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%17.7%
1 years$100,746$99,849$98,974$98,119$97,285$94,246
2 years$49,874$48,946$48,045$47,173$46,326$43,292
3 years$32,919$31,987$31,089$30,224$29,391$26,456
4 years$24,443$23,513$22,625$21,775$20,962$18,149
5 years$19,359$18,435$17,558$16,725$15,935$13,252
6 years$15,971$15,053$14,189$13,375$12,609$10,057
7 years$13,552$12,642$11,791$10,996$10,254$7,835
8 years$11,738$10,836$10,000$9,225$8,507$6,217
9 years$10,328$9,435$8,613$7,857$7,164$5,002
10 years$9,201$8,317$7,509$6,773$6,104$4,066
11 years$8,279$7,404$6,611$5,895$5,250$3,333
12 years$7,512$6,645$5,867$5,170$4,549$2,749
13 years$6,863$6,005$5,242$4,565$3,967$2,279
14 years$6,307$5,459$4,710$4,052$3,478$1,897
15 years$5,826$4,987$4,252$3,614$3,062$1,585
16 years$5,405$4,575$3,855$3,236$2,706$1,328
17 years$5,034$4,213$3,508$2,907$2,399$1,115
18 years$4,705$3,893$3,202$2,620$2,133$938
19 years$4,411$3,608$2,932$2,367$1,902$790
20 years$4,146$3,353$2,691$2,144$1,699$666
21 years$3,907$3,123$2,475$1,946$1,520$563
22 years$3,690$2,915$2,281$1,769$1,362$476
23 years$3,493$2,727$2,106$1,611$1,223$402
24 years$3,312$2,555$1,948$1,470$1,099$341
25 years$3,145$2,398$1,804$1,342$989$289
26 years$2,992$2,253$1,673$1,227$891$245
27 years$2,850$2,121$1,554$1,123$803$207
28 years$2,719$1,998$1,444$1,029$725$176
29 years$2,597$1,885$1,344$944$655$149
30 years$2,483$1,780$1,252$866$591$127
31 years$2,377$1,683$1,167$795$535$107
32 years$2,278$1,592$1,089$731$484$91
33 years$2,185$1,508$1,017$672$438$77
34 years$2,097$1,429$950$619$396$66
35 years$2,015$1,356$888$569$359$56
36 years$1,938$1,287$831$524$325$47
37 years$1,864$1,222$778$483$295$40
38 years$1,795$1,161$728$445$267$34
39 years$1,730$1,104$682$411$242$29
40 years$1,668$1,051$640$379$220$25
41 years$1,609$1,000$600$349$199$21
42 years$1,553$953$563$323$181$18
43 years$1,500$908$528$298$164$15
44 years$1,450$865$495$275$149$13
45 years$1,401$825$465$254$135$11
46 years$1,355$787$437$234$123$9
47 years$1,312$751$411$217$112$8
48 years$1,270$717$386$200$101$7
49 years$1,230$685$363$185$92$6
50 years$1,191$654$341$171$84$5

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 $3,427 every year, while hoping to spend $34,030 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: 43/49/8 Blend
42$1,220,000$1,220,000$1,220,000$1,220,000
43$1,347,975$1,283,315$1,264,405$1,402,680
44$1,449,261$1,309,990$1,270,555$1,467,698
45$1,559,737$1,336,831$1,275,770$1,534,357
46$1,680,306$1,363,811$1,279,984$1,605,789
47$1,811,959$1,390,900$1,283,125$1,682,443
48$1,955,788$1,418,064$1,285,120$1,764,814
49$2,112,998$1,445,268$1,285,890$1,853,448
50$2,284,911$1,472,473$1,285,355$1,948,944
51$2,472,985$1,499,637$1,283,427$2,051,965
52$2,678,825$1,526,716$1,280,018$2,163,241
53$2,904,200$1,553,659$1,275,033$2,283,577
54$3,151,055$1,580,415$1,268,373$2,413,860
55$3,421,534$1,606,927$1,259,935$2,555,069
56$3,717,997$1,633,133$1,249,610$2,708,281
57$4,043,045$1,658,969$1,237,285$2,874,686
58$4,399,541$1,684,364$1,222,839$3,055,594
59$4,790,639$1,709,243$1,206,149$3,252,452
60$5,219,813$1,733,524$1,187,083$3,466,853
61$5,690,889$1,757,122$1,165,506$3,700,555
62$6,208,083$1,779,944$1,141,273$3,955,496
63$6,776,037$1,801,891$1,114,236$4,233,813
64$7,399,867$1,822,857$1,084,236$4,537,862
65$8,085,206$1,842,730$1,051,111$4,870,243
66$8,838,262$1,861,389$1,014,688$5,233,820
67$9,665,874$1,878,706$974,789$5,631,753
68$10,575,574$1,894,544$931,226$6,067,527
69$11,575,663$1,908,757$883,802$6,544,983
70$12,675,284$1,921,190$832,314$7,068,358
71$13,884,513$1,931,677$776,545$7,642,323
72$15,214,447$1,940,044$716,274$8,272,029
73$16,677,317$1,946,102$651,265$8,963,155
74$18,286,596$1,949,654$581,275$9,721,965
75$20,057,130$1,950,487$506,049$10,555,363
76$22,005,275$1,948,379$425,319$11,470,963
77$24,149,053$1,943,090$338,808$12,477,160
78$26,508,324$1,934,369$246,225$13,583,209
79$29,104,965$1,921,946$147,266$14,799,318
80$31,963,088$1,905,537$41,616$16,136,736
81$35,109,255$1,884,841$0$17,607,871
82$38,572,739$1,859,537$0$19,232,471
83$42,385,791$1,829,287$0$21,023,731
84$46,583,952$1,793,733$0$22,994,749
85$51,206,381$1,752,492$0$25,163,888
86$56,296,231$1,705,163$0$27,551,387
87$61,901,049$1,651,319$0$30,179,559
88$68,073,231$1,590,508$0$33,072,999
89$74,870,512$1,522,254$0$36,258,821
90$82,356,509$1,446,050$0$39,766,911
91$90,601,329$1,361,362$0$43,630,213
92$99,682,221$1,267,625$0$47,885,043
93$109,684,309$1,164,240$0$52,571,430
94$120,701,397$1,050,577$0$57,733,500
95$132,836,851$925,966$0$63,419,890
96$146,204,575$789,703$0$69,684,212
97$160,930,084$641,042$0$76,585,559
98$177,151,694$479,194$0$84,189,068
99$195,021,821$303,329$0$92,566,536
100$214,708,421$112,566$0$101,797,098