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%12.2%
1 years$125,520$124,402$123,311$122,247$121,207$120,091
2 years$62,139$60,981$59,860$58,772$57,718$56,593
3 years$41,014$39,852$38,733$37,656$36,618$35,521
4 years$30,454$29,295$28,188$27,129$26,117$25,054
5 years$24,120$22,968$21,875$20,838$19,853$18,829
6 years$19,898$18,755$17,678$16,664$15,709$14,724
7 years$16,884$15,751$14,691$13,700$12,776$11,830
8 years$14,624$13,501$12,459$11,493$10,599$9,693
9 years$12,868$11,755$10,731$9,789$8,926$8,059
10 years$11,463$10,362$9,355$8,439$7,605$6,777
11 years$10,315$9,224$8,236$7,344$6,541$5,751
12 years$9,359$8,279$7,310$6,442$5,668$4,916
13 years$8,550$7,482$6,531$5,687$4,943$4,227
14 years$7,858$6,801$5,868$5,048$4,333$3,653
15 years$7,258$6,213$5,298$4,502$3,815$3,170
16 years$6,734$5,700$4,803$4,031$3,372$2,760
17 years$6,272$5,250$4,371$3,622$2,989$2,411
18 years$5,862$4,851$3,990$3,264$2,658$2,111
19 years$5,495$4,496$3,653$2,950$2,369$1,852
20 years$5,166$4,178$3,352$2,671$2,116$1,628
21 years$4,868$3,891$3,083$2,424$1,894$1,434
22 years$4,598$3,632$2,842$2,204$1,698$1,265
23 years$4,352$3,397$2,624$2,008$1,524$1,117
24 years$4,126$3,183$2,427$1,831$1,370$987
25 years$3,919$2,987$2,248$1,672$1,232$873
26 years$3,728$2,807$2,084$1,529$1,110$773
27 years$3,551$2,642$1,936$1,399$1,001$685
28 years$3,388$2,490$1,799$1,282$903$608
29 years$3,236$2,349$1,675$1,176$815$539
30 years$3,094$2,218$1,560$1,079$737$479
31 years$2,962$2,097$1,454$991$666$425
32 years$2,838$1,984$1,357$911$603$378
33 years$2,722$1,879$1,267$838$545$336
34 years$2,613$1,781$1,184$771$494$298
35 years$2,511$1,689$1,107$709$447$265
36 years$2,414$1,603$1,035$653$405$236
37 years$2,323$1,523$969$602$367$210
38 years$2,237$1,447$907$555$333$187
39 years$2,155$1,376$850$512$302$166
40 years$2,078$1,309$797$472$274$148
41 years$2,005$1,246$747$435$248$132
42 years$1,935$1,187$701$402$225$117
43 years$1,869$1,131$658$371$205$105
44 years$1,806$1,078$617$342$186$93
45 years$1,746$1,028$580$316$169$83
46 years$1,689$981$544$292$153$74
47 years$1,634$936$511$270$139$66
48 years$1,582$893$481$249$126$59
49 years$1,532$853$452$231$115$52
50 years$1,484$815$425$213$104$47

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 $4,817 every year, while hoping to spend $39,522 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: 61/23/16 Blend
42$1,520,000$1,520,000$1,520,000$1,520,000
43$1,680,009$1,599,449$1,575,889$1,775,432
44$1,809,319$1,635,771$1,586,630$1,876,603
45$1,950,493$1,672,548$1,596,406$1,982,098
46$2,104,702$1,709,760$1,605,144$2,096,291
47$2,273,230$1,747,387$1,612,765$2,220,028
48$2,457,494$1,785,404$1,619,187$2,354,243
49$2,659,054$1,823,784$1,624,325$2,499,964
50$2,879,625$1,862,498$1,628,089$2,658,321
51$3,121,100$1,901,513$1,630,382$2,830,564
52$3,385,560$1,940,795$1,631,107$3,018,066
53$3,675,296$1,980,303$1,630,159$3,222,342
54$3,992,835$2,019,996$1,627,428$3,445,061
55$4,340,956$2,059,828$1,622,799$3,688,062
56$4,722,723$2,099,749$1,616,151$3,953,373
57$5,141,507$2,139,704$1,607,360$4,243,226
58$5,601,026$2,179,634$1,596,291$4,560,083
59$6,105,371$2,219,476$1,582,807$4,906,658
60$6,659,049$2,259,161$1,566,761$5,285,940
61$7,267,027$2,298,615$1,548,003$5,701,223
62$7,934,775$2,337,758$1,526,372$6,156,141
63$8,668,318$2,376,504$1,501,701$6,654,694
64$9,474,294$2,414,761$1,473,816$7,201,295
65$10,360,017$2,452,429$1,442,534$7,800,805
66$11,333,543$2,489,402$1,407,663$8,458,584
67$12,403,748$2,525,567$1,369,004$9,180,536
68$13,580,411$2,560,800$1,326,346$9,973,172
69$14,874,305$2,594,971$1,279,471$10,843,667
70$16,297,300$2,627,941$1,228,149$11,799,927
71$17,862,474$2,659,559$1,172,141$12,850,670
72$19,584,235$2,689,666$1,111,197$14,005,499
73$21,478,459$2,718,092$1,045,054$15,275,005
74$23,562,638$2,744,655$973,439$16,670,855
75$25,856,045$2,769,160$896,067$18,205,912
76$28,379,915$2,791,402$812,638$19,894,351
77$31,157,645$2,811,161$722,841$21,751,797
78$34,215,019$2,828,201$626,350$23,795,471
79$37,580,441$2,842,274$522,823$26,044,351
80$41,285,216$2,853,114$411,907$28,519,358
81$45,363,831$2,860,440$293,229$31,243,547
82$49,854,292$2,863,952$166,403$34,242,329
83$54,798,476$2,863,332$31,024$37,543,712
84$60,242,526$2,858,241$0$41,178,563
85$66,237,290$2,848,321$0$45,200,271
86$72,838,796$2,833,190$0$49,633,876
87$80,108,782$2,812,446$0$54,515,479
88$88,115,280$2,785,658$0$59,890,710
89$96,933,256$2,752,373$0$65,809,850
90$106,645,317$2,712,108$0$72,328,315
91$117,342,492$2,664,354$0$79,507,171
92$129,125,089$2,608,570$0$87,413,717
93$142,103,641$2,544,183$0$96,122,117
94$156,399,950$2,470,586$0$105,714,101
95$172,148,238$2,387,138$0$116,279,742
96$189,496,410$2,293,158$0$127,918,298
97$208,607,450$2,187,929$0$140,739,157
98$229,660,961$2,070,690$0$154,862,870
99$252,854,861$1,940,635$0$170,422,283
100$278,407,246$1,796,915$0$187,563,801