Can I retire at age 43 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$125,520$124,402$123,311$122,247$121,207$117,562
2 years$62,139$60,981$59,860$58,772$57,718$54,077
3 years$41,014$39,852$38,733$37,656$36,618$33,095
4 years$30,454$29,295$28,188$27,129$26,117$22,738
5 years$24,120$22,968$21,875$20,838$19,853$16,628
6 years$19,898$18,755$17,678$16,664$15,709$12,641
7 years$16,884$15,751$14,691$13,700$12,776$9,864
8 years$14,624$13,501$12,459$11,493$10,599$7,842
9 years$12,868$11,755$10,731$9,789$8,926$6,320
10 years$11,463$10,362$9,355$8,439$7,605$5,148
11 years$10,315$9,224$8,236$7,344$6,541$4,227
12 years$9,359$8,279$7,310$6,442$5,668$3,494
13 years$8,550$7,482$6,531$5,687$4,943$2,902
14 years$7,858$6,801$5,868$5,048$4,333$2,421
15 years$7,258$6,213$5,298$4,502$3,815$2,027
16 years$6,734$5,700$4,803$4,031$3,372$1,701
17 years$6,272$5,250$4,371$3,622$2,989$1,432
18 years$5,862$4,851$3,990$3,264$2,658$1,207
19 years$5,495$4,496$3,653$2,950$2,369$1,019
20 years$5,166$4,178$3,352$2,671$2,116$862
21 years$4,868$3,891$3,083$2,424$1,894$729
22 years$4,598$3,632$2,842$2,204$1,698$618
23 years$4,352$3,397$2,624$2,008$1,524$524
24 years$4,126$3,183$2,427$1,831$1,370$445
25 years$3,919$2,987$2,248$1,672$1,232$378
26 years$3,728$2,807$2,084$1,529$1,110$321
27 years$3,551$2,642$1,936$1,399$1,001$273
28 years$3,388$2,490$1,799$1,282$903$232
29 years$3,236$2,349$1,675$1,176$815$197
30 years$3,094$2,218$1,560$1,079$737$168
31 years$2,962$2,097$1,454$991$666$143
32 years$2,838$1,984$1,357$911$603$121
33 years$2,722$1,879$1,267$838$545$103
34 years$2,613$1,781$1,184$771$494$88
35 years$2,511$1,689$1,107$709$447$75
36 years$2,414$1,603$1,035$653$405$64
37 years$2,323$1,523$969$602$367$54
38 years$2,237$1,447$907$555$333$46
39 years$2,155$1,376$850$512$302$39
40 years$2,078$1,309$797$472$274$33
41 years$2,005$1,246$747$435$248$29
42 years$1,935$1,187$701$402$225$24
43 years$1,869$1,131$658$371$205$21
44 years$1,806$1,078$617$342$186$18
45 years$1,746$1,028$580$316$169$15
46 years$1,689$981$544$292$153$13
47 years$1,634$936$511$270$139$11
48 years$1,582$893$481$249$126$9
49 years$1,532$853$452$231$115$8
50 years$1,484$815$425$213$104$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,520,000, adding $5,431 every year, while hoping to spend $22,346 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: 40/46/14 Blend
42$1,520,000$1,520,000$1,520,000$1,520,000
43$1,680,642$1,600,082$1,576,522$1,740,657
44$1,828,292$1,654,710$1,605,560$1,838,301
45$1,990,252$1,711,266$1,634,821$1,941,268
46$2,167,961$1,769,821$1,664,290$2,052,173
47$2,362,998$1,830,447$1,693,949$2,171,747
48$2,577,108$1,893,223$1,723,780$2,300,790
49$2,812,209$1,958,227$1,753,763$2,440,185
50$3,070,415$2,025,541$1,783,875$2,590,901
51$3,354,057$2,095,252$1,814,094$2,754,002
52$3,665,699$2,167,448$1,844,395$2,930,659
53$4,008,169$2,242,222$1,874,751$3,122,159
54$4,384,581$2,319,669$1,905,134$3,329,916
55$4,798,366$2,399,890$1,935,513$3,555,487
56$5,253,303$2,482,989$1,965,857$3,800,584
57$5,753,558$2,569,073$1,996,130$4,067,089
58$6,303,717$2,658,254$2,026,297$4,357,074
59$6,908,837$2,750,649$2,056,319$4,672,818
60$7,574,486$2,846,378$2,086,153$5,016,827
61$8,306,801$2,945,568$2,115,757$5,391,862
62$9,112,543$3,048,350$2,145,083$5,800,959
63$9,999,163$3,154,859$2,174,083$6,247,460
64$10,974,867$3,265,237$2,202,705$6,735,046
65$12,048,700$3,379,631$2,230,893$7,267,764
66$13,230,629$3,498,193$2,258,588$7,850,074
67$14,531,632$3,621,083$2,285,730$8,486,884
68$15,963,808$3,748,467$2,312,252$9,183,597
69$17,540,491$3,880,516$2,338,087$9,946,162
70$19,276,369$4,017,409$2,363,160$10,781,132
71$21,187,628$4,159,332$2,387,397$11,695,720
72$23,292,107$4,306,479$2,410,714$12,697,870
73$25,609,457$4,459,052$2,433,028$13,796,330
74$28,161,335$4,617,260$2,454,249$15,000,736
75$30,971,607$4,781,321$2,474,282$16,321,697
76$34,066,567$4,951,462$2,493,026$17,770,901
77$37,475,193$5,127,919$2,510,379$19,361,219
78$41,229,414$5,310,939$2,526,228$21,106,829
79$45,364,416$5,500,777$2,540,458$23,023,347
80$49,918,971$5,697,699$2,552,948$25,127,976
81$54,935,803$5,901,983$2,563,569$27,439,663
82$60,461,992$6,113,918$2,572,186$29,979,282
83$66,549,419$6,333,803$2,578,657$32,769,825
84$73,255,253$6,561,953$2,582,836$35,836,623
85$80,642,492$6,798,692$2,584,564$39,207,581
86$88,780,559$7,044,361$2,583,680$42,913,439
87$97,745,953$7,299,312$2,580,011$46,988,066
88$107,622,976$7,563,914$2,573,376$51,468,772
89$118,504,523$7,838,549$2,563,588$56,396,664
90$130,492,965$8,123,618$2,550,449$61,817,030
91$143,701,108$8,419,537$2,533,750$67,779,768
92$158,253,265$8,726,737$2,513,274$74,339,852
93$174,286,422$9,045,672$2,488,793$81,557,850
94$191,951,539$9,376,812$2,460,069$89,500,499
95$211,414,966$9,720,646$2,426,852$98,241,325
96$232,860,021$10,077,685$2,388,879$107,861,345
97$256,488,714$10,448,463$2,345,878$118,449,821
98$282,523,658$10,833,533$2,297,560$130,105,109
99$311,210,170$11,233,474$2,243,627$142,935,579
100$342,818,582$11,648,889$2,183,763$157,060,640