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%14.5%
1 years$80,515$79,797$79,098$78,415$77,748$76,303
2 years$39,859$39,116$38,397$37,699$37,023$35,572
3 years$26,309$25,563$24,845$24,154$23,489$22,078
4 years$19,535$18,791$18,081$17,402$16,752$15,393
5 years$15,472$14,733$14,032$13,366$12,735$11,430
6 years$12,764$12,030$11,340$10,689$10,077$8,827
7 years$10,830$10,103$9,423$8,788$8,195$7,002
8 years$9,381$8,660$7,992$7,372$6,799$5,662
9 years$8,254$7,540$6,883$6,279$5,725$4,644
10 years$7,353$6,646$6,001$5,413$4,878$3,851
11 years$6,617$5,917$5,283$4,711$4,196$3,221
12 years$6,003$5,311$4,689$4,132$3,636$2,713
13 years$5,485$4,799$4,189$3,648$3,170$2,298
14 years$5,040$4,362$3,764$3,238$2,779$1,956
15 years$4,656$3,985$3,398$2,888$2,447$1,671
16 years$4,320$3,656$3,081$2,586$2,163$1,432
17 years$4,023$3,367$2,804$2,323$1,918$1,230
18 years$3,760$3,112$2,559$2,094$1,705$1,060
19 years$3,525$2,884$2,343$1,892$1,520$914
20 years$3,314$2,680$2,150$1,714$1,357$790
21 years$3,123$2,496$1,978$1,555$1,215$684
22 years$2,949$2,330$1,823$1,414$1,089$593
23 years$2,791$2,179$1,683$1,288$977$514
24 years$2,647$2,042$1,557$1,174$879$446
25 years$2,514$1,916$1,442$1,073$791$388
26 years$2,391$1,801$1,337$981$712$337
27 years$2,278$1,695$1,242$898$642$293
28 years$2,173$1,597$1,154$822$579$255
29 years$2,076$1,507$1,074$754$523$222
30 years$1,985$1,423$1,000$692$473$194
31 years$1,900$1,345$933$636$427$169
32 years$1,820$1,273$870$584$387$147
33 years$1,746$1,205$813$537$350$128
34 years$1,676$1,142$759$494$317$112
35 years$1,610$1,083$710$455$287$98
36 years$1,549$1,028$664$419$260$85
37 years$1,490$977$622$386$236$74
38 years$1,435$928$582$356$214$65
39 years$1,383$883$545$328$194$57
40 years$1,333$840$511$303$176$49
41 years$1,286$799$479$279$159$43
42 years$1,241$761$450$258$145$38
43 years$1,199$725$422$238$131$33
44 years$1,158$691$396$220$119$29
45 years$1,120$659$372$203$108$25
46 years$1,083$629$349$187$98$22
47 years$1,048$600$328$173$89$19
48 years$1,015$573$308$160$81$17
49 years$983$547$290$148$74$15
50 years$952$523$272$137$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $975,000, adding $2,570 every year, while hoping to spend $53,746 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: 67/12/21 Blend
42$975,000$975,000$975,000$975,000
43$1,077,101$1,025,426$1,010,313$1,143,405
44$1,129,780$1,018,486$986,974$1,181,223
45$1,186,031$1,009,406$961,051$1,216,133
46$1,246,161$998,022$932,401$1,253,029
47$1,310,508$984,164$900,875$1,292,108
48$1,379,442$967,649$866,316$1,333,586
49$1,453,367$948,286$828,560$1,377,702
50$1,532,730$925,871$787,436$1,424,722
51$1,618,017$900,188$742,764$1,474,942
52$1,709,766$871,008$694,358$1,528,686
53$1,808,565$838,090$642,021$1,586,318
54$1,915,059$801,178$585,550$1,648,238
55$2,029,960$760,000$524,731$1,714,890
56$2,154,047$714,272$459,340$1,786,766
57$2,288,178$663,688$389,146$1,864,410
58$2,433,293$607,931$313,904$1,948,425
59$2,590,430$546,660$233,361$2,039,478
60$2,760,727$479,519$147,251$2,138,308
61$2,945,435$406,130$55,297$2,245,730
62$3,145,931$326,092$0$2,362,649
63$3,363,730$238,984$0$2,499,663
64$3,600,497$144,361$0$2,662,125
65$3,858,065$41,752$0$2,838,927
66$4,138,450$0$0$3,031,493
67$4,443,870$0$0$3,250,551
68$4,776,767$0$0$3,495,380
69$5,139,828$0$0$3,762,450
70$5,536,009$0$0$4,053,944
71$5,968,567$0$0$4,372,262
72$6,441,083$0$0$4,720,051
73$6,957,504$0$0$5,100,222
74$7,522,172$0$0$5,515,980
75$8,139,868$0$0$5,970,855
76$8,815,858$0$0$6,468,732
77$9,555,939$0$0$7,013,892
78$10,366,496$0$0$7,611,047
79$11,254,558$0$0$8,265,386
80$12,227,870$0$0$8,982,626
81$13,294,958$0$0$9,769,060
82$14,465,214$0$0$10,631,622
83$15,748,982$0$0$11,577,947
84$17,157,657$0$0$12,616,448
85$18,703,788$0$0$13,756,389
86$20,401,200$0$0$15,007,976
87$22,265,122$0$0$16,382,449
88$24,312,327$0$0$17,892,195
89$26,561,298$0$0$19,550,854
90$29,032,390$0$0$21,373,458
91$31,748,031$0$0$23,376,561
92$34,732,930$0$0$25,578,406
93$38,014,306$0$0$27,999,089
94$41,622,148$0$0$30,660,749
95$45,589,498$0$0$33,587,780
96$49,952,757$0$0$36,807,057
97$54,752,033$0$0$40,348,189
98$60,031,513$0$0$44,243,801
99$65,839,885$0$0$48,529,839
100$72,230,794$0$0$53,245,908