Can I retire at age 43 with 975,000?

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 $975,000?

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$80,515$79,797$79,098$78,415$77,748$77,193
2 years$39,859$39,116$38,397$37,699$37,023$36,463
3 years$26,309$25,563$24,845$24,154$23,489$22,942
4 years$19,535$18,791$18,081$17,402$16,752$16,223
5 years$15,472$14,733$14,032$13,366$12,735$12,224
6 years$12,764$12,030$11,340$10,689$10,077$9,585
7 years$10,830$10,103$9,423$8,788$8,195$7,722
8 years$9,381$8,660$7,992$7,372$6,799$6,345
9 years$8,254$7,540$6,883$6,279$5,725$5,291
10 years$7,353$6,646$6,001$5,413$4,878$4,463
11 years$6,617$5,917$5,283$4,711$4,196$3,799
12 years$6,003$5,311$4,689$4,132$3,636$3,257
13 years$5,485$4,799$4,189$3,648$3,170$2,810
14 years$5,040$4,362$3,764$3,238$2,779$2,436
15 years$4,656$3,985$3,398$2,888$2,447$2,121
16 years$4,320$3,656$3,081$2,586$2,163$1,853
17 years$4,023$3,367$2,804$2,323$1,918$1,624
18 years$3,760$3,112$2,559$2,094$1,705$1,427
19 years$3,525$2,884$2,343$1,892$1,520$1,257
20 years$3,314$2,680$2,150$1,714$1,357$1,109
21 years$3,123$2,496$1,978$1,555$1,215$980
22 years$2,949$2,330$1,823$1,414$1,089$868
23 years$2,791$2,179$1,683$1,288$977$769
24 years$2,647$2,042$1,557$1,174$879$683
25 years$2,514$1,916$1,442$1,073$791$606
26 years$2,391$1,801$1,337$981$712$539
27 years$2,278$1,695$1,242$898$642$480
28 years$2,173$1,597$1,154$822$579$427
29 years$2,076$1,507$1,074$754$523$380
30 years$1,985$1,423$1,000$692$473$339
31 years$1,900$1,345$933$636$427$302
32 years$1,820$1,273$870$584$387$270
33 years$1,746$1,205$813$537$350$241
34 years$1,676$1,142$759$494$317$215
35 years$1,610$1,083$710$455$287$192
36 years$1,549$1,028$664$419$260$171
37 years$1,490$977$622$386$236$153
38 years$1,435$928$582$356$214$137
39 years$1,383$883$545$328$194$122
40 years$1,333$840$511$303$176$109
41 years$1,286$799$479$279$159$98
42 years$1,241$761$450$258$145$87
43 years$1,199$725$422$238$131$78
44 years$1,158$691$396$220$119$70
45 years$1,120$659$372$203$108$63
46 years$1,083$629$349$187$98$56
47 years$1,048$600$328$173$89$50
48 years$1,015$573$308$160$81$45
49 years$983$547$290$148$74$40
50 years$952$523$272$137$67$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $975,000, adding $3,335 every year, while hoping to spend $29,582 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: 55/30/15 Blend
42$975,000$975,000$975,000$975,000
43$1,077,890$1,026,215$1,011,103$1,132,744
44$1,156,360$1,045,025$1,013,499$1,189,243
45$1,241,842$1,063,764$1,014,985$1,247,257
46$1,335,021$1,082,400$1,015,498$1,309,754
47$1,436,649$1,100,893$1,014,973$1,377,169
48$1,547,555$1,119,205$1,013,343$1,449,982
49$1,668,651$1,137,291$1,010,535$1,528,720
50$1,800,941$1,155,106$1,006,475$1,613,965
51$1,945,530$1,172,599$1,001,086$1,706,361
52$2,103,635$1,189,718$994,284$1,806,615
53$2,276,597$1,206,405$985,983$1,915,508
54$2,465,890$1,222,599$976,093$2,033,901
55$2,673,139$1,238,235$964,521$2,162,744
56$2,900,133$1,253,242$951,166$2,303,083
57$3,148,842$1,267,546$935,925$2,456,073
58$3,421,435$1,281,067$918,690$2,622,987
59$3,720,302$1,293,720$899,347$2,805,230
60$4,048,075$1,305,414$877,777$3,004,349
61$4,407,652$1,316,053$853,856$3,222,052
62$4,802,226$1,325,533$827,454$3,460,221
63$5,235,314$1,333,746$798,434$3,720,933
64$5,710,790$1,340,573$766,656$4,006,477
65$6,232,921$1,345,891$731,969$4,319,376
66$6,806,407$1,349,568$694,218$4,662,415
67$7,436,427$1,351,464$653,242$5,038,664
68$8,128,687$1,351,429$608,869$5,451,506
69$8,889,469$1,349,306$560,922$5,904,673
70$9,725,699$1,344,926$509,217$6,402,281
71$10,645,003$1,338,110$453,559$6,948,867
72$11,655,786$1,328,670$393,746$7,549,432
73$12,767,306$1,316,405$329,566$8,209,494
74$13,989,764$1,301,101$260,799$8,935,134
75$15,334,399$1,282,534$187,215$9,733,057
76$16,813,593$1,260,464$108,572$10,610,657
77$18,440,990$1,234,637$24,620$11,576,083
78$20,231,623$1,204,786$0$12,638,322
79$22,202,054$1,170,626$0$13,817,680
80$24,370,534$1,131,857$0$15,119,563
81$26,757,170$1,088,160$0$16,552,112
82$29,384,120$1,039,199$0$18,128,651
83$32,275,797$984,616$0$19,863,864
84$35,459,102$924,036$0$21,773,937
85$38,963,676$857,059$0$23,876,710
86$42,822,180$783,264$0$26,191,846
87$47,070,604$702,206$0$28,741,018
88$51,748,605$613,413$0$31,548,113
89$56,899,882$516,389$0$34,639,461
90$62,572,586$410,608$0$38,044,081
91$68,819,776$295,514$0$41,793,956
92$75,699,920$170,522$0$45,924,339
93$83,277,446$35,012$0$50,474,084
94$91,623,348$0$0$55,486,015
95$100,815,857$0$0$61,044,196
96$110,941,180$0$0$67,179,255
97$122,094,313$0$0$73,937,209
98$134,379,934$0$0$81,381,504
99$147,913,397$0$0$89,582,051
100$162,821,815$0$0$98,615,893