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%14.7%
1 years$102,398$101,486$100,596$99,727$98,879$96,962
2 years$50,692$49,748$48,833$47,946$47,085$45,162
3 years$33,459$32,511$31,598$30,719$29,873$28,003
4 years$24,844$23,899$22,995$22,132$21,306$19,503
5 years$19,677$18,737$17,845$16,999$16,196$14,467
6 years$16,233$15,300$14,422$13,594$12,815$11,161
7 years$13,774$12,849$11,985$11,177$10,422$8,843
8 years$11,930$11,014$10,164$9,376$8,646$7,142
9 years$10,497$9,590$8,754$7,986$7,282$5,851
10 years$9,352$8,453$7,632$6,884$6,204$4,846
11 years$8,415$7,525$6,719$5,991$5,336$4,049
12 years$7,635$6,754$5,963$5,255$4,624$3,406
13 years$6,975$6,104$5,328$4,640$4,032$2,881
14 years$6,410$5,548$4,787$4,118$3,535$2,448
15 years$5,921$5,068$4,322$3,673$3,112$2,089
16 years$5,494$4,650$3,918$3,289$2,750$1,787
17 years$5,117$4,283$3,566$2,955$2,439$1,534
18 years$4,782$3,957$3,255$2,663$2,168$1,319
19 years$4,483$3,668$2,980$2,406$1,933$1,136
20 years$4,214$3,408$2,735$2,179$1,726$981
21 years$3,971$3,174$2,515$1,978$1,545$848
22 years$3,751$2,963$2,318$1,798$1,385$733
23 years$3,550$2,771$2,141$1,638$1,243$635
24 years$3,366$2,597$1,980$1,494$1,117$551
25 years$3,197$2,437$1,834$1,364$1,005$478
26 years$3,041$2,290$1,701$1,247$906$415
27 years$2,897$2,155$1,579$1,142$817$360
28 years$2,764$2,031$1,468$1,046$737$313
29 years$2,640$1,916$1,366$959$665$272
30 years$2,524$1,810$1,272$880$601$237
31 years$2,416$1,711$1,186$809$543$206
32 years$2,315$1,619$1,107$743$492$179
33 years$2,221$1,533$1,033$683$445$156
34 years$2,132$1,453$966$629$403$136
35 years$2,048$1,378$903$579$365$118
36 years$1,969$1,308$844$533$331$103
37 years$1,895$1,242$790$491$300$90
38 years$1,825$1,180$740$453$272$78
39 years$1,758$1,123$693$417$246$68
40 years$1,695$1,068$650$385$223$59
41 years$1,635$1,017$609$355$203$52
42 years$1,579$968$572$328$184$45
43 years$1,525$922$536$303$167$39
44 years$1,473$879$504$279$152$34
45 years$1,424$839$473$258$138$30
46 years$1,378$800$444$238$125$26
47 years$1,333$763$417$220$113$23
48 years$1,290$729$392$203$103$20
49 years$1,250$696$369$188$94$17
50 years$1,211$665$346$174$85$15

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 $3,495 every year, while hoping to spend $31,181 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: 63/10/27 Blend
42$1,240,000$1,240,000$1,240,000$1,240,000
43$1,370,085$1,304,365$1,285,145$1,446,355
44$1,476,657$1,335,103$1,295,021$1,529,200
45$1,593,055$1,366,301$1,304,183$1,615,921
46$1,720,247$1,397,951$1,312,574$1,709,972
47$1,859,301$1,430,039$1,320,134$1,812,074
48$2,011,392$1,462,553$1,326,800$1,923,025
49$2,177,812$1,495,476$1,332,506$2,043,702
50$2,359,988$1,528,793$1,337,184$2,175,075
51$2,559,486$1,562,483$1,340,759$2,318,209
52$2,778,034$1,596,526$1,343,155$2,474,280
53$3,017,536$1,630,898$1,344,293$2,644,583
54$3,280,084$1,665,572$1,344,087$2,830,548
55$3,567,988$1,700,520$1,342,449$3,033,749
56$3,883,788$1,735,711$1,339,286$3,255,920
57$4,230,283$1,771,109$1,334,501$3,498,975
58$4,610,557$1,806,679$1,327,992$3,765,021
59$5,028,006$1,842,378$1,319,651$4,056,382
60$5,486,370$1,878,162$1,309,367$4,375,620
61$5,989,771$1,913,983$1,297,022$4,725,558
62$6,542,748$1,949,788$1,282,492$5,109,308
63$7,150,302$1,985,522$1,265,650$5,530,300
64$7,817,943$2,021,123$1,246,359$5,992,316
65$8,551,741$2,056,525$1,224,479$6,499,522
66$9,358,381$2,091,657$1,199,862$7,056,513
67$10,245,230$2,126,443$1,172,352$7,668,352
68$11,220,406$2,160,801$1,141,789$8,340,619
69$12,292,850$2,194,643$1,108,001$9,079,468
70$13,472,414$2,227,874$1,070,812$9,891,678
71$14,769,953$2,260,392$1,030,037$10,784,723
72$16,197,426$2,292,089$985,481$11,766,842
73$17,768,011$2,322,849$936,943$12,847,113
74$19,496,227$2,352,548$884,209$14,035,546
75$21,398,071$2,381,051$827,059$15,343,170
76$23,491,170$2,408,219$765,261$16,782,144
77$25,794,946$2,433,898$698,574$18,365,869
78$28,330,798$2,457,927$626,744$20,109,114
79$31,122,308$2,480,134$549,508$22,028,159
80$34,195,458$2,500,334$466,591$24,140,947
81$37,578,876$2,518,333$377,704$26,467,254
82$41,304,112$2,533,921$282,547$29,028,875
83$45,405,925$2,546,877$180,806$31,849,835
84$49,922,620$2,556,965$72,154$34,956,609
85$54,896,405$2,563,934$0$38,378,380
86$60,373,789$2,567,517$0$42,159,927
87$66,406,021$2,567,431$0$46,347,083
88$73,049,576$2,563,375$0$50,958,216
89$80,366,682$2,555,030$0$56,036,493
90$88,425,914$2,542,057$0$61,629,487
91$97,302,835$2,524,096$0$67,789,620
92$107,080,712$2,500,765$0$74,574,660
93$117,851,303$2,471,660$0$82,048,267
94$129,715,716$2,436,352$0$90,280,591
95$142,785,373$2,394,387$0$99,348,939
96$157,183,052$2,345,283$0$109,338,500
97$173,044,052$2,288,530$0$120,343,152
98$190,517,466$2,223,589$0$132,466,346
99$209,767,591$2,149,888$0$145,822,086
100$230,975,475$2,066,822$0$160,536,002