Can I retire at age 43 with 940,000?

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 $940,000?

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$77,624$76,933$76,258$75,600$74,957$74,082
2 years$38,428$37,712$37,019$36,346$35,694$34,813
3 years$25,364$24,645$23,953$23,287$22,646$21,786
4 years$18,834$18,117$17,432$16,777$16,151$15,320
5 years$14,916$14,204$13,528$12,886$12,278$11,477
6 years$12,305$11,599$10,933$10,305$9,715$8,946
7 years$10,441$9,740$9,085$8,473$7,901$7,164
8 years$9,044$8,349$7,705$7,108$6,555$5,850
9 years$7,958$7,270$6,636$6,054$5,520$4,847
10 years$7,089$6,408$5,786$5,219$4,703$4,061
11 years$6,379$5,704$5,094$4,542$4,045$3,433
12 years$5,788$5,120$4,520$3,984$3,505$2,924
13 years$5,288$4,627$4,039$3,517$3,057$2,504
14 years$4,859$4,206$3,629$3,122$2,679$2,156
15 years$4,489$3,842$3,276$2,784$2,359$1,863
16 years$4,165$3,525$2,970$2,493$2,085$1,615
17 years$3,879$3,246$2,703$2,240$1,849$1,405
18 years$3,625$3,000$2,467$2,019$1,644$1,225
19 years$3,399$2,780$2,259$1,824$1,465$1,070
20 years$3,195$2,584$2,073$1,652$1,309$937
21 years$3,011$2,406$1,907$1,499$1,171$821
22 years$2,843$2,246$1,757$1,363$1,050$721
23 years$2,691$2,101$1,623$1,242$942$634
24 years$2,552$1,968$1,501$1,132$847$558
25 years$2,423$1,847$1,390$1,034$762$491
26 years$2,305$1,736$1,289$946$687$433
27 years$2,196$1,634$1,197$865$619$382
28 years$2,095$1,540$1,113$793$559$337
29 years$2,001$1,452$1,036$727$504$297
30 years$1,913$1,372$965$667$456$263
31 years$1,832$1,297$899$613$412$232
32 years$1,755$1,227$839$563$373$205
33 years$1,683$1,162$783$518$337$182
34 years$1,616$1,101$732$477$305$161
35 years$1,553$1,045$684$439$277$142
36 years$1,493$991$640$404$251$126
37 years$1,437$942$599$372$227$111
38 years$1,383$895$561$343$206$99
39 years$1,333$851$526$316$187$87
40 years$1,285$810$493$292$169$77
41 years$1,240$771$462$269$154$68
42 years$1,197$734$433$248$139$61
43 years$1,156$699$407$229$127$54
44 years$1,117$667$382$212$115$48
45 years$1,080$636$358$196$104$42
46 years$1,044$606$337$181$95$37
47 years$1,011$579$316$167$86$33
48 years$978$552$297$154$78$29
49 years$947$528$279$143$71$26
50 years$918$504$263$132$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $940,000, adding $4,100 every year, while hoping to spend $34,466 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: 45/28/27 Blend
42$940,000$940,000$940,000$940,000
43$1,040,109$990,289$975,719$1,078,637
44$1,109,529$1,002,142$971,734$1,118,240
45$1,184,874$1,013,420$966,461$1,157,524
46$1,266,713$1,024,059$959,819$1,199,461
47$1,355,670$1,033,991$951,725$1,244,318
48$1,452,433$1,043,141$942,093$1,292,390
49$1,557,759$1,051,432$930,830$1,344,003
50$1,672,478$1,058,781$917,841$1,399,519
51$1,797,508$1,065,098$903,026$1,459,338
52$1,933,856$1,070,289$886,279$1,523,903
53$2,082,630$1,074,255$867,490$1,593,704
54$2,245,052$1,076,887$846,545$1,669,283
55$2,422,466$1,078,073$823,323$1,751,239
56$2,616,352$1,077,693$797,699$1,840,236
57$2,828,338$1,075,618$769,540$1,937,008
58$3,060,218$1,071,713$738,709$2,042,366
59$3,313,966$1,065,833$705,061$2,157,206
60$3,591,757$1,057,825$668,448$2,282,520
61$3,895,986$1,047,528$628,710$2,419,404
62$4,229,288$1,034,769$585,684$2,569,069
63$4,594,569$1,019,366$539,198$2,732,855
64$4,995,026$1,001,126$489,072$2,912,240
65$5,434,182$979,844$435,119$3,108,858
66$5,915,916$955,304$377,143$3,324,516
67$6,444,502$927,276$314,939$3,561,209
68$7,024,646$895,517$248,294$3,821,139
69$7,661,533$859,771$176,985$4,106,740
70$8,360,874$819,764$100,779$4,420,700
71$9,128,960$775,210$19,433$4,765,986
72$9,972,723$725,804$0$5,145,876
73$10,899,797$671,225$0$5,583,397
74$11,918,592$611,131$0$6,070,370
75$13,038,376$545,164$0$6,605,678
76$14,269,357$472,943$0$7,194,273
77$15,622,781$394,067$0$7,841,613
78$17,111,040$308,112$0$8,553,718
79$18,747,785$214,628$0$9,337,224
80$20,548,058$113,144$0$10,199,452
81$22,528,431$3,159$0$11,148,472
82$24,707,163$0$0$12,193,183
83$27,104,372$0$0$13,379,093
84$29,742,224$0$0$14,685,252
85$32,645,143$0$0$16,122,796
86$35,840,040$0$0$17,705,069
87$39,356,566$0$0$19,446,772
88$43,227,395$0$0$21,364,106
89$47,488,527$0$0$23,474,922
90$52,179,630$0$0$25,798,889
91$57,344,415$0$0$28,357,681
92$63,031,046$0$0$31,175,180
93$69,292,594$0$0$34,277,701
94$76,187,541$0$0$37,694,243
95$83,780,325$0$0$41,456,760
96$92,141,956$0$0$45,600,460
97$101,350,678$0$0$50,164,144
98$111,492,712$0$0$55,190,566
99$122,663,069$0$0$60,726,838
100$134,966,441$0$0$66,824,874