Can I retire at age 43 with 1,740,000?

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 $1,740,000?

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$143,688$142,408$141,159$139,940$138,750$138,165
2 years$71,132$69,808$68,524$67,279$66,071$65,481
3 years$46,951$45,620$44,339$43,106$41,918$41,341
4 years$34,862$33,536$32,268$31,056$29,897$29,336
5 years$27,611$26,292$25,041$23,854$22,727$22,185
6 years$22,778$21,470$20,237$19,076$17,983$17,461
7 years$19,328$18,030$16,817$15,683$14,625$14,123
8 years$16,741$15,455$14,262$13,156$12,133$11,650
9 years$14,730$13,457$12,284$11,206$10,218$9,755
10 years$13,122$11,861$10,709$9,660$8,706$8,262
11 years$11,808$10,559$9,428$8,407$7,487$7,063
12 years$10,713$9,478$8,367$7,374$6,488$6,083
13 years$9,788$8,565$7,476$6,510$5,658$5,271
14 years$8,995$7,785$6,717$5,779$4,960$4,591
15 years$8,309$7,112$6,065$5,154$4,367$4,016
16 years$7,709$6,525$5,498$4,615$3,860$3,526
17 years$7,180$6,009$5,003$4,146$3,422$3,105
18 years$6,711$5,553$4,567$3,737$3,043$2,742
19 years$6,291$5,146$4,181$3,376$2,712$2,427
20 years$5,914$4,782$3,837$3,058$2,423$2,152
21 years$5,573$4,455$3,530$2,775$2,168$1,912
22 years$5,263$4,158$3,253$2,523$1,943$1,701
23 years$4,981$3,889$3,004$2,298$1,744$1,516
24 years$4,723$3,644$2,778$2,096$1,568$1,352
25 years$4,486$3,419$2,573$1,914$1,411$1,208
26 years$4,267$3,214$2,386$1,750$1,271$1,079
27 years$4,065$3,025$2,216$1,602$1,146$966
28 years$3,878$2,850$2,060$1,468$1,034$865
29 years$3,704$2,689$1,917$1,346$934$774
30 years$3,542$2,539$1,786$1,235$843$694
31 years$3,391$2,400$1,665$1,135$763$623
32 years$3,249$2,271$1,553$1,043$690$559
33 years$3,116$2,151$1,450$959$624$501
34 years$2,991$2,039$1,355$882$565$450
35 years$2,874$1,934$1,267$812$512$404
36 years$2,764$1,835$1,185$748$464$363
37 years$2,659$1,743$1,109$689$420$327
38 years$2,561$1,656$1,039$635$381$294
39 years$2,467$1,575$973$586$346$264
40 years$2,379$1,499$912$540$313$237
41 years$2,295$1,427$855$498$284$214
42 years$2,215$1,359$802$460$258$192
43 years$2,139$1,294$753$425$234$173
44 years$2,067$1,234$707$392$213$156
45 years$1,999$1,177$664$362$193$140
46 years$1,933$1,122$623$334$175$126
47 years$1,871$1,071$585$309$159$113
48 years$1,811$1,023$550$286$145$102
49 years$1,754$977$517$264$131$92
50 years$1,699$933$486$244$119$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,740,000, adding $2,184 every year, while hoping to spend $36,983 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: 64/27/9 Blend
42$1,740,000$1,740,000$1,740,000$1,740,000
43$1,919,733$1,827,513$1,800,543$2,038,849
44$2,076,196$1,877,711$1,821,511$2,168,759
45$2,247,379$1,929,130$1,841,943$2,306,056
46$2,434,744$1,981,790$1,861,780$2,455,065
47$2,639,901$2,035,711$1,880,963$2,616,922
48$2,864,624$2,090,914$1,899,429$2,792,879
49$3,110,866$2,147,418$1,917,109$2,984,311
50$3,380,776$2,205,244$1,933,935$3,192,734
51$3,676,725$2,264,411$1,949,831$3,419,819
52$4,001,320$2,324,936$1,964,720$3,667,403
53$4,357,436$2,386,839$1,978,519$3,937,509
54$4,748,236$2,450,136$1,991,141$4,232,369
55$5,177,208$2,514,845$2,002,497$4,554,435
56$5,648,192$2,580,981$2,012,489$4,906,414
57$6,165,418$2,648,559$2,021,017$5,291,283
58$6,733,545$2,717,593$2,027,977$5,712,323
59$7,357,709$2,788,097$2,033,255$6,173,149
60$8,043,563$2,860,082$2,036,737$6,677,741
61$8,797,338$2,933,558$2,038,300$7,230,486
62$9,625,899$3,008,534$2,037,815$7,836,215
63$10,536,806$3,085,018$2,035,148$8,500,250
64$11,538,392$3,163,015$2,030,156$9,228,458
65$12,639,834$3,242,529$2,022,693$10,027,298
66$13,851,246$3,323,562$2,012,602$10,903,889
67$15,183,770$3,406,114$1,999,721$11,866,074
68$16,649,682$3,490,181$1,983,879$12,922,495
69$18,262,508$3,575,757$1,964,897$14,082,674
70$20,037,150$3,662,836$1,942,588$15,357,101
71$21,990,030$3,751,405$1,916,755$16,757,337
72$24,139,240$3,841,451$1,887,193$18,296,119
73$26,504,715$3,932,955$1,853,687$19,987,482
74$29,108,422$4,025,896$1,816,011$21,846,892
75$31,974,564$4,120,248$1,773,931$23,891,391
76$35,129,810$4,215,981$1,727,198$26,139,755
77$38,603,548$4,313,061$1,675,557$28,612,678
78$42,428,158$4,411,449$1,618,736$31,332,961
79$46,639,320$4,511,100$1,556,453$34,325,731
80$51,276,350$4,611,964$1,488,414$37,618,674
81$56,382,572$4,713,984$1,414,310$41,242,301
82$62,005,724$4,817,098$1,333,819$45,230,234
83$68,198,409$4,921,238$1,246,603$49,619,522
84$75,018,593$5,026,325$1,152,311$54,450,993
85$82,530,150$5,132,275$1,050,574$59,769,639
86$90,803,466$5,238,997$941,008$65,625,039
87$99,916,100$5,346,388$823,212$72,071,828
88$109,953,518$5,454,337$696,766$79,170,216
89$121,009,902$5,562,725$561,233$86,986,550
90$133,189,032$5,671,419$416,154$95,593,945
91$146,605,271$5,780,276$261,053$105,072,976
92$161,384,642$5,889,143$95,432$115,512,434
93$177,666,017$5,997,852$0$127,010,167
94$195,602,425$6,106,221$0$139,681,812
95$215,362,504$6,214,057$0$153,648,675
96$237,132,082$6,321,149$0$169,032,586
97$261,115,939$6,427,270$0$185,977,906
98$287,539,736$6,532,177$0$204,643,721
99$316,652,145$6,635,609$0$225,205,339
100$348,727,194$6,737,285$0$247,855,949