Can I retire at age 43 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$101,572$100,667$99,785$98,923$98,082$96,736
2 years$50,283$49,347$48,439$47,559$46,706$45,352
3 years$33,189$32,249$31,343$30,472$29,632$28,313
4 years$24,644$23,706$22,810$21,953$21,134$19,859
5 years$19,518$18,586$17,701$16,862$16,066$14,839
6 years$16,102$15,177$14,305$13,485$12,712$11,535
7 years$13,663$12,745$11,888$11,087$10,338$9,212
8 years$11,834$10,925$10,082$9,300$8,577$7,500
9 years$10,413$9,512$8,683$7,922$7,223$6,196
10 years$9,276$8,385$7,570$6,829$6,154$5,176
11 years$8,347$7,464$6,665$5,943$5,293$4,362
12 years$7,573$6,700$5,915$5,213$4,587$3,703
13 years$6,919$6,055$5,285$4,602$4,000$3,161
14 years$6,359$5,503$4,748$4,085$3,506$2,712
15 years$5,873$5,027$4,287$3,643$3,087$2,336
16 years$5,449$4,613$3,887$3,262$2,728$2,019
17 years$5,076$4,248$3,537$2,931$2,419$1,749
18 years$4,744$3,925$3,229$2,641$2,151$1,520
19 years$4,447$3,638$2,956$2,387$1,917$1,323
20 years$4,180$3,381$2,713$2,162$1,712$1,154
21 years$3,939$3,149$2,495$1,962$1,532$1,008
22 years$3,721$2,939$2,300$1,784$1,374$881
23 years$3,521$2,749$2,123$1,625$1,233$772
24 years$3,339$2,576$1,964$1,482$1,108$676
25 years$3,171$2,417$1,819$1,353$997$593
26 years$3,017$2,272$1,687$1,237$898$521
27 years$2,874$2,138$1,566$1,132$810$458
28 years$2,741$2,015$1,456$1,038$731$402
29 years$2,618$1,901$1,355$951$660$354
30 years$2,504$1,795$1,262$873$596$311
31 years$2,397$1,697$1,177$802$539$274
32 years$2,297$1,606$1,098$737$488$241
33 years$2,203$1,520$1,025$678$441$212
34 years$2,115$1,441$958$624$400$187
35 years$2,032$1,367$895$574$362$165
36 years$1,954$1,297$838$529$328$145
37 years$1,880$1,232$784$487$297$128
38 years$1,810$1,171$734$449$269$113
39 years$1,744$1,113$688$414$244$99
40 years$1,682$1,059$645$382$222$88
41 years$1,622$1,008$605$352$201$77
42 years$1,566$960$567$325$182$68
43 years$1,512$915$532$300$166$60
44 years$1,461$872$500$277$150$53
45 years$1,413$832$469$256$136$47
46 years$1,366$793$441$236$124$41
47 years$1,322$757$414$218$112$36
48 years$1,280$723$389$202$102$32
49 years$1,240$690$366$187$93$28
50 years$1,201$659$344$172$84$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,230,000, adding $5,128 every year, while hoping to spend $43,246 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: 79/10/11 Blend
42$1,230,000$1,230,000$1,230,000$1,230,000
43$1,360,750$1,295,560$1,276,495$1,465,192
44$1,453,533$1,313,029$1,273,244$1,552,005
45$1,554,330$1,329,904$1,268,435$1,641,110
46$1,663,914$1,346,111$1,261,969$1,737,609
47$1,783,133$1,361,571$1,253,745$1,842,224
48$1,912,922$1,376,197$1,243,655$1,955,744
49$2,054,308$1,389,899$1,231,585$2,079,044
50$2,208,423$1,402,580$1,217,419$2,213,084
51$2,376,512$1,414,136$1,201,033$2,358,924
52$2,559,945$1,424,458$1,182,296$2,517,730
53$2,760,231$1,433,428$1,161,075$2,690,789
54$2,979,030$1,440,921$1,137,226$2,879,517
55$3,218,170$1,446,805$1,110,602$3,085,474
56$3,479,664$1,450,939$1,081,047$3,310,381
57$3,765,727$1,453,172$1,048,400$3,556,132
58$4,078,799$1,453,345$1,012,489$3,824,815
59$4,421,567$1,451,290$973,138$4,118,732
60$4,796,989$1,446,826$930,161$4,440,419
61$5,208,324$1,439,762$883,363$4,792,670
62$5,659,160$1,429,896$832,542$5,178,565
63$6,153,447$1,417,014$777,485$5,601,497
64$6,695,539$1,400,889$717,971$6,065,207
65$7,290,229$1,381,277$653,769$6,573,816
66$7,942,798$1,357,925$584,635$7,131,868
67$8,659,061$1,330,561$510,318$7,744,369
68$9,445,424$1,298,898$430,553$8,416,836
69$10,308,946$1,262,633$345,065$9,155,350
70$11,257,400$1,221,443$253,566$9,966,613
71$12,299,350$1,174,989$155,756$10,858,010
72$13,444,230$1,122,910$51,320$11,837,683
73$14,702,434$1,064,824$0$12,914,601
74$16,085,411$1,000,330$0$14,105,711
75$17,605,778$929,001$0$15,421,739
76$19,277,430$850,385$0$16,868,707
77$21,115,681$764,007$0$18,459,894
78$23,137,400$669,363$0$20,209,936
79$25,361,174$565,921$0$22,134,956
80$27,807,482$453,119$0$24,252,724
81$30,498,886$330,362$0$26,582,820
82$33,460,246$197,024$0$29,146,823
83$36,718,956$52,443$0$31,968,508
84$40,305,195$0$0$35,074,078
85$44,252,220$0$0$38,503,859
86$48,596,672$0$0$42,285,383
87$53,378,925$0$0$46,448,027
88$58,643,469$0$0$51,030,522
89$64,439,322$0$0$56,075,541
90$70,820,500$0$0$61,630,110
91$77,846,523$0$0$67,746,043
92$85,582,972$0$0$74,480,436
93$94,102,118$0$0$81,896,202
94$103,483,590$0$0$90,062,667
95$113,815,140$0$0$99,056,223
96$125,193,458$0$0$108,961,047
97$137,725,094$0$0$119,869,898
98$151,527,456$0$0$131,884,988
99$166,729,924$0$0$145,118,951
100$183,475,063$0$0$159,695,901