Can I retire at age 43 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$102,398$101,486$100,596$99,727$98,879$96,022
2 years$50,692$49,748$48,833$47,946$47,085$44,229
3 years$33,459$32,511$31,598$30,719$29,873$27,108
4 years$24,844$23,899$22,995$22,132$21,306$18,652
5 years$19,677$18,737$17,845$16,999$16,196$13,662
6 years$16,233$15,300$14,422$13,594$12,815$10,403
7 years$13,774$12,849$11,985$11,177$10,422$8,132
8 years$11,930$11,014$10,164$9,376$8,646$6,476
9 years$10,497$9,590$8,754$7,986$7,282$5,229
10 years$9,352$8,453$7,632$6,884$6,204$4,267
11 years$8,415$7,525$6,719$5,991$5,336$3,511
12 years$7,635$6,754$5,963$5,255$4,624$2,907
13 years$6,975$6,104$5,328$4,640$4,032$2,420
14 years$6,410$5,548$4,787$4,118$3,535$2,023
15 years$5,921$5,068$4,322$3,673$3,112$1,697
16 years$5,494$4,650$3,918$3,289$2,750$1,428
17 years$5,117$4,283$3,566$2,955$2,439$1,204
18 years$4,782$3,957$3,255$2,663$2,168$1,017
19 years$4,483$3,668$2,980$2,406$1,933$861
20 years$4,214$3,408$2,735$2,179$1,726$730
21 years$3,971$3,174$2,515$1,978$1,545$619
22 years$3,751$2,963$2,318$1,798$1,385$526
23 years$3,550$2,771$2,141$1,638$1,243$447
24 years$3,366$2,597$1,980$1,494$1,117$380
25 years$3,197$2,437$1,834$1,364$1,005$324
26 years$3,041$2,290$1,701$1,247$906$275
27 years$2,897$2,155$1,579$1,142$817$235
28 years$2,764$2,031$1,468$1,046$737$200
29 years$2,640$1,916$1,366$959$665$170
30 years$2,524$1,810$1,272$880$601$145
31 years$2,416$1,711$1,186$809$543$124
32 years$2,315$1,619$1,107$743$492$106
33 years$2,221$1,533$1,033$683$445$90
34 years$2,132$1,453$966$629$403$77
35 years$2,048$1,378$903$579$365$66
36 years$1,969$1,308$844$533$331$56
37 years$1,895$1,242$790$491$300$48
38 years$1,825$1,180$740$453$272$41
39 years$1,758$1,123$693$417$246$35
40 years$1,695$1,068$650$385$223$30
41 years$1,635$1,017$609$355$203$25
42 years$1,579$968$572$328$184$22
43 years$1,525$922$536$303$167$19
44 years$1,473$879$504$279$152$16
45 years$1,424$839$473$258$138$14
46 years$1,378$800$444$238$125$12
47 years$1,333$763$417$220$113$10
48 years$1,290$729$392$203$103$8
49 years$1,250$696$369$188$94$7
50 years$1,211$665$346$174$85$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,240,000, adding $2,607 every year, while hoping to spend $58,732 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$1,240,000$1,240,000$1,240,000$1,240,000
43$1,369,169$1,303,449$1,284,229$1,424,771
44$1,446,334$1,304,828$1,264,760$1,465,033
45$1,529,401$1,304,305$1,242,671$1,502,440
46$1,618,911$1,301,727$1,217,811$1,541,617
47$1,715,456$1,296,928$1,190,024$1,582,750
48$1,819,688$1,289,733$1,159,146$1,626,043
49$1,932,324$1,279,958$1,125,005$1,671,726
50$2,054,150$1,267,405$1,087,421$1,720,057
51$2,186,031$1,251,865$1,046,208$1,771,322
52$2,328,918$1,233,119$1,001,168$1,825,843
53$2,483,857$1,210,931$952,096$1,883,979
54$2,651,998$1,185,053$898,778$1,946,128
55$2,834,604$1,155,224$840,990$2,012,737
56$3,033,068$1,121,164$778,498$2,084,302
57$3,248,919$1,082,579$711,055$2,161,377
58$3,483,841$1,039,158$638,408$2,244,580
59$3,739,686$990,570$560,288$2,334,595
60$4,018,493$936,467$476,417$2,432,188
61$4,322,506$876,479$386,502$2,538,207
62$4,654,192$810,218$290,241$2,653,597
63$5,016,270$737,269$187,315$2,779,408
64$5,411,732$657,197$77,392$2,916,806
65$5,843,870$569,542$0$3,067,086
66$6,316,312$473,816$0$3,235,094
67$6,833,047$369,505$0$3,426,290
68$7,398,473$256,066$0$3,635,865
69$8,017,429$132,924$0$3,865,817
70$8,695,243$0$0$4,118,360
71$9,437,786$0$0$4,396,230
72$10,251,521$0$0$4,779,433
73$11,143,566$0$0$5,199,669
74$12,121,760$0$0$5,660,651
75$13,194,739$0$0$6,166,467
76$14,372,014$0$0$6,721,621
77$15,664,060$0$0$7,331,076
78$17,082,417$0$0$8,000,296
79$18,639,796$0$0$8,735,303
80$20,350,199$0$0$9,542,728
81$22,229,051$0$0$10,429,878
82$24,293,345$0$0$11,404,802
83$26,561,801$0$0$12,476,366
84$29,055,040$0$0$13,654,341
85$31,795,784$0$0$14,949,489
86$34,809,064$0$0$16,373,668
87$38,122,456$0$0$17,939,942
88$41,766,345$0$0$19,662,705
89$45,774,205$0$0$21,557,816
90$50,182,920$0$0$23,642,748
91$55,033,126$0$0$25,936,753
92$60,369,596$0$0$28,461,044
93$66,241,663$0$0$31,238,993
94$72,703,685$0$0$34,296,352
95$79,815,551$0$0$37,661,498
96$87,643,255$0$0$41,365,697
97$96,259,509$0$0$45,443,400
98$105,744,436$0$0$49,932,568
99$116,186,319$0$0$54,875,031
100$127,682,437$0$0$60,316,879