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%18.7%
1 years$82,579$81,843$81,126$80,425$79,741$76,943
2 years$40,881$40,119$39,381$38,666$37,972$35,182
3 years$26,983$26,218$25,482$24,774$24,091$21,397
4 years$20,036$19,273$18,545$17,848$17,182$14,605
5 years$15,868$15,111$14,391$13,709$13,061$10,608
6 years$13,091$12,339$11,630$10,963$10,335$8,006
7 years$11,108$10,362$9,665$9,013$8,405$6,202
8 years$9,621$8,882$8,197$7,561$6,973$4,892
9 years$8,466$7,734$7,060$6,440$5,872$3,912
10 years$7,542$6,817$6,155$5,552$5,003$3,160
11 years$6,786$6,069$5,419$4,832$4,303$2,573
12 years$6,157$5,447$4,809$4,238$3,729$2,109
13 years$5,625$4,922$4,296$3,742$3,252$1,736
14 years$5,170$4,474$3,860$3,321$2,850$1,435
15 years$4,775$4,087$3,485$2,962$2,510$1,191
16 years$4,430$3,750$3,160$2,652$2,218$990
17 years$4,126$3,454$2,875$2,383$1,967$825
18 years$3,857$3,191$2,625$2,148$1,749$689
19 years$3,615$2,958$2,403$1,940$1,559$576
20 years$3,399$2,748$2,205$1,757$1,392$482
21 years$3,203$2,560$2,029$1,595$1,246$404
22 years$3,025$2,390$1,870$1,450$1,117$339
23 years$2,863$2,235$1,726$1,321$1,002$285
24 years$2,714$2,094$1,596$1,205$901$239
25 years$2,578$1,965$1,479$1,100$811$201
26 years$2,453$1,847$1,371$1,006$730$169
27 years$2,336$1,738$1,273$921$658$142
28 years$2,229$1,638$1,184$844$594$119
29 years$2,129$1,545$1,102$774$537$100
30 years$2,036$1,459$1,026$710$485$85
31 years$1,949$1,380$957$652$438$71
32 years$1,867$1,305$893$599$396$60
33 years$1,791$1,236$833$551$359$50
34 years$1,719$1,172$779$507$325$42
35 years$1,652$1,111$728$467$294$36
36 years$1,588$1,055$681$430$267$30
37 years$1,528$1,002$637$396$242$25
38 years$1,472$952$597$365$219$21
39 years$1,418$905$559$337$199$18
40 years$1,367$861$524$310$180$15
41 years$1,319$820$492$286$163$13
42 years$1,273$781$461$264$148$11
43 years$1,230$744$433$244$135$9
44 years$1,188$709$406$225$122$8
45 years$1,149$676$381$208$111$6
46 years$1,111$645$358$192$101$5
47 years$1,075$616$336$178$91$5
48 years$1,041$588$316$164$83$4
49 years$1,008$561$297$152$75$3
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 $2,443 every year, while hoping to spend $33,955 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: 39/35/26 Blend
42$1,000,000$1,000,000$1,000,000$1,000,000
43$1,104,520$1,051,520$1,036,020$1,138,990
44$1,181,053$1,066,917$1,034,599$1,179,690
45$1,264,255$1,081,930$1,031,992$1,220,335
46$1,354,769$1,096,504$1,028,124$1,263,625
47$1,453,305$1,110,582$1,022,915$1,309,822
48$1,560,642$1,124,101$1,016,284$1,359,217
49$1,677,640$1,136,994$1,008,141$1,412,130
50$1,805,242$1,149,190$998,397$1,468,918
51$1,944,489$1,160,613$986,956$1,529,973
52$2,096,525$1,171,181$973,717$1,595,731
53$2,262,611$1,180,809$958,576$1,666,673
54$2,444,133$1,189,404$941,424$1,743,333
55$2,642,618$1,196,869$922,145$1,826,300
56$2,859,748$1,203,098$900,620$1,916,226
57$3,097,374$1,207,982$876,723$2,013,833
58$3,357,535$1,211,402$850,322$2,119,918
59$3,642,475$1,213,232$821,279$2,235,363
60$3,954,667$1,213,340$789,452$2,361,143
61$4,296,834$1,211,584$754,689$2,498,336
62$4,671,973$1,207,814$716,833$2,648,134
63$5,083,388$1,201,871$675,721$2,811,853
64$5,534,715$1,193,584$631,179$2,990,948
65$6,029,962$1,182,776$583,030$3,187,028
66$6,573,541$1,169,255$531,084$3,401,868
67$7,170,314$1,152,820$475,147$3,637,432
68$7,825,636$1,133,258$415,014$3,895,888
69$8,545,404$1,110,341$350,471$4,179,629
70$9,336,118$1,083,830$281,294$4,491,303
71$10,204,935$1,053,471$207,251$4,833,828
72$11,159,743$1,018,996$128,098$5,210,431
73$12,209,229$980,119$43,582$5,624,674
74$13,362,966$936,540$0$6,080,487
75$14,631,498$887,940$0$6,595,144
76$16,026,444$833,982$0$7,174,249
77$17,560,604$774,310$0$7,811,068
78$19,248,081$708,547$0$8,511,524
79$21,104,414$636,295$0$9,282,148
80$23,146,724$557,133$0$10,130,144
81$25,393,874$470,616$0$11,063,453
82$27,866,648$376,275$0$12,090,837
83$30,587,947$273,613$0$13,221,953
84$33,583,003$162,106$0$14,467,454
85$36,879,620$41,200$0$15,839,085
86$40,508,434$0$0$17,349,796
87$44,503,200$0$0$19,048,411
88$48,901,114$0$0$20,936,084
89$53,743,160$0$0$23,014,559
90$59,074,500$0$0$25,303,242
91$64,944,898$0$0$27,823,519
92$71,409,187$0$0$30,598,954
93$78,527,791$0$0$33,655,512
94$86,367,291$0$0$37,021,806
95$95,001,054$0$0$40,729,365
96$104,509,926$0$0$44,812,932
97$114,982,995$0$0$49,310,792
98$126,518,427$0$0$54,265,133
99$139,224,400$0$0$59,722,442
100$153,220,116$0$0$65,733,948