Can I retire at age 43 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$162,681$161,232$159,818$158,438$157,091$153,355
2 years$80,535$79,035$77,582$76,172$74,805$71,064
3 years$53,157$51,650$50,200$48,804$47,459$43,829
4 years$39,470$37,968$36,533$35,161$33,848$30,357
5 years$31,260$29,768$28,351$27,007$25,731$22,388
6 years$25,789$24,308$22,912$21,598$20,360$17,169
7 years$21,883$20,413$19,040$17,757$16,558$13,519
8 years$18,954$17,498$16,147$14,896$13,737$10,849
9 years$16,677$15,235$13,908$12,688$11,568$8,829
10 years$14,857$13,429$12,125$10,937$9,857$7,263
11 years$13,369$11,955$10,675$9,518$8,477$6,026
12 years$12,129$10,730$9,474$8,349$7,346$5,033
13 years$11,082$9,697$8,464$7,371$6,406$4,226
14 years$10,184$8,814$7,605$6,543$5,615$3,565
15 years$9,407$8,052$6,866$5,835$4,944$3,018
16 years$8,728$7,388$6,225$5,225$4,370$2,563
17 years$8,129$6,804$5,665$4,694$3,875$2,181
18 years$7,598$6,287$5,171$4,231$3,445$1,861
19 years$7,122$5,827$4,734$3,823$3,071$1,590
20 years$6,695$5,414$4,345$3,462$2,743$1,361
21 years$6,310$5,043$3,996$3,142$2,454$1,167
22 years$5,959$4,708$3,683$2,857$2,200$1,001
23 years$5,640$4,403$3,401$2,602$1,975$859
24 years$5,347$4,125$3,145$2,373$1,775$739
25 years$5,079$3,871$2,913$2,167$1,597$635
26 years$4,831$3,639$2,702$1,982$1,439$547
27 years$4,603$3,424$2,509$1,814$1,297$471
28 years$4,391$3,227$2,332$1,662$1,170$405
29 years$4,194$3,044$2,170$1,524$1,057$349
30 years$4,010$2,875$2,022$1,399$955$301
31 years$3,839$2,718$1,885$1,285$863$259
32 years$3,678$2,571$1,758$1,180$781$224
33 years$3,528$2,435$1,642$1,086$707$193
34 years$3,387$2,308$1,534$999$640$166
35 years$3,254$2,189$1,434$919$580$144
36 years$3,129$2,078$1,342$847$525$124
37 years$3,011$1,973$1,256$780$476$107
38 years$2,899$1,875$1,176$719$432$92
39 years$2,793$1,783$1,102$663$391$80
40 years$2,693$1,697$1,033$612$355$69
41 years$2,598$1,615$968$564$322$59
42 years$2,508$1,538$908$521$292$51
43 years$2,422$1,466$852$481$265$44
44 years$2,341$1,397$800$444$241$38
45 years$2,263$1,332$751$410$219$33
46 years$2,189$1,271$706$379$198$28
47 years$2,118$1,213$663$350$180$25
48 years$2,050$1,158$623$323$164$21
49 years$1,985$1,106$586$299$149$18
50 years$1,923$1,056$550$276$135$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,970,000, adding $3,326 every year, while hoping to spend $59,741 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: 49/43/8 Blend
42$1,970,000$1,970,000$1,970,000$1,970,000
43$2,174,371$2,069,961$2,039,426$2,276,181
44$2,332,593$2,107,825$2,044,183$2,384,030
45$2,504,951$2,145,542$2,047,096$2,494,501
46$2,692,824$2,183,042$2,048,043$2,613,095
47$2,897,730$2,220,249$2,046,890$2,740,585
48$3,121,339$2,257,082$2,043,501$2,877,825
49$3,365,490$2,293,453$2,037,733$3,025,757
50$3,632,206$2,329,268$2,029,432$3,185,420
51$3,923,714$2,364,426$2,018,442$3,357,957
52$4,242,469$2,398,819$2,004,596$3,544,630
53$4,591,171$2,432,331$1,987,720$3,746,832
54$4,972,794$2,464,838$1,967,632$3,966,098
55$5,390,612$2,496,208$1,944,140$4,204,121
56$5,848,231$2,526,299$1,917,046$4,462,766
57$6,349,622$2,554,959$1,886,138$4,744,094
58$6,899,158$2,582,027$1,851,199$5,050,374
59$7,501,656$2,607,330$1,811,998$5,384,111
60$8,162,421$2,630,685$1,768,295$5,748,067
61$8,887,294$2,651,895$1,719,840$6,145,288
62$9,682,713$2,670,753$1,666,369$6,579,133
63$10,555,765$2,687,035$1,607,608$7,053,308
64$11,514,259$2,700,506$1,543,269$7,571,898
65$12,566,796$2,710,913$1,473,051$8,139,411
66$13,722,852$2,717,990$1,396,641$8,760,816
67$14,992,864$2,721,453$1,313,709$9,441,594
68$16,388,331$2,720,999$1,223,914$10,187,791
69$17,921,921$2,716,308$1,126,895$11,006,072
70$19,607,589$2,707,040$1,022,278$11,903,789
71$21,460,711$2,692,833$909,672$12,889,050
72$23,498,226$2,673,303$788,668$13,970,794
73$25,738,795$2,648,046$658,839$15,158,882
74$28,202,981$2,616,629$519,739$16,464,183
75$30,913,437$2,578,595$370,902$17,898,688
76$33,895,122$2,533,461$211,842$19,475,615
77$37,175,538$2,480,714$42,052$21,209,541
78$40,784,984$2,419,810$0$23,116,539
79$44,756,846$2,350,174$0$25,226,210
80$49,127,909$2,271,198$0$27,550,820
81$53,938,706$2,182,237$0$30,108,372
82$59,233,896$2,082,609$0$32,922,673
83$65,062,689$1,971,592$0$36,019,970
84$71,479,307$1,848,424$0$39,429,198
85$78,543,498$1,712,298$0$43,182,255
86$86,321,094$1,562,360$0$47,314,306
87$94,884,640$1,397,710$0$51,864,114
88$104,314,070$1,217,394$0$56,874,414
89$114,697,463$1,020,405$0$62,392,314
90$126,131,879$805,680$0$68,469,741
91$138,724,267$572,094$0$75,163,940
92$152,592,476$318,461$0$82,538,012
93$167,866,371$43,527$0$90,661,516
94$184,689,050$0$0$99,611,125
95$203,218,203$0$0$109,591,559
96$223,627,591$0$0$120,607,741
97$246,108,693$0$0$132,742,466
98$270,872,507$0$0$146,109,664
99$298,151,542$0$0$160,834,881
100$328,202,016$0$0$177,056,464