Can I retire at age 43 with 980,000?

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 $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%17.6%
1 years$80,927$80,207$79,503$78,817$78,147$75,736
2 years$40,063$39,317$38,594$37,893$37,213$34,805
3 years$26,443$25,694$24,973$24,278$23,609$21,280
4 years$19,635$18,888$18,174$17,491$16,838$14,606
5 years$15,551$14,808$14,104$13,435$12,800$10,670
6 years$12,829$12,092$11,398$10,744$10,128$8,103
7 years$10,886$10,155$9,472$8,833$8,237$6,315
8 years$9,429$8,705$8,033$7,410$6,833$5,015
9 years$8,296$7,579$6,919$6,312$5,755$4,037
10 years$7,391$6,680$6,032$5,441$4,903$3,284
11 years$6,650$5,947$5,310$4,735$4,217$2,693
12 years$6,034$5,338$4,713$4,153$3,654$2,223
13 years$5,513$4,824$4,211$3,667$3,187$1,844
14 years$5,066$4,385$3,783$3,255$2,793$1,536
15 years$4,680$4,006$3,416$2,903$2,460$1,284
16 years$4,342$3,675$3,097$2,599$2,174$1,077
17 years$4,044$3,385$2,818$2,335$1,927$904
18 years$3,779$3,128$2,572$2,105$1,714$761
19 years$3,543$2,899$2,355$1,902$1,528$642
20 years$3,331$2,693$2,161$1,722$1,364$542
21 years$3,139$2,509$1,988$1,563$1,221$458
22 years$2,964$2,342$1,832$1,421$1,094$388
23 years$2,806$2,190$1,692$1,294$982$328
24 years$2,660$2,052$1,565$1,181$883$278
25 years$2,527$1,926$1,449$1,078$795$236
26 years$2,403$1,810$1,344$986$716$200
27 years$2,290$1,703$1,248$902$645$170
28 years$2,184$1,605$1,160$827$582$144
29 years$2,086$1,514$1,080$758$526$122
30 years$1,995$1,430$1,006$696$475$104
31 years$1,910$1,352$938$639$430$88
32 years$1,830$1,279$875$587$389$75
33 years$1,755$1,211$817$540$352$64
34 years$1,685$1,148$763$497$318$54
35 years$1,619$1,089$713$457$288$46
36 years$1,556$1,034$667$421$261$39
37 years$1,498$982$625$388$237$33
38 years$1,442$933$585$358$215$28
39 years$1,390$887$548$330$195$24
40 years$1,340$844$514$304$177$20
41 years$1,293$803$482$281$160$17
42 years$1,248$765$452$259$145$15
43 years$1,205$729$424$239$132$13
44 years$1,164$695$398$221$120$11
45 years$1,126$663$374$204$109$9
46 years$1,089$632$351$188$99$8
47 years$1,054$603$330$174$90$7
48 years$1,020$576$310$161$81$6
49 years$988$550$291$149$74$5
50 years$957$525$274$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $980,000, adding $4,117 every year, while hoping to spend $27,227 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: 31/47/22 Blend
42$980,000$980,000$980,000$980,000
43$1,084,207$1,032,267$1,017,077$1,110,314
44$1,165,826$1,053,878$1,022,179$1,152,073
45$1,254,859$1,075,637$1,026,541$1,194,264
46$1,352,031$1,097,520$1,030,107$1,239,118
47$1,458,145$1,119,504$1,032,821$1,286,885
48$1,574,080$1,141,564$1,034,625$1,337,839
49$1,700,807$1,163,672$1,035,456$1,392,285
50$1,839,395$1,185,798$1,035,250$1,450,557
51$1,991,020$1,207,909$1,033,937$1,513,026
52$2,156,977$1,229,969$1,031,447$1,580,101
53$2,338,692$1,251,941$1,027,704$1,652,233
54$2,537,736$1,273,783$1,022,629$1,729,919
55$2,755,837$1,295,451$1,016,140$1,813,712
56$2,994,902$1,316,897$1,008,149$1,904,218
57$3,257,027$1,338,070$998,567$2,002,107
58$3,544,523$1,358,915$987,299$2,108,121
59$3,859,935$1,379,372$974,244$2,223,078
60$4,206,066$1,399,379$959,299$2,347,879
61$4,586,003$1,418,868$942,354$2,483,522
62$5,003,149$1,437,765$923,296$2,631,106
63$5,461,248$1,455,993$902,004$2,791,847
64$5,964,428$1,473,470$878,354$2,967,085
65$6,517,236$1,490,106$852,215$3,158,299
66$7,124,680$1,505,807$823,450$3,367,124
67$7,792,278$1,520,472$791,917$3,595,361
68$8,526,108$1,533,994$757,464$3,845,001
69$9,332,868$1,546,257$719,936$4,118,239
70$10,219,937$1,557,139$679,170$4,417,498
71$11,195,443$1,566,511$634,994$4,745,454
72$12,268,342$1,574,234$587,231$5,105,056
73$13,448,502$1,580,161$535,692$5,499,561
74$14,746,795$1,584,135$480,184$5,932,561
75$16,175,200$1,585,989$420,502$6,408,021
76$17,746,916$1,585,549$356,434$6,930,314
77$19,476,485$1,582,624$287,759$7,504,266
78$21,379,931$1,577,017$214,243$8,135,198
79$23,474,909$1,568,516$135,645$8,828,985
80$25,780,872$1,556,896$51,712$9,592,103
81$28,319,257$1,541,920$0$10,431,698
82$31,113,683$1,523,335$0$11,364,540
83$34,190,174$1,500,874$0$12,403,967
84$37,577,409$1,474,254$0$13,547,484
85$41,306,986$1,443,174$0$14,805,737
86$45,413,726$1,407,317$0$16,190,465
87$49,935,996$1,366,346$0$17,714,608
88$54,916,076$1,319,904$0$19,392,433
89$60,400,551$1,267,615$0$21,239,668
90$66,440,758$1,209,079$0$23,273,655
91$73,093,266$1,143,875$0$25,513,509
92$80,420,410$1,071,555$0$27,980,304
93$88,490,879$991,649$0$30,697,272
94$97,380,365$903,655$0$33,690,025
95$107,172,275$807,048$0$36,986,796
96$117,958,523$701,269$0$40,618,708
97$129,840,391$585,729$0$44,620,070
98$142,929,486$459,806$0$49,028,702
99$157,348,799$322,842$0$53,886,295
100$173,233,858$174,142$0$59,238,805