Can I retire at age 43 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$161,029$159,595$158,195$156,829$155,496$149,444
2 years$79,717$78,233$76,794$75,399$74,046$68,022
3 years$52,617$51,126$49,691$48,309$46,978$41,171
4 years$39,070$37,583$36,162$34,804$33,505$27,960
5 years$30,943$29,466$28,063$26,733$25,470$20,201
6 years$25,527$24,061$22,679$21,378$20,153$15,164
7 years$21,660$20,206$18,847$17,576$16,390$11,678
8 years$18,761$17,320$15,983$14,744$13,597$9,158
9 years$16,508$15,081$13,767$12,559$11,451$7,279
10 years$14,706$13,293$12,002$10,826$9,757$5,843
11 years$13,233$11,834$10,566$9,422$8,391$4,727
12 years$12,006$10,621$9,377$8,264$7,271$3,847
13 years$10,969$9,599$8,378$7,296$6,341$3,146
14 years$10,081$8,725$7,528$6,477$5,558$2,583
15 years$9,312$7,970$6,797$5,776$4,894$2,127
16 years$8,639$7,313$6,162$5,172$4,325$1,756
17 years$8,047$6,735$5,607$4,647$3,835$1,453
18 years$7,520$6,223$5,119$4,188$3,410$1,204
19 years$7,050$5,768$4,686$3,784$3,039$999
20 years$6,627$5,359$4,300$3,427$2,715$830
21 years$6,245$4,992$3,956$3,110$2,430$690
22 years$5,899$4,660$3,646$2,828$2,178$574
23 years$5,583$4,358$3,366$2,575$1,955$478
24 years$5,293$4,084$3,113$2,349$1,757$399
25 years$5,027$3,832$2,883$2,145$1,581$332
26 years$4,782$3,602$2,674$1,961$1,424$277
27 years$4,556$3,390$2,483$1,795$1,284$231
28 years$4,346$3,194$2,308$1,645$1,159$193
29 years$4,151$3,013$2,148$1,508$1,046$161
30 years$3,969$2,846$2,001$1,384$945$134
31 years$3,800$2,690$1,865$1,271$855$112
32 years$3,641$2,545$1,741$1,169$773$94
33 years$3,492$2,410$1,625$1,075$700$78
34 years$3,352$2,285$1,518$989$633$65
35 years$3,221$2,167$1,420$910$574$55
36 years$3,097$2,057$1,328$838$520$46
37 years$2,980$1,953$1,243$772$471$38
38 years$2,870$1,856$1,164$712$427$32
39 years$2,765$1,765$1,091$656$387$27
40 years$2,666$1,679$1,022$605$351$22
41 years$2,572$1,599$958$559$319$19
42 years$2,483$1,523$899$515$289$15
43 years$2,398$1,451$844$476$262$13
44 years$2,317$1,383$792$439$238$11
45 years$2,240$1,319$744$406$216$9
46 years$2,166$1,258$698$375$196$8
47 years$2,096$1,200$656$346$178$6
48 years$2,029$1,146$617$320$162$5
49 years$1,965$1,094$580$296$147$4
50 years$1,904$1,045$545$273$134$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,950,000, adding $4,591 every year, while hoping to spend $57,161 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: 54/26/20 Blend
42$1,950,000$1,950,000$1,950,000$1,950,000
43$2,153,636$2,050,286$2,020,061$2,257,974
44$2,312,488$2,089,931$2,026,914$2,369,618
45$2,485,627$2,129,603$2,032,081$2,484,681
46$2,674,450$2,169,242$2,035,445$2,608,699
47$2,880,494$2,208,786$2,036,883$2,742,547
48$3,105,453$2,248,165$2,036,267$2,887,185
49$3,351,189$2,287,304$2,033,461$3,043,674
50$3,619,752$2,326,124$2,028,324$3,213,183
51$3,913,402$2,364,539$2,020,708$3,397,003
52$4,234,623$2,402,456$2,010,456$3,596,555
53$4,586,153$2,439,775$1,997,405$3,813,408
54$4,971,007$2,476,391$1,981,384$4,049,290
55$5,392,504$2,512,188$1,962,215$4,306,110
56$5,854,299$2,547,044$1,939,708$4,585,970
57$6,360,417$2,580,829$1,913,668$4,891,190
58$6,915,292$2,613,402$1,883,889$5,224,328
59$7,523,807$2,644,614$1,850,154$5,588,203
60$8,191,340$2,674,305$1,812,239$5,985,926
61$8,923,814$2,702,303$1,769,906$6,420,928
62$9,727,755$2,728,428$1,722,910$6,896,990
63$10,610,350$2,752,485$1,670,991$7,418,284
64$11,579,516$2,774,267$1,613,880$7,989,408
65$12,643,975$2,793,554$1,551,293$8,615,436
66$13,813,334$2,810,112$1,482,935$9,301,958
67$15,098,177$2,823,690$1,408,496$10,055,142
68$16,510,164$2,834,025$1,327,654$10,881,787
69$18,062,142$2,840,833$1,240,071$11,789,392
70$19,768,261$2,843,814$1,145,395$12,786,223
71$21,644,114$2,842,651$1,043,255$13,881,395
72$23,706,877$2,837,005$933,268$15,084,960
73$25,975,477$2,826,516$815,031$16,407,999
74$28,470,765$2,810,805$688,124$17,862,728
75$31,215,714$2,789,466$552,107$19,462,620
76$34,235,637$2,762,070$406,523$21,222,526
77$37,558,425$2,728,164$250,894$23,158,819
78$41,214,805$2,687,265$84,720$25,289,552
79$45,238,637$2,638,862$0$27,634,627
80$49,667,227$2,582,416$0$30,235,749
81$54,541,682$2,517,352$0$33,117,921
82$59,907,296$2,443,065$0$36,289,832
83$65,813,978$2,358,912$0$39,781,005
84$72,316,719$2,264,214$0$43,623,979
85$79,476,115$2,158,252$0$47,854,617
86$87,358,938$2,040,265$0$52,512,445
87$96,038,760$1,909,449$0$57,641,023
88$105,596,655$1,764,953$0$63,288,364
89$116,121,956$1,605,878$0$69,507,383
90$127,713,103$1,431,274$0$76,356,398
91$140,478,568$1,240,134$0$83,899,685
92$154,537,880$1,031,399$0$92,208,083
93$170,022,753$803,947$0$101,359,663
94$187,078,326$556,593$0$111,440,473
95$205,864,535$288,085$0$122,545,344
96$226,557,620$0$0$134,778,791
97$249,351,789$0$0$148,256,831
98$274,461,051$0$0$163,194,836
99$302,121,231$0$0$179,650,716
100$332,592,202$0$0$197,779,111