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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$83,405$82,662$81,937$81,230$80,539$78,784
2 years$41,290$40,521$39,775$39,053$38,352$36,593
3 years$27,253$26,481$25,737$25,021$24,332$22,623
4 years$20,236$19,466$18,730$18,027$17,354$15,709
5 years$16,027$15,262$14,535$13,846$13,192$11,616
6 years$13,222$12,462$11,747$11,073$10,438$8,932
7 years$11,219$10,466$9,762$9,104$8,489$7,053
8 years$9,717$8,971$8,279$7,637$7,043$5,677
9 years$8,550$7,811$7,130$6,505$5,931$4,634
10 years$7,617$6,885$6,216$5,607$5,053$3,824
11 years$6,854$6,129$5,473$4,880$4,346$3,182
12 years$6,219$5,501$4,857$4,280$3,766$2,667
13 years$5,681$4,972$4,339$3,779$3,284$2,247
14 years$5,221$4,519$3,899$3,355$2,879$1,902
15 years$4,823$4,128$3,520$2,992$2,535$1,616
16 years$4,475$3,788$3,192$2,679$2,240$1,377
17 years$4,168$3,488$2,904$2,407$1,986$1,176
18 years$3,895$3,223$2,651$2,169$1,766$1,007
19 years$3,652$2,987$2,427$1,960$1,574$864
20 years$3,433$2,776$2,227$1,775$1,406$742
21 years$3,235$2,586$2,049$1,611$1,258$638
22 years$3,055$2,414$1,888$1,465$1,128$550
23 years$2,891$2,257$1,743$1,334$1,013$474
24 years$2,742$2,115$1,612$1,217$910$409
25 years$2,604$1,985$1,493$1,111$819$353
26 years$2,477$1,865$1,385$1,016$738$305
27 years$2,360$1,756$1,286$930$665$264
28 years$2,251$1,654$1,196$852$600$228
29 years$2,150$1,561$1,113$781$542$197
30 years$2,056$1,474$1,036$717$490$171
31 years$1,968$1,393$966$659$443$148
32 years$1,886$1,318$901$605$400$128
33 years$1,809$1,248$842$557$362$111
34 years$1,736$1,183$786$512$328$96
35 years$1,668$1,122$735$471$297$83
36 years$1,604$1,065$688$434$269$72
37 years$1,544$1,012$644$400$244$62
38 years$1,486$962$603$369$221$54
39 years$1,432$914$565$340$201$47
40 years$1,381$870$529$314$182$41
41 years$1,332$828$496$289$165$35
42 years$1,286$789$466$267$150$31
43 years$1,242$751$437$246$136$27
44 years$1,200$716$410$228$123$23
45 years$1,160$683$385$210$112$20
46 years$1,122$652$362$194$102$17
47 years$1,086$622$340$179$92$15
48 years$1,051$594$319$166$84$13
49 years$1,018$567$300$153$76$11
50 years$986$541$282$142$69$10

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 $2,861 every year, while hoping to spend $47,772 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: 62/32/6 Blend
42$1,010,000$1,010,000$1,010,000$1,010,000
43$1,115,971$1,062,441$1,046,786$1,183,789
44$1,178,971$1,063,672$1,031,024$1,230,621
45$1,246,796$1,063,361$1,013,134$1,275,878
46$1,319,888$1,061,384$992,992$1,324,038
47$1,398,731$1,057,607$970,472$1,375,380
48$1,483,859$1,051,887$945,440$1,430,213
49$1,575,857$1,044,075$917,757$1,488,877
50$1,675,370$1,034,010$887,277$1,551,751
51$1,783,104$1,021,523$853,848$1,619,251
52$1,899,838$1,006,435$817,309$1,691,839
53$2,026,427$988,555$777,494$1,770,025
54$2,163,811$967,683$734,229$1,854,373
55$2,313,025$943,605$687,331$1,945,508
56$2,475,207$916,095$636,610$2,044,120
57$2,651,609$884,914$581,866$2,150,971
58$2,843,607$849,808$522,893$2,266,905
59$3,052,717$810,511$459,472$2,392,853
60$3,280,607$766,739$391,378$2,529,847
61$3,529,112$718,193$318,372$2,679,025
62$3,800,252$664,554$240,207$2,841,646
63$4,096,250$605,490$156,627$3,019,100
64$4,419,553$540,645$67,359$3,212,925
65$4,772,856$469,645$0$3,424,818
66$5,159,125$392,095$0$3,658,442
67$5,581,626$307,578$0$3,918,801
68$6,043,955$215,652$0$4,203,886
69$6,550,070$115,851$0$4,516,247
70$7,104,333$7,683$0$4,858,697
71$7,711,544$0$0$5,234,344
72$8,376,992$0$0$5,685,127
73$9,106,500$0$0$6,182,348
74$9,906,482$0$0$6,727,681
75$10,784,003$0$0$7,325,952
76$11,746,843$0$0$7,982,476
77$12,803,573$0$0$8,703,108
78$13,963,633$0$0$9,494,297
79$15,237,425$0$0$10,363,146
80$16,636,402$0$0$11,317,481
81$18,173,184$0$0$12,365,924
82$19,861,675$0$0$13,517,970
83$21,717,188$0$0$14,784,083
84$23,756,597$0$0$16,175,789
85$25,998,490$0$0$17,705,786
86$28,463,345$0$0$19,388,065
87$31,173,726$0$0$21,238,040
88$34,154,489$0$0$23,272,692
89$37,433,024$0$0$25,510,732
90$41,039,504$0$0$27,972,776
91$45,007,177$0$0$30,681,537
92$49,372,674$0$0$33,662,041
93$54,176,358$0$0$36,941,862
94$59,462,698$0$0$40,551,383
95$65,280,697$0$0$44,524,081
96$71,684,345$0$0$48,896,843
97$78,733,132$0$0$53,710,313
98$86,492,611$0$0$59,009,275
99$95,035,011$0$0$64,843,077
100$104,439,921$0$0$71,266,095