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

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$85,056$84,299$83,560$82,838$82,134$81,582
2 years$42,107$41,323$40,563$39,826$39,111$38,555
3 years$27,793$27,005$26,247$25,517$24,814$24,270
4 years$20,637$19,852$19,101$18,384$17,697$17,170
5 years$16,344$15,564$14,823$14,120$13,453$12,944
6 years$13,484$12,709$11,979$11,292$10,645$10,155
7 years$11,441$10,673$9,955$9,284$8,657$8,186
8 years$9,910$9,149$8,443$7,788$7,182$6,730
9 years$8,720$7,966$7,272$6,634$6,048$5,616
10 years$7,768$7,021$6,339$5,718$5,154$4,740
11 years$6,990$6,251$5,581$4,977$4,432$4,037
12 years$6,342$5,610$4,953$4,365$3,841$3,464
13 years$5,794$5,070$4,425$3,854$3,349$2,990
14 years$5,325$4,609$3,976$3,421$2,936$2,594
15 years$4,918$4,210$3,590$3,051$2,585$2,260
16 years$4,563$3,863$3,255$2,732$2,285$1,976
17 years$4,250$3,557$2,962$2,454$2,026$1,733
18 years$3,972$3,287$2,704$2,212$1,801$1,524
19 years$3,724$3,046$2,475$1,999$1,605$1,343
20 years$3,501$2,831$2,272$1,810$1,434$1,186
21 years$3,299$2,637$2,089$1,643$1,283$1,049
22 years$3,116$2,461$1,926$1,494$1,150$929
23 years$2,949$2,302$1,778$1,360$1,033$824
24 years$2,796$2,157$1,644$1,241$928$732
25 years$2,655$2,024$1,523$1,133$835$651
26 years$2,526$1,902$1,413$1,036$752$579
27 years$2,407$1,790$1,312$948$678$515
28 years$2,296$1,687$1,219$869$612$459
29 years$2,193$1,592$1,135$797$553$409
30 years$2,097$1,503$1,057$731$499$365
31 years$2,007$1,421$985$672$451$326
32 years$1,923$1,344$919$617$408$291
33 years$1,845$1,273$858$568$370$260
34 years$1,771$1,207$802$522$335$232
35 years$1,701$1,145$750$481$303$208
36 years$1,636$1,086$701$443$275$186
37 years$1,574$1,032$657$408$249$166
38 years$1,516$981$615$376$226$148
39 years$1,461$932$576$347$205$133
40 years$1,408$887$540$320$186$119
41 years$1,359$844$506$295$168$106
42 years$1,311$804$475$272$153$95
43 years$1,266$766$446$251$139$85
44 years$1,224$730$418$232$126$76
45 years$1,183$697$393$214$114$68
46 years$1,144$664$369$198$104$61
47 years$1,107$634$347$183$94$55
48 years$1,072$605$326$169$86$49
49 years$1,038$578$306$156$78$44
50 years$1,006$552$288$144$71$39

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 $4,893 every year, while hoping to spend $51,011 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: 79/6/15 Blend
42$1,030,000$1,030,000$1,030,000$1,030,000
43$1,140,107$1,085,517$1,069,552$1,226,237
44$1,202,123$1,084,432$1,051,107$1,282,552
45$1,268,754$1,081,584$1,030,334$1,337,312
46$1,340,419$1,076,833$1,007,102$1,395,957
47$1,417,574$1,070,031$981,272$1,458,855
48$1,500,722$1,061,018$952,701$1,526,412
49$1,590,417$1,049,629$921,237$1,599,075
50$1,687,263$1,035,685$886,722$1,677,336
51$1,791,929$1,018,998$848,992$1,761,739
52$1,905,146$999,369$807,874$1,852,882
53$2,027,720$976,588$763,187$1,951,426
54$2,160,537$950,430$714,743$2,058,097
55$2,304,570$920,659$662,345$2,173,699
56$2,460,889$887,024$605,787$2,299,115
57$2,630,673$849,261$544,853$2,435,322
58$2,815,215$807,089$479,320$2,583,394
59$3,015,942$760,211$408,952$2,744,517
60$3,234,420$708,314$333,504$2,919,998
61$3,472,375$651,065$252,720$3,111,279
62$3,731,705$588,115$166,334$3,319,949
63$4,014,499$519,093$74,066$3,547,759
64$4,323,055$443,606$0$3,796,644
65$4,659,906$361,241$0$4,072,637
66$5,027,836$271,562$0$4,387,087
67$5,429,912$174,105$0$4,730,767
68$5,869,511$68,384$0$5,106,587
69$6,350,350$0$0$5,517,751
70$6,876,523$0$0$5,970,830
71$7,452,535$0$0$6,471,800
72$8,083,352$0$0$7,020,465
73$8,774,437$0$0$7,621,582
74$9,531,810$0$0$8,280,393
75$10,362,100$0$0$9,002,666
76$11,272,609$0$0$9,794,757
77$12,271,377$0$0$10,663,668
78$13,367,261$0$0$11,617,107
79$14,570,018$0$0$12,663,568
80$15,890,394$0$0$13,812,406
81$17,340,227$0$0$15,073,926
82$18,932,557$0$0$16,459,479
83$20,681,749$0$0$17,981,572
84$22,603,627$0$0$19,653,979
85$24,715,626$0$0$21,491,878
86$27,036,951$0$0$23,511,988
87$29,588,762$0$0$25,732,729
88$32,394,369$0$0$28,174,395
89$35,479,457$0$0$30,859,345
90$38,872,321$0$0$33,812,211
91$42,604,136$0$0$37,060,133
92$46,709,252$0$0$40,633,015
93$51,225,515$0$0$44,563,802
94$56,194,621$0$0$48,888,795
95$61,662,515$0$0$53,647,991
96$67,679,820$0$0$58,885,460
97$74,302,313$0$0$64,649,761
98$81,591,455$0$0$70,994,396
99$89,614,963$0$0$77,978,321
100$98,447,456$0$0$85,666,494