Can I retire at age 43 with 1,560,000?

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 $1,560,000?

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$128,823$127,676$126,556$125,464$124,397$123,251
2 years$63,774$62,586$61,435$60,319$59,236$58,083
3 years$42,094$40,901$39,753$38,647$37,582$36,455
4 years$31,256$30,066$28,930$27,843$26,804$25,713
5 years$24,754$23,572$22,451$21,386$20,376$19,324
6 years$20,422$19,249$18,143$17,103$16,123$15,111
7 years$17,328$16,165$15,077$14,061$13,112$12,141
8 years$15,009$13,856$12,787$11,795$10,878$9,948
9 years$13,206$12,064$11,013$10,047$9,161$8,271
10 years$11,765$10,634$9,602$8,661$7,805$6,956
11 years$10,586$9,467$8,453$7,537$6,713$5,903
12 years$9,605$8,497$7,502$6,611$5,817$5,045
13 years$8,775$7,679$6,702$5,837$5,073$4,338
14 years$8,065$6,980$6,022$5,181$4,447$3,749
15 years$7,449$6,376$5,437$4,621$3,915$3,253
16 years$6,911$5,850$4,930$4,137$3,460$2,833
17 years$6,437$5,388$4,486$3,717$3,068$2,474
18 years$6,016$4,979$4,095$3,350$2,728$2,166
19 years$5,640$4,614$3,749$3,027$2,432$1,901
20 years$5,302$4,288$3,440$2,742$2,172$1,671
21 years$4,996$3,994$3,164$2,488$1,944$1,472
22 years$4,719$3,728$2,917$2,262$1,742$1,298
23 years$4,466$3,487$2,693$2,060$1,564$1,146
24 years$4,235$3,267$2,491$1,879$1,406$1,013
25 years$4,022$3,066$2,307$1,716$1,265$896
26 years$3,826$2,881$2,139$1,569$1,139$794
27 years$3,645$2,712$1,987$1,436$1,027$703
28 years$3,477$2,555$1,847$1,316$927$624
29 years$3,321$2,411$1,719$1,207$837$553
30 years$3,175$2,276$1,601$1,108$756$491
31 years$3,040$2,152$1,492$1,017$684$436
32 years$2,913$2,036$1,392$935$618$388
33 years$2,794$1,928$1,300$860$560$345
34 years$2,682$1,828$1,215$791$507$306
35 years$2,577$1,733$1,136$728$459$272
36 years$2,478$1,645$1,062$671$416$242
37 years$2,384$1,563$994$618$377$216
38 years$2,296$1,485$931$569$342$192
39 years$2,212$1,412$872$525$310$171
40 years$2,133$1,344$818$484$281$152
41 years$2,058$1,279$767$447$255$135
42 years$1,986$1,218$719$412$231$120
43 years$1,918$1,161$675$381$210$107
44 years$1,854$1,106$634$351$191$96
45 years$1,792$1,055$595$325$173$85
46 years$1,733$1,006$559$300$157$76
47 years$1,677$960$525$277$143$68
48 years$1,623$917$493$256$130$60
49 years$1,572$875$464$237$118$54
50 years$1,523$836$436$219$107$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,560,000, adding $2,854 every year, while hoping to spend $47,595 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: 41/30/29 Blend
42$1,560,000$1,560,000$1,560,000$1,560,000
43$1,722,064$1,639,384$1,615,204$1,777,883
44$1,847,074$1,669,073$1,618,673$1,848,297
45$1,983,239$1,698,622$1,620,662$1,919,820
46$2,131,648$1,727,973$1,621,073$1,996,343
47$2,293,498$1,757,065$1,619,800$2,078,356
48$2,470,105$1,785,832$1,616,734$2,166,401
49$2,662,921$1,814,202$1,611,760$2,261,076
50$2,873,541$1,842,100$1,604,756$2,363,042
51$3,103,723$1,869,444$1,595,596$2,473,029
52$3,355,401$1,896,145$1,584,147$2,591,846
53$3,630,706$1,922,111$1,570,270$2,720,382
54$3,931,984$1,947,240$1,553,820$2,859,622
55$4,261,817$1,971,425$1,534,643$3,010,655
56$4,623,048$1,994,551$1,512,580$3,174,680
57$5,018,811$2,016,496$1,487,463$3,353,026
58$5,452,555$2,037,129$1,459,118$3,547,155
59$5,928,078$2,056,311$1,427,361$3,758,688
60$6,449,564$2,073,892$1,392,000$3,989,408
61$7,021,622$2,089,715$1,352,834$4,241,290
62$7,649,326$2,103,610$1,309,653$4,516,509
63$8,338,269$2,115,399$1,262,238$4,817,471
64$9,094,609$2,124,890$1,210,359$5,146,829
65$9,925,129$2,131,879$1,153,776$5,507,512
66$10,837,303$2,136,152$1,092,238$5,902,753
67$11,839,362$2,137,477$1,025,482$6,336,122
68$12,940,376$2,135,613$953,235$6,811,557
69$14,150,335$2,130,299$875,210$7,333,406
70$15,480,247$2,121,261$791,106$7,906,465
71$16,942,236$2,108,207$700,613$8,536,027
72$18,549,664$2,090,828$603,403$9,227,935
73$20,317,247$2,068,797$499,134$9,988,632
74$22,261,203$2,041,764$387,452$10,825,230
75$24,399,397$2,009,362$267,983$11,745,573
76$26,751,515$1,971,201$140,341$12,758,318
77$29,339,246$1,926,866$4,118$13,873,011
78$32,186,486$1,875,919$0$15,100,186
79$35,319,566$1,817,898$0$16,495,170
80$38,767,497$1,752,310$0$18,031,271
81$42,562,244$1,678,636$0$19,721,491
82$46,739,031$1,596,327$0$21,581,571
83$51,336,666$1,504,800$0$23,628,861
84$56,397,913$1,403,442$0$25,882,488
85$61,969,891$1,291,603$0$28,363,535
86$68,104,522$1,168,593$0$31,095,245
87$74,859,018$1,033,688$0$34,103,236
88$82,296,418$886,120$0$37,415,749
89$90,486,189$725,076$0$41,063,914
90$99,504,877$549,701$0$45,082,043
91$109,436,827$359,089$0$49,507,960
92$120,374,983$152,285$0$54,383,356
93$132,421,763$0$0$59,754,187
94$145,690,023$0$0$65,694,783
95$160,304,124$0$0$72,293,603
96$176,401,106$0$0$79,562,289
97$194,131,978$0$0$87,569,065
98$213,663,145$0$0$96,389,112
99$235,177,976$0$0$106,105,275
100$258,878,538$0$0$116,808,849