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

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$162,681$161,232$159,818$158,438$157,091$152,859
2 years$80,535$79,035$77,582$76,172$74,805$70,572
3 years$53,157$51,650$50,200$48,804$47,459$43,357
4 years$39,470$37,968$36,533$35,161$33,848$29,909
5 years$31,260$29,768$28,351$27,007$25,731$21,965
6 years$25,789$24,308$22,912$21,598$20,360$16,771
7 years$21,883$20,413$19,040$17,757$16,558$13,146
8 years$18,954$17,498$16,147$14,896$13,737$10,500
9 years$16,677$15,235$13,908$12,688$11,568$8,504
10 years$14,857$13,429$12,125$10,937$9,857$6,961
11 years$13,369$11,955$10,675$9,518$8,477$5,746
12 years$12,129$10,730$9,474$8,349$7,346$4,774
13 years$11,082$9,697$8,464$7,371$6,406$3,988
14 years$10,184$8,814$7,605$6,543$5,615$3,345
15 years$9,407$8,052$6,866$5,835$4,944$2,816
16 years$8,728$7,388$6,225$5,225$4,370$2,377
17 years$8,129$6,804$5,665$4,694$3,875$2,012
18 years$7,598$6,287$5,171$4,231$3,445$1,706
19 years$7,122$5,827$4,734$3,823$3,071$1,450
20 years$6,695$5,414$4,345$3,462$2,743$1,233
21 years$6,310$5,043$3,996$3,142$2,454$1,050
22 years$5,959$4,708$3,683$2,857$2,200$896
23 years$5,640$4,403$3,401$2,602$1,975$764
24 years$5,347$4,125$3,145$2,373$1,775$653
25 years$5,079$3,871$2,913$2,167$1,597$558
26 years$4,831$3,639$2,702$1,982$1,439$477
27 years$4,603$3,424$2,509$1,814$1,297$408
28 years$4,391$3,227$2,332$1,662$1,170$349
29 years$4,194$3,044$2,170$1,524$1,057$299
30 years$4,010$2,875$2,022$1,399$955$256
31 years$3,839$2,718$1,885$1,285$863$219
32 years$3,678$2,571$1,758$1,180$781$188
33 years$3,528$2,435$1,642$1,086$707$161
34 years$3,387$2,308$1,534$999$640$138
35 years$3,254$2,189$1,434$919$580$118
36 years$3,129$2,078$1,342$847$525$101
37 years$3,011$1,973$1,256$780$476$87
38 years$2,899$1,875$1,176$719$432$74
39 years$2,793$1,783$1,102$663$391$64
40 years$2,693$1,697$1,033$612$355$55
41 years$2,598$1,615$968$564$322$47
42 years$2,508$1,538$908$521$292$40
43 years$2,422$1,466$852$481$265$34
44 years$2,341$1,397$800$444$241$30
45 years$2,263$1,332$751$410$219$25
46 years$2,189$1,271$706$379$198$22
47 years$2,118$1,213$663$350$180$19
48 years$2,050$1,158$623$323$164$16
49 years$1,985$1,106$586$299$149$14
50 years$1,923$1,056$550$276$135$12

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 $3,429 every year, while hoping to spend $27,412 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: 55/18/27 Blend
42$1,970,000$1,970,000$1,970,000$1,970,000
43$2,174,477$2,070,067$2,039,532$2,277,680
44$2,367,108$2,142,334$2,078,690$2,421,425
45$2,578,468$2,217,224$2,118,241$2,574,775
46$2,810,439$2,294,835$2,158,170$2,741,240
47$3,065,093$2,375,272$2,198,459$2,922,088
48$3,344,714$2,458,642$2,239,088$3,118,721
49$3,651,817$2,545,057$2,280,039$3,332,677
50$3,989,171$2,634,633$2,321,289$3,565,651
51$4,359,828$2,727,492$2,362,815$3,819,509
52$4,767,151$2,823,760$2,404,590$4,096,306
53$5,214,844$2,923,567$2,446,586$4,398,304
54$5,706,987$3,027,051$2,488,776$4,727,994
55$6,248,075$3,134,352$2,531,125$5,088,119
56$6,843,062$3,245,618$2,573,601$5,481,698
57$7,497,405$3,361,004$2,616,168$5,912,059
58$8,217,116$3,480,669$2,658,785$6,382,865
59$9,008,819$3,604,779$2,701,411$6,898,150
60$9,879,813$3,733,508$2,744,003$7,462,359
61$10,838,139$3,867,035$2,786,512$8,080,387
62$11,892,658$4,005,548$2,828,889$8,757,625
63$13,053,132$4,149,243$2,871,080$9,500,013
64$14,330,318$4,298,323$2,913,028$10,314,093
65$15,736,069$4,453,000$2,954,673$11,207,072
66$17,283,445$4,613,493$2,995,951$12,186,889
67$18,986,835$4,780,033$3,036,795$13,262,292
68$20,862,096$4,952,859$3,077,131$14,442,915
69$22,926,700$5,132,219$3,116,885$15,739,374
70$25,199,899$5,318,372$3,155,976$17,163,365
71$27,702,905$5,511,590$3,194,318$18,727,772
72$30,459,097$5,712,152$3,231,823$20,446,792
73$33,494,230$5,920,353$3,268,394$22,336,066
74$36,836,688$6,136,498$3,303,932$24,412,826
75$40,517,748$6,360,903$3,338,331$26,696,060
76$44,571,872$6,593,902$3,371,480$29,206,687
77$49,037,039$6,835,839$3,403,260$31,967,759
78$53,955,097$7,087,075$3,433,549$35,004,673
79$59,372,159$7,347,983$3,462,215$38,345,413
80$65,339,041$7,618,956$3,489,121$42,020,814
81$71,911,738$7,900,401$3,514,122$46,064,853
82$79,151,957$8,192,742$3,537,067$50,514,966
83$87,127,693$8,496,422$3,557,794$55,412,405
84$95,913,874$8,811,903$3,576,137$60,802,624
85$105,593,069$9,139,666$3,591,917$66,735,711
86$116,256,265$9,480,213$3,604,949$73,266,855
87$128,003,727$9,834,067$3,615,039$80,456,872
88$140,945,944$10,201,773$3,621,979$88,372,775
89$155,204,672$10,583,901$3,625,557$97,088,407
90$170,914,080$10,981,044$3,625,544$106,685,139
91$188,222,021$11,393,820$3,621,705$117,252,634
92$207,291,425$11,822,875$3,613,791$128,889,698
93$228,301,838$12,268,884$3,601,540$141,705,207
94$251,451,113$12,732,547$3,584,679$155,819,137
95$276,957,283$13,214,598$3,562,922$171,363,697
96$305,060,614$13,715,802$3,535,969$188,484,572
97$336,025,877$14,236,955$3,503,503$207,342,303
98$370,144,841$14,778,891$3,465,196$228,113,799
99$407,739,037$15,342,479$3,420,701$250,994,004
100$449,162,782$15,928,624$3,369,658$276,197,743