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

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,320 every year, while hoping to spend $29,329 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: 42/34/24 Blend
42$1,200,000$1,200,000$1,200,000$1,200,000
43$1,326,856$1,263,256$1,244,656$1,373,099
44$1,430,990$1,293,950$1,255,146$1,437,253
45$1,544,762$1,325,165$1,265,005$1,503,557
46$1,669,125$1,356,895$1,274,180$1,574,778
47$1,805,127$1,389,134$1,282,616$1,651,387
48$1,953,922$1,421,874$1,290,256$1,733,900
49$2,116,782$1,455,106$1,297,040$1,822,888
50$2,295,105$1,488,818$1,302,902$1,918,979
51$2,490,434$1,522,998$1,307,777$2,022,865
52$2,704,465$1,557,631$1,311,594$2,135,308
53$2,939,067$1,592,702$1,314,279$2,257,151
54$3,196,299$1,628,191$1,315,755$2,389,320
55$3,478,428$1,664,079$1,315,940$2,532,836
56$3,787,952$1,700,343$1,314,748$2,688,828
57$4,127,621$1,736,958$1,312,090$2,858,537
58$4,500,465$1,773,896$1,307,872$3,043,331
59$4,909,822$1,811,126$1,301,995$3,244,721
60$5,359,368$1,848,616$1,294,356$3,464,371
61$5,853,153$1,886,327$1,284,846$3,704,115
62$6,395,639$1,924,221$1,273,353$3,965,976
63$6,991,741$1,962,255$1,259,756$4,252,184
64$7,646,873$2,000,379$1,243,932$4,565,198
65$8,367,000$2,038,545$1,225,751$4,907,727
66$9,158,695$2,076,694$1,205,074$5,282,761
67$10,029,198$2,114,769$1,181,761$5,693,593
68$10,986,487$2,152,703$1,155,660$6,143,855
69$12,039,350$2,190,426$1,126,616$6,637,552
70$13,197,470$2,227,864$1,094,464$7,179,098
71$14,471,517$2,264,934$1,059,033$7,773,360
72$15,873,246$2,301,550$1,020,145$8,425,703
73$17,415,608$2,337,617$977,611$9,142,042
74$19,112,876$2,373,036$931,237$9,928,898
75$20,980,772$2,407,697$880,816$10,793,460
76$23,036,622$2,441,486$826,135$11,743,651
77$25,299,518$2,474,279$766,970$12,788,210
78$27,790,493$2,505,943$703,088$13,936,765
79$30,532,726$2,536,337$634,245$15,199,935
80$33,551,756$2,565,310$560,184$16,589,423
81$36,875,726$2,592,700$480,640$18,118,131
82$40,535,643$2,618,336$395,335$19,800,280
83$44,565,677$2,642,033$303,978$21,651,549
84$49,003,481$2,663,597$206,265$23,689,219
85$53,890,541$2,682,818$101,880$25,932,339
86$59,272,576$2,699,476$0$28,401,910
87$65,199,962$2,713,334$0$31,123,514
88$71,728,211$2,724,140$0$34,148,230
89$78,918,494$2,731,629$0$37,478,157
90$86,838,218$2,735,515$0$41,144,391
91$95,561,659$2,735,499$0$45,181,204
92$105,170,668$2,731,258$0$49,626,363
93$115,755,441$2,722,454$0$54,521,493
94$127,415,367$2,708,726$0$59,912,466
95$140,259,971$2,689,690$0$65,849,837
96$154,409,944$2,664,941$0$72,389,321
97$169,998,284$2,634,048$0$79,592,319
98$187,171,548$2,596,555$0$87,526,502
99$206,091,237$2,551,979$0$96,266,446
100$226,935,324$2,499,806$0$105,894,338