Can I retire at age 43 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$160,203$158,776$157,384$156,025$154,698$151,823
2 years$79,309$77,832$76,400$75,012$73,666$70,780
3 years$52,347$50,864$49,436$48,061$46,737$43,930
4 years$38,869$37,390$35,977$34,625$33,333$30,627
5 years$30,784$29,314$27,919$26,596$25,339$22,742
6 years$25,396$23,937$22,563$21,269$20,050$17,564
7 years$21,549$20,103$18,750$17,486$16,306$13,932
8 years$18,665$17,232$15,901$14,669$13,527$11,265
9 years$16,423$15,003$13,696$12,494$11,392$9,240
10 years$14,631$13,225$11,940$10,770$9,707$7,662
11 years$13,165$11,773$10,512$9,373$8,348$6,409
12 years$11,945$10,567$9,329$8,222$7,234$5,399
13 years$10,913$9,549$8,335$7,259$6,308$4,573
14 years$10,029$8,680$7,489$6,443$5,530$3,892
15 years$9,264$7,929$6,762$5,746$4,869$3,324
16 years$8,595$7,275$6,130$5,145$4,303$2,849
17 years$8,005$6,700$5,578$4,623$3,816$2,448
18 years$7,482$6,191$5,092$4,166$3,393$2,108
19 years$7,014$5,738$4,662$3,765$3,024$1,819
20 years$6,593$5,332$4,278$3,409$2,701$1,572
21 years$6,213$4,967$3,935$3,094$2,417$1,361
22 years$5,868$4,636$3,627$2,813$2,167$1,179
23 years$5,554$4,336$3,349$2,562$1,945$1,023
24 years$5,266$4,063$3,097$2,337$1,748$888
25 years$5,002$3,813$2,869$2,134$1,573$772
26 years$4,758$3,583$2,660$1,951$1,417$671
27 years$4,533$3,372$2,470$1,786$1,277$584
28 years$4,324$3,178$2,297$1,637$1,153$508
29 years$4,130$2,998$2,137$1,501$1,041$443
30 years$3,949$2,831$1,991$1,377$940$386
31 years$3,780$2,676$1,856$1,265$850$336
32 years$3,622$2,532$1,732$1,163$769$293
33 years$3,474$2,398$1,617$1,069$696$255
34 years$3,335$2,273$1,511$984$630$223
35 years$3,204$2,156$1,412$905$571$194
36 years$3,081$2,046$1,321$834$517$169
37 years$2,965$1,943$1,237$768$469$148
38 years$2,855$1,847$1,158$708$425$129
39 years$2,751$1,756$1,085$653$385$113
40 years$2,652$1,671$1,017$602$350$98
41 years$2,559$1,591$954$556$317$86
42 years$2,470$1,515$894$513$288$75
43 years$2,385$1,443$839$473$261$65
44 years$2,305$1,376$788$437$237$57
45 years$2,228$1,312$740$404$215$50
46 years$2,155$1,251$695$373$195$44
47 years$2,086$1,194$653$345$177$38
48 years$2,019$1,140$613$318$161$33
49 years$1,955$1,089$577$294$146$29
50 years$1,894$1,040$542$272$133$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,940,000, adding $2,727 every year, while hoping to spend $37,425 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: 25/46/29 Blend
42$1,940,000$1,940,000$1,940,000$1,940,000
43$2,140,693$2,037,873$2,007,803$2,174,722
44$2,319,224$2,097,909$2,035,244$2,263,564
45$2,514,710$2,159,632$2,062,351$2,355,401
46$2,728,843$2,223,086$2,089,072$2,453,097
47$2,963,482$2,288,314$2,115,353$2,557,170
48$3,220,678$2,355,363$2,141,138$2,668,188
49$3,502,688$2,424,276$2,166,367$2,786,779
50$3,811,998$2,495,102$2,190,976$2,913,630
51$4,151,347$2,567,887$2,214,899$3,049,500
52$4,523,751$2,642,680$2,238,064$3,195,221
53$4,932,532$2,719,530$2,260,399$3,351,710
54$5,381,351$2,798,488$2,281,823$3,519,977
55$5,874,240$2,879,604$2,302,254$3,701,132
56$6,415,638$2,962,931$2,321,606$3,896,398
57$7,010,440$3,048,521$2,339,786$4,107,120
58$7,664,034$3,136,428$2,356,698$4,334,781
59$8,382,358$3,226,706$2,372,240$4,581,012
60$9,171,954$3,319,410$2,386,306$4,847,610
61$10,040,028$3,414,596$2,398,782$5,136,554
62$10,994,521$3,512,321$2,409,552$5,450,024
63$12,044,180$3,612,643$2,418,490$5,790,420
64$13,198,644$3,715,619$2,425,466$6,160,386
65$14,468,530$3,821,309$2,430,343$6,562,836
66$15,865,539$3,929,772$2,432,978$7,000,978
67$17,402,560$4,041,068$2,433,220$7,478,348
68$19,093,799$4,155,257$2,430,910$7,998,841
69$20,954,903$4,272,402$2,425,883$8,566,748
70$23,003,117$4,392,563$2,417,963$9,186,797
71$25,257,438$4,515,802$2,406,969$9,864,197
72$27,738,803$4,642,182$2,392,708$10,604,690
73$30,470,278$4,771,766$2,374,981$11,414,600
74$33,477,280$4,904,616$2,353,576$12,300,897
75$36,787,815$5,040,795$2,328,274$13,271,262
76$40,432,745$5,180,367$2,298,844$14,334,158
77$44,446,073$5,323,393$2,265,043$15,498,911
78$48,865,271$5,469,937$2,226,620$16,775,799
79$53,731,626$5,620,062$2,183,309$18,176,148
80$59,090,635$5,773,828$2,134,834$19,712,439
81$64,992,432$5,931,298$2,080,903$21,398,427
82$71,492,261$6,092,533$2,021,214$23,249,271
83$78,650,997$6,257,592$1,955,450$25,281,675
84$86,535,719$6,426,534$1,883,278$27,514,049
85$95,220,346$6,599,418$1,804,351$29,966,682
86$104,786,331$6,776,299$1,718,307$32,661,933
87$115,323,433$6,957,234$1,624,766$35,624,443
88$126,930,558$7,142,274$1,523,331$38,881,369
89$139,716,701$7,331,471$1,413,589$42,462,639
90$153,801,967$7,524,875$1,295,106$46,401,236
91$169,318,705$7,722,532$1,167,430$50,733,509
92$186,412,762$7,924,485$1,030,088$55,499,521
93$205,244,855$8,130,776$882,587$60,743,419
94$225,992,088$8,341,442$724,411$66,513,859
95$248,849,625$8,556,516$555,023$72,864,466
96$274,032,530$8,776,029$373,860$79,854,336
97$301,777,800$9,000,006$180,336$87,548,596
98$332,346,596$9,228,467$0$96,019,026
99$366,026,715$9,461,428$0$105,352,832
100$403,135,300$9,698,898$0$115,689,165