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%12%
1 years$162,681$161,232$159,818$158,438$157,091$155,774
2 years$80,535$79,035$77,582$76,172$74,805$73,478
3 years$53,157$51,650$50,200$48,804$47,459$46,164
4 years$39,470$37,968$36,533$35,161$33,848$32,593
5 years$31,260$29,768$28,351$27,007$25,731$24,520
6 years$25,789$24,308$22,912$21,598$20,360$19,195
7 years$21,883$20,413$19,040$17,757$16,558$15,440
8 years$18,954$17,498$16,147$14,896$13,737$12,665
9 years$16,677$15,235$13,908$12,688$11,568$10,543
10 years$14,857$13,429$12,125$10,937$9,857$8,877
11 years$13,369$11,955$10,675$9,518$8,477$7,542
12 years$12,129$10,730$9,474$8,349$7,346$6,455
13 years$11,082$9,697$8,464$7,371$6,406$5,558
14 years$10,184$8,814$7,605$6,543$5,615$4,809
15 years$9,407$8,052$6,866$5,835$4,944$4,179
16 years$8,728$7,388$6,225$5,225$4,370$3,644
17 years$8,129$6,804$5,665$4,694$3,875$3,187
18 years$7,598$6,287$5,171$4,231$3,445$2,794
19 years$7,122$5,827$4,734$3,823$3,071$2,455
20 years$6,695$5,414$4,345$3,462$2,743$2,162
21 years$6,310$5,043$3,996$3,142$2,454$1,907
22 years$5,959$4,708$3,683$2,857$2,200$1,684
23 years$5,640$4,403$3,401$2,602$1,975$1,489
24 years$5,347$4,125$3,145$2,373$1,775$1,318
25 years$5,079$3,871$2,913$2,167$1,597$1,168
26 years$4,831$3,639$2,702$1,982$1,439$1,036
27 years$4,603$3,424$2,509$1,814$1,297$920
28 years$4,391$3,227$2,332$1,662$1,170$817
29 years$4,194$3,044$2,170$1,524$1,057$726
30 years$4,010$2,875$2,022$1,399$955$645
31 years$3,839$2,718$1,885$1,285$863$574
32 years$3,678$2,571$1,758$1,180$781$511
33 years$3,528$2,435$1,642$1,086$707$455
34 years$3,387$2,308$1,534$999$640$405
35 years$3,254$2,189$1,434$919$580$361
36 years$3,129$2,078$1,342$847$525$322
37 years$3,011$1,973$1,256$780$476$287
38 years$2,899$1,875$1,176$719$432$255
39 years$2,793$1,783$1,102$663$391$228
40 years$2,693$1,697$1,033$612$355$203
41 years$2,598$1,615$968$564$322$181
42 years$2,508$1,538$908$521$292$162
43 years$2,422$1,466$852$481$265$144
44 years$2,341$1,397$800$444$241$129
45 years$2,263$1,332$751$410$219$115
46 years$2,189$1,271$706$379$198$102
47 years$2,118$1,213$663$350$180$91
48 years$2,050$1,158$623$323$164$81
49 years$1,985$1,106$586$299$149$73
50 years$1,923$1,056$550$276$135$65

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 $2,937 every year, while hoping to spend $51,806 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: 37/34/29 Blend
42$1,970,000$1,970,000$1,970,000$1,970,000
43$2,173,970$2,069,560$2,039,025$2,235,475
44$2,340,593$2,115,847$2,052,211$2,327,604
45$2,522,476$2,162,666$2,064,102$2,422,139
46$2,721,120$2,209,988$2,074,601$2,523,273
47$2,938,179$2,257,781$2,083,604$2,631,639
48$3,175,471$2,306,011$2,091,004$2,747,935
49$3,435,002$2,354,638$2,096,685$2,872,928
50$3,718,978$2,403,621$2,100,529$3,007,468
51$4,029,827$2,452,912$2,102,411$3,152,492
52$4,370,226$2,502,461$2,102,198$3,309,033
53$4,743,120$2,552,213$2,099,753$3,478,231
54$5,151,754$2,602,107$2,094,930$3,661,345
55$5,599,701$2,652,079$2,087,579$3,859,762
56$6,090,897$2,702,057$2,077,538$4,075,015
57$6,629,675$2,751,964$2,064,643$4,308,793
58$7,220,810$2,801,718$2,048,716$4,562,961
59$7,869,560$2,851,230$2,029,576$4,839,576
60$8,581,719$2,900,404$2,007,030$5,140,910
61$9,363,665$2,949,135$1,980,876$5,469,465
62$10,222,428$2,997,311$1,950,905$5,828,006
63$11,165,751$3,044,815$1,916,895$6,219,580
64$12,202,162$3,091,515$1,878,616$6,647,550
65$13,341,059$3,137,276$1,835,826$7,115,627
66$14,592,793$3,181,948$1,788,272$7,627,903
67$15,968,769$3,225,375$1,735,690$8,188,892
68$17,481,550$3,267,385$1,677,803$8,803,575
69$19,144,981$3,307,800$1,614,322$9,477,445
70$20,974,311$3,346,424$1,544,944$10,216,560
71$22,986,344$3,383,052$1,469,353$11,027,603
72$25,199,593$3,417,463$1,387,218$11,917,947
73$27,634,456$3,449,423$1,298,194$12,895,720
74$30,313,406$3,478,681$1,201,919$13,969,889
75$33,261,207$3,504,970$1,098,017$15,150,342
76$36,505,142$3,528,005$986,093$16,447,986
77$40,075,274$3,547,485$865,735$17,874,847
78$44,004,728$3,563,088$736,513$19,444,187
79$48,330,002$3,574,471$597,978$21,170,633
80$53,091,313$3,581,271$449,661$23,070,312
81$58,332,975$3,583,102$291,072$25,161,009
82$64,103,817$3,579,551$121,701$27,462,333
83$70,457,641$3,570,185$0$29,995,908
84$77,453,736$3,554,539$0$32,803,847
85$85,157,429$3,532,124$0$35,935,541
86$93,640,707$3,502,417$0$39,382,459
87$102,982,890$3,464,867$0$43,176,743
88$113,271,388$3,418,889$0$47,353,825
89$124,602,517$3,363,861$0$51,952,751
90$137,082,410$3,299,127$0$57,016,563
91$150,828,021$3,223,989$0$62,592,696
92$165,968,225$3,137,711$0$68,733,434
93$182,645,036$3,039,510$0$75,496,400
94$201,014,945$2,928,562$0$82,945,106
95$221,250,399$2,803,991$0$91,149,551
96$243,541,424$2,664,871$0$100,186,886
97$268,097,424$2,510,225$0$110,142,142
98$295,149,152$2,339,016$0$121,109,033
99$324,950,888$2,150,151$0$133,190,849
100$357,782,842$1,942,471$0$146,501,426