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%13.8%
1 years$79,276$78,570$77,881$77,208$76,552$75,346
2 years$39,245$38,515$37,806$37,119$36,453$35,241
3 years$25,904$25,170$24,463$23,783$23,127$21,947
4 years$19,234$18,502$17,803$17,134$16,495$15,355
5 years$15,234$14,506$13,816$13,161$12,539$11,444
6 years$12,567$11,845$11,165$10,525$9,922$8,872
7 years$10,664$9,948$9,278$8,653$8,069$7,065
8 years$9,236$8,527$7,869$7,259$6,694$5,736
9 years$8,127$7,424$6,777$6,183$5,637$4,724
10 years$7,240$6,544$5,909$5,330$4,803$3,935
11 years$6,515$5,826$5,202$4,638$4,131$3,306
12 years$5,911$5,229$4,617$4,068$3,580$2,797
13 years$5,400$4,725$4,125$3,592$3,122$2,380
14 years$4,963$4,295$3,706$3,188$2,736$2,035
15 years$4,584$3,924$3,346$2,844$2,409$1,747
16 years$4,253$3,600$3,034$2,546$2,129$1,504
17 years$3,961$3,316$2,760$2,288$1,888$1,299
18 years$3,702$3,064$2,520$2,062$1,679$1,125
19 years$3,471$2,839$2,307$1,863$1,496$975
20 years$3,263$2,639$2,117$1,687$1,337$847
21 years$3,075$2,458$1,947$1,531$1,196$737
22 years$2,904$2,294$1,795$1,392$1,072$642
23 years$2,748$2,146$1,657$1,268$962$560
24 years$2,606$2,010$1,533$1,156$865$489
25 years$2,475$1,887$1,420$1,056$778$427
26 years$2,354$1,773$1,317$966$701$374
27 years$2,243$1,669$1,223$884$632$327
28 years$2,140$1,572$1,136$810$570$286
29 years$2,044$1,483$1,058$743$515$251
30 years$1,954$1,401$985$682$465$220
31 years$1,871$1,324$918$626$421$193
32 years$1,792$1,253$857$575$381$169
33 years$1,719$1,187$800$529$344$148
34 years$1,650$1,125$748$487$312$130
35 years$1,586$1,067$699$448$282$114
36 years$1,525$1,013$654$413$256$100
37 years$1,467$962$612$380$232$88
38 years$1,413$914$573$350$210$77
39 years$1,361$869$537$323$191$68
40 years$1,312$827$503$298$173$59
41 years$1,266$787$472$275$157$52
42 years$1,222$750$443$254$142$46
43 years$1,180$714$415$234$129$40
44 years$1,141$681$390$216$117$35
45 years$1,103$649$366$200$106$31
46 years$1,067$619$344$185$97$27
47 years$1,032$591$323$170$88$24
48 years$999$564$304$158$80$21
49 years$967$539$285$146$72$18
50 years$937$515$268$135$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $960,000, adding $5,002 every year, while hoping to spend $35,790 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: 66/16/18 Blend
42$960,000$960,000$960,000$960,000
43$1,063,080$1,012,200$997,320$1,128,199
44$1,133,433$1,023,717$992,649$1,183,944
45$1,209,764$1,034,599$986,623$1,240,263
46$1,292,643$1,044,778$979,158$1,300,963
47$1,382,699$1,054,178$970,167$1,366,471
48$1,480,624$1,062,723$959,557$1,437,261
49$1,587,180$1,070,329$947,235$1,513,856
50$1,703,204$1,076,906$933,098$1,596,830
51$1,829,617$1,082,361$917,044$1,686,819
52$1,967,434$1,086,593$898,961$1,784,524
53$2,117,771$1,089,495$878,735$1,890,716
54$2,281,857$1,090,953$856,245$2,006,249
55$2,461,044$1,090,847$831,367$2,132,062
56$2,656,820$1,089,049$803,968$2,269,192
57$2,870,826$1,085,422$773,911$2,418,784
58$3,104,864$1,079,823$741,051$2,582,098
59$3,360,924$1,072,097$705,239$2,760,526
60$3,641,191$1,062,082$666,318$2,955,604
61$3,948,075$1,049,607$624,122$3,169,023
62$4,284,228$1,034,488$578,480$3,402,651
63$4,652,574$1,016,532$529,213$3,658,547
64$5,056,328$995,533$476,134$3,938,983
65$5,499,034$971,276$419,045$4,246,462
66$5,984,596$943,528$357,744$4,583,746
67$6,517,312$912,049$292,015$4,953,883
68$7,101,917$876,578$221,637$5,360,231
69$7,743,627$836,845$146,376$5,806,494
70$8,448,187$792,560$65,989$6,296,759
71$9,221,925$743,418$0$6,835,529
72$10,071,813$689,097$0$7,431,575
73$11,005,531$629,256$0$8,100,343
74$12,031,539$563,534$0$8,835,240
75$13,159,159$491,550$0$9,642,980
76$14,398,659$412,902$0$10,530,963
77$15,761,352$327,164$0$11,507,348
78$17,259,701$233,886$0$12,581,121
79$18,907,439$132,595$0$13,762,192
80$20,719,694$22,789$0$15,061,480
81$22,713,136$0$0$16,491,018
82$24,906,130$0$0$18,080,983
83$27,318,911$0$0$19,834,785
84$29,973,775$0$0$21,764,624
85$32,895,288$0$0$23,888,368
86$36,110,517$0$0$26,225,702
87$39,649,287$0$0$28,798,316
88$43,544,459$0$0$31,630,112
89$47,832,244$0$0$34,747,423
90$52,552,540$0$0$38,179,268
91$57,749,310$0$0$41,957,621
92$63,470,997$0$0$46,117,713
93$69,770,982$0$0$50,698,368
94$76,708,082$0$0$55,742,365
95$84,347,110$0$0$61,296,841
96$92,759,486$0$0$67,413,739
97$102,023,907$0$0$74,150,297
98$112,227,091$0$0$81,569,585
99$123,464,598$0$0$89,741,103
100$135,841,727$0$0$98,741,435