Can I retire at age 43 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$161,855$160,413$159,007$157,634$156,293$154,532
2 years$80,126$78,634$77,188$75,785$74,425$72,653
3 years$52,887$51,388$49,946$48,556$47,218$45,489
4 years$39,270$37,776$36,348$34,982$33,677$32,004
5 years$31,102$29,617$28,207$26,870$25,600$23,989
6 years$25,658$24,184$22,796$21,488$20,257$18,709
7 years$21,771$20,310$18,943$17,666$16,474$14,990
8 years$18,858$17,409$16,065$14,820$13,667$12,247
9 years$16,593$15,158$13,837$12,623$11,510$10,153
10 years$14,782$13,361$12,064$10,881$9,807$8,512
11 years$13,301$11,894$10,621$9,470$8,434$7,201
12 years$12,068$10,676$9,425$8,307$7,309$6,136
13 years$11,025$9,648$8,421$7,333$6,373$5,259
14 years$10,132$8,770$7,566$6,510$5,587$4,530
15 years$9,359$8,011$6,831$5,806$4,919$3,917
16 years$8,684$7,350$6,194$5,198$4,348$3,400
17 years$8,088$6,769$5,636$4,671$3,855$2,959
18 years$7,559$6,255$5,145$4,209$3,428$2,581
19 years$7,086$5,797$4,710$3,803$3,055$2,257
20 years$6,661$5,387$4,323$3,445$2,729$1,977
21 years$6,278$5,018$3,976$3,126$2,442$1,735
22 years$5,929$4,684$3,664$2,842$2,189$1,524
23 years$5,611$4,381$3,383$2,589$1,965$1,341
24 years$5,320$4,104$3,129$2,361$1,766$1,180
25 years$5,053$3,852$2,898$2,156$1,589$1,040
26 years$4,807$3,620$2,688$1,972$1,431$918
27 years$4,579$3,407$2,496$1,805$1,291$810
28 years$4,368$3,210$2,320$1,653$1,165$715
29 years$4,172$3,029$2,159$1,516$1,052$632
30 years$3,990$2,860$2,011$1,392$950$559
31 years$3,819$2,704$1,875$1,278$859$494
32 years$3,660$2,558$1,749$1,174$777$437
33 years$3,510$2,423$1,633$1,080$703$387
34 years$3,370$2,296$1,526$994$637$343
35 years$3,237$2,178$1,427$915$577$303
36 years$3,113$2,067$1,335$843$522$269
37 years$2,995$1,963$1,249$776$474$238
38 years$2,884$1,866$1,170$715$429$211
39 years$2,779$1,774$1,096$660$389$187
40 years$2,680$1,688$1,027$608$353$166
41 years$2,585$1,607$963$561$320$147
42 years$2,495$1,530$904$518$291$130
43 years$2,410$1,458$848$478$264$116
44 years$2,329$1,390$796$442$239$102
45 years$2,251$1,325$747$408$217$91
46 years$2,178$1,264$702$377$197$81
47 years$2,107$1,207$660$348$179$71
48 years$2,040$1,152$620$322$163$63
49 years$1,975$1,100$583$297$148$56
50 years$1,914$1,051$548$275$134$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,960,000, adding $4,431 every year, while hoping to spend $33,753 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: 66/10/24 Blend
42$1,960,000$1,960,000$1,960,000$1,960,000
43$2,164,491$2,060,611$2,030,231$2,293,647
44$2,349,356$2,125,668$2,062,330$2,446,139
45$2,551,946$2,192,781$2,094,374$2,608,566
46$2,774,033$2,262,016$2,126,325$2,785,376
47$3,017,570$2,333,440$2,158,142$2,977,986
48$3,284,706$2,407,123$2,189,783$3,187,956
49$3,577,809$2,483,135$2,221,204$3,417,006
50$3,899,487$2,561,550$2,252,356$3,667,028
51$4,252,614$2,642,446$2,283,190$3,940,108
52$4,640,355$2,725,899$2,313,650$4,238,542
53$5,066,195$2,811,992$2,343,682$4,564,860
54$5,533,975$2,900,809$2,373,224$4,921,851
55$6,047,927$2,992,434$2,402,213$5,312,584
56$6,612,710$3,086,958$2,430,581$5,740,442
57$7,233,460$3,184,472$2,458,259$6,209,152
58$7,915,833$3,285,072$2,485,171$6,722,819
59$8,666,062$3,388,855$2,511,239$7,285,969
60$9,491,013$3,495,921$2,536,378$7,903,583
61$10,398,251$3,606,376$2,560,501$8,581,155
62$11,396,111$3,720,326$2,583,516$9,324,734
63$12,493,775$3,837,883$2,605,325$10,140,987
64$13,701,362$3,959,161$2,625,825$11,037,260
65$15,030,019$4,084,278$2,644,908$12,021,646
66$16,492,029$4,213,356$2,662,461$13,103,063
67$18,100,926$4,346,521$2,678,363$14,291,339
68$19,871,623$4,483,902$2,692,490$15,597,303
69$21,820,548$4,625,634$2,704,709$17,032,885
70$23,965,808$4,771,854$2,714,881$18,611,234
71$26,327,351$4,922,705$2,722,859$20,346,838
72$28,927,157$5,078,334$2,728,492$22,255,661
73$31,789,448$5,238,893$2,731,617$24,355,297
74$34,940,912$5,404,539$2,732,066$26,665,130
75$38,410,956$5,575,433$2,729,662$29,206,524
76$42,231,987$5,751,742$2,724,218$32,003,017
77$46,439,710$5,933,638$2,715,541$35,080,552
78$51,073,473$6,121,299$2,703,424$38,467,714
79$56,176,633$6,314,908$2,687,654$42,196,003
80$61,796,966$6,514,655$2,668,007$46,300,132
81$67,987,117$6,720,734$2,644,246$50,818,354
82$74,805,100$6,933,347$2,616,125$55,792,824
83$82,314,841$7,152,702$2,583,386$61,269,994
84$90,586,784$7,379,013$2,545,759$67,301,054
85$99,698,554$7,612,502$2,502,959$73,942,418
86$109,735,689$7,853,398$2,454,692$81,256,249
87$120,792,451$8,101,936$2,400,645$89,311,052
88$132,972,710$8,358,359$2,340,495$98,182,322
89$146,390,927$8,622,919$2,273,903$107,953,249
90$161,173,234$8,895,876$2,200,511$118,715,513
91$177,458,626$9,177,495$2,119,950$130,570,142
92$195,400,268$9,468,054$2,031,830$143,628,469
93$215,166,944$9,767,838$1,935,746$158,013,185
94$236,944,651$10,077,141$1,831,272$173,859,494
95$260,938,350$10,396,265$1,717,964$191,316,390
96$287,373,905$10,725,525$1,595,359$210,548,068
97$316,500,211$11,065,244$1,462,972$231,735,468
98$348,591,547$11,415,756$1,320,296$255,077,988
99$383,950,161$11,777,404$1,166,802$280,795,364
100$422,909,126$12,150,545$1,001,938$309,129,747