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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$127,998$126,857$125,745$124,659$123,599$119,787
2 years$63,365$62,185$61,041$59,932$58,857$55,049
3 years$41,824$40,639$39,498$38,399$37,341$33,658
4 years$31,055$29,874$28,744$27,664$26,632$23,101
5 years$24,596$23,421$22,307$21,249$20,245$16,876
6 years$20,291$19,125$18,027$16,993$16,019$12,815
7 years$17,217$16,061$14,981$13,971$13,028$9,989
8 years$14,913$13,768$12,705$11,720$10,808$7,931
9 years$13,122$11,987$10,943$9,983$9,102$6,385
10 years$11,690$10,566$9,540$8,605$7,755$5,194
11 years$10,519$9,406$8,399$7,489$6,670$4,260
12 years$9,543$8,443$7,454$6,569$5,780$3,516
13 years$8,719$7,630$6,659$5,799$5,040$2,917
14 years$8,013$6,935$5,984$5,148$4,418$2,430
15 years$7,402$6,335$5,402$4,591$3,890$2,031
16 years$6,867$5,813$4,898$4,111$3,438$1,703
17 years$6,396$5,353$4,457$3,694$3,048$1,431
18 years$5,978$4,947$4,069$3,329$2,711$1,204
19 years$5,604$4,584$3,725$3,008$2,416$1,015
20 years$5,268$4,260$3,418$2,724$2,158$857
21 years$4,964$3,968$3,144$2,472$1,931$725
22 years$4,689$3,704$2,898$2,248$1,731$613
23 years$4,437$3,464$2,676$2,047$1,554$519
24 years$4,207$3,246$2,475$1,867$1,397$440
25 years$3,996$3,046$2,292$1,705$1,257$373
26 years$3,801$2,863$2,126$1,559$1,132$316
27 years$3,621$2,694$1,974$1,427$1,021$268
28 years$3,455$2,539$1,835$1,308$921$228
29 years$3,300$2,395$1,708$1,199$832$193
30 years$3,155$2,262$1,591$1,100$751$164
31 years$3,020$2,138$1,483$1,011$679$139
32 years$2,894$2,023$1,383$929$615$118
33 years$2,776$1,916$1,292$854$556$101
34 years$2,665$1,816$1,207$786$504$85
35 years$2,560$1,722$1,128$723$456$73
36 years$2,462$1,635$1,056$666$413$62
37 years$2,369$1,553$988$614$374$52
38 years$2,281$1,476$925$566$340$45
39 years$2,198$1,403$867$522$308$38
40 years$2,119$1,335$813$481$279$32
41 years$2,044$1,271$762$444$253$27
42 years$1,973$1,210$715$410$230$23
43 years$1,906$1,153$671$378$209$20
44 years$1,842$1,099$629$349$189$17
45 years$1,780$1,048$591$323$172$14
46 years$1,722$1,000$555$298$156$12
47 years$1,666$954$522$275$142$10
48 years$1,613$911$490$254$129$9
49 years$1,562$870$461$235$117$7
50 years$1,513$831$433$217$106$6

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 $5,916 every year, while hoping to spend $21,296 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: 61/31/8 Blend
42$1,550,000$1,550,000$1,550,000$1,550,000
43$1,714,202$1,632,052$1,608,027$1,815,511
44$1,866,392$1,689,364$1,639,237$1,941,337
45$2,033,392$1,748,770$1,670,779$2,075,581
46$2,216,689$1,810,351$1,702,642$2,221,516
47$2,417,923$1,874,190$1,734,812$2,380,270
48$2,638,900$1,940,374$1,767,277$2,553,084
49$2,881,608$2,008,993$1,800,021$2,741,324
50$3,148,239$2,080,141$1,833,029$2,946,491
51$3,441,206$2,153,915$1,866,282$3,170,238
52$3,763,170$2,230,417$1,899,763$3,414,385
53$4,117,059$2,309,753$1,933,451$3,680,935
54$4,506,101$2,392,033$1,967,324$3,972,089
55$4,933,852$2,477,372$2,001,358$4,290,275
56$5,404,230$2,565,888$2,035,528$4,638,163
57$5,921,550$2,657,705$2,069,808$5,018,692
58$6,490,570$2,752,954$2,104,167$5,435,098
59$7,116,527$2,851,768$2,138,576$5,890,946
60$7,805,196$2,954,288$2,173,001$6,390,158
61$8,562,936$3,060,658$2,207,407$6,937,055
62$9,396,757$3,171,032$2,241,757$7,536,395
63$10,314,380$3,285,566$2,276,009$8,193,417
64$11,324,313$3,404,426$2,310,123$8,913,891
65$12,435,933$3,527,783$2,344,052$9,704,170
66$13,659,569$3,655,815$2,377,748$10,571,253
67$15,006,604$3,788,709$2,411,162$11,522,848
68$16,489,580$3,926,657$2,444,238$12,567,445
69$18,122,317$4,069,863$2,476,920$13,714,395
70$19,920,044$4,218,537$2,509,146$14,973,998
71$21,899,539$4,372,896$2,540,854$16,357,601
72$24,079,295$4,533,171$2,571,975$17,877,701
73$26,479,684$4,699,597$2,602,438$19,548,066
74$29,123,159$4,872,425$2,632,166$21,383,862
75$32,034,458$5,051,910$2,661,081$23,401,799
76$35,240,843$5,238,324$2,689,097$25,620,281
77$38,772,354$5,431,947$2,716,127$28,059,586
78$42,662,093$5,633,071$2,742,076$30,742,054
79$46,946,536$5,842,001$2,766,845$33,692,297
80$51,665,879$6,059,056$2,790,331$36,937,428
81$56,864,415$6,284,566$2,812,423$40,507,323
82$62,590,953$6,518,877$2,833,007$44,434,894
83$68,899,279$6,762,351$2,851,961$48,756,405
84$75,848,661$7,015,362$2,869,158$53,511,809
85$83,504,413$7,278,303$2,884,463$58,745,127
86$91,938,505$7,551,582$2,897,735$64,504,862
87$101,230,250$7,835,627$2,908,826$70,844,454
88$111,467,043$8,130,881$2,917,580$77,822,786
89$122,745,196$8,437,808$2,923,834$85,504,736
90$135,170,839$8,756,894$2,927,415$93,961,792
91$148,860,925$9,088,642$2,928,143$103,272,721
92$163,944,333$9,433,579$2,925,830$113,524,315
93$180,563,087$9,792,256$2,920,277$124,812,205
94$198,873,690$10,165,245$2,911,275$137,241,768
95$219,048,610$10,553,146$2,898,606$150,929,117
96$241,277,901$10,956,582$2,882,042$166,002,192
97$265,770,999$11,376,207$2,861,342$182,601,976
98$292,758,699$11,812,700$2,836,256$200,883,812
99$322,495,335$12,266,771$2,806,519$221,018,880
100$355,261,179$12,739,162$2,771,857$243,195,801