Can I retire at age 43 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$109,004$108,033$107,086$106,161$105,259$101,971
2 years$53,963$52,958$51,984$51,039$50,123$46,840
3 years$35,618$34,608$33,637$32,701$31,800$28,625
4 years$26,447$25,441$24,479$23,559$22,680$19,637
5 years$20,946$19,946$18,997$18,096$17,241$14,338
6 years$17,280$16,287$15,352$14,471$13,642$10,882
7 years$14,662$13,678$12,758$11,898$11,095$8,477
8 years$12,700$11,725$10,820$9,981$9,204$6,727
9 years$11,175$10,208$9,319$8,501$7,751$5,412
10 years$9,955$8,998$8,124$7,328$6,604$4,400
11 years$8,958$8,011$7,153$6,378$5,680$3,606
12 years$8,127$7,190$6,348$5,594$4,922$2,974
13 years$7,425$6,498$5,671$4,939$4,292$2,466
14 years$6,824$5,906$5,096$4,384$3,763$2,053
15 years$6,303$5,395$4,601$3,910$3,313$1,715
16 years$5,848$4,950$4,171$3,501$2,928$1,436
17 years$5,447$4,559$3,796$3,146$2,596$1,206
18 years$5,091$4,213$3,465$2,835$2,308$1,014
19 years$4,772$3,904$3,172$2,561$2,057$855
20 years$4,486$3,628$2,911$2,320$1,838$721
21 years$4,228$3,379$2,678$2,105$1,645$609
22 years$3,993$3,154$2,468$1,914$1,474$515
23 years$3,779$2,950$2,279$1,743$1,323$435
24 years$3,583$2,764$2,107$1,590$1,189$369
25 years$3,403$2,594$1,952$1,452$1,070$312
26 years$3,237$2,438$1,810$1,328$964$265
27 years$3,084$2,294$1,681$1,215$869$224
28 years$2,942$2,162$1,563$1,114$784$190
29 years$2,810$2,040$1,454$1,021$708$161
30 years$2,687$1,926$1,355$937$640$137
31 years$2,572$1,821$1,263$861$579$116
32 years$2,465$1,723$1,178$791$523$99
33 years$2,364$1,632$1,100$727$474$84
34 years$2,269$1,546$1,028$669$429$71
35 years$2,180$1,467$961$616$388$60
36 years$2,096$1,392$899$567$352$51
37 years$2,017$1,322$841$523$319$44
38 years$1,943$1,257$788$482$289$37
39 years$1,872$1,195$738$444$262$31
40 years$1,805$1,137$692$410$238$27
41 years$1,741$1,082$649$378$216$23
42 years$1,681$1,031$609$349$196$19
43 years$1,623$982$571$322$178$16
44 years$1,568$936$536$297$161$14
45 years$1,516$893$503$275$146$12
46 years$1,466$852$473$254$133$10
47 years$1,419$813$444$234$121$9
48 years$1,374$776$417$217$110$7
49 years$1,330$741$392$200$100$6
50 years$1,289$708$369$185$90$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,320,000, adding $6,757 every year, while hoping to spend $51,341 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: 73/22/5 Blend
42$1,320,000$1,320,000$1,320,000$1,320,000
43$1,461,610$1,391,650$1,371,190$1,567,222
44$1,556,068$1,405,214$1,362,498$1,651,244
45$1,658,439$1,417,723$1,351,795$1,736,082
46$1,769,478$1,429,069$1,338,958$1,827,517
47$1,890,012$1,439,140$1,323,860$1,926,185
48$2,020,952$1,447,817$1,306,368$2,032,783
49$2,163,299$1,454,970$1,286,342$2,148,082
50$2,318,157$1,460,465$1,263,635$2,272,928
51$2,486,737$1,464,156$1,238,096$2,408,256
52$2,670,375$1,465,891$1,209,562$2,555,097
53$2,870,539$1,465,504$1,177,868$2,714,586
54$3,088,844$1,462,825$1,142,837$2,887,973
55$3,327,070$1,457,667$1,104,286$3,076,638
56$3,587,175$1,449,837$1,062,023$3,282,101
57$3,871,314$1,439,126$1,015,848$3,506,039
58$4,181,860$1,425,315$965,551$3,750,298
59$4,521,426$1,408,171$910,913$4,016,916
60$4,892,887$1,387,447$851,704$4,308,137
61$5,299,411$1,362,881$787,685$4,626,437
62$5,744,484$1,334,196$718,607$4,974,545
63$6,231,949$1,301,099$644,207$5,355,469
64$6,766,032$1,263,277$564,213$5,772,525
65$7,351,393$1,220,403$478,339$6,229,371
66$7,993,160$1,172,128$386,288$6,730,036
67$8,696,982$1,118,082$287,749$7,278,964
68$9,469,083$1,057,877$182,398$7,881,056
69$10,316,317$991,100$69,895$8,541,711
70$11,246,231$917,314$0$9,266,885
71$12,267,143$836,059$0$10,065,819
72$13,388,213$746,847$0$10,947,226
73$14,619,531$649,162$0$11,915,373
74$15,972,213$542,462$0$12,979,077
75$17,458,506$426,170$0$14,148,056
76$19,091,901$299,679$0$15,433,024
77$20,887,259$162,348$0$16,845,788
78$22,860,956$13,499$0$18,399,366
79$25,031,030$0$0$20,108,103
80$27,417,357$0$0$22,023,544
81$30,041,834$0$0$24,133,803
82$32,928,587$0$0$26,455,020
83$36,104,197$0$0$29,008,577
84$39,597,951$0$0$31,818,035
85$43,442,118$0$0$34,909,351
86$47,672,254$0$0$38,311,126
87$52,327,533$0$0$42,054,874
88$57,451,121$0$0$46,175,319
89$63,090,580$0$0$50,710,720
90$69,298,316$0$0$55,703,237
91$76,132,075$0$0$61,199,321
92$83,655,484$0$0$67,250,158
93$91,938,657$0$0$73,912,149
94$101,058,849$0$0$81,247,440
95$111,101,187$0$0$89,324,513
96$122,159,475$0$0$98,218,827
97$134,337,076$0$0$108,013,532
98$147,747,889$0$0$118,800,253
99$162,517,420$0$0$130,679,954
100$178,783,970$0$0$143,763,891