Can I retire at age 43 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$101,572$100,667$99,785$98,923$98,082$94,265
2 years$50,283$49,347$48,439$47,559$46,706$42,906
3 years$33,189$32,249$31,343$30,472$29,632$25,970
4 years$24,644$23,706$22,810$21,953$21,134$17,636
5 years$19,518$18,586$17,701$16,862$16,066$12,742
6 years$16,102$15,177$14,305$13,485$12,712$9,565
7 years$13,663$12,745$11,888$11,087$10,338$7,366
8 years$11,834$10,925$10,082$9,300$8,577$5,777
9 years$10,413$9,512$8,683$7,922$7,223$4,591
10 years$9,276$8,385$7,570$6,829$6,154$3,686
11 years$8,347$7,464$6,665$5,943$5,293$2,982
12 years$7,573$6,700$5,915$5,213$4,587$2,427
13 years$6,919$6,055$5,285$4,602$4,000$1,985
14 years$6,359$5,503$4,748$4,085$3,506$1,629
15 years$5,873$5,027$4,287$3,643$3,087$1,342
16 years$5,449$4,613$3,887$3,262$2,728$1,108
17 years$5,076$4,248$3,537$2,931$2,419$917
18 years$4,744$3,925$3,229$2,641$2,151$760
19 years$4,447$3,638$2,956$2,387$1,917$630
20 years$4,180$3,381$2,713$2,162$1,712$524
21 years$3,939$3,149$2,495$1,962$1,532$435
22 years$3,721$2,939$2,300$1,784$1,374$362
23 years$3,521$2,749$2,123$1,625$1,233$302
24 years$3,339$2,576$1,964$1,482$1,108$251
25 years$3,171$2,417$1,819$1,353$997$210
26 years$3,017$2,272$1,687$1,237$898$175
27 years$2,874$2,138$1,566$1,132$810$146
28 years$2,741$2,015$1,456$1,038$731$122
29 years$2,618$1,901$1,355$951$660$101
30 years$2,504$1,795$1,262$873$596$85
31 years$2,397$1,697$1,177$802$539$71
32 years$2,297$1,606$1,098$737$488$59
33 years$2,203$1,520$1,025$678$441$49
34 years$2,115$1,441$958$624$400$41
35 years$2,032$1,367$895$574$362$34
36 years$1,954$1,297$838$529$328$29
37 years$1,880$1,232$784$487$297$24
38 years$1,810$1,171$734$449$269$20
39 years$1,744$1,113$688$414$244$17
40 years$1,682$1,059$645$382$222$14
41 years$1,622$1,008$605$352$201$12
42 years$1,566$960$567$325$182$10
43 years$1,512$915$532$300$166$8
44 years$1,461$872$500$277$150$7
45 years$1,413$832$469$256$136$6
46 years$1,366$793$441$236$124$5
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$3
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,230,000, adding $2,770 every year, while hoping to spend $25,882 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: 82/8/10 Blend
42$1,230,000$1,230,000$1,230,000$1,230,000
43$1,358,317$1,293,127$1,274,062$1,467,364
44$1,469,327$1,328,952$1,289,205$1,575,012
45$1,590,793$1,365,665$1,303,988$1,689,460
46$1,723,753$1,403,282$1,318,371$1,814,333
47$1,869,353$1,441,820$1,332,313$1,950,662
48$2,028,851$1,481,293$1,345,770$2,099,581
49$2,203,637$1,521,719$1,358,696$2,262,342
50$2,395,237$1,563,113$1,371,041$2,440,321
51$2,605,336$1,605,490$1,382,756$2,635,037
52$2,835,787$1,648,866$1,393,785$2,848,160
53$3,088,633$1,693,256$1,404,072$3,081,530
54$3,366,122$1,738,674$1,413,557$3,337,176
55$3,670,731$1,785,134$1,422,177$3,617,331
56$4,005,191$1,832,651$1,429,865$3,924,456
57$4,372,508$1,881,238$1,436,552$4,261,261
58$4,775,992$1,930,907$1,442,165$4,630,732
59$5,219,293$1,981,671$1,446,627$5,036,159
60$5,706,429$2,033,541$1,449,857$5,481,167
61$6,241,828$2,086,528$1,451,771$5,969,749
62$6,830,368$2,140,641$1,452,279$6,506,305
63$7,477,423$2,195,891$1,451,288$7,095,682
64$8,188,915$2,252,283$1,448,700$7,743,221
65$8,971,365$2,309,826$1,444,413$8,454,807
66$9,831,961$2,368,525$1,438,318$9,236,923
67$10,778,622$2,428,383$1,430,302$10,096,715
68$11,820,072$2,489,405$1,420,248$11,042,054
69$12,965,924$2,551,590$1,408,031$12,081,614
70$14,226,770$2,614,940$1,393,521$13,224,952
71$15,614,279$2,679,450$1,376,583$14,482,600
72$17,141,309$2,745,117$1,357,072$15,866,162
73$18,822,030$2,811,935$1,334,841$17,388,426
74$20,672,052$2,879,894$1,309,733$19,063,482
75$22,708,576$2,948,984$1,281,584$20,906,856
76$24,950,557$3,019,191$1,250,224$22,935,656
77$27,418,880$3,090,497$1,215,472$25,168,737
78$30,136,558$3,162,884$1,177,143$27,626,872
79$33,128,949$3,236,327$1,135,039$30,332,955
80$36,423,995$3,310,801$1,088,957$33,312,211
81$40,052,487$3,386,274$1,038,681$36,592,440
82$44,048,352$3,462,713$983,988$40,204,275
83$48,448,977$3,540,079$924,645$44,181,470
84$53,295,557$3,618,328$860,405$48,561,226
85$58,633,490$3,697,411$791,014$53,384,534
86$64,512,798$3,777,277$716,205$58,696,563
87$70,988,604$3,857,864$635,699$64,547,093
88$78,121,651$3,939,108$549,204$70,990,978
89$85,978,872$4,020,938$456,416$78,088,664
90$94,634,029$4,103,275$357,017$85,906,765
91$104,168,398$4,186,034$250,675$94,518,685
92$114,671,547$4,269,122$137,045$104,005,318
93$126,242,173$4,352,437$15,764$114,455,806
94$138,989,037$4,435,869$0$125,968,381
95$153,031,992$4,519,300$0$138,663,423
96$168,503,110$4,602,601$0$152,650,682
97$185,547,931$4,685,631$0$168,059,978
98$204,326,834$4,768,242$0$185,036,223
99$225,016,555$4,850,270$0$203,739,109
100$247,811,852$4,931,541$0$224,344,612