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%11%
1 years$80,927$80,207$79,503$78,817$78,147$77,817
2 years$40,063$39,317$38,594$37,893$37,213$36,880
3 years$26,443$25,694$24,973$24,278$23,609$23,284
4 years$19,635$18,888$18,174$17,491$16,838$16,523
5 years$15,551$14,808$14,104$13,435$12,800$12,495
6 years$12,829$12,092$11,398$10,744$10,128$9,834
7 years$10,886$10,155$9,472$8,833$8,237$7,954
8 years$9,429$8,705$8,033$7,410$6,833$6,562
9 years$8,296$7,579$6,919$6,312$5,755$5,494
10 years$7,391$6,680$6,032$5,441$4,903$4,654
11 years$6,650$5,947$5,310$4,735$4,217$3,978
12 years$6,034$5,338$4,713$4,153$3,654$3,426
13 years$5,513$4,824$4,211$3,667$3,187$2,969
14 years$5,066$4,385$3,783$3,255$2,793$2,586
15 years$4,680$4,006$3,416$2,903$2,460$2,262
16 years$4,342$3,675$3,097$2,599$2,174$1,986
17 years$4,044$3,385$2,818$2,335$1,927$1,749
18 years$3,779$3,128$2,572$2,105$1,714$1,544
19 years$3,543$2,899$2,355$1,902$1,528$1,367
20 years$3,331$2,693$2,161$1,722$1,364$1,212
21 years$3,139$2,509$1,988$1,563$1,221$1,077
22 years$2,964$2,342$1,832$1,421$1,094$958
23 years$2,806$2,190$1,692$1,294$982$854
24 years$2,660$2,052$1,565$1,181$883$762
25 years$2,527$1,926$1,449$1,078$795$680
26 years$2,403$1,810$1,344$986$716$608
27 years$2,290$1,703$1,248$902$645$544
28 years$2,184$1,605$1,160$827$582$487
29 years$2,086$1,514$1,080$758$526$436
30 years$1,995$1,430$1,006$696$475$391
31 years$1,910$1,352$938$639$430$351
32 years$1,830$1,279$875$587$389$315
33 years$1,755$1,211$817$540$352$282
34 years$1,685$1,148$763$497$318$254
35 years$1,619$1,089$713$457$288$228
36 years$1,556$1,034$667$421$261$205
37 years$1,498$982$625$388$237$184
38 years$1,442$933$585$358$215$165
39 years$1,390$887$548$330$195$149
40 years$1,340$844$514$304$177$134
41 years$1,293$803$482$281$160$120
42 years$1,248$765$452$259$145$108
43 years$1,205$729$424$239$132$97
44 years$1,164$695$398$221$120$88
45 years$1,126$663$374$204$109$79
46 years$1,089$632$351$188$99$71
47 years$1,054$603$330$174$90$64
48 years$1,020$576$310$161$81$58
49 years$988$550$291$149$74$52
50 years$957$525$274$137$67$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $980,000, adding $4,321 every year, while hoping to spend $36,897 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: 53/27/20 Blend
42$980,000$980,000$980,000$980,000
43$1,084,417$1,032,477$1,017,287$1,135,737
44$1,155,770$1,043,810$1,012,108$1,182,785
45$1,233,163$1,054,462$1,005,519$1,229,734
46$1,317,176$1,064,361$997,434$1,280,029
47$1,408,441$1,073,428$987,761$1,334,000
48$1,507,659$1,081,583$976,408$1,392,012
49$1,615,597$1,088,737$963,275$1,454,469
50$1,733,101$1,094,798$948,257$1,521,818
51$1,861,100$1,099,666$931,247$1,594,550
52$2,000,619$1,103,236$912,130$1,673,211
53$2,152,784$1,105,397$890,788$1,758,402
54$2,318,835$1,106,028$867,096$1,850,789
55$2,500,136$1,105,004$840,925$1,951,105
56$2,698,192$1,102,191$812,137$2,060,162
57$2,914,654$1,097,445$780,591$2,178,858
58$3,151,345$1,090,616$746,137$2,308,181
59$3,410,270$1,081,544$708,620$2,449,225
60$3,693,636$1,070,058$667,877$2,603,198
61$4,003,873$1,055,977$623,738$2,771,435
62$4,343,660$1,039,112$576,025$2,955,407
63$4,715,944$1,019,259$524,552$3,156,740
64$5,123,972$996,205$469,126$3,377,232
65$5,571,319$969,721$409,544$3,618,863
66$6,061,924$939,567$345,594$3,883,822
67$6,600,124$905,489$277,055$4,174,525
68$7,190,696$867,218$203,696$4,493,639
69$7,838,904$824,469$125,276$4,844,106
70$8,550,544$776,939$41,545$5,229,176
71$9,332,001$724,311$0$5,652,433
72$10,190,310$666,247$0$6,128,038
73$11,133,219$602,391$0$6,660,276
74$12,169,265$532,366$0$7,245,153
75$13,307,853$455,774$0$7,888,047
76$14,559,342$372,195$0$8,594,891
77$15,935,147$281,185$0$9,372,223
78$17,447,842$182,273$0$10,227,257
79$19,111,283$74,965$0$11,167,942
80$20,940,733$0$0$12,203,046
81$22,953,010$0$0$13,354,493
82$25,166,644$0$0$14,645,767
83$27,602,049$0$0$16,066,518
84$30,281,721$0$0$17,629,883
85$33,230,444$0$0$19,350,336
86$36,475,526$0$0$21,243,824
87$40,047,057$0$0$23,327,920
88$43,978,191$0$0$25,621,987
89$48,305,461$0$0$28,147,359
90$53,069,119$0$0$30,927,544
91$58,313,521$0$0$33,988,447
92$64,087,538$0$0$37,358,610
93$70,445,026$0$0$41,069,485
94$77,445,325$0$0$45,155,729
95$85,153,825$0$0$49,655,530
96$93,642,577$0$0$54,610,969
97$102,990,978$0$0$60,068,416
98$113,286,517$0$0$66,078,967
99$124,625,601$0$0$72,698,927
100$137,114,463$0$0$79,990,339