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

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$84,231$83,480$82,748$82,034$81,336$79,306
2 years$41,698$40,922$40,169$39,439$38,732$36,699
3 years$27,523$26,743$25,992$25,269$24,573$22,601
4 years$20,436$19,659$18,916$18,205$17,526$15,630
5 years$16,186$15,413$14,679$13,983$13,323$11,509
6 years$13,353$12,586$11,863$11,182$10,542$8,812
7 years$11,330$10,569$9,858$9,194$8,573$6,927
8 years$9,814$9,060$8,361$7,712$7,112$5,549
9 years$8,635$7,888$7,201$6,569$5,990$4,508
10 years$7,692$6,953$6,278$5,663$5,103$3,701
11 years$6,922$6,190$5,527$4,928$4,389$3,065
12 years$6,280$5,556$4,905$4,323$3,804$2,555
13 years$5,738$5,021$4,382$3,816$3,317$2,141
14 years$5,273$4,564$3,938$3,388$2,907$1,802
15 years$4,871$4,169$3,555$3,021$2,560$1,523
16 years$4,519$3,825$3,223$2,705$2,262$1,290
17 years$4,209$3,523$2,933$2,431$2,006$1,096
18 years$3,934$3,255$2,677$2,190$1,784$933
19 years$3,688$3,017$2,451$1,979$1,590$795
20 years$3,467$2,803$2,249$1,793$1,420$679
21 years$3,267$2,611$2,069$1,627$1,271$581
22 years$3,085$2,438$1,907$1,479$1,139$497
23 years$2,920$2,280$1,761$1,347$1,023$426
24 years$2,769$2,136$1,628$1,229$919$365
25 years$2,630$2,005$1,508$1,122$827$313
26 years$2,502$1,884$1,399$1,026$745$269
27 years$2,383$1,773$1,299$939$672$231
28 years$2,273$1,671$1,208$860$606$198
29 years$2,171$1,576$1,124$789$547$171
30 years$2,076$1,488$1,047$724$494$147
31 years$1,988$1,407$976$665$447$126
32 years$1,905$1,331$910$611$404$108
33 years$1,827$1,261$850$562$366$93
34 years$1,754$1,195$794$517$331$80
35 years$1,685$1,133$743$476$300$69
36 years$1,620$1,076$695$438$272$59
37 years$1,559$1,022$650$404$246$51
38 years$1,501$971$609$372$223$44
39 years$1,446$923$570$343$203$38
40 years$1,395$879$535$317$184$33
41 years$1,345$836$501$292$167$28
42 years$1,299$796$470$270$151$24
43 years$1,254$759$441$249$137$21
44 years$1,212$723$414$230$125$18
45 years$1,172$690$389$212$113$15
46 years$1,133$658$365$196$103$13
47 years$1,097$628$343$181$93$11
48 years$1,061$599$323$167$85$10
49 years$1,028$572$303$155$77$9
50 years$996$547$285$143$70$7

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 $6,745 every year, while hoping to spend $59,359 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: 52/40/8 Blend
42$1,020,000$1,020,000$1,020,000$1,020,000
43$1,130,997$1,076,937$1,061,127$1,187,200
44$1,183,202$1,066,550$1,033,518$1,215,755
45$1,238,741$1,053,664$1,002,994$1,239,800
46$1,297,894$1,038,094$969,395$1,264,540
47$1,360,963$1,019,645$932,554$1,290,054
48$1,428,282$998,108$892,295$1,316,429
49$1,500,215$973,264$848,435$1,343,768
50$1,577,162$944,879$800,783$1,372,187
51$1,659,562$912,707$749,138$1,401,816
52$1,747,894$876,487$693,291$1,432,805
53$1,842,687$835,942$633,024$1,465,322
54$1,944,518$790,781$568,108$1,499,556
55$2,054,024$740,693$498,304$1,535,724
56$2,171,900$685,354$423,363$1,574,066
57$2,298,914$624,416$343,025$1,614,855
58$2,435,905$557,514$257,019$1,658,398
59$2,583,799$484,264$165,060$1,705,039
60$2,743,609$404,256$66,853$1,755,165
61$2,916,453$317,060$0$1,809,208
62$3,103,556$222,221$0$1,870,893
63$3,306,267$119,258$0$1,943,826
64$3,526,068$7,663$0$2,022,929
65$3,764,589$0$0$2,108,912
66$4,023,624$0$0$2,252,347
67$4,305,144$0$0$2,411,989
68$4,611,319$0$0$2,585,706
69$4,944,537$0$0$2,774,865
70$5,307,422$0$0$2,980,969
71$5,702,866$0$0$3,205,671
72$6,134,049$0$0$3,450,794
73$6,604,472$0$0$3,718,341
74$7,117,987$0$0$4,010,517
75$7,678,836$0$0$4,329,753
76$8,291,689$0$0$4,678,720
77$8,961,685$0$0$5,060,364
78$9,694,485$0$0$5,477,923
79$10,496,320$0$0$5,934,968
80$11,374,051$0$0$6,435,428
81$12,335,235$0$0$6,983,631
82$13,388,192$0$0$7,584,341
83$14,542,085$0$0$8,242,808
84$15,807,007$0$0$8,964,812
85$17,194,072$0$0$9,756,719
86$18,715,523$0$0$10,625,541
87$20,384,843$0$0$11,579,004
88$22,216,884$0$0$12,625,613
89$24,228,006$0$0$13,774,742
90$26,436,230$0$0$15,036,713
91$28,861,407$0$0$16,422,899
92$31,525,406$0$0$17,945,827
93$34,452,317$0$0$19,619,301
94$37,668,679$0$0$21,458,522
95$41,203,731$0$0$23,480,243
96$45,089,682$0$0$25,702,918
97$49,362,020$0$0$28,146,878
98$54,059,843$0$0$30,834,522
99$59,226,224$0$0$33,790,532
100$64,908,623$0$0$37,042,097