Can I retire at age 43 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$100,746$99,849$98,974$98,119$97,285$95,204
2 years$49,874$48,946$48,045$47,173$46,326$44,240
3 years$32,919$31,987$31,089$30,224$29,391$27,364
4 years$24,443$23,513$22,625$21,775$20,962$19,011
5 years$19,359$18,435$17,558$16,725$15,935$14,064
6 years$15,971$15,053$14,189$13,375$12,609$10,821
7 years$13,552$12,642$11,791$10,996$10,254$8,550
8 years$11,738$10,836$10,000$9,225$8,507$6,885
9 years$10,328$9,435$8,613$7,857$7,164$5,623
10 years$9,201$8,317$7,509$6,773$6,104$4,643
11 years$8,279$7,404$6,611$5,895$5,250$3,867
12 years$7,512$6,645$5,867$5,170$4,549$3,242
13 years$6,863$6,005$5,242$4,565$3,967$2,734
14 years$6,307$5,459$4,710$4,052$3,478$2,315
15 years$5,826$4,987$4,252$3,614$3,062$1,968
16 years$5,405$4,575$3,855$3,236$2,706$1,678
17 years$5,034$4,213$3,508$2,907$2,399$1,435
18 years$4,705$3,893$3,202$2,620$2,133$1,230
19 years$4,411$3,608$2,932$2,367$1,902$1,056
20 years$4,146$3,353$2,691$2,144$1,699$908
21 years$3,907$3,123$2,475$1,946$1,520$781
22 years$3,690$2,915$2,281$1,769$1,362$673
23 years$3,493$2,727$2,106$1,611$1,223$581
24 years$3,312$2,555$1,948$1,470$1,099$502
25 years$3,145$2,398$1,804$1,342$989$434
26 years$2,992$2,253$1,673$1,227$891$375
27 years$2,850$2,121$1,554$1,123$803$324
28 years$2,719$1,998$1,444$1,029$725$281
29 years$2,597$1,885$1,344$944$655$243
30 years$2,483$1,780$1,252$866$591$210
31 years$2,377$1,683$1,167$795$535$182
32 years$2,278$1,592$1,089$731$484$158
33 years$2,185$1,508$1,017$672$438$137
34 years$2,097$1,429$950$619$396$119
35 years$2,015$1,356$888$569$359$103
36 years$1,938$1,287$831$524$325$89
37 years$1,864$1,222$778$483$295$77
38 years$1,795$1,161$728$445$267$67
39 years$1,730$1,104$682$411$242$58
40 years$1,668$1,051$640$379$220$51
41 years$1,609$1,000$600$349$199$44
42 years$1,553$953$563$323$181$38
43 years$1,500$908$528$298$164$33
44 years$1,450$865$495$275$149$29
45 years$1,401$825$465$254$135$25
46 years$1,355$787$437$234$123$22
47 years$1,312$751$411$217$112$19
48 years$1,270$717$386$200$101$16
49 years$1,230$685$363$185$92$14
50 years$1,191$654$341$171$84$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,220,000, adding $2,958 every year, while hoping to spend $56,303 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: 64/12/24 Blend
42$1,220,000$1,220,000$1,220,000$1,220,000
43$1,347,491$1,282,831$1,263,921$1,425,103
44$1,425,029$1,285,784$1,246,357$1,480,790
45$1,508,589$1,286,994$1,226,317$1,535,054
46$1,598,726$1,286,318$1,203,659$1,593,075
47$1,696,049$1,283,600$1,178,234$1,655,225
48$1,801,227$1,278,678$1,149,886$1,721,919
49$1,914,998$1,271,379$1,118,453$1,793,612
50$2,038,170$1,261,518$1,083,763$1,870,812
51$2,171,632$1,248,901$1,045,638$1,954,075
52$2,316,363$1,233,322$1,003,891$2,044,021
53$2,473,437$1,214,560$958,327$2,141,331
54$2,644,039$1,192,385$908,743$2,246,760
55$2,829,469$1,166,550$854,924$2,361,142
56$3,031,159$1,136,795$796,647$2,485,400
57$3,250,683$1,102,844$733,681$2,620,551
58$3,489,775$1,064,405$665,781$2,767,720
59$3,750,340$1,021,169$592,693$2,928,152
60$4,034,479$972,811$514,153$3,103,218
61$4,344,500$918,983$429,881$3,294,437
62$4,682,947$859,320$339,590$3,503,483
63$5,052,617$793,436$242,975$3,732,208
64$5,456,592$720,923$139,723$3,982,654
65$5,898,263$641,347$29,503$4,257,078
66$6,381,365$554,253$0$4,557,971
67$6,910,011$459,157$0$4,910,650
68$7,488,727$355,551$0$5,305,115
69$8,122,500$242,896$0$5,737,250
70$8,816,821$120,623$0$6,210,857
71$9,577,735$0$0$6,730,124
72$10,411,904$0$0$7,301,233
73$11,326,660$0$0$7,945,067
74$12,330,083$0$0$8,651,394
75$13,431,071$0$0$9,426,489
76$14,639,424$0$0$10,277,261
77$15,965,938$0$0$11,211,325
78$17,422,505$0$0$12,237,065
79$19,022,225$0$0$13,363,719
80$20,779,529$0$0$14,601,464
81$22,710,315$0$0$15,961,510
82$24,832,097$0$0$17,456,208
83$27,164,168$0$0$19,099,164
84$29,727,785$0$0$20,905,367
85$32,546,366$0$0$22,891,333
86$35,645,712$0$0$25,075,257
87$39,054,250$0$0$27,477,184
88$42,803,298$0$0$30,119,203
89$46,927,363$0$0$33,025,646
90$51,464,463$0$0$36,223,326
91$56,456,488$0$0$39,741,786
92$61,949,593$0$0$43,613,574
93$67,994,634$0$0$47,874,556
94$74,647,643$0$0$52,564,248
95$81,970,362$0$0$57,726,193
96$90,030,821$0$0$63,408,369
97$98,903,981$0$0$69,663,641
98$108,672,438$0$0$76,550,261
99$119,427,207$0$0$84,132,416
100$131,268,572$0$0$92,480,832