Can I retire at age 45 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%17.1%
1 years$77,624$76,933$76,258$75,600$74,957$72,791
2 years$38,428$37,712$37,019$36,346$35,694$33,529
3 years$25,364$24,645$23,953$23,287$22,646$20,549
4 years$18,834$18,117$17,432$16,777$16,151$14,140
5 years$14,916$14,204$13,528$12,886$12,278$10,357
6 years$12,305$11,599$10,933$10,305$9,715$7,886
7 years$10,441$9,740$9,085$8,473$7,901$6,164
8 years$9,044$8,349$7,705$7,108$6,555$4,909
9 years$7,958$7,270$6,636$6,054$5,520$3,964
10 years$7,089$6,408$5,786$5,219$4,703$3,235
11 years$6,379$5,704$5,094$4,542$4,045$2,661
12 years$5,788$5,120$4,520$3,984$3,505$2,204
13 years$5,288$4,627$4,039$3,517$3,057$1,835
14 years$4,859$4,206$3,629$3,122$2,679$1,534
15 years$4,489$3,842$3,276$2,784$2,359$1,287
16 years$4,165$3,525$2,970$2,493$2,085$1,082
17 years$3,879$3,246$2,703$2,240$1,849$913
18 years$3,625$3,000$2,467$2,019$1,644$771
19 years$3,399$2,780$2,259$1,824$1,465$653
20 years$3,195$2,584$2,073$1,652$1,309$553
21 years$3,011$2,406$1,907$1,499$1,171$469
22 years$2,843$2,246$1,757$1,363$1,050$399
23 years$2,691$2,101$1,623$1,242$942$339
24 years$2,552$1,968$1,501$1,132$847$288
25 years$2,423$1,847$1,390$1,034$762$245
26 years$2,305$1,736$1,289$946$687$209
27 years$2,196$1,634$1,197$865$619$178
28 years$2,095$1,540$1,113$793$559$152
29 years$2,001$1,452$1,036$727$504$129
30 years$1,913$1,372$965$667$456$110
31 years$1,832$1,297$899$613$412$94
32 years$1,755$1,227$839$563$373$80
33 years$1,683$1,162$783$518$337$68
34 years$1,616$1,101$732$477$305$58
35 years$1,553$1,045$684$439$277$50
36 years$1,493$991$640$404$251$43
37 years$1,437$942$599$372$227$36
38 years$1,383$895$561$343$206$31
39 years$1,333$851$526$316$187$26
40 years$1,285$810$493$292$169$23
41 years$1,240$771$462$269$154$19
42 years$1,197$734$433$248$139$16
43 years$1,156$699$407$229$127$14
44 years$1,117$667$382$212$115$12
45 years$1,080$636$358$196$104$10
46 years$1,044$606$337$181$95$9
47 years$1,011$579$316$167$86$7
48 years$978$552$297$154$78$6
49 years$947$528$279$143$71$5
50 years$918$504$263$132$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $940,000, adding $2,570 every year, while hoping to spend $25,159 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: 56/18/26 Blend
44$940,000$940,000$940,000$940,000
45$1,038,531$988,711$974,141$1,089,150
46$1,117,692$1,010,389$980,006$1,145,867
47$1,204,085$1,032,286$985,224$1,204,782
48$1,298,419$1,054,386$989,747$1,268,451
49$1,401,479$1,076,671$993,524$1,337,341
50$1,514,125$1,099,124$996,502$1,411,966
51$1,637,306$1,121,722$998,626$1,492,892
52$1,772,068$1,144,442$999,836$1,580,745
53$1,919,559$1,167,260$1,000,071$1,676,212
54$2,081,047$1,190,149$999,266$1,780,054
55$2,257,926$1,213,078$997,354$1,893,105
56$2,451,732$1,236,016$994,263$2,016,290
57$2,664,156$1,258,929$989,918$2,150,626
58$2,897,061$1,281,777$984,242$2,297,235
59$3,152,500$1,304,523$977,152$2,457,352
60$3,432,731$1,327,120$968,562$2,632,341
61$3,740,244$1,349,524$958,384$2,823,706
62$4,077,780$1,371,682$946,521$3,033,103
63$4,448,361$1,393,541$932,876$3,262,360
64$4,855,311$1,415,043$917,346$3,513,490
65$5,302,298$1,436,124$899,821$3,788,716
66$5,793,356$1,456,719$880,190$4,090,485
67$6,332,935$1,476,755$858,333$4,421,497
68$6,925,934$1,496,155$834,126$4,784,728
69$7,577,750$1,514,837$807,440$5,183,458
70$8,294,330$1,532,714$778,139$5,621,305
71$9,082,227$1,549,692$746,082$6,102,256
72$9,948,658$1,565,671$711,120$6,630,707
73$10,901,577$1,580,545$673,098$7,211,505
74$11,949,745$1,594,199$631,854$7,849,991
75$13,102,817$1,606,512$587,219$8,552,056
76$14,371,430$1,617,357$539,016$9,324,192
77$15,767,303$1,626,594$487,060$10,173,556
78$17,303,349$1,634,079$431,159$11,108,038
79$18,993,798$1,639,656$371,109$12,136,334
80$20,854,326$1,643,159$306,702$13,268,033
81$22,902,207$1,644,414$237,716$14,513,701
82$25,156,475$1,643,233$163,923$15,884,990
83$27,638,103$1,639,420$85,082$17,394,739
84$30,370,201$1,632,762$943$19,057,104
85$33,378,233$1,623,039$0$20,887,686
86$36,690,257$1,610,013$0$22,928,333
87$40,337,192$1,593,432$0$25,175,233
88$44,353,108$1,573,033$0$27,649,099
89$48,775,545$1,548,531$0$30,373,045
90$53,645,870$1,519,629$0$33,372,542
91$59,009,669$1,486,010$0$36,675,661
92$64,917,170$1,447,340$0$40,313,336
93$71,423,725$1,403,263$0$44,319,657
94$78,590,325$1,353,403$0$48,732,192
95$86,484,183$1,297,365$0$53,592,343
96$95,179,359$1,234,725$0$58,945,735
97$104,757,469$1,165,042$0$64,842,648
98$115,308,444$1,087,842$0$71,338,494
99$126,931,389$1,002,630$0$78,494,335
100$139,735,511$908,879$0$86,377,466