Can I retire at age 43 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$86,708$85,936$85,182$84,447$83,728$82,072
2 years$42,925$42,125$41,351$40,599$39,871$38,208
3 years$28,332$27,529$26,757$26,012$25,296$23,680
4 years$21,037$20,237$19,472$18,740$18,041$16,484
5 years$16,662$15,866$15,111$14,394$13,715$12,221
6 years$13,745$12,956$12,212$11,511$10,852$9,423
7 years$11,663$10,880$10,148$9,464$8,825$7,462
8 years$10,102$9,326$8,606$7,939$7,322$6,023
9 years$8,889$8,120$7,413$6,762$6,166$4,931
10 years$7,919$7,158$6,463$5,829$5,254$4,082
11 years$7,125$6,372$5,690$5,073$4,518$3,408
12 years$6,465$5,719$5,049$4,450$3,915$2,865
13 years$5,906$5,168$4,511$3,929$3,414$2,422
14 years$5,428$4,698$4,053$3,487$2,993$2,057
15 years$5,014$4,292$3,660$3,110$2,635$1,753
16 years$4,652$3,938$3,318$2,785$2,329$1,499
17 years$4,333$3,626$3,019$2,502$2,065$1,286
18 years$4,049$3,351$2,756$2,255$1,836$1,105
19 years$3,796$3,106$2,523$2,037$1,637$951
20 years$3,569$2,886$2,316$1,845$1,462$820
21 years$3,363$2,688$2,130$1,675$1,308$708
22 years$3,176$2,509$1,963$1,523$1,173$612
23 years$3,006$2,347$1,813$1,387$1,053$530
24 years$2,850$2,199$1,676$1,265$946$459
25 years$2,707$2,063$1,553$1,155$851$398
26 years$2,575$1,939$1,440$1,056$767$345
27 years$2,453$1,825$1,337$967$691$300
28 years$2,340$1,720$1,243$886$624$260
29 years$2,235$1,622$1,157$812$563$226
30 years$2,137$1,532$1,077$745$509$196
31 years$2,046$1,448$1,004$685$460$171
32 years$1,961$1,371$937$629$416$148
33 years$1,880$1,298$875$579$377$129
34 years$1,805$1,230$818$532$341$112
35 years$1,734$1,167$764$490$309$98
36 years$1,668$1,107$715$451$280$85
37 years$1,605$1,052$669$416$254$74
38 years$1,545$1,000$627$383$230$64
39 years$1,489$951$587$353$209$56
40 years$1,436$904$550$326$189$49
41 years$1,385$861$516$301$172$42
42 years$1,337$820$484$278$156$37
43 years$1,291$781$454$256$141$32
44 years$1,248$745$426$237$128$28
45 years$1,206$710$400$218$116$24
46 years$1,167$677$376$202$106$21
47 years$1,129$646$353$186$96$19
48 years$1,093$617$332$172$87$16
49 years$1,058$589$312$159$79$14
50 years$1,025$563$293$147$72$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,050,000, adding $4,819 every year, while hoping to spend $21,627 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: 30/41/29 Blend
42$1,050,000$1,050,000$1,050,000$1,050,000
43$1,162,071$1,106,421$1,090,146$1,186,474
44$1,257,591$1,137,624$1,103,655$1,237,212
45$1,362,130$1,169,632$1,116,891$1,289,550
46$1,476,583$1,202,461$1,129,824$1,345,429
47$1,601,940$1,236,127$1,142,418$1,405,172
48$1,739,288$1,270,647$1,154,639$1,469,137
49$1,889,824$1,306,037$1,166,448$1,537,715
50$2,054,869$1,342,316$1,177,807$1,611,337
51$2,235,875$1,379,499$1,188,673$1,690,479
52$2,434,444$1,417,604$1,199,003$1,775,665
53$2,652,337$1,456,646$1,208,750$1,867,470
54$2,891,497$1,496,644$1,217,865$1,966,528
55$3,154,063$1,537,613$1,226,297$2,073,540
56$3,442,392$1,579,570$1,233,992$2,189,274
57$3,759,078$1,622,531$1,240,892$2,314,580
58$4,106,982$1,666,513$1,246,940$2,450,391
59$4,489,252$1,711,530$1,252,071$2,597,736
60$4,909,360$1,757,599$1,256,219$2,757,751
61$5,371,129$1,804,735$1,259,317$2,931,685
62$5,878,769$1,852,953$1,261,289$3,120,914
63$6,436,923$1,902,267$1,262,061$3,326,957
64$7,050,701$1,952,690$1,261,553$3,551,485
65$7,725,737$2,004,236$1,259,679$3,796,341
66$8,468,236$2,056,918$1,256,353$4,063,557
67$9,285,037$2,110,747$1,251,481$4,355,369
68$10,183,671$2,165,735$1,244,966$4,674,244
69$11,172,441$2,221,891$1,236,707$5,022,900
70$12,260,491$2,279,225$1,226,598$5,404,333
71$13,457,899$2,337,744$1,214,527$5,821,845
72$14,775,767$2,397,457$1,200,377$6,279,074
73$16,226,331$2,458,368$1,184,025$6,780,031
74$17,823,071$2,520,482$1,165,344$7,329,137
75$19,580,840$2,583,801$1,144,199$7,931,262
76$21,516,006$2,648,328$1,120,450$8,591,777
77$23,646,604$2,714,061$1,093,949$9,316,599
78$25,992,505$2,780,997$1,064,544$10,112,251
79$28,575,607$2,849,133$1,032,074$10,985,923
80$31,420,040$2,918,461$996,369$11,945,538
81$34,552,391$2,988,973$957,254$12,999,830
82$38,001,958$3,060,656$914,545$14,158,425
83$41,801,026$3,133,496$868,051$15,431,931
84$45,985,169$3,207,476$817,569$16,832,044
85$50,593,588$3,282,574$762,889$18,371,649
86$55,669,481$3,358,767$703,793$20,064,953
87$61,260,449$3,436,027$640,051$21,927,613
88$67,418,944$3,514,322$571,422$23,976,882
89$74,202,769$3,593,617$497,657$26,231,782
90$81,675,618$3,673,870$418,495$28,713,272
91$89,907,678$3,755,037$333,662$31,444,457
92$98,976,294$3,837,067$242,873$34,450,799
93$108,966,698$3,919,905$145,831$37,760,363
94$119,972,809$4,003,489$42,224$41,404,080
95$132,098,127$4,087,750$0$45,416,040
96$145,456,701$4,172,616$0$49,854,961
97$160,174,215$4,258,004$0$54,756,425
98$176,389,163$4,343,825$0$60,153,101
99$194,254,168$4,429,982$0$66,095,401
100$213,937,412$4,516,370$0$72,638,881