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

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$109,004$108,033$107,086$106,161$105,259$101,242
2 years$53,963$52,958$51,984$51,039$50,123$46,124
3 years$35,618$34,608$33,637$32,701$31,800$27,944
4 years$26,447$25,441$24,479$23,559$22,680$18,997
5 years$20,946$19,946$18,997$18,096$17,241$13,739
6 years$17,280$16,287$15,352$14,471$13,642$10,325
7 years$14,662$13,678$12,758$11,898$11,095$7,961
8 years$12,700$11,725$10,820$9,981$9,204$6,250
9 years$11,175$10,208$9,319$8,501$7,751$4,974
10 years$9,955$8,998$8,124$7,328$6,604$3,998
11 years$8,958$8,011$7,153$6,378$5,680$3,238
12 years$8,127$7,190$6,348$5,594$4,922$2,639
13 years$7,425$6,498$5,671$4,939$4,292$2,161
14 years$6,824$5,906$5,096$4,384$3,763$1,777
15 years$6,303$5,395$4,601$3,910$3,313$1,465
16 years$5,848$4,950$4,171$3,501$2,928$1,212
17 years$5,447$4,559$3,796$3,146$2,596$1,004
18 years$5,091$4,213$3,465$2,835$2,308$833
19 years$4,772$3,904$3,172$2,561$2,057$692
20 years$4,486$3,628$2,911$2,320$1,838$576
21 years$4,228$3,379$2,678$2,105$1,645$480
22 years$3,993$3,154$2,468$1,914$1,474$400
23 years$3,779$2,950$2,279$1,743$1,323$334
24 years$3,583$2,764$2,107$1,590$1,189$278
25 years$3,403$2,594$1,952$1,452$1,070$232
26 years$3,237$2,438$1,810$1,328$964$194
27 years$3,084$2,294$1,681$1,215$869$162
28 years$2,942$2,162$1,563$1,114$784$136
29 years$2,810$2,040$1,454$1,021$708$113
30 years$2,687$1,926$1,355$937$640$95
31 years$2,572$1,821$1,263$861$579$79
32 years$2,465$1,723$1,178$791$523$66
33 years$2,364$1,632$1,100$727$474$55
34 years$2,269$1,546$1,028$669$429$46
35 years$2,180$1,467$961$616$388$39
36 years$2,096$1,392$899$567$352$32
37 years$2,017$1,322$841$523$319$27
38 years$1,943$1,257$788$482$289$23
39 years$1,872$1,195$738$444$262$19
40 years$1,805$1,137$692$410$238$16
41 years$1,741$1,082$649$378$216$13
42 years$1,681$1,031$609$349$196$11
43 years$1,623$982$571$322$178$9
44 years$1,568$936$536$297$161$8
45 years$1,516$893$503$275$146$7
46 years$1,466$852$473$254$133$5
47 years$1,419$813$444$234$121$5
48 years$1,374$776$417$217$110$4
49 years$1,330$741$392$200$100$3
50 years$1,289$708$369$185$90$3

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 $5,196 every year, while hoping to spend $53,826 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: 43/32/25 Blend
42$1,320,000$1,320,000$1,320,000$1,320,000
43$1,460,000$1,390,040$1,369,580$1,511,945
44$1,551,649$1,400,881$1,358,190$1,560,324
45$1,650,843$1,410,450$1,344,615$1,607,155
46$1,758,294$1,418,627$1,328,724$1,656,837
47$1,874,785$1,425,285$1,310,382$1,709,664
48$2,001,178$1,430,289$1,289,445$1,765,961
49$2,138,421$1,433,496$1,265,764$1,826,092
50$2,287,557$1,434,754$1,239,184$1,890,459
51$2,449,731$1,433,900$1,209,540$1,959,508
52$2,626,205$1,430,763$1,176,661$2,033,737
53$2,818,368$1,425,160$1,140,370$2,113,695
54$3,027,747$1,416,898$1,100,477$2,199,992
55$3,256,022$1,405,771$1,056,788$2,293,306
56$3,505,044$1,391,562$1,009,098$2,394,388
57$3,776,849$1,374,038$957,193$2,504,070
58$4,073,677$1,352,957$900,849$2,623,275
59$4,397,998$1,328,057$839,833$2,753,023
60$4,752,527$1,299,064$773,900$2,894,447
61$5,140,254$1,265,688$702,796$3,048,802
62$5,564,473$1,227,620$626,252$3,217,474
63$6,028,810$1,184,534$543,992$3,402,002
64$6,537,257$1,136,085$455,725$3,604,086
65$7,094,211$1,081,907$361,145$3,825,608
66$7,704,514$1,021,614$259,937$4,068,653
67$8,373,499$954,798$151,770$4,335,524
68$9,107,039$881,026$36,297$4,628,770
69$9,911,603$799,842$0$4,951,211
70$10,794,315$710,762$0$5,329,152
71$11,763,023$613,278$0$5,754,691
72$12,826,371$506,848$0$6,222,049
73$13,993,882$390,905$0$6,735,547
74$15,276,044$264,845$0$7,299,952
75$16,684,413$128,035$0$7,920,526
76$18,231,717$0$0$8,603,074
77$19,931,978$0$0$9,361,115
78$21,800,647$0$0$10,243,961
79$23,854,741$0$0$11,214,589
80$26,113,011$0$0$12,281,883
81$28,596,115$0$0$13,455,627
82$31,326,813$0$0$14,746,605
83$34,330,179$0$0$16,166,696
84$37,633,841$0$0$17,728,988
85$41,268,240$0$0$19,447,902
86$45,266,913$0$0$21,339,328
87$49,666,814$0$0$23,420,774
88$54,508,659$0$0$25,711,529
89$59,837,312$0$0$28,232,849
90$65,702,203$0$0$31,008,154
91$72,157,799$0$0$34,063,250
92$79,264,117$0$0$37,426,572
93$87,087,285$0$0$41,129,452
94$95,700,170$0$0$45,206,416
95$105,183,065$0$0$49,695,505
96$115,624,440$0$0$54,638,639
97$127,121,787$0$0$60,082,010
98$139,782,528$0$0$66,076,517
99$153,725,035$0$0$72,678,248
100$169,079,746$0$0$79,949,005