Can I retire at age 43 with 1,120,000?

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 $1,120,000?

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$92,489$91,665$90,861$90,076$89,310$87,436
2 years$45,786$44,934$44,107$43,306$42,529$40,649
3 years$30,221$29,365$28,540$27,747$26,982$25,156
4 years$22,440$21,586$20,770$19,990$19,244$17,485
5 years$17,772$16,924$16,118$15,354$14,629$12,942
6 years$14,662$13,820$13,026$12,279$11,575$9,963
7 years$12,441$11,606$10,825$10,095$9,414$7,876
8 years$10,776$9,948$9,180$8,469$7,810$6,346
9 years$9,482$8,662$7,907$7,213$6,577$5,187
10 years$8,447$7,635$6,893$6,218$5,604$4,285
11 years$7,601$6,797$6,069$5,411$4,819$3,571
12 years$6,896$6,100$5,386$4,747$4,176$2,996
13 years$6,300$5,513$4,812$4,191$3,642$2,528
14 years$5,790$5,011$4,324$3,720$3,193$2,142
15 years$5,348$4,578$3,904$3,317$2,811$1,823
16 years$4,962$4,200$3,539$2,970$2,484$1,555
17 years$4,622$3,868$3,221$2,669$2,203$1,331
18 years$4,319$3,574$2,940$2,405$1,959$1,141
19 years$4,049$3,313$2,691$2,173$1,746$980
20 years$3,807$3,078$2,470$1,968$1,559$843
21 years$3,587$2,867$2,272$1,786$1,395$727
22 years$3,388$2,677$2,094$1,624$1,251$627
23 years$3,206$2,503$1,933$1,479$1,123$541
24 years$3,040$2,345$1,788$1,349$1,009$468
25 years$2,888$2,201$1,656$1,232$908$404
26 years$2,747$2,069$1,536$1,127$818$350
27 years$2,617$1,947$1,426$1,031$737$303
28 years$2,496$1,834$1,326$945$665$262
29 years$2,384$1,731$1,234$866$601$227
30 years$2,280$1,634$1,149$795$543$197
31 years$2,182$1,545$1,071$730$491$171
32 years$2,091$1,462$1,000$671$444$148
33 years$2,006$1,384$933$617$402$129
34 years$1,925$1,312$872$568$364$112
35 years$1,850$1,245$815$523$330$97
36 years$1,779$1,181$763$481$299$84
37 years$1,712$1,122$714$444$271$73
38 years$1,648$1,066$669$409$245$63
39 years$1,588$1,014$626$377$222$55
40 years$1,531$965$587$348$202$48
41 years$1,477$918$551$321$183$41
42 years$1,426$874$516$296$166$36
43 years$1,377$833$485$273$151$31
44 years$1,331$794$455$252$137$27
45 years$1,286$757$427$233$124$24
46 years$1,244$723$401$215$113$21
47 years$1,204$689$377$199$102$18
48 years$1,166$658$354$184$93$15
49 years$1,129$629$333$170$84$13
50 years$1,094$600$313$157$77$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,120,000, adding $6,673 every year, while hoping to spend $45,649 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: 52/29/19 Blend
42$1,120,000$1,120,000$1,120,000$1,120,000
43$1,241,123$1,181,763$1,164,403$1,298,859
44$1,319,148$1,191,099$1,154,841$1,348,614
45$1,403,600$1,199,363$1,143,428$1,397,395
46$1,495,089$1,206,454$1,130,054$1,449,469
47$1,594,282$1,212,264$1,114,605$1,505,164
48$1,701,914$1,216,679$1,096,959$1,564,843
49$1,818,792$1,219,579$1,076,989$1,628,907
50$1,945,805$1,220,835$1,054,565$1,697,800
51$2,083,930$1,220,309$1,029,546$1,772,014
52$2,234,243$1,217,856$1,001,788$1,852,093
53$2,397,927$1,213,323$971,139$1,938,638
54$2,576,285$1,206,544$937,441$2,032,313
55$2,770,748$1,197,348$900,528$2,133,856
56$2,982,895$1,185,548$860,226$2,244,080
57$3,214,461$1,170,951$816,355$2,363,884
58$3,467,358$1,153,349$768,724$2,494,265
59$3,743,687$1,132,522$717,135$2,636,321
60$4,045,766$1,108,239$661,382$2,791,268
61$4,376,145$1,080,252$601,249$2,960,451
62$4,737,629$1,048,303$536,509$3,145,355
63$5,133,312$1,012,114$466,926$3,347,621
64$5,566,596$971,393$392,254$3,569,063
65$6,041,230$925,833$312,236$3,811,684
66$6,561,342$875,105$226,602$4,077,698
67$7,131,479$818,865$135,073$4,369,550
68$7,756,647$756,747$37,356$4,689,941
69$8,442,362$688,365$0$5,041,854
70$9,194,698$613,310$0$5,442,151
71$10,020,345$531,150$0$5,889,865
72$10,926,673$441,430$0$6,381,500
73$11,921,801$343,667$0$6,921,561
74$13,014,672$237,353$0$7,515,016
75$14,215,135$121,951$0$8,167,346
76$15,534,045$0$0$8,884,599
77$16,983,355$0$0$9,674,433
78$18,576,238$0$0$10,585,401
79$20,327,203$0$0$11,586,899
80$22,252,237$0$0$12,688,086
81$24,368,951$0$0$13,899,053
82$26,696,750$0$0$15,230,917
83$29,257,012$0$0$16,695,927
84$32,073,293$0$0$18,307,579
85$35,171,545$0$0$20,080,743
86$38,580,362$0$0$22,031,801
87$42,331,250$0$0$24,178,807
88$46,458,923$0$0$26,541,650
89$51,001,629$0$0$29,142,245
90$56,001,515$0$0$32,004,742
91$61,505,017$0$0$35,155,749
92$67,563,304$0$0$38,624,583
93$74,232,756$0$0$42,443,551
94$81,575,499$0$0$46,648,251
95$89,659,989$0$0$51,277,907
96$98,561,656$0$0$56,375,742
97$108,363,618$0$0$61,989,381
98$119,157,463$0$0$68,171,306
99$131,044,114$0$0$74,979,346
100$144,134,781$0$0$82,477,225