Can I retire at age 43 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$80,102$79,388$78,692$78,013$77,349$76,319
2 years$39,654$38,916$38,200$37,506$36,833$35,797
3 years$26,174$25,432$24,718$24,030$23,368$22,359
4 years$19,435$18,695$17,988$17,313$16,666$15,691
5 years$15,392$14,657$13,960$13,298$12,670$11,731
6 years$12,698$11,969$11,282$10,634$10,025$9,124
7 years$10,775$10,051$9,375$8,743$8,153$7,290
8 years$9,333$8,616$7,951$7,334$6,764$5,939
9 years$8,212$7,502$6,848$6,247$5,696$4,909
10 years$7,315$6,612$5,970$5,385$4,853$4,103
11 years$6,583$5,887$5,256$4,687$4,174$3,460
12 years$5,972$5,283$4,665$4,111$3,617$2,939
13 years$5,456$4,775$4,168$3,629$3,154$2,511
14 years$5,015$4,340$3,745$3,222$2,765$2,156
15 years$4,632$3,965$3,381$2,873$2,434$1,858
16 years$4,297$3,638$3,065$2,573$2,152$1,607
17 years$4,003$3,350$2,789$2,311$1,908$1,393
18 years$3,741$3,096$2,546$2,083$1,696$1,211
19 years$3,507$2,869$2,331$1,882$1,512$1,055
20 years$3,297$2,666$2,139$1,705$1,350$921
21 years$3,107$2,483$1,968$1,547$1,209$805
22 years$2,934$2,318$1,814$1,407$1,083$705
23 years$2,777$2,168$1,674$1,281$972$617
24 years$2,633$2,031$1,549$1,168$874$542
25 years$2,501$1,906$1,434$1,067$786$475
26 years$2,379$1,792$1,330$976$708$418
27 years$2,266$1,686$1,235$893$639$367
28 years$2,162$1,589$1,148$818$576$323
29 years$2,065$1,499$1,069$750$520$284
30 years$1,975$1,415$995$689$470$250
31 years$1,890$1,338$928$632$425$220
32 years$1,811$1,266$866$581$385$194
33 years$1,737$1,199$808$535$348$171
34 years$1,668$1,136$755$492$315$151
35 years$1,602$1,078$706$453$285$133
36 years$1,541$1,023$661$417$259$117
37 years$1,482$972$618$384$234$104
38 years$1,427$923$579$354$212$91
39 years$1,375$878$542$326$193$81
40 years$1,326$835$508$301$175$71
41 years$1,279$795$477$278$159$63
42 years$1,235$757$447$256$144$55
43 years$1,193$722$420$237$131$49
44 years$1,152$688$394$219$119$43
45 years$1,114$656$370$202$108$38
46 years$1,078$626$347$186$98$34
47 years$1,043$597$326$172$89$30
48 years$1,009$570$307$159$81$26
49 years$978$544$288$147$73$23
50 years$947$520$271$136$66$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $970,000, adding $3,261 every year, while hoping to spend $52,270 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: 46/24/30 Blend
42$970,000$970,000$970,000$970,000
43$1,072,304$1,020,894$1,005,859$1,112,228
44$1,126,064$1,015,303$983,940$1,135,330
45$1,183,556$1,007,686$959,535$1,155,110
46$1,245,104$997,889$932,506$1,175,587
47$1,311,067$985,747$902,707$1,196,857
48$1,381,836$971,088$869,987$1,219,028
49$1,457,839$953,728$834,188$1,242,222
50$1,539,549$933,471$795,144$1,266,578
51$1,627,484$910,112$752,682$1,292,252
52$1,722,211$883,431$706,620$1,319,422
53$1,824,355$853,198$656,771$1,348,288
54$1,934,602$819,167$602,935$1,379,074
55$2,053,705$781,080$544,907$1,412,034
56$2,182,493$738,662$482,471$1,447,451
57$2,321,875$691,625$415,402$1,485,644
58$2,472,852$639,660$343,464$1,526,971
59$2,636,525$582,446$266,412$1,571,831
60$2,814,102$519,637$183,989$1,620,673
61$3,006,915$450,874$95,927$1,673,996
62$3,216,427$375,774$1,947$1,732,360
63$3,444,248$293,931$0$1,796,388
64$3,692,148$204,921$0$1,898,259
65$3,962,076$108,291$0$2,009,977
66$4,256,177$3,567$0$2,131,887
67$4,576,811$0$0$2,265,056
68$4,926,573$0$0$2,439,653
69$5,308,324$0$0$2,631,352
70$5,725,210$0$0$2,840,803
71$6,180,694$0$0$3,069,763
72$6,678,590$0$0$3,320,161
73$7,223,097$0$0$3,594,123
74$7,818,836$0$0$3,893,993
75$8,470,900$0$0$4,222,346
76$9,184,892$0$0$4,582,024
77$9,966,985$0$0$4,976,152
78$10,823,976$0$0$5,408,174
79$11,763,352$0$0$5,881,883
80$12,793,357$0$0$6,401,455
81$13,923,072$0$0$6,971,492
82$15,162,499$0$0$7,597,061
83$16,522,654$0$0$8,283,744
84$18,015,673$0$0$9,037,690
85$19,654,923$0$0$9,865,672
86$21,455,129$0$0$10,775,151
87$23,432,510$0$0$11,774,348
88$25,604,937$0$0$12,872,316
89$27,992,094$0$0$14,079,033
90$30,615,668$0$0$15,405,487
91$33,499,550$0$0$16,863,787
92$36,670,063$0$0$18,467,273
93$40,156,205$0$0$20,230,640
94$43,989,925$0$0$22,170,081
95$48,206,426$0$0$24,303,437
96$52,844,490$0$0$26,650,364
97$57,946,848$0$0$29,232,518
98$63,560,582$0$0$32,073,762
99$69,737,566$0$0$35,200,388
100$76,534,957$0$0$38,641,366