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%14.6%
1 years$161,855$160,413$159,007$157,634$156,293$153,326
2 years$80,126$78,634$77,188$75,785$74,425$71,447
3 years$52,887$51,388$49,946$48,556$47,218$44,323
4 years$39,270$37,776$36,348$34,982$33,677$30,885
5 years$31,102$29,617$28,207$26,870$25,600$22,921
6 years$25,658$24,184$22,796$21,488$20,257$17,693
7 years$21,771$20,310$18,943$17,666$16,474$14,027
8 years$18,858$17,409$16,065$14,820$13,667$11,335
9 years$16,593$15,158$13,837$12,623$11,510$9,291
10 years$14,782$13,361$12,064$10,881$9,807$7,701
11 years$13,301$11,894$10,621$9,470$8,434$6,437
12 years$12,068$10,676$9,425$8,307$7,309$5,419
13 years$11,025$9,648$8,421$7,333$6,373$4,587
14 years$10,132$8,770$7,566$6,510$5,587$3,901
15 years$9,359$8,011$6,831$5,806$4,919$3,330
16 years$8,684$7,350$6,194$5,198$4,348$2,852
17 years$8,088$6,769$5,636$4,671$3,855$2,449
18 years$7,559$6,255$5,145$4,209$3,428$2,107
19 years$7,086$5,797$4,710$3,803$3,055$1,817
20 years$6,661$5,387$4,323$3,445$2,729$1,569
21 years$6,278$5,018$3,976$3,126$2,442$1,357
22 years$5,929$4,684$3,664$2,842$2,189$1,175
23 years$5,611$4,381$3,383$2,589$1,965$1,019
24 years$5,320$4,104$3,129$2,361$1,766$884
25 years$5,053$3,852$2,898$2,156$1,589$767
26 years$4,807$3,620$2,688$1,972$1,431$667
27 years$4,579$3,407$2,496$1,805$1,291$580
28 years$4,368$3,210$2,320$1,653$1,165$504
29 years$4,172$3,029$2,159$1,516$1,052$439
30 years$3,990$2,860$2,011$1,392$950$382
31 years$3,819$2,704$1,875$1,278$859$332
32 years$3,660$2,558$1,749$1,174$777$289
33 years$3,510$2,423$1,633$1,080$703$252
34 years$3,370$2,296$1,526$994$637$220
35 years$3,237$2,178$1,427$915$577$192
36 years$3,113$2,067$1,335$843$522$167
37 years$2,995$1,963$1,249$776$474$146
38 years$2,884$1,866$1,170$715$429$127
39 years$2,779$1,774$1,096$660$389$111
40 years$2,680$1,688$1,027$608$353$96
41 years$2,585$1,607$963$561$320$84
42 years$2,495$1,530$904$518$291$73
43 years$2,410$1,458$848$478$264$64
44 years$2,329$1,390$796$442$239$56
45 years$2,251$1,325$747$408$217$49
46 years$2,178$1,264$702$377$197$42
47 years$2,107$1,207$660$348$179$37
48 years$2,040$1,152$620$322$163$32
49 years$1,975$1,100$583$297$148$28
50 years$1,914$1,051$548$275$134$25

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 $6,147 every year, while hoping to spend $34,572 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: 58/19/23 Blend
42$1,960,000$1,960,000$1,960,000$1,960,000
43$2,166,261$2,062,381$2,032,001$2,278,174
44$2,350,435$2,126,653$2,063,288$2,419,423
45$2,552,236$2,192,916$2,094,465$2,569,113
46$2,773,426$2,261,231$2,125,492$2,731,570
47$3,015,944$2,331,660$2,156,325$2,908,039
48$3,281,928$2,404,268$2,186,919$3,099,885
49$3,573,730$2,479,123$2,217,226$3,308,617
50$3,893,943$2,556,292$2,247,195$3,535,892
51$4,245,422$2,635,847$2,276,773$3,783,536
52$4,631,312$2,717,861$2,305,902$4,053,562
53$5,055,078$2,802,408$2,334,522$4,348,183
54$5,520,536$2,889,566$2,362,569$4,669,840
55$6,031,891$2,979,415$2,389,975$5,021,221
56$6,593,774$3,072,037$2,416,669$5,405,284
57$7,211,288$3,167,516$2,442,577$5,825,291
58$7,890,055$3,265,940$2,467,619$6,284,833
59$8,636,267$3,367,397$2,491,710$6,787,866
60$9,456,747$3,471,981$2,514,764$7,338,750
61$10,359,014$3,579,786$2,536,687$7,942,285
62$11,351,348$3,690,911$2,557,381$8,603,762
63$12,442,876$3,805,456$2,576,743$9,329,010
64$13,643,651$3,923,524$2,594,666$10,124,449
65$14,964,750$4,045,224$2,611,034$10,997,153
66$16,418,379$4,170,664$2,625,728$11,954,918
67$18,017,985$4,299,958$2,638,621$13,006,332
68$19,778,387$4,433,224$2,649,582$14,160,857
69$21,715,910$4,570,580$2,658,472$15,428,920
70$23,848,546$4,712,150$2,665,143$16,822,009
71$26,196,114$4,858,063$2,669,442$18,352,782
72$28,780,458$5,008,448$2,671,208$20,035,188
73$31,625,643$5,163,440$2,670,272$21,884,596
74$34,758,189$5,323,179$2,666,457$23,917,942
75$38,207,317$5,487,808$2,659,576$26,153,887
76$42,005,225$5,657,472$2,649,433$28,612,994
77$46,187,394$5,832,324$2,635,825$31,317,922
78$50,792,920$6,012,520$2,618,537$34,293,640
79$55,864,883$6,198,218$2,597,343$37,567,664
80$61,450,756$6,389,586$2,572,009$41,170,311
81$67,602,848$6,586,791$2,542,287$45,134,992
82$74,378,804$6,790,009$2,507,919$49,498,524
83$81,842,142$6,999,420$2,468,634$54,301,477
84$90,062,857$7,215,207$2,424,149$59,588,559
85$99,118,078$7,437,562$2,374,168$65,409,036
86$109,092,799$7,666,680$2,318,380$71,817,198
87$120,080,679$7,902,762$2,256,460$78,872,871
88$132,184,926$8,146,015$2,188,069$86,641,983
89$145,519,271$8,396,652$2,112,852$95,197,183
90$160,209,041$8,654,892$2,030,437$104,618,532
91$176,392,341$8,920,960$1,940,434$114,994,253
92$194,221,360$9,195,087$1,842,439$126,421,571
93$213,863,805$9,477,513$1,736,027$139,007,623
94$235,504,483$9,768,481$1,620,754$152,870,474
95$259,347,047$10,068,243$1,496,156$168,140,231
96$285,615,918$10,377,059$1,361,749$184,960,273
97$314,558,400$10,695,194$1,217,027$203,488,599
98$346,447,020$11,022,921$1,061,460$223,899,326
99$381,582,095$11,360,523$894,498$246,384,332
100$420,294,568$11,708,288$715,563$271,155,061