Can I retire at age 43 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$127,172$126,039$124,934$123,855$122,802$121,570
2 years$62,956$61,784$60,647$59,546$58,477$57,236
3 years$41,554$40,376$39,243$38,152$37,100$35,889
4 years$30,855$29,681$28,559$27,486$26,460$25,288
5 years$24,437$23,270$22,163$21,112$20,115$18,985
6 years$20,160$19,002$17,911$16,883$15,916$14,830
7 years$17,106$15,958$14,884$13,881$12,944$11,902
8 years$14,817$13,679$12,623$11,644$10,738$9,741
9 years$13,037$11,910$10,872$9,918$9,043$8,089
10 years$11,614$10,498$9,478$8,550$7,705$6,795
11 years$10,451$9,346$8,345$7,441$6,627$5,759
12 years$9,482$8,388$7,406$6,527$5,743$4,916
13 years$8,663$7,580$6,617$5,762$5,008$4,222
14 years$7,961$6,890$5,945$5,115$4,390$3,644
15 years$7,354$6,295$5,368$4,562$3,865$3,158
16 years$6,823$5,775$4,866$4,084$3,416$2,746
17 years$6,355$5,319$4,428$3,670$3,029$2,395
18 years$5,939$4,915$4,042$3,307$2,693$2,094
19 years$5,568$4,555$3,701$2,988$2,400$1,835
20 years$5,234$4,233$3,396$2,707$2,144$1,611
21 years$4,932$3,943$3,124$2,456$1,919$1,416
22 years$4,658$3,680$2,879$2,233$1,720$1,247
23 years$4,409$3,442$2,658$2,034$1,544$1,100
24 years$4,180$3,225$2,459$1,855$1,388$970
25 years$3,970$3,026$2,277$1,694$1,249$857
26 years$3,777$2,844$2,112$1,549$1,125$758
27 years$3,598$2,677$1,961$1,418$1,014$671
28 years$3,432$2,522$1,823$1,299$915$594
29 years$3,278$2,380$1,697$1,191$826$526
30 years$3,135$2,247$1,580$1,093$747$466
31 years$3,001$2,124$1,473$1,004$675$413
32 years$2,875$2,010$1,375$923$611$367
33 years$2,758$1,904$1,283$849$553$325
34 years$2,648$1,804$1,199$781$500$289
35 years$2,544$1,711$1,121$719$453$256
36 years$2,446$1,624$1,049$662$411$228
37 years$2,354$1,543$982$610$372$202
38 years$2,266$1,466$919$562$337$180
39 years$2,184$1,394$861$518$306$160
40 years$2,105$1,326$807$478$277$142
41 years$2,031$1,263$757$441$252$126
42 years$1,961$1,202$710$407$228$112
43 years$1,894$1,146$666$376$207$100
44 years$1,830$1,092$625$347$188$89
45 years$1,769$1,041$587$320$171$79
46 years$1,711$993$552$296$155$70
47 years$1,656$948$518$273$141$62
48 years$1,603$905$487$253$128$55
49 years$1,552$864$458$234$116$49
50 years$1,504$826$430$216$106$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,540,000, adding $6,899 every year, while hoping to spend $53,004 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: 63/28/9 Blend
42$1,540,000$1,540,000$1,540,000$1,540,000
43$1,704,196$1,622,576$1,598,706$1,807,866
44$1,821,628$1,645,687$1,595,867$1,901,062
45$1,949,262$1,668,153$1,591,156$1,995,978
46$2,088,082$1,689,888$1,584,455$2,098,264
47$2,239,172$1,710,797$1,575,640$2,208,634
48$2,403,723$1,730,782$1,564,579$2,327,874
49$2,583,047$1,749,735$1,551,137$2,456,851
50$2,778,587$1,767,541$1,535,170$2,596,520
51$2,991,933$1,784,081$1,516,528$2,747,935
52$3,224,833$1,799,224$1,495,055$2,912,257
53$3,479,213$1,812,832$1,470,585$3,090,768
54$3,757,190$1,824,758$1,442,947$3,284,879
55$4,061,099$1,834,847$1,411,961$3,496,148
56$4,393,507$1,842,931$1,377,438$3,726,292
57$4,757,244$1,848,833$1,339,182$3,977,204
58$5,155,423$1,852,367$1,296,985$4,250,972
59$5,591,475$1,853,331$1,250,632$4,549,899
60$6,069,174$1,851,513$1,199,897$4,876,523
61$6,592,682$1,846,689$1,144,545$5,233,643
62$7,166,577$1,838,618$1,084,329$5,624,348
63$7,795,905$1,827,048$1,018,991$6,052,041
64$8,486,222$1,811,708$948,262$6,520,475
65$9,243,648$1,792,313$871,861$7,033,790
66$10,074,924$1,768,561$789,492$7,596,550
67$10,987,476$1,740,129$700,850$8,213,787
68$11,989,482$1,706,680$605,612$8,891,051
69$13,089,954$1,667,852$503,445$9,634,459
70$14,298,817$1,623,264$393,998$10,450,760
71$15,627,005$1,572,512$276,905$11,347,392
72$17,086,563$1,515,170$151,785$12,332,557
73$18,690,764$1,450,784$18,241$13,415,299
74$20,454,225$1,378,876$0$14,605,589
75$22,393,056$1,298,940$0$15,926,355
76$24,525,001$1,210,442$0$17,380,429
77$26,869,612$1,112,814$0$18,979,466
78$29,448,429$1,005,459$0$20,738,244
79$32,285,187$887,744$0$22,673,055
80$35,406,034$759,002$0$24,801,857
81$38,839,781$618,525$0$27,144,444
82$42,618,175$465,568$0$29,722,638
83$46,776,191$299,344$0$32,560,490
84$51,352,371$119,020$0$35,684,512
85$56,389,179$0$0$39,123,928
86$61,933,405$0$0$42,934,454
87$68,036,607$0$0$47,169,665
88$74,755,595$0$0$51,832,329
89$82,152,966$0$0$56,965,901
90$90,297,696$0$0$62,618,269
91$99,265,791$0$0$68,842,196
92$109,140,999$0$0$75,695,825
93$120,015,607$0$0$83,243,223
94$131,991,304$0$0$91,554,988
95$145,180,148$0$0$100,708,914
96$159,705,613$0$0$110,790,722
97$175,703,765$0$0$121,894,875
98$193,324,536$0$0$134,125,460
99$212,733,143$0$0$147,597,181
100$234,111,648$0$0$162,436,432