Can I retire at age 43 with 960,000?

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 $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%14.1%
1 years$79,276$78,570$77,881$77,208$76,552$75,253
2 years$39,245$38,515$37,806$37,119$36,453$35,148
3 years$25,904$25,170$24,463$23,783$23,127$21,857
4 years$19,234$18,502$17,803$17,134$16,495$15,269
5 years$15,234$14,506$13,816$13,161$12,539$11,362
6 years$12,567$11,845$11,165$10,525$9,922$8,794
7 years$10,664$9,948$9,278$8,653$8,069$6,991
8 years$9,236$8,527$7,869$7,259$6,694$5,666
9 years$8,127$7,424$6,777$6,183$5,637$4,658
10 years$7,240$6,544$5,909$5,330$4,803$3,873
11 years$6,515$5,826$5,202$4,638$4,131$3,248
12 years$5,911$5,229$4,617$4,068$3,580$2,743
13 years$5,400$4,725$4,125$3,592$3,122$2,329
14 years$4,963$4,295$3,706$3,188$2,736$1,987
15 years$4,584$3,924$3,346$2,844$2,409$1,702
16 years$4,253$3,600$3,034$2,546$2,129$1,463
17 years$3,961$3,316$2,760$2,288$1,888$1,261
18 years$3,702$3,064$2,520$2,062$1,679$1,089
19 years$3,471$2,839$2,307$1,863$1,496$942
20 years$3,263$2,639$2,117$1,687$1,337$817
21 years$3,075$2,458$1,947$1,531$1,196$709
22 years$2,904$2,294$1,795$1,392$1,072$617
23 years$2,748$2,146$1,657$1,268$962$537
24 years$2,606$2,010$1,533$1,156$865$467
25 years$2,475$1,887$1,420$1,056$778$407
26 years$2,354$1,773$1,317$966$701$355
27 years$2,243$1,669$1,223$884$632$310
28 years$2,140$1,572$1,136$810$570$271
29 years$2,044$1,483$1,058$743$515$237
30 years$1,954$1,401$985$682$465$207
31 years$1,871$1,324$918$626$421$181
32 years$1,792$1,253$857$575$381$158
33 years$1,719$1,187$800$529$344$138
34 years$1,650$1,125$748$487$312$121
35 years$1,586$1,067$699$448$282$106
36 years$1,525$1,013$654$413$256$93
37 years$1,467$962$612$380$232$81
38 years$1,413$914$573$350$210$71
39 years$1,361$869$537$323$191$62
40 years$1,312$827$503$298$173$55
41 years$1,266$787$472$275$157$48
42 years$1,222$750$443$254$142$42
43 years$1,180$714$415$234$129$37
44 years$1,141$681$390$216$117$32
45 years$1,103$649$366$200$106$28
46 years$1,067$619$344$185$97$25
47 years$1,032$591$323$170$88$22
48 years$999$564$304$158$80$19
49 years$967$539$285$146$72$17
50 years$937$515$268$135$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $960,000, adding $2,538 every year, while hoping to spend $35,610 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: 54/20/26 Blend
42$960,000$960,000$960,000$960,000
43$1,060,538$1,009,658$994,778$1,110,045
44$1,130,824$1,021,242$990,214$1,156,056
45$1,207,086$1,032,201$984,304$1,202,237
46$1,289,895$1,042,466$976,965$1,251,787
47$1,379,881$1,051,963$968,110$1,305,043
48$1,477,736$1,060,616$957,649$1,362,375
49$1,584,221$1,068,342$945,486$1,424,194
50$1,700,174$1,075,053$931,522$1,490,953
51$1,826,516$1,080,655$915,652$1,563,154
52$1,964,262$1,085,049$897,768$1,641,349
53$2,114,529$1,088,128$877,755$1,726,151
54$2,278,545$1,089,781$855,494$1,818,235
55$2,457,663$1,089,887$830,860$1,918,347
56$2,653,373$1,088,319$803,722$2,027,312
57$2,867,314$1,084,943$773,943$2,146,041
58$3,101,290$1,079,616$741,380$2,275,540
59$3,357,289$1,072,185$705,884$2,416,918
60$3,637,500$1,062,489$667,299$2,571,403
61$3,944,332$1,050,358$625,461$2,740,350
62$4,280,439$1,035,611$580,198$2,925,253
63$4,648,743$1,018,055$531,334$3,127,763
64$5,052,462$997,487$478,682$3,349,703
65$5,495,142$973,693$422,046$3,593,086
66$5,980,686$946,443$361,224$3,860,131
67$6,513,394$915,497$296,003$4,153,291
68$7,098,002$880,599$226,161$4,475,270
69$7,739,729$841,478$151,468$4,829,055
70$8,444,320$797,849$71,681$5,217,941
71$9,218,106$749,409$0$5,645,563
72$10,068,060$695,838$0$6,119,670
73$11,001,866$636,798$0$6,662,418
74$12,027,987$571,931$0$7,258,860
75$13,155,745$500,860$0$7,914,466
76$14,395,414$423,184$0$8,635,262
77$15,758,308$338,483$0$9,427,895
78$17,256,897$246,309$0$10,299,689
79$18,904,916$146,194$0$11,258,719
80$20,717,499$37,639$0$12,313,887
81$22,711,320$0$0$13,475,003
82$24,904,751$0$0$14,770,464
83$27,318,034$0$0$16,204,990
84$29,973,471$0$0$17,783,567
85$32,895,636$0$0$19,520,818
86$36,111,605$0$0$21,432,854
87$39,651,212$0$0$23,537,425
88$43,547,330$0$0$25,854,094
89$47,836,181$0$0$28,404,411
90$52,557,676$0$0$31,212,127
91$57,755,793$0$0$34,303,410
92$63,478,990$0$0$37,707,094
93$69,780,665$0$0$41,454,953
94$76,719,656$0$0$45,581,999
95$84,360,796$0$0$50,126,810
96$92,775,529$0$0$55,131,899
97$102,042,577$0$0$60,644,110
98$112,248,688$0$0$66,715,062
99$123,489,453$0$0$73,401,636
100$135,870,204$0$0$80,766,513