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%13.6%
1 years$87,534$86,754$85,993$85,251$84,526$83,263
2 years$43,334$42,527$41,744$40,986$40,250$38,981
3 years$28,602$27,792$27,011$26,260$25,537$24,300
4 years$21,238$20,430$19,657$18,919$18,213$17,018
5 years$16,820$16,017$15,255$14,532$13,845$12,697
6 years$13,876$13,079$12,328$11,621$10,955$9,854
7 years$11,774$10,984$10,245$9,554$8,909$7,856
8 years$10,199$9,415$8,688$8,015$7,391$6,385
9 years$8,974$8,198$7,483$6,827$6,225$5,265
10 years$7,994$7,226$6,524$5,885$5,304$4,390
11 years$7,193$6,433$5,744$5,122$4,561$3,693
12 years$6,526$5,774$5,097$4,492$3,953$3,129
13 years$5,963$5,218$4,554$3,966$3,447$2,666
14 years$5,480$4,743$4,092$3,521$3,021$2,283
15 years$5,062$4,333$3,695$3,140$2,660$1,962
16 years$4,696$3,975$3,350$2,811$2,351$1,692
17 years$4,374$3,661$3,048$2,526$2,085$1,463
18 years$4,088$3,383$2,782$2,276$1,854$1,269
19 years$3,832$3,135$2,547$2,057$1,652$1,102
20 years$3,603$2,913$2,338$1,863$1,476$959
21 years$3,395$2,714$2,150$1,691$1,321$836
22 years$3,206$2,533$1,982$1,537$1,184$729
23 years$3,035$2,369$1,830$1,400$1,063$637
24 years$2,877$2,220$1,692$1,277$955$557
25 years$2,733$2,083$1,567$1,166$859$487
26 years$2,600$1,958$1,454$1,066$774$427
27 years$2,477$1,843$1,350$976$698$374
28 years$2,363$1,736$1,255$894$630$328
29 years$2,256$1,638$1,168$820$569$288
30 years$2,158$1,547$1,088$753$514$252
31 years$2,065$1,462$1,014$691$465$222
32 years$1,979$1,384$946$635$420$195
33 years$1,898$1,310$883$584$380$171
34 years$1,822$1,242$825$537$344$150
35 years$1,751$1,178$772$495$312$132
36 years$1,684$1,118$722$456$283$116
37 years$1,620$1,062$676$420$256$102
38 years$1,560$1,009$633$387$232$90
39 years$1,503$960$593$357$211$79
40 years$1,449$913$556$329$191$69
41 years$1,398$869$521$304$173$61
42 years$1,350$828$489$280$157$54
43 years$1,303$789$459$259$143$47
44 years$1,259$752$430$239$130$42
45 years$1,218$717$404$221$118$37
46 years$1,178$684$380$204$107$32
47 years$1,140$653$357$188$97$28
48 years$1,103$623$335$174$88$25
49 years$1,068$595$315$161$80$22
50 years$1,035$568$296$149$73$19

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 $6,598 every year, while hoping to spend $48,276 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: 52/23/25 Blend
42$1,060,000$1,060,000$1,060,000$1,060,000
43$1,174,926$1,118,746$1,102,316$1,227,515
44$1,243,403$1,122,199$1,087,878$1,268,087
45$1,317,247$1,124,204$1,071,339$1,306,730
46$1,396,954$1,124,637$1,052,576$1,347,783
47$1,483,069$1,123,371$1,031,464$1,391,496
48$1,576,193$1,120,266$1,007,868$1,438,143
49$1,676,983$1,115,178$981,651$1,488,031
50$1,786,165$1,107,951$952,665$1,541,501
51$1,904,534$1,098,421$920,760$1,598,930
52$2,032,966$1,086,414$885,775$1,660,737
53$2,172,425$1,071,744$847,545$1,727,386
54$2,323,970$1,054,217$805,895$1,799,393
55$2,488,766$1,033,625$760,644$1,877,328
56$2,668,095$1,009,748$711,601$1,961,824
57$2,863,369$982,353$658,567$2,053,582
58$3,076,138$951,195$601,335$2,153,379
59$3,308,113$916,012$539,689$2,262,074
60$3,561,173$876,528$473,400$2,380,621
61$3,837,387$832,453$402,234$2,510,075
62$4,139,033$783,476$325,941$2,651,601
63$4,468,620$729,272$244,266$2,806,492
64$4,828,908$669,495$156,938$2,976,178
65$5,222,937$603,780$63,675$3,162,239
66$5,654,054$531,742$0$3,366,425
67$6,125,943$452,973$0$3,600,234
68$6,642,663$367,043$0$3,874,990
69$7,208,682$273,496$0$4,176,139
70$7,828,922$171,851$0$4,506,385
71$8,508,802$61,603$0$4,868,711
72$9,254,293$0$0$5,266,408
73$10,071,967$0$0$5,717,731
74$10,969,067$0$0$6,230,107
75$11,953,569$0$0$6,792,514
76$13,034,258$0$0$7,409,985
77$14,220,812$0$0$8,088,064
78$15,523,892$0$0$8,832,859
79$16,955,241$0$0$9,651,096
80$18,527,798$0$0$10,550,189
81$20,255,814$0$0$11,538,301
82$22,154,990$0$0$12,624,428
83$24,242,624$0$0$13,818,481
84$26,537,773$0$0$15,131,378
85$29,061,433$0$0$16,575,148
86$31,836,736$0$0$18,163,043
87$34,889,167$0$0$19,909,667
88$38,246,807$0$0$21,831,108
89$41,940,593$0$0$23,945,090
90$46,004,611$0$0$26,271,147
91$50,476,422$0$0$28,830,796
92$55,397,406$0$0$31,647,749
93$60,813,161$0$0$34,748,132
94$66,773,927$0$0$38,160,732
95$73,335,063$0$0$41,917,268
96$80,557,566$0$0$46,052,691
97$88,508,647$0$0$50,605,513
98$97,262,367$0$0$55,618,170
99$106,900,329$0$0$61,137,421
100$117,512,456$0$0$67,214,791