Can I retire at age 43 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$84,231$83,480$82,748$82,034$81,336$79,596
2 years$41,698$40,922$40,169$39,439$38,732$36,987
3 years$27,523$26,743$25,992$25,269$24,573$22,878
4 years$20,436$19,659$18,916$18,205$17,526$15,894
5 years$16,186$15,413$14,679$13,983$13,323$11,759
6 years$13,353$12,586$11,863$11,182$10,542$9,047
7 years$11,330$10,569$9,858$9,194$8,573$7,148
8 years$9,814$9,060$8,361$7,712$7,112$5,756
9 years$8,635$7,888$7,201$6,569$5,990$4,702
10 years$7,692$6,953$6,278$5,663$5,103$3,882
11 years$6,922$6,190$5,527$4,928$4,389$3,233
12 years$6,280$5,556$4,905$4,323$3,804$2,711
13 years$5,738$5,021$4,382$3,816$3,317$2,286
14 years$5,273$4,564$3,938$3,388$2,907$1,936
15 years$4,871$4,169$3,555$3,021$2,560$1,646
16 years$4,519$3,825$3,223$2,705$2,262$1,403
17 years$4,209$3,523$2,933$2,431$2,006$1,200
18 years$3,934$3,255$2,677$2,190$1,784$1,028
19 years$3,688$3,017$2,451$1,979$1,590$883
20 years$3,467$2,803$2,249$1,793$1,420$759
21 years$3,267$2,611$2,069$1,627$1,271$653
22 years$3,085$2,438$1,907$1,479$1,139$563
23 years$2,920$2,280$1,761$1,347$1,023$486
24 years$2,769$2,136$1,628$1,229$919$419
25 years$2,630$2,005$1,508$1,122$827$362
26 years$2,502$1,884$1,399$1,026$745$313
27 years$2,383$1,773$1,299$939$672$271
28 years$2,273$1,671$1,208$860$606$235
29 years$2,171$1,576$1,124$789$547$203
30 years$2,076$1,488$1,047$724$494$176
31 years$1,988$1,407$976$665$447$152
32 years$1,905$1,331$910$611$404$132
33 years$1,827$1,261$850$562$366$115
34 years$1,754$1,195$794$517$331$99
35 years$1,685$1,133$743$476$300$86
36 years$1,620$1,076$695$438$272$75
37 years$1,559$1,022$650$404$246$65
38 years$1,501$971$609$372$223$56
39 years$1,446$923$570$343$203$49
40 years$1,395$879$535$317$184$42
41 years$1,345$836$501$292$167$37
42 years$1,299$796$470$270$151$32
43 years$1,254$759$441$249$137$28
44 years$1,212$723$414$230$125$24
45 years$1,172$690$389$212$113$21
46 years$1,133$658$365$196$103$18
47 years$1,097$628$343$181$93$16
48 years$1,061$599$323$167$85$14
49 years$1,028$572$303$155$77$12
50 years$996$547$285$143$70$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,020,000, adding $6,023 every year, while hoping to spend $24,188 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: 60/31/9 Blend
42$1,020,000$1,020,000$1,020,000$1,020,000
43$1,130,253$1,076,193$1,060,383$1,195,428
44$1,219,803$1,103,190$1,070,170$1,266,865
45$1,317,676$1,130,700$1,079,474$1,341,455
46$1,424,696$1,158,722$1,088,253$1,422,212
47$1,541,770$1,187,254$1,096,465$1,509,732
48$1,669,895$1,216,294$1,104,061$1,604,669
49$1,810,172$1,245,840$1,110,995$1,707,746
50$1,963,810$1,275,887$1,117,213$1,819,756
51$2,132,143$1,306,429$1,122,664$1,941,574
52$2,316,638$1,337,461$1,127,290$2,074,164
53$2,518,913$1,368,974$1,131,032$2,218,587
54$2,740,749$1,400,960$1,133,828$2,376,011
55$2,984,106$1,433,408$1,135,612$2,547,724
56$3,251,145$1,466,305$1,136,315$2,735,144
57$3,544,246$1,499,639$1,135,866$2,939,834
58$3,866,030$1,533,392$1,134,189$3,163,514
59$4,219,384$1,567,548$1,131,204$3,408,081
60$4,607,490$1,602,086$1,126,828$3,675,623
61$5,033,851$1,636,986$1,120,973$3,968,444
62$5,502,328$1,672,221$1,113,550$4,289,077
63$6,017,172$1,707,767$1,104,460$4,640,318
64$6,583,069$1,743,593$1,093,605$5,025,246
65$7,205,180$1,779,667$1,080,879$5,447,253
66$7,889,192$1,815,954$1,066,172$5,910,077
67$8,641,369$1,852,415$1,049,368$6,417,837
68$9,468,613$1,889,008$1,030,346$6,975,073
69$10,378,530$1,925,688$1,008,981$7,586,786
70$11,379,498$1,962,405$985,140$8,258,489
71$12,480,749$1,999,105$958,685$8,996,254
72$13,692,455$2,035,731$929,470$9,806,775
73$15,025,823$2,072,219$897,345$10,697,429
74$16,493,202$2,108,503$862,151$11,676,344
75$18,108,198$2,144,508$823,722$12,752,476
76$19,885,803$2,180,158$781,886$13,935,699
77$21,842,537$2,215,368$736,461$15,236,889
78$23,996,601$2,250,047$687,258$16,668,037
79$26,368,053$2,284,098$634,080$18,242,352
80$28,978,993$2,317,417$576,720$19,974,396
81$31,853,773$2,349,893$514,963$21,880,214
82$35,019,227$2,381,407$448,583$23,977,488
83$38,504,922$2,411,830$377,345$26,285,706
84$42,343,441$2,441,026$301,003$28,826,344
85$46,570,686$2,468,850$219,300$31,623,069
86$51,226,218$2,495,147$131,969$34,701,965
87$56,353,633$2,519,749$38,730$38,091,777
88$62,000,968$2,542,481$0$41,824,181
89$68,221,157$2,563,153$0$45,939,927
90$75,072,533$2,581,566$0$50,475,999
91$82,619,373$2,597,504$0$55,471,107
92$90,932,508$2,610,740$0$60,972,009
93$100,089,990$2,621,033$0$67,030,234
94$110,177,830$2,628,125$0$73,702,570
95$121,290,808$2,631,742$0$81,051,595
96$133,533,366$2,631,594$0$89,146,273
97$147,020,599$2,627,371$0$98,062,603
98$161,879,335$2,618,747$0$107,884,337
99$178,249,335$2,605,373$0$118,703,773
100$196,284,612$2,586,881$0$130,622,624