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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$82,579$81,843$81,126$80,425$79,741$77,127
2 years$40,881$40,119$39,381$38,666$37,972$35,363
3 years$26,983$26,218$25,482$24,774$24,091$21,569
4 years$20,036$19,273$18,545$17,848$17,182$14,767
5 years$15,868$15,111$14,391$13,709$13,061$10,759
6 years$13,091$12,339$11,630$10,963$10,335$8,148
7 years$11,108$10,362$9,665$9,013$8,405$6,333
8 years$9,621$8,882$8,197$7,561$6,973$5,014
9 years$8,466$7,734$7,060$6,440$5,872$4,024
10 years$7,542$6,817$6,155$5,552$5,003$3,263
11 years$6,786$6,069$5,419$4,832$4,303$2,667
12 years$6,157$5,447$4,809$4,238$3,729$2,194
13 years$5,625$4,922$4,296$3,742$3,252$1,814
14 years$5,170$4,474$3,860$3,321$2,850$1,506
15 years$4,775$4,087$3,485$2,962$2,510$1,255
16 years$4,430$3,750$3,160$2,652$2,218$1,048
17 years$4,126$3,454$2,875$2,383$1,967$877
18 years$3,857$3,191$2,625$2,148$1,749$736
19 years$3,615$2,958$2,403$1,940$1,559$618
20 years$3,399$2,748$2,205$1,757$1,392$520
21 years$3,203$2,560$2,029$1,595$1,246$438
22 years$3,025$2,390$1,870$1,450$1,117$369
23 years$2,863$2,235$1,726$1,321$1,002$311
24 years$2,714$2,094$1,596$1,205$901$262
25 years$2,578$1,965$1,479$1,100$811$222
26 years$2,453$1,847$1,371$1,006$730$187
27 years$2,336$1,738$1,273$921$658$158
28 years$2,229$1,638$1,184$844$594$134
29 years$2,129$1,545$1,102$774$537$113
30 years$2,036$1,459$1,026$710$485$96
31 years$1,949$1,380$957$652$438$81
32 years$1,867$1,305$893$599$396$68
33 years$1,791$1,236$833$551$359$58
34 years$1,719$1,172$779$507$325$49
35 years$1,652$1,111$728$467$294$41
36 years$1,588$1,055$681$430$267$35
37 years$1,528$1,002$637$396$242$30
38 years$1,472$952$597$365$219$25
39 years$1,418$905$559$337$199$21
40 years$1,367$861$524$310$180$18
41 years$1,319$820$492$286$163$15
42 years$1,273$781$461$264$148$13
43 years$1,230$744$433$244$135$11
44 years$1,188$709$406$225$122$9
45 years$1,149$676$381$208$111$8
46 years$1,111$645$358$192$101$7
47 years$1,075$616$336$178$91$6
48 years$1,041$588$316$164$83$5
49 years$1,008$561$297$152$75$4
50 years$976$536$279$140$69$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,000,000, adding $4,688 every year, while hoping to spend $29,475 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: 75/15/10 Blend
42$1,000,000$1,000,000$1,000,000$1,000,000
43$1,106,836$1,053,836$1,038,336$1,187,511
44$1,188,372$1,074,112$1,041,759$1,261,601
45$1,277,237$1,094,395$1,044,309$1,338,589
46$1,374,147$1,114,652$1,045,925$1,422,129
47$1,479,891$1,134,851$1,046,544$1,512,860
48$1,595,336$1,154,955$1,046,100$1,611,488
49$1,721,439$1,174,927$1,044,523$1,718,789
50$1,859,250$1,194,723$1,041,739$1,835,618
51$2,009,928$1,214,299$1,037,672$1,962,917
52$2,174,748$1,233,607$1,032,242$2,101,725
53$2,355,114$1,252,595$1,025,363$2,253,184
54$2,552,571$1,271,207$1,016,948$2,418,555
55$2,768,822$1,289,385$1,006,904$2,599,226
56$3,005,740$1,307,064$995,134$2,796,726
57$3,265,391$1,324,175$981,537$3,012,739
58$3,550,048$1,340,647$966,005$3,249,124
59$3,862,215$1,356,401$948,428$3,507,925
60$4,204,650$1,371,353$928,690$3,791,398
61$4,580,391$1,385,416$906,667$4,102,026
62$4,992,783$1,398,494$882,233$4,442,547
63$5,445,514$1,410,486$855,254$4,815,977
64$5,942,641$1,421,286$825,591$5,225,642
65$6,488,639$1,430,777$793,097$5,675,205
66$7,088,434$1,438,839$757,619$6,168,703
67$7,747,454$1,445,342$718,999$6,710,585
68$8,471,678$1,450,147$677,068$7,305,754
69$9,267,693$1,453,108$631,654$7,959,614
70$10,142,756$1,454,069$582,573$8,678,119
71$11,104,863$1,452,864$529,635$9,467,833
72$12,162,823$1,449,318$472,642$10,335,988
73$13,326,341$1,443,244$411,385$11,290,554
74$14,606,109$1,434,445$345,648$12,340,315
75$16,013,908$1,422,709$275,204$13,494,953
76$17,562,720$1,407,814$199,816$14,765,136
77$19,266,845$1,389,525$119,237$16,162,622
78$21,142,041$1,367,590$33,210$17,700,370
79$23,205,672$1,341,745$0$19,392,659
80$25,476,869$1,311,708$0$21,261,482
81$27,976,710$1,277,183$0$23,322,120
82$30,728,423$1,237,853$0$25,590,172
83$33,757,600$1,193,386$0$28,086,738
84$37,092,443$1,143,429$0$30,835,071
85$40,764,023$1,087,609$0$33,860,794
86$44,806,582$1,025,530$0$37,192,144
87$49,257,847$956,774$0$40,860,237
88$54,159,392$880,902$0$44,899,365
89$59,557,029$797,444$0$49,347,317
90$65,501,236$705,909$0$54,245,737
91$72,047,637$605,774$0$59,640,515
92$79,257,528$496,489$0$65,582,225
93$87,198,450$377,471$0$72,126,599
94$95,944,831$248,106$0$79,335,054
95$105,578,685$107,744$0$87,275,274
96$116,190,388$0$0$96,021,844
97$127,879,529$0$0$105,664,275
98$140,755,850$0$0$116,305,668
99$154,940,284$0$0$128,028,188
100$170,566,091$0$0$140,941,973