Can I retire at age 43 with 1,170,000?

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 $1,170,000?

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$96,618$95,757$94,917$94,098$93,297$92,554
2 years$47,830$46,940$46,076$45,239$44,427$43,678
3 years$31,570$30,676$29,814$28,985$28,187$27,455
4 years$23,442$22,550$21,697$20,882$20,103$19,394
5 years$18,566$17,679$16,838$16,040$15,282$14,598
6 years$15,316$14,436$13,608$12,827$12,092$11,434
7 years$12,996$12,124$11,308$10,546$9,834$9,202
8 years$11,257$10,392$9,590$8,847$8,158$7,552
9 years$9,905$9,048$8,260$7,535$6,870$6,291
10 years$8,824$7,976$7,201$6,496$5,854$5,300
11 years$7,940$7,100$6,340$5,653$5,035$4,506
12 years$7,204$6,373$5,626$4,958$4,363$3,859
13 years$6,581$5,759$5,027$4,378$3,805$3,324
14 years$6,048$5,235$4,517$3,886$3,335$2,878
15 years$5,587$4,782$4,078$3,466$2,936$2,503
16 years$5,184$4,388$3,697$3,103$2,595$2,184
17 years$4,828$4,041$3,364$2,788$2,301$1,911
18 years$4,512$3,734$3,071$2,513$2,046$1,677
19 years$4,230$3,461$2,812$2,270$1,824$1,475
20 years$3,976$3,216$2,580$2,056$1,629$1,300
21 years$3,747$2,995$2,373$1,866$1,458$1,147
22 years$3,539$2,796$2,187$1,697$1,307$1,014
23 years$3,350$2,615$2,020$1,545$1,173$897
24 years$3,176$2,450$1,868$1,409$1,054$795
25 years$3,016$2,299$1,730$1,287$949$705
26 years$2,869$2,161$1,605$1,177$855$626
27 years$2,734$2,034$1,490$1,077$770$556
28 years$2,608$1,916$1,385$987$695$494
29 years$2,491$1,808$1,289$905$628$439
30 years$2,382$1,707$1,201$831$567$391
31 years$2,280$1,614$1,119$763$513$348
32 years$2,185$1,527$1,044$701$464$310
33 years$2,095$1,446$975$645$420$276
34 years$2,011$1,371$911$593$380$246
35 years$1,933$1,300$852$546$344$220
36 years$1,858$1,234$797$503$312$196
37 years$1,788$1,172$746$463$283$175
38 years$1,722$1,114$698$427$256$156
39 years$1,659$1,059$654$394$232$139
40 years$1,600$1,008$613$363$211$124
41 years$1,543$959$575$335$191$111
42 years$1,490$914$539$309$174$99
43 years$1,439$870$506$286$157$88
44 years$1,390$830$475$264$143$79
45 years$1,344$791$446$243$130$70
46 years$1,300$755$419$225$118$63
47 years$1,258$720$394$208$107$56
48 years$1,218$688$370$192$97$50
49 years$1,179$657$348$177$88$45
50 years$1,142$627$327$164$80$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,170,000, adding $2,128 every year, while hoping to spend $56,214 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: 48/29/23 Blend
42$1,170,000$1,170,000$1,170,000$1,170,000
43$1,291,535$1,229,525$1,211,390$1,345,002
44$1,363,460$1,229,960$1,192,160$1,383,004
45$1,440,838$1,228,533$1,170,402$1,418,461
46$1,524,165$1,225,093$1,145,972$1,455,821
47$1,613,986$1,219,479$1,118,719$1,495,289
48$1,710,902$1,211,522$1,088,485$1,537,093
49$1,815,570$1,201,043$1,055,105$1,581,487
50$1,928,714$1,187,850$1,018,407$1,628,755
51$2,051,129$1,171,741$978,210$1,679,213
52$2,183,690$1,152,502$934,326$1,733,214
53$2,327,357$1,129,906$886,557$1,791,150
54$2,483,188$1,103,711$834,697$1,853,459
55$2,652,344$1,073,664$778,530$1,920,627
56$2,836,105$1,039,495$717,832$1,993,194
57$3,035,875$1,000,918$652,367$2,071,761
58$3,253,202$957,631$581,890$2,156,997
59$3,489,789$909,315$506,143$2,249,644
60$3,747,506$855,630$424,858$2,350,526
61$4,028,417$796,221$337,755$2,460,558
62$4,334,788$730,709$244,543$2,580,756
63$4,669,117$658,694$144,916$2,712,246
64$5,034,151$579,754$38,554$2,856,278
65$5,432,915$493,442$0$3,014,238
66$5,868,739$399,288$0$3,206,054
67$6,345,290$296,792$0$3,426,328
68$6,866,604$185,430$0$3,667,564
69$7,437,126$64,644$0$3,931,941
70$8,061,751$0$0$4,221,871
71$8,745,867$0$0$4,561,124
72$9,495,410$0$0$4,955,553
73$10,316,918$0$0$5,387,982
74$11,217,587$0$0$5,862,219
75$12,205,348$0$0$6,382,454
76$13,288,932$0$0$6,953,306
77$14,477,959$0$0$7,579,860
78$15,783,024$0$0$8,267,717
79$17,215,798$0$0$9,023,050
80$18,789,136$0$0$9,852,655
81$20,517,200$0$0$10,764,021
82$22,415,592$0$0$11,765,399
83$24,501,496$0$0$12,865,875
84$26,793,848$0$0$14,075,463
85$29,313,506$0$0$15,405,192
86$32,083,449$0$0$16,867,216
87$35,128,995$0$0$18,474,923
88$38,478,038$0$0$20,243,065
89$42,161,308$0$0$22,187,894
90$46,212,665$0$0$24,327,317
91$50,669,414$0$0$26,681,063
92$55,572,657$0$0$29,270,870
93$60,967,683$0$0$32,120,690
94$66,904,389$0$0$35,256,914
95$73,437,757$0$0$38,708,620
96$80,628,366$0$0$42,507,848
97$88,542,965$0$0$46,689,903
98$97,255,104$0$0$51,293,684
99$106,845,826$0$0$56,362,055
100$117,404,428$0$0$61,942,247