Can I retire at age 43 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$98,269$97,394$96,540$95,706$94,892$91,598
2 years$48,648$47,742$46,864$46,013$45,187$41,902
3 years$32,110$31,200$30,324$29,481$28,668$25,496
4 years$23,842$22,935$22,068$21,239$20,447$17,411
5 years$18,883$17,982$17,126$16,314$15,543$12,653
6 years$15,578$14,683$13,840$13,046$12,299$9,556
7 years$13,218$12,331$11,501$10,726$10,002$7,406
8 years$11,449$10,570$9,754$8,998$8,298$5,846
9 years$10,074$9,203$8,401$7,664$6,988$4,677
10 years$8,975$8,112$7,324$6,607$5,954$3,781
11 years$8,076$7,222$6,448$5,750$5,121$3,081
12 years$7,327$6,482$5,723$5,043$4,437$2,526
13 years$6,694$5,858$5,113$4,452$3,870$2,081
14 years$6,152$5,324$4,594$3,952$3,392$1,722
15 years$5,682$4,864$4,148$3,525$2,987$1,429
16 years$5,272$4,463$3,760$3,156$2,640$1,189
17 years$4,910$4,110$3,422$2,836$2,340$992
18 years$4,589$3,798$3,124$2,556$2,081$829
19 years$4,302$3,520$2,860$2,309$1,855$694
20 years$4,044$3,271$2,624$2,091$1,657$581
21 years$3,811$3,046$2,414$1,898$1,483$487
22 years$3,600$2,844$2,225$1,726$1,329$409
23 years$3,407$2,660$2,054$1,572$1,193$344
24 years$3,230$2,492$1,900$1,433$1,072$289
25 years$3,068$2,339$1,760$1,309$965$243
26 years$2,919$2,198$1,632$1,197$869$204
27 years$2,780$2,069$1,515$1,096$784$172
28 years$2,652$1,949$1,409$1,004$707$145
29 years$2,533$1,839$1,311$921$638$122
30 years$2,422$1,737$1,221$845$577$103
31 years$2,319$1,642$1,138$776$522$86
32 years$2,222$1,553$1,062$713$472$73
33 years$2,131$1,471$992$656$427$61
34 years$2,046$1,394$927$603$387$52
35 years$1,966$1,322$866$555$350$44
36 years$1,890$1,255$810$512$317$37
37 years$1,819$1,192$759$471$288$31
38 years$1,751$1,133$710$434$261$26
39 years$1,687$1,077$666$401$236$22
40 years$1,627$1,025$624$369$214$19
41 years$1,570$976$585$341$195$16
42 years$1,515$929$549$315$176$13
43 years$1,463$885$515$290$160$11
44 years$1,414$844$483$268$145$9
45 years$1,367$805$454$248$132$8
46 years$1,322$768$426$229$120$7
47 years$1,279$733$400$211$109$6
48 years$1,238$699$376$195$99$5
49 years$1,199$668$354$180$90$4
50 years$1,162$638$333$167$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,190,000, adding $2,908 every year, while hoping to spend $40,097 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: 57/28/15 Blend
42$1,190,000$1,190,000$1,190,000$1,190,000
43$1,314,380$1,251,310$1,232,865$1,384,043
44$1,405,783$1,269,961$1,231,503$1,450,236
45$1,505,167$1,288,182$1,228,751$1,517,691
46$1,613,301$1,305,910$1,224,521$1,590,272
47$1,731,034$1,323,077$1,218,720$1,668,478
48$1,859,302$1,339,610$1,211,249$1,752,859
49$1,999,132$1,355,432$1,202,007$1,844,023
50$2,151,655$1,370,459$1,190,886$1,942,640
51$2,318,116$1,384,604$1,177,773$2,049,447
52$2,499,887$1,397,773$1,162,552$2,165,261
53$2,698,476$1,409,865$1,145,098$2,290,981
54$2,915,545$1,420,772$1,125,283$2,427,600
55$3,152,922$1,430,382$1,102,971$2,576,210
56$3,412,622$1,438,572$1,078,022$2,738,021
57$3,696,861$1,445,213$1,050,288$2,914,364
58$4,008,081$1,450,169$1,019,613$3,106,709
59$4,348,971$1,453,293$985,835$3,316,676
60$4,722,492$1,454,430$948,787$3,546,054
61$5,131,904$1,453,416$908,289$3,796,817
62$5,580,800$1,450,075$864,159$4,071,138
63$6,073,135$1,444,222$816,201$4,371,420
64$6,613,265$1,435,659$764,214$4,700,310
65$7,205,990$1,424,178$707,987$5,060,727
66$7,856,594$1,409,557$647,299$5,455,893
67$8,570,902$1,391,560$581,918$5,889,361
68$9,355,327$1,369,939$511,605$6,365,050
69$10,216,934$1,344,430$436,108$6,887,281
70$11,163,507$1,314,752$355,163$7,460,820
71$12,203,620$1,280,611$268,497$8,090,925
72$13,346,720$1,241,692$175,822$8,783,392
73$14,603,214$1,197,663$76,841$9,544,616
74$15,984,567$1,148,174$0$10,381,646
75$17,503,410$1,092,851$0$11,306,865
76$19,173,661$1,031,304$0$12,337,664
77$21,010,651$963,115$0$13,471,239
78$23,031,275$887,844$0$14,718,073
79$25,254,144$805,028$0$16,089,720
80$27,699,767$714,175$0$17,598,918
81$30,390,740$614,766$0$19,259,706
82$33,351,958$506,252$0$21,087,562
83$36,610,853$388,053$0$23,099,546
84$40,197,650$259,559$0$25,314,463
85$44,145,655$120,121$0$27,753,044
86$48,491,562$0$0$30,438,138
87$53,275,809$0$0$33,404,465
88$58,542,949$0$0$36,711,070
89$64,342,078$0$0$40,351,779
90$70,727,291$0$0$44,360,569
91$77,758,199$0$0$48,774,882
92$85,500,487$0$0$53,635,976
93$94,026,533$0$0$58,989,312
94$103,416,093$0$0$64,884,986
95$113,757,052$0$0$71,378,200
96$125,146,253$0$0$78,529,783
97$137,690,411$0$0$86,406,763
98$151,507,120$0$0$95,083,005
99$166,725,959$0$0$104,639,899
100$183,489,722$0$0$115,167,138