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%14%
1 years$80,102$79,388$78,692$78,013$77,349$76,068
2 years$39,654$38,916$38,200$37,506$36,833$35,546
3 years$26,174$25,432$24,718$24,030$23,368$22,115
4 years$19,435$18,695$17,988$17,313$16,666$15,457
5 years$15,392$14,657$13,960$13,298$12,670$11,508
6 years$12,698$11,969$11,282$10,634$10,025$8,912
7 years$10,775$10,051$9,375$8,743$8,153$7,089
8 years$9,333$8,616$7,951$7,334$6,764$5,748
9 years$8,212$7,502$6,848$6,247$5,696$4,729
10 years$7,315$6,612$5,970$5,385$4,853$3,934
11 years$6,583$5,887$5,256$4,687$4,174$3,301
12 years$5,972$5,283$4,665$4,111$3,617$2,789
13 years$5,456$4,775$4,168$3,629$3,154$2,371
14 years$5,015$4,340$3,745$3,222$2,765$2,024
15 years$4,632$3,965$3,381$2,873$2,434$1,735
16 years$4,297$3,638$3,065$2,573$2,152$1,492
17 years$4,003$3,350$2,789$2,311$1,908$1,287
18 years$3,741$3,096$2,546$2,083$1,696$1,112
19 years$3,507$2,869$2,331$1,882$1,512$963
20 years$3,297$2,666$2,139$1,705$1,350$836
21 years$3,107$2,483$1,968$1,547$1,209$726
22 years$2,934$2,318$1,814$1,407$1,083$632
23 years$2,777$2,168$1,674$1,281$972$550
24 years$2,633$2,031$1,549$1,168$874$479
25 years$2,501$1,906$1,434$1,067$786$418
26 years$2,379$1,792$1,330$976$708$365
27 years$2,266$1,686$1,235$893$639$319
28 years$2,162$1,589$1,148$818$576$279
29 years$2,065$1,499$1,069$750$520$244
30 years$1,975$1,415$995$689$470$213
31 years$1,890$1,338$928$632$425$187
32 years$1,811$1,266$866$581$385$163
33 years$1,737$1,199$808$535$348$143
34 years$1,668$1,136$755$492$315$125
35 years$1,602$1,078$706$453$285$110
36 years$1,541$1,023$661$417$259$96
37 years$1,482$972$618$384$234$84
38 years$1,427$923$579$354$212$74
39 years$1,375$878$542$326$193$65
40 years$1,326$835$508$301$175$57
41 years$1,279$795$477$278$159$50
42 years$1,235$757$447$256$144$44
43 years$1,193$722$420$237$131$38
44 years$1,152$688$394$219$119$33
45 years$1,114$656$370$202$108$29
46 years$1,078$626$347$186$98$26
47 years$1,043$597$326$172$89$23
48 years$1,009$570$307$159$81$20
49 years$978$544$288$147$73$17
50 years$947$520$271$136$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $970,000, adding $6,467 every year, while hoping to spend $41,432 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: 50/22/28 Blend
42$970,000$970,000$970,000$970,000
43$1,075,611$1,024,201$1,009,166$1,120,584
44$1,141,240$1,030,303$998,889$1,158,792
45$1,212,174$1,035,316$986,880$1,195,657
46$1,288,912$1,039,142$973,036$1,234,919
47$1,371,999$1,041,678$957,251$1,276,822
48$1,462,037$1,042,815$939,413$1,321,642
49$1,559,687$1,042,435$919,406$1,369,681
50$1,665,675$1,040,415$897,107$1,421,277
51$1,780,802$1,036,623$872,388$1,476,803
52$1,905,947$1,030,920$845,115$1,536,672
53$2,042,076$1,023,158$815,150$1,601,343
54$2,190,255$1,013,180$782,344$1,671,325
55$2,351,655$1,000,820$746,547$1,747,179
56$2,527,564$985,901$707,596$1,829,530
57$2,719,402$968,235$665,327$1,919,067
58$2,928,728$947,627$619,563$2,016,554
59$3,157,262$923,864$570,122$2,122,838
60$3,406,896$896,726$516,814$2,238,854
61$3,679,711$865,978$459,439$2,365,638
62$3,978,001$831,370$397,789$2,504,336
63$4,304,289$792,639$331,648$2,656,216
64$4,661,356$749,508$260,787$2,822,678
65$5,052,262$701,681$184,971$3,005,274
66$5,480,376$648,847$103,951$3,205,716
67$5,949,411$590,677$17,470$3,425,899
68$6,463,453$526,823$0$3,667,917
69$7,027,005$456,917$0$3,956,439
70$7,645,024$380,570$0$4,278,690
71$8,322,970$297,372$0$4,632,359
72$9,066,859$206,889$0$5,020,660
73$9,883,315$108,663$0$5,447,137
74$10,779,637$2,211$0$5,915,698
75$11,763,862$0$0$6,430,655
76$12,844,846$0$0$7,024,111
77$14,032,345$0$0$7,676,741
78$15,337,104$0$0$8,393,928
79$16,770,962$0$0$9,182,194
80$18,346,963$0$0$10,048,724
81$20,079,474$0$0$11,001,434
82$21,984,327$0$0$12,049,043
83$24,078,962$0$0$13,201,161
84$26,382,596$0$0$14,468,374
85$28,916,399$0$0$15,862,343
86$31,703,697$0$0$17,395,921
87$34,770,192$0$0$19,083,266
88$38,144,199$0$0$20,939,978
89$41,856,920$0$0$22,983,246
90$45,942,731$0$0$25,232,011
91$50,439,512$0$0$27,707,141
92$55,389,000$0$0$30,431,630
93$60,837,182$0$0$33,430,815
94$66,834,731$0$0$36,732,615
95$73,437,483$0$0$40,367,792
96$80,706,963$0$0$44,370,243
97$88,710,963$0$0$48,777,319
98$97,524,186$0$0$53,630,179
99$107,228,946$0$0$58,974,174
100$117,915,947$0$0$64,859,279