Can I retire at age 43 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$110,656$109,670$108,709$107,770$106,853$105,257
2 years$54,780$53,760$52,771$51,813$50,883$49,277
3 years$36,157$35,133$34,146$33,197$32,282$30,718
4 years$26,848$25,826$24,850$23,916$23,024$21,514
5 years$21,263$20,248$19,285$18,370$17,502$16,050
6 years$17,542$16,534$15,585$14,691$13,849$12,457
7 years$14,885$13,885$12,951$12,078$11,263$9,931
8 years$12,893$11,902$10,983$10,132$9,344$8,072
9 years$11,344$10,363$9,460$8,630$7,869$6,656
10 years$10,106$9,135$8,248$7,439$6,705$5,550
11 years$9,093$8,132$7,261$6,474$5,766$4,669
12 years$8,250$7,299$6,444$5,679$4,997$3,956
13 years$7,538$6,596$5,757$5,014$4,357$3,371
14 years$6,927$5,996$5,173$4,451$3,820$2,886
15 years$6,399$5,477$4,670$3,969$3,363$2,480
16 years$5,937$5,025$4,234$3,554$2,972$2,139
17 years$5,529$4,628$3,853$3,193$2,635$1,850
18 years$5,168$4,276$3,517$2,878$2,343$1,604
19 years$4,845$3,963$3,220$2,600$2,089$1,393
20 years$4,554$3,683$2,955$2,355$1,866$1,212
21 years$4,292$3,430$2,718$2,137$1,670$1,056
22 years$4,053$3,202$2,505$1,943$1,496$922
23 years$3,836$2,995$2,313$1,770$1,343$805
24 years$3,637$2,806$2,139$1,614$1,207$704
25 years$3,455$2,633$1,981$1,474$1,086$616
26 years$3,286$2,475$1,838$1,348$979$540
27 years$3,131$2,329$1,706$1,234$882$473
28 years$2,987$2,195$1,586$1,130$796$415
29 years$2,853$2,071$1,476$1,037$719$364
30 years$2,728$1,955$1,375$951$650$319
31 years$2,611$1,849$1,282$874$587$280
32 years$2,502$1,749$1,196$803$531$246
33 years$2,400$1,656$1,117$738$481$216
34 years$2,304$1,570$1,043$679$435$190
35 years$2,213$1,489$976$625$394$167
36 years$2,128$1,413$913$576$357$147
37 years$2,048$1,342$854$531$324$129
38 years$1,972$1,276$800$489$294$113
39 years$1,900$1,213$749$451$266$100
40 years$1,832$1,154$702$416$241$88
41 years$1,767$1,099$659$384$219$77
42 years$1,706$1,046$618$354$199$68
43 years$1,648$997$580$327$180$60
44 years$1,592$950$544$302$164$53
45 years$1,539$906$511$279$149$46
46 years$1,489$864$480$258$135$41
47 years$1,441$825$451$238$123$36
48 years$1,394$788$424$220$111$32
49 years$1,350$752$398$203$101$28
50 years$1,308$718$374$188$92$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,340,000, adding $3,742 every year, while hoping to spend $21,275 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: 53/38/9 Blend
42$1,340,000$1,340,000$1,340,000$1,340,000
43$1,480,540$1,409,520$1,388,750$1,555,469
44$1,608,919$1,455,950$1,412,637$1,653,186
45$1,749,679$1,503,942$1,436,610$1,756,812
46$1,904,061$1,553,550$1,460,652$1,869,048
47$2,073,431$1,604,830$1,484,740$1,990,710
48$2,259,295$1,657,841$1,508,853$2,122,698
49$2,463,310$1,712,642$1,532,966$2,266,004
50$2,687,301$1,769,295$1,557,054$2,421,715
51$2,933,281$1,827,865$1,581,090$2,591,030
52$3,203,465$1,888,420$1,605,046$2,775,267
53$3,500,293$1,951,028$1,628,890$2,975,876
54$3,826,456$2,015,761$1,652,590$3,194,455
55$4,184,915$2,082,693$1,676,112$3,432,758
56$4,578,933$2,151,902$1,699,419$3,692,721
57$5,012,107$2,223,468$1,722,473$3,976,470
58$5,488,398$2,297,474$1,745,231$4,286,351
59$6,012,169$2,374,005$1,767,651$4,624,940
60$6,588,230$2,453,151$1,789,687$4,995,079
61$7,221,878$2,535,003$1,811,290$5,399,893
62$7,918,950$2,619,659$1,832,408$5,842,826
63$8,685,876$2,707,216$1,852,988$6,327,668
64$9,529,745$2,797,778$1,872,972$6,858,594
65$10,458,361$2,891,452$1,892,299$7,440,200
66$11,480,329$2,988,348$1,910,906$8,077,550
67$12,605,127$3,088,582$1,928,726$8,776,218
68$13,843,200$3,192,272$1,945,688$9,542,348
69$15,206,054$3,299,541$1,961,717$10,382,701
70$16,706,372$3,410,519$1,976,734$11,304,728
71$18,358,124$3,525,337$1,990,658$12,316,636
72$20,176,709$3,644,134$2,003,400$13,427,463
73$22,179,089$3,767,053$2,014,870$14,647,167
74$24,383,960$3,894,242$2,024,972$15,986,716
75$26,811,920$4,025,856$2,033,604$17,458,194
76$29,485,666$4,162,053$2,040,661$19,074,910
77$32,430,211$4,303,001$2,046,030$20,851,531
78$35,673,115$4,448,871$2,049,594$22,804,210
79$39,244,749$4,599,841$2,051,232$24,950,745
80$43,178,578$4,756,098$2,050,813$27,310,745
81$47,511,479$4,917,834$2,048,202$29,905,813
82$52,284,091$5,085,248$2,043,257$32,759,749
83$57,541,191$5,258,548$2,035,829$35,898,777
84$63,332,126$5,437,951$2,025,763$39,351,788
85$69,711,271$5,623,678$2,012,894$43,150,616
86$76,738,545$5,815,963$1,997,050$47,330,333
87$84,479,978$6,015,047$1,978,053$51,929,585
88$93,008,332$6,221,180$1,955,714$56,990,951
89$102,403,787$6,434,622$1,929,835$62,561,347
90$112,754,699$6,655,645$1,900,210$68,692,467
91$124,158,434$6,884,528$1,866,624$75,441,270
92$136,722,288$7,121,562$1,828,848$82,870,520
93$150,564,494$7,367,052$1,786,648$91,049,370
94$165,815,347$7,621,312$1,739,775$100,054,023
95$182,618,424$7,884,669$1,687,970$109,968,443
96$201,131,948$8,157,462$1,630,961$120,885,153
97$221,530,274$8,440,045$1,568,466$132,906,100
98$244,005,540$8,732,785$1,500,188$146,143,624
99$268,769,477$9,036,064$1,425,816$160,721,513
100$296,055,410$9,350,277$1,345,027$176,776,169