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%19.9%
1 years$86,708$85,936$85,182$84,447$83,728$80,406
2 years$42,925$42,125$41,351$40,599$39,871$36,565
3 years$28,332$27,529$26,757$26,012$25,296$22,110
4 years$21,037$20,237$19,472$18,740$18,041$15,000
5 years$16,662$15,866$15,111$14,394$13,715$10,826
6 years$13,745$12,956$12,212$11,511$10,852$8,118
7 years$11,663$10,880$10,148$9,464$8,825$6,245
8 years$10,102$9,326$8,606$7,939$7,322$4,891
9 years$8,889$8,120$7,413$6,762$6,166$3,883
10 years$7,919$7,158$6,463$5,829$5,254$3,113
11 years$7,125$6,372$5,690$5,073$4,518$2,515
12 years$6,465$5,719$5,049$4,450$3,915$2,044
13 years$5,906$5,168$4,511$3,929$3,414$1,670
14 years$5,428$4,698$4,053$3,487$2,993$1,369
15 years$5,014$4,292$3,660$3,110$2,635$1,126
16 years$4,652$3,938$3,318$2,785$2,329$928
17 years$4,333$3,626$3,019$2,502$2,065$767
18 years$4,049$3,351$2,756$2,255$1,836$634
19 years$3,796$3,106$2,523$2,037$1,637$526
20 years$3,569$2,886$2,316$1,845$1,462$436
21 years$3,363$2,688$2,130$1,675$1,308$362
22 years$3,176$2,509$1,963$1,523$1,173$301
23 years$3,006$2,347$1,813$1,387$1,053$250
24 years$2,850$2,199$1,676$1,265$946$208
25 years$2,707$2,063$1,553$1,155$851$173
26 years$2,575$1,939$1,440$1,056$767$144
27 years$2,453$1,825$1,337$967$691$120
28 years$2,340$1,720$1,243$886$624$100
29 years$2,235$1,622$1,157$812$563$83
30 years$2,137$1,532$1,077$745$509$69
31 years$2,046$1,448$1,004$685$460$58
32 years$1,961$1,371$937$629$416$48
33 years$1,880$1,298$875$579$377$40
34 years$1,805$1,230$818$532$341$34
35 years$1,734$1,167$764$490$309$28
36 years$1,668$1,107$715$451$280$23
37 years$1,605$1,052$669$416$254$19
38 years$1,545$1,000$627$383$230$16
39 years$1,489$951$587$353$209$14
40 years$1,436$904$550$326$189$11
41 years$1,385$861$516$301$172$9
42 years$1,337$820$484$278$156$8
43 years$1,291$781$454$256$141$7
44 years$1,248$745$426$237$128$5
45 years$1,206$710$400$218$116$5
46 years$1,167$677$376$202$106$4
47 years$1,129$646$353$186$96$3
48 years$1,093$617$332$172$87$3
49 years$1,058$589$312$159$79$2
50 years$1,025$563$293$147$72$2

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 $6,282 every year, while hoping to spend $24,292 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: 46/37/17 Blend
42$1,050,000$1,050,000$1,050,000$1,050,000
43$1,163,580$1,107,930$1,091,655$1,211,203
44$1,256,419$1,136,372$1,102,379$1,273,475
45$1,357,913$1,165,394$1,112,648$1,338,050
46$1,468,919$1,194,997$1,122,421$1,407,588
47$1,590,382$1,225,185$1,131,655$1,482,561
48$1,723,341$1,255,959$1,140,306$1,563,487
49$1,868,940$1,287,319$1,148,324$1,650,940
50$2,028,439$1,319,265$1,155,660$1,745,549
51$2,203,226$1,351,796$1,162,261$1,848,007
52$2,394,830$1,384,909$1,168,072$1,959,080
53$2,604,934$1,418,601$1,173,034$2,079,608
54$2,835,393$1,452,868$1,177,086$2,210,520
55$3,088,248$1,487,703$1,180,163$2,352,838
56$3,365,749$1,523,101$1,182,199$2,507,686
57$3,670,375$1,559,051$1,183,121$2,676,306
58$4,004,853$1,595,545$1,182,856$2,860,063
59$4,372,191$1,632,570$1,181,325$3,060,465
60$4,775,702$1,670,113$1,178,446$3,279,170
61$5,219,033$1,708,158$1,174,134$3,518,007
62$5,706,204$1,746,688$1,168,297$3,778,991
63$6,241,645$1,785,683$1,160,843$4,064,342
64$6,830,232$1,825,121$1,151,670$4,376,508
65$7,477,342$1,864,978$1,140,677$4,718,186
66$8,188,895$1,905,226$1,127,754$5,092,348
67$8,971,415$1,945,835$1,112,787$5,502,270
68$9,832,092$1,986,773$1,095,658$5,951,561
69$10,778,843$2,028,003$1,076,240$6,444,200
70$11,820,395$2,069,486$1,054,405$6,984,573
71$12,966,362$2,111,177$1,030,014$7,577,512
72$14,227,337$2,153,030$1,002,925$8,228,344
73$15,614,991$2,194,995$972,989$8,942,938
74$17,142,184$2,237,013$940,048$9,727,766
75$18,823,087$2,279,027$903,939$10,589,958
76$20,673,312$2,320,970$864,492$11,537,373
77$22,710,064$2,362,771$821,526$12,578,674
78$24,952,298$2,404,355$774,855$13,723,408
79$27,420,904$2,445,640$724,284$14,982,098
80$30,138,897$2,486,537$669,608$16,366,340
81$33,131,638$2,526,951$610,614$17,888,918
82$36,427,074$2,566,780$547,079$19,563,918
83$40,055,999$2,605,916$478,769$21,406,868
84$44,052,345$2,644,240$405,442$23,434,880
85$48,453,504$2,681,627$326,844$25,666,816
86$53,300,677$2,717,942$242,709$28,123,463
87$58,639,266$2,753,042$152,760$30,827,733
88$64,519,302$2,786,772$56,708$33,804,875
89$70,995,915$2,818,968$0$37,082,720
90$78,129,855$2,849,454$0$40,700,248
91$85,988,067$2,878,043$0$44,694,473
92$94,644,318$2,904,536$0$49,092,415
93$104,179,899$2,928,719$0$53,935,199
94$114,684,388$2,950,366$0$59,268,146
95$126,256,497$2,969,234$0$65,141,200
96$139,005,000$2,985,068$0$71,609,402
97$153,049,768$2,997,594$0$78,733,408
98$168,522,888$3,006,520$0$86,580,064
99$185,569,921$3,011,538$0$95,223,038
100$204,351,269$3,012,319$0$104,743,512