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%17.4%
1 years$101,572$100,667$99,785$98,923$98,082$95,133
2 years$50,283$49,347$48,439$47,559$46,706$43,759
3 years$33,189$32,249$31,343$30,472$29,632$26,781
4 years$24,644$23,706$22,810$21,953$21,134$18,400
5 years$19,518$18,586$17,701$16,862$16,066$13,456
6 years$16,102$15,177$14,305$13,485$12,712$10,229
7 years$13,663$12,745$11,888$11,087$10,338$7,982
8 years$11,834$10,925$10,082$9,300$8,577$6,345
9 years$10,413$9,512$8,683$7,922$7,223$5,114
10 years$9,276$8,385$7,570$6,829$6,154$4,166
11 years$8,347$7,464$6,665$5,943$5,293$3,421
12 years$7,573$6,700$5,915$5,213$4,587$2,827
13 years$6,919$6,055$5,285$4,602$4,000$2,349
14 years$6,359$5,503$4,748$4,085$3,506$1,959
15 years$5,873$5,027$4,287$3,643$3,087$1,640
16 years$5,449$4,613$3,887$3,262$2,728$1,377
17 years$5,076$4,248$3,537$2,931$2,419$1,159
18 years$4,744$3,925$3,229$2,641$2,151$977
19 years$4,447$3,638$2,956$2,387$1,917$825
20 years$4,180$3,381$2,713$2,162$1,712$697
21 years$3,939$3,149$2,495$1,962$1,532$590
22 years$3,721$2,939$2,300$1,784$1,374$500
23 years$3,521$2,749$2,123$1,625$1,233$424
24 years$3,339$2,576$1,964$1,482$1,108$360
25 years$3,171$2,417$1,819$1,353$997$306
26 years$3,017$2,272$1,687$1,237$898$260
27 years$2,874$2,138$1,566$1,132$810$221
28 years$2,741$2,015$1,456$1,038$731$188
29 years$2,618$1,901$1,355$951$660$159
30 years$2,504$1,795$1,262$873$596$136
31 years$2,397$1,697$1,177$802$539$115
32 years$2,297$1,606$1,098$737$488$98
33 years$2,203$1,520$1,025$678$441$84
34 years$2,115$1,441$958$624$400$71
35 years$2,032$1,367$895$574$362$61
36 years$1,954$1,297$838$529$328$52
37 years$1,880$1,232$784$487$297$44
38 years$1,810$1,171$734$449$269$37
39 years$1,744$1,113$688$414$244$32
40 years$1,682$1,059$645$382$222$27
41 years$1,622$1,008$605$352$201$23
42 years$1,566$960$567$325$182$20
43 years$1,512$915$532$300$166$17
44 years$1,461$872$500$277$150$14
45 years$1,413$832$469$256$136$12
46 years$1,366$793$441$236$124$10
47 years$1,322$757$414$218$112$9
48 years$1,280$723$389$202$102$7
49 years$1,240$690$366$187$93$6
50 years$1,201$659$344$172$84$5

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 $5,158 every year, while hoping to spend $20,259 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: 59/24/17 Blend
42$1,230,000$1,230,000$1,230,000$1,230,000
43$1,360,780$1,295,590$1,276,525$1,434,796
44$1,478,025$1,337,519$1,297,734$1,527,395
45$1,606,549$1,380,823$1,318,973$1,625,645
46$1,747,482$1,425,549$1,340,224$1,732,325
47$1,902,068$1,471,743$1,361,464$1,848,252
48$2,071,676$1,519,456$1,382,671$1,974,324
49$2,257,816$1,568,738$1,403,819$2,111,531
50$2,462,149$1,619,643$1,424,883$2,260,962
51$2,686,507$1,672,223$1,445,835$2,423,817
52$2,932,905$1,726,537$1,466,645$2,601,416
53$3,203,566$1,782,641$1,487,282$2,795,212
54$3,500,936$1,840,597$1,507,712$3,006,807
55$3,827,712$1,900,467$1,527,902$3,237,962
56$4,186,865$1,962,316$1,547,812$3,490,619
57$4,581,665$2,026,210$1,567,404$3,766,915
58$5,015,720$2,092,219$1,586,637$4,069,205
59$5,492,999$2,160,414$1,605,465$4,400,081
60$6,017,880$2,230,869$1,623,843$4,762,399
61$6,595,184$2,303,661$1,641,722$5,159,304
62$7,230,222$2,378,870$1,659,049$5,594,261
63$7,928,847$2,456,577$1,675,770$6,071,087
64$8,697,508$2,536,868$1,691,827$6,593,985
65$9,543,310$2,619,831$1,707,159$7,167,587
66$10,474,082$2,705,557$1,721,703$7,796,995
67$11,498,449$2,794,140$1,735,391$8,487,829
68$12,625,916$2,885,677$1,748,151$9,246,280
69$13,866,954$2,980,271$1,759,910$10,079,170
70$15,233,105$3,078,026$1,770,588$10,994,015
71$16,737,082$3,179,049$1,780,103$11,999,095
72$18,392,896$3,283,454$1,788,368$13,103,531
73$20,215,985$3,391,357$1,795,292$14,317,375
74$22,223,360$3,502,878$1,800,779$15,651,700
75$24,433,766$3,618,142$1,804,728$17,118,708
76$26,867,857$3,737,278$1,807,033$18,731,842
77$29,548,394$3,860,420$1,807,584$20,505,914
78$32,500,456$3,987,706$1,806,264$22,457,246
79$35,751,679$4,119,281$1,802,951$24,603,821
80$39,332,516$4,255,292$1,797,516$26,965,453
81$43,276,525$4,395,893$1,789,825$29,563,977
82$47,620,684$4,541,245$1,779,737$32,423,449
83$52,405,741$4,691,513$1,767,105$35,570,381
84$57,676,597$4,846,868$1,751,774$39,033,982
85$63,482,734$5,007,488$1,733,582$42,846,439
86$69,878,674$5,173,557$1,712,359$47,043,220
87$76,924,502$5,345,265$1,687,927$51,663,407
88$84,686,429$5,522,810$1,660,099$56,750,066
89$93,237,414$5,706,397$1,628,682$62,350,652
90$102,657,858$5,896,238$1,593,471$68,517,458
91$113,036,360$6,092,554$1,554,252$75,308,105
92$124,470,552$6,295,573$1,510,803$82,786,093
93$137,068,023$6,505,530$1,462,889$91,021,391
94$150,947,332$6,722,672$1,410,267$100,091,103
95$166,239,129$6,947,253$1,352,680$110,080,195
96$183,087,388$7,179,535$1,289,863$121,082,295
97$201,650,763$7,419,794$1,221,534$133,200,577
98$222,104,088$7,668,312$1,147,403$146,548,735
99$244,640,029$7,925,382$1,067,165$161,252,057
100$269,470,897$8,191,312$980,500$177,448,605