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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$135,430$134,223$133,046$131,898$130,776$126,793
2 years$67,044$65,796$64,586$63,412$62,274$58,296
3 years$44,252$42,998$41,791$40,629$39,509$35,660
4 years$32,858$31,608$30,413$29,271$28,178$24,487
5 years$26,024$24,781$23,602$22,483$21,421$17,899
6 years$21,469$20,236$19,074$17,980$16,950$13,599
7 years$18,217$16,994$15,850$14,782$13,784$10,606
8 years$15,779$14,567$13,442$12,400$11,436$8,426
9 years$13,884$12,683$11,578$10,562$9,630$6,787
10 years$12,368$11,180$10,094$9,105$8,206$5,525
11 years$11,129$9,953$8,887$7,924$7,057$4,534
12 years$10,098$8,933$7,887$6,950$6,116$3,745
13 years$9,225$8,073$7,046$6,136$5,333$3,109
14 years$8,478$7,338$6,331$5,447$4,675$2,592
15 years$7,831$6,703$5,716$4,858$4,116$2,168
16 years$7,266$6,150$5,182$4,350$3,638$1,819
17 years$6,767$5,664$4,716$3,908$3,225$1,529
18 years$6,325$5,234$4,305$3,522$2,868$1,288
19 years$5,929$4,851$3,941$3,182$2,556$1,087
20 years$5,574$4,507$3,617$2,882$2,283$918
21 years$5,253$4,199$3,327$2,616$2,043$777
22 years$4,961$3,919$3,066$2,378$1,832$658
23 years$4,695$3,666$2,831$2,166$1,644$557
24 years$4,452$3,434$2,618$1,976$1,478$472
25 years$4,228$3,223$2,425$1,804$1,330$401
26 years$4,022$3,029$2,249$1,650$1,198$340
27 years$3,832$2,851$2,088$1,510$1,080$289
28 years$3,655$2,686$1,941$1,383$974$245
29 years$3,491$2,534$1,807$1,269$880$208
30 years$3,338$2,393$1,683$1,164$795$177
31 years$3,196$2,262$1,569$1,069$719$151
32 years$3,062$2,141$1,464$983$650$128
33 years$2,937$2,027$1,367$904$588$109
34 years$2,819$1,921$1,277$831$533$93
35 years$2,709$1,822$1,194$765$483$79
36 years$2,605$1,730$1,117$705$437$67
37 years$2,506$1,643$1,045$650$396$57
38 years$2,413$1,561$979$599$359$48
39 years$2,325$1,485$917$552$326$41
40 years$2,242$1,412$860$509$295$35
41 years$2,163$1,345$806$470$268$30
42 years$2,088$1,281$756$434$243$25
43 years$2,017$1,220$710$400$221$22
44 years$1,949$1,163$666$370$200$18
45 years$1,884$1,109$625$341$182$16
46 years$1,822$1,058$587$315$165$13
47 years$1,763$1,010$552$291$150$11
48 years$1,707$964$519$269$136$10
49 years$1,653$920$487$249$124$8
50 years$1,601$879$458$230$112$7

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 $5,125 every year, while hoping to spend $38,875 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: 52/24/24 Blend
42$1,640,000$1,640,000$1,640,000$1,640,000
43$1,812,566$1,725,646$1,700,226$1,894,461
44$1,956,086$1,768,840$1,715,821$1,994,844
45$2,112,941$1,812,848$1,730,636$2,099,577
46$2,284,451$1,857,668$1,744,602$2,212,705
47$2,472,069$1,903,298$1,757,651$2,335,043
48$2,677,394$1,949,733$1,769,706$2,467,488
49$2,902,188$1,996,970$1,780,690$2,611,027
50$3,148,388$2,044,999$1,790,521$2,766,751
51$3,418,132$2,093,812$1,799,112$2,935,860
52$3,713,771$2,143,398$1,806,372$3,119,675
53$4,037,895$2,193,744$1,812,205$3,319,655
54$4,393,358$2,244,835$1,816,511$3,537,405
55$4,783,301$2,296,652$1,819,184$3,774,696
56$5,211,185$2,349,176$1,820,115$4,033,479
57$5,680,823$2,402,383$1,819,186$4,315,903
58$6,196,415$2,456,247$1,816,276$4,624,338
59$6,762,585$2,510,739$1,811,257$4,961,397
60$7,384,430$2,565,827$1,803,996$5,329,958
61$8,067,564$2,621,474$1,794,351$5,733,194
62$8,818,169$2,677,640$1,782,176$6,174,602
63$9,643,059$2,734,281$1,767,315$6,658,037
64$10,549,739$2,791,349$1,749,609$7,187,748
65$11,546,478$2,848,790$1,728,886$7,768,417
66$12,642,385$2,906,547$1,704,970$8,405,206
67$13,847,497$2,964,557$1,677,675$9,103,806
68$15,172,871$3,022,750$1,646,807$9,870,486
69$16,630,691$3,081,051$1,612,162$10,712,159
70$18,234,379$3,139,381$1,573,527$11,636,445
71$19,998,726$3,197,650$1,530,679$12,651,740
72$21,940,025$3,255,764$1,483,387$13,767,302
73$24,076,232$3,313,621$1,431,405$14,993,333
74$26,427,129$3,371,110$1,374,478$16,341,078
75$29,014,515$3,428,113$1,312,341$17,822,932
76$31,862,405$3,484,500$1,244,715$19,452,558
77$34,997,266$3,540,136$1,171,308$21,245,013
78$38,448,256$3,594,872$1,091,816$23,216,896
79$42,247,508$3,648,550$1,005,921$25,386,500
80$46,430,425$3,701,001$913,291$27,773,989
81$51,036,021$3,752,042$813,579$30,401,587
82$56,107,282$3,801,479$706,421$33,293,789
83$61,691,579$3,849,105$591,440$36,477,593
84$67,841,106$3,894,698$468,239$39,982,756
85$74,613,380$3,938,019$336,406$43,842,074
86$82,071,779$3,978,816$195,510$48,091,697
87$90,286,142$4,016,819$45,101$52,771,465
88$99,333,425$4,051,740$0$57,925,288
89$109,298,431$4,083,273$0$63,631,119
90$120,274,608$4,111,089$0$69,926,988
91$132,364,928$4,134,843$0$76,860,255
92$145,682,863$4,154,163$0$84,495,848
93$160,353,455$4,168,656$0$92,905,321
94$176,514,491$4,177,904$0$102,167,526
95$194,317,810$4,181,463$0$112,369,360
96$213,930,731$4,178,859$0$123,606,582
97$235,537,634$4,169,591$0$135,984,723
98$259,341,698$4,153,127$0$149,620,079
99$285,566,824$4,128,902$0$164,640,807
100$314,459,738$4,096,317$0$181,188,142