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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$87,534$86,754$85,993$85,251$84,526$81,592
2 years$43,334$42,527$41,744$40,986$40,250$37,325
3 years$28,602$27,792$27,011$26,260$25,537$22,711
4 years$21,238$20,430$19,657$18,919$18,213$15,509
5 years$16,820$16,017$15,255$14,532$13,845$11,271
6 years$13,876$13,079$12,328$11,621$10,955$8,512
7 years$11,774$10,984$10,245$9,554$8,909$6,597
8 years$10,199$9,415$8,688$8,015$7,391$5,207
9 years$8,974$8,198$7,483$6,827$6,225$4,166
10 years$7,994$7,226$6,524$5,885$5,304$3,368
11 years$7,193$6,433$5,744$5,122$4,561$2,744
12 years$6,526$5,774$5,097$4,492$3,953$2,250
13 years$5,963$5,218$4,554$3,966$3,447$1,854
14 years$5,480$4,743$4,092$3,521$3,021$1,534
15 years$5,062$4,333$3,695$3,140$2,660$1,273
16 years$4,696$3,975$3,350$2,811$2,351$1,060
17 years$4,374$3,661$3,048$2,526$2,085$884
18 years$4,088$3,383$2,782$2,276$1,854$738
19 years$3,832$3,135$2,547$2,057$1,652$618
20 years$3,603$2,913$2,338$1,863$1,476$518
21 years$3,395$2,714$2,150$1,691$1,321$434
22 years$3,206$2,533$1,982$1,537$1,184$364
23 years$3,035$2,369$1,830$1,400$1,063$306
24 years$2,877$2,220$1,692$1,277$955$257
25 years$2,733$2,083$1,567$1,166$859$216
26 years$2,600$1,958$1,454$1,066$774$182
27 years$2,477$1,843$1,350$976$698$153
28 years$2,363$1,736$1,255$894$630$129
29 years$2,256$1,638$1,168$820$569$109
30 years$2,158$1,547$1,088$753$514$91
31 years$2,065$1,462$1,014$691$465$77
32 years$1,979$1,384$946$635$420$65
33 years$1,898$1,310$883$584$380$55
34 years$1,822$1,242$825$537$344$46
35 years$1,751$1,178$772$495$312$39
36 years$1,684$1,118$722$456$283$33
37 years$1,620$1,062$676$420$256$28
38 years$1,560$1,009$633$387$232$23
39 years$1,503$960$593$357$211$20
40 years$1,449$913$556$329$191$17
41 years$1,398$869$521$304$173$14
42 years$1,350$828$489$280$157$12
43 years$1,303$789$459$259$143$10
44 years$1,259$752$430$239$130$8
45 years$1,218$717$404$221$118$7
46 years$1,178$684$380$204$107$6
47 years$1,140$653$357$188$97$5
48 years$1,103$623$335$174$88$4
49 years$1,068$595$315$161$80$4
50 years$1,035$568$296$149$73$3

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 $2,677 every year, while hoping to spend $57,792 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: 46/25/29 Blend
42$1,060,000$1,060,000$1,060,000$1,060,000
43$1,170,881$1,114,701$1,098,271$1,214,852
44$1,228,821$1,107,831$1,073,573$1,239,444
45$1,290,734$1,098,688$1,046,111$1,260,334
46$1,356,963$1,087,099$1,015,730$1,281,900
47$1,427,887$1,072,880$982,271$1,304,238
48$1,503,920$1,055,840$945,565$1,327,456
49$1,585,515$1,035,771$905,437$1,351,680
50$1,673,171$1,012,458$861,703$1,377,048
51$1,767,435$985,668$814,170$1,403,722
52$1,868,908$955,160$762,639$1,431,880
53$1,978,248$920,674$706,899$1,461,728
54$2,096,180$881,938$646,731$1,493,495
55$2,223,500$838,663$581,906$1,527,440
56$2,361,082$790,543$512,185$1,563,855
57$2,509,887$737,254$437,318$1,603,067
58$2,670,972$678,456$357,044$1,645,444
59$2,845,497$613,786$271,091$1,691,400
60$3,034,740$542,863$179,175$1,741,395
61$3,240,103$465,284$80,997$1,795,946
62$3,463,132$380,621$0$1,855,633
63$3,705,526$288,425$0$1,928,458
64$3,969,151$188,220$0$2,035,010
65$4,256,065$79,503$0$2,151,110
66$4,568,529$0$0$2,277,764
67$4,909,032$0$0$2,426,611
68$5,280,313$0$0$2,612,872
69$5,685,388$0$0$2,816,202
70$6,127,574$0$0$3,038,282
71$6,610,526$0$0$3,280,960
72$7,138,263$0$0$3,546,274
73$7,715,214$0$0$3,836,466
74$8,346,253$0$0$4,154,005
75$9,036,746$0$0$4,501,608
76$9,792,603$0$0$4,882,269
77$10,620,333$0$0$5,299,285
78$11,527,101$0$0$5,756,286
79$12,520,799$0$0$6,257,270
80$13,610,119$0$0$6,806,640
81$14,804,634$0$0$7,409,247
82$16,114,887$0$0$8,070,432
83$17,552,493$0$0$8,796,079
84$19,130,241$0$0$9,592,670
85$20,862,222$0$0$10,467,344
86$22,763,958$0$0$11,427,965
87$24,852,545$0$0$12,483,198
88$27,146,818$0$0$13,642,587
89$29,667,524$0$0$14,916,645
90$32,437,523$0$0$16,316,957
91$35,481,994$0$0$17,856,283
92$38,828,681$0$0$19,548,682
93$42,508,147$0$0$21,409,645
94$46,554,065$0$0$23,456,236
95$51,003,534$0$0$25,707,258
96$55,897,429$0$0$28,183,427
97$61,280,785$0$0$30,907,567
98$67,203,221$0$0$33,904,826
99$73,719,406$0$0$37,202,913
100$80,889,578$0$0$40,832,358