Can I retire at age 43 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$163,507$162,050$160,629$159,242$157,888$153,264
2 years$80,944$79,436$77,975$76,559$75,185$70,563
3 years$53,427$51,913$50,455$49,052$47,700$43,227
4 years$39,671$38,161$36,718$35,339$34,020$29,729
5 years$31,419$29,919$28,495$27,144$25,862$21,764
6 years$25,920$24,431$23,028$21,707$20,463$16,563
7 years$21,994$20,517$19,137$17,847$16,642$12,939
8 years$19,050$17,587$16,229$14,971$13,806$10,298
9 years$16,762$15,313$13,978$12,752$11,627$8,311
10 years$14,932$13,497$12,187$10,992$9,907$6,777
11 years$13,437$12,016$10,729$9,567$8,520$5,572
12 years$12,191$10,785$9,522$8,391$7,383$4,612
13 years$11,138$9,746$8,507$7,408$6,438$3,836
14 years$10,236$8,859$7,644$6,576$5,644$3,205
15 years$9,455$8,093$6,901$5,865$4,969$2,687
16 years$8,772$7,425$6,257$5,251$4,392$2,259
17 years$8,170$6,838$5,693$4,718$3,894$1,903
18 years$7,636$6,319$5,197$4,252$3,463$1,607
19 years$7,159$5,856$4,758$3,842$3,086$1,359
20 years$6,729$5,442$4,367$3,480$2,757$1,151
21 years$6,342$5,069$4,016$3,158$2,467$976
22 years$5,989$4,732$3,702$2,871$2,211$828
23 years$5,668$4,425$3,418$2,615$1,985$703
24 years$5,375$4,146$3,161$2,385$1,784$598
25 years$5,105$3,891$2,928$2,178$1,605$508
26 years$4,856$3,657$2,715$1,992$1,446$432
27 years$4,626$3,442$2,521$1,823$1,304$368
28 years$4,413$3,243$2,344$1,670$1,176$313
29 years$4,215$3,059$2,181$1,532$1,062$267
30 years$4,030$2,889$2,032$1,406$960$227
31 years$3,858$2,731$1,894$1,291$868$194
32 years$3,697$2,584$1,767$1,186$785$165
33 years$3,546$2,448$1,650$1,091$710$141
34 years$3,404$2,320$1,542$1,004$643$120
35 years$3,270$2,200$1,441$924$583$102
36 years$3,145$2,088$1,348$851$528$87
37 years$3,026$1,983$1,262$784$478$74
38 years$2,914$1,885$1,182$723$434$63
39 years$2,808$1,792$1,107$666$393$54
40 years$2,707$1,705$1,038$615$357$46
41 years$2,612$1,623$973$567$324$39
42 years$2,521$1,546$913$523$294$34
43 years$2,435$1,473$857$483$267$29
44 years$2,353$1,404$804$446$242$24
45 years$2,274$1,339$755$412$220$21
46 years$2,200$1,277$709$381$199$18
47 years$2,129$1,219$666$352$181$15
48 years$2,060$1,164$626$325$164$13
49 years$1,995$1,111$588$300$149$11
50 years$1,933$1,061$553$278$136$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,980,000, adding $6,456 every year, while hoping to spend $27,877 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: 31/43/26 Blend
42$1,980,000$1,980,000$1,980,000$1,980,000
43$2,188,619$2,083,679$2,052,989$2,238,811
44$2,382,198$2,156,119$2,092,104$2,350,357
45$2,594,587$2,231,173$2,131,594$2,467,437
46$2,827,675$2,308,942$2,171,443$2,592,911
47$3,083,545$2,389,527$2,211,634$2,727,531
48$3,364,488$2,473,035$2,252,145$2,872,124
49$3,673,030$2,559,578$2,292,955$3,027,596
50$4,011,952$2,649,270$2,334,042$3,194,943
51$4,384,318$2,742,231$2,375,380$3,375,260
52$4,793,505$2,838,587$2,416,941$3,569,749
53$5,243,231$2,938,467$2,458,698$3,779,731
54$5,737,595$3,042,006$2,500,618$4,006,659
55$6,281,109$3,149,344$2,542,669$4,252,129
56$6,878,748$3,260,627$2,584,814$4,517,897
57$7,535,991$3,376,008$2,627,015$4,805,892
58$8,258,874$3,495,644$2,669,232$5,118,237
59$9,054,048$3,619,700$2,711,421$5,457,268
60$9,928,843$3,748,347$2,753,535$5,825,552
61$10,891,332$3,881,763$2,795,526$6,225,915
62$11,950,412$4,020,134$2,837,340$6,661,466
63$13,115,885$4,163,652$2,878,922$7,135,625
64$14,398,552$4,312,518$2,920,213$7,652,157
65$15,810,314$4,466,941$2,961,150$8,215,206
66$17,364,284$4,627,138$3,001,666$8,829,331
67$19,074,910$4,793,337$3,041,691$9,499,551
68$20,958,113$4,965,773$3,081,150$10,231,391
69$23,031,436$5,144,692$3,119,964$11,030,935
70$25,314,210$5,330,348$3,158,050$11,904,879
71$27,827,733$5,523,010$3,195,318$12,860,596
72$30,595,478$5,722,953$3,231,677$13,906,204
73$33,643,306$5,930,467$3,267,028$15,050,641
74$36,999,715$6,145,852$3,301,266$16,303,753
75$40,696,110$6,369,422$3,334,281$17,676,378
76$44,767,092$6,601,504$3,365,959$19,180,455
77$49,250,795$6,842,436$3,396,178$20,829,129
78$54,189,235$7,092,575$3,424,809$22,636,882
79$59,628,714$7,352,288$3,451,717$24,619,661
80$65,620,254$7,621,961$3,476,761$26,795,032
81$72,220,077$7,901,994$3,499,789$29,182,341
82$79,490,138$8,192,806$3,520,646$31,802,901
83$87,498,710$8,494,831$3,539,165$34,680,186
84$96,321,024$8,808,523$3,555,173$37,840,056
85$106,039,984$9,134,356$3,568,486$41,310,996
86$116,746,945$9,472,822$3,578,914$45,124,387
87$128,542,580$9,824,437$3,586,253$49,314,798
88$141,537,823$10,189,734$3,590,293$53,920,311
89$155,854,924$10,569,275$3,590,811$58,982,882
90$171,628,598$10,963,640$3,587,574$64,548,732
91$189,007,294$11,373,438$3,580,338$70,668,785
92$208,154,604$11,799,303$3,568,845$77,399,142
93$229,250,800$12,241,894$3,552,827$84,801,614
94$252,494,537$12,701,902$3,532,002$92,944,302
95$278,104,730$13,180,046$3,506,075$101,902,235
96$306,322,618$13,677,074$3,474,734$111,758,083
97$337,414,045$14,193,770$3,437,657$122,602,927
98$371,671,962$14,730,950$3,394,503$134,537,123
99$409,419,200$15,289,464$3,344,917$147,671,245
100$451,011,512$15,870,201$3,288,525$162,127,127