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%12.8%
1 years$79,276$78,570$77,881$77,208$76,552$75,658
2 years$39,245$38,515$37,806$37,119$36,453$35,554
3 years$25,904$25,170$24,463$23,783$23,127$22,250
4 years$19,234$18,502$17,803$17,134$16,495$15,646
5 years$15,234$14,506$13,816$13,161$12,539$11,722
6 years$12,567$11,845$11,165$10,525$9,922$9,137
7 years$10,664$9,948$9,278$8,653$8,069$7,317
8 years$9,236$8,527$7,869$7,259$6,694$5,974
9 years$8,127$7,424$6,777$6,183$5,637$4,950
10 years$7,240$6,544$5,909$5,330$4,803$4,147
11 years$6,515$5,826$5,202$4,638$4,131$3,506
12 years$5,911$5,229$4,617$4,068$3,580$2,986
13 years$5,400$4,725$4,125$3,592$3,122$2,558
14 years$4,963$4,295$3,706$3,188$2,736$2,201
15 years$4,584$3,924$3,346$2,844$2,409$1,902
16 years$4,253$3,600$3,034$2,546$2,129$1,650
17 years$3,961$3,316$2,760$2,288$1,888$1,435
18 years$3,702$3,064$2,520$2,062$1,679$1,251
19 years$3,471$2,839$2,307$1,863$1,496$1,093
20 years$3,263$2,639$2,117$1,687$1,337$957
21 years$3,075$2,458$1,947$1,531$1,196$839
22 years$2,904$2,294$1,795$1,392$1,072$736
23 years$2,748$2,146$1,657$1,268$962$647
24 years$2,606$2,010$1,533$1,156$865$569
25 years$2,475$1,887$1,420$1,056$778$501
26 years$2,354$1,773$1,317$966$701$442
27 years$2,243$1,669$1,223$884$632$390
28 years$2,140$1,572$1,136$810$570$344
29 years$2,044$1,483$1,058$743$515$304
30 years$1,954$1,401$985$682$465$268
31 years$1,871$1,324$918$626$421$237
32 years$1,792$1,253$857$575$381$210
33 years$1,719$1,187$800$529$344$185
34 years$1,650$1,125$748$487$312$164
35 years$1,586$1,067$699$448$282$145
36 years$1,525$1,013$654$413$256$128
37 years$1,467$962$612$380$232$114
38 years$1,413$914$573$350$210$101
39 years$1,361$869$537$323$191$89
40 years$1,312$827$503$298$173$79
41 years$1,266$787$472$275$157$70
42 years$1,222$750$443$254$142$62
43 years$1,180$714$415$234$129$55
44 years$1,141$681$390$216$117$49
45 years$1,103$649$366$200$106$43
46 years$1,067$619$344$185$97$38
47 years$1,032$591$323$170$88$34
48 years$999$564$304$158$80$30
49 years$967$539$285$146$72$27
50 years$937$515$268$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $960,000, adding $5,898 every year, while hoping to spend $40,889 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: 87/7/6 Blend
42$960,000$960,000$960,000$960,000
43$1,064,004$1,013,124$998,244$1,155,825
44$1,129,027$1,019,261$988,179$1,222,662
45$1,199,311$1,024,329$976,407$1,289,818
46$1,275,351$1,028,232$962,827$1,362,298
47$1,357,690$1,030,867$947,334$1,440,609
48$1,446,922$1,032,128$929,818$1,525,308
49$1,543,705$1,031,899$910,164$1,617,008
50$1,648,759$1,030,059$888,251$1,716,385
51$1,762,879$1,026,477$863,953$1,824,181
52$1,886,935$1,021,018$837,139$1,941,216
53$2,021,889$1,013,534$807,670$2,068,390
54$2,168,797$1,003,873$775,402$2,206,697
55$2,328,821$991,869$740,184$2,357,229
56$2,503,239$977,349$701,859$2,521,189
57$2,693,460$960,129$660,261$2,699,905
58$2,901,033$940,015$615,220$2,894,836
59$3,127,662$916,800$566,553$3,107,592
60$3,375,225$890,265$514,075$3,339,943
61$3,645,789$860,178$457,587$3,593,843
62$3,941,628$826,296$396,885$3,871,443
63$4,265,248$788,359$331,755$4,175,111
64$4,619,407$746,092$261,972$4,507,459
65$5,007,142$699,205$187,303$4,871,363
66$5,431,797$647,393$107,505$5,269,992
67$5,897,056$590,331$22,322$5,706,837
68$6,406,974$527,676$0$6,185,746
69$6,966,020$459,066$0$6,715,350
70$7,579,112$384,119$0$7,297,738
71$8,251,670$302,429$0$7,936,647
72$8,989,663$213,571$0$8,637,767
73$9,799,666$117,093$0$9,407,370
74$10,688,920$12,519$0$10,252,363
75$11,665,403$0$0$11,180,358
76$12,737,903$0$0$12,207,495
77$13,916,101$0$0$13,336,928
78$15,210,662$0$0$14,577,917
79$16,633,334$0$0$15,941,728
80$18,197,061$0$0$17,440,768
81$19,916,102$0$0$19,088,709
82$21,806,169$0$0$20,900,613
83$23,884,569$0$0$22,893,074
84$26,170,372$0$0$25,084,376
85$28,684,588$0$0$27,494,660
86$31,450,367$0$0$30,146,122
87$34,493,214$0$0$33,063,213
88$37,841,232$0$0$36,272,876
89$41,525,382$0$0$39,804,797
90$45,579,783$0$0$43,691,685
91$50,042,025$0$0$47,969,580
92$54,953,529$0$0$52,678,192
93$60,359,934$0$0$57,861,278
94$66,311,528$0$0$63,567,051
95$72,863,723$0$0$69,848,636
96$80,077,578$0$0$76,764,572
97$88,020,370$0$0$84,379,361
98$96,766,237$0$0$92,764,081
99$106,396,867$0$0$101,997,049
100$117,002,276$0$0$112,164,568