Can I retire at age 43 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$100,746$99,849$98,974$98,119$97,285$94,702
2 years$49,874$48,946$48,045$47,173$46,326$43,742
3 years$32,919$31,987$31,089$30,224$29,391$26,887
4 years$24,443$23,513$22,625$21,775$20,962$18,557
5 years$19,359$18,435$17,558$16,725$15,935$13,635
6 years$15,971$15,053$14,189$13,375$12,609$10,417
7 years$13,552$12,642$11,791$10,996$10,254$8,170
8 years$11,738$10,836$10,000$9,225$8,507$6,529
9 years$10,328$9,435$8,613$7,857$7,164$5,291
10 years$9,201$8,317$7,509$6,773$6,104$4,334
11 years$8,279$7,404$6,611$5,895$5,250$3,580
12 years$7,512$6,645$5,867$5,170$4,549$2,976
13 years$6,863$6,005$5,242$4,565$3,967$2,487
14 years$6,307$5,459$4,710$4,052$3,478$2,088
15 years$5,826$4,987$4,252$3,614$3,062$1,759
16 years$5,405$4,575$3,855$3,236$2,706$1,486
17 years$5,034$4,213$3,508$2,907$2,399$1,259
18 years$4,705$3,893$3,202$2,620$2,133$1,068
19 years$4,411$3,608$2,932$2,367$1,902$908
20 years$4,146$3,353$2,691$2,144$1,699$773
21 years$3,907$3,123$2,475$1,946$1,520$659
22 years$3,690$2,915$2,281$1,769$1,362$562
23 years$3,493$2,727$2,106$1,611$1,223$480
24 years$3,312$2,555$1,948$1,470$1,099$410
25 years$3,145$2,398$1,804$1,342$989$351
26 years$2,992$2,253$1,673$1,227$891$300
27 years$2,850$2,121$1,554$1,123$803$257
28 years$2,719$1,998$1,444$1,029$725$220
29 years$2,597$1,885$1,344$944$655$189
30 years$2,483$1,780$1,252$866$591$162
31 years$2,377$1,683$1,167$795$535$139
32 years$2,278$1,592$1,089$731$484$119
33 years$2,185$1,508$1,017$672$438$102
34 years$2,097$1,429$950$619$396$87
35 years$2,015$1,356$888$569$359$75
36 years$1,938$1,287$831$524$325$64
37 years$1,864$1,222$778$483$295$55
38 years$1,795$1,161$728$445$267$47
39 years$1,730$1,104$682$411$242$41
40 years$1,668$1,051$640$379$220$35
41 years$1,609$1,000$600$349$199$30
42 years$1,553$953$563$323$181$26
43 years$1,500$908$528$298$164$22
44 years$1,450$865$495$275$149$19
45 years$1,401$825$465$254$135$16
46 years$1,355$787$437$234$123$14
47 years$1,312$751$411$217$112$12
48 years$1,270$717$386$200$101$10
49 years$1,230$685$363$185$92$9
50 years$1,191$654$341$171$84$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,220,000, adding $3,179 every year, while hoping to spend $50,835 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: 87/8/5 Blend
42$1,220,000$1,220,000$1,220,000$1,220,000
43$1,347,719$1,283,059$1,264,149$1,464,802
44$1,431,098$1,291,841$1,252,410$1,550,283
45$1,521,279$1,299,349$1,238,574$1,636,819
46$1,618,900$1,305,468$1,222,517$1,730,261
47$1,724,666$1,310,074$1,204,109$1,831,270
48$1,839,349$1,313,036$1,183,215$1,940,567
49$1,963,802$1,314,214$1,159,692$2,058,950
50$2,098,960$1,313,460$1,133,391$2,187,296
51$2,245,851$1,310,617$1,104,157$2,326,571
52$2,405,609$1,305,518$1,071,827$2,477,838
53$2,579,478$1,297,985$1,036,230$2,642,268
54$2,768,829$1,287,831$997,189$2,821,149
55$2,975,171$1,274,856$954,516$3,015,903
56$3,200,163$1,258,849$908,017$3,228,092
57$3,445,633$1,239,585$857,488$3,459,439
58$3,713,590$1,216,828$802,717$3,711,841
59$4,006,249$1,190,325$743,481$3,987,388
60$4,326,047$1,159,811$679,548$4,288,382
61$4,675,665$1,125,003$610,674$4,617,359
62$5,058,058$1,085,603$536,606$4,977,112
63$5,476,477$1,041,295$457,080$5,370,720
64$5,934,503$991,745$371,818$5,801,574
65$6,436,080$936,598$280,532$6,273,410
66$6,985,551$875,481$182,920$6,790,344
67$7,587,696$807,999$78,667$7,356,913
68$8,247,783$733,733$0$7,978,113
69$8,971,613$652,242$0$8,661,190
70$9,765,573$563,058$0$9,415,066
71$10,636,702$465,688$0$10,242,243
72$11,592,749$359,610$0$11,150,110
73$12,642,254$244,275$0$12,146,806
74$13,794,619$119,100$0$13,241,298
75$15,060,206$0$0$14,443,469
76$16,450,426$0$0$15,765,661
77$17,977,852$0$0$17,229,876
78$19,656,335$0$0$18,838,908
79$21,501,132$0$0$20,607,387
80$23,529,053$0$0$22,551,429
81$25,758,620$0$0$24,688,788
82$28,210,234$0$0$27,039,028
83$30,906,376$0$0$29,623,699
84$33,871,814$0$0$32,466,547
85$37,133,836$0$0$35,593,734
86$40,722,507$0$0$39,034,087
87$44,670,955$0$0$42,819,363
88$49,015,680$0$0$46,984,557
89$53,796,897$0$0$51,568,227
90$59,058,920$0$0$56,612,854
91$64,850,573$0$0$62,165,251
92$71,225,655$0$0$68,276,996
93$78,243,446$0$0$75,004,921
94$85,969,264$0$0$82,411,651
95$94,475,083$0$0$90,566,188
96$103,840,209$0$0$99,544,567
97$114,152,031$0$0$109,430,571
98$125,506,843$0$0$120,316,519
99$138,010,752$0$0$132,304,142
100$151,780,679$0$0$145,505,534