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%11.3%
1 years$163,507$162,050$160,629$159,242$157,888$157,025
2 years$80,944$79,436$77,975$76,559$75,185$74,314
3 years$53,427$51,913$50,455$49,052$47,700$46,848
4 years$39,671$38,161$36,718$35,339$34,020$33,194
5 years$31,419$29,919$28,495$27,144$25,862$25,064
6 years$25,920$24,431$23,028$21,707$20,463$19,694
7 years$21,994$20,517$19,137$17,847$16,642$15,903
8 years$19,050$17,587$16,229$14,971$13,806$13,097
9 years$16,762$15,313$13,978$12,752$11,627$10,947
10 years$14,932$13,497$12,187$10,992$9,907$9,256
11 years$13,437$12,016$10,729$9,567$8,520$7,898
12 years$12,191$10,785$9,522$8,391$7,383$6,789
13 years$11,138$9,746$8,507$7,408$6,438$5,872
14 years$10,236$8,859$7,644$6,576$5,644$5,104
15 years$9,455$8,093$6,901$5,865$4,969$4,456
16 years$8,772$7,425$6,257$5,251$4,392$3,904
17 years$8,170$6,838$5,693$4,718$3,894$3,431
18 years$7,636$6,319$5,197$4,252$3,463$3,023
19 years$7,159$5,856$4,758$3,842$3,086$2,670
20 years$6,729$5,442$4,367$3,480$2,757$2,363
21 years$6,342$5,069$4,016$3,158$2,467$2,095
22 years$5,989$4,732$3,702$2,871$2,211$1,860
23 years$5,668$4,425$3,418$2,615$1,985$1,653
24 years$5,375$4,146$3,161$2,385$1,784$1,472
25 years$5,105$3,891$2,928$2,178$1,605$1,311
26 years$4,856$3,657$2,715$1,992$1,446$1,169
27 years$4,626$3,442$2,521$1,823$1,304$1,044
28 years$4,413$3,243$2,344$1,670$1,176$932
29 years$4,215$3,059$2,181$1,532$1,062$833
30 years$4,030$2,889$2,032$1,406$960$745
31 years$3,858$2,731$1,894$1,291$868$666
32 years$3,697$2,584$1,767$1,186$785$596
33 years$3,546$2,448$1,650$1,091$710$534
34 years$3,404$2,320$1,542$1,004$643$478
35 years$3,270$2,200$1,441$924$583$429
36 years$3,145$2,088$1,348$851$528$384
37 years$3,026$1,983$1,262$784$478$344
38 years$2,914$1,885$1,182$723$434$309
39 years$2,808$1,792$1,107$666$393$277
40 years$2,707$1,705$1,038$615$357$248
41 years$2,612$1,623$973$567$324$223
42 years$2,521$1,546$913$523$294$200
43 years$2,435$1,473$857$483$267$180
44 years$2,353$1,404$804$446$242$161
45 years$2,274$1,339$755$412$220$145
46 years$2,200$1,277$709$381$199$130
47 years$2,129$1,219$666$352$181$117
48 years$2,060$1,164$626$325$164$105
49 years$1,995$1,111$588$300$149$94
50 years$1,933$1,061$553$278$136$84

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 $6,747 every year, while hoping to spend $36,466 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: 45/43/12 Blend
42$1,980,000$1,980,000$1,980,000$1,980,000
43$2,188,920$2,083,980$2,053,290$2,279,661
44$2,373,390$2,147,295$2,083,275$2,406,667
45$2,575,454$2,212,491$2,113,043$2,540,056
46$2,796,868$2,279,620$2,142,548$2,683,884
47$3,039,565$2,348,739$2,171,740$2,839,128
48$3,305,677$2,419,903$2,200,569$3,006,864
49$3,597,548$2,493,170$2,228,981$3,188,273
50$3,917,763$2,568,601$2,256,917$3,384,658
51$4,269,168$2,646,255$2,284,316$3,597,450
52$4,654,897$2,726,196$2,311,115$3,828,223
53$5,078,405$2,808,488$2,337,245$4,078,712
54$5,543,494$2,893,196$2,362,635$4,350,823
55$6,054,357$2,980,388$2,387,209$4,646,655
56$6,615,607$3,070,134$2,410,888$4,968,520
57$7,232,333$3,162,504$2,433,586$5,318,960
58$7,910,135$3,257,571$2,455,215$5,700,776
59$8,655,186$3,355,409$2,475,682$6,117,051
60$9,474,287$3,456,096$2,494,889$6,571,180
61$10,374,928$3,559,708$2,512,732$7,066,900
62$11,365,364$3,666,327$2,529,102$7,608,327
63$12,454,688$3,776,035$2,543,884$8,199,994
64$13,652,921$3,888,914$2,556,958$8,846,892
65$14,971,100$4,005,053$2,568,198$9,554,519
66$16,421,390$4,124,538$2,577,470$10,328,930
67$18,017,191$4,247,460$2,584,635$11,176,794
68$19,773,270$4,373,910$2,589,545$12,105,458
69$21,705,896$4,503,984$2,592,047$13,123,012
70$23,832,996$4,637,778$2,591,979$14,238,372
71$26,174,322$4,775,390$2,589,172$15,461,354
72$28,751,641$4,916,922$2,583,447$16,802,778
73$31,588,933$5,062,476$2,574,617$18,274,558
74$34,712,625$5,212,159$2,562,488$19,889,823
75$38,151,835$5,366,076$2,546,853$21,663,036
76$41,938,647$5,524,339$2,527,498$23,610,130
77$46,108,417$5,687,060$2,504,197$25,748,662
78$50,700,103$5,854,352$2,476,714$28,097,972
79$55,756,632$6,026,334$2,444,803$30,679,372
80$61,325,308$6,203,124$2,408,203$33,516,341
81$67,458,257$6,384,845$2,366,645$36,634,750
82$74,212,916$6,571,619$2,319,845$40,063,103
83$81,652,578$6,763,573$2,267,505$43,832,807
84$89,846,989$6,960,837$2,209,314$47,978,469
85$98,873,005$7,163,540$2,144,949$52,538,221
86$108,815,315$7,371,818$2,074,069$57,554,079
87$119,767,245$7,585,804$1,996,317$63,072,341
88$131,831,633$7,805,638$1,911,324$69,144,020
89$145,121,806$8,031,460$1,818,699$75,825,330
90$159,762,641$8,263,413$1,718,037$83,178,214
91$175,891,752$8,501,641$1,608,912$91,270,925
92$193,660,781$8,746,293$1,490,881$100,178,676
93$213,236,836$8,997,516$1,363,481$109,984,345
94$234,804,062$9,255,463$1,226,226$120,779,259
95$258,565,382$9,520,287$1,078,611$132,664,054
96$284,744,414$9,792,143$920,107$145,749,626
97$313,587,575$10,071,190$750,162$160,158,178
98$345,366,415$10,357,585$568,199$176,024,371
99$380,380,173$10,651,491$373,618$193,496,596
100$418,958,606$10,953,068$165,788$212,738,377