Can I retire at age 43 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$143,688$142,408$141,159$139,940$138,750$137,818
2 years$71,132$69,808$68,524$67,279$66,071$65,131
3 years$46,951$45,620$44,339$43,106$41,918$40,999
4 years$34,862$33,536$32,268$31,056$29,897$29,006
5 years$27,611$26,292$25,041$23,854$22,727$21,867
6 years$22,778$21,470$20,237$19,076$17,983$17,155
7 years$19,328$18,030$16,817$15,683$14,625$13,829
8 years$16,741$15,455$14,262$13,156$12,133$11,370
9 years$14,730$13,457$12,284$11,206$10,218$9,487
10 years$13,122$11,861$10,709$9,660$8,706$8,007
11 years$11,808$10,559$9,428$8,407$7,487$6,819
12 years$10,713$9,478$8,367$7,374$6,488$5,851
13 years$9,788$8,565$7,476$6,510$5,658$5,051
14 years$8,995$7,785$6,717$5,779$4,960$4,382
15 years$8,309$7,112$6,065$5,154$4,367$3,818
16 years$7,709$6,525$5,498$4,615$3,860$3,338
17 years$7,180$6,009$5,003$4,146$3,422$2,928
18 years$6,711$5,553$4,567$3,737$3,043$2,574
19 years$6,291$5,146$4,181$3,376$2,712$2,269
20 years$5,914$4,782$3,837$3,058$2,423$2,003
21 years$5,573$4,455$3,530$2,775$2,168$1,772
22 years$5,263$4,158$3,253$2,523$1,943$1,570
23 years$4,981$3,889$3,004$2,298$1,744$1,392
24 years$4,723$3,644$2,778$2,096$1,568$1,236
25 years$4,486$3,419$2,573$1,914$1,411$1,099
26 years$4,267$3,214$2,386$1,750$1,271$978
27 years$4,065$3,025$2,216$1,602$1,146$871
28 years$3,878$2,850$2,060$1,468$1,034$776
29 years$3,704$2,689$1,917$1,346$934$692
30 years$3,542$2,539$1,786$1,235$843$617
31 years$3,391$2,400$1,665$1,135$763$551
32 years$3,249$2,271$1,553$1,043$690$492
33 years$3,116$2,151$1,450$959$624$439
34 years$2,991$2,039$1,355$882$565$392
35 years$2,874$1,934$1,267$812$512$351
36 years$2,764$1,835$1,185$748$464$314
37 years$2,659$1,743$1,109$689$420$280
38 years$2,561$1,656$1,039$635$381$251
39 years$2,467$1,575$973$586$346$224
40 years$2,379$1,499$912$540$313$201
41 years$2,295$1,427$855$498$284$180
42 years$2,215$1,359$802$460$258$161
43 years$2,139$1,294$753$425$234$144
44 years$2,067$1,234$707$392$213$129
45 years$1,999$1,177$664$362$193$115
46 years$1,933$1,122$623$334$175$103
47 years$1,871$1,071$585$309$159$92
48 years$1,811$1,023$550$286$145$83
49 years$1,754$977$517$264$131$74
50 years$1,699$933$486$244$119$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,740,000, adding $4,216 every year, while hoping to spend $22,442 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: 56/21/23 Blend
42$1,740,000$1,740,000$1,740,000$1,740,000
43$1,921,829$1,829,609$1,802,639$2,017,213
44$2,093,977$1,895,382$1,839,149$2,148,737
45$2,282,933$1,963,625$1,876,130$2,289,226
46$2,490,386$2,034,436$1,913,575$2,441,807
47$2,718,199$2,107,917$1,951,473$2,607,651
48$2,968,423$2,184,173$1,989,815$2,788,044
49$3,243,319$2,263,314$2,028,591$2,984,403
50$3,545,375$2,345,455$2,067,787$3,198,286
51$3,877,336$2,430,715$2,107,390$3,431,409
52$4,242,222$2,519,217$2,147,385$3,685,661
53$4,643,362$2,611,093$2,187,756$3,963,121
54$5,084,425$2,706,476$2,228,485$4,266,078
55$5,569,450$2,805,507$2,269,553$4,597,051
56$6,102,889$2,908,332$2,310,939$4,958,816
57$6,689,648$3,015,105$2,352,620$5,354,427
58$7,335,131$3,125,984$2,394,572$5,787,250
59$8,045,292$3,241,135$2,436,768$6,260,988
60$8,826,692$3,360,731$2,479,179$6,779,723
61$9,686,559$3,484,951$2,521,776$7,347,947
62$10,632,859$3,613,984$2,564,526$7,970,609
63$11,674,366$3,748,025$2,607,394$8,653,161
64$12,820,751$3,887,278$2,650,341$9,401,605
65$14,082,669$4,031,956$2,693,329$10,222,554
66$15,471,860$4,182,280$2,736,314$11,123,293
67$17,001,260$4,338,482$2,779,251$12,111,844
68$18,685,124$4,500,803$2,822,091$13,197,046
69$20,539,159$4,669,495$2,864,783$14,388,636
70$22,580,672$4,844,819$2,907,272$15,697,340
71$24,828,735$5,027,049$2,949,500$17,134,972
72$27,304,362$5,216,471$2,991,405$18,714,551
73$30,030,711$5,413,383$3,032,921$20,450,416
74$33,033,299$5,618,094$3,073,979$22,358,367
75$36,340,243$5,830,928$3,114,506$24,455,811
76$39,982,529$6,052,224$3,154,422$26,761,924
77$43,994,298$6,282,335$3,193,647$29,297,834
78$48,413,175$6,521,628$3,232,093$32,086,821
79$53,280,619$6,770,487$3,269,667$35,154,533
80$58,642,314$7,029,313$3,306,273$38,529,228
81$64,548,605$7,298,525$3,341,809$42,242,042
82$71,054,968$7,578,558$3,376,165$46,327,282
83$78,222,536$7,869,869$3,409,228$50,822,748
84$86,118,675$8,172,932$3,440,877$55,770,087
85$94,817,620$8,488,245$3,470,986$61,215,192
86$104,401,174$8,816,326$3,499,421$67,208,629
87$114,959,483$9,157,716$3,526,041$73,806,113
88$126,591,886$9,512,980$3,550,699$81,069,039
89$139,407,850$9,882,707$3,573,239$89,065,052
90$153,528,005$10,267,514$3,593,497$97,868,695
91$169,085,284$10,668,045$3,611,301$107,562,103
92$186,226,174$11,084,970$3,626,471$118,235,782
93$205,112,101$11,518,991$3,638,815$129,989,461
94$225,920,955$11,970,842$3,648,135$142,933,033
95$248,848,767$12,441,286$3,654,222$157,187,591
96$274,111,556$12,931,125$3,656,854$172,886,571
97$301,947,378$13,441,193$3,655,801$190,177,009
98$332,618,560$13,972,361$3,650,820$209,220,929
99$366,414,189$14,525,543$3,641,659$230,196,872
100$403,652,831$15,101,689$3,628,049$253,301,578