Can I retire at age 43 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$78,450$77,751$77,070$76,404$75,754$73,833
2 years$38,837$38,113$37,412$36,733$36,073$34,150
3 years$25,634$24,908$24,208$23,535$22,887$21,022
4 years$19,034$18,310$17,617$16,956$16,323$14,531
5 years$15,075$14,355$13,672$13,024$12,408$10,694
6 years$12,436$11,722$11,049$10,415$9,818$8,183
7 years$10,552$9,844$9,182$8,563$7,985$6,429
8 years$9,140$8,438$7,787$7,183$6,624$5,147
9 years$8,042$7,347$6,707$6,118$5,579$4,179
10 years$7,165$6,476$5,847$5,274$4,753$3,429
11 years$6,447$5,765$5,148$4,590$4,088$2,838
12 years$5,849$5,175$4,568$4,026$3,543$2,364
13 years$5,344$4,676$4,082$3,554$3,089$1,980
14 years$4,911$4,251$3,667$3,155$2,708$1,665
15 years$4,536$3,883$3,311$2,814$2,384$1,406
16 years$4,209$3,563$3,002$2,520$2,107$1,190
17 years$3,920$3,281$2,732$2,264$1,868$1,010
18 years$3,664$3,032$2,494$2,040$1,661$859
19 years$3,435$2,810$2,283$1,843$1,481$732
20 years$3,229$2,611$2,095$1,670$1,323$625
21 years$3,043$2,432$1,927$1,515$1,184$534
22 years$2,874$2,270$1,776$1,378$1,061$457
23 years$2,720$2,123$1,640$1,255$952$391
24 years$2,579$1,989$1,517$1,144$856$335
25 years$2,449$1,867$1,405$1,045$770$287
26 years$2,330$1,755$1,303$956$694$246
27 years$2,220$1,651$1,210$875$626$211
28 years$2,117$1,556$1,125$801$564$181
29 years$2,022$1,468$1,047$735$510$156
30 years$1,934$1,386$975$674$461$134
31 years$1,851$1,311$909$619$416$115
32 years$1,774$1,240$848$569$377$99
33 years$1,701$1,174$792$523$341$85
34 years$1,633$1,113$740$482$309$73
35 years$1,569$1,056$692$443$280$63
36 years$1,509$1,002$647$408$253$54
37 years$1,452$952$606$376$230$46
38 years$1,398$904$567$347$208$40
39 years$1,347$860$531$320$189$34
40 years$1,299$818$498$295$171$30
41 years$1,253$779$467$272$155$25
42 years$1,209$742$438$251$141$22
43 years$1,168$707$411$232$128$19
44 years$1,129$674$386$214$116$16
45 years$1,091$642$362$198$105$14
46 years$1,055$613$340$183$96$12
47 years$1,021$585$320$169$87$10
48 years$989$558$300$156$79$9
49 years$957$533$282$144$72$8
50 years$928$509$265$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $950,000, adding $4,589 every year, while hoping to spend $29,441 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: 60/20/20 Blend
42$950,000$950,000$950,000$950,000
43$1,051,634$1,001,284$986,559$1,108,963
44$1,127,575$1,019,021$988,283$1,166,056
45$1,210,276$1,036,642$989,079$1,224,675
46$1,300,395$1,054,108$988,884$1,287,965
47$1,398,656$1,071,380$987,632$1,356,381
48$1,505,856$1,088,415$985,255$1,430,429
49$1,622,874$1,105,168$981,682$1,510,664
50$1,750,675$1,121,589$976,836$1,597,700
51$1,890,324$1,137,627$970,640$1,692,212
52$2,042,991$1,153,224$963,010$1,794,946
53$2,209,965$1,168,321$953,860$1,906,723
54$2,392,666$1,182,854$943,099$2,028,451
55$2,592,657$1,196,753$930,632$2,161,129
56$2,811,660$1,209,945$916,360$2,305,859
57$3,051,568$1,222,352$900,177$2,463,856
58$3,314,471$1,233,890$881,976$2,636,460
59$3,602,667$1,244,470$861,642$2,825,150
60$3,918,688$1,253,998$839,056$3,031,555
61$4,265,321$1,262,371$814,092$3,257,472
62$4,645,640$1,269,483$786,620$3,504,883
63$5,063,027$1,275,220$756,503$3,775,971
64$5,521,208$1,279,458$723,598$4,073,147
65$6,024,289$1,282,069$687,757$4,399,066
66$6,576,792$1,282,916$648,822$4,756,658
67$7,183,698$1,281,852$606,631$5,149,152
68$7,850,495$1,278,722$561,012$5,580,108
69$8,583,228$1,273,362$511,789$6,053,453
70$9,388,557$1,265,597$458,773$6,573,516
71$10,273,819$1,255,241$401,772$7,145,068
72$11,247,099$1,242,097$340,581$7,773,372
73$12,317,301$1,225,959$274,989$8,464,229
74$13,494,239$1,206,604$204,774$9,224,035
75$14,788,723$1,183,798$129,705$10,059,840
76$16,212,663$1,157,295$49,541$10,979,420
77$17,779,183$1,126,831$0$11,991,343
78$19,502,741$1,092,128$0$13,112,742
79$21,399,271$1,052,892$0$14,358,130
80$23,486,325$1,008,812$0$15,728,465
81$25,783,245$959,558$0$17,236,466
82$28,311,342$904,783$0$18,896,151
83$31,094,098$844,117$0$20,722,968
84$34,157,388$777,170$0$22,733,944
85$37,529,722$703,532$0$24,947,842
86$41,242,515$622,766$0$27,385,342
87$45,330,383$534,413$0$30,069,235
88$49,831,469$437,986$0$33,024,640
89$54,787,803$332,972$0$36,279,238
90$60,245,700$218,828$0$39,863,537
91$66,256,192$94,982$0$43,811,162
92$72,875,516$0$0$48,159,166
93$80,165,638$0$0$52,957,010
94$88,194,842$0$0$58,264,392
95$97,038,374$0$0$64,110,159
96$106,779,146$0$0$70,549,132
97$117,508,528$0$0$77,641,722
98$129,327,200$0$0$85,454,498
99$142,346,110$0$0$94,060,817
100$156,687,517$0$0$103,541,515