Can I retire at age 43 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$132,127$130,950$129,801$128,681$127,586$123,750
2 years$65,409$64,191$63,010$61,866$60,755$56,923
3 years$43,173$41,950$40,772$39,638$38,546$34,837
4 years$32,057$30,837$29,671$28,557$27,491$23,934
5 years$25,389$24,177$23,026$21,934$20,898$17,503
6 years$20,945$19,742$18,609$17,541$16,536$13,306
7 years$17,773$16,579$15,464$14,422$13,448$10,383
8 years$15,394$14,212$13,115$12,098$11,157$8,254
9 years$13,545$12,374$11,296$10,305$9,396$6,653
10 years$12,067$10,907$9,848$8,883$8,005$5,419
11 years$10,858$9,710$8,670$7,731$6,885$4,450
12 years$9,851$8,715$7,694$6,781$5,966$3,678
13 years$9,000$7,876$6,874$5,986$5,203$3,055
14 years$8,271$7,159$6,177$5,314$4,561$2,549
15 years$7,640$6,540$5,577$4,739$4,016$2,134
16 years$7,089$6,000$5,056$4,243$3,549$1,791
17 years$6,602$5,526$4,601$3,813$3,147$1,507
18 years$6,171$5,106$4,200$3,436$2,798$1,270
19 years$5,785$4,732$3,845$3,105$2,494$1,073
20 years$5,438$4,398$3,529$2,812$2,228$907
21 years$5,124$4,096$3,246$2,552$1,993$768
22 years$4,840$3,824$2,991$2,320$1,787$651
23 years$4,581$3,576$2,762$2,113$1,604$552
24 years$4,343$3,351$2,554$1,927$1,442$468
25 years$4,125$3,144$2,366$1,760$1,297$397
26 years$3,924$2,955$2,194$1,609$1,169$338
27 years$3,738$2,781$2,038$1,473$1,054$287
28 years$3,566$2,621$1,894$1,350$951$244
29 years$3,406$2,472$1,763$1,238$858$207
30 years$3,257$2,335$1,642$1,136$776$176
31 years$3,118$2,207$1,531$1,043$701$150
32 years$2,987$2,088$1,428$959$634$128
33 years$2,865$1,978$1,333$882$574$109
34 years$2,751$1,875$1,246$811$520$93
35 years$2,643$1,778$1,165$747$471$79
36 years$2,541$1,688$1,090$688$427$67
37 years$2,445$1,603$1,020$634$387$57
38 years$2,355$1,523$955$584$350$49
39 years$2,269$1,448$895$539$318$41
40 years$2,187$1,378$839$497$288$35
41 years$2,110$1,312$786$458$262$30
42 years$2,037$1,249$738$423$237$26
43 years$1,967$1,190$692$390$215$22
44 years$1,901$1,135$650$361$195$19
45 years$1,838$1,082$610$333$177$16
46 years$1,778$1,032$573$308$161$13
47 years$1,720$985$538$284$146$11
48 years$1,665$940$506$263$133$10
49 years$1,612$898$476$243$121$8
50 years$1,562$858$447$224$110$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,600,000, adding $6,442 every year, while hoping to spend $51,291 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: 46/40/14 Blend
42$1,600,000$1,600,000$1,600,000$1,600,000
43$1,769,845$1,685,045$1,660,245$1,843,962
44$1,895,796$1,713,039$1,661,290$1,924,066
45$2,032,875$1,740,686$1,660,651$2,005,185
46$2,182,163$1,767,914$1,658,217$2,092,061
47$2,344,849$1,794,647$1,653,873$2,185,248
48$2,522,242$1,820,803$1,647,496$2,285,360
49$2,715,783$1,846,295$1,638,960$2,393,069
50$2,927,058$1,871,029$1,628,131$2,509,123
51$3,157,813$1,894,904$1,614,868$2,634,344
52$3,409,969$1,917,813$1,599,024$2,769,639
53$3,685,641$1,939,642$1,580,447$2,916,011
54$3,987,159$1,960,267$1,558,975$3,074,566
55$4,317,088$1,979,559$1,534,440$3,246,526
56$4,678,252$1,997,378$1,506,665$3,433,237
57$5,073,761$2,013,577$1,475,465$3,636,189
58$5,507,039$2,027,996$1,440,647$3,857,021
59$5,981,857$2,040,468$1,402,009$4,097,548
60$6,502,369$2,050,814$1,359,339$4,359,768
61$7,073,150$2,058,843$1,312,416$4,645,890
62$7,699,239$2,064,354$1,261,009$4,958,348
63$8,386,184$2,067,130$1,204,876$5,299,831
64$9,140,098$2,066,943$1,143,763$5,673,305
65$9,967,715$2,063,550$1,077,406$6,082,044
66$10,876,452$2,056,694$1,005,529$6,529,659
67$11,874,480$2,046,101$927,843$7,020,136
68$12,970,797$2,031,481$844,047$7,557,872
69$14,175,321$2,012,526$753,825$8,147,719
70$15,498,973$1,988,909$656,847$8,795,029
71$16,953,788$1,960,285$552,771$9,505,708
72$18,553,022$1,926,286$441,237$10,286,271
73$20,311,281$1,886,525$321,869$11,143,905
74$22,244,657$1,840,591$194,277$12,086,537
75$24,370,878$1,788,046$58,052$13,122,913
76$26,709,478$1,728,431$0$14,262,681
77$29,281,978$1,661,257$0$15,529,524
78$32,112,089$1,586,007$0$16,932,238
79$35,225,936$1,502,136$0$18,475,154
80$38,652,306$1,409,065$0$20,172,623
81$42,422,915$1,306,183$0$22,040,465
82$46,572,711$1,192,844$0$24,096,125
83$51,140,200$1,068,366$0$26,358,835
84$56,167,810$932,026$0$28,849,799
85$61,702,293$783,061$0$31,592,397
86$67,795,162$620,667$0$34,612,403
87$74,503,180$443,991$0$37,938,234
88$81,888,892$252,134$0$41,601,216
89$90,021,218$44,148$0$45,635,890
90$98,976,101$0$0$50,080,329
91$108,837,222$0$0$55,056,166
92$119,696,793$0$0$60,557,459
93$131,656,422$0$0$66,616,278
94$144,828,077$0$0$73,289,379
95$159,335,135$0$0$80,639,300
96$175,313,552$0$0$88,734,957
97$192,913,145$0$0$97,652,291
98$212,299,000$0$0$107,474,982
99$233,653,038$0$0$118,295,247
100$257,175,723$0$0$130,214,700