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

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$127,172$126,039$124,934$123,855$122,802$121,017
2 years$62,956$61,784$60,647$59,546$58,477$56,682
3 years$41,554$40,376$39,243$38,152$37,100$35,352
4 years$30,855$29,681$28,559$27,486$26,460$24,771
5 years$24,437$23,270$22,163$21,112$20,115$18,490
6 years$20,160$19,002$17,911$16,883$15,916$14,358
7 years$17,106$15,958$14,884$13,881$12,944$11,453
8 years$14,817$13,679$12,623$11,644$10,738$9,314
9 years$13,037$11,910$10,872$9,918$9,043$7,685
10 years$11,614$10,498$9,478$8,550$7,705$6,412
11 years$10,451$9,346$8,345$7,441$6,627$5,398
12 years$9,482$8,388$7,406$6,527$5,743$4,576
13 years$8,663$7,580$6,617$5,762$5,008$3,902
14 years$7,961$6,890$5,945$5,115$4,390$3,343
15 years$7,354$6,295$5,368$4,562$3,865$2,875
16 years$6,823$5,775$4,866$4,084$3,416$2,481
17 years$6,355$5,319$4,428$3,670$3,029$2,147
18 years$5,939$4,915$4,042$3,307$2,693$1,863
19 years$5,568$4,555$3,701$2,988$2,400$1,619
20 years$5,234$4,233$3,396$2,707$2,144$1,410
21 years$4,932$3,943$3,124$2,456$1,919$1,230
22 years$4,658$3,680$2,879$2,233$1,720$1,074
23 years$4,409$3,442$2,658$2,034$1,544$939
24 years$4,180$3,225$2,459$1,855$1,388$821
25 years$3,970$3,026$2,277$1,694$1,249$719
26 years$3,777$2,844$2,112$1,549$1,125$631
27 years$3,598$2,677$1,961$1,418$1,014$553
28 years$3,432$2,522$1,823$1,299$915$485
29 years$3,278$2,380$1,697$1,191$826$426
30 years$3,135$2,247$1,580$1,093$747$374
31 years$3,001$2,124$1,473$1,004$675$329
32 years$2,875$2,010$1,375$923$611$289
33 years$2,758$1,904$1,283$849$553$254
34 years$2,648$1,804$1,199$781$500$223
35 years$2,544$1,711$1,121$719$453$197
36 years$2,446$1,624$1,049$662$411$173
37 years$2,354$1,543$982$610$372$152
38 years$2,266$1,466$919$562$337$134
39 years$2,184$1,394$861$518$306$118
40 years$2,105$1,326$807$478$277$104
41 years$2,031$1,263$757$441$252$91
42 years$1,961$1,202$710$407$228$80
43 years$1,894$1,146$666$376$207$71
44 years$1,830$1,092$625$347$188$62
45 years$1,769$1,041$587$320$171$55
46 years$1,711$993$552$296$155$48
47 years$1,656$948$518$273$141$43
48 years$1,603$905$487$253$128$38
49 years$1,552$864$458$234$116$33
50 years$1,504$826$430$216$106$29

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 $5,987 every year, while hoping to spend $41,852 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: 70/13/17 Blend
42$1,540,000$1,540,000$1,540,000$1,540,000
43$1,703,256$1,621,636$1,597,766$1,815,238
44$1,832,457$1,656,566$1,606,761$1,925,480
45$1,973,435$1,691,804$1,614,654$2,040,540
46$2,127,346$1,727,323$1,621,365$2,165,410
47$2,295,463$1,763,090$1,626,809$2,301,054
48$2,479,188$1,799,069$1,630,895$2,448,533
49$2,680,066$1,835,224$1,633,530$2,609,016
50$2,899,795$1,871,512$1,634,616$2,783,791
51$3,140,247$1,907,889$1,634,048$2,974,277
52$3,403,482$1,944,305$1,631,719$3,182,039
53$3,691,769$1,980,709$1,627,514$3,408,799
54$4,007,607$2,017,041$1,621,313$3,656,457
55$4,353,748$2,053,241$1,612,992$3,927,105
56$4,733,223$2,089,242$1,602,420$4,223,048
57$5,149,369$2,124,972$1,589,458$4,546,828
58$5,605,862$2,160,353$1,573,962$4,901,244
59$6,106,752$2,195,303$1,555,782$5,289,384
60$6,656,500$2,229,732$1,534,760$5,714,647
61$7,260,017$2,263,543$1,510,729$6,180,781
62$7,922,717$2,296,635$1,483,517$6,691,918
63$8,650,562$2,328,897$1,452,941$7,252,609
64$9,450,117$2,360,212$1,418,813$7,867,872
65$10,328,619$2,390,452$1,380,934$8,543,235
66$11,294,038$2,419,484$1,339,094$9,284,791
67$12,355,154$2,447,163$1,293,079$10,099,258
68$13,521,642$2,473,336$1,242,659$10,994,036
69$14,804,158$2,497,838$1,187,597$11,977,283
70$16,214,446$2,520,496$1,127,645$13,057,990
71$17,765,441$2,541,122$1,062,542$14,246,064
72$19,471,397$2,559,518$992,018$15,552,427
73$21,348,018$2,575,472$915,789$16,989,114
74$23,412,606$2,588,761$833,558$18,569,389
75$25,684,225$2,599,143$745,016$20,307,873
76$28,183,881$2,606,366$649,839$22,220,676
77$30,934,717$2,610,159$547,689$24,325,557
78$33,962,235$2,610,234$438,214$26,642,087
79$37,294,534$2,606,286$321,045$29,191,834
80$40,962,574$2,597,991$195,797$31,998,570
81$45,000,470$2,585,006$62,070$35,088,494
82$49,445,812$2,566,966$0$38,490,481
83$54,340,021$2,543,483$0$42,250,981
84$59,728,738$2,514,148$0$46,403,402
85$65,662,253$2,478,526$0$50,975,211
86$72,195,985$2,436,156$0$56,009,092
87$79,390,997$2,386,549$0$61,552,084
88$87,314,577$2,329,188$0$67,656,020
89$96,040,872$2,263,526$0$74,378,023
90$105,651,585$2,188,984$0$81,781,040
91$116,236,750$2,104,947$0$89,934,437
92$127,895,575$2,010,766$0$98,914,656
93$140,737,385$1,905,755$0$108,805,934
94$154,882,648$1,789,187$0$119,701,103
95$170,464,115$1,660,293$0$131,702,459
96$187,628,069$1,518,262$0$144,922,735
97$206,535,710$1,362,235$0$159,486,163
98$227,364,672$1,191,304$0$175,529,645
99$250,310,702$1,004,511$0$193,204,049
100$275,589,503$800,842$0$212,675,630