Can I retire at age 43 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$132,127$130,950$129,801$128,681$127,586$127,049
2 years$65,409$64,191$63,010$61,866$60,755$60,213
3 years$43,173$41,950$40,772$39,638$38,546$38,015
4 years$32,057$30,837$29,671$28,557$27,491$26,976
5 years$25,389$24,177$23,026$21,934$20,898$20,400
6 years$20,945$19,742$18,609$17,541$16,536$16,056
7 years$17,773$16,579$15,464$14,422$13,448$12,986
8 years$15,394$14,212$13,115$12,098$11,157$10,713
9 years$13,545$12,374$11,296$10,305$9,396$8,970
10 years$12,067$10,907$9,848$8,883$8,005$7,598
11 years$10,858$9,710$8,670$7,731$6,885$6,495
12 years$9,851$8,715$7,694$6,781$5,966$5,594
13 years$9,000$7,876$6,874$5,986$5,203$4,847
14 years$8,271$7,159$6,177$5,314$4,561$4,222
15 years$7,640$6,540$5,577$4,739$4,016$3,693
16 years$7,089$6,000$5,056$4,243$3,549$3,242
17 years$6,602$5,526$4,601$3,813$3,147$2,855
18 years$6,171$5,106$4,200$3,436$2,798$2,521
19 years$5,785$4,732$3,845$3,105$2,494$2,231
20 years$5,438$4,398$3,529$2,812$2,228$1,979
21 years$5,124$4,096$3,246$2,552$1,993$1,758
22 years$4,840$3,824$2,991$2,320$1,787$1,564
23 years$4,581$3,576$2,762$2,113$1,604$1,394
24 years$4,343$3,351$2,554$1,927$1,442$1,243
25 years$4,125$3,144$2,366$1,760$1,297$1,110
26 years$3,924$2,955$2,194$1,609$1,169$993
27 years$3,738$2,781$2,038$1,473$1,054$888
28 years$3,566$2,621$1,894$1,350$951$795
29 years$3,406$2,472$1,763$1,238$858$712
30 years$3,257$2,335$1,642$1,136$776$638
31 years$3,118$2,207$1,531$1,043$701$573
32 years$2,987$2,088$1,428$959$634$514
33 years$2,865$1,978$1,333$882$574$461
34 years$2,751$1,875$1,246$811$520$414
35 years$2,643$1,778$1,165$747$471$372
36 years$2,541$1,688$1,090$688$427$334
37 years$2,445$1,603$1,020$634$387$300
38 years$2,355$1,523$955$584$350$270
39 years$2,269$1,448$895$539$318$243
40 years$2,187$1,378$839$497$288$218
41 years$2,110$1,312$786$458$262$196
42 years$2,037$1,249$738$423$237$177
43 years$1,967$1,190$692$390$215$159
44 years$1,901$1,135$650$361$195$143
45 years$1,838$1,082$610$333$177$129
46 years$1,778$1,032$573$308$161$116
47 years$1,720$985$538$284$146$104
48 years$1,665$940$506$263$133$94
49 years$1,612$898$476$243$121$85
50 years$1,562$858$447$224$110$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,600,000, adding $5,917 every year, while hoping to spend $21,481 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: 58/25/17 Blend
42$1,600,000$1,600,000$1,600,000$1,600,000
43$1,769,303$1,684,503$1,659,703$1,863,760
44$1,926,917$1,744,188$1,692,448$1,988,138
45$2,099,887$1,806,078$1,725,569$2,120,799
46$2,289,757$1,870,258$1,759,058$2,264,929
47$2,498,228$1,936,816$1,792,902$2,421,635
48$2,727,173$2,005,846$1,827,090$2,592,138
49$2,978,655$2,077,443$1,861,608$2,777,780
50$3,254,948$2,151,707$1,896,441$2,980,036
51$3,558,555$2,228,744$1,931,575$3,200,532
52$3,892,236$2,308,660$1,966,991$3,441,057
53$4,259,029$2,391,570$2,002,671$3,703,579
54$4,662,284$2,477,591$2,038,594$3,990,267
55$5,105,689$2,566,845$2,074,739$4,303,507
56$5,593,308$2,659,459$2,111,082$4,645,925
57$6,129,620$2,755,567$2,147,598$5,020,415
58$6,719,559$2,855,308$2,184,259$5,430,162
59$7,368,560$2,958,824$2,221,038$5,878,672
60$8,082,612$3,066,265$2,257,902$6,369,807
61$8,868,316$3,177,789$2,294,819$6,907,822
62$9,732,941$3,293,558$2,331,752$7,497,399
63$10,684,500$3,413,741$2,368,665$8,143,698
64$11,731,820$3,538,516$2,405,516$8,852,400
65$12,884,628$3,668,065$2,442,263$9,629,763
66$14,153,642$3,802,582$2,478,861$10,482,679
67$15,550,671$3,942,266$2,515,260$11,418,741
68$17,088,727$4,087,325$2,551,409$12,446,311
69$18,782,149$4,237,976$2,587,253$13,574,602
70$20,646,738$4,394,446$2,622,735$14,813,761
71$22,699,901$4,556,970$2,657,794$16,174,967
72$24,960,825$4,725,795$2,692,363$17,670,535
73$27,450,646$4,901,177$2,726,375$19,314,031
74$30,192,660$5,083,382$2,759,756$21,120,401
75$33,212,534$5,272,690$2,792,430$23,106,111
76$36,538,551$5,469,391$2,824,316$25,289,301
77$40,201,881$5,673,788$2,855,327$27,689,956
78$44,236,866$5,886,197$2,885,374$30,330,095
79$48,681,353$6,106,948$2,914,361$33,233,977
80$53,577,046$6,336,384$2,942,188$36,428,331
81$58,969,901$6,574,863$2,968,747$39,942,606
82$64,910,560$6,822,759$2,993,929$43,809,247
83$71,454,825$7,080,463$3,017,614$48,064,004
84$78,664,193$7,348,381$3,039,679$52,746,268
85$86,606,427$7,626,938$3,059,995$57,899,439
86$95,356,201$7,916,576$3,078,423$63,571,338
87$104,995,803$8,217,759$3,094,820$69,814,656
88$115,615,913$8,530,967$3,109,034$76,687,453
89$127,316,456$8,856,704$3,120,907$84,253,699
90$140,207,547$9,195,495$3,130,270$92,583,887
91$154,410,532$9,547,889$3,136,949$101,755,686
92$170,059,128$9,914,458$3,140,758$111,854,683
93$187,300,690$10,295,797$3,141,505$122,975,184
94$206,297,601$10,692,532$3,138,987$135,221,104
95$227,228,803$11,105,313$3,132,989$148,706,951
96$250,291,486$11,534,818$3,123,289$163,558,899
97$275,702,951$11,981,757$3,109,653$179,915,983
98$303,702,660$12,446,871$3,091,834$197,931,410
99$334,554,496$12,930,933$3,069,576$217,774,001
100$368,549,256$13,434,751$3,042,608$239,629,785