Can I retire at age 43 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$92,489$91,665$90,861$90,076$89,310$85,767
2 years$45,786$44,934$44,107$43,306$42,529$39,003
3 years$30,221$29,365$28,540$27,747$26,982$23,584
4 years$22,440$21,586$20,770$19,990$19,244$16,000
5 years$17,772$16,924$16,118$15,354$14,629$11,548
6 years$14,662$13,820$13,026$12,279$11,575$8,659
7 years$12,441$11,606$10,825$10,095$9,414$6,661
8 years$10,776$9,948$9,180$8,469$7,810$5,217
9 years$9,482$8,662$7,907$7,213$6,577$4,141
10 years$8,447$7,635$6,893$6,218$5,604$3,320
11 years$7,601$6,797$6,069$5,411$4,819$2,683
12 years$6,896$6,100$5,386$4,747$4,176$2,181
13 years$6,300$5,513$4,812$4,191$3,642$1,781
14 years$5,790$5,011$4,324$3,720$3,193$1,460
15 years$5,348$4,578$3,904$3,317$2,811$1,201
16 years$4,962$4,200$3,539$2,970$2,484$990
17 years$4,622$3,868$3,221$2,669$2,203$818
18 years$4,319$3,574$2,940$2,405$1,959$677
19 years$4,049$3,313$2,691$2,173$1,746$561
20 years$3,807$3,078$2,470$1,968$1,559$465
21 years$3,587$2,867$2,272$1,786$1,395$386
22 years$3,388$2,677$2,094$1,624$1,251$321
23 years$3,206$2,503$1,933$1,479$1,123$267
24 years$3,040$2,345$1,788$1,349$1,009$222
25 years$2,888$2,201$1,656$1,232$908$185
26 years$2,747$2,069$1,536$1,127$818$154
27 years$2,617$1,947$1,426$1,031$737$128
28 years$2,496$1,834$1,326$945$665$107
29 years$2,384$1,731$1,234$866$601$89
30 years$2,280$1,634$1,149$795$543$74
31 years$2,182$1,545$1,071$730$491$62
32 years$2,091$1,462$1,000$671$444$51
33 years$2,006$1,384$933$617$402$43
34 years$1,925$1,312$872$568$364$36
35 years$1,850$1,245$815$523$330$30
36 years$1,779$1,181$763$481$299$25
37 years$1,712$1,122$714$444$271$21
38 years$1,648$1,066$669$409$245$17
39 years$1,588$1,014$626$377$222$14
40 years$1,531$965$587$348$202$12
41 years$1,477$918$551$321$183$10
42 years$1,426$874$516$296$166$8
43 years$1,377$833$485$273$151$7
44 years$1,331$794$455$252$137$6
45 years$1,286$757$427$233$124$5
46 years$1,244$723$401$215$113$4
47 years$1,204$689$377$199$102$3
48 years$1,166$658$354$184$93$3
49 years$1,129$629$333$170$84$2
50 years$1,094$600$313$157$77$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,120,000, adding $3,100 every year, while hoping to spend $31,316 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: 81/6/13 Blend
42$1,120,000$1,120,000$1,120,000$1,120,000
43$1,237,438$1,178,078$1,160,718$1,334,371
44$1,330,336$1,202,483$1,166,282$1,422,861
45$1,431,661$1,227,036$1,170,983$1,515,577
46$1,542,238$1,251,708$1,174,758$1,616,438
47$1,662,978$1,276,473$1,177,544$1,726,245
48$1,794,880$1,301,299$1,179,271$1,845,883
49$1,939,049$1,326,154$1,179,867$1,976,322
50$2,096,698$1,351,001$1,179,258$2,118,634
51$2,269,162$1,375,801$1,177,364$2,273,999
52$2,457,913$1,400,512$1,174,103$2,443,717
53$2,664,572$1,425,089$1,169,387$2,629,219
54$2,890,923$1,449,482$1,163,126$2,832,083
55$3,138,930$1,473,640$1,155,224$3,054,047
56$3,410,758$1,497,505$1,145,580$3,297,025
57$3,708,789$1,521,017$1,134,091$3,563,127
58$4,035,649$1,544,110$1,120,647$3,854,676
59$4,394,228$1,566,714$1,105,131$4,174,235
60$4,787,711$1,588,755$1,087,425$4,524,624
61$5,219,605$1,610,152$1,067,401$4,908,953
62$5,693,774$1,630,819$1,044,929$5,330,647
63$6,214,474$1,650,664$1,019,869$5,793,482
64$6,786,394$1,669,590$992,078$6,301,616
65$7,414,697$1,687,491$961,404$6,859,633
66$8,105,075$1,704,257$927,689$7,472,585
67$8,863,794$1,719,767$890,769$8,146,035
68$9,697,761$1,733,895$850,469$8,886,118
69$10,614,583$1,746,507$806,610$9,699,592
70$11,622,642$1,757,457$759,003$10,593,903
71$12,731,172$1,766,593$707,451$11,577,260
72$13,950,348$1,773,752$651,746$12,658,704
73$15,291,378$1,778,761$591,674$13,848,204
74$16,766,613$1,781,434$527,010$15,156,740
75$18,389,661$1,781,578$457,518$16,596,417
76$20,175,514$1,778,983$382,953$18,180,571
77$22,140,693$1,773,430$303,058$19,923,900
78$24,303,400$1,764,684$217,567$21,842,601
79$26,683,690$1,752,497$126,198$23,954,523
80$29,303,661$1,736,604$28,661$26,279,337
81$32,187,665$1,716,728$0$28,838,719
82$35,362,530$1,692,570$0$31,667,020
83$38,857,820$1,663,819$0$34,785,025
84$42,706,112$1,630,140$0$38,217,811
85$46,943,301$1,591,182$0$41,997,397
86$51,608,939$1,546,572$0$46,159,065
87$56,746,612$1,495,915$0$50,741,695
88$62,404,344$1,438,793$0$55,788,128
89$68,635,057$1,374,764$0$61,345,574
90$75,497,065$1,303,359$0$67,466,057
91$83,054,626$1,224,084$0$74,206,903
92$91,378,550$1,136,416$0$81,631,286
93$100,546,863$1,039,802$0$89,808,818
94$110,645,547$933,656$0$98,816,211
95$121,769,348$817,360$0$108,737,998
96$134,022,672$690,261$0$119,667,334
97$147,520,570$551,669$0$131,706,871
98$162,389,822$400,855$0$144,969,729
99$178,770,136$237,049$0$159,580,566
100$196,815,464$59,438$0$175,676,751