Can I retire at age 43 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$98,269$97,394$96,540$95,706$94,892$93,590
2 years$48,648$47,742$46,864$46,013$45,187$43,877
3 years$32,110$31,200$30,324$29,481$28,668$27,392
4 years$23,842$22,935$22,068$21,239$20,447$19,213
5 years$18,883$17,982$17,126$16,314$15,543$14,357
6 years$15,578$14,683$13,840$13,046$12,299$11,160
7 years$13,218$12,331$11,501$10,726$10,002$8,912
8 years$11,449$10,570$9,754$8,998$8,298$7,256
9 years$10,074$9,203$8,401$7,664$6,988$5,994
10 years$8,975$8,112$7,324$6,607$5,954$5,007
11 years$8,076$7,222$6,448$5,750$5,121$4,220
12 years$7,327$6,482$5,723$5,043$4,437$3,582
13 years$6,694$5,858$5,113$4,452$3,870$3,059
14 years$6,152$5,324$4,594$3,952$3,392$2,624
15 years$5,682$4,864$4,148$3,525$2,987$2,260
16 years$5,272$4,463$3,760$3,156$2,640$1,953
17 years$4,910$4,110$3,422$2,836$2,340$1,693
18 years$4,589$3,798$3,124$2,556$2,081$1,470
19 years$4,302$3,520$2,860$2,309$1,855$1,280
20 years$4,044$3,271$2,624$2,091$1,657$1,116
21 years$3,811$3,046$2,414$1,898$1,483$975
22 years$3,600$2,844$2,225$1,726$1,329$853
23 years$3,407$2,660$2,054$1,572$1,193$747
24 years$3,230$2,492$1,900$1,433$1,072$654
25 years$3,068$2,339$1,760$1,309$965$574
26 years$2,919$2,198$1,632$1,197$869$504
27 years$2,780$2,069$1,515$1,096$784$443
28 years$2,652$1,949$1,409$1,004$707$389
29 years$2,533$1,839$1,311$921$638$342
30 years$2,422$1,737$1,221$845$577$301
31 years$2,319$1,642$1,138$776$522$265
32 years$2,222$1,553$1,062$713$472$233
33 years$2,131$1,471$992$656$427$205
34 years$2,046$1,394$927$603$387$181
35 years$1,966$1,322$866$555$350$159
36 years$1,890$1,255$810$512$317$141
37 years$1,819$1,192$759$471$288$124
38 years$1,751$1,133$710$434$261$109
39 years$1,687$1,077$666$401$236$96
40 years$1,627$1,025$624$369$214$85
41 years$1,570$976$585$341$195$75
42 years$1,515$929$549$315$176$66
43 years$1,463$885$515$290$160$58
44 years$1,414$844$483$268$145$51
45 years$1,367$805$454$248$132$45
46 years$1,322$768$426$229$120$40
47 years$1,279$733$400$211$109$35
48 years$1,238$699$376$195$99$31
49 years$1,199$668$354$180$90$27
50 years$1,162$638$333$167$82$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,190,000, adding $3,946 every year, while hoping to spend $53,212 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: 53/21/26 Blend
42$1,190,000$1,190,000$1,190,000$1,190,000
43$1,315,450$1,252,380$1,233,935$1,375,462
44$1,393,009$1,257,130$1,218,655$1,422,135
45$1,476,695$1,260,329$1,201,079$1,467,125
46$1,567,078$1,261,844$1,181,075$1,515,007
47$1,664,782$1,261,537$1,158,504$1,566,078
48$1,770,495$1,259,257$1,133,218$1,620,667
49$1,884,971$1,254,847$1,105,067$1,679,139
50$2,009,042$1,248,137$1,073,890$1,741,901
51$2,143,619$1,238,951$1,039,520$1,809,400
52$2,289,707$1,227,099$1,001,784$1,882,135
53$2,448,411$1,212,381$960,497$1,960,658
54$2,620,945$1,194,583$915,469$2,045,580
55$2,808,645$1,173,482$866,502$2,137,580
56$3,012,983$1,148,838$813,385$2,237,406
57$3,235,575$1,120,399$755,901$2,345,891
58$3,478,202$1,087,897$693,823$2,463,954
59$3,742,824$1,051,050$626,911$2,592,614
60$4,031,598$1,009,557$554,919$2,732,997
61$4,346,898$963,102$477,585$2,886,351
62$4,691,336$911,349$394,639$3,054,055
63$5,067,791$853,943$305,798$3,237,636
64$5,479,429$790,509$210,765$3,438,783
65$5,929,737$720,651$109,233$3,659,360
66$6,422,557$643,949$878$3,901,434
67$6,962,116$559,961$0$4,167,285
68$7,553,070$468,217$0$4,491,272
69$8,200,547$368,224$0$4,846,675
70$8,910,194$259,458$0$5,236,434
71$9,688,231$141,369$0$5,664,059
72$10,541,508$13,373$0$6,133,421
73$11,477,568$0$0$6,648,791
74$12,504,723$0$0$7,243,797
75$13,632,125$0$0$7,900,387
76$14,869,858$0$0$8,621,357
77$16,229,029$0$0$9,413,193
78$17,721,871$0$0$10,283,038
79$19,361,865$0$0$11,238,764
80$21,163,857$0$0$12,289,039
81$23,144,205$0$0$13,443,415
82$25,320,931$0$0$14,712,417
83$27,713,887$0$0$16,107,636
84$30,344,946$0$0$17,641,846
85$33,238,207$0$0$19,329,119
86$36,420,221$0$0$21,184,960
87$39,920,238$0$0$23,226,452
88$43,770,490$0$0$25,472,415
89$48,006,487$0$0$27,943,587
90$52,667,354$0$0$30,662,819
91$57,796,203$0$0$33,655,285
92$63,440,533$0$0$36,948,725
93$69,652,681$0$0$40,573,706
94$76,490,317$0$0$44,563,905
95$84,016,983$0$0$48,956,432
96$92,302,696$0$0$53,792,178
97$101,424,605$0$0$59,116,198
98$111,467,720$0$0$64,978,142
99$122,525,714$0$0$71,432,714
100$134,701,804$0$0$78,540,197