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%14.1%
1 years$85,882$85,117$84,371$83,642$82,931$81,524
2 years$42,516$41,724$40,957$40,213$39,491$38,077
3 years$28,062$27,267$26,502$25,765$25,055$23,679
4 years$20,837$20,044$19,286$18,562$17,869$16,542
5 years$16,503$15,715$14,967$14,257$13,584$12,309
6 years$13,615$12,832$12,096$11,402$10,748$9,527
7 years$11,552$10,777$10,052$9,374$8,741$7,574
8 years$10,006$9,238$8,524$7,864$7,252$6,138
9 years$8,804$8,043$7,342$6,698$6,107$5,047
10 years$7,843$7,089$6,401$5,774$5,204$4,195
11 years$7,058$6,311$5,635$5,025$4,475$3,518
12 years$6,403$5,665$5,001$4,408$3,878$2,971
13 years$5,850$5,119$4,468$3,891$3,382$2,523
14 years$5,376$4,653$4,015$3,454$2,964$2,153
15 years$4,966$4,251$3,625$3,081$2,610$1,844
16 years$4,608$3,900$3,286$2,758$2,307$1,585
17 years$4,292$3,592$2,991$2,478$2,045$1,366
18 years$4,011$3,319$2,730$2,233$1,819$1,180
19 years$3,760$3,076$2,499$2,018$1,621$1,021
20 years$3,535$2,858$2,294$1,828$1,448$885
21 years$3,331$2,662$2,110$1,659$1,296$768
22 years$3,146$2,485$1,944$1,508$1,161$668
23 years$2,977$2,324$1,795$1,374$1,043$581
24 years$2,823$2,178$1,660$1,253$937$506
25 years$2,681$2,044$1,538$1,144$843$441
26 years$2,551$1,921$1,426$1,046$760$385
27 years$2,430$1,808$1,324$958$685$336
28 years$2,318$1,703$1,231$877$618$293
29 years$2,214$1,607$1,146$805$558$256
30 years$2,117$1,518$1,067$738$504$224
31 years$2,027$1,435$995$678$456$196
32 years$1,942$1,357$928$623$412$171
33 years$1,862$1,286$867$573$373$150
34 years$1,788$1,218$810$527$338$131
35 years$1,718$1,156$757$485$306$115
36 years$1,652$1,097$708$447$277$100
37 years$1,589$1,042$663$412$251$88
38 years$1,530$990$621$380$228$77
39 years$1,475$941$582$350$207$67
40 years$1,422$896$545$323$187$59
41 years$1,372$853$511$298$170$52
42 years$1,324$812$480$275$154$45
43 years$1,279$774$450$254$140$40
44 years$1,236$738$422$234$127$35
45 years$1,195$703$397$216$115$30
46 years$1,155$671$372$200$105$27
47 years$1,118$640$350$185$95$23
48 years$1,082$611$329$171$86$20
49 years$1,048$584$309$158$78$18
50 years$1,015$558$291$146$71$16

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 $5,141 every year, while hoping to spend $35,484 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: 58/23/19 Blend
42$1,040,000$1,040,000$1,040,000$1,040,000
43$1,151,383$1,096,263$1,080,143$1,212,108
44$1,231,069$1,112,225$1,078,573$1,269,890
45$1,317,694$1,127,780$1,075,761$1,328,550
46$1,411,929$1,142,871$1,071,629$1,391,704
47$1,514,509$1,157,435$1,066,092$1,459,793
48$1,626,248$1,171,408$1,059,065$1,533,304
49$1,748,037$1,184,720$1,050,456$1,612,771
50$1,880,861$1,197,294$1,040,170$1,698,787
51$2,025,800$1,209,053$1,028,106$1,792,005
52$2,184,045$1,219,910$1,014,161$1,893,143
53$2,356,906$1,229,775$998,225$2,002,997
54$2,545,828$1,238,551$980,183$2,122,444
55$2,752,398$1,246,135$959,914$2,252,449
56$2,978,365$1,252,418$937,294$2,394,081
57$3,225,655$1,257,284$912,190$2,548,516
58$3,496,389$1,260,608$884,466$2,717,053
59$3,792,902$1,262,259$853,977$2,901,124
60$4,117,766$1,262,097$820,572$3,102,311
61$4,473,812$1,259,974$784,096$3,322,357
62$4,864,160$1,255,732$744,382$3,563,185
63$5,292,245$1,249,204$701,260$3,826,916
64$5,761,851$1,240,212$654,549$4,115,892
65$6,277,145$1,228,568$604,062$4,432,695
66$6,842,719$1,214,072$549,603$4,780,170
67$7,463,628$1,196,514$490,966$5,161,461
68$8,145,442$1,175,667$427,938$5,580,030
69$8,894,299$1,151,296$360,295$6,039,698
70$9,716,956$1,123,149$287,804$6,544,680
71$10,620,861$1,090,958$210,220$7,099,623
72$11,614,216$1,054,442$127,290$7,709,652
73$12,706,059$1,013,304$38,748$8,380,421
74$13,906,348$967,225$0$9,118,161
75$15,226,050$915,874$0$9,941,048
76$16,677,251$858,896$0$10,854,478
77$18,273,266$795,917$0$11,859,009
78$20,028,765$726,543$0$12,963,920
79$21,959,911$650,356$0$14,179,442
80$24,084,513$566,915$0$15,516,849
81$26,422,192$475,752$0$16,988,571
82$28,994,568$376,376$0$18,608,306
83$31,825,461$268,266$0$20,391,154
84$34,941,119$150,872$0$22,353,758
85$38,370,462$23,614$0$24,514,462
86$42,145,357$0$0$26,893,485
87$46,300,916$0$0$29,541,997
88$50,875,829$0$0$32,464,469
89$55,912,727$0$0$35,682,174
90$61,458,588$0$0$39,225,134
91$67,565,174$0$0$43,126,432
92$74,289,522$0$0$47,422,523
93$81,694,484$0$0$52,153,577
94$89,849,317$0$0$57,363,858
95$98,830,335$0$0$63,102,142
96$108,721,633$0$0$69,422,177
97$119,615,877$0$0$76,383,190
98$131,615,181$0$0$84,050,444
99$144,832,065$0$0$92,495,857
100$159,390,524$0$0$101,798,679