Can I retire at age 43 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$77,624$76,933$76,258$75,600$74,957$72,269
2 years$38,428$37,712$37,019$36,346$35,694$33,014
3 years$25,364$24,645$23,953$23,287$22,646$20,059
4 years$18,834$18,117$17,432$16,777$16,151$13,678
5 years$14,916$14,204$13,528$12,886$12,278$9,924
6 years$12,305$11,599$10,933$10,305$9,715$7,482
7 years$10,441$9,740$9,085$8,473$7,901$5,789
8 years$9,044$8,349$7,705$7,108$6,555$4,561
9 years$7,958$7,270$6,636$6,054$5,520$3,643
10 years$7,089$6,408$5,786$5,219$4,703$2,939
11 years$6,379$5,704$5,094$4,542$4,045$2,390
12 years$5,788$5,120$4,520$3,984$3,505$1,956
13 years$5,288$4,627$4,039$3,517$3,057$1,608
14 years$4,859$4,206$3,629$3,122$2,679$1,328
15 years$4,489$3,842$3,276$2,784$2,359$1,100
16 years$4,165$3,525$2,970$2,493$2,085$913
17 years$3,879$3,246$2,703$2,240$1,849$760
18 years$3,625$3,000$2,467$2,019$1,644$634
19 years$3,399$2,780$2,259$1,824$1,465$529
20 years$3,195$2,584$2,073$1,652$1,309$442
21 years$3,011$2,406$1,907$1,499$1,171$370
22 years$2,843$2,246$1,757$1,363$1,050$310
23 years$2,691$2,101$1,623$1,242$942$260
24 years$2,552$1,968$1,501$1,132$847$218
25 years$2,423$1,847$1,390$1,034$762$183
26 years$2,305$1,736$1,289$946$687$153
27 years$2,196$1,634$1,197$865$619$129
28 years$2,095$1,540$1,113$793$559$108
29 years$2,001$1,452$1,036$727$504$91
30 years$1,913$1,372$965$667$456$76
31 years$1,832$1,297$899$613$412$64
32 years$1,755$1,227$839$563$373$54
33 years$1,683$1,162$783$518$337$45
34 years$1,616$1,101$732$477$305$38
35 years$1,553$1,045$684$439$277$32
36 years$1,493$991$640$404$251$27
37 years$1,437$942$599$372$227$23
38 years$1,383$895$561$343$206$19
39 years$1,333$851$526$316$187$16
40 years$1,285$810$493$292$169$13
41 years$1,240$771$462$269$154$11
42 years$1,197$734$433$248$139$10
43 years$1,156$699$407$229$127$8
44 years$1,117$667$382$212$115$7
45 years$1,080$636$358$196$104$6
46 years$1,044$606$337$181$95$5
47 years$1,011$579$316$167$86$4
48 years$978$552$297$154$78$3
49 years$947$528$279$143$71$3
50 years$918$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $940,000, adding $3,626 every year, while hoping to spend $43,054 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: 84/8/8 Blend
42$940,000$940,000$940,000$940,000
43$1,039,620$989,800$975,230$1,125,707
44$1,099,852$992,491$962,091$1,185,174
45$1,164,785$993,871$947,069$1,244,288
46$1,234,853$993,830$930,056$1,307,875
47$1,310,532$992,252$910,937$1,376,359
48$1,392,347$989,013$889,593$1,450,202
49$1,480,873$983,982$865,902$1,529,919
50$1,576,744$977,018$839,731$1,616,072
51$1,680,655$967,976$810,946$1,709,283
52$1,793,373$956,698$779,403$1,810,234
53$1,915,738$943,017$744,955$1,919,680
54$2,048,678$926,759$707,445$2,038,449
55$2,193,209$907,737$666,710$2,167,456
56$2,350,453$885,752$622,582$2,307,708
57$2,521,642$860,597$574,881$2,460,312
58$2,708,133$832,050$523,423$2,626,492
59$2,911,418$799,876$468,014$2,807,594
60$3,133,141$763,828$408,450$3,005,100
61$3,375,109$723,644$344,521$3,220,646
62$3,639,314$679,045$276,006$3,456,033
63$3,927,945$629,740$202,674$3,713,245
64$4,243,416$575,418$124,283$3,994,470
65$4,588,381$515,750$40,584$4,302,118
66$4,965,765$450,391$0$4,638,844
67$5,378,788$378,975$0$5,011,737
68$5,830,994$301,114$0$5,423,830
69$6,326,287$216,401$0$5,875,233
70$6,868,968$124,404$0$6,369,891
71$7,463,769$24,666$0$6,912,148
72$8,115,907$0$0$7,506,791
73$8,831,124$0$0$8,166,426
74$9,615,746$0$0$8,892,471
75$10,476,741$0$0$9,689,205
76$11,421,783$0$0$10,563,731
77$12,459,326$0$0$11,523,875
78$13,598,683$0$0$12,578,257
79$14,850,113$0$0$13,736,372
80$16,224,916$0$0$15,008,682
81$17,735,542$0$0$16,406,711
82$19,395,706$0$0$17,943,153
83$21,220,517$0$0$19,631,996
84$23,226,622$0$0$21,488,648
85$25,432,360$0$0$23,530,085
86$27,857,938$0$0$25,775,011
87$30,525,616$0$0$28,244,033
88$33,459,921$0$0$30,959,854
89$36,687,878$0$0$33,947,489
90$40,239,260$0$0$37,234,499
91$44,146,873$0$0$40,851,252
92$48,446,864$0$0$44,831,206
93$53,179,059$0$0$49,211,230
94$58,387,343$0$0$54,031,944
95$64,120,069$0$0$59,338,108
96$70,430,515$0$0$65,179,040
97$77,377,387$0$0$71,609,083
98$85,025,374$0$0$78,688,117
99$93,445,754$0$0$86,482,121
100$102,717,068$0$0$95,063,801