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%12.3%
1 years$85,056$84,299$83,560$82,838$82,134$81,344
2 years$42,107$41,323$40,563$39,826$39,111$38,315
3 years$27,793$27,005$26,247$25,517$24,814$24,037
4 years$20,637$19,852$19,101$18,384$17,697$16,945
5 years$16,344$15,564$14,823$14,120$13,453$12,728
6 years$13,484$12,709$11,979$11,292$10,645$9,948
7 years$11,441$10,673$9,955$9,284$8,657$7,988
8 years$9,910$9,149$8,443$7,788$7,182$6,541
9 years$8,720$7,966$7,272$6,634$6,048$5,436
10 years$7,768$7,021$6,339$5,718$5,154$4,569
11 years$6,990$6,251$5,581$4,977$4,432$3,874
12 years$6,342$5,610$4,953$4,365$3,841$3,310
13 years$5,794$5,070$4,425$3,854$3,349$2,844
14 years$5,325$4,609$3,976$3,421$2,936$2,456
15 years$4,918$4,210$3,590$3,051$2,585$2,130
16 years$4,563$3,863$3,255$2,732$2,285$1,853
17 years$4,250$3,557$2,962$2,454$2,026$1,618
18 years$3,972$3,287$2,704$2,212$1,801$1,415
19 years$3,724$3,046$2,475$1,999$1,605$1,241
20 years$3,501$2,831$2,272$1,810$1,434$1,090
21 years$3,299$2,637$2,089$1,643$1,283$959
22 years$3,116$2,461$1,926$1,494$1,150$845
23 years$2,949$2,302$1,778$1,360$1,033$746
24 years$2,796$2,157$1,644$1,241$928$659
25 years$2,655$2,024$1,523$1,133$835$583
26 years$2,526$1,902$1,413$1,036$752$515
27 years$2,407$1,790$1,312$948$678$456
28 years$2,296$1,687$1,219$869$612$404
29 years$2,193$1,592$1,135$797$553$359
30 years$2,097$1,503$1,057$731$499$318
31 years$2,007$1,421$985$672$451$282
32 years$1,923$1,344$919$617$408$251
33 years$1,845$1,273$858$568$370$222
34 years$1,771$1,207$802$522$335$198
35 years$1,701$1,145$750$481$303$176
36 years$1,636$1,086$701$443$275$156
37 years$1,574$1,032$657$408$249$139
38 years$1,516$981$615$376$226$123
39 years$1,461$932$576$347$205$110
40 years$1,408$887$540$320$186$98
41 years$1,359$844$506$295$168$87
42 years$1,311$804$475$272$153$77
43 years$1,266$766$446$251$139$69
44 years$1,224$730$418$232$126$61
45 years$1,183$697$393$214$114$54
46 years$1,144$664$369$198$104$48
47 years$1,107$634$347$183$94$43
48 years$1,072$605$326$169$86$38
49 years$1,038$578$306$156$78$34
50 years$1,006$552$288$144$71$30

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 $3,953 every year, while hoping to spend $57,885 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: 54/37/9 Blend
42$1,030,000$1,030,000$1,030,000$1,030,000
43$1,139,138$1,084,548$1,068,583$1,197,907
44$1,193,740$1,076,101$1,042,791$1,229,728
45$1,251,973$1,065,301$1,014,195$1,257,677
46$1,314,143$1,051,970$982,640$1,286,717
47$1,380,591$1,035,922$947,964$1,316,962
48$1,451,688$1,016,958$909,997$1,348,541
49$1,527,840$994,869$868,562$1,381,597
50$1,609,494$969,432$823,473$1,416,293
51$1,697,140$940,412$774,537$1,452,812
52$1,791,315$907,559$721,551$1,491,358
53$1,892,610$870,610$664,303$1,532,161
54$2,001,672$829,286$602,573$1,575,476
55$2,119,213$783,291$536,130$1,621,592
56$2,246,014$732,314$464,732$1,670,830
57$2,382,935$676,025$388,127$1,723,550
58$2,530,917$614,073$306,053$1,780,153
59$2,690,999$546,091$218,234$1,841,089
60$2,864,321$471,689$124,384$1,906,857
61$3,052,134$390,454$24,204$1,978,016
62$3,255,817$301,952$0$2,055,188
63$3,476,886$205,723$0$2,147,008
64$3,717,006$101,281$0$2,249,304
65$3,978,011$0$0$2,360,638
66$4,261,918$0$0$2,486,842
67$4,570,945$0$0$2,669,184
68$4,907,533$0$0$2,867,877
69$5,274,369$0$0$3,084,521
70$5,674,410$0$0$3,320,872
71$6,110,910$0$0$3,578,864
72$6,587,451$0$0$3,860,630
73$7,107,976$0$0$4,168,511
74$7,676,825$0$0$4,505,091
75$8,298,778$0$0$4,873,211
76$8,979,096$0$0$5,276,000
77$9,723,572$0$0$5,716,904
78$10,538,586$0$0$6,199,716
79$11,431,163$0$0$6,728,616
80$12,409,038$0$0$7,308,204
81$13,480,731$0$0$7,943,547
82$14,655,625$0$0$8,640,229
83$15,944,054$0$0$9,404,394
84$17,357,399$0$0$10,242,814
85$18,908,198$0$0$11,162,947
86$20,610,259$0$0$12,173,008
87$22,478,793$0$0$13,282,046
88$24,530,556$0$0$14,500,028
89$26,784,005$0$0$15,837,935
90$29,259,472$0$0$17,307,864
91$31,979,357$0$0$18,923,142
92$34,968,337$0$0$20,698,449
93$38,253,595$0$0$22,649,960
94$41,865,082$0$0$24,795,493
95$45,835,794$0$0$27,154,680
96$50,202,083$0$0$29,749,151
97$55,004,002$0$0$32,602,736
98$60,285,677$0$0$35,741,690
99$66,095,728$0$0$39,194,943
100$72,487,724$0$0$42,994,366