Can I retire at age 43 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$81,753$81,025$80,315$79,621$78,944$76,234
2 years$40,472$39,718$38,988$38,279$37,592$34,890
3 years$26,713$25,956$25,228$24,526$23,850$21,240
4 years$19,835$19,081$18,359$17,670$17,010$14,512
5 years$15,710$14,959$14,248$13,572$12,931$10,551
6 years$12,960$12,215$11,514$10,854$10,232$7,973
7 years$10,997$10,259$9,568$8,923$8,321$6,182
8 years$9,525$8,793$8,115$7,486$6,903$4,883
9 years$8,381$7,656$6,989$6,376$5,813$3,909
10 years$7,466$6,749$6,093$5,496$4,953$3,162
11 years$6,718$6,008$5,364$4,783$4,260$2,578
12 years$6,095$5,392$4,761$4,196$3,692$2,115
13 years$5,569$4,873$4,253$3,704$3,219$1,744
14 years$5,118$4,430$3,822$3,288$2,822$1,444
15 years$4,727$4,046$3,451$2,932$2,485$1,199
16 years$4,386$3,713$3,128$2,626$2,196$999
17 years$4,085$3,419$2,847$2,359$1,947$834
18 years$3,818$3,159$2,599$2,126$1,731$697
19 years$3,579$2,928$2,379$1,921$1,543$584
20 years$3,365$2,721$2,183$1,740$1,378$490
21 years$3,171$2,534$2,008$1,579$1,233$411
22 years$2,995$2,366$1,851$1,436$1,106$345
23 years$2,834$2,213$1,709$1,308$992$290
24 years$2,687$2,073$1,581$1,193$892$244
25 years$2,552$1,946$1,464$1,089$803$205
26 years$2,428$1,829$1,358$996$723$173
27 years$2,313$1,721$1,261$912$652$146
28 years$2,206$1,622$1,172$835$588$123
29 years$2,107$1,530$1,091$766$531$103
30 years$2,015$1,445$1,016$703$480$87
31 years$1,929$1,366$947$646$434$74
32 years$1,848$1,292$884$593$392$62
33 years$1,773$1,224$825$546$355$52
34 years$1,702$1,160$771$502$322$44
35 years$1,635$1,100$721$462$291$37
36 years$1,572$1,044$674$426$264$31
37 years$1,513$992$631$392$239$26
38 years$1,457$942$591$361$217$22
39 years$1,404$896$554$333$197$19
40 years$1,353$853$519$307$178$16
41 years$1,306$812$487$284$162$13
42 years$1,260$773$456$262$147$11
43 years$1,217$737$428$242$133$10
44 years$1,176$702$402$223$121$8
45 years$1,137$669$378$206$110$7
46 years$1,100$639$355$190$100$6
47 years$1,064$609$333$176$91$5
48 years$1,030$582$313$162$82$4
49 years$998$556$294$150$75$3
50 years$967$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $990,000, adding $2,314 every year, while hoping to spend $51,949 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: 29/48/23 Blend
42$990,000$990,000$990,000$990,000
43$1,093,367$1,040,897$1,025,552$1,117,164
44$1,149,617$1,036,628$1,004,635$1,131,525
45$1,209,863$1,030,408$981,275$1,142,200
46$1,274,459$1,022,087$955,338$1,152,598
47$1,343,791$1,011,507$926,679$1,162,727
48$1,418,284$998,497$895,148$1,172,604
49$1,498,404$982,878$860,591$1,182,250
50$1,584,663$964,461$822,843$1,191,694
51$1,677,624$943,045$781,733$1,200,974
52$1,777,903$918,415$737,082$1,210,138
53$1,886,179$890,348$688,705$1,219,244
54$2,003,197$858,603$636,405$1,228,365
55$2,129,778$822,929$579,978$1,237,586
56$2,266,820$783,057$519,213$1,247,011
57$2,415,315$738,706$453,885$1,256,760
58$2,576,350$689,576$383,764$1,266,976
59$2,751,123$635,351$308,605$1,277,825
60$2,940,951$575,696$228,157$1,289,498
61$3,147,281$510,259$142,153$1,302,218
62$3,371,707$438,665$50,319$1,316,241
63$3,615,982$360,520$0$1,331,860
64$3,882,034$275,407$0$1,361,112
65$4,171,986$182,887$0$1,406,616
66$4,488,174$82,493$0$1,456,523
67$4,833,168$0$0$1,511,405
68$5,209,798$0$0$1,585,778
69$5,621,180$0$0$1,714,754
70$6,070,741$0$0$1,855,852
71$6,562,259$0$0$2,010,278
72$7,099,888$0$0$2,179,357
73$7,688,207$0$0$2,364,549
74$8,332,254$0$0$2,567,461
75$9,037,580$0$0$2,789,865
76$9,810,294$0$0$3,033,711
77$10,657,129$0$0$3,301,146
78$11,585,495$0$0$3,594,537
79$12,603,557$0$0$3,916,488
80$13,720,306$0$0$4,269,871
81$14,945,646$0$0$4,657,847
82$16,290,485$0$0$5,083,899
83$17,766,840$0$0$5,551,862
84$19,387,947$0$0$6,065,965
85$21,168,387$0$0$6,630,862
86$23,124,222$0$0$7,251,682
87$25,273,148$0$0$7,934,077
88$27,634,656$0$0$8,684,273
89$30,230,223$0$0$9,509,127
90$33,083,509$0$0$10,416,197
91$36,220,578$0$0$11,413,808
92$39,670,149$0$0$12,511,132
93$43,463,861$0$0$13,718,277
94$47,636,573$0$0$15,046,377
95$52,226,693$0$0$16,507,702
96$57,276,537$0$0$18,115,770
97$62,832,731$0$0$19,885,476
98$68,946,648$0$0$21,833,231
99$75,674,891$0$0$23,977,120
100$83,079,829$0$0$26,337,067