Can I retire at age 43 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$102,398$101,486$100,596$99,727$98,879$96,528
2 years$50,692$49,748$48,833$47,946$47,085$44,730
3 years$33,459$32,511$31,598$30,719$29,873$27,588
4 years$24,844$23,899$22,995$22,132$21,306$19,108
5 years$19,677$18,737$17,845$16,999$16,196$14,092
6 years$16,233$15,300$14,422$13,594$12,815$10,807
7 years$13,774$12,849$11,985$11,177$10,422$8,509
8 years$11,930$11,014$10,164$9,376$8,646$6,829
9 years$10,497$9,590$8,754$7,986$7,282$5,557
10 years$9,352$8,453$7,632$6,884$6,204$4,572
11 years$8,415$7,525$6,719$5,991$5,336$3,793
12 years$7,635$6,754$5,963$5,255$4,624$3,168
13 years$6,975$6,104$5,328$4,640$4,032$2,660
14 years$6,410$5,548$4,787$4,118$3,535$2,244
15 years$5,921$5,068$4,322$3,673$3,112$1,900
16 years$5,494$4,650$3,918$3,289$2,750$1,613
17 years$5,117$4,283$3,566$2,955$2,439$1,373
18 years$4,782$3,957$3,255$2,663$2,168$1,171
19 years$4,483$3,668$2,980$2,406$1,933$1,001
20 years$4,214$3,408$2,735$2,179$1,726$857
21 years$3,971$3,174$2,515$1,978$1,545$734
22 years$3,751$2,963$2,318$1,798$1,385$630
23 years$3,550$2,771$2,141$1,638$1,243$541
24 years$3,366$2,597$1,980$1,494$1,117$465
25 years$3,197$2,437$1,834$1,364$1,005$400
26 years$3,041$2,290$1,701$1,247$906$344
27 years$2,897$2,155$1,579$1,142$817$296
28 years$2,764$2,031$1,468$1,046$737$255
29 years$2,640$1,916$1,366$959$665$220
30 years$2,524$1,810$1,272$880$601$189
31 years$2,416$1,711$1,186$809$543$163
32 years$2,315$1,619$1,107$743$492$141
33 years$2,221$1,533$1,033$683$445$121
34 years$2,132$1,453$966$629$403$105
35 years$2,048$1,378$903$579$365$90
36 years$1,969$1,308$844$533$331$78
37 years$1,895$1,242$790$491$300$67
38 years$1,825$1,180$740$453$272$58
39 years$1,758$1,123$693$417$246$50
40 years$1,695$1,068$650$385$223$43
41 years$1,635$1,017$609$355$203$37
42 years$1,579$968$572$328$184$32
43 years$1,525$922$536$303$167$28
44 years$1,473$879$504$279$152$24
45 years$1,424$839$473$258$138$21
46 years$1,378$800$444$238$125$18
47 years$1,333$763$417$220$113$15
48 years$1,290$729$392$203$103$13
49 years$1,250$696$369$188$94$12
50 years$1,211$665$346$174$85$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $1,240,000, adding $3,667 every year, while hoping to spend $42,463 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: 65/13/22 Blend
42$1,240,000$1,240,000$1,240,000$1,240,000
43$1,370,263$1,304,543$1,285,323$1,451,361
44$1,464,849$1,323,285$1,283,201$1,525,105
45$1,567,660$1,341,522$1,279,584$1,600,528
46$1,679,490$1,359,185$1,274,379$1,681,974
47$1,801,212$1,376,200$1,267,485$1,770,037
48$1,933,788$1,392,486$1,258,798$1,865,372
49$2,078,276$1,407,959$1,248,209$1,968,700
50$2,235,839$1,422,528$1,235,603$2,080,817
51$2,407,760$1,436,097$1,220,861$2,202,599
52$2,595,448$1,448,562$1,203,856$2,335,015
53$2,800,456$1,459,815$1,184,458$2,479,133
54$3,024,494$1,469,737$1,162,529$2,636,129
55$3,269,443$1,478,205$1,137,924$2,807,301
56$3,537,375$1,485,086$1,110,494$2,994,083
57$3,830,572$1,490,239$1,080,079$3,198,052
58$4,151,544$1,493,515$1,046,516$3,420,951
59$4,503,059$1,494,754$1,009,632$3,664,699
60$4,888,162$1,493,788$969,245$3,931,415
61$5,310,208$1,490,437$925,168$4,223,435
62$5,772,891$1,484,511$877,204$4,543,334
63$6,280,281$1,475,807$825,145$4,893,953
64$6,836,859$1,464,111$768,777$5,278,424
65$7,447,562$1,449,195$707,874$5,700,201
66$8,117,827$1,430,819$642,201$6,163,092
67$8,853,643$1,408,727$571,512$6,671,297
68$9,661,608$1,382,648$495,552$7,229,447
69$10,548,989$1,352,295$414,050$7,842,648
70$11,523,793$1,317,365$326,728$8,516,530
71$12,594,840$1,277,536$233,293$9,257,300
72$13,771,845$1,232,467$133,440$10,071,802
73$15,065,514$1,181,798$26,851$10,967,584
74$16,487,638$1,125,148$0$11,952,963
75$18,051,210$1,062,113$0$13,057,513
76$19,770,545$992,268$0$14,278,999
77$21,661,412$915,160$0$15,622,346
78$23,741,187$830,314$0$17,099,935
79$26,029,014$737,226$0$18,725,409
80$28,545,985$635,362$0$20,513,804
81$31,315,341$524,160$0$22,481,688
82$34,362,688$403,025$0$24,647,323
83$37,716,239$271,330$0$27,030,831
84$41,407,082$128,412$0$29,654,389
85$45,469,470$0$0$32,542,437
86$49,941,146$0$0$35,725,689
87$54,863,697$0$0$39,250,227
88$60,282,948$0$0$43,130,504
89$66,249,392$0$0$47,402,688
90$72,818,667$0$0$52,106,630
91$80,052,081$0$0$57,286,243
92$88,017,190$0$0$62,989,915
93$96,788,433$0$0$69,270,968
94$106,447,838$0$0$76,188,154
95$117,085,792$0$0$83,806,217
96$128,801,896$0$0$92,196,499
97$141,705,904$0$0$101,437,614
98$155,918,756$0$0$111,616,190
99$171,573,722$0$0$122,827,688
100$188,817,660$0$0$135,177,298