Can I retire at age 43 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$85,882$85,117$84,371$83,642$82,931$81,223
2 years$42,516$41,724$40,957$40,213$39,491$37,778
3 years$28,062$27,267$26,502$25,765$25,055$23,390
4 years$20,837$20,044$19,286$18,562$17,869$16,266
5 years$16,503$15,715$14,967$14,257$13,584$12,047
6 years$13,615$12,832$12,096$11,402$10,748$9,279
7 years$11,552$10,777$10,052$9,374$8,741$7,339
8 years$10,006$9,238$8,524$7,864$7,252$5,917
9 years$8,804$8,043$7,342$6,698$6,107$4,839
10 years$7,843$7,089$6,401$5,774$5,204$4,000
11 years$7,058$6,311$5,635$5,025$4,475$3,336
12 years$6,403$5,665$5,001$4,408$3,878$2,801
13 years$5,850$5,119$4,468$3,891$3,382$2,364
14 years$5,376$4,653$4,015$3,454$2,964$2,005
15 years$4,966$4,251$3,625$3,081$2,610$1,707
16 years$4,608$3,900$3,286$2,758$2,307$1,458
17 years$4,292$3,592$2,991$2,478$2,045$1,248
18 years$4,011$3,319$2,730$2,233$1,819$1,071
19 years$3,760$3,076$2,499$2,018$1,621$921
20 years$3,535$2,858$2,294$1,828$1,448$793
21 years$3,331$2,662$2,110$1,659$1,296$684
22 years$3,146$2,485$1,944$1,508$1,161$590
23 years$2,977$2,324$1,795$1,374$1,043$510
24 years$2,823$2,178$1,660$1,253$937$441
25 years$2,681$2,044$1,538$1,144$843$382
26 years$2,551$1,921$1,426$1,046$760$331
27 years$2,430$1,808$1,324$958$685$286
28 years$2,318$1,703$1,231$877$618$248
29 years$2,214$1,607$1,146$805$558$215
30 years$2,117$1,518$1,067$738$504$187
31 years$2,027$1,435$995$678$456$162
32 years$1,942$1,357$928$623$412$141
33 years$1,862$1,286$867$573$373$122
34 years$1,788$1,218$810$527$338$106
35 years$1,718$1,156$757$485$306$92
36 years$1,652$1,097$708$447$277$80
37 years$1,589$1,042$663$412$251$70
38 years$1,530$990$621$380$228$60
39 years$1,475$941$582$350$207$53
40 years$1,422$896$545$323$187$46
41 years$1,372$853$511$298$170$40
42 years$1,324$812$480$275$154$34
43 years$1,279$774$450$254$140$30
44 years$1,236$738$422$234$127$26
45 years$1,195$703$397$216$115$23
46 years$1,155$671$372$200$105$20
47 years$1,118$640$350$185$95$17
48 years$1,082$611$329$171$86$15
49 years$1,048$584$309$158$78$13
50 years$1,015$558$291$146$71$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,040,000, adding $3,163 every year, while hoping to spend $20,592 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: 59/36/5 Blend
42$1,040,000$1,040,000$1,040,000$1,040,000
43$1,149,343$1,094,223$1,078,103$1,215,953
44$1,244,666$1,125,930$1,092,309$1,292,640
45$1,349,022$1,158,500$1,106,302$1,373,568
46$1,463,310$1,191,955$1,120,051$1,461,277
47$1,588,522$1,226,315$1,133,527$1,556,417
48$1,725,748$1,261,601$1,146,696$1,659,705
49$1,876,189$1,297,834$1,159,526$1,771,927
50$2,041,169$1,335,037$1,171,979$1,893,951
51$2,222,147$1,373,232$1,184,018$2,026,731
52$2,420,726$1,412,441$1,195,603$2,171,317
53$2,638,676$1,452,687$1,206,692$2,328,865
54$2,877,944$1,493,992$1,217,240$2,500,649
55$3,140,677$1,536,380$1,227,200$2,688,069
56$3,429,238$1,579,874$1,236,522$2,892,670
57$3,746,230$1,624,498$1,245,156$3,116,150
58$4,094,523$1,670,276$1,253,047$3,360,380
59$4,477,277$1,717,232$1,260,136$3,627,422
60$4,897,972$1,765,389$1,266,363$3,919,545
61$5,360,445$1,814,773$1,271,666$4,239,249
62$5,868,920$1,865,407$1,275,977$4,589,287
63$6,428,054$1,917,316$1,279,226$4,972,691
64$7,042,976$1,970,524$1,281,340$5,392,803
65$7,719,336$2,025,056$1,282,242$5,853,301
66$8,463,361$2,080,937$1,281,850$6,358,239
67$9,281,911$2,138,190$1,280,079$6,912,082
68$10,182,545$2,196,841$1,276,841$7,519,749
69$11,173,591$2,256,912$1,272,041$8,186,660
70$12,264,225$2,318,428$1,265,582$8,918,785
71$13,464,558$2,381,413$1,257,361$9,722,701
72$14,785,730$2,445,890$1,247,270$10,605,655
73$16,240,018$2,511,881$1,235,196$11,575,632
74$17,840,946$2,579,409$1,221,022$12,641,427
75$19,603,418$2,648,497$1,204,622$13,812,733
76$21,543,858$2,719,164$1,185,868$15,100,229
77$23,680,361$2,791,433$1,164,624$16,515,682
78$26,032,866$2,865,321$1,140,747$18,072,057
79$28,623,346$2,940,850$1,114,090$19,783,637
80$31,476,012$3,018,035$1,084,496$21,666,165
81$34,617,541$3,096,895$1,051,803$23,736,983
82$38,077,332$3,177,445$1,015,840$26,015,204
83$41,887,779$3,259,699$976,430$28,521,884
84$46,084,579$3,343,670$933,386$31,280,230
85$50,707,065$3,429,370$886,515$34,315,809
86$55,798,584$3,516,807$835,611$37,656,798
87$61,406,899$3,605,990$780,463$41,334,243
88$67,584,643$3,696,924$720,849$45,382,357
89$74,389,816$3,789,612$656,536$49,838,838
90$81,886,329$3,884,055$587,283$54,745,230
91$90,144,613$3,980,252$512,835$60,147,310
92$99,242,276$4,078,198$432,928$66,095,523
93$109,264,844$4,177,884$347,286$72,645,459
94$120,306,558$4,279,301$255,620$79,858,374
95$132,471,274$4,382,433$157,630$87,801,771
96$145,873,433$4,487,263$53,001$96,550,035
97$160,639,152$4,593,766$0$106,185,138
98$176,907,402$4,701,918$0$116,800,540
99$194,831,330$4,811,684$0$128,495,874
100$214,579,698$4,923,030$0$141,378,023