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%16.3%
1 years$83,405$82,662$81,937$81,230$80,539$78,464
2 years$41,290$40,521$39,775$39,053$38,352$36,276
3 years$27,253$26,481$25,737$25,021$24,332$22,319
4 years$20,236$19,466$18,730$18,027$17,354$15,420
5 years$16,027$15,262$14,535$13,846$13,192$11,342
6 years$13,222$12,462$11,747$11,073$10,438$8,674
7 years$11,219$10,466$9,762$9,104$8,489$6,811
8 years$9,717$8,971$8,279$7,637$7,043$5,450
9 years$8,550$7,811$7,130$6,505$5,931$4,422
10 years$7,617$6,885$6,216$5,607$5,053$3,626
11 years$6,854$6,129$5,473$4,880$4,346$2,999
12 years$6,219$5,501$4,857$4,280$3,766$2,497
13 years$5,681$4,972$4,339$3,779$3,284$2,090
14 years$5,221$4,519$3,899$3,355$2,879$1,756
15 years$4,823$4,128$3,520$2,992$2,535$1,482
16 years$4,475$3,788$3,192$2,679$2,240$1,254
17 years$4,168$3,488$2,904$2,407$1,986$1,063
18 years$3,895$3,223$2,651$2,169$1,766$904
19 years$3,652$2,987$2,427$1,960$1,574$770
20 years$3,433$2,776$2,227$1,775$1,406$656
21 years$3,235$2,586$2,049$1,611$1,258$560
22 years$3,055$2,414$1,888$1,465$1,128$479
23 years$2,891$2,257$1,743$1,334$1,013$409
24 years$2,742$2,115$1,612$1,217$910$351
25 years$2,604$1,985$1,493$1,111$819$300
26 years$2,477$1,865$1,385$1,016$738$257
27 years$2,360$1,756$1,286$930$665$221
28 years$2,251$1,654$1,196$852$600$189
29 years$2,150$1,561$1,113$781$542$162
30 years$2,056$1,474$1,036$717$490$139
31 years$1,968$1,393$966$659$443$120
32 years$1,886$1,318$901$605$400$103
33 years$1,809$1,248$842$557$362$88
34 years$1,736$1,183$786$512$328$76
35 years$1,668$1,122$735$471$297$65
36 years$1,604$1,065$688$434$269$56
37 years$1,544$1,012$644$400$244$48
38 years$1,486$962$603$369$221$41
39 years$1,432$914$565$340$201$36
40 years$1,381$870$529$314$182$31
41 years$1,332$828$496$289$165$26
42 years$1,286$789$466$267$150$23
43 years$1,242$751$437$246$136$19
44 years$1,200$716$410$228$123$17
45 years$1,160$683$385$210$112$14
46 years$1,122$652$362$194$102$12
47 years$1,086$622$340$179$92$11
48 years$1,051$594$319$166$84$9
49 years$1,018$567$300$153$76$8
50 years$986$541$282$142$69$7

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 $3,412 every year, while hoping to spend $50,163 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: 65/16/19 Blend
42$1,010,000$1,010,000$1,010,000$1,010,000
43$1,116,539$1,063,009$1,047,354$1,183,573
44$1,177,053$1,061,724$1,029,068$1,227,693
45$1,242,059$1,058,694$1,008,487$1,269,842
46$1,311,960$1,053,782$985,483$1,314,710
47$1,387,203$1,046,840$959,919$1,362,565
48$1,468,275$1,037,712$931,654$1,413,703
49$1,555,713$1,026,234$900,539$1,468,452
50$1,650,107$1,012,231$866,418$1,527,174
51$1,752,103$995,516$829,129$1,590,269
52$1,862,415$975,893$788,501$1,658,182
53$1,981,823$953,154$744,358$1,731,403
54$2,111,189$927,078$696,514$1,810,475
55$2,251,457$897,432$644,774$1,895,999
56$2,403,668$863,968$588,936$1,988,636
57$2,568,965$826,426$528,789$2,089,123
58$2,748,606$784,527$464,110$2,198,270
59$2,943,976$737,981$394,669$2,316,974
60$3,156,596$686,476$320,225$2,446,226
61$3,388,141$629,686$240,525$2,587,123
62$3,640,456$567,265$155,307$2,740,874
63$3,915,569$498,847$64,296$2,908,819
64$4,215,712$424,046$0$3,092,436
65$4,543,344$342,454$0$3,300,014
66$4,901,170$253,639$0$3,541,044
67$5,292,167$157,145$0$3,804,535
68$5,719,616$52,493$0$4,092,754
69$6,187,124$0$0$4,408,201
70$6,698,669$0$0$4,764,342
71$7,258,625$0$0$5,164,371
72$7,871,813$0$0$5,602,495
73$8,543,539$0$0$6,082,516
74$9,279,648$0$0$6,608,618
75$10,086,578$0$0$7,185,413
76$10,971,417$0$0$7,817,976
77$11,941,974$0$0$8,511,899
78$13,006,849$0$0$9,273,342
79$14,175,516$0$0$10,109,088
80$15,458,409$0$0$11,026,612
81$16,867,022$0$0$12,034,145
82$18,414,016$0$0$13,140,755
83$20,113,341$0$0$14,356,431
84$21,980,362$0$0$15,692,179
85$24,032,005$0$0$17,160,122
86$26,286,920$0$0$18,773,617
87$28,765,652$0$0$20,547,377
88$31,490,834$0$0$22,497,615
89$34,487,404$0$0$24,642,191
90$37,782,836$0$0$27,000,783
91$41,407,400$0$0$29,595,072
92$45,394,447$0$0$32,448,945
93$49,780,723$0$0$35,588,721
94$54,606,714$0$0$39,043,399
95$59,917,030$0$0$42,844,929
96$65,760,822$0$0$47,028,517
97$72,192,246$0$0$51,632,954
98$79,270,977$0$0$56,700,980
99$87,062,763$0$0$62,279,691
100$95,640,056$0$0$68,420,980