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%15%
1 years$78,450$77,751$77,070$76,404$75,754$74,194
2 years$38,837$38,113$37,412$36,733$36,073$34,509
3 years$25,634$24,908$24,208$23,535$22,887$21,366
4 years$19,034$18,310$17,617$16,956$16,323$14,859
5 years$15,075$14,355$13,672$13,024$12,408$11,004
6 years$12,436$11,722$11,049$10,415$9,818$8,476
7 years$10,552$9,844$9,182$8,563$7,985$6,704
8 years$9,140$8,438$7,787$7,183$6,624$5,405
9 years$8,042$7,347$6,707$6,118$5,579$4,420
10 years$7,165$6,476$5,847$5,274$4,753$3,654
11 years$6,447$5,765$5,148$4,590$4,088$3,047
12 years$5,849$5,175$4,568$4,026$3,543$2,558
13 years$5,344$4,676$4,082$3,554$3,089$2,160
14 years$4,911$4,251$3,667$3,155$2,708$1,832
15 years$4,536$3,883$3,311$2,814$2,384$1,559
16 years$4,209$3,563$3,002$2,520$2,107$1,332
17 years$3,920$3,281$2,732$2,264$1,868$1,140
18 years$3,664$3,032$2,494$2,040$1,661$978
19 years$3,435$2,810$2,283$1,843$1,481$841
20 years$3,229$2,611$2,095$1,670$1,323$724
21 years$3,043$2,432$1,927$1,515$1,184$624
22 years$2,874$2,270$1,776$1,378$1,061$539
23 years$2,720$2,123$1,640$1,255$952$466
24 years$2,579$1,989$1,517$1,144$856$403
25 years$2,449$1,867$1,405$1,045$770$349
26 years$2,330$1,755$1,303$956$694$302
27 years$2,220$1,651$1,210$875$626$262
28 years$2,117$1,556$1,125$801$564$227
29 years$2,022$1,468$1,047$735$510$197
30 years$1,934$1,386$975$674$461$171
31 years$1,851$1,311$909$619$416$148
32 years$1,774$1,240$848$569$377$129
33 years$1,701$1,174$792$523$341$112
34 years$1,633$1,113$740$482$309$97
35 years$1,569$1,056$692$443$280$84
36 years$1,509$1,002$647$408$253$73
37 years$1,452$952$606$376$230$64
38 years$1,398$904$567$347$208$55
39 years$1,347$860$531$320$189$48
40 years$1,299$818$498$295$171$42
41 years$1,253$779$467$272$155$36
42 years$1,209$742$438$251$141$32
43 years$1,168$707$411$232$128$27
44 years$1,129$674$386$214$116$24
45 years$1,091$642$362$198$105$21
46 years$1,055$613$340$183$96$18
47 years$1,021$585$320$169$87$16
48 years$989$558$300$156$79$14
49 years$957$533$282$144$72$12
50 years$928$509$265$133$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $950,000, adding $6,506 every year, while hoping to spend $45,808 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: 61/20/19 Blend
42$950,000$950,000$950,000$950,000
43$1,053,611$1,003,261$988,536$1,112,330
44$1,112,340$1,003,681$972,913$1,153,176
45$1,175,524$1,002,587$955,230$1,192,068
46$1,243,569$999,856$935,372$1,233,461
47$1,316,921$995,357$913,216$1,277,603
48$1,396,070$988,952$888,631$1,324,770
49$1,481,555$980,496$861,486$1,375,266
50$1,573,966$969,833$831,638$1,429,428
51$1,673,953$956,797$798,941$1,487,632
52$1,782,232$941,216$763,241$1,550,289
53$1,899,587$922,903$724,377$1,617,858
54$2,026,883$901,664$682,182$1,690,847
55$2,165,070$877,290$636,479$1,769,815
56$2,315,192$849,562$587,087$1,855,383
57$2,478,400$818,249$533,812$1,948,238
58$2,655,956$783,103$476,454$2,049,138
59$2,849,254$743,865$414,805$2,158,925
60$3,059,823$700,259$348,647$2,278,525
61$3,289,348$651,995$277,750$2,408,967
62$3,539,684$598,765$201,877$2,551,385
63$3,812,871$540,244$120,779$2,707,035
64$4,111,155$476,088$34,196$2,877,303
65$4,437,010$405,933$0$3,063,722
66$4,793,157$329,395$0$3,279,786
67$5,182,593$246,070$0$3,523,734
68$5,608,619$155,529$0$3,790,752
69$6,074,868$57,320$0$4,083,188
70$6,585,341$0$0$4,403,631
71$7,144,442$0$0$4,765,728
72$7,757,026$0$0$5,176,356
73$8,428,434$0$0$5,626,491
74$9,164,552$0$0$6,120,087
75$9,971,861$0$0$6,661,500
76$10,857,500$0$0$7,255,529
77$11,829,332$0$0$7,907,456
78$12,896,019$0$0$8,623,104
79$14,067,101$0$0$9,408,884
80$15,353,087$0$0$10,271,859
81$16,765,555$0$0$11,219,812
82$18,317,258$0$0$12,261,312
83$20,022,245$0$0$13,405,803
84$21,895,995$0$0$14,663,689
85$23,955,559$0$0$16,046,429
86$26,219,723$0$0$17,566,650
87$28,709,184$0$0$19,238,264
88$31,446,743$0$0$21,076,597
89$34,457,525$0$0$23,098,535
90$37,769,207$0$0$25,322,682
91$41,412,287$0$0$27,769,537
92$45,420,366$0$0$30,461,686
93$49,830,465$0$0$33,424,013
94$54,683,377$0$0$36,683,937
95$60,024,047$0$0$40,271,670
96$65,902,000$0$0$44,220,500
97$72,371,801$0$0$48,567,105
98$79,493,578$0$0$53,351,902
99$87,333,582$0$0$58,619,423
100$95,964,813$0$0$64,418,739