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%12.8%
1 years$80,102$79,388$78,692$78,013$77,349$76,446
2 years$39,654$38,916$38,200$37,506$36,833$35,924
3 years$26,174$25,432$24,718$24,030$23,368$22,482
4 years$19,435$18,695$17,988$17,313$16,666$15,809
5 years$15,392$14,657$13,960$13,298$12,670$11,844
6 years$12,698$11,969$11,282$10,634$10,025$9,232
7 years$10,775$10,051$9,375$8,743$8,153$7,393
8 years$9,333$8,616$7,951$7,334$6,764$6,036
9 years$8,212$7,502$6,848$6,247$5,696$5,001
10 years$7,315$6,612$5,970$5,385$4,853$4,191
11 years$6,583$5,887$5,256$4,687$4,174$3,543
12 years$5,972$5,283$4,665$4,111$3,617$3,017
13 years$5,456$4,775$4,168$3,629$3,154$2,584
14 years$5,015$4,340$3,745$3,222$2,765$2,224
15 years$4,632$3,965$3,381$2,873$2,434$1,922
16 years$4,297$3,638$3,065$2,573$2,152$1,667
17 years$4,003$3,350$2,789$2,311$1,908$1,450
18 years$3,741$3,096$2,546$2,083$1,696$1,264
19 years$3,507$2,869$2,331$1,882$1,512$1,104
20 years$3,297$2,666$2,139$1,705$1,350$967
21 years$3,107$2,483$1,968$1,547$1,209$848
22 years$2,934$2,318$1,814$1,407$1,083$744
23 years$2,777$2,168$1,674$1,281$972$654
24 years$2,633$2,031$1,549$1,168$874$575
25 years$2,501$1,906$1,434$1,067$786$507
26 years$2,379$1,792$1,330$976$708$447
27 years$2,266$1,686$1,235$893$639$394
28 years$2,162$1,589$1,148$818$576$348
29 years$2,065$1,499$1,069$750$520$307
30 years$1,975$1,415$995$689$470$271
31 years$1,890$1,338$928$632$425$240
32 years$1,811$1,266$866$581$385$212
33 years$1,737$1,199$808$535$348$187
34 years$1,668$1,136$755$492$315$166
35 years$1,602$1,078$706$453$285$147
36 years$1,541$1,023$661$417$259$130
37 years$1,482$972$618$384$234$115
38 years$1,427$923$579$354$212$102
39 years$1,375$878$542$326$193$90
40 years$1,326$835$508$301$175$80
41 years$1,279$795$477$278$159$71
42 years$1,235$757$447$256$144$63
43 years$1,193$722$420$237$131$55
44 years$1,152$688$394$219$119$49
45 years$1,114$656$370$202$108$44
46 years$1,078$626$347$186$98$39
47 years$1,043$597$326$172$89$34
48 years$1,009$570$307$159$81$30
49 years$978$544$288$147$73$27
50 years$947$520$271$136$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $970,000, adding $5,850 every year, while hoping to spend $23,185 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: 48/43/9 Blend
42$970,000$970,000$970,000$970,000
43$1,074,974$1,023,564$1,008,529$1,123,685
44$1,159,953$1,049,050$1,017,646$1,183,222
45$1,252,822$1,075,008$1,026,292$1,244,916
46$1,354,363$1,101,436$1,034,425$1,311,363
47$1,465,434$1,128,332$1,042,004$1,383,013
48$1,586,981$1,155,694$1,048,985$1,460,360
49$1,720,047$1,183,516$1,055,319$1,543,949
50$1,865,778$1,211,795$1,060,958$1,634,382
51$2,025,437$1,240,523$1,065,850$1,732,317
52$2,200,416$1,269,693$1,069,941$1,838,482
53$2,392,247$1,299,296$1,073,173$1,953,680
54$2,602,618$1,329,323$1,075,485$2,078,792
55$2,833,387$1,359,762$1,076,816$2,214,791
56$3,086,601$1,390,599$1,077,098$2,362,747
57$3,364,516$1,421,820$1,076,262$2,523,840
58$3,669,615$1,453,407$1,074,235$2,699,370
59$4,004,634$1,485,343$1,070,941$2,890,768
60$4,372,589$1,517,606$1,066,299$3,099,613
61$4,776,798$1,550,174$1,060,225$3,327,642
62$5,220,920$1,583,021$1,052,632$3,576,771
63$5,708,984$1,616,120$1,043,425$3,849,110
64$6,245,431$1,649,440$1,032,510$4,146,985
65$6,835,150$1,682,947$1,019,784$4,472,959
66$7,483,529$1,716,606$1,005,141$4,829,855
67$8,196,506$1,750,377$988,471$5,220,787
68$8,980,621$1,784,217$969,656$5,649,182
69$9,843,080$1,818,079$948,575$6,118,821
70$10,791,823$1,851,913$925,100$6,633,869
71$11,835,597$1,885,665$899,099$7,198,917
72$12,984,040$1,919,275$870,432$7,819,023
73$14,247,773$1,952,681$838,952$8,499,762
74$15,638,497$1,985,813$804,507$9,247,280
75$17,169,104$2,018,598$766,939$10,068,348
76$18,853,800$2,050,957$726,079$10,970,429
77$20,708,240$2,082,806$681,755$11,961,749
78$22,749,669$2,114,052$633,783$13,051,374
79$24,997,094$2,144,599$581,973$14,249,295
80$27,471,456$2,174,343$526,127$15,566,523
81$30,195,829$2,203,170$466,037$17,015,195
82$33,195,640$2,230,962$401,485$18,608,685
83$36,498,906$2,257,591$332,247$20,361,737
84$40,136,501$2,282,919$258,084$22,290,596
85$44,142,445$2,306,802$178,749$24,413,170
86$48,554,222$2,329,084$93,986$26,749,193
87$53,413,143$2,349,599$3,525$29,320,415
88$58,764,725$2,368,171$0$32,150,810
89$64,659,126$2,384,611$0$35,275,729
90$71,151,620$2,398,719$0$38,716,299
91$78,303,111$2,410,282$0$42,504,303
92$86,180,716$2,419,074$0$46,675,140
93$94,858,393$2,424,853$0$51,267,822
94$104,417,642$2,427,363$0$56,325,344
95$114,948,271$2,426,333$0$61,895,087
96$126,549,244$2,421,473$0$68,029,271
97$139,329,619$2,412,477$0$74,785,442
98$153,409,571$2,399,019$0$82,227,023
99$168,921,530$2,380,754$0$90,423,907
100$186,011,431$2,357,316$0$99,453,124