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%16%
1 years$92,489$91,665$90,861$90,076$89,310$87,116
2 years$45,786$44,934$44,107$43,306$42,529$40,331
3 years$30,221$29,365$28,540$27,747$26,982$24,851
4 years$22,440$21,586$20,770$19,990$19,244$17,195
5 years$17,772$16,924$16,118$15,354$14,629$12,667
6 years$14,662$13,820$13,026$12,279$11,575$9,704
7 years$12,441$11,606$10,825$10,095$9,414$7,632
8 years$10,776$9,948$9,180$8,469$7,810$6,118
9 years$9,482$8,662$7,907$7,213$6,577$4,973
10 years$8,447$7,635$6,893$6,218$5,604$4,086
11 years$7,601$6,797$6,069$5,411$4,819$3,385
12 years$6,896$6,100$5,386$4,747$4,176$2,824
13 years$6,300$5,513$4,812$4,191$3,642$2,368
14 years$5,790$5,011$4,324$3,720$3,193$1,995
15 years$5,348$4,578$3,904$3,317$2,811$1,686
16 years$4,962$4,200$3,539$2,970$2,484$1,430
17 years$4,622$3,868$3,221$2,669$2,203$1,215
18 years$4,319$3,574$2,940$2,405$1,959$1,035
19 years$4,049$3,313$2,691$2,173$1,746$884
20 years$3,807$3,078$2,470$1,968$1,559$755
21 years$3,587$2,867$2,272$1,786$1,395$646
22 years$3,388$2,677$2,094$1,624$1,251$553
23 years$3,206$2,503$1,933$1,479$1,123$474
24 years$3,040$2,345$1,788$1,349$1,009$407
25 years$2,888$2,201$1,656$1,232$908$350
26 years$2,747$2,069$1,536$1,127$818$300
27 years$2,617$1,947$1,426$1,031$737$258
28 years$2,496$1,834$1,326$945$665$222
29 years$2,384$1,731$1,234$866$601$191
30 years$2,280$1,634$1,149$795$543$164
31 years$2,182$1,545$1,071$730$491$141
32 years$2,091$1,462$1,000$671$444$122
33 years$2,006$1,384$933$617$402$105
34 years$1,925$1,312$872$568$364$90
35 years$1,850$1,245$815$523$330$78
36 years$1,779$1,181$763$481$299$67
37 years$1,712$1,122$714$444$271$58
38 years$1,648$1,066$669$409$245$50
39 years$1,588$1,014$626$377$222$43
40 years$1,531$965$587$348$202$37
41 years$1,477$918$551$321$183$32
42 years$1,426$874$516$296$166$27
43 years$1,377$833$485$273$151$24
44 years$1,331$794$455$252$137$20
45 years$1,286$757$427$233$124$18
46 years$1,244$723$401$215$113$15
47 years$1,204$689$377$199$102$13
48 years$1,166$658$354$184$93$11
49 years$1,129$629$333$170$84$10
50 years$1,094$600$313$157$77$8

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 $2,081 every year, while hoping to spend $56,086 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: 36/38/26 Blend
42$1,120,000$1,120,000$1,120,000$1,120,000
43$1,236,387$1,177,027$1,159,667$1,271,162
44$1,302,823$1,175,026$1,138,840$1,295,085
45$1,374,156$1,171,047$1,115,437$1,315,630
46$1,450,826$1,164,935$1,089,310$1,336,713
47$1,533,317$1,156,523$1,060,308$1,358,421
48$1,622,158$1,145,635$1,028,271$1,380,849
49$1,717,933$1,132,087$993,033$1,404,112
50$1,821,282$1,115,679$954,420$1,428,337
51$1,932,909$1,096,203$912,249$1,453,671
52$2,053,586$1,073,437$866,329$1,480,282
53$2,184,162$1,047,146$816,463$1,508,359
54$2,325,573$1,017,083$762,440$1,538,118
55$2,478,844$982,982$704,045$1,569,804
56$2,645,105$944,567$641,049$1,603,691
57$2,825,597$901,543$573,215$1,640,093
58$3,021,686$853,596$500,296$1,679,359
59$3,234,875$800,399$422,033$1,721,885
60$3,466,815$741,602$338,154$1,768,116
61$3,719,326$676,836$248,378$1,818,549
62$3,994,408$605,712$152,409$1,873,744
63$4,294,264$527,817$49,941$1,934,329
64$4,621,316$442,718$0$2,001,004
65$4,978,232$349,953$0$2,091,037
66$5,367,948$249,037$0$2,204,680
67$5,793,696$139,457$0$2,329,141
68$6,259,034$20,671$0$2,465,615
69$6,767,880$0$0$2,615,427
70$7,324,546$0$0$2,825,161
71$7,933,782$0$0$3,064,317
72$8,600,817$0$0$3,326,324
73$9,331,411$0$0$3,613,462
74$10,131,904$0$0$3,928,246
75$11,009,281$0$0$4,273,444
76$11,971,234$0$0$4,652,104
77$13,026,235$0$0$5,067,584
78$14,183,615$0$0$5,523,584
79$15,453,652$0$0$6,024,178
80$16,847,667$0$0$6,573,854
81$18,378,131$0$0$7,177,556
82$20,058,780$0$0$7,840,731
83$21,904,746$0$0$8,569,377
84$23,932,700$0$0$9,370,106
85$26,161,007$0$0$10,250,199
86$28,609,896$0$0$11,217,678
87$31,301,656$0$0$12,281,381
88$34,260,844$0$0$13,451,047
89$37,514,510$0$0$14,737,402
90$41,092,461$0$0$16,152,268
91$45,027,534$0$0$17,708,667
92$49,355,909$0$0$19,420,949
93$54,117,448$0$0$21,304,922
94$59,356,073$0$0$23,378,006
95$65,120,175$0$0$25,659,393
96$71,463,073$0$0$28,170,233
97$78,443,518$0$0$30,933,826
98$86,126,240$0$0$33,975,848
99$94,582,567$0$0$37,324,589
100$103,891,091$0$0$41,011,223