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%17.3%
1 years$109,004$108,033$107,086$106,161$105,259$102,135
2 years$53,963$52,958$51,984$51,039$50,123$47,002
3 years$35,618$34,608$33,637$32,701$31,800$28,779
4 years$26,447$25,441$24,479$23,559$22,680$19,782
5 years$20,946$19,946$18,997$18,096$17,241$14,475
6 years$17,280$16,287$15,352$14,471$13,642$11,010
7 years$14,662$13,678$12,758$11,898$11,095$8,596
8 years$12,700$11,725$10,820$9,981$9,204$6,838
9 years$11,175$10,208$9,319$8,501$7,751$5,514
10 years$9,955$8,998$8,124$7,328$6,604$4,494
11 years$8,958$8,011$7,153$6,378$5,680$3,693
12 years$8,127$7,190$6,348$5,594$4,922$3,054
13 years$7,425$6,498$5,671$4,939$4,292$2,539
14 years$6,824$5,906$5,096$4,384$3,763$2,120
15 years$6,303$5,395$4,601$3,910$3,313$1,776
16 years$5,848$4,950$4,171$3,501$2,928$1,492
17 years$5,447$4,559$3,796$3,146$2,596$1,256
18 years$5,091$4,213$3,465$2,835$2,308$1,060
19 years$4,772$3,904$3,172$2,561$2,057$895
20 years$4,486$3,628$2,911$2,320$1,838$758
21 years$4,228$3,379$2,678$2,105$1,645$642
22 years$3,993$3,154$2,468$1,914$1,474$544
23 years$3,779$2,950$2,279$1,743$1,323$462
24 years$3,583$2,764$2,107$1,590$1,189$392
25 years$3,403$2,594$1,952$1,452$1,070$333
26 years$3,237$2,438$1,810$1,328$964$283
27 years$3,084$2,294$1,681$1,215$869$241
28 years$2,942$2,162$1,563$1,114$784$205
29 years$2,810$2,040$1,454$1,021$708$175
30 years$2,687$1,926$1,355$937$640$149
31 years$2,572$1,821$1,263$861$579$126
32 years$2,465$1,723$1,178$791$523$108
33 years$2,364$1,632$1,100$727$474$92
34 years$2,269$1,546$1,028$669$429$78
35 years$2,180$1,467$961$616$388$67
36 years$2,096$1,392$899$567$352$57
37 years$2,017$1,322$841$523$319$48
38 years$1,943$1,257$788$482$289$41
39 years$1,872$1,195$738$444$262$35
40 years$1,805$1,137$692$410$238$30
41 years$1,741$1,082$649$378$216$26
42 years$1,681$1,031$609$349$196$22
43 years$1,623$982$571$322$178$19
44 years$1,568$936$536$297$161$16
45 years$1,516$893$503$275$146$13
46 years$1,466$852$473$254$133$11
47 years$1,419$813$444$234$121$10
48 years$1,374$776$417$217$110$8
49 years$1,330$741$392$200$100$7
50 years$1,289$708$369$185$90$6

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 $3,770 every year, while hoping to spend $35,511 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: 27/49/24 Blend
42$1,320,000$1,320,000$1,320,000$1,320,000
43$1,458,529$1,388,569$1,368,109$1,486,823
44$1,569,515$1,418,825$1,376,157$1,539,877
45$1,690,632$1,449,374$1,383,285$1,593,456
46$1,822,875$1,480,192$1,389,423$1,650,240
47$1,967,341$1,511,254$1,394,501$1,710,525
48$2,125,236$1,542,531$1,398,443$1,774,638
49$2,297,889$1,573,994$1,401,170$1,842,938
50$2,486,763$1,605,609$1,402,598$1,915,823
51$2,693,468$1,637,339$1,402,641$1,993,731
52$2,919,778$1,669,145$1,401,206$2,077,149
53$3,167,647$1,700,985$1,398,197$2,166,610
54$3,439,224$1,732,811$1,393,515$2,262,707
55$3,736,880$1,764,574$1,387,052$2,366,091
56$4,063,223$1,796,219$1,378,700$2,477,485
57$4,421,126$1,827,687$1,368,340$2,597,684
58$4,813,753$1,858,917$1,355,852$2,727,567
59$5,244,592$1,889,839$1,341,109$2,868,106
60$5,717,481$1,920,382$1,323,977$3,020,372
61$6,236,649$1,950,466$1,304,315$3,185,549
62$6,806,756$1,980,008$1,281,979$3,364,943
63$7,432,935$2,008,917$1,256,814$3,559,998
64$8,120,837$2,037,098$1,228,661$3,772,306
65$8,876,693$2,064,446$1,197,352$4,003,627
66$9,707,364$2,090,852$1,162,711$4,255,901
67$10,620,408$2,116,197$1,124,555$4,531,272
68$11,624,154$2,140,354$1,082,691$4,832,105
69$12,727,776$2,163,191$1,036,920$5,161,011
70$13,941,384$2,184,561$987,032$5,520,872
71$15,276,114$2,204,314$932,806$5,914,869
72$16,744,236$2,222,284$874,014$6,346,512
73$18,359,271$2,238,299$810,416$6,819,676
74$20,136,114$2,252,173$741,762$7,338,634
75$22,091,177$2,263,709$667,791$7,908,105
76$24,242,544$2,272,697$588,228$8,533,294
77$26,610,139$2,278,915$502,790$9,219,943
78$29,215,917$2,282,125$411,177$9,974,390
79$32,084,067$2,282,076$313,078$10,803,626
80$35,241,245$2,278,501$208,169$11,715,363
81$38,716,821$2,271,116$96,111$12,718,112
82$42,543,155$2,259,619$0$13,821,257
83$46,755,908$2,243,692$0$15,041,166
84$51,394,372$2,222,994$0$16,409,904
85$56,501,845$2,197,168$0$17,915,531
86$62,126,035$2,165,831$0$19,572,045
87$68,319,514$2,128,580$0$21,394,880
88$75,140,211$2,084,987$0$23,401,052
89$82,651,961$2,034,600$0$25,609,321
90$90,925,104$1,976,938$0$28,040,368
91$100,037,151$1,911,495$0$30,716,993
92$110,073,514$1,837,731$0$33,664,334
93$121,128,312$1,755,079$0$36,910,101
94$133,305,259$1,662,938$0$40,484,843
95$146,718,643$1,560,670$0$44,422,237
96$161,494,405$1,447,602$0$48,759,408
97$177,771,323$1,323,024$0$53,537,283
98$195,702,329$1,186,183$0$58,800,976
99$215,455,944$1,036,284$0$64,600,220
100$237,217,876$872,487$0$70,989,837