Can I retire at age 43 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$83,405$82,662$81,937$81,230$80,539$78,688
2 years$41,290$40,521$39,775$39,053$38,352$36,497
3 years$27,253$26,481$25,737$25,021$24,332$22,532
4 years$20,236$19,466$18,730$18,027$17,354$15,622
5 years$16,027$15,262$14,535$13,846$13,192$11,533
6 years$13,222$12,462$11,747$11,073$10,438$8,854
7 years$11,219$10,466$9,762$9,104$8,489$6,980
8 years$9,717$8,971$8,279$7,637$7,043$5,608
9 years$8,550$7,811$7,130$6,505$5,931$4,569
10 years$7,617$6,885$6,216$5,607$5,053$3,764
11 years$6,854$6,129$5,473$4,880$4,346$3,126
12 years$6,219$5,501$4,857$4,280$3,766$2,615
13 years$5,681$4,972$4,339$3,779$3,284$2,199
14 years$5,221$4,519$3,899$3,355$2,879$1,857
15 years$4,823$4,128$3,520$2,992$2,535$1,574
16 years$4,475$3,788$3,192$2,679$2,240$1,339
17 years$4,168$3,488$2,904$2,407$1,986$1,141
18 years$3,895$3,223$2,651$2,169$1,766$975
19 years$3,652$2,987$2,427$1,960$1,574$834
20 years$3,433$2,776$2,227$1,775$1,406$715
21 years$3,235$2,586$2,049$1,611$1,258$614
22 years$3,055$2,414$1,888$1,465$1,128$528
23 years$2,891$2,257$1,743$1,334$1,013$454
24 years$2,742$2,115$1,612$1,217$910$391
25 years$2,604$1,985$1,493$1,111$819$336
26 years$2,477$1,865$1,385$1,016$738$290
27 years$2,360$1,756$1,286$930$665$250
28 years$2,251$1,654$1,196$852$600$216
29 years$2,150$1,561$1,113$781$542$186
30 years$2,056$1,474$1,036$717$490$161
31 years$1,968$1,393$966$659$443$139
32 years$1,886$1,318$901$605$400$120
33 years$1,809$1,248$842$557$362$104
34 years$1,736$1,183$786$512$328$89
35 years$1,668$1,122$735$471$297$77
36 years$1,604$1,065$688$434$269$67
37 years$1,544$1,012$644$400$244$58
38 years$1,486$962$603$369$221$50
39 years$1,432$914$565$340$201$43
40 years$1,381$870$529$314$182$37
41 years$1,332$828$496$289$165$32
42 years$1,286$789$466$267$150$28
43 years$1,242$751$437$246$136$24
44 years$1,200$716$410$228$123$21
45 years$1,160$683$385$210$112$18
46 years$1,122$652$362$194$102$16
47 years$1,086$622$340$179$92$14
48 years$1,051$594$319$166$84$12
49 years$1,018$567$300$153$76$10
50 years$986$541$282$142$69$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,010,000, adding $4,191 every year, while hoping to spend $45,488 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: 42/50/8 Blend
42$1,010,000$1,010,000$1,010,000$1,010,000
43$1,117,343$1,063,813$1,048,158$1,161,480
44$1,182,913$1,067,541$1,034,872$1,196,377
45$1,253,647$1,069,927$1,019,617$1,229,212
46$1,330,023$1,070,857$1,002,278$1,263,727
47$1,412,567$1,070,211$982,737$1,300,090
48$1,501,857$1,067,860$960,867$1,338,493
49$1,598,530$1,063,668$936,539$1,379,148
50$1,703,282$1,057,490$909,615$1,422,290
51$1,816,883$1,049,173$879,953$1,468,182
52$1,940,177$1,038,555$847,403$1,517,120
53$2,074,092$1,025,462$811,809$1,569,428
54$2,219,652$1,009,712$773,007$1,625,471
55$2,377,980$991,111$730,827$1,685,654
56$2,550,314$969,455$685,088$1,750,426
57$2,738,013$944,525$635,606$1,820,289
58$2,942,576$916,093$582,185$1,895,799
59$3,165,650$883,913$524,620$1,977,574
60$3,409,051$847,729$462,699$2,066,302
61$3,674,775$807,268$396,200$2,162,744
62$3,965,019$762,242$324,890$2,267,750
63$4,282,204$712,345$248,526$2,382,257
64$4,628,993$657,254$166,857$2,507,310
65$5,008,321$596,629$79,616$2,644,066
66$5,423,415$530,110$0$2,793,807
67$5,877,833$457,315$0$2,959,107
68$6,375,490$377,841$0$3,147,720
69$6,920,699$291,264$0$3,354,614
70$7,518,208$197,135$0$3,581,752
71$8,173,249$94,978$0$3,831,307
72$8,891,582$0$0$4,105,682
73$9,679,552$0$0$4,416,177
74$10,544,148$0$0$4,814,333
75$11,493,066$0$0$5,251,454
76$12,534,786$0$0$5,731,462
77$13,678,649$0$0$6,258,679
78$14,934,944$0$0$6,837,863
79$16,315,004$0$0$7,474,259
80$17,831,316$0$0$8,173,644
81$19,497,636$0$0$8,942,383
82$21,329,118$0$0$9,787,486
83$23,342,456$0$0$10,716,678
84$25,556,045$0$0$11,738,470
85$27,990,148$0$0$12,862,239
86$30,667,093$0$0$14,098,316
87$33,611,477$0$0$15,458,082
88$36,850,404$0$0$16,954,079
89$40,413,733$0$0$18,600,125
90$44,334,366$0$0$20,411,444
91$48,648,555$0$0$22,404,813
92$53,396,242$0$0$24,598,714
93$58,621,437$0$0$27,013,514
94$64,372,633$0$0$29,671,655
95$70,703,264$0$0$32,597,863
96$77,672,204$0$0$35,819,384
97$85,344,328$0$0$39,366,242
98$93,791,120$0$0$43,271,518
99$103,091,348$0$0$47,571,664
100$113,331,805$0$0$52,306,848