Can I retire at age 43 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$128,823$127,676$126,556$125,464$124,397$121,785
2 years$63,774$62,586$61,435$60,319$59,236$56,618
3 years$42,094$40,901$39,753$38,647$37,582$35,038
4 years$31,256$30,066$28,930$27,843$26,804$24,354
5 years$24,754$23,572$22,451$21,386$20,376$18,027
6 years$20,422$19,249$18,143$17,103$16,123$13,877
7 years$17,328$16,165$15,077$14,061$13,112$10,971
8 years$15,009$13,856$12,787$11,795$10,878$8,840
9 years$13,206$12,064$11,013$10,047$9,161$7,224
10 years$11,765$10,634$9,602$8,661$7,805$5,969
11 years$10,586$9,467$8,453$7,537$6,713$4,974
12 years$9,605$8,497$7,502$6,611$5,817$4,173
13 years$8,775$7,679$6,702$5,837$5,073$3,521
14 years$8,065$6,980$6,022$5,181$4,447$2,984
15 years$7,449$6,376$5,437$4,621$3,915$2,539
16 years$6,911$5,850$4,930$4,137$3,460$2,166
17 years$6,437$5,388$4,486$3,717$3,068$1,854
18 years$6,016$4,979$4,095$3,350$2,728$1,589
19 years$5,640$4,614$3,749$3,027$2,432$1,365
20 years$5,302$4,288$3,440$2,742$2,172$1,175
21 years$4,996$3,994$3,164$2,488$1,944$1,012
22 years$4,719$3,728$2,917$2,262$1,742$873
23 years$4,466$3,487$2,693$2,060$1,564$754
24 years$4,235$3,267$2,491$1,879$1,406$651
25 years$4,022$3,066$2,307$1,716$1,265$563
26 years$3,826$2,881$2,139$1,569$1,139$488
27 years$3,645$2,712$1,987$1,436$1,027$422
28 years$3,477$2,555$1,847$1,316$927$366
29 years$3,321$2,411$1,719$1,207$837$317
30 years$3,175$2,276$1,601$1,108$756$275
31 years$3,040$2,152$1,492$1,017$684$238
32 years$2,913$2,036$1,392$935$618$207
33 years$2,794$1,928$1,300$860$560$179
34 years$2,682$1,828$1,215$791$507$155
35 years$2,577$1,733$1,136$728$459$135
36 years$2,478$1,645$1,062$671$416$117
37 years$2,384$1,563$994$618$377$102
38 years$2,296$1,485$931$569$342$88
39 years$2,212$1,412$872$525$310$77
40 years$2,133$1,344$818$484$281$67
41 years$2,058$1,279$767$447$255$58
42 years$1,986$1,218$719$412$231$50
43 years$1,918$1,161$675$381$210$44
44 years$1,854$1,106$634$351$191$38
45 years$1,792$1,055$595$325$173$33
46 years$1,733$1,006$559$300$157$29
47 years$1,677$960$525$277$143$25
48 years$1,623$917$493$256$130$22
49 years$1,572$875$464$237$118$19
50 years$1,523$836$436$219$107$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,560,000, adding $3,947 every year, while hoping to spend $55,087 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: 64/25/11 Blend
42$1,560,000$1,560,000$1,560,000$1,560,000
43$1,723,191$1,640,511$1,616,331$1,828,978
44$1,840,345$1,662,284$1,611,866$1,921,898
45$1,967,601$1,683,278$1,605,405$2,016,570
46$2,105,934$1,703,395$1,596,824$2,118,588
47$2,256,412$1,722,535$1,585,990$2,228,664
48$2,420,212$1,740,585$1,572,767$2,347,585
49$2,598,630$1,757,430$1,557,011$2,476,215
50$2,793,091$1,772,944$1,538,571$2,615,512
51$3,005,162$1,786,995$1,517,290$2,766,528
52$3,236,571$1,799,440$1,493,001$2,930,425
53$3,489,218$1,810,129$1,465,533$3,108,484
54$3,765,194$1,818,901$1,434,704$3,302,118
55$4,066,801$1,825,585$1,400,324$3,512,885
56$4,396,576$1,830,000$1,362,196$3,742,502
57$4,757,309$1,831,952$1,320,112$3,992,865
58$5,152,074$1,831,237$1,273,855$4,266,063
59$5,584,254$1,827,636$1,223,198$4,564,399
60$6,057,577$1,820,919$1,167,904$4,890,416
61$6,576,146$1,810,841$1,107,725$5,246,914
62$7,144,482$1,797,141$1,042,403$5,636,985
63$7,767,561$1,779,542$971,665$6,064,035
64$8,450,866$1,757,753$895,229$6,531,823
65$9,200,434$1,731,464$812,800$7,044,492
66$10,022,918$1,700,345$724,068$7,606,613
67$10,925,642$1,664,049$628,711$8,223,223
68$11,916,677$1,622,206$526,392$8,899,880
69$13,004,910$1,574,426$416,758$9,642,711
70$14,200,134$1,520,296$299,443$10,458,472
71$15,513,136$1,459,379$174,062$11,354,612
72$16,955,798$1,391,211$40,216$12,339,346
73$18,541,212$1,315,303$0$13,421,731
74$20,283,800$1,231,137$0$14,623,799
75$22,199,451$1,138,166$0$15,950,335
76$24,305,669$1,035,810$0$17,408,809
77$26,621,741$923,458$0$19,012,662
78$29,168,913$800,463$0$20,776,710
79$31,970,598$666,141$0$22,717,284
80$35,052,588$519,771$0$24,852,387
81$38,443,302$360,590$0$27,201,861
82$42,174,052$187,792$0$29,787,580
83$46,279,340$528$0$32,633,652
84$50,797,177$0$0$35,766,652
85$55,769,451$0$0$39,271,471
86$61,242,312$0$0$43,129,429
87$67,266,613$0$0$47,376,246
88$73,898,386$0$0$52,051,438
89$81,199,373$0$0$57,198,549
90$89,237,607$0$0$62,865,557
91$98,088,051$0$0$69,105,332
92$107,833,309$0$0$75,976,130
93$118,564,402$0$0$83,542,144
94$130,381,627$0$0$91,874,110
95$143,395,505$0$0$101,049,972
96$157,727,819$0$0$111,155,620
97$173,512,767$0$0$122,285,699
98$190,898,227$0$0$134,544,500
99$210,047,149$0$0$148,046,948
100$231,139,096$0$0$162,919,680