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

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$161,029$159,595$158,195$156,829$155,496$149,326
2 years$79,717$78,233$76,794$75,399$74,046$67,906
3 years$52,617$51,126$49,691$48,309$46,978$41,062
4 years$39,070$37,583$36,162$34,804$33,505$27,858
5 years$30,943$29,466$28,063$26,733$25,470$20,106
6 years$25,527$24,061$22,679$21,378$20,153$15,076
7 years$21,660$20,206$18,847$17,576$16,390$11,597
8 years$18,761$17,320$15,983$14,744$13,597$9,084
9 years$16,508$15,081$13,767$12,559$11,451$7,210
10 years$14,706$13,293$12,002$10,826$9,757$5,781
11 years$13,233$11,834$10,566$9,422$8,391$4,671
12 years$12,006$10,621$9,377$8,264$7,271$3,796
13 years$10,969$9,599$8,378$7,296$6,341$3,101
14 years$10,081$8,725$7,528$6,477$5,558$2,542
15 years$9,312$7,970$6,797$5,776$4,894$2,090
16 years$8,639$7,313$6,162$5,172$4,325$1,723
17 years$8,047$6,735$5,607$4,647$3,835$1,424
18 years$7,520$6,223$5,119$4,188$3,410$1,178
19 years$7,050$5,768$4,686$3,784$3,039$976
20 years$6,627$5,359$4,300$3,427$2,715$810
21 years$6,245$4,992$3,956$3,110$2,430$672
22 years$5,899$4,660$3,646$2,828$2,178$559
23 years$5,583$4,358$3,366$2,575$1,955$464
24 years$5,293$4,084$3,113$2,349$1,757$386
25 years$5,027$3,832$2,883$2,145$1,581$322
26 years$4,782$3,602$2,674$1,961$1,424$268
27 years$4,556$3,390$2,483$1,795$1,284$223
28 years$4,346$3,194$2,308$1,645$1,159$186
29 years$4,151$3,013$2,148$1,508$1,046$155
30 years$3,969$2,846$2,001$1,384$945$129
31 years$3,800$2,690$1,865$1,271$855$107
32 years$3,641$2,545$1,741$1,169$773$90
33 years$3,492$2,410$1,625$1,075$700$75
34 years$3,352$2,285$1,518$989$633$62
35 years$3,221$2,167$1,420$910$574$52
36 years$3,097$2,057$1,328$838$520$43
37 years$2,980$1,953$1,243$772$471$36
38 years$2,870$1,856$1,164$712$427$30
39 years$2,765$1,765$1,091$656$387$25
40 years$2,666$1,679$1,022$605$351$21
41 years$2,572$1,599$958$559$319$17
42 years$2,483$1,523$899$515$289$15
43 years$2,398$1,451$844$476$262$12
44 years$2,317$1,383$792$439$238$10
45 years$2,240$1,319$744$406$216$8
46 years$2,166$1,258$698$375$196$7
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$3

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 $5,583 every year, while hoping to spend $50,989 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: 75/8/17 Blend
42$1,950,000$1,950,000$1,950,000$1,950,000
43$2,154,659$2,051,309$2,021,084$2,307,570
44$2,320,182$2,097,571$2,034,538$2,455,789
45$2,500,880$2,144,391$2,046,734$2,611,355
46$2,698,246$2,191,743$2,057,576$2,780,508
47$2,913,925$2,239,596$2,066,963$2,964,589
48$3,149,728$2,287,919$2,074,789$3,165,072
49$3,407,648$2,336,675$2,080,943$3,383,582
50$3,689,881$2,385,824$2,085,306$3,621,910
51$3,998,842$2,435,324$2,087,758$3,882,029
52$4,337,195$2,485,125$2,088,168$4,166,112
53$4,707,869$2,535,176$2,086,402$4,476,552
54$5,114,093$2,585,421$2,082,318$4,815,990
55$5,559,421$2,635,798$2,075,767$5,187,331
56$6,047,769$2,686,239$2,066,592$5,593,779
57$6,583,450$2,736,672$2,054,630$6,038,863
58$7,171,212$2,787,020$2,039,711$6,526,472
59$7,816,287$2,837,195$2,021,653$7,060,892
60$8,524,439$2,887,109$2,000,269$7,646,846
61$9,302,016$2,936,661$1,975,362$8,289,537
62$10,156,010$2,985,746$1,946,725$8,994,701
63$11,094,125$3,034,249$1,914,142$9,768,656
64$12,124,847$3,082,049$1,877,387$10,618,366
65$13,257,525$3,129,013$1,836,223$11,551,507
66$14,502,458$3,175,000$1,790,403$12,576,536
67$15,870,994$3,219,860$1,739,666$13,702,772
68$17,375,632$3,263,430$1,683,742$14,940,487
69$19,030,147$3,305,538$1,622,347$16,301,000
70$20,849,711$3,345,999$1,555,185$17,796,784
71$22,851,043$3,384,614$1,481,945$19,441,588
72$25,052,563$3,421,174$1,402,304$21,250,559
73$27,474,565$3,455,452$1,315,922$23,240,395
74$30,139,411$3,487,210$1,222,445$25,429,493
75$33,071,738$3,516,190$1,121,504$27,838,132
76$36,298,692$3,542,120$1,012,712$30,488,656
77$39,850,186$3,564,711$895,665$33,405,694
78$43,759,176$3,583,653$769,941$36,616,384
79$48,061,978$3,598,618$635,100$40,150,637
80$52,798,605$3,609,256$490,681$44,041,415
81$58,013,149$3,615,196$336,205$48,325,043
82$63,754,193$3,616,043$171,171$53,041,555
83$70,075,270$3,611,379$0$58,235,069
84$77,035,369$3,600,757$0$63,955,105
85$84,699,489$3,583,707$0$70,287,539
86$93,139,254$3,559,726$0$77,260,447
87$102,433,588$3,528,283$0$84,939,012
88$112,669,460$3,488,814$0$93,395,067
89$123,942,701$3,440,723$0$102,707,766
90$136,358,913$3,383,375$0$112,964,335
91$150,034,462$3,316,099$0$124,260,892
92$165,097,575$3,238,186$0$136,703,359
93$181,689,553$3,148,883$0$150,408,456
94$199,966,102$3,047,392$0$165,504,807
95$220,098,801$2,932,871$0$182,134,150
96$242,276,724$2,804,428$0$200,452,681
97$266,708,223$2,661,118$0$220,632,520
98$293,622,892$2,501,942$0$242,863,344
99$323,273,736$2,325,846$0$267,354,171
100$355,939,556$2,131,712$0$294,335,337