Can I retire at age 43 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$95,792$94,938$94,106$93,293$92,500$91,763
2 years$47,422$46,538$45,683$44,853$44,048$43,305
3 years$31,300$30,413$29,560$28,738$27,946$27,220
4 years$23,241$22,357$21,512$20,704$19,931$19,228
5 years$18,407$17,528$16,694$15,902$15,151$14,473
6 years$15,185$14,313$13,491$12,717$11,989$11,336
7 years$12,885$12,020$11,211$10,456$9,750$9,123
8 years$11,161$10,303$9,508$8,771$8,089$7,488
9 years$9,820$8,971$8,189$7,471$6,812$6,237
10 years$8,748$7,908$7,140$6,440$5,804$5,254
11 years$7,872$7,040$6,286$5,605$4,992$4,467
12 years$7,142$6,318$5,578$4,916$4,326$3,826
13 years$6,525$5,710$4,984$4,340$3,772$3,296
14 years$5,997$5,190$4,478$3,853$3,307$2,854
15 years$5,539$4,741$4,043$3,436$2,911$2,481
16 years$5,139$4,350$3,666$3,077$2,573$2,165
17 years$4,787$4,006$3,336$2,764$2,281$1,895
18 years$4,474$3,702$3,045$2,491$2,029$1,663
19 years$4,194$3,431$2,788$2,251$1,808$1,462
20 years$3,942$3,188$2,558$2,039$1,615$1,288
21 years$3,715$2,970$2,353$1,850$1,445$1,137
22 years$3,509$2,772$2,169$1,682$1,295$1,005
23 years$3,321$2,593$2,002$1,532$1,163$889
24 years$3,149$2,429$1,852$1,397$1,045$788
25 years$2,991$2,280$1,715$1,276$941$699
26 years$2,845$2,143$1,591$1,167$847$620
27 years$2,710$2,016$1,477$1,068$764$551
28 years$2,585$1,900$1,373$979$689$490
29 years$2,469$1,792$1,278$897$622$436
30 years$2,361$1,693$1,190$824$562$388
31 years$2,260$1,600$1,110$756$508$345
32 years$2,166$1,514$1,035$695$460$307
33 years$2,077$1,434$967$639$416$274
34 years$1,994$1,359$903$588$377$244
35 years$1,916$1,289$844$541$341$218
36 years$1,842$1,223$790$499$309$194
37 years$1,773$1,162$739$459$280$173
38 years$1,707$1,104$692$423$254$154
39 years$1,645$1,050$649$390$230$138
40 years$1,586$999$608$360$209$123
41 years$1,530$951$570$332$190$110
42 years$1,477$906$535$307$172$98
43 years$1,426$863$502$283$156$87
44 years$1,378$823$471$261$142$78
45 years$1,332$784$442$241$129$70
46 years$1,289$748$415$223$117$62
47 years$1,247$714$390$206$106$56
48 years$1,207$682$367$190$96$50
49 years$1,169$651$345$176$87$44
50 years$1,133$622$324$163$79$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,160,000, adding $3,042 every year, while hoping to spend $52,324 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: 66/27/7 Blend
42$1,160,000$1,160,000$1,160,000$1,160,000
43$1,281,458$1,219,978$1,201,998$1,364,263
44$1,356,494$1,224,084$1,186,592$1,423,762
45$1,437,431$1,226,639$1,168,917$1,482,218
46$1,524,814$1,227,509$1,148,841$1,544,718
47$1,619,244$1,226,556$1,126,226$1,611,648
48$1,721,381$1,223,632$1,100,929$1,683,435
49$1,831,951$1,218,579$1,072,800$1,760,554
50$1,951,752$1,211,231$1,041,680$1,843,524
51$2,081,659$1,201,410$1,007,405$1,932,922
52$2,222,639$1,188,929$969,803$2,029,385
53$2,375,750$1,173,589$928,694$2,133,614
54$2,542,161$1,155,179$883,890$2,246,384
55$2,723,154$1,133,476$835,193$2,368,552
56$2,920,142$1,108,243$782,398$2,501,064
57$3,134,679$1,079,228$725,291$2,644,962
58$3,368,473$1,046,168$663,645$2,801,400
59$3,623,408$1,008,780$597,228$2,971,649
60$3,901,553$966,768$525,792$3,157,114
61$4,205,189$919,817$449,084$3,359,346
62$4,536,824$867,594$366,834$3,580,056
63$4,899,222$809,748$278,764$3,821,133
64$5,295,422$745,906$184,583$4,084,664
65$5,728,775$675,674$83,986$4,372,951
66$6,202,965$598,638$0$4,688,534
67$6,722,054$514,357$0$5,035,964
68$7,290,510$422,368$0$5,423,398
69$7,913,258$322,179$0$5,847,997
70$8,595,718$213,274$0$6,313,559
71$9,343,861$95,104$0$6,824,271
72$10,164,264$0$0$7,384,752
73$11,064,168$0$0$8,009,874
74$12,051,552$0$0$8,726,843
75$13,135,202$0$0$9,513,790
76$14,324,797$0$0$10,377,757
77$15,631,001$0$0$11,326,494
78$17,065,557$0$0$12,368,545
79$18,641,404$0$0$13,513,317
80$20,372,794$0$0$14,771,176
81$22,275,431$0$0$16,153,542
82$24,366,612$0$0$17,672,993
83$26,665,394$0$0$19,343,389
84$29,192,774$0$0$21,180,000
85$31,971,884$0$0$23,199,649
86$35,028,208$0$0$25,420,869
87$38,389,825$0$0$27,864,081
88$42,087,673$0$0$30,551,786
89$46,155,837$0$0$33,508,771
90$50,631,874$0$0$36,762,351
91$55,557,162$0$0$40,342,620
92$60,977,296$0$0$44,282,738
93$66,942,513$0$0$48,619,241
94$73,508,167$0$0$53,392,386
95$80,735,249$0$0$58,646,533
96$88,690,964$0$0$64,430,558
97$97,449,366$0$0$70,798,320
98$107,092,049$0$0$77,809,162
99$117,708,927$0$0$85,528,477
100$129,399,070$0$0$94,028,319