Can I retire at age 43 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$135,430$134,223$133,046$131,898$130,776$128,981
2 years$67,044$65,796$64,586$63,412$62,274$60,469
3 years$44,252$42,998$41,791$40,629$39,509$37,750
4 years$32,858$31,608$30,413$29,271$28,178$26,479
5 years$26,024$24,781$23,602$22,483$21,421$19,786
6 years$21,469$20,236$19,074$17,980$16,950$15,381
7 years$18,217$16,994$15,850$14,782$13,784$12,282
8 years$15,779$14,567$13,442$12,400$11,436$10,000
9 years$13,884$12,683$11,578$10,562$9,630$8,261
10 years$12,368$11,180$10,094$9,105$8,206$6,901
11 years$11,129$9,953$8,887$7,924$7,057$5,816
12 years$10,098$8,933$7,887$6,950$6,116$4,937
13 years$9,225$8,073$7,046$6,136$5,333$4,215
14 years$8,478$7,338$6,331$5,447$4,675$3,616
15 years$7,831$6,703$5,716$4,858$4,116$3,114
16 years$7,266$6,150$5,182$4,350$3,638$2,692
17 years$6,767$5,664$4,716$3,908$3,225$2,333
18 years$6,325$5,234$4,305$3,522$2,868$2,026
19 years$5,929$4,851$3,941$3,182$2,556$1,764
20 years$5,574$4,507$3,617$2,882$2,283$1,538
21 years$5,253$4,199$3,327$2,616$2,043$1,344
22 years$4,961$3,919$3,066$2,378$1,832$1,175
23 years$4,695$3,666$2,831$2,166$1,644$1,029
24 years$4,452$3,434$2,618$1,976$1,478$902
25 years$4,228$3,223$2,425$1,804$1,330$791
26 years$4,022$3,029$2,249$1,650$1,198$694
27 years$3,832$2,851$2,088$1,510$1,080$610
28 years$3,655$2,686$1,941$1,383$974$536
29 years$3,491$2,534$1,807$1,269$880$472
30 years$3,338$2,393$1,683$1,164$795$415
31 years$3,196$2,262$1,569$1,069$719$365
32 years$3,062$2,141$1,464$983$650$321
33 years$2,937$2,027$1,367$904$588$283
34 years$2,819$1,921$1,277$831$533$249
35 years$2,709$1,822$1,194$765$483$220
36 years$2,605$1,730$1,117$705$437$194
37 years$2,506$1,643$1,045$650$396$171
38 years$2,413$1,561$979$599$359$150
39 years$2,325$1,485$917$552$326$133
40 years$2,242$1,412$860$509$295$117
41 years$2,163$1,345$806$470$268$103
42 years$2,088$1,281$756$434$243$91
43 years$2,017$1,220$710$400$221$80
44 years$1,949$1,163$666$370$200$71
45 years$1,884$1,109$625$341$182$62
46 years$1,822$1,058$587$315$165$55
47 years$1,763$1,010$552$291$150$49
48 years$1,707$964$519$269$136$43
49 years$1,653$920$487$249$124$38
50 years$1,601$879$458$230$112$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,640,000, adding $5,740 every year, while hoping to spend $40,477 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: 34/43/23 Blend
42$1,640,000$1,640,000$1,640,000$1,640,000
43$1,813,201$1,726,281$1,700,861$1,861,971
44$1,955,080$1,767,801$1,714,772$1,940,274
45$2,110,074$1,810,000$1,727,793$2,020,563
46$2,279,479$1,852,867$1,739,851$2,106,327
47$2,464,719$1,896,390$1,750,870$2,198,076
48$2,667,365$1,940,558$1,760,768$2,296,373
49$2,889,145$1,985,354$1,769,463$2,401,840
50$3,131,962$2,030,761$1,776,864$2,515,160
51$3,397,913$2,076,759$1,782,880$2,637,088
52$3,689,305$2,123,325$1,787,411$2,768,456
53$4,008,680$2,170,434$1,790,356$2,910,179
54$4,358,838$2,218,058$1,791,605$3,063,269
55$4,742,863$2,266,166$1,791,047$3,228,840
56$5,164,149$2,314,723$1,788,562$3,408,120
57$5,626,439$2,363,690$1,784,025$3,602,466
58$6,133,852$2,413,027$1,777,306$3,813,369
59$6,690,927$2,462,688$1,768,268$4,042,479
60$7,302,663$2,512,621$1,756,767$4,291,611
61$7,974,568$2,562,773$1,742,652$4,562,768
62$8,712,709$2,613,084$1,725,766$4,858,161
63$9,523,769$2,663,489$1,705,943$5,180,224
64$10,415,113$2,713,919$1,683,011$5,531,643
65$11,394,850$2,764,297$1,656,788$5,915,382
66$12,471,919$2,814,542$1,627,084$6,334,707
67$13,656,165$2,864,564$1,593,701$6,793,219
68$14,958,435$2,914,269$1,556,432$7,294,890
69$16,390,681$2,963,554$1,515,058$7,844,102
70$17,966,071$3,012,309$1,469,353$8,445,683
71$19,699,112$3,060,413$1,419,078$9,104,959
72$21,605,788$3,107,741$1,363,984$9,827,804
73$23,703,713$3,154,155$1,303,812$10,620,692
74$26,012,292$3,199,508$1,238,289$11,490,765
75$28,552,905$3,243,644$1,167,132$12,445,894
76$31,349,113$3,286,394$1,090,043$13,494,761
77$34,426,875$3,327,579$1,006,711$14,646,938
78$37,814,793$3,367,007$916,812$15,912,978
79$41,544,384$3,404,473$820,008$17,304,517
80$45,650,377$3,439,758$715,944$18,834,385
81$50,171,038$3,472,629$604,251$20,516,726
82$55,148,532$3,502,836$484,541$22,367,135
83$60,629,322$3,530,115$356,414$24,402,805
84$66,664,606$3,554,183$219,446$26,642,692
85$73,310,798$3,574,740$73,200$29,107,694
86$80,630,063$3,591,466$0$31,820,850
87$88,690,902$3,604,021$0$34,827,896
88$97,568,799$3,612,043$0$38,156,988
89$107,346,932$3,615,148$0$41,821,134
90$118,116,956$3,612,928$0$45,854,491
91$129,979,873$3,604,949$0$50,294,705
92$143,046,980$3,590,751$0$55,183,269
93$157,440,921$3,569,847$0$60,565,913
94$173,296,842$3,541,717$0$66,493,041
95$190,763,671$3,505,812$0$73,020,203
96$210,005,519$3,461,550$0$80,208,623
97$231,203,231$3,408,315$0$88,125,783
98$254,556,089$3,345,450$0$96,846,052
99$280,283,697$3,272,265$0$106,451,399
100$308,628,052$3,188,024$0$117,032,162