Can I retire at age 43 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$127,998$126,857$125,745$124,659$123,599$119,979
2 years$63,365$62,185$61,041$59,932$58,857$55,239
3 years$41,824$40,639$39,498$38,399$37,341$33,839
4 years$31,055$29,874$28,744$27,664$26,632$23,272
5 years$24,596$23,421$22,307$21,249$20,245$17,037
6 years$20,291$19,125$18,027$16,993$16,019$12,966
7 years$17,217$16,061$14,981$13,971$13,028$10,129
8 years$14,913$13,768$12,705$11,720$10,808$8,062
9 years$13,122$11,987$10,943$9,983$9,102$6,506
10 years$11,690$10,566$9,540$8,605$7,755$5,305
11 years$10,519$9,406$8,399$7,489$6,670$4,362
12 years$9,543$8,443$7,454$6,569$5,780$3,610
13 years$8,719$7,630$6,659$5,799$5,040$3,003
14 years$8,013$6,935$5,984$5,148$4,418$2,509
15 years$7,402$6,335$5,402$4,591$3,890$2,103
16 years$6,867$5,813$4,898$4,111$3,438$1,768
17 years$6,396$5,353$4,457$3,694$3,048$1,490
18 years$5,978$4,947$4,069$3,329$2,711$1,258
19 years$5,604$4,584$3,725$3,008$2,416$1,064
20 years$5,268$4,260$3,418$2,724$2,158$901
21 years$4,964$3,968$3,144$2,472$1,931$764
22 years$4,689$3,704$2,898$2,248$1,731$648
23 years$4,437$3,464$2,676$2,047$1,554$550
24 years$4,207$3,246$2,475$1,867$1,397$468
25 years$3,996$3,046$2,292$1,705$1,257$398
26 years$3,801$2,863$2,126$1,559$1,132$339
27 years$3,621$2,694$1,974$1,427$1,021$288
28 years$3,455$2,539$1,835$1,308$921$245
29 years$3,300$2,395$1,708$1,199$832$209
30 years$3,155$2,262$1,591$1,100$751$178
31 years$3,020$2,138$1,483$1,011$679$152
32 years$2,894$2,023$1,383$929$615$129
33 years$2,776$1,916$1,292$854$556$110
34 years$2,665$1,816$1,207$786$504$94
35 years$2,560$1,722$1,128$723$456$80
36 years$2,462$1,635$1,056$666$413$68
37 years$2,369$1,553$988$614$374$58
38 years$2,281$1,476$925$566$340$50
39 years$2,198$1,403$867$522$308$42
40 years$2,119$1,335$813$481$279$36
41 years$2,044$1,271$762$444$253$31
42 years$1,973$1,210$715$410$230$26
43 years$1,906$1,153$671$378$209$22
44 years$1,842$1,099$629$349$189$19
45 years$1,780$1,048$591$323$172$16
46 years$1,722$1,000$555$298$156$14
47 years$1,666$954$522$275$142$12
48 years$1,613$911$490$254$129$10
49 years$1,562$870$461$235$117$9
50 years$1,513$831$433$217$106$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,550,000, adding $6,298 every year, while hoping to spend $33,976 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: 39/38/23 Blend
42$1,550,000$1,550,000$1,550,000$1,550,000
43$1,714,596$1,632,446$1,608,421$1,769,525
44$1,853,335$1,676,286$1,626,153$1,853,662
45$2,005,086$1,721,135$1,643,341$1,940,920
46$2,171,142$1,767,007$1,659,929$2,034,594
47$2,352,923$1,813,915$1,675,861$2,135,285
48$2,551,996$1,861,872$1,691,078$2,243,659
49$2,770,086$1,910,890$1,705,515$2,360,446
50$3,009,091$1,960,980$1,719,106$2,486,451
51$3,271,102$2,012,153$1,731,780$2,622,561
52$3,558,425$2,064,418$1,743,465$2,769,751
53$3,873,594$2,117,785$1,754,081$2,929,098
54$4,219,406$2,172,261$1,763,548$3,101,786
55$4,598,937$2,227,854$1,771,779$3,289,121
56$5,015,580$2,284,569$1,778,684$3,492,540
57$5,473,067$2,342,412$1,784,168$3,713,629
58$5,975,514$2,401,384$1,788,132$3,954,133
59$6,527,453$2,461,488$1,790,471$4,215,976
60$7,133,876$2,522,724$1,791,075$4,501,278
61$7,800,284$2,585,090$1,789,828$4,812,374
62$8,532,736$2,648,583$1,786,611$5,151,840
63$9,337,908$2,713,196$1,781,295$5,522,511
64$10,223,155$2,778,923$1,773,749$5,927,515
65$11,196,580$2,845,754$1,763,833$6,370,296
66$12,267,110$2,913,675$1,751,400$6,854,652
67$13,444,582$2,982,671$1,736,298$7,384,768
68$14,739,831$3,052,724$1,718,366$7,965,256
69$16,164,799$3,123,812$1,697,437$8,601,200
70$17,732,641$3,195,912$1,673,333$9,298,201
71$19,457,852$3,268,993$1,645,872$10,062,435
72$21,356,405$3,343,025$1,614,860$10,900,707
73$23,445,895$3,417,971$1,580,095$11,820,519
74$25,745,715$3,493,790$1,541,367$12,830,138
75$28,277,229$3,570,437$1,498,454$13,938,675
76$31,063,979$3,647,861$1,451,125$15,156,174
77$34,131,906$3,726,007$1,399,138$16,493,703
78$37,509,592$3,804,813$1,342,241$17,963,464
79$41,228,533$3,884,211$1,280,169$19,578,901
80$45,323,435$3,964,129$1,212,646$21,354,837
81$49,832,539$4,044,485$1,139,383$23,307,607
82$54,797,984$4,125,191$1,060,078$25,455,212
83$60,266,203$4,206,151$974,417$27,817,499
84$66,288,365$4,287,261$882,068$30,416,336
85$72,920,849$4,368,408$782,689$33,275,829
86$80,225,786$4,449,470$675,919$36,422,547
87$88,271,637$4,530,315$561,383$39,885,770
88$97,133,844$4,610,800$438,690$43,697,773
89$106,895,539$4,690,772$307,428$47,894,126
90$117,648,329$4,770,065$167,172$52,514,032
91$129,493,161$4,848,501$17,475$57,600,700
92$142,541,274$4,925,888$0$63,201,751
93$156,915,248$5,002,021$0$69,404,587
94$172,750,164$5,076,680$0$76,238,984
95$190,194,871$5,149,628$0$83,764,527
96$209,413,401$5,220,612$0$92,051,613
97$230,586,508$5,289,363$0$101,177,816
98$253,913,380$5,355,589$0$111,228,627
99$279,613,515$5,418,983$0$122,298,258
100$307,928,794$5,479,214$0$134,490,532