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%15.7%
1 years$79,276$78,570$77,881$77,208$76,552$74,762
2 years$39,245$38,515$37,806$37,119$36,453$34,660
3 years$25,904$25,170$24,463$23,783$23,127$21,387
4 years$19,234$18,502$17,803$17,134$16,495$14,821
5 years$15,234$14,506$13,816$13,161$12,539$10,936
6 years$12,567$11,845$11,165$10,525$9,922$8,391
7 years$10,664$9,948$9,278$8,653$8,069$6,611
8 years$9,236$8,527$7,869$7,259$6,694$5,308
9 years$8,127$7,424$6,777$6,183$5,637$4,323
10 years$7,240$6,544$5,909$5,330$4,803$3,558
11 years$6,515$5,826$5,202$4,638$4,131$2,954
12 years$5,911$5,229$4,617$4,068$3,580$2,469
13 years$5,400$4,725$4,125$3,592$3,122$2,075
14 years$4,963$4,295$3,706$3,188$2,736$1,751
15 years$4,584$3,924$3,346$2,844$2,409$1,483
16 years$4,253$3,600$3,034$2,546$2,129$1,261
17 years$3,961$3,316$2,760$2,288$1,888$1,074
18 years$3,702$3,064$2,520$2,062$1,679$917
19 years$3,471$2,839$2,307$1,863$1,496$784
20 years$3,263$2,639$2,117$1,687$1,337$672
21 years$3,075$2,458$1,947$1,531$1,196$576
22 years$2,904$2,294$1,795$1,392$1,072$495
23 years$2,748$2,146$1,657$1,268$962$425
24 years$2,606$2,010$1,533$1,156$865$366
25 years$2,475$1,887$1,420$1,056$778$315
26 years$2,354$1,773$1,317$966$701$271
27 years$2,243$1,669$1,223$884$632$233
28 years$2,140$1,572$1,136$810$570$201
29 years$2,044$1,483$1,058$743$515$173
30 years$1,954$1,401$985$682$465$150
31 years$1,871$1,324$918$626$421$129
32 years$1,792$1,253$857$575$381$111
33 years$1,719$1,187$800$529$344$96
34 years$1,650$1,125$748$487$312$83
35 years$1,586$1,067$699$448$282$72
36 years$1,525$1,013$654$413$256$62
37 years$1,467$962$612$380$232$53
38 years$1,413$914$573$350$210$46
39 years$1,361$869$537$323$191$40
40 years$1,312$827$503$298$173$34
41 years$1,266$787$472$275$157$30
42 years$1,222$750$443$254$142$26
43 years$1,180$714$415$234$129$22
44 years$1,141$681$390$216$117$19
45 years$1,103$649$366$200$106$17
46 years$1,067$619$344$185$97$14
47 years$1,032$591$323$170$88$12
48 years$999$564$304$158$80$11
49 years$967$539$285$146$72$9
50 years$937$515$268$135$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $960,000, adding $6,510 every year, while hoping to spend $53,801 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: 65/27/8 Blend
42$960,000$960,000$960,000$960,000
43$1,064,635$1,013,755$998,875$1,131,759
44$1,115,984$1,006,185$975,094$1,169,688
45$1,170,767$996,441$948,712$1,204,136
46$1,229,279$984,360$919,587$1,240,371
47$1,291,839$969,768$887,568$1,278,561
48$1,358,802$952,482$852,496$1,318,894
49$1,430,554$932,308$814,209$1,361,578
50$1,507,519$909,039$772,534$1,406,845
51$1,590,163$882,459$727,290$1,454,952
52$1,678,995$852,335$678,290$1,506,184
53$1,774,578$818,425$625,338$1,560,857
54$1,877,526$780,469$568,228$1,619,323
55$1,988,517$738,194$506,746$1,681,970
56$2,108,291$691,312$440,669$1,749,232
57$2,237,667$639,516$369,761$1,821,586
58$2,377,541$582,484$293,779$1,899,564
59$2,528,897$519,873$212,469$1,983,753
60$2,692,821$451,324$125,563$2,074,808
61$2,870,504$376,453$32,784$2,173,449
62$3,063,255$294,859$0$2,280,477
63$3,272,516$206,116$0$2,402,432
64$3,499,870$109,773$0$2,537,998
65$3,747,062$5,357$0$2,685,486
66$4,016,008$0$0$2,846,128
67$4,308,820$0$0$3,053,266
68$4,627,819$0$0$3,280,721
69$4,975,560$0$0$3,528,730
70$5,354,855$0$0$3,799,309
71$5,768,799$0$0$4,094,671
72$6,220,800$0$0$4,417,258
73$6,714,608$0$0$4,769,753
74$7,254,352$0$0$5,155,114
75$7,844,577$0$0$5,576,596
76$8,490,290$0$0$6,037,782
77$9,197,000$0$0$6,542,618
78$9,970,777$0$0$7,095,451
79$10,818,303$0$0$7,701,065
80$11,746,938$0$0$8,364,732
81$12,764,787$0$0$9,092,254
82$13,880,775$0$0$9,890,025
83$15,104,734$0$0$10,765,085
84$16,447,493$0$0$11,725,188
85$17,920,979$0$0$12,778,878
86$19,538,330$0$0$13,935,561
87$21,314,016$0$0$15,205,604
88$23,263,980$0$0$16,600,422
89$25,405,783$0$0$18,132,592
90$27,758,769$0$0$19,815,971
91$30,344,249$0$0$21,665,820
92$33,185,703$0$0$23,698,955
93$36,308,994$0$0$25,933,902
94$39,742,619$0$0$28,391,070
95$43,517,972$0$0$31,092,943
96$47,669,642$0$0$34,064,297
97$52,235,737$0$0$37,332,424
98$57,258,243$0$0$40,927,398
99$62,783,419$0$0$44,882,351
100$68,862,237$0$0$49,233,792