Can I retire at age 43 with 980,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$80,927$80,207$79,503$78,817$78,147$77,589
2 years$40,063$39,317$38,594$37,893$37,213$36,650
3 years$26,443$25,694$24,973$24,278$23,609$23,060
4 years$19,635$18,888$18,174$17,491$16,838$16,306
5 years$15,551$14,808$14,104$13,435$12,800$12,286
6 years$12,829$12,092$11,398$10,744$10,128$9,634
7 years$10,886$10,155$9,472$8,833$8,237$7,762
8 years$9,429$8,705$8,033$7,410$6,833$6,378
9 years$8,296$7,579$6,919$6,312$5,755$5,318
10 years$7,391$6,680$6,032$5,441$4,903$4,486
11 years$6,650$5,947$5,310$4,735$4,217$3,818
12 years$6,034$5,338$4,713$4,153$3,654$3,274
13 years$5,513$4,824$4,211$3,667$3,187$2,825
14 years$5,066$4,385$3,783$3,255$2,793$2,449
15 years$4,680$4,006$3,416$2,903$2,460$2,132
16 years$4,342$3,675$3,097$2,599$2,174$1,863
17 years$4,044$3,385$2,818$2,335$1,927$1,633
18 years$3,779$3,128$2,572$2,105$1,714$1,435
19 years$3,543$2,899$2,355$1,902$1,528$1,263
20 years$3,331$2,693$2,161$1,722$1,364$1,115
21 years$3,139$2,509$1,988$1,563$1,221$985
22 years$2,964$2,342$1,832$1,421$1,094$872
23 years$2,806$2,190$1,692$1,294$982$773
24 years$2,660$2,052$1,565$1,181$883$686
25 years$2,527$1,926$1,449$1,078$795$609
26 years$2,403$1,810$1,344$986$716$542
27 years$2,290$1,703$1,248$902$645$482
28 years$2,184$1,605$1,160$827$582$429
29 years$2,086$1,514$1,080$758$526$382
30 years$1,995$1,430$1,006$696$475$341
31 years$1,910$1,352$938$639$430$304
32 years$1,830$1,279$875$587$389$271
33 years$1,755$1,211$817$540$352$242
34 years$1,685$1,148$763$497$318$216
35 years$1,619$1,089$713$457$288$193
36 years$1,556$1,034$667$421$261$172
37 years$1,498$982$625$388$237$154
38 years$1,442$933$585$358$215$138
39 years$1,390$887$548$330$195$123
40 years$1,340$844$514$304$177$110
41 years$1,293$803$482$281$160$98
42 years$1,248$765$452$259$145$88
43 years$1,205$729$424$239$132$79
44 years$1,164$695$398$221$120$70
45 years$1,126$663$374$204$109$63
46 years$1,089$632$351$188$99$56
47 years$1,054$603$330$174$90$50
48 years$1,020$576$310$161$81$45
49 years$988$550$291$149$74$40
50 years$957$525$274$137$67$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $980,000, adding $4,656 every year, while hoping to spend $32,635 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: 51/30/19 Blend
42$980,000$980,000$980,000$980,000
43$1,084,763$1,032,823$1,017,633$1,134,164
44$1,160,685$1,048,708$1,017,000$1,184,597
45$1,243,258$1,064,277$1,015,252$1,235,641
46$1,333,125$1,079,481$1,012,318$1,290,439
47$1,430,994$1,094,267$1,008,121$1,349,358
48$1,537,646$1,108,576$1,002,584$1,412,802
49$1,653,938$1,122,348$995,622$1,481,218
50$1,780,814$1,135,518$987,151$1,555,100
51$1,919,315$1,148,016$977,077$1,634,991
52$2,070,583$1,159,767$965,308$1,721,493
53$2,235,879$1,170,692$951,742$1,815,270
54$2,416,590$1,180,707$936,276$1,917,053
55$2,614,241$1,189,721$918,801$2,027,651
56$2,830,514$1,197,638$899,201$2,147,956
57$3,067,260$1,204,356$877,358$2,278,953
58$3,326,518$1,209,766$853,146$2,421,728
59$3,610,531$1,213,752$826,435$2,577,482
60$3,921,771$1,216,193$797,087$2,747,538
61$4,262,962$1,216,956$764,959$2,933,357
62$4,637,101$1,215,904$729,902$3,136,551
63$5,047,490$1,212,889$691,759$3,358,899
64$5,497,768$1,207,754$650,367$3,602,364
65$5,991,940$1,200,333$605,554$3,869,112
66$6,534,420$1,190,451$557,142$4,161,534
67$7,130,069$1,177,921$504,944$4,482,265
68$7,784,241$1,162,545$448,765$4,834,216
69$8,502,837$1,144,113$388,402$5,220,596
70$9,292,355$1,122,403$323,642$5,644,945
71$10,159,953$1,097,179$254,262$6,111,170
72$11,113,520$1,068,192$180,031$6,623,580
73$12,161,744$1,035,178$100,707$7,186,927
74$13,314,198$997,858$16,037$7,806,455
75$14,581,429$955,936$0$8,487,946
76$15,975,056$909,099$0$9,252,846
77$17,507,883$857,016$0$10,097,571
78$19,194,015$799,337$0$11,026,684
79$21,048,992$735,692$0$12,048,802
80$23,089,938$665,690$0$13,173,426
81$25,335,720$588,918$0$14,411,028
82$27,807,126$504,937$0$15,773,154
83$30,527,061$413,288$0$17,272,532
84$33,520,764$313,481$0$18,923,191
85$36,816,042$205,001$0$20,740,599
86$40,443,537$87,305$0$22,741,804
87$44,437,013$0$0$24,945,601
88$48,833,673$0$0$27,385,973
89$53,674,511$0$0$30,104,746
90$59,004,699$0$0$33,098,483
91$64,874,010$0$0$36,395,158
92$71,337,292$0$0$40,025,594
93$78,454,982$0$0$44,023,755
94$86,293,677$0$0$48,427,069
95$94,926,762$0$0$53,276,777
96$104,435,102$0$0$58,618,324
97$114,907,806$0$0$64,501,790
98$126,443,065$0$0$70,982,358
99$139,149,084$0$0$78,120,837
100$153,145,094$0$0$85,984,238