Can I retire at age 43 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$87,534$86,754$85,993$85,251$84,526$82,483
2 years$43,334$42,527$41,744$40,986$40,250$38,204
3 years$28,602$27,792$27,011$26,260$25,537$23,551
4 years$21,238$20,430$19,657$18,919$18,213$16,304
5 years$16,820$16,017$15,255$14,532$13,845$12,017
6 years$13,876$13,079$12,328$11,621$10,955$9,211
7 years$11,774$10,984$10,245$9,554$8,909$7,249
8 years$10,199$9,415$8,688$8,015$7,391$5,814
9 years$8,974$8,198$7,483$6,827$6,225$4,728
10 years$7,994$7,226$6,524$5,885$5,304$3,888
11 years$7,193$6,433$5,744$5,122$4,561$3,223
12 years$6,526$5,774$5,097$4,492$3,953$2,690
13 years$5,963$5,218$4,554$3,966$3,447$2,258
14 years$5,480$4,743$4,092$3,521$3,021$1,903
15 years$5,062$4,333$3,695$3,140$2,660$1,610
16 years$4,696$3,975$3,350$2,811$2,351$1,366
17 years$4,374$3,661$3,048$2,526$2,085$1,162
18 years$4,088$3,383$2,782$2,276$1,854$991
19 years$3,832$3,135$2,547$2,057$1,652$846
20 years$3,603$2,913$2,338$1,863$1,476$723
21 years$3,395$2,714$2,150$1,691$1,321$620
22 years$3,206$2,533$1,982$1,537$1,184$531
23 years$3,035$2,369$1,830$1,400$1,063$456
24 years$2,877$2,220$1,692$1,277$955$391
25 years$2,733$2,083$1,567$1,166$859$336
26 years$2,600$1,958$1,454$1,066$774$289
27 years$2,477$1,843$1,350$976$698$249
28 years$2,363$1,736$1,255$894$630$214
29 years$2,256$1,638$1,168$820$569$184
30 years$2,158$1,547$1,088$753$514$159
31 years$2,065$1,462$1,014$691$465$137
32 years$1,979$1,384$946$635$420$118
33 years$1,898$1,310$883$584$380$101
34 years$1,822$1,242$825$537$344$87
35 years$1,751$1,178$772$495$312$75
36 years$1,684$1,118$722$456$283$65
37 years$1,620$1,062$676$420$256$56
38 years$1,560$1,009$633$387$232$48
39 years$1,503$960$593$357$211$42
40 years$1,449$913$556$329$191$36
41 years$1,398$869$521$304$173$31
42 years$1,350$828$489$280$157$27
43 years$1,303$789$459$259$143$23
44 years$1,259$752$430$239$130$20
45 years$1,218$717$404$221$118$17
46 years$1,178$684$380$204$107$15
47 years$1,140$653$357$188$97$13
48 years$1,103$623$335$174$88$11
49 years$1,068$595$315$161$80$10
50 years$1,035$568$296$149$73$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,060,000, adding $3,330 every year, while hoping to spend $48,603 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: 28/44/28 Blend
42$1,060,000$1,060,000$1,060,000$1,060,000
43$1,171,555$1,115,375$1,098,945$1,194,116
44$1,239,340$1,118,315$1,084,046$1,215,359
45$1,312,411$1,119,770$1,067,020$1,233,747
46$1,391,254$1,119,617$1,047,742$1,252,525
47$1,476,407$1,117,722$1,026,086$1,271,762
48$1,568,457$1,113,947$1,001,917$1,291,534
49$1,668,051$1,108,143$975,093$1,311,934
50$1,775,903$1,100,152$945,469$1,333,065
51$1,892,793$1,089,808$912,890$1,355,047
52$2,019,582$1,076,932$877,196$1,378,018
53$2,157,216$1,061,338$838,219$1,402,133
54$2,306,735$1,042,827$795,782$1,427,573
55$2,469,284$1,021,187$749,702$1,454,538
56$2,646,121$996,196$699,788$1,483,260
57$2,838,632$967,616$645,838$1,513,999
58$3,048,342$935,199$587,643$1,547,049
59$3,276,927$898,678$524,983$1,582,742
60$3,526,235$857,774$457,631$1,621,452
61$3,798,296$812,190$385,346$1,663,601
62$4,095,347$761,612$307,880$1,709,662
63$4,419,850$705,709$224,973$1,760,166
64$4,774,517$644,131$136,351$1,815,709
65$5,162,331$576,506$41,732$1,876,959
66$5,586,577$502,444$0$1,944,664
67$6,050,873$421,529$0$2,037,358
68$6,559,204$333,325$0$2,152,733
69$7,115,955$237,370$0$2,279,447
70$7,725,957$133,177$0$2,418,765
71$8,394,532$20,229$0$2,572,089
72$9,127,537$0$0$2,740,977
73$9,931,427$0$0$2,976,546
74$10,813,310$0$0$3,245,891
75$11,781,014$0$0$3,541,630
76$12,843,164$0$0$3,866,421
77$14,009,258$0$0$4,223,193
78$15,289,761$0$0$4,615,170
79$16,696,199$0$0$5,045,908
80$18,241,271$0$0$5,519,320
81$19,938,965$0$0$6,039,721
82$21,804,692$0$0$6,611,861
83$23,855,429$0$0$7,240,976
84$26,109,882$0$0$7,932,835
85$28,588,656$0$0$8,693,791
86$31,314,456$0$0$9,530,847
87$34,312,294$0$0$10,451,716
88$37,609,731$0$0$11,464,899
89$41,237,130$0$0$12,579,761
90$45,227,947$0$0$13,806,619
91$49,619,042$0$0$15,156,845
92$54,451,032$0$0$16,642,965
93$59,768,667$0$0$18,278,784
94$65,621,254$0$0$20,079,510
95$72,063,125$0$0$22,061,903
96$79,154,145$0$0$24,244,430
97$86,960,277$0$0$26,647,440
98$95,554,206$0$0$29,293,355
99$105,016,021$0$0$32,206,880
100$115,433,972$0$0$35,415,242