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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$92,489$91,665$90,861$90,076$89,310$86,660
2 years$45,786$44,934$44,107$43,306$42,529$39,880
3 years$30,221$29,365$28,540$27,747$26,982$24,419
4 years$22,440$21,586$20,770$19,990$19,244$16,785
5 years$17,772$16,924$16,118$15,354$14,629$12,282
6 years$14,662$13,820$13,026$12,279$11,575$9,342
7 years$12,441$11,606$10,825$10,095$9,414$7,294
8 years$10,776$9,948$9,180$8,469$7,810$5,802
9 years$9,482$8,662$7,907$7,213$6,577$4,679
10 years$8,447$7,635$6,893$6,218$5,604$3,813
11 years$7,601$6,797$6,069$5,411$4,819$3,133
12 years$6,896$6,100$5,386$4,747$4,176$2,591
13 years$6,300$5,513$4,812$4,191$3,642$2,154
14 years$5,790$5,011$4,324$3,720$3,193$1,798
15 years$5,348$4,578$3,904$3,317$2,811$1,507
16 years$4,962$4,200$3,539$2,970$2,484$1,266
17 years$4,622$3,868$3,221$2,669$2,203$1,066
18 years$4,319$3,574$2,940$2,405$1,959$899
19 years$4,049$3,313$2,691$2,173$1,746$760
20 years$3,807$3,078$2,470$1,968$1,559$643
21 years$3,587$2,867$2,272$1,786$1,395$545
22 years$3,388$2,677$2,094$1,624$1,251$462
23 years$3,206$2,503$1,933$1,479$1,123$392
24 years$3,040$2,345$1,788$1,349$1,009$333
25 years$2,888$2,201$1,656$1,232$908$283
26 years$2,747$2,069$1,536$1,127$818$240
27 years$2,617$1,947$1,426$1,031$737$205
28 years$2,496$1,834$1,326$945$665$174
29 years$2,384$1,731$1,234$866$601$148
30 years$2,280$1,634$1,149$795$543$126
31 years$2,182$1,545$1,071$730$491$107
32 years$2,091$1,462$1,000$671$444$91
33 years$2,006$1,384$933$617$402$78
34 years$1,925$1,312$872$568$364$66
35 years$1,850$1,245$815$523$330$57
36 years$1,779$1,181$763$481$299$48
37 years$1,712$1,122$714$444$271$41
38 years$1,648$1,066$669$409$245$35
39 years$1,588$1,014$626$377$222$30
40 years$1,531$965$587$348$202$25
41 years$1,477$918$551$321$183$22
42 years$1,426$874$516$296$166$18
43 years$1,377$833$485$273$151$16
44 years$1,331$794$455$252$137$13
45 years$1,286$757$427$233$124$11
46 years$1,244$723$401$215$113$10
47 years$1,204$689$377$199$102$8
48 years$1,166$658$354$184$93$7
49 years$1,129$629$333$170$84$6
50 years$1,094$600$313$157$77$5

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 $4,444 every year, while hoping to spend $52,849 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: 32/48/20 Blend
42$1,120,000$1,120,000$1,120,000$1,120,000
43$1,238,824$1,179,464$1,162,104$1,270,661
44$1,308,953$1,181,027$1,144,804$1,296,425
45$1,384,464$1,180,895$1,125,152$1,319,037
46$1,465,850$1,178,929$1,103,016$1,342,286
47$1,553,653$1,174,983$1,078,253$1,366,262
48$1,648,468$1,168,899$1,050,716$1,391,065
49$1,750,948$1,160,512$1,020,252$1,416,809
50$1,861,814$1,149,646$986,699$1,443,628
51$1,981,854$1,136,114$949,889$1,471,670
52$2,111,937$1,119,717$909,644$1,501,107
53$2,253,019$1,100,248$865,781$1,532,131
54$2,406,149$1,077,482$818,107$1,564,961
55$2,572,483$1,051,186$766,421$1,599,845
56$2,753,293$1,021,110$710,512$1,637,062
57$2,949,974$986,991$650,160$1,676,926
58$3,164,067$948,548$585,136$1,719,794
59$3,397,262$905,488$515,198$1,766,062
60$3,651,423$857,497$440,098$1,816,179
61$3,928,599$804,245$359,572$1,870,647
62$4,231,046$745,383$273,348$1,930,030
63$4,561,247$680,541$181,139$1,994,958
64$4,921,936$609,329$82,649$2,066,137
65$5,316,121$531,334$0$2,144,356
66$5,747,116$446,120$0$2,235,291
67$6,218,568$353,226$0$2,354,266
68$6,734,493$252,165$0$2,484,796
69$7,299,314$142,424$0$2,628,181
70$7,917,901$23,459$0$2,785,865
71$8,595,616$0$0$2,959,450
72$9,338,366$0$0$3,206,333
73$10,152,656$0$0$3,490,752
74$11,045,649$0$0$3,802,838
75$12,025,236$0$0$4,145,372
76$13,100,108$0$0$4,521,416
77$14,279,838$0$0$4,934,343
78$15,574,972$0$0$5,387,868
79$16,997,126$0$0$5,886,085
80$18,559,094$0$0$6,433,502
81$20,274,973$0$0$7,035,088
82$22,160,292$0$0$7,696,314
83$24,232,158$0$0$8,423,211
84$26,509,416$0$0$9,222,420
85$29,012,831$0$0$10,101,259
86$31,765,277$0$0$11,067,792
87$34,791,955$0$0$12,130,902
88$38,120,634$0$0$13,300,376
89$41,781,905$0$0$14,586,998
90$45,809,474$0$0$16,002,651
91$50,240,478$0$0$17,560,424
92$55,115,835$0$0$19,274,744
93$60,480,630$0$0$21,161,505
94$66,384,538$0$0$23,238,217
95$72,882,293$0$0$25,524,180
96$80,034,205$0$0$28,040,653
97$87,906,726$0$0$30,811,067
98$96,573,079$0$0$33,861,236
99$106,113,946$0$0$37,219,607
100$116,618,229$0$0$40,917,525