Can I retire at age 43 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$85,056$84,299$83,560$82,838$82,134$80,707
2 years$42,107$41,323$40,563$39,826$39,111$37,678
3 years$27,793$27,005$26,247$25,517$24,814$23,419
4 years$20,637$19,852$19,101$18,384$17,697$16,352
5 years$16,344$15,564$14,823$14,120$13,453$12,161
6 years$13,484$12,709$11,979$11,292$10,645$9,408
7 years$11,441$10,673$9,955$9,284$8,657$7,475
8 years$9,910$9,149$8,443$7,788$7,182$6,054
9 years$8,720$7,966$7,272$6,634$6,048$4,975
10 years$7,768$7,021$6,339$5,718$5,154$4,133
11 years$6,990$6,251$5,581$4,977$4,432$3,464
12 years$6,342$5,610$4,953$4,365$3,841$2,923
13 years$5,794$5,070$4,425$3,854$3,349$2,481
14 years$5,325$4,609$3,976$3,421$2,936$2,116
15 years$4,918$4,210$3,590$3,051$2,585$1,811
16 years$4,563$3,863$3,255$2,732$2,285$1,555
17 years$4,250$3,557$2,962$2,454$2,026$1,339
18 years$3,972$3,287$2,704$2,212$1,801$1,156
19 years$3,724$3,046$2,475$1,999$1,605$1,000
20 years$3,501$2,831$2,272$1,810$1,434$866
21 years$3,299$2,637$2,089$1,643$1,283$751
22 years$3,116$2,461$1,926$1,494$1,150$653
23 years$2,949$2,302$1,778$1,360$1,033$567
24 years$2,796$2,157$1,644$1,241$928$494
25 years$2,655$2,024$1,523$1,133$835$430
26 years$2,526$1,902$1,413$1,036$752$375
27 years$2,407$1,790$1,312$948$678$327
28 years$2,296$1,687$1,219$869$612$285
29 years$2,193$1,592$1,135$797$553$249
30 years$2,097$1,503$1,057$731$499$217
31 years$2,007$1,421$985$672$451$190
32 years$1,923$1,344$919$617$408$166
33 years$1,845$1,273$858$568$370$145
34 years$1,771$1,207$802$522$335$127
35 years$1,701$1,145$750$481$303$111
36 years$1,636$1,086$701$443$275$97
37 years$1,574$1,032$657$408$249$85
38 years$1,516$981$615$376$226$74
39 years$1,461$932$576$347$205$65
40 years$1,408$887$540$320$186$57
41 years$1,359$844$506$295$168$50
42 years$1,311$804$475$272$153$44
43 years$1,266$766$446$251$139$38
44 years$1,224$730$418$232$126$33
45 years$1,183$697$393$214$114$29
46 years$1,144$664$369$198$104$26
47 years$1,107$634$347$183$94$22
48 years$1,072$605$326$169$86$20
49 years$1,038$578$306$156$78$17
50 years$1,006$552$288$144$71$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,030,000, adding $3,139 every year, while hoping to spend $35,265 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: 26/44/30 Blend
42$1,030,000$1,030,000$1,030,000$1,030,000
43$1,138,298$1,083,708$1,067,743$1,157,207
44$1,216,883$1,099,288$1,065,991$1,188,740
45$1,302,301$1,114,449$1,062,998$1,219,353
46$1,395,213$1,129,135$1,058,685$1,251,486
47$1,496,344$1,143,282$1,052,971$1,285,293
48$1,606,494$1,156,825$1,045,768$1,320,946
49$1,726,541$1,169,694$1,036,986$1,358,637
50$1,857,452$1,181,813$1,026,529$1,398,577
51$2,000,293$1,193,103$1,014,298$1,441,005
52$2,156,235$1,203,477$1,000,189$1,486,185
53$2,326,568$1,212,844$984,093$1,534,410
54$2,512,713$1,221,109$965,895$1,586,007
55$2,716,232$1,228,166$945,475$1,641,340
56$2,938,849$1,233,907$922,709$1,700,811
57$3,182,457$1,238,214$897,466$1,764,871
58$3,449,145$1,240,963$869,608$1,834,017
59$3,741,210$1,242,023$838,992$1,908,802
60$4,061,183$1,241,252$805,469$1,989,841
61$4,411,853$1,238,503$768,881$2,077,814
62$4,796,288$1,233,616$729,065$2,173,479
63$5,217,871$1,226,424$685,849$2,277,672
64$5,680,324$1,216,749$639,055$2,391,324
65$6,187,749$1,204,402$588,496$2,515,465
66$6,744,665$1,189,183$533,977$2,651,236
67$7,356,048$1,170,880$475,292$2,799,902
68$8,027,380$1,149,269$412,229$2,962,865
69$8,764,700$1,124,110$344,566$3,141,675
70$9,574,661$1,095,152$272,070$3,338,051
71$10,464,589$1,062,128$194,498$3,553,893
72$11,442,560$1,024,755$111,596$3,791,307
73$12,517,468$982,734$23,101$4,052,620
74$13,699,110$935,749$0$4,340,408
75$14,998,283$883,465$0$4,680,358
76$16,426,881$825,527$0$5,062,159
77$17,998,007$761,562$0$5,481,991
78$19,726,098$691,174$0$5,943,807
79$21,627,063$613,943$0$6,451,970
80$23,718,426$529,429$0$7,011,297
81$26,019,498$437,164$0$7,627,105
82$28,551,556$336,654$0$8,305,261
83$31,338,043$227,379$0$9,052,241
84$34,404,790$108,787$0$9,875,190
85$37,780,259$0$0$10,781,994
86$41,495,810$0$0$11,790,894
87$45,585,999$0$0$12,959,713
88$50,088,903$0$0$14,246,685
89$55,046,476$0$0$15,663,828
90$60,504,949$0$0$17,224,385
91$66,515,265$0$0$18,942,948
92$73,133,555$0$0$20,835,598
93$80,421,674$0$0$22,920,053
94$88,447,778$0$0$25,215,838
95$97,286,972$0$0$27,744,468
96$107,022,016$0$0$30,529,652
97$117,744,105$0$0$33,597,514
98$129,553,732$0$0$36,976,845
99$142,561,631$0$0$40,699,367
100$156,889,830$0$0$44,800,040