Can I retire at age 43 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$79,276$78,570$77,881$77,208$76,552$73,689
2 years$39,245$38,515$37,806$37,119$36,453$33,602
3 years$25,904$25,170$24,463$23,783$23,127$20,377
4 years$19,234$18,502$17,803$17,134$16,495$13,867
5 years$15,234$14,506$13,816$13,161$12,539$10,040
6 years$12,567$11,845$11,165$10,525$9,922$7,553
7 years$10,664$9,948$9,278$8,653$8,069$5,830
8 years$9,236$8,527$7,869$7,259$6,694$4,583
9 years$8,127$7,424$6,777$6,183$5,637$3,651
10 years$7,240$6,544$5,909$5,330$4,803$2,939
11 years$6,515$5,826$5,202$4,638$4,131$2,383
12 years$5,911$5,229$4,617$4,068$3,580$1,945
13 years$5,400$4,725$4,125$3,592$3,122$1,595
14 years$4,963$4,295$3,706$3,188$2,736$1,313
15 years$4,584$3,924$3,346$2,844$2,409$1,085
16 years$4,253$3,600$3,034$2,546$2,129$898
17 years$3,961$3,316$2,760$2,288$1,888$745
18 years$3,702$3,064$2,520$2,062$1,679$619
19 years$3,471$2,839$2,307$1,863$1,496$516
20 years$3,263$2,639$2,117$1,687$1,337$430
21 years$3,075$2,458$1,947$1,531$1,196$358
22 years$2,904$2,294$1,795$1,392$1,072$299
23 years$2,748$2,146$1,657$1,268$962$250
24 years$2,606$2,010$1,533$1,156$865$209
25 years$2,475$1,887$1,420$1,056$778$175
26 years$2,354$1,773$1,317$966$701$146
27 years$2,243$1,669$1,223$884$632$122
28 years$2,140$1,572$1,136$810$570$102
29 years$2,044$1,483$1,058$743$515$86
30 years$1,954$1,401$985$682$465$72
31 years$1,871$1,324$918$626$421$60
32 years$1,792$1,253$857$575$381$50
33 years$1,719$1,187$800$529$344$42
34 years$1,650$1,125$748$487$312$35
35 years$1,586$1,067$699$448$282$30
36 years$1,525$1,013$654$413$256$25
37 years$1,467$962$612$380$232$21
38 years$1,413$914$573$350$210$17
39 years$1,361$869$537$323$191$15
40 years$1,312$827$503$298$173$12
41 years$1,266$787$472$275$157$10
42 years$1,222$750$443$254$142$9
43 years$1,180$714$415$234$129$7
44 years$1,141$681$390$216$117$6
45 years$1,103$649$366$200$106$5
46 years$1,067$619$344$185$97$4
47 years$1,032$591$323$170$88$4
48 years$999$564$304$158$80$3
49 years$967$539$285$146$72$2
50 years$937$515$268$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $960,000, adding $6,908 every year, while hoping to spend $24,081 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: 52/42/6 Blend
42$960,000$960,000$960,000$960,000
43$1,065,046$1,014,166$999,286$1,118,562
44$1,148,058$1,038,238$1,007,140$1,179,701
45$1,238,731$1,062,682$1,014,450$1,242,944
46$1,337,820$1,087,492$1,021,172$1,311,136
47$1,446,157$1,112,659$1,027,261$1,384,748
48$1,564,659$1,138,173$1,032,668$1,464,298
49$1,694,335$1,164,024$1,037,343$1,550,356
50$1,836,295$1,190,199$1,041,231$1,643,549
51$1,991,762$1,216,684$1,044,278$1,744,569
52$2,162,085$1,243,464$1,046,424$1,854,179
53$2,348,746$1,270,522$1,047,608$1,973,216
54$2,553,379$1,297,839$1,047,764$2,102,605
55$2,777,785$1,325,394$1,046,825$2,243,363
56$3,023,944$1,353,164$1,044,719$2,396,613
57$3,294,041$1,381,124$1,041,372$2,563,588
58$3,590,480$1,409,245$1,036,705$2,745,652
59$3,915,910$1,437,499$1,030,635$2,944,302
60$4,273,248$1,465,852$1,023,077$3,161,191
61$4,665,710$1,494,269$1,013,940$3,398,141
62$5,096,835$1,522,711$1,003,130$3,657,157
63$5,570,524$1,551,136$990,547$3,940,449
64$6,091,074$1,579,499$976,087$4,250,455
65$6,663,220$1,607,751$959,643$4,589,859
66$7,292,177$1,635,839$941,099$4,961,618
67$7,983,691$1,663,706$920,337$5,368,995
68$8,744,092$1,691,293$897,233$5,815,581
69$9,580,355$1,718,531$871,656$6,305,336
70$10,500,164$1,745,353$843,470$6,842,625
71$11,511,986$1,771,680$812,531$7,432,257
72$12,625,150$1,797,433$778,692$8,079,533
73$13,849,932$1,822,525$741,795$8,790,295
74$15,197,659$1,846,862$701,679$9,570,981
75$16,680,807$1,870,345$658,172$10,428,688
76$18,313,125$1,892,868$611,097$11,371,235
77$20,109,763$1,914,317$560,267$12,407,243
78$22,087,411$1,934,572$505,489$13,546,211
79$24,264,463$1,953,502$446,559$14,798,610
80$26,661,185$1,970,969$383,265$16,175,980
81$29,299,907$1,986,828$315,385$17,691,037
82$32,205,236$2,000,921$242,689$19,357,800
83$35,404,286$2,013,082$164,935$21,191,719
84$38,926,933$2,023,134$81,871$23,209,819
85$42,806,100$2,030,887$0$25,430,868
86$47,078,064$2,036,142$0$27,875,981
87$51,782,799$2,038,686$0$30,573,143
88$56,964,354$2,038,291$0$33,542,249
89$62,671,269$2,034,717$0$36,811,009
90$68,957,030$2,027,710$0$40,409,958
91$75,880,577$2,016,999$0$44,372,755
92$83,506,860$2,002,295$0$48,736,488
93$91,907,446$1,983,294$0$53,542,038
94$101,161,204$1,959,674$0$58,834,454
95$111,355,039$1,931,090$0$64,663,388
96$122,584,720$1,897,181$0$71,083,559
97$134,955,781$1,857,562$0$78,155,271
98$148,584,513$1,811,825$0$85,944,985
99$163,599,067$1,759,539$0$94,525,948
100$180,140,663$1,700,247$0$103,978,882