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%17.4%
1 years$95,792$94,938$94,106$93,293$92,500$89,719
2 years$47,422$46,538$45,683$44,853$44,048$41,269
3 years$31,300$30,413$29,560$28,738$27,946$25,257
4 years$23,241$22,357$21,512$20,704$19,931$17,352
5 years$18,407$17,528$16,694$15,902$15,151$12,690
6 years$15,185$14,313$13,491$12,717$11,989$9,647
7 years$12,885$12,020$11,211$10,456$9,750$7,528
8 years$11,161$10,303$9,508$8,771$8,089$5,984
9 years$9,820$8,971$8,189$7,471$6,812$4,823
10 years$8,748$7,908$7,140$6,440$5,804$3,929
11 years$7,872$7,040$6,286$5,605$4,992$3,226
12 years$7,142$6,318$5,578$4,916$4,326$2,666
13 years$6,525$5,710$4,984$4,340$3,772$2,215
14 years$5,997$5,190$4,478$3,853$3,307$1,848
15 years$5,539$4,741$4,043$3,436$2,911$1,547
16 years$5,139$4,350$3,666$3,077$2,573$1,299
17 years$4,787$4,006$3,336$2,764$2,281$1,093
18 years$4,474$3,702$3,045$2,491$2,029$921
19 years$4,194$3,431$2,788$2,251$1,808$778
20 years$3,942$3,188$2,558$2,039$1,615$658
21 years$3,715$2,970$2,353$1,850$1,445$557
22 years$3,509$2,772$2,169$1,682$1,295$472
23 years$3,321$2,593$2,002$1,532$1,163$400
24 years$3,149$2,429$1,852$1,397$1,045$339
25 years$2,991$2,280$1,715$1,276$941$288
26 years$2,845$2,143$1,591$1,167$847$245
27 years$2,710$2,016$1,477$1,068$764$208
28 years$2,585$1,900$1,373$979$689$177
29 years$2,469$1,792$1,278$897$622$150
30 years$2,361$1,693$1,190$824$562$128
31 years$2,260$1,600$1,110$756$508$109
32 years$2,166$1,514$1,035$695$460$93
33 years$2,077$1,434$967$639$416$79
34 years$1,994$1,359$903$588$377$67
35 years$1,916$1,289$844$541$341$57
36 years$1,842$1,223$790$499$309$49
37 years$1,773$1,162$739$459$280$41
38 years$1,707$1,104$692$423$254$35
39 years$1,645$1,050$649$390$230$30
40 years$1,586$999$608$360$209$26
41 years$1,530$951$570$332$190$22
42 years$1,477$906$535$307$172$19
43 years$1,426$863$502$283$156$16
44 years$1,378$823$471$261$142$13
45 years$1,332$784$442$241$129$11
46 years$1,289$748$415$223$117$10
47 years$1,247$714$390$206$106$8
48 years$1,207$682$367$190$96$7
49 years$1,169$651$345$176$87$6
50 years$1,133$622$324$163$79$5

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 $2,019 every year, while hoping to spend $56,042 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: 83/5/12 Blend
42$1,160,000$1,160,000$1,160,000$1,160,000
43$1,280,403$1,218,923$1,200,943$1,383,817
44$1,351,375$1,219,022$1,181,546$1,451,956
45$1,427,709$1,217,247$1,159,621$1,519,134
46$1,509,891$1,213,448$1,135,024$1,591,230
47$1,598,458$1,207,465$1,107,605$1,668,706
48$1,693,997$1,199,126$1,077,206$1,752,072
49$1,797,154$1,188,253$1,043,662$1,841,889
50$1,908,640$1,174,654$1,006,801$1,938,776
51$2,029,235$1,158,126$966,443$2,043,414
52$2,159,798$1,138,454$922,399$2,156,552
53$2,301,270$1,115,412$874,472$2,279,018
54$2,454,689$1,088,757$822,457$2,411,722
55$2,621,196$1,058,235$766,138$2,555,667
56$2,802,045$1,023,575$705,290$2,711,959
57$2,998,615$984,491$639,679$2,881,815
58$3,212,424$940,682$569,059$3,066,578
59$3,445,143$891,826$493,173$3,267,727
60$3,698,607$837,586$411,755$3,486,891
61$3,974,840$777,603$324,524$3,725,866
62$4,276,066$711,498$231,188$3,986,633
63$4,604,735$638,871$131,443$4,271,373
64$4,963,543$559,300$24,970$4,582,490
65$5,355,456$472,338$0$4,922,634
66$5,783,741$377,511$0$5,306,077
67$6,251,996$274,322$0$5,728,836
68$6,764,179$162,244$0$6,191,305
69$7,324,651$40,720$0$6,697,443
70$7,938,213$0$0$7,251,609
71$8,610,151$0$0$7,863,605
72$9,346,288$0$0$8,536,549
73$10,153,034$0$0$9,274,066
74$11,037,452$0$0$10,082,613
75$12,007,317$0$0$10,969,303
76$13,071,196$0$0$11,941,972
77$14,238,524$0$0$13,009,247
78$15,519,692$0$0$14,180,634
79$16,926,147$0$0$15,466,603
80$18,470,500$0$0$16,878,686
81$20,166,640$0$0$18,429,587
82$22,029,868$0$0$20,133,303
83$24,077,043$0$0$22,005,251
84$26,326,733$0$0$24,062,415
85$28,799,398$0$0$26,323,508
86$31,517,575$0$0$28,809,145
87$34,506,096$0$0$31,542,036
88$37,792,320$0$0$34,547,205
89$41,406,386$0$0$37,852,219
90$45,381,503$0$0$41,487,452
91$49,754,259$0$0$45,486,370
92$54,564,968$0$0$49,885,844
93$59,858,045$0$0$54,726,500
94$65,682,432$0$0$60,053,101
95$72,092,050$0$0$65,914,967
96$79,146,314$0$0$72,366,441
97$86,910,691$0$0$79,467,402
98$95,457,316$0$0$87,283,827
99$104,865,670$0$0$95,888,417
100$115,223,336$0$0$105,361,277