Can I retire at age 43 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$160,203$158,776$157,384$156,025$154,698$151,948
2 years$79,309$77,832$76,400$75,012$73,666$70,904
3 years$52,347$50,864$49,436$48,061$46,737$44,050
4 years$38,869$37,390$35,977$34,625$33,333$30,742
5 years$30,784$29,314$27,919$26,596$25,339$22,851
6 years$25,396$23,937$22,563$21,269$20,050$17,668
7 years$21,549$20,103$18,750$17,486$16,306$14,030
8 years$18,665$17,232$15,901$14,669$13,527$11,357
9 years$16,423$15,003$13,696$12,494$11,392$9,326
10 years$14,631$13,225$11,940$10,770$9,707$7,744
11 years$13,165$11,773$10,512$9,373$8,348$6,486
12 years$11,945$10,567$9,329$8,222$7,234$5,470
13 years$10,913$9,549$8,335$7,259$6,308$4,640
14 years$10,029$8,680$7,489$6,443$5,530$3,954
15 years$9,264$7,929$6,762$5,746$4,869$3,382
16 years$8,595$7,275$6,130$5,145$4,303$2,902
17 years$8,005$6,700$5,578$4,623$3,816$2,497
18 years$7,482$6,191$5,092$4,166$3,393$2,154
19 years$7,014$5,738$4,662$3,765$3,024$1,861
20 years$6,593$5,332$4,278$3,409$2,701$1,611
21 years$6,213$4,967$3,935$3,094$2,417$1,397
22 years$5,868$4,636$3,627$2,813$2,167$1,212
23 years$5,554$4,336$3,349$2,562$1,945$1,053
24 years$5,266$4,063$3,097$2,337$1,748$916
25 years$5,002$3,813$2,869$2,134$1,573$797
26 years$4,758$3,583$2,660$1,951$1,417$694
27 years$4,533$3,372$2,470$1,786$1,277$605
28 years$4,324$3,178$2,297$1,637$1,153$527
29 years$4,130$2,998$2,137$1,501$1,041$460
30 years$3,949$2,831$1,991$1,377$940$401
31 years$3,780$2,676$1,856$1,265$850$350
32 years$3,622$2,532$1,732$1,163$769$306
33 years$3,474$2,398$1,617$1,069$696$267
34 years$3,335$2,273$1,511$984$630$233
35 years$3,204$2,156$1,412$905$571$204
36 years$3,081$2,046$1,321$834$517$178
37 years$2,965$1,943$1,237$768$469$156
38 years$2,855$1,847$1,158$708$425$136
39 years$2,751$1,756$1,085$653$385$119
40 years$2,652$1,671$1,017$602$350$104
41 years$2,559$1,591$954$556$317$91
42 years$2,470$1,515$894$513$288$80
43 years$2,385$1,443$839$473$261$70
44 years$2,305$1,376$788$437$237$61
45 years$2,228$1,312$740$404$215$53
46 years$2,155$1,251$695$373$195$47
47 years$2,086$1,194$653$345$177$41
48 years$2,019$1,140$613$318$161$36
49 years$1,955$1,089$577$294$146$31
50 years$1,894$1,040$542$272$133$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,940,000, adding $3,662 every year, while hoping to spend $51,224 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: 50/45/5 Blend
42$1,940,000$1,940,000$1,940,000$1,940,000
43$2,141,657$2,038,837$2,008,767$2,246,007
44$2,305,604$2,084,238$2,021,559$2,362,790
45$2,484,557$2,130,147$2,033,063$2,483,787
46$2,679,993$2,176,535$2,043,181$2,614,024
47$2,893,536$2,223,369$2,051,811$2,754,376
48$3,126,976$2,270,613$2,058,846$2,905,808
49$3,382,283$2,318,229$2,064,173$3,069,380
50$3,661,627$2,366,174$2,067,674$3,246,261
51$3,967,396$2,414,399$2,069,224$3,437,740
52$4,302,221$2,462,855$2,068,693$3,645,234
53$4,668,997$2,511,485$2,065,945$3,870,305
54$5,070,915$2,560,228$2,060,834$4,114,677
55$5,511,487$2,609,018$2,053,211$4,380,245
56$5,994,583$2,657,784$2,042,918$4,669,099
57$6,524,464$2,706,449$2,029,789$4,983,544
58$7,105,824$2,754,929$2,013,651$5,326,116
59$7,743,832$2,803,135$1,994,322$5,699,613
60$8,444,183$2,850,969$1,971,612$6,107,117
61$9,213,150$2,898,326$1,945,321$6,552,025
62$10,057,642$2,945,096$1,915,241$7,038,081
63$10,985,273$2,991,157$1,881,153$7,569,411
64$12,004,427$3,036,380$1,842,828$8,150,563
65$13,124,343$3,080,626$1,800,027$8,786,550
66$14,355,197$3,123,748$1,752,499$9,482,897
67$15,708,202$3,165,586$1,699,982$10,245,692
68$17,195,709$3,205,971$1,642,202$11,081,648
69$18,831,328$3,244,720$1,578,873$11,998,164
70$20,630,053$3,281,641$1,509,694$13,003,393
71$22,608,402$3,316,525$1,434,353$14,106,325
72$24,784,577$3,349,152$1,352,521$15,316,866
73$27,178,630$3,379,287$1,263,857$16,645,939
74$29,812,656$3,406,678$1,168,002$18,105,579
75$32,711,000$3,431,058$1,064,584$19,709,056
76$35,900,485$3,452,143$953,210$21,470,996
77$39,410,665$3,469,629$833,473$23,407,518
78$43,274,107$3,483,194$704,948$25,536,393
79$47,526,691$3,492,496$567,189$27,877,208
80$52,207,956$3,497,171$419,732$30,451,551
81$57,361,466$3,496,831$262,092$33,283,221
82$63,035,226$3,491,066$93,762$36,398,447
83$69,282,130$3,479,439$0$39,826,141
84$76,160,464$3,461,488$0$43,602,754
85$83,734,451$3,436,721$0$47,764,467
86$92,074,863$3,404,618$0$52,345,021
87$101,259,681$3,364,626$0$57,387,123
88$111,374,835$3,316,160$0$62,937,845
89$122,515,015$3,258,599$0$69,049,067
90$134,784,562$3,191,285$0$75,777,972
91$148,298,452$3,113,524$0$83,187,583
92$163,183,385$3,024,576$0$91,347,363
93$179,578,972$2,923,663$0$100,333,871
94$197,639,063$2,809,958$0$110,231,487
95$217,533,188$2,682,586$0$121,133,211
96$239,448,165$2,540,625$0$133,141,543
97$263,589,857$2,383,094$0$146,369,451
98$290,185,117$2,208,961$0$160,941,445
99$319,483,931$2,017,132$0$176,994,750
100$351,761,772$1,806,452$0$194,680,606