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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$101,572$100,667$99,785$98,923$98,082$94,302
2 years$50,283$49,347$48,439$47,559$46,706$42,943
3 years$33,189$32,249$31,343$30,472$29,632$26,004
4 years$24,644$23,706$22,810$21,953$21,134$17,669
5 years$19,518$18,586$17,701$16,862$16,066$12,772
6 years$16,102$15,177$14,305$13,485$12,712$9,593
7 years$13,663$12,745$11,888$11,087$10,338$7,392
8 years$11,834$10,925$10,082$9,300$8,577$5,801
9 years$10,413$9,512$8,683$7,922$7,223$4,613
10 years$9,276$8,385$7,570$6,829$6,154$3,705
11 years$8,347$7,464$6,665$5,943$5,293$2,999
12 years$7,573$6,700$5,915$5,213$4,587$2,443
13 years$6,919$6,055$5,285$4,602$4,000$1,999
14 years$6,359$5,503$4,748$4,085$3,506$1,643
15 years$5,873$5,027$4,287$3,643$3,087$1,354
16 years$5,449$4,613$3,887$3,262$2,728$1,118
17 years$5,076$4,248$3,537$2,931$2,419$926
18 years$4,744$3,925$3,229$2,641$2,151$768
19 years$4,447$3,638$2,956$2,387$1,917$638
20 years$4,180$3,381$2,713$2,162$1,712$530
21 years$3,939$3,149$2,495$1,962$1,532$441
22 years$3,721$2,939$2,300$1,784$1,374$367
23 years$3,521$2,749$2,123$1,625$1,233$306
24 years$3,339$2,576$1,964$1,482$1,108$255
25 years$3,171$2,417$1,819$1,353$997$213
26 years$3,017$2,272$1,687$1,237$898$178
27 years$2,874$2,138$1,566$1,132$810$148
28 years$2,741$2,015$1,456$1,038$731$124
29 years$2,618$1,901$1,355$951$660$104
30 years$2,504$1,795$1,262$873$596$86
31 years$2,397$1,697$1,177$802$539$72
32 years$2,297$1,606$1,098$737$488$60
33 years$2,203$1,520$1,025$678$441$50
34 years$2,115$1,441$958$624$400$42
35 years$2,032$1,367$895$574$362$35
36 years$1,954$1,297$838$529$328$29
37 years$1,880$1,232$784$487$297$25
38 years$1,810$1,171$734$449$269$21
39 years$1,744$1,113$688$414$244$17
40 years$1,682$1,059$645$382$222$14
41 years$1,622$1,008$605$352$201$12
42 years$1,566$960$567$325$182$10
43 years$1,512$915$532$300$166$8
44 years$1,461$872$500$277$150$7
45 years$1,413$832$469$256$136$6
46 years$1,366$793$441$236$124$5
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$3
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$2

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 $4,477 every year, while hoping to spend $48,702 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: 54/32/14 Blend
42$1,230,000$1,230,000$1,230,000$1,230,000
43$1,360,078$1,294,888$1,275,823$1,428,274
44$1,446,987$1,306,519$1,266,745$1,486,841
45$1,541,129$1,317,088$1,255,730$1,544,940
46$1,643,190$1,326,490$1,242,662$1,607,066
47$1,753,924$1,334,617$1,227,420$1,673,616
48$1,874,162$1,341,351$1,209,876$1,745,024
49$2,004,815$1,346,566$1,189,896$1,821,773
50$2,146,890$1,350,131$1,167,341$1,904,395
51$2,301,490$1,351,905$1,142,064$1,993,481
52$2,469,831$1,351,737$1,113,912$2,089,681
53$2,653,251$1,349,470$1,082,726$2,193,715
54$2,853,222$1,344,933$1,048,336$2,306,378
55$3,071,364$1,337,948$1,010,569$2,428,548
56$3,309,461$1,328,325$969,241$2,561,198
57$3,569,475$1,315,863$924,160$2,705,400
58$3,853,568$1,300,347$875,126$2,862,339
59$4,164,119$1,281,550$821,929$3,033,325
60$4,503,747$1,259,234$764,351$3,219,805
61$4,875,336$1,233,143$702,163$3,423,376
62$5,282,061$1,203,008$635,127$3,645,804
63$5,727,419$1,168,544$562,992$3,889,037
64$6,215,262$1,129,448$485,498$4,155,228
65$6,749,830$1,085,402$402,373$4,446,755
66$7,335,792$1,036,067$313,333$4,766,242
67$7,978,294$981,085$218,080$5,116,587
68$8,683,000$920,077$116,306$5,500,989
69$9,456,149$852,645$7,685$5,922,982
70$10,304,615$778,364$0$6,386,465
71$11,235,970$696,787$0$6,911,909
72$12,258,551$607,442$0$7,490,174
73$13,381,545$509,829$0$8,125,410
74$14,615,073$403,420$0$8,823,460
75$15,970,282$287,659$0$9,590,773
76$17,459,453$161,957$0$10,434,457
77$19,096,115$25,691$0$11,362,356
78$20,895,175$0$0$12,383,118
79$22,873,054$0$0$13,549,170
80$25,047,843$0$0$14,841,387
81$27,439,475$0$0$16,262,581
82$30,069,912$0$0$17,825,819
83$32,963,348$0$0$19,545,497
84$36,146,444$0$0$21,437,478
85$39,648,572$0$0$23,519,239
86$43,502,096$0$0$25,810,037
87$47,742,674$0$0$28,331,089
88$52,409,597$0$0$31,105,773
89$57,546,157$0$0$34,159,850
90$63,200,056$0$0$37,521,704
91$69,423,855$0$0$41,222,609
92$76,275,469$0$0$45,297,028
93$83,818,714$0$0$49,782,934
94$92,123,910$0$0$54,722,169
95$101,268,539$0$0$60,160,839
96$111,337,983$0$0$66,149,749
97$122,426,322$0$0$72,744,882
98$134,637,225$0$0$80,007,926
99$148,084,927$0$0$88,006,857
100$162,895,309$0$0$96,816,580