Can I retire at age 43 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$78,450$77,751$77,070$76,404$75,754$73,654
2 years$38,837$38,113$37,412$36,733$36,073$33,973
3 years$25,634$24,908$24,208$23,535$22,887$20,852
4 years$19,034$18,310$17,617$16,956$16,323$14,370
5 years$15,075$14,355$13,672$13,024$12,408$10,542
6 years$12,436$11,722$11,049$10,415$9,818$8,040
7 years$10,552$9,844$9,182$8,563$7,985$6,296
8 years$9,140$8,438$7,787$7,183$6,624$5,022
9 years$8,042$7,347$6,707$6,118$5,579$4,063
10 years$7,165$6,476$5,847$5,274$4,753$3,322
11 years$6,447$5,765$5,148$4,590$4,088$2,738
12 years$5,849$5,175$4,568$4,026$3,543$2,272
13 years$5,344$4,676$4,082$3,554$3,089$1,895
14 years$4,911$4,251$3,667$3,155$2,708$1,588
15 years$4,536$3,883$3,311$2,814$2,384$1,335
16 years$4,209$3,563$3,002$2,520$2,107$1,125
17 years$3,920$3,281$2,732$2,264$1,868$951
18 years$3,664$3,032$2,494$2,040$1,661$805
19 years$3,435$2,810$2,283$1,843$1,481$683
20 years$3,229$2,611$2,095$1,670$1,323$580
21 years$3,043$2,432$1,927$1,515$1,184$493
22 years$2,874$2,270$1,776$1,378$1,061$420
23 years$2,720$2,123$1,640$1,255$952$358
24 years$2,579$1,989$1,517$1,144$856$305
25 years$2,449$1,867$1,405$1,045$770$260
26 years$2,330$1,755$1,303$956$694$222
27 years$2,220$1,651$1,210$875$626$190
28 years$2,117$1,556$1,125$801$564$162
29 years$2,022$1,468$1,047$735$510$139
30 years$1,934$1,386$975$674$461$118
31 years$1,851$1,311$909$619$416$101
32 years$1,774$1,240$848$569$377$87
33 years$1,701$1,174$792$523$341$74
34 years$1,633$1,113$740$482$309$63
35 years$1,569$1,056$692$443$280$54
36 years$1,509$1,002$647$408$253$46
37 years$1,452$952$606$376$230$40
38 years$1,398$904$567$347$208$34
39 years$1,347$860$531$320$189$29
40 years$1,299$818$498$295$171$25
41 years$1,253$779$467$272$155$21
42 years$1,209$742$438$251$141$18
43 years$1,168$707$411$232$128$16
44 years$1,129$674$386$214$116$13
45 years$1,091$642$362$198$105$11
46 years$1,055$613$340$183$96$10
47 years$1,021$585$320$169$87$8
48 years$989$558$300$156$79$7
49 years$957$533$282$144$72$6
50 years$928$509$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $950,000, adding $4,649 every year, while hoping to spend $59,569 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: 77/13/10 Blend
42$950,000$950,000$950,000$950,000
43$1,051,695$1,001,345$986,620$1,130,503
44$1,095,587$987,030$956,291$1,168,678
45$1,141,960$970,017$922,950$1,202,437
46$1,191,003$950,111$886,432$1,237,745
47$1,242,924$927,106$846,566$1,274,732
48$1,297,950$900,782$803,174$1,313,543
49$1,356,329$870,908$756,067$1,354,337
50$1,418,330$837,238$705,052$1,397,289
51$1,484,251$799,514$649,922$1,442,596
52$1,554,416$757,461$590,465$1,490,473
53$1,629,178$710,789$526,458$1,541,157
54$1,708,927$659,190$457,667$1,594,914
55$1,794,087$602,340$383,849$1,652,035
56$1,885,126$539,897$304,750$1,712,843
57$1,982,555$471,497$220,104$1,777,695
58$2,086,933$396,758$129,635$1,846,985
59$2,198,875$315,275$33,053$1,921,151
60$2,319,056$226,619$0$2,000,676
61$2,448,217$130,341$0$2,093,564
62$2,587,170$25,962$0$2,197,186
63$2,736,806$0$0$2,308,698
64$2,898,107$0$0$2,441,309
65$3,072,148$0$0$2,588,428
66$3,260,111$0$0$2,747,342
67$3,463,297$0$0$2,919,155
68$3,683,133$0$0$3,105,078
69$3,921,191$0$0$3,306,443
70$4,179,194$0$0$3,524,713
71$4,459,043$0$0$3,761,498
72$4,762,823$0$0$4,018,569
73$5,092,832$0$0$4,297,874
74$5,451,593$0$0$4,601,554
75$5,841,886$0$0$4,931,966
76$6,266,767$0$0$5,291,704
77$6,729,600$0$0$5,683,620
78$7,234,085$0$0$6,110,855
79$7,784,298$0$0$6,576,864
80$8,384,720$0$0$7,085,451
81$9,040,288$0$0$7,640,804
82$9,756,434$0$0$8,247,530
83$10,539,140$0$0$8,910,704
84$11,394,989$0$0$9,635,912
85$12,331,231$0$0$10,429,306
86$13,355,850$0$0$11,297,658
87$14,477,635$0$0$12,248,425
88$15,706,266$0$0$13,289,820
89$17,052,403$0$0$14,430,887
90$18,527,785$0$0$15,681,587
91$20,145,341$0$0$17,052,889
92$21,919,311$0$0$18,556,874
93$23,865,379$0$0$20,206,851
94$26,000,820$0$0$22,017,476
95$28,344,664$0$0$24,004,895
96$30,917,869$0$0$26,186,892
97$33,743,527$0$0$28,583,058
98$36,847,070$0$0$31,214,974
99$40,256,518$0$0$34,106,414
100$44,002,739$0$0$37,283,567