Can I retire at age 43 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$84,231$83,480$82,748$82,034$81,336$80,088
2 years$41,698$40,922$40,169$39,439$38,732$37,477
3 years$27,523$26,743$25,992$25,269$24,573$23,351
4 years$20,436$19,659$18,916$18,205$17,526$16,346
5 years$16,186$15,413$14,679$13,983$13,323$12,188
6 years$13,353$12,586$11,863$11,182$10,542$9,454
7 years$11,330$10,569$9,858$9,194$8,573$7,533
8 years$9,814$9,060$8,361$7,712$7,112$6,119
9 years$8,635$7,888$7,201$6,569$5,990$5,043
10 years$7,692$6,953$6,278$5,663$5,103$4,203
11 years$6,922$6,190$5,527$4,928$4,389$3,533
12 years$6,280$5,556$4,905$4,323$3,804$2,991
13 years$5,738$5,021$4,382$3,816$3,317$2,547
14 years$5,273$4,564$3,938$3,388$2,907$2,179
15 years$4,871$4,169$3,555$3,021$2,560$1,872
16 years$4,519$3,825$3,223$2,705$2,262$1,613
17 years$4,209$3,523$2,933$2,431$2,006$1,394
18 years$3,934$3,255$2,677$2,190$1,784$1,208
19 years$3,688$3,017$2,451$1,979$1,590$1,048
20 years$3,467$2,803$2,249$1,793$1,420$911
21 years$3,267$2,611$2,069$1,627$1,271$794
22 years$3,085$2,438$1,907$1,479$1,139$692
23 years$2,920$2,280$1,761$1,347$1,023$604
24 years$2,769$2,136$1,628$1,229$919$528
25 years$2,630$2,005$1,508$1,122$827$461
26 years$2,502$1,884$1,399$1,026$745$404
27 years$2,383$1,773$1,299$939$672$354
28 years$2,273$1,671$1,208$860$606$310
29 years$2,171$1,576$1,124$789$547$272
30 years$2,076$1,488$1,047$724$494$238
31 years$1,988$1,407$976$665$447$209
32 years$1,905$1,331$910$611$404$183
33 years$1,827$1,261$850$562$366$161
34 years$1,754$1,195$794$517$331$141
35 years$1,685$1,133$743$476$300$124
36 years$1,620$1,076$695$438$272$109
37 years$1,559$1,022$650$404$246$96
38 years$1,501$971$609$372$223$84
39 years$1,446$923$570$343$203$74
40 years$1,395$879$535$317$184$65
41 years$1,345$836$501$292$167$57
42 years$1,299$796$470$270$151$50
43 years$1,254$759$441$249$137$44
44 years$1,212$723$414$230$125$39
45 years$1,172$690$389$212$113$34
46 years$1,133$658$365$196$103$30
47 years$1,097$628$343$181$93$26
48 years$1,061$599$323$167$85$23
49 years$1,028$572$303$155$77$20
50 years$996$547$285$143$70$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,020,000, adding $3,038 every year, while hoping to spend $36,829 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: 61/30/9 Blend
42$1,020,000$1,020,000$1,020,000$1,020,000
43$1,127,174$1,073,114$1,057,304$1,193,512
44$1,202,960$1,086,510$1,053,538$1,251,705
45$1,285,241$1,099,329$1,048,411$1,310,673
46$1,374,643$1,111,503$1,041,839$1,374,092
47$1,471,850$1,122,960$1,033,734$1,442,393
48$1,577,617$1,133,624$1,024,003$1,516,051
49$1,692,775$1,143,413$1,012,548$1,595,589
50$1,818,238$1,152,240$999,268$1,681,585
51$1,955,011$1,160,012$984,057$1,774,677
52$2,104,201$1,166,632$966,802$1,875,567
53$2,267,027$1,171,995$947,388$1,985,030
54$2,444,830$1,175,988$925,691$2,103,921
55$2,639,085$1,178,494$901,584$2,233,184
56$2,851,418$1,179,386$874,933$2,373,859
57$3,083,618$1,178,532$845,599$2,527,095
58$3,337,655$1,175,788$813,434$2,694,156
59$3,615,698$1,171,004$778,287$2,876,440
60$3,920,136$1,164,020$739,996$3,075,487
61$4,253,600$1,154,667$698,396$3,292,997
62$4,618,985$1,142,764$653,310$3,530,844
63$5,019,483$1,128,120$604,558$3,791,096
64$5,458,606$1,110,534$551,946$4,076,033
65$5,940,225$1,089,791$495,277$4,388,171
66$6,468,601$1,065,664$434,342$4,730,285
67$7,048,430$1,037,913$368,924$5,105,434
68$7,684,882$1,006,283$298,795$5,516,994
69$8,383,653$970,504$223,718$5,968,688
70$9,151,020$930,292$143,446$6,464,620
71$9,993,893$885,346$57,721$7,009,318
72$10,919,887$835,345$0$7,607,777
73$11,937,391$779,952$0$8,268,744
74$13,055,646$718,811$0$9,001,177
75$14,284,834$651,545$0$9,806,252
76$15,636,170$577,754$0$10,691,383
77$17,122,012$497,017$0$11,664,744
78$18,755,976$408,889$0$12,735,348
79$20,553,060$312,899$0$13,913,130
80$22,529,793$208,552$0$15,209,043
81$24,704,382$95,321$0$16,635,163
82$27,096,891$0$0$18,204,800
83$29,729,424$0$0$19,941,660
84$32,626,338$0$0$21,887,667
85$35,814,470$0$0$24,029,394
86$39,323,389$0$0$26,386,717
87$43,185,676$0$0$28,981,535
88$47,437,233$0$0$31,837,981
89$52,117,617$0$0$34,982,645
90$57,270,417$0$0$38,444,827
91$62,943,661$0$0$42,256,810
92$69,190,274$0$0$46,454,170
93$76,068,572$0$0$51,076,106
94$83,642,814$0$0$56,165,814
95$91,983,809$0$0$61,770,890
96$101,169,582$0$0$67,943,783
97$111,286,112$0$0$74,742,287
98$122,428,141$0$0$82,230,088
99$134,700,069$0$0$90,477,364
100$148,216,937$0$0$99,561,446