Can I retire at age 43 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$89,185$88,391$87,616$86,859$86,121$84,210
2 years$44,151$43,329$42,532$41,759$41,010$39,095
3 years$29,142$28,316$27,521$26,756$26,018$24,159
4 years$21,638$20,815$20,028$19,276$18,557$16,766
5 years$17,138$16,319$15,543$14,806$14,106$12,391
6 years$14,138$13,326$12,561$11,840$11,162$9,523
7 years$11,997$11,191$10,438$9,735$9,078$7,516
8 years$10,391$9,593$8,852$8,166$7,531$6,045
9 years$9,143$8,352$7,625$6,956$6,342$4,932
10 years$8,145$7,362$6,647$5,996$5,404$4,067
11 years$7,329$6,554$5,852$5,218$4,647$3,383
12 years$6,650$5,883$5,194$4,577$4,027$2,833
13 years$6,075$5,316$4,640$4,041$3,512$2,385
14 years$5,583$4,832$4,169$3,587$3,078$2,017
15 years$5,157$4,414$3,764$3,199$2,711$1,713
16 years$4,785$4,050$3,413$2,864$2,396$1,458
17 years$4,457$3,730$3,106$2,574$2,124$1,245
18 years$4,165$3,447$2,835$2,319$1,889$1,065
19 years$3,905$3,194$2,595$2,096$1,683$913
20 years$3,671$2,968$2,382$1,898$1,504$784
21 years$3,459$2,765$2,191$1,723$1,346$674
22 years$3,267$2,581$2,019$1,566$1,206$580
23 years$3,092$2,414$1,864$1,426$1,083$500
24 years$2,932$2,262$1,724$1,301$973$431
25 years$2,784$2,122$1,597$1,188$876$372
26 years$2,649$1,995$1,481$1,086$789$321
27 years$2,523$1,877$1,375$994$711$277
28 years$2,407$1,769$1,279$911$642$239
29 years$2,299$1,669$1,190$835$579$207
30 years$2,198$1,576$1,108$767$524$179
31 years$2,104$1,490$1,033$704$473$155
32 years$2,017$1,410$964$647$428$134
33 years$1,934$1,335$900$595$387$116
34 years$1,857$1,265$841$548$351$100
35 years$1,784$1,200$786$504$318$87
36 years$1,715$1,139$736$464$288$75
37 years$1,651$1,082$688$428$261$65
38 years$1,589$1,028$645$394$237$56
39 years$1,531$978$604$364$215$49
40 years$1,477$930$566$335$195$42
41 years$1,424$885$531$309$177$37
42 years$1,375$843$498$285$160$32
43 years$1,328$803$467$264$145$27
44 years$1,283$766$439$243$132$24
45 years$1,241$730$412$225$120$21
46 years$1,200$697$387$208$109$18
47 years$1,161$665$363$192$99$15
48 years$1,124$635$341$177$90$13
49 years$1,088$606$321$164$81$12
50 years$1,054$579$302$151$74$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,080,000, adding $3,016 every year, while hoping to spend $49,890 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: 55/34/11 Blend
42$1,080,000$1,080,000$1,080,000$1,080,000
43$1,193,271$1,136,031$1,119,291$1,255,427
44$1,261,902$1,138,614$1,103,705$1,300,469
45$1,335,861$1,139,651$1,085,924$1,343,773
46$1,415,640$1,139,015$1,065,823$1,389,746
47$1,501,777$1,136,568$1,043,270$1,438,653
48$1,594,864$1,132,166$1,018,125$1,490,785
49$1,695,554$1,125,656$990,246$1,546,466
50$1,804,561$1,116,874$959,480$1,606,055
51$1,922,673$1,105,647$925,669$1,669,948
52$2,050,754$1,091,793$888,648$1,738,588
53$2,189,758$1,075,117$848,244$1,812,460
54$2,340,729$1,055,413$804,276$1,892,107
55$2,504,818$1,032,464$756,555$1,978,126
56$2,683,294$1,006,039$704,883$2,071,180
57$2,877,547$975,892$649,055$2,172,004
58$3,089,112$941,766$588,853$2,281,409
59$3,319,676$903,387$524,054$2,400,296
60$3,571,094$860,464$454,421$2,529,659
61$3,845,411$812,692$379,709$2,670,600
62$4,144,875$759,746$299,661$2,824,338
63$4,471,962$701,283$214,010$2,992,220
64$4,829,397$636,941$122,475$3,175,738
65$5,220,182$566,338$24,764$3,376,541
66$5,647,620$489,068$0$3,596,452
67$6,115,348$404,703$0$3,846,820
68$6,627,373$312,792$0$4,124,250
69$7,188,104$212,858$0$4,428,335
70$7,802,398$104,396$0$4,761,840
71$8,475,606$0$0$5,127,817
72$9,213,618$0$0$5,534,545
73$10,022,922$0$0$6,023,495
74$10,910,665$0$0$6,559,937
75$11,884,718$0$0$7,148,641
76$12,953,751$0$0$7,794,859
77$14,127,315$0$0$8,504,379
78$15,415,929$0$0$9,283,575
79$16,831,182$0$0$10,139,469
80$18,385,839$0$0$11,079,797
81$20,093,965$0$0$12,113,080
82$21,971,052$0$0$13,248,708
83$24,034,168$0$0$14,497,022
84$26,302,117$0$0$15,869,418
85$28,795,616$0$0$17,378,451
86$31,537,488$0$0$19,037,950
87$34,552,879$0$0$20,863,156
88$37,869,496$0$0$22,870,858
89$41,517,862$0$0$25,079,555
90$45,531,610$0$0$27,509,628
91$49,947,797$0$0$30,183,536
92$54,807,252$0$0$33,126,022
93$60,154,962$0$0$36,364,351
94$66,040,495$0$0$39,928,562
95$72,518,470$0$0$43,851,757
96$79,649,065$0$0$48,170,407
97$87,498,594$0$0$52,924,703
98$96,140,121$0$0$58,158,924
99$105,654,160$0$0$63,921,868
100$116,129,425$0$0$70,267,300