Can I retire at age 43 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$99,095$98,212$97,351$96,510$95,690$92,738
2 years$49,057$48,143$47,258$46,399$45,567$42,619
3 years$32,380$31,462$30,579$29,728$28,909$26,057
4 years$24,043$23,128$22,254$21,418$20,618$17,885
5 years$19,042$18,133$17,270$16,451$15,674$13,065
6 years$15,709$14,807$13,956$13,156$12,402$9,921
7 years$13,329$12,435$11,598$10,816$10,086$7,733
8 years$11,546$10,659$9,836$9,073$8,367$6,140
9 years$10,159$9,280$8,472$7,729$7,047$4,943
10 years$9,050$8,180$7,386$6,662$6,004$4,021
11 years$8,143$7,282$6,502$5,798$5,164$3,298
12 years$7,388$6,536$5,771$5,086$4,475$2,722
13 years$6,750$5,907$5,156$4,490$3,902$2,258
14 years$6,204$5,369$4,632$3,986$3,421$1,881
15 years$5,730$4,905$4,182$3,554$3,012$1,573
16 years$5,316$4,500$3,792$3,183$2,662$1,318
17 years$4,952$4,144$3,451$2,860$2,360$1,108
18 years$4,628$3,830$3,150$2,577$2,098$932
19 years$4,339$3,549$2,884$2,329$1,870$786
20 years$4,078$3,298$2,646$2,109$1,671$664
21 years$3,843$3,072$2,434$1,914$1,495$561
22 years$3,630$2,868$2,244$1,740$1,340$475
23 years$3,435$2,682$2,071$1,585$1,203$402
24 years$3,257$2,513$1,916$1,446$1,081$340
25 years$3,094$2,358$1,774$1,320$973$289
26 years$2,943$2,216$1,646$1,207$876$245
27 years$2,804$2,086$1,528$1,105$790$208
28 years$2,675$1,966$1,421$1,012$713$176
29 years$2,555$1,854$1,322$928$644$150
30 years$2,443$1,751$1,231$852$582$127
31 years$2,338$1,655$1,148$782$526$108
32 years$2,241$1,566$1,071$719$476$92
33 years$2,149$1,483$1,000$661$431$78
34 years$2,063$1,406$934$608$390$66
35 years$1,982$1,333$874$560$353$56
36 years$1,906$1,266$817$516$320$48
37 years$1,834$1,202$765$475$290$41
38 years$1,766$1,142$716$438$263$35
39 years$1,702$1,086$671$404$238$29
40 years$1,641$1,034$629$373$216$25
41 years$1,583$984$590$344$196$21
42 years$1,528$937$553$317$178$18
43 years$1,476$893$519$293$162$15
44 years$1,426$851$487$270$147$13
45 years$1,378$811$458$250$133$11
46 years$1,333$774$430$231$121$9
47 years$1,290$739$404$213$110$8
48 years$1,249$705$379$197$100$7
49 years$1,209$673$357$182$91$6
50 years$1,172$643$335$168$82$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,200,000, adding $6,997 every year, while hoping to spend $52,289 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: 34/47/19 Blend
42$1,200,000$1,200,000$1,200,000$1,200,000
43$1,329,617$1,266,017$1,247,417$1,366,852
44$1,409,603$1,272,417$1,233,571$1,401,285
45$1,495,995$1,277,378$1,217,508$1,433,058
46$1,589,391$1,280,774$1,199,099$1,466,227
47$1,690,449$1,282,472$1,178,209$1,500,946
48$1,799,892$1,282,330$1,154,696$1,537,388
49$1,918,514$1,280,197$1,128,411$1,575,747
50$2,047,188$1,275,913$1,099,198$1,616,242
51$2,186,877$1,269,308$1,066,897$1,659,116
52$2,338,636$1,260,202$1,031,336$1,704,644
53$2,503,629$1,248,403$992,337$1,753,133
54$2,683,134$1,233,710$949,716$1,804,925
55$2,878,559$1,215,907$903,277$1,860,403
56$3,091,452$1,194,767$852,817$1,919,997
57$3,323,518$1,170,048$798,124$1,984,183
58$3,576,631$1,141,495$738,976$2,053,496
59$3,852,857$1,108,838$675,141$2,128,529
60$4,154,467$1,071,790$606,377$2,209,947
61$4,483,964$1,030,048$532,431$2,298,487
62$4,844,099$983,292$453,038$2,394,970
63$5,237,906$931,182$367,924$2,500,312
64$5,668,721$873,359$276,798$2,615,531
65$6,140,221$809,444$179,362$2,741,756
66$6,656,453$739,036$75,300$2,880,246
67$7,221,874$661,711$0$3,032,396
68$7,841,390$577,020$0$3,207,007
69$8,520,408$484,491$0$3,415,314
70$9,264,881$383,622$0$3,644,018
71$10,081,365$273,885$0$3,895,316
72$10,977,082$154,723$0$4,171,637
73$11,959,985$25,545$0$4,475,670
74$13,038,836$0$0$4,810,391
75$14,223,287$0$0$5,238,190
76$15,523,968$0$0$5,722,663
77$16,952,590$0$0$6,254,983
78$18,522,055$0$0$6,839,980
79$20,246,575$0$0$7,482,978
80$22,141,807$0$0$8,189,839
81$24,225,000$0$0$8,967,022
82$26,515,158$0$0$9,821,646
83$29,033,217$0$0$10,761,552
84$31,802,243$0$0$11,795,377
85$34,847,651$0$0$12,932,641
86$38,197,441$0$0$14,183,832
87$41,882,461$0$0$15,560,504
88$45,936,704$0$0$17,075,389
89$50,397,620$0$0$18,742,516
90$55,306,473$0$0$20,577,340
91$60,708,730$0$0$22,596,894
92$66,654,490$0$0$24,819,943
93$73,198,951$0$0$27,267,166
94$80,402,936$0$0$29,961,346
95$88,333,466$0$0$32,927,590
96$97,064,386$0$0$36,193,562
97$106,677,069$0$0$39,789,744
98$117,261,177$0$0$43,749,727
99$128,915,511$0$0$48,110,524
100$141,748,937$0$0$52,912,919