Can I retire at age 43 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$110,656$109,670$108,709$107,770$106,853$102,776
2 years$54,780$53,760$52,771$51,813$50,883$46,823
3 years$36,157$35,133$34,146$33,197$32,282$28,368
4 years$26,848$25,826$24,850$23,916$23,024$19,284
5 years$21,263$20,248$19,285$18,370$17,502$13,948
6 years$17,542$16,534$15,585$14,691$13,849$10,481
7 years$14,885$13,885$12,951$12,078$11,263$8,081
8 years$12,893$11,902$10,983$10,132$9,344$6,345
9 years$11,344$10,363$9,460$8,630$7,869$5,049
10 years$10,106$9,135$8,248$7,439$6,705$4,058
11 years$9,093$8,132$7,261$6,474$5,766$3,287
12 years$8,250$7,299$6,444$5,679$4,997$2,679
13 years$7,538$6,596$5,757$5,014$4,357$2,194
14 years$6,927$5,996$5,173$4,451$3,820$1,804
15 years$6,399$5,477$4,670$3,969$3,363$1,488
16 years$5,937$5,025$4,234$3,554$2,972$1,230
17 years$5,529$4,628$3,853$3,193$2,635$1,019
18 years$5,168$4,276$3,517$2,878$2,343$846
19 years$4,845$3,963$3,220$2,600$2,089$703
20 years$4,554$3,683$2,955$2,355$1,866$585
21 years$4,292$3,430$2,718$2,137$1,670$487
22 years$4,053$3,202$2,505$1,943$1,496$406
23 years$3,836$2,995$2,313$1,770$1,343$339
24 years$3,637$2,806$2,139$1,614$1,207$283
25 years$3,455$2,633$1,981$1,474$1,086$236
26 years$3,286$2,475$1,838$1,348$979$197
27 years$3,131$2,329$1,706$1,234$882$165
28 years$2,987$2,195$1,586$1,130$796$138
29 years$2,853$2,071$1,476$1,037$719$115
30 years$2,728$1,955$1,375$951$650$96
31 years$2,611$1,849$1,282$874$587$80
32 years$2,502$1,749$1,196$803$531$67
33 years$2,400$1,656$1,117$738$481$56
34 years$2,304$1,570$1,043$679$435$47
35 years$2,213$1,489$976$625$394$39
36 years$2,128$1,413$913$576$357$33
37 years$2,048$1,342$854$531$324$28
38 years$1,972$1,276$800$489$294$23
39 years$1,900$1,213$749$451$266$19
40 years$1,832$1,154$702$416$241$16
41 years$1,767$1,099$659$384$219$13
42 years$1,706$1,046$618$354$199$11
43 years$1,648$997$580$327$180$9
44 years$1,592$950$544$302$164$8
45 years$1,539$906$511$279$149$7
46 years$1,489$864$480$258$135$6
47 years$1,441$825$451$238$123$5
48 years$1,394$788$424$220$111$4
49 years$1,350$752$398$203$101$3
50 years$1,308$718$374$188$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,340,000, adding $2,372 every year, while hoping to spend $32,852 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: 50/36/14 Blend
42$1,340,000$1,340,000$1,340,000$1,340,000
43$1,479,127$1,408,107$1,387,337$1,547,311
44$1,595,043$1,442,150$1,398,858$1,628,446
45$1,721,682$1,476,760$1,409,665$1,712,939
46$1,860,103$1,511,930$1,419,697$1,804,025
47$2,011,471$1,547,652$1,428,895$1,902,336
48$2,177,070$1,583,916$1,437,192$2,008,564
49$2,358,314$1,620,710$1,444,520$2,123,476
50$2,556,758$1,658,022$1,450,808$2,247,914
51$2,774,118$1,695,835$1,455,981$2,382,805
52$3,012,281$1,734,134$1,459,959$2,529,171
53$3,273,325$1,772,897$1,462,658$2,688,139
54$3,559,539$1,812,105$1,463,993$2,860,950
55$3,873,447$1,851,733$1,463,871$3,048,970
56$4,217,824$1,891,753$1,462,197$3,253,707
57$4,595,730$1,932,137$1,458,868$3,476,819
58$5,010,535$1,972,852$1,453,781$3,720,137
59$5,465,950$2,013,863$1,446,823$3,985,676
60$5,966,064$2,055,129$1,437,879$4,275,657
61$6,515,382$2,096,609$1,426,827$4,592,529
62$7,118,864$2,138,256$1,413,539$4,938,990
63$7,781,977$2,180,020$1,397,881$5,318,012
64$8,510,743$2,221,845$1,379,715$5,732,874
65$9,311,796$2,263,673$1,358,892$6,187,187
66$10,192,444$2,305,438$1,335,260$6,684,932
67$11,160,740$2,347,071$1,308,658$7,230,496
68$12,225,555$2,388,497$1,278,917$7,828,715
69$13,396,664$2,429,635$1,245,863$8,484,919
70$14,684,834$2,470,398$1,209,310$9,204,981
71$16,101,932$2,510,693$1,169,067$9,995,377
72$17,661,031$2,550,418$1,124,932$10,863,242
73$19,376,533$2,589,466$1,076,695$11,816,443
74$21,264,310$2,627,720$1,024,135$12,863,648
75$23,341,849$2,665,057$967,022$14,014,413
76$25,628,416$2,701,344$905,117$15,279,270
77$28,145,244$2,736,439$838,167$16,669,825
78$30,915,723$2,770,189$765,910$18,198,875
79$33,965,631$2,802,432$688,072$19,880,520
80$37,323,369$2,832,995$604,366$21,730,303
81$41,020,234$2,861,693$514,494$23,765,356
82$45,090,710$2,888,329$418,141$26,004,560
83$49,572,797$2,912,691$314,983$28,468,726
84$54,508,366$2,934,556$204,679$31,180,793
85$59,943,556$2,953,686$86,872$34,166,040
86$65,929,208$2,969,827$0$37,452,333
87$72,521,346$2,982,707$0$41,076,186
88$79,781,705$2,992,041$0$45,079,870
89$87,778,310$2,997,522$0$49,487,762
90$96,586,123$2,998,826$0$54,341,042
91$106,287,747$2,995,609$0$59,685,095
92$116,974,208$2,987,504$0$65,569,936
93$128,745,808$2,974,122$0$72,050,687
94$141,713,078$2,955,053$0$79,188,092
95$155,997,819$2,929,857$0$87,049,099
96$171,734,249$2,898,072$0$95,707,486
97$189,070,271$2,859,207$0$105,244,563
98$208,168,870$2,812,739$0$115,749,937
99$229,209,649$2,758,118$0$127,322,359
100$252,390,526$2,694,758$0$140,070,663