Can I retire at age 43 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$123,869$122,765$121,689$120,638$119,612$115,598
2 years$61,321$60,179$59,072$57,999$56,958$52,954
3 years$40,475$39,328$38,224$37,161$36,137$32,268
4 years$30,053$28,910$27,817$26,772$25,773$22,069
5 years$23,802$22,666$21,587$20,564$19,592$16,063
6 years$19,636$18,508$17,446$16,445$15,503$12,151
7 years$16,662$15,543$14,497$13,520$12,608$9,433
8 years$14,432$13,323$12,295$11,342$10,459$7,459
9 years$12,698$11,600$10,590$9,661$8,808$5,979
10 years$11,312$10,225$9,232$8,328$7,505$4,843
11 years$10,179$9,103$8,128$7,247$6,455$3,953
12 years$9,236$8,170$7,213$6,357$5,593$3,248
13 years$8,438$7,384$6,445$5,612$4,878$2,682
14 years$7,754$6,711$5,791$4,982$4,276$2,223
15 years$7,163$6,131$5,228$4,443$3,765$1,849
16 years$6,646$5,625$4,740$3,978$3,327$1,542
17 years$6,190$5,181$4,313$3,574$2,950$1,289
18 years$5,785$4,787$3,937$3,221$2,623$1,080
19 years$5,423$4,437$3,605$2,911$2,338$906
20 years$5,098$4,123$3,308$2,636$2,088$760
21 years$4,804$3,840$3,043$2,393$1,869$639
22 years$4,537$3,585$2,804$2,175$1,675$538
23 years$4,294$3,353$2,589$1,981$1,504$453
24 years$4,072$3,141$2,395$1,807$1,352$382
25 years$3,867$2,948$2,218$1,650$1,216$322
26 years$3,679$2,770$2,057$1,509$1,096$271
27 years$3,505$2,607$1,910$1,381$988$229
28 years$3,343$2,457$1,776$1,265$891$193
29 years$3,193$2,318$1,652$1,160$805$163
30 years$3,053$2,189$1,539$1,065$727$138
31 years$2,923$2,069$1,435$978$657$116
32 years$2,801$1,958$1,339$899$595$98
33 years$2,686$1,854$1,250$827$538$83
34 years$2,579$1,757$1,168$761$487$70
35 years$2,478$1,667$1,092$700$441$59
36 years$2,382$1,582$1,022$645$400$50
37 years$2,292$1,503$956$594$362$42
38 years$2,207$1,428$895$548$329$36
39 years$2,127$1,358$839$505$298$30
40 years$2,051$1,292$786$466$270$25
41 years$1,978$1,230$737$430$245$22
42 years$1,910$1,171$692$397$222$18
43 years$1,844$1,116$649$366$202$15
44 years$1,782$1,064$609$338$183$13
45 years$1,723$1,014$572$312$166$11
46 years$1,666$968$537$288$151$9
47 years$1,613$923$505$266$137$8
48 years$1,561$882$474$246$125$7
49 years$1,512$842$446$227$113$6
50 years$1,465$804$419$210$103$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,500,000, adding $2,609 every year, while hoping to spend $56,428 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: 61/28/11 Blend
42$1,500,000$1,500,000$1,500,000$1,500,000
43$1,655,691$1,576,191$1,552,941$1,752,279
44$1,764,533$1,593,386$1,544,926$1,834,579
45$1,882,585$1,609,531$1,534,751$1,917,672
46$2,010,728$1,624,517$1,522,284$2,006,952
47$2,149,929$1,638,225$1,507,387$2,103,019
48$2,301,252$1,650,530$1,489,916$2,206,535
49$2,465,870$1,661,296$1,469,718$2,318,230
50$2,645,071$1,670,381$1,446,635$2,438,913
51$2,840,271$1,677,633$1,420,501$2,569,471
52$3,053,033$1,682,891$1,391,142$2,710,887
53$3,285,072$1,685,983$1,358,375$2,864,245
54$3,538,280$1,686,726$1,322,010$3,030,739
55$3,814,735$1,684,926$1,281,849$3,211,689
56$4,116,729$1,680,378$1,237,681$3,408,550
57$4,446,782$1,672,864$1,189,291$3,622,929
58$4,807,670$1,662,151$1,136,448$3,856,596
59$5,202,450$1,647,993$1,078,916$4,111,508
60$5,634,485$1,630,130$1,016,446$4,389,822
61$6,107,482$1,608,286$948,776$4,693,918
62$6,625,520$1,582,167$875,634$5,026,422
63$7,193,093$1,551,463$796,738$5,390,231
64$7,815,149$1,515,845$711,789$5,788,542
65$8,497,138$1,474,965$620,478$6,224,881
66$9,245,062$1,428,455$522,481$6,703,138
67$10,065,533$1,375,924$417,458$7,227,604
68$10,965,833$1,316,959$305,059$7,803,014
69$11,953,982$1,251,125$184,912$8,434,588
70$13,038,816$1,177,957$56,634$9,128,088
71$14,230,067$1,096,969$0$9,889,867
72$15,538,456$1,007,643$0$10,736,353
73$16,975,794$909,433$0$11,673,560
74$18,555,092$801,762$0$12,703,412
75$20,290,682$684,019$0$13,835,364
76$22,198,357$555,561$0$15,079,842
77$24,295,512$415,706$0$16,448,339
78$26,601,313$263,735$0$17,953,529
79$29,136,878$98,889$0$19,609,383
80$31,925,471$0$0$21,431,304
81$34,992,724$0$0$23,460,811
82$38,366,879$0$0$25,727,033
83$42,079,052$0$0$28,220,415
84$46,163,527$0$0$30,964,003
85$50,658,080$0$0$33,983,188
86$55,604,332$0$0$37,305,946
87$61,048,144$0$0$40,963,105
88$67,040,049$0$0$44,988,631
89$73,635,725$0$0$49,419,950
90$80,896,524$0$0$54,298,302
91$88,890,048$0$0$59,669,127
92$97,690,787$0$0$65,582,496
93$107,380,821$0$0$72,093,584
94$118,050,594$0$0$79,263,186
95$129,799,768$0$0$87,158,292
96$142,738,159$0$0$95,852,723
97$156,986,779$0$0$105,427,821
98$172,678,972$0$0$115,973,219
99$189,961,675$0$0$127,587,688
100$208,996,800$0$0$140,380,067