Can I retire at age 43 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$135,430$134,223$133,046$131,898$130,776$127,459
2 years$67,044$65,796$64,586$63,412$62,274$58,954
3 years$44,252$42,998$41,791$40,629$39,509$36,290
4 years$32,858$31,608$30,413$29,271$28,178$25,084
5 years$26,024$24,781$23,602$22,483$21,421$18,461
6 years$21,469$20,236$19,074$17,980$16,950$14,126
7 years$18,217$16,994$15,850$14,782$13,784$11,098
8 years$15,779$14,567$13,442$12,400$11,436$8,885
9 years$13,884$12,683$11,578$10,562$9,630$7,214
10 years$12,368$11,180$10,094$9,105$8,206$5,920
11 years$11,129$9,953$8,887$7,924$7,057$4,899
12 years$10,098$8,933$7,887$6,950$6,116$4,081
13 years$9,225$8,073$7,046$6,136$5,333$3,418
14 years$8,478$7,338$6,331$5,447$4,675$2,875
15 years$7,831$6,703$5,716$4,858$4,116$2,427
16 years$7,266$6,150$5,182$4,350$3,638$2,055
17 years$6,767$5,664$4,716$3,908$3,225$1,744
18 years$6,325$5,234$4,305$3,522$2,868$1,484
19 years$5,929$4,851$3,941$3,182$2,556$1,264
20 years$5,574$4,507$3,617$2,882$2,283$1,079
21 years$5,253$4,199$3,327$2,616$2,043$922
22 years$4,961$3,919$3,066$2,378$1,832$788
23 years$4,695$3,666$2,831$2,166$1,644$675
24 years$4,452$3,434$2,618$1,976$1,478$578
25 years$4,228$3,223$2,425$1,804$1,330$495
26 years$4,022$3,029$2,249$1,650$1,198$425
27 years$3,832$2,851$2,088$1,510$1,080$365
28 years$3,655$2,686$1,941$1,383$974$313
29 years$3,491$2,534$1,807$1,269$880$269
30 years$3,338$2,393$1,683$1,164$795$231
31 years$3,196$2,262$1,569$1,069$719$198
32 years$3,062$2,141$1,464$983$650$171
33 years$2,937$2,027$1,367$904$588$147
34 years$2,819$1,921$1,277$831$533$126
35 years$2,709$1,822$1,194$765$483$108
36 years$2,605$1,730$1,117$705$437$93
37 years$2,506$1,643$1,045$650$396$80
38 years$2,413$1,561$979$599$359$69
39 years$2,325$1,485$917$552$326$59
40 years$2,242$1,412$860$509$295$51
41 years$2,163$1,345$806$470$268$44
42 years$2,088$1,281$756$434$243$38
43 years$2,017$1,220$710$400$221$32
44 years$1,949$1,163$666$370$200$28
45 years$1,884$1,109$625$341$182$24
46 years$1,822$1,058$587$315$165$21
47 years$1,763$1,010$552$291$150$18
48 years$1,707$964$519$269$136$15
49 years$1,653$920$487$249$124$13
50 years$1,601$879$458$230$112$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,640,000, adding $3,393 every year, while hoping to spend $54,367 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: 56/23/21 Blend
42$1,640,000$1,640,000$1,640,000$1,640,000
43$1,810,780$1,723,860$1,698,440$1,901,741
44$1,937,633$1,750,483$1,697,492$1,990,869
45$2,075,604$1,776,588$1,694,689$2,081,841
46$2,225,768$1,802,093$1,689,914$2,179,769
47$2,389,309$1,826,910$1,683,039$2,285,336
48$2,567,533$1,850,942$1,673,935$2,399,294
49$2,761,872$1,874,089$1,662,462$2,522,475
50$2,973,906$1,896,242$1,648,478$2,655,796
51$3,205,372$1,917,286$1,631,830$2,800,268
52$3,458,184$1,937,097$1,612,361$2,957,009
53$3,734,448$1,955,544$1,589,904$3,127,249
54$4,036,482$1,972,486$1,564,286$3,312,350
55$4,366,839$1,987,773$1,535,325$3,513,810
56$4,728,329$2,001,247$1,502,830$3,733,284
57$5,124,047$2,012,736$1,466,604$3,972,599
58$5,557,401$2,022,062$1,426,437$4,233,769
59$6,032,145$2,029,032$1,382,111$4,519,016
60$6,552,411$2,033,442$1,333,399$4,830,793
61$7,122,752$2,035,075$1,280,063$5,171,806
62$7,748,180$2,033,701$1,221,852$5,545,037
63$8,434,217$2,029,075$1,158,507$5,953,780
64$9,186,945$2,020,938$1,089,755$6,401,667
65$10,013,063$2,009,014$1,015,312$6,892,703
66$10,919,951$1,993,010$934,880$7,431,307
67$11,915,736$1,972,618$848,148$8,022,354
68$13,009,372$1,947,507$754,792$8,671,219
69$14,210,724$1,917,331$654,474$9,383,834
70$15,530,656$1,881,719$546,838$10,166,736
71$16,981,141$1,840,282$431,515$11,027,140
72$18,575,366$1,792,604$308,118$11,973,001
73$20,327,859$1,738,247$176,246$13,013,092
74$22,254,628$1,676,748$35,477$14,157,087
75$24,373,306$1,607,615$0$15,415,657
76$26,703,324$1,530,329$0$16,826,279
77$29,266,088$1,444,340$0$18,386,369
78$32,085,184$1,349,067$0$20,102,384
79$35,186,596$1,243,895$0$21,990,212
80$38,598,958$1,128,175$0$24,067,365
81$42,353,815$1,001,219$0$26,353,144
82$46,485,927$862,302$0$28,868,823
83$51,033,593$710,656$0$31,637,853
84$56,039,014$545,472$0$34,686,079
85$61,548,687$365,894$0$38,041,990
86$67,613,848$171,018$0$41,736,984
87$74,290,952$0$0$45,805,671
88$81,642,207$0$0$50,296,346
89$89,736,157$0$0$55,288,554
90$98,648,333$0$0$60,785,619
91$108,461,962$0$0$66,838,900
92$119,268,754$0$0$73,504,990
93$131,169,763$0$0$80,846,250
94$144,276,348$0$0$88,931,396
95$158,711,213$0$0$97,836,151
96$174,609,572$0$0$107,643,953
97$192,120,423$0$0$118,446,750
98$211,407,953$0$0$130,345,860
99$232,653,084$0$0$143,452,932
100$256,055,187$0$0$157,890,996