Can I retire at age 43 with 950,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$78,450$77,751$77,070$76,404$75,754$75,057
2 years$38,837$38,113$37,412$36,733$36,073$35,371
3 years$25,634$24,908$24,208$23,535$22,887$22,200
4 years$19,034$18,310$17,617$16,956$16,323$15,659
5 years$15,075$14,355$13,672$13,024$12,408$11,768
6 years$12,436$11,722$11,049$10,415$9,818$9,202
7 years$10,552$9,844$9,182$8,563$7,985$7,394
8 years$9,140$8,438$7,787$7,183$6,624$6,058
9 years$8,042$7,347$6,707$6,118$5,579$5,037
10 years$7,165$6,476$5,847$5,274$4,753$4,236
11 years$6,447$5,765$5,148$4,590$4,088$3,594
12 years$5,849$5,175$4,568$4,026$3,543$3,073
13 years$5,344$4,676$4,082$3,554$3,089$2,642
14 years$4,911$4,251$3,667$3,155$2,708$2,283
15 years$4,536$3,883$3,311$2,814$2,384$1,981
16 years$4,209$3,563$3,002$2,520$2,107$1,725
17 years$3,920$3,281$2,732$2,264$1,868$1,507
18 years$3,664$3,032$2,494$2,040$1,661$1,319
19 years$3,435$2,810$2,283$1,843$1,481$1,158
20 years$3,229$2,611$2,095$1,670$1,323$1,018
21 years$3,043$2,432$1,927$1,515$1,184$896
22 years$2,874$2,270$1,776$1,378$1,061$790
23 years$2,720$2,123$1,640$1,255$952$698
24 years$2,579$1,989$1,517$1,144$856$617
25 years$2,449$1,867$1,405$1,045$770$546
26 years$2,330$1,755$1,303$956$694$483
27 years$2,220$1,651$1,210$875$626$428
28 years$2,117$1,556$1,125$801$564$380
29 years$2,022$1,468$1,047$735$510$337
30 years$1,934$1,386$975$674$461$299
31 years$1,851$1,311$909$619$416$266
32 years$1,774$1,240$848$569$377$236
33 years$1,701$1,174$792$523$341$210
34 years$1,633$1,113$740$482$309$187
35 years$1,569$1,056$692$443$280$166
36 years$1,509$1,002$647$408$253$148
37 years$1,452$952$606$376$230$131
38 years$1,398$904$567$347$208$117
39 years$1,347$860$531$320$189$104
40 years$1,299$818$498$295$171$93
41 years$1,253$779$467$272$155$82
42 years$1,209$742$438$251$141$73
43 years$1,168$707$411$232$128$65
44 years$1,129$674$386$214$116$58
45 years$1,091$642$362$198$105$52
46 years$1,055$613$340$183$96$46
47 years$1,021$585$320$169$87$41
48 years$989$558$300$156$79$37
49 years$957$533$282$144$72$33
50 years$928$509$265$133$65$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $950,000, adding $4,097 every year, while hoping to spend $55,291 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: 52/34/14 Blend
42$950,000$950,000$950,000$950,000
43$1,051,126$1,000,776$986,051$1,101,631
44$1,099,512$990,985$960,255$1,126,824
45$1,150,980$978,861$931,741$1,148,006
46$1,205,786$964,231$900,360$1,169,796
47$1,264,210$946,913$865,957$1,192,267
48$1,326,560$926,712$828,367$1,215,504
49$1,393,172$903,424$787,420$1,239,601
50$1,464,415$876,831$742,938$1,264,666
51$1,540,692$846,702$694,733$1,290,821
52$1,622,447$812,795$642,611$1,318,206
53$1,710,166$774,851$586,367$1,346,979
54$1,804,382$732,598$525,790$1,377,316
55$1,905,682$685,748$460,657$1,409,419
56$2,014,707$633,996$390,735$1,443,514
57$2,132,165$577,019$315,782$1,479,855
58$2,258,829$514,477$235,544$1,518,730
59$2,395,553$446,010$149,758$1,560,459
60$2,543,272$371,237$58,148$1,605,404
61$2,703,015$289,756$0$1,653,968
62$2,875,911$201,143$0$1,712,524
63$3,063,205$104,950$0$1,785,315
64$3,266,262$702$0$1,864,259
65$3,486,585$0$0$1,950,039
66$3,725,826$0$0$2,085,354
67$3,985,804$0$0$2,232,766
68$4,268,518$0$0$2,393,158
69$4,576,168$0$0$2,567,788
70$4,911,174$0$0$2,758,042
71$5,276,201$0$0$2,965,445
72$5,674,179$0$0$3,191,674
73$6,108,334$0$0$3,438,577
74$6,582,218$0$0$3,708,186
75$7,099,740$0$0$4,002,741
76$7,665,202$0$0$4,324,704
77$8,283,341$0$0$4,676,788
78$8,959,374$0$0$5,061,980
79$9,699,043$0$0$5,483,569
80$10,508,672$0$0$5,945,176
81$11,395,223$0$0$6,450,788
82$12,366,364$0$0$7,004,798
83$13,430,539$0$0$7,612,042
84$14,597,049$0$0$8,277,847
85$15,876,135$0$0$9,008,079
86$17,279,079$0$0$9,809,200
87$18,818,307$0$0$10,688,328
88$20,507,503$0$0$11,653,303
89$22,361,744$0$0$12,712,760
90$24,397,635$0$0$13,876,213
91$26,633,470$0$0$15,154,140
92$29,089,399$0$0$16,558,087
93$31,787,621$0$0$18,100,770
94$34,752,591$0$0$19,796,200
95$38,011,251$0$0$21,659,813
96$41,593,283$0$0$23,708,612
97$45,531,386$0$0$25,961,333
98$49,861,586$0$0$28,438,617
99$54,623,575$0$0$31,163,204
100$59,861,085$0$0$34,160,151