Can I retire at age 43 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$80,927$80,207$79,503$78,817$78,147$76,569
2 years$40,063$39,317$38,594$37,893$37,213$35,630
3 years$26,443$25,694$24,973$24,278$23,609$22,071
4 years$19,635$18,888$18,174$17,491$16,838$15,356
5 years$15,551$14,808$14,104$13,435$12,800$11,379
6 years$12,829$12,092$11,398$10,744$10,128$8,769
7 years$10,886$10,155$9,472$8,833$8,237$6,940
8 years$9,429$8,705$8,033$7,410$6,833$5,599
9 years$8,296$7,579$6,919$6,312$5,755$4,581
10 years$7,391$6,680$6,032$5,441$4,903$3,790
11 years$6,650$5,947$5,310$4,735$4,217$3,162
12 years$6,034$5,338$4,713$4,153$3,654$2,656
13 years$5,513$4,824$4,211$3,667$3,187$2,244
14 years$5,066$4,385$3,783$3,255$2,793$1,905
15 years$4,680$4,006$3,416$2,903$2,460$1,623
16 years$4,342$3,675$3,097$2,599$2,174$1,387
17 years$4,044$3,385$2,818$2,335$1,927$1,188
18 years$3,779$3,128$2,572$2,105$1,714$1,020
19 years$3,543$2,899$2,355$1,902$1,528$878
20 years$3,331$2,693$2,161$1,722$1,364$756
21 years$3,139$2,509$1,988$1,563$1,221$653
22 years$2,964$2,342$1,832$1,421$1,094$564
23 years$2,806$2,190$1,692$1,294$982$488
24 years$2,660$2,052$1,565$1,181$883$422
25 years$2,527$1,926$1,449$1,078$795$366
26 years$2,403$1,810$1,344$986$716$317
27 years$2,290$1,703$1,248$902$645$275
28 years$2,184$1,605$1,160$827$582$238
29 years$2,086$1,514$1,080$758$526$207
30 years$1,995$1,430$1,006$696$475$180
31 years$1,910$1,352$938$639$430$156
32 years$1,830$1,279$875$587$389$136
33 years$1,755$1,211$817$540$352$118
34 years$1,685$1,148$763$497$318$102
35 years$1,619$1,089$713$457$288$89
36 years$1,556$1,034$667$421$261$77
37 years$1,498$982$625$388$237$67
38 years$1,442$933$585$358$215$59
39 years$1,390$887$548$330$195$51
40 years$1,340$844$514$304$177$44
41 years$1,293$803$482$281$160$39
42 years$1,248$765$452$259$145$34
43 years$1,205$729$424$239$132$29
44 years$1,164$695$398$221$120$25
45 years$1,126$663$374$204$109$22
46 years$1,089$632$351$188$99$19
47 years$1,054$603$330$174$90$17
48 years$1,020$576$310$161$81$15
49 years$988$550$291$149$74$13
50 years$957$525$274$137$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $980,000, adding $5,694 every year, while hoping to spend $59,262 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: 55/31/14 Blend
42$980,000$980,000$980,000$980,000
43$1,085,833$1,033,893$1,018,703$1,141,285
44$1,133,534$1,021,500$989,776$1,167,218
45$1,184,114$1,006,513$957,893$1,188,539
46$1,237,804$988,743$922,893$1,210,393
47$1,294,858$967,988$884,607$1,232,845
48$1,355,551$944,037$842,859$1,255,968
49$1,420,186$916,664$797,464$1,279,844
50$1,489,094$885,630$748,228$1,304,570
51$1,562,639$850,683$694,951$1,330,254
52$1,641,218$811,556$637,421$1,357,021
53$1,725,266$767,966$575,419$1,385,009
54$1,815,261$719,615$508,713$1,414,380
55$1,911,727$666,185$437,065$1,445,312
56$2,015,239$607,344$360,222$1,478,010
57$2,126,428$542,738$277,924$1,512,704
58$2,245,985$471,994$189,896$1,549,651
59$2,374,671$394,717$95,853$1,589,144
60$2,513,320$310,491$0$1,631,510
61$2,662,850$218,876$0$1,677,789
62$2,824,265$119,406$0$1,743,045
63$2,998,675$11,591$0$1,813,456
64$3,187,293$0$0$1,889,589
65$3,391,457$0$0$2,007,924
66$3,612,637$0$0$2,140,480
67$3,852,447$0$0$2,284,281
68$4,112,664$0$0$2,440,403
69$4,395,243$0$0$2,610,026
70$4,702,331$0$0$2,794,454
71$5,036,294$0$0$2,995,117
72$5,399,733$0$0$3,213,589
73$5,795,509$0$0$3,451,605
74$6,226,772$0$0$3,711,070
75$6,696,987$0$0$3,994,084
76$7,209,970$0$0$4,302,956
77$7,769,918$0$0$4,640,230
78$8,381,454$0$0$5,008,705
79$9,049,665$0$0$5,411,462
80$9,780,153$0$0$5,851,894
81$10,579,084$0$0$6,333,737
82$11,453,249$0$0$6,861,103
83$12,410,124$0$0$7,438,523
84$13,457,943$0$0$8,070,984
85$14,605,772$0$0$8,763,978
86$15,863,595$0$0$9,523,554
87$17,242,410$0$0$10,356,376
88$18,754,327$0$0$11,269,780
89$20,412,685$0$0$12,271,848
90$22,232,176$0$0$13,371,483
91$24,228,983$0$0$14,578,489
92$26,420,932$0$0$15,903,668
93$28,827,658$0$0$17,358,918
94$31,470,792$0$0$18,957,346
95$34,374,161$0$0$20,713,389
96$37,564,014$0$0$22,642,954
97$41,069,268$0$0$24,763,564
98$44,921,781$0$0$27,094,523
99$49,156,648$0$0$29,657,100
100$53,812,537$0$0$32,474,727