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

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$110,656$109,670$108,709$107,770$106,853$105,870
2 years$54,780$53,760$52,771$51,813$50,883$49,892
3 years$36,157$35,133$34,146$33,197$32,282$31,314
4 years$26,848$25,826$24,850$23,916$23,024$22,087
5 years$21,263$20,248$19,285$18,370$17,502$16,599
6 years$17,542$16,534$15,585$14,691$13,849$12,980
7 years$14,885$13,885$12,951$12,078$11,263$10,429
8 years$12,893$11,902$10,983$10,132$9,344$8,545
9 years$11,344$10,363$9,460$8,630$7,869$7,105
10 years$10,106$9,135$8,248$7,439$6,705$5,975
11 years$9,093$8,132$7,261$6,474$5,766$5,070
12 years$8,250$7,299$6,444$5,679$4,997$4,334
13 years$7,538$6,596$5,757$5,014$4,357$3,727
14 years$6,927$5,996$5,173$4,451$3,820$3,220
15 years$6,399$5,477$4,670$3,969$3,363$2,794
16 years$5,937$5,025$4,234$3,554$2,972$2,433
17 years$5,529$4,628$3,853$3,193$2,635$2,125
18 years$5,168$4,276$3,517$2,878$2,343$1,861
19 years$4,845$3,963$3,220$2,600$2,089$1,633
20 years$4,554$3,683$2,955$2,355$1,866$1,436
21 years$4,292$3,430$2,718$2,137$1,670$1,264
22 years$4,053$3,202$2,505$1,943$1,496$1,115
23 years$3,836$2,995$2,313$1,770$1,343$984
24 years$3,637$2,806$2,139$1,614$1,207$870
25 years$3,455$2,633$1,981$1,474$1,086$770
26 years$3,286$2,475$1,838$1,348$979$682
27 years$3,131$2,329$1,706$1,234$882$604
28 years$2,987$2,195$1,586$1,130$796$536
29 years$2,853$2,071$1,476$1,037$719$475
30 years$2,728$1,955$1,375$951$650$422
31 years$2,611$1,849$1,282$874$587$375
32 years$2,502$1,749$1,196$803$531$333
33 years$2,400$1,656$1,117$738$481$296
34 years$2,304$1,570$1,043$679$435$263
35 years$2,213$1,489$976$625$394$234
36 years$2,128$1,413$913$576$357$208
37 years$2,048$1,342$854$531$324$185
38 years$1,972$1,276$800$489$294$165
39 years$1,900$1,213$749$451$266$147
40 years$1,832$1,154$702$416$241$131
41 years$1,767$1,099$659$384$219$116
42 years$1,706$1,046$618$354$199$103
43 years$1,648$997$580$327$180$92
44 years$1,592$950$544$302$164$82
45 years$1,539$906$511$279$149$73
46 years$1,489$864$480$258$135$65
47 years$1,441$825$451$238$123$58
48 years$1,394$788$424$220$111$52
49 years$1,350$752$398$203$101$46
50 years$1,308$718$374$188$92$41

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 $2,549 every year, while hoping to spend $37,852 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: 70/25/5 Blend
42$1,340,000$1,340,000$1,340,000$1,340,000
43$1,479,309$1,408,289$1,387,519$1,581,939
44$1,589,925$1,437,021$1,393,727$1,678,784
45$1,710,554$1,465,892$1,398,874$1,779,783
46$1,842,179$1,494,870$1,402,885$1,889,237
47$1,985,880$1,523,917$1,405,680$2,007,965
48$2,142,846$1,552,995$1,407,177$2,136,871
49$2,314,387$1,582,062$1,407,287$2,276,948
50$2,501,943$1,611,072$1,405,920$2,429,292
51$2,707,102$1,639,975$1,402,979$2,595,110
52$2,931,610$1,668,718$1,398,363$2,775,730
53$3,177,393$1,697,244$1,391,967$2,972,616
54$3,446,569$1,725,490$1,383,679$3,187,380
55$3,741,470$1,753,391$1,373,384$3,421,800
56$4,064,667$1,780,874$1,360,959$3,677,832
57$4,418,989$1,807,863$1,346,278$3,957,632
58$4,807,554$1,834,276$1,329,206$4,263,578
59$5,233,794$1,860,025$1,309,604$4,598,286
60$5,701,490$1,885,015$1,287,325$4,964,642
61$6,214,808$1,909,147$1,262,215$5,365,823
62$6,778,334$1,932,311$1,234,116$5,805,334
63$7,397,123$1,954,393$1,202,858$6,287,033
64$8,076,742$1,975,270$1,168,265$6,815,173
65$8,823,322$1,994,812$1,130,155$7,394,442
66$9,643,621$2,012,877$1,088,335$8,030,005
67$10,545,080$2,029,318$1,042,604$8,727,553
68$11,535,899$2,043,976$992,752$9,493,360
69$12,625,111$2,056,681$938,560$10,334,337
70$13,822,668$2,067,254$879,797$11,258,104
71$15,139,535$2,075,504$816,225$12,273,056
72$16,587,791$2,081,227$747,592$13,388,444
73$18,180,745$2,084,207$673,636$14,614,468
74$19,933,063$2,084,214$594,084$15,962,363
75$21,860,900$2,081,006$508,651$17,444,514
76$23,982,059$2,074,322$417,038$19,074,572
77$26,316,153$2,063,888$318,933$20,867,579
78$28,884,794$2,049,412$214,011$22,840,112
79$31,711,795$2,030,585$101,932$25,010,442
80$34,823,395$2,007,080$0$27,398,706
81$38,248,502$1,978,548$0$30,028,038
82$42,018,974$1,944,622$0$32,927,817
83$46,169,911$1,904,910$0$36,119,575
84$50,739,992$1,859,000$0$39,633,038
85$55,771,834$1,806,454$0$43,500,969
86$61,312,400$1,746,809$0$47,759,471
87$67,413,436$1,679,574$0$52,448,335
88$74,131,964$1,604,231$0$57,611,411
89$81,530,816$1,520,230$0$63,297,023
90$89,679,228$1,426,991$0$69,558,429
91$98,653,496$1,323,899$0$76,454,321
92$108,537,688$1,210,306$0$84,049,381
93$119,424,447$1,085,526$0$92,414,892
94$131,415,856$948,832$0$101,629,413
95$144,624,408$799,460$0$111,779,518
96$159,174,062$636,598$0$122,960,618
97$175,201,417$459,392$0$135,277,861
98$192,856,998$266,938$0$148,847,126
99$212,306,676$58,282$0$163,796,116
100$233,733,237$0$0$180,265,567