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%11.5%
1 years$101,572$100,667$99,785$98,923$98,082$97,464
2 years$50,283$49,347$48,439$47,559$46,706$46,082
3 years$33,189$32,249$31,343$30,472$29,632$29,022
4 years$24,644$23,706$22,810$21,953$21,134$20,543
5 years$19,518$18,586$17,701$16,862$16,066$15,495
6 years$16,102$15,177$14,305$13,485$12,712$12,163
7 years$13,663$12,745$11,888$11,087$10,338$9,810
8 years$11,834$10,925$10,082$9,300$8,577$8,070
9 years$10,413$9,512$8,683$7,922$7,223$6,737
10 years$9,276$8,385$7,570$6,829$6,154$5,690
11 years$8,347$7,464$6,665$5,943$5,293$4,849
12 years$7,573$6,700$5,915$5,213$4,587$4,163
13 years$6,919$6,055$5,285$4,602$4,000$3,596
14 years$6,359$5,503$4,748$4,085$3,506$3,122
15 years$5,873$5,027$4,287$3,643$3,087$2,722
16 years$5,449$4,613$3,887$3,262$2,728$2,381
17 years$5,076$4,248$3,537$2,931$2,419$2,090
18 years$4,744$3,925$3,229$2,641$2,151$1,839
19 years$4,447$3,638$2,956$2,387$1,917$1,622
20 years$4,180$3,381$2,713$2,162$1,712$1,433
21 years$3,939$3,149$2,495$1,962$1,532$1,269
22 years$3,721$2,939$2,300$1,784$1,374$1,125
23 years$3,521$2,749$2,123$1,625$1,233$998
24 years$3,339$2,576$1,964$1,482$1,108$887
25 years$3,171$2,417$1,819$1,353$997$789
26 years$3,017$2,272$1,687$1,237$898$703
27 years$2,874$2,138$1,566$1,132$810$626
28 years$2,741$2,015$1,456$1,038$731$558
29 years$2,618$1,901$1,355$951$660$498
30 years$2,504$1,795$1,262$873$596$445
31 years$2,397$1,697$1,177$802$539$397
32 years$2,297$1,606$1,098$737$488$355
33 years$2,203$1,520$1,025$678$441$317
34 years$2,115$1,441$958$624$400$284
35 years$2,032$1,367$895$574$362$254
36 years$1,954$1,297$838$529$328$227
37 years$1,880$1,232$784$487$297$203
38 years$1,810$1,171$734$449$269$182
39 years$1,744$1,113$688$414$244$163
40 years$1,682$1,059$645$382$222$146
41 years$1,622$1,008$605$352$201$131
42 years$1,566$960$567$325$182$117
43 years$1,512$915$532$300$166$105
44 years$1,461$872$500$277$150$94
45 years$1,413$832$469$256$136$84
46 years$1,366$793$441$236$124$75
47 years$1,322$757$414$218$112$68
48 years$1,280$723$389$202$102$61
49 years$1,240$690$366$187$93$54
50 years$1,201$659$344$172$84$49

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 $2,640 every year, while hoping to spend $40,616 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: 67/11/22 Blend
42$1,230,000$1,230,000$1,230,000$1,230,000
43$1,358,183$1,292,993$1,273,928$1,441,432
44$1,453,503$1,313,135$1,273,390$1,517,737
45$1,557,184$1,332,902$1,271,472$1,596,244
46$1,670,036$1,352,234$1,268,086$1,681,142
47$1,792,951$1,371,064$1,263,138$1,773,060
48$1,926,909$1,389,323$1,256,530$1,872,692
49$2,072,989$1,406,936$1,248,159$1,980,804
50$2,232,380$1,423,822$1,237,919$2,098,238
51$2,406,390$1,439,896$1,225,696$2,225,925
52$2,596,457$1,455,067$1,211,372$2,364,890
53$2,804,166$1,469,236$1,194,824$2,516,264
54$3,031,263$1,482,299$1,175,922$2,681,293
55$3,279,666$1,494,147$1,154,530$2,861,354
56$3,551,492$1,504,660$1,130,507$3,057,960
57$3,849,070$1,513,714$1,103,704$3,272,784
58$4,174,963$1,521,174$1,073,966$3,507,668
59$4,531,995$1,526,897$1,041,130$3,764,645
60$4,923,278$1,530,734$1,005,027$4,045,954
61$5,352,235$1,532,523$965,478$4,354,066
62$5,822,639$1,532,093$922,298$4,691,704
63$6,338,646$1,529,263$875,293$5,061,871
64$6,904,832$1,523,841$824,259$5,467,878
65$7,526,237$1,515,622$768,984$5,913,375
66$8,208,415$1,504,389$709,246$6,402,387
67$8,957,481$1,489,912$644,814$6,939,351
68$9,780,174$1,471,948$575,446$7,529,159
69$10,683,917$1,450,238$500,888$8,177,203
70$11,676,885$1,424,508$420,876$8,889,430
71$12,768,087$1,394,469$335,136$9,672,394
72$13,967,447$1,359,813$243,378$10,533,323
73$15,285,898$1,320,215$145,302$11,480,182
74$16,735,484$1,275,330$40,594$12,521,754
75$18,329,477$1,224,794$0$13,667,721
76$20,082,496$1,168,222$0$14,945,458
77$22,010,651$1,105,205$0$16,361,283
78$24,131,689$1,035,312$0$17,918,712
79$26,465,166$958,087$0$19,632,128
80$29,032,627$873,047$0$21,517,385
81$31,857,811$779,683$0$23,591,950
82$34,966,876$677,456$0$25,875,074
83$38,388,642$565,795$0$28,387,969
84$42,154,865$444,100$0$31,154,012
85$46,300,535$311,736$0$34,198,965
86$50,864,210$168,031$0$37,551,216
87$55,888,371$12,276$0$41,242,050
88$61,419,831$0$0$45,305,943
89$67,510,171$0$0$49,799,805
90$74,216,231$0$0$54,749,719
91$81,600,638$0$0$60,200,439
92$89,732,408$0$0$66,202,919
93$98,687,586$0$0$72,813,307
94$108,549,970$0$0$80,093,471
95$119,411,899$0$0$88,111,589
96$131,375,124$0$0$96,942,784
97$144,551,770$0$0$106,669,842
98$159,065,389$0$0$117,383,985
99$175,052,132$0$0$129,185,735
100$192,662,028$0$0$142,185,865