$437$246$136$13
44 years$1,200$716$410$228$123$11
45 years$1,160$683$385$210$112$10
46 years$1,122$652$362$194$102$8
47 years$1,086$622$340$179$92$7
48 years$1,051$594$319$166$84$6
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 $6,489 every year, while hoping to spend $30,442 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: 56/33/11 Blend
42$1,010,000$1,010,000$1,010,000$1,010,000
43$1,119,713$1,066,183$1,050,528$1,178,992
44$1,201,534$1,086,036$1,053,331$1,239,685
45$1,290,680$1,105,842$1,055,207$1,301,847
46$1,387,867$1,125,565$1,056,094$1,368,832
47$1,493,881$1,145,170$1,055,925$1,441,106
48$1,609,589$1,164,615$1,054,630$1,519,182
49$1,735,944$1,183,858$1,052,137$1,603,625
50$1,873,995$1,202,852$1,048,369$1,695,058
51$2,024,899$1,221,548$1,043,246$1,794,168
52$2,189,928$1,239,893$1,036,683$1,901,713
53$2,370,482$1,257,829$1,028,594$2,018,526
54$2,568,103$1,275,295$1,018,884$2,145,528
55$2,784,491$1,292,226$1,007,457$2,283,734
56$3,021,515$1,308,551$994,213$2,434,263
57$3,281,235$1,324,195$979,045$2,598,346
58$3,565,920$1,339,080$961,842$2,777,345
59$3,878,067$1,353,118$942,487$2,972,758
60$4,220,429$1,366,220$920,860$3,186,239
61$4,596,036$1,378,288$896,832$3,419,608
62$5,008,226$1,389,219$870,270$3,674,876
63$5,460,677$1,398,902$841,036$3,954,258
64$5,957,438$1,407,221$808,983$4,260,197
65$6,502,972$1,414,049$773,959$4,595,385
66$7,102,193$1,419,256$735,805$4,962,792
67$7,760,517$1,422,699$694,354$5,365,691
68$8,483,907$1,424,229$649,432$5,807,693
69$9,278,935$1,423,686$600,858$6,292,776
70$10,152,841$1,420,901$548,441$6,825,328
71$11,113,599$1,415,694$491,983$7,410,186
72$12,169,999$1,407,875$431,276$8,052,685
73$13,331,719$1,397,241$366,104$8,758,703
74$14,609,427$1,383,579$296,241$9,534,723
75$16,014,874$1,366,660$221,451$10,387,892
76$17,561,008$1,346,243$141,486$11,326,089
77$19,262,095$1,322,073$56,091$12,358,001
78$21,133,854$1,293,880$0$13,493,203
79$23,193,603$1,261,376$0$14,746,367
80$25,460,426$1,224,259$0$16,132,309
81$27,955,349$1,182,207$0$17,657,304
82$30,701,540$1,134,881$0$19,335,532
83$33,724,527$1,081,919$0$21,182,622
84$37,052,438$1,022,943$0$23,215,801
85$40,716,268$957,549$0$25,454,058
86$44,750,171$885,312$0$27,918,320
87$49,191,778$805,782$0$30,631,655
88$54,082,557$718,483$0$33,619,491
89$59,468,202$622,913$0$36,909,850
90$65,399,064$518,541$0$40,533,621
91$71,930,624$404,805$0$44,524,850
92$79,124,020$281,113$0$48,921,059
93$87,046,622$146,839$0$53,763,607
94$95,772,665$1,322$0$59,098,078
95$105,383,954$0$0$64,974,714
96$115,970,633$0$0$71,505,585
97$127,632,035$0$0$78,700,110
98$140,477,620$0$0$86,625,356
99$154,628,010$0$0$95,355,759
100$170,216,121$0$0$104,973,344