Can I retire at age 43 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$97,443$96,575$95,728$94,902$94,095$93,151
2 years$48,239$47,341$46,470$45,626$44,807$43,856
3 years$31,840$30,938$30,069$29,233$28,427$27,499
4 years$23,642$22,743$21,883$21,061$20,275$19,377
5 years$18,725$17,830$16,982$16,177$15,413$14,547
6 years$15,447$14,560$13,724$12,937$12,195$11,363
7 years$13,107$12,227$11,405$10,636$9,918$9,120
8 years$11,353$10,481$9,672$8,922$8,228$7,464
9 years$9,989$9,126$8,331$7,600$6,929$6,198
10 years$8,899$8,044$7,263$6,551$5,904$5,206
11 years$8,008$7,161$6,394$5,701$5,078$4,413
12 years$7,265$6,427$5,675$5,001$4,400$3,767
13 years$6,638$5,808$5,070$4,415$3,837$3,235
14 years$6,100$5,280$4,555$3,919$3,364$2,792
15 years$5,635$4,823$4,113$3,495$2,962$2,419
16 years$5,228$4,425$3,729$3,130$2,617$2,104
17 years$4,869$4,075$3,393$2,812$2,321$1,835
18 years$4,551$3,766$3,097$2,534$2,064$1,604
19 years$4,266$3,490$2,836$2,290$1,839$1,406
20 years$4,010$3,243$2,602$2,074$1,643$1,234
21 years$3,779$3,021$2,394$1,882$1,470$1,085
22 years$3,569$2,820$2,206$1,711$1,318$956
23 years$3,378$2,637$2,037$1,558$1,183$842
24 years$3,203$2,471$1,884$1,421$1,063$744
25 years$3,042$2,319$1,745$1,298$957$657
26 years$2,894$2,179$1,618$1,187$862$581
27 years$2,757$2,051$1,503$1,086$777$514
28 years$2,630$1,933$1,397$995$701$455
29 years$2,512$1,823$1,300$913$633$403
30 years$2,402$1,722$1,211$838$572$357
31 years$2,299$1,628$1,129$769$517$317
32 years$2,203$1,540$1,053$707$468$281
33 years$2,113$1,459$983$650$423$249
34 years$2,029$1,382$919$598$383$221
35 years$1,949$1,311$859$551$347$196
36 years$1,874$1,245$804$507$315$174
37 years$1,803$1,182$752$467$285$155
38 years$1,736$1,123$704$431$258$138
39 years$1,673$1,068$660$397$234$122
40 years$1,613$1,016$619$366$213$109
41 years$1,556$967$580$338$193$97
42 years$1,502$921$544$312$175$86
43 years$1,451$878$511$288$159$76
44 years$1,402$837$479$266$144$68
45 years$1,355$798$450$246$131$60
46 years$1,311$761$423$227$119$54
47 years$1,269$726$397$210$108$48
48 years$1,228$693$373$194$98$42
49 years$1,189$662$351$179$89$38
50 years$1,152$633$330$165$81$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,180,000, adding $2,948 every year, while hoping to spend $53,355 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: 64/24/12 Blend
42$1,180,000$1,180,000$1,180,000$1,180,000
43$1,303,401$1,240,861$1,222,571$1,383,038
44$1,379,578$1,244,894$1,206,758$1,440,667
45$1,461,738$1,247,336$1,188,627$1,497,124
46$1,550,433$1,248,053$1,168,043$1,557,456
47$1,646,272$1,246,903$1,144,868$1,622,040
48$1,749,925$1,243,734$1,118,954$1,691,292
49$1,862,125$1,238,385$1,090,147$1,765,669
50$1,983,682$1,230,686$1,058,287$1,845,681
51$2,115,484$1,220,456$1,023,206$1,931,886
52$2,258,507$1,207,502$984,727$2,024,904
53$2,413,828$1,191,622$942,668$2,125,420
54$2,582,627$1,172,600$896,836$2,234,189
55$2,766,204$1,150,208$847,030$2,352,046
56$2,965,992$1,124,203$793,040$2,479,913
57$3,183,563$1,094,329$734,647$2,618,809
58$3,420,651$1,060,315$671,622$2,769,860
59$3,679,160$1,021,874$603,724$2,934,307
60$3,961,191$978,701$530,705$3,113,523
61$4,269,051$930,476$452,302$3,309,024
62$4,605,283$876,859$368,243$3,522,484
63$4,972,686$817,489$278,243$3,755,750
64$5,374,340$751,986$182,005$4,010,863
65$5,813,638$679,948$79,217$4,290,077
66$6,294,314$600,951$0$4,595,878
67$6,820,482$514,545$0$4,934,914
68$7,396,669$420,256$0$5,317,392
69$8,027,863$317,582$0$5,736,550
70$8,719,555$205,994$0$6,196,127
71$9,477,796$84,934$0$6,700,248
72$10,309,245$0$0$7,253,464
73$11,221,241$0$0$7,872,989
74$12,221,864$0$0$8,577,414
75$13,320,017$0$0$9,350,583
76$14,525,505$0$0$10,199,410
77$15,849,128$0$0$11,131,513
78$17,302,784$0$0$12,155,281
79$18,899,580$0$0$13,279,957
80$20,653,954$0$0$14,515,721
81$22,581,813$0$0$15,873,792
82$24,700,680$0$0$17,366,526
83$27,029,861$0$0$19,007,538
84$29,590,623$0$0$20,811,826
85$32,406,401$0$0$22,795,916
86$35,503,010$0$0$24,978,013
87$38,908,895$0$0$27,378,176
88$42,655,394$0$0$30,018,507
89$46,777,037$0$0$32,923,356
90$51,311,867$0$0$36,119,554
91$56,301,802$0$0$39,636,660
92$61,793,029$0$0$43,507,248
93$67,836,436$0$0$47,767,208
94$74,488,098$0$0$52,456,083
95$81,809,798$0$0$57,617,446
96$89,869,615$0$0$63,299,311
97$98,742,562$0$0$69,554,579
98$108,511,297$0$0$76,441,545
99$119,266,898$0$0$84,024,442
100$131,109,725$0$0$92,374,050