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%14.9%
1 years$100,746$99,849$98,974$98,119$97,285$95,320
2 years$49,874$48,946$48,045$47,173$46,326$44,356
3 years$32,919$31,987$31,089$30,224$29,391$27,476
4 years$24,443$23,513$22,625$21,775$20,962$19,117
5 years$19,359$18,435$17,558$16,725$15,935$14,166
6 years$15,971$15,053$14,189$13,375$12,609$10,917
7 years$13,552$12,642$11,791$10,996$10,254$8,640
8 years$11,738$10,836$10,000$9,225$8,507$6,970
9 years$10,328$9,435$8,613$7,857$7,164$5,703
10 years$9,201$8,317$7,509$6,773$6,104$4,718
11 years$8,279$7,404$6,611$5,895$5,250$3,936
12 years$7,512$6,645$5,867$5,170$4,549$3,307
13 years$6,863$6,005$5,242$4,565$3,967$2,794
14 years$6,307$5,459$4,710$4,052$3,478$2,371
15 years$5,826$4,987$4,252$3,614$3,062$2,020
16 years$5,405$4,575$3,855$3,236$2,706$1,726
17 years$5,034$4,213$3,508$2,907$2,399$1,479
18 years$4,705$3,893$3,202$2,620$2,133$1,270
19 years$4,411$3,608$2,932$2,367$1,902$1,093
20 years$4,146$3,353$2,691$2,144$1,699$942
21 years$3,907$3,123$2,475$1,946$1,520$812
22 years$3,690$2,915$2,281$1,769$1,362$702
23 years$3,493$2,727$2,106$1,611$1,223$607
24 years$3,312$2,555$1,948$1,470$1,099$525
25 years$3,145$2,398$1,804$1,342$989$455
26 years$2,992$2,253$1,673$1,227$891$394
27 years$2,850$2,121$1,554$1,123$803$342
28 years$2,719$1,998$1,444$1,029$725$297
29 years$2,597$1,885$1,344$944$655$258
30 years$2,483$1,780$1,252$866$591$224
31 years$2,377$1,683$1,167$795$535$194
32 years$2,278$1,592$1,089$731$484$169
33 years$2,185$1,508$1,017$672$438$147
34 years$2,097$1,429$950$619$396$127
35 years$2,015$1,356$888$569$359$111
36 years$1,938$1,287$831$524$325$96
37 years$1,864$1,222$778$483$295$84
38 years$1,795$1,161$728$445$267$73
39 years$1,730$1,104$682$411$242$63
40 years$1,668$1,051$640$379$220$55
41 years$1,609$1,000$600$349$199$48
42 years$1,553$953$563$323$181$42
43 years$1,500$908$528$298$164$36
44 years$1,450$865$495$275$149$32
45 years$1,401$825$465$254$135$27
46 years$1,355$787$437$234$123$24
47 years$1,312$751$411$217$112$21
48 years$1,270$717$386$200$101$18
49 years$1,230$685$363$185$92$16
50 years$1,191$654$341$171$84$14

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 $6,799 every year, while hoping to spend $45,316 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: 24/47/29 Blend
42$1,220,000$1,220,000$1,220,000$1,220,000
43$1,351,453$1,286,793$1,267,883$1,371,462
44$1,441,086$1,301,630$1,262,141$1,403,923
45$1,538,342$1,315,675$1,254,688$1,434,423
46$1,643,951$1,328,842$1,245,419$1,466,158
47$1,758,717$1,341,038$1,234,223$1,499,261
48$1,883,522$1,352,165$1,220,986$1,533,883
49$2,019,337$1,362,117$1,205,585$1,570,193
50$2,167,233$1,370,784$1,187,895$1,608,381
51$2,328,384$1,378,046$1,167,783$1,648,659
52$2,504,085$1,383,776$1,145,110$1,691,266
53$2,695,762$1,387,841$1,119,731$1,736,470
54$2,904,981$1,390,097$1,091,494$1,784,569
55$3,133,470$1,390,393$1,060,240$1,835,897
56$3,383,129$1,388,567$1,025,803$1,890,827
57$3,656,049$1,384,448$988,008$1,949,776
58$3,954,535$1,377,854$946,675$2,013,211
59$4,281,120$1,368,592$901,612$2,081,648
60$4,638,600$1,356,458$852,621$2,155,667
61$5,030,047$1,341,235$799,494$2,235,911
62$5,458,849$1,322,693$742,014$2,323,098
63$5,928,735$1,300,587$679,954$2,418,027
64$6,443,811$1,274,661$613,078$2,521,584
65$7,008,600$1,244,640$541,137$2,634,759
66$7,628,085$1,210,236$463,873$2,758,647
67$8,307,753$1,171,140$381,015$2,894,468
68$9,053,647$1,127,029$292,283$3,043,577
69$9,872,425$1,077,560$197,380$3,207,477
70$10,771,421$1,022,369$96,001$3,387,837
71$11,758,712$961,071$0$3,586,506
72$12,843,199$893,262$0$3,809,311
73$14,034,683$818,510$0$4,086,703
74$15,343,966$736,362$0$4,391,575
75$16,782,944$646,337$0$4,726,837
76$18,364,726$547,929$0$5,095,706
77$20,103,752$440,602$0$5,501,734
78$22,015,933$323,789$0$5,948,850
79$24,118,796$196,892$0$6,441,394
80$26,431,653$59,281$0$6,984,162
81$28,975,784$0$0$7,582,451
82$31,774,632$0$0$8,288,511
83$34,854,026$0$0$9,099,319
84$38,242,427$0$0$9,991,739
85$41,971,195$0$0$10,974,061
86$46,074,879$0$0$12,055,420
87$50,591,552$0$0$13,245,880
88$55,563,163$0$0$14,556,532
89$61,035,933$0$0$15,999,598
90$67,060,793$0$0$17,588,542
91$73,693,863$0$0$19,338,204
92$80,996,982$0$0$21,264,934
93$89,038,289$0$0$23,386,749
94$97,892,867$0$0$25,723,502
95$107,643,451$0$0$28,297,069
96$118,381,209$0$0$31,131,559
97$130,206,599$0$0$34,253,534
98$143,230,319$0$0$37,692,267
99$157,574,352$0$0$41,480,014
100$173,373,115$0$0$45,652,321