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

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$123,869$122,765$121,689$120,638$119,612$115,691
2 years$61,321$60,179$59,072$57,999$56,958$53,045
3 years$40,475$39,328$38,224$37,161$36,137$32,354
4 years$30,053$28,910$27,817$26,772$25,773$22,150
5 years$23,802$22,666$21,587$20,564$19,592$16,139
6 years$19,636$18,508$17,446$16,445$15,503$12,222
7 years$16,662$15,543$14,497$13,520$12,608$9,499
8 years$14,432$13,323$12,295$11,342$10,459$7,520
9 years$12,698$11,600$10,590$9,661$8,808$6,036
10 years$11,312$10,225$9,232$8,328$7,505$4,894
11 years$10,179$9,103$8,128$7,247$6,455$4,001
12 years$9,236$8,170$7,213$6,357$5,593$3,291
13 years$8,438$7,384$6,445$5,612$4,878$2,721
14 years$7,754$6,711$5,791$4,982$4,276$2,259
15 years$7,163$6,131$5,228$4,443$3,765$1,882
16 years$6,646$5,625$4,740$3,978$3,327$1,572
17 years$6,190$5,181$4,313$3,574$2,950$1,316
18 years$5,785$4,787$3,937$3,221$2,623$1,104
19 years$5,423$4,437$3,605$2,911$2,338$927
20 years$5,098$4,123$3,308$2,636$2,088$780
21 years$4,804$3,840$3,043$2,393$1,869$656
22 years$4,537$3,585$2,804$2,175$1,675$553
23 years$4,294$3,353$2,589$1,981$1,504$466
24 years$4,072$3,141$2,395$1,807$1,352$394
25 years$3,867$2,948$2,218$1,650$1,216$332
26 years$3,679$2,770$2,057$1,509$1,096$281
27 years$3,505$2,607$1,910$1,381$988$237
28 years$3,343$2,457$1,776$1,265$891$201
29 years$3,193$2,318$1,652$1,160$805$170
30 years$3,053$2,189$1,539$1,065$727$143
31 years$2,923$2,069$1,435$978$657$121
32 years$2,801$1,958$1,339$899$595$103
33 years$2,686$1,854$1,250$827$538$87
34 years$2,579$1,757$1,168$761$487$73
35 years$2,478$1,667$1,092$700$441$62
36 years$2,382$1,582$1,022$645$400$53
37 years$2,292$1,503$956$594$362$45
38 years$2,207$1,428$895$548$329$38
39 years$2,127$1,358$839$505$298$32
40 years$2,051$1,292$786$466$270$27
41 years$1,978$1,230$737$430$245$23
42 years$1,910$1,171$692$397$222$19
43 years$1,844$1,116$649$366$202$16
44 years$1,782$1,064$609$338$183$14
45 years$1,723$1,014$572$312$166$12
46 years$1,666$968$537$288$151$10
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 $5,099 every year, while hoping to spend $59,970 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: 55/17/28 Blend
42$1,500,000$1,500,000$1,500,000$1,500,000
43$1,658,260$1,578,760$1,555,510$1,736,357
44$1,763,594$1,592,311$1,543,812$1,804,329
45$1,877,664$1,604,517$1,529,712$1,871,711
46$2,001,294$1,615,247$1,513,066$1,943,894
47$2,135,397$1,624,365$1,493,725$2,021,360
48$2,280,972$1,631,724$1,471,529$2,104,645
49$2,439,121$1,637,168$1,446,315$2,194,341
50$2,611,053$1,640,531$1,417,908$2,291,102
51$2,798,102$1,641,638$1,386,129$2,395,653
52$3,001,732$1,640,302$1,350,789$2,508,792
53$3,223,557$1,636,325$1,311,688$2,631,406
54$3,465,351$1,629,496$1,268,620$2,764,473
55$3,729,066$1,619,591$1,221,369$2,909,073
56$4,016,854$1,606,374$1,169,708$3,066,403
57$4,331,080$1,589,593$1,113,400$3,237,784
58$4,674,349$1,568,982$1,052,198$3,424,675
59$5,049,528$1,544,258$985,842$3,628,689
60$5,459,776$1,515,122$914,064$3,851,609
61$5,908,567$1,481,257$836,579$4,095,404
62$6,399,730$1,442,328$753,093$4,362,247
63$6,937,478$1,397,978$663,298$4,654,542
64$7,526,454$1,347,832$566,871$4,974,941
65$8,171,768$1,291,491$463,477$5,326,374
66$8,879,048$1,228,535$352,764$5,712,076
67$9,654,495$1,158,517$234,365$6,135,620
68$10,504,936$1,080,966$107,898$6,600,948
69$11,437,890$995,384$0$7,112,415
70$12,461,642$901,245$0$7,682,912
71$13,585,314$797,991$0$8,344,586
72$14,818,957$685,034$0$9,071,153
73$16,173,643$561,752$0$9,869,210
74$17,661,565$427,489$0$10,746,032
75$19,296,159$281,550$0$11,709,635
76$21,092,225$123,203$0$12,768,860
77$23,066,067$0$0$13,933,448
78$25,235,648$0$0$15,223,180
79$27,620,756$0$0$16,666,522
80$30,243,194$0$0$18,253,637
81$33,126,982$0$0$19,999,083
82$36,298,585$0$0$21,918,897
83$39,787,159$0$0$24,030,749
84$43,624,831$0$0$26,354,109
85$47,846,996$0$0$28,910,425
86$52,492,653$0$0$31,723,335
87$57,604,773$0$0$34,818,878
88$63,230,703$0$0$38,225,749
89$69,422,609$0$0$41,975,565
90$76,237,975$0$0$46,103,162
91$83,740,138$0$0$50,646,925
92$91,998,887$0$0$55,649,152
93$101,091,121$0$0$61,156,447
94$111,101,576$0$0$67,220,165
95$122,123,622$0$0$73,896,894
96$134,260,141$0$0$81,248,988
97$147,624,502$0$0$89,345,155
98$162,341,627$0$0$98,261,108
99$178,549,172$0$0$108,080,275
100$196,398,819$0$0$118,894,588