Can I retire at age 43 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$125,520$124,402$123,311$122,247$121,207$117,847
2 years$62,139$60,981$59,860$58,772$57,718$54,357
3 years$41,014$39,852$38,733$37,656$36,618$33,363
4 years$30,454$29,295$28,188$27,129$26,117$22,992
5 years$24,120$22,968$21,875$20,838$19,853$16,867
6 years$19,898$18,755$17,678$16,664$15,709$12,865
7 years$16,884$15,751$14,691$13,700$12,776$10,073
8 years$14,624$13,501$12,459$11,493$10,599$8,036
9 years$12,868$11,755$10,731$9,789$8,926$6,501
10 years$11,463$10,362$9,355$8,439$7,605$5,315
11 years$10,315$9,224$8,236$7,344$6,541$4,381
12 years$9,359$8,279$7,310$6,442$5,668$3,635
13 years$8,550$7,482$6,531$5,687$4,943$3,032
14 years$7,858$6,801$5,868$5,048$4,333$2,540
15 years$7,258$6,213$5,298$4,502$3,815$2,135
16 years$6,734$5,700$4,803$4,031$3,372$1,800
17 years$6,272$5,250$4,371$3,622$2,989$1,521
18 years$5,862$4,851$3,990$3,264$2,658$1,288
19 years$5,495$4,496$3,653$2,950$2,369$1,093
20 years$5,166$4,178$3,352$2,671$2,116$928
21 years$4,868$3,891$3,083$2,424$1,894$789
22 years$4,598$3,632$2,842$2,204$1,698$672
23 years$4,352$3,397$2,624$2,008$1,524$573
24 years$4,126$3,183$2,427$1,831$1,370$488
25 years$3,919$2,987$2,248$1,672$1,232$416
26 years$3,728$2,807$2,084$1,529$1,110$356
27 years$3,551$2,642$1,936$1,399$1,001$304
28 years$3,388$2,490$1,799$1,282$903$259
29 years$3,236$2,349$1,675$1,176$815$222
30 years$3,094$2,218$1,560$1,079$737$189
31 years$2,962$2,097$1,454$991$666$162
32 years$2,838$1,984$1,357$911$603$139
33 years$2,722$1,879$1,267$838$545$118
34 years$2,613$1,781$1,184$771$494$101
35 years$2,511$1,689$1,107$709$447$87
36 years$2,414$1,603$1,035$653$405$74
37 years$2,323$1,523$969$602$367$63
38 years$2,237$1,447$907$555$333$54
39 years$2,155$1,376$850$512$302$46
40 years$2,078$1,309$797$472$274$40
41 years$2,005$1,246$747$435$248$34
42 years$1,935$1,187$701$402$225$29
43 years$1,869$1,131$658$371$205$25
44 years$1,806$1,078$617$342$186$21
45 years$1,746$1,028$580$316$169$18
46 years$1,689$981$544$292$153$16
47 years$1,634$936$511$270$139$13
48 years$1,582$893$481$249$126$11
49 years$1,532$853$452$231$115$10
50 years$1,484$815$425$213$104$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,520,000, adding $2,031 every year, while hoping to spend $58,062 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: 45/47/8 Blend
42$1,520,000$1,520,000$1,520,000$1,520,000
43$1,677,135$1,596,575$1,573,015$1,748,757
44$1,786,425$1,613,030$1,563,933$1,814,890
45$1,904,917$1,628,345$1,552,602$1,880,403
46$2,033,488$1,642,403$1,538,883$1,950,102
47$2,173,102$1,655,079$1,522,634$2,024,392
48$2,324,822$1,666,241$1,503,706$2,103,720
49$2,489,813$1,675,747$1,481,940$2,188,585
50$2,669,362$1,683,446$1,457,172$2,279,533
51$2,864,880$1,689,178$1,429,231$2,377,175
52$3,077,924$1,692,773$1,397,936$2,482,181
53$3,310,204$1,694,051$1,363,098$2,595,297
54$3,563,604$1,692,819$1,324,521$2,717,345
55$3,840,197$1,688,872$1,281,998$2,849,236
56$4,142,265$1,681,995$1,235,314$2,991,978
57$4,472,321$1,671,958$1,184,242$3,146,683
58$4,833,131$1,658,517$1,128,546$3,314,585
59$5,227,738$1,641,413$1,067,981$3,497,046
60$5,659,498$1,620,372$1,002,288$3,695,572
61$6,132,100$1,595,104$931,199$3,911,829
62$6,649,611$1,565,300$854,430$4,147,658
63$7,216,507$1,530,636$771,690$4,405,093
64$7,837,718$1,490,765$682,669$4,686,385
65$8,518,675$1,445,321$587,048$4,994,020
66$9,265,356$1,393,919$484,491$5,330,744
67$10,084,350$1,336,148$374,648$5,699,594
68$10,982,909$1,271,575$257,154$6,103,923
69$11,969,025$1,199,741$131,628$6,547,436
70$13,051,499$1,120,162$0$7,034,227
71$14,240,027$1,032,325$0$7,569,016
72$15,545,289$935,688$0$8,168,601
73$16,979,050$829,678$0$8,827,286
74$18,554,271$713,691$0$9,551,200
75$20,285,231$587,086$0$10,347,108
76$22,187,659$449,188$0$11,222,478
77$24,278,885$299,282$0$12,185,551
78$26,578,000$136,616$0$13,245,423
79$29,106,039$0$0$14,412,133
80$31,886,177$0$0$15,717,242
81$34,943,945$0$0$17,230,593
82$38,307,474$0$0$18,895,477
83$42,007,760$0$0$20,727,261
84$46,078,952$0$0$22,742,877
85$50,558,678$0$0$24,960,981
86$55,488,395$0$0$27,402,129
87$60,913,785$0$0$30,088,971
88$66,885,179$0$0$33,046,463
89$73,458,039$0$0$36,302,105
90$80,693,474$0$0$39,886,196
91$88,658,818$0$0$43,832,125
92$97,428,268$0$0$48,176,681
93$107,083,579$0$0$52,960,402
94$117,714,836$0$0$58,227,959
95$129,421,307$0$0$64,028,573
96$142,312,374$0$0$70,416,482
97$156,508,567$0$0$77,451,454
98$172,142,703$0$0$85,199,346
99$189,361,134$0$0$93,732,730
100$208,325,131$0$0$103,131,575