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%16.6%
1 years$79,276$78,570$77,881$77,208$76,552$74,490
2 years$39,245$38,515$37,806$37,119$36,453$34,390
3 years$25,904$25,170$24,463$23,783$23,127$21,128
4 years$19,234$18,502$17,803$17,134$16,495$14,575
5 years$15,234$14,506$13,816$13,161$12,539$10,704
6 years$12,567$11,845$11,165$10,525$9,922$8,173
7 years$10,664$9,948$9,278$8,653$8,069$6,406
8 years$9,236$8,527$7,869$7,259$6,694$5,117
9 years$8,127$7,424$6,777$6,183$5,637$4,144
10 years$7,240$6,544$5,909$5,330$4,803$3,392
11 years$6,515$5,826$5,202$4,638$4,131$2,800
12 years$5,911$5,229$4,617$4,068$3,580$2,326
13 years$5,400$4,725$4,125$3,592$3,122$1,943
14 years$4,963$4,295$3,706$3,188$2,736$1,630
15 years$4,584$3,924$3,346$2,844$2,409$1,372
16 years$4,253$3,600$3,034$2,546$2,129$1,159
17 years$3,961$3,316$2,760$2,288$1,888$981
18 years$3,702$3,064$2,520$2,062$1,679$832
19 years$3,471$2,839$2,307$1,863$1,496$706
20 years$3,263$2,639$2,117$1,687$1,337$601
21 years$3,075$2,458$1,947$1,531$1,196$512
22 years$2,904$2,294$1,795$1,392$1,072$436
23 years$2,748$2,146$1,657$1,268$962$372
24 years$2,606$2,010$1,533$1,156$865$318
25 years$2,475$1,887$1,420$1,056$778$272
26 years$2,354$1,773$1,317$966$701$232
27 years$2,243$1,669$1,223$884$632$199
28 years$2,140$1,572$1,136$810$570$170
29 years$2,044$1,483$1,058$743$515$146
30 years$1,954$1,401$985$682$465$125
31 years$1,871$1,324$918$626$421$107
32 years$1,792$1,253$857$575$381$91
33 years$1,719$1,187$800$529$344$78
34 years$1,650$1,125$748$487$312$67
35 years$1,586$1,067$699$448$282$58
36 years$1,525$1,013$654$413$256$49
37 years$1,467$962$612$380$232$42
38 years$1,413$914$573$350$210$36
39 years$1,361$869$537$323$191$31
40 years$1,312$827$503$298$173$27
41 years$1,266$787$472$275$157$23
42 years$1,222$750$443$254$142$20
43 years$1,180$714$415$234$129$17
44 years$1,141$681$390$216$117$14
45 years$1,103$649$366$200$106$12
46 years$1,067$619$344$185$97$11
47 years$1,032$591$323$170$88$9
48 years$999$564$304$158$80$8
49 years$967$539$285$146$72$7
50 years$937$515$268$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 43 starting with $960,000, adding $3,568 every year, while hoping to spend $24,574 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: 53/19/28 Blend
42$960,000$960,000$960,000$960,000
43$1,061,600$1,010,720$995,840$1,109,394
44$1,143,737$1,034,099$1,003,054$1,166,283
45$1,233,428$1,057,800$1,009,687$1,225,371
46$1,331,418$1,081,812$1,015,691$1,289,189
47$1,438,527$1,106,125$1,021,021$1,358,198
48$1,555,656$1,130,725$1,025,625$1,432,910
49$1,683,801$1,155,598$1,029,451$1,513,887
50$1,824,055$1,180,729$1,032,444$1,601,748
51$1,977,622$1,206,098$1,034,545$1,697,177
52$2,145,830$1,231,687$1,035,692$1,800,927
53$2,330,139$1,257,475$1,035,823$1,913,830
54$2,532,160$1,283,437$1,034,869$2,036,799
55$2,753,663$1,309,549$1,032,760$2,170,846
56$2,996,601$1,335,781$1,029,422$2,317,084
57$3,263,124$1,362,104$1,024,778$2,476,738
58$3,555,600$1,388,484$1,018,745$2,651,163
59$3,876,637$1,414,886$1,011,238$2,841,850
60$4,229,108$1,441,269$1,002,169$3,050,444
61$4,616,178$1,467,592$991,442$3,278,757
62$5,041,334$1,493,810$978,962$3,528,789
63$5,508,416$1,519,874$964,623$3,802,743
64$6,021,657$1,545,729$948,320$4,103,050
65$6,585,716$1,571,320$929,939$4,432,387
66$7,205,730$1,596,586$909,363$4,793,709
67$7,887,355$1,621,459$886,467$5,190,270
68$8,636,826$1,645,871$861,124$5,625,659
69$9,461,008$1,669,745$833,199$6,103,835
70$10,367,470$1,693,001$802,549$6,629,158
71$11,364,545$1,715,552$769,028$7,206,439
72$12,461,419$1,737,304$732,481$7,840,977
73$13,668,212$1,758,160$692,747$8,538,618
74$14,996,073$1,778,014$649,658$9,305,803
75$16,457,287$1,796,751$603,036$10,149,635
76$18,065,392$1,814,253$552,699$11,077,943
77$19,835,301$1,830,390$498,453$12,099,357
78$21,783,448$1,845,027$440,098$13,223,389
79$23,927,943$1,858,016$377,424$14,460,527
80$26,288,737$1,869,203$310,212$15,822,329
81$28,887,817$1,878,422$238,233$17,321,539
82$31,749,408$1,885,499$161,248$18,972,201
83$34,900,206$1,890,246$79,007$20,789,798
84$38,369,623$1,892,465$0$22,791,394
85$42,190,074$1,891,945$0$24,998,417
86$46,397,273$1,888,462$0$27,454,344
87$51,030,577$1,881,778$0$30,158,482
88$56,133,352$1,871,642$0$33,136,112
89$61,753,387$1,857,785$0$36,415,089
90$67,943,340$1,839,923$0$40,026,113
91$74,761,237$1,817,757$0$44,003,013
92$82,271,023$1,790,966$0$48,383,072
93$90,543,156$1,759,212$0$53,207,375
94$99,655,283$1,722,139$0$58,521,199
95$109,692,963$1,679,365$0$64,374,440
96$120,750,482$1,630,490$0$70,822,085
97$132,931,735$1,575,088$0$77,924,731
98$146,351,215$1,512,710$0$85,749,157
99$161,135,085$1,442,880$0$94,368,954
100$177,422,376$1,365,093$0$103,865,223