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%13.8%
1 years$78,450$77,751$77,070$76,404$75,754$74,561
2 years$38,837$38,113$37,412$36,733$36,073$34,874
3 years$25,634$24,908$24,208$23,535$22,887$21,719
4 years$19,034$18,310$17,617$16,956$16,323$15,195
5 years$15,075$14,355$13,672$13,024$12,408$11,325
6 years$12,436$11,722$11,049$10,415$9,818$8,780
7 years$10,552$9,844$9,182$8,563$7,985$6,991
8 years$9,140$8,438$7,787$7,183$6,624$5,676
9 years$8,042$7,347$6,707$6,118$5,579$4,675
10 years$7,165$6,476$5,847$5,274$4,753$3,894
11 years$6,447$5,765$5,148$4,590$4,088$3,271
12 years$5,849$5,175$4,568$4,026$3,543$2,768
13 years$5,344$4,676$4,082$3,554$3,089$2,355
14 years$4,911$4,251$3,667$3,155$2,708$2,014
15 years$4,536$3,883$3,311$2,814$2,384$1,729
16 years$4,209$3,563$3,002$2,520$2,107$1,489
17 years$3,920$3,281$2,732$2,264$1,868$1,286
18 years$3,664$3,032$2,494$2,040$1,661$1,113
19 years$3,435$2,810$2,283$1,843$1,481$965
20 years$3,229$2,611$2,095$1,670$1,323$839
21 years$3,043$2,432$1,927$1,515$1,184$730
22 years$2,874$2,270$1,776$1,378$1,061$636
23 years$2,720$2,123$1,640$1,255$952$555
24 years$2,579$1,989$1,517$1,144$856$484
25 years$2,449$1,867$1,405$1,045$770$423
26 years$2,330$1,755$1,303$956$694$370
27 years$2,220$1,651$1,210$875$626$324
28 years$2,117$1,556$1,125$801$564$283
29 years$2,022$1,468$1,047$735$510$248
30 years$1,934$1,386$975$674$461$217
31 years$1,851$1,311$909$619$416$191
32 years$1,774$1,240$848$569$377$167
33 years$1,701$1,174$792$523$341$146
34 years$1,633$1,113$740$482$309$129
35 years$1,569$1,056$692$443$280$113
36 years$1,509$1,002$647$408$253$99
37 years$1,452$952$606$376$230$87
38 years$1,398$904$567$347$208$76
39 years$1,347$860$531$320$189$67
40 years$1,299$818$498$295$171$59
41 years$1,253$779$467$272$155$52
42 years$1,209$742$438$251$141$45
43 years$1,168$707$411$232$128$40
44 years$1,129$674$386$214$116$35
45 years$1,091$642$362$198$105$31
46 years$1,055$613$340$183$96$27
47 years$1,021$585$320$169$87$24
48 years$989$558$300$156$79$21
49 years$957$533$282$144$72$18
50 years$928$509$265$133$65$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $950,000, adding $5,995 every year, while hoping to spend $27,786 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: 68/14/18 Blend
42$950,000$950,000$950,000$950,000
43$1,053,084$1,002,734$988,009$1,119,691
44$1,130,934$1,022,304$991,543$1,184,501
45$1,215,794$1,041,901$994,264$1,251,552
46$1,308,349$1,061,498$996,116$1,324,211
47$1,409,354$1,081,065$997,039$1,403,027
48$1,519,639$1,100,568$996,971$1,488,606
49$1,640,119$1,119,973$995,847$1,581,616
50$1,771,801$1,139,241$993,597$1,682,793
51$1,915,792$1,158,331$990,150$1,792,949
52$2,073,314$1,177,200$985,431$1,912,978
53$2,245,709$1,195,800$979,359$2,043,864
54$2,434,457$1,214,080$971,854$2,186,694
55$2,641,187$1,231,986$962,827$2,342,665
56$2,867,695$1,249,460$952,188$2,513,095
57$3,115,954$1,266,438$939,841$2,699,438
58$3,388,143$1,282,855$925,687$2,903,298
59$3,686,657$1,298,638$909,621$3,126,440
60$4,014,137$1,313,712$891,534$3,370,812
61$4,373,490$1,327,995$871,312$3,638,558
62$4,767,919$1,341,400$848,834$3,932,044
63$5,200,953$1,353,835$823,976$4,253,878
64$5,676,477$1,365,200$796,606$4,606,932
65$6,198,773$1,375,390$766,588$4,994,375
66$6,772,557$1,384,293$733,778$5,419,696
67$7,403,025$1,391,790$698,026$5,886,745
68$8,095,900$1,397,754$659,176$6,399,763
69$8,857,487$1,402,050$617,064$6,963,424
70$9,694,735$1,404,534$571,520$7,582,882
71$10,615,296$1,405,054$522,363$8,263,817
72$11,627,602$1,403,449$469,409$9,012,489
73$12,740,945$1,399,545$412,461$9,835,799
74$13,965,559$1,393,160$351,317$10,741,352
75$15,312,723$1,384,102$285,763$11,737,531
76$16,794,861$1,372,164$215,577$12,833,577
77$18,425,666$1,357,128$140,527$14,039,674
78$20,220,221$1,338,765$60,372$15,367,046
79$22,195,147$1,316,828$0$16,828,067
80$24,368,758$1,291,059$0$18,441,207
81$26,761,234$1,261,183$0$20,229,350
82$29,394,808$1,226,909$0$22,197,507
83$32,293,981$1,187,930$0$24,363,992
84$35,485,747$1,143,919$0$26,748,987
85$38,999,854$1,094,532$0$29,374,731
86$42,869,078$1,039,403$0$32,265,732
87$47,129,538$978,147$0$35,448,998
88$51,821,030$910,355$0$38,954,292
89$56,987,409$835,597$0$42,814,413
90$62,676,999$753,416$0$47,065,505
91$68,943,049$663,329$0$51,747,399
92$75,844,235$564,827$0$56,903,990
93$83,445,215$457,372$0$62,583,652
94$91,817,239$340,395$0$68,839,691
95$101,038,818$213,295$0$75,730,852
96$111,196,470$75,438$0$83,321,874
97$122,385,530$0$0$91,684,099
98$134,711,055$0$0$100,907,526
99$148,288,814$0$0$111,080,909
100$163,246,376$0$0$122,288,223