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%18.2%
1 years$77,624$76,933$76,258$75,600$74,957$72,471
2 years$38,428$37,712$37,019$36,346$35,694$33,213
3 years$25,364$24,645$23,953$23,287$22,646$20,248
4 years$18,834$18,117$17,432$16,777$16,151$13,855
5 years$14,916$14,204$13,528$12,886$12,278$10,090
6 years$12,305$11,599$10,933$10,305$9,715$7,637
7 years$10,441$9,740$9,085$8,473$7,901$5,932
8 years$9,044$8,349$7,705$7,108$6,555$4,694
9 years$7,958$7,270$6,636$6,054$5,520$3,765
10 years$7,089$6,408$5,786$5,219$4,703$3,051
11 years$6,379$5,704$5,094$4,542$4,045$2,492
12 years$5,788$5,120$4,520$3,984$3,505$2,049
13 years$5,288$4,627$4,039$3,517$3,057$1,693
14 years$4,859$4,206$3,629$3,122$2,679$1,405
15 years$4,489$3,842$3,276$2,784$2,359$1,169
16 years$4,165$3,525$2,970$2,493$2,085$976
17 years$3,879$3,246$2,703$2,240$1,849$816
18 years$3,625$3,000$2,467$2,019$1,644$684
19 years$3,399$2,780$2,259$1,824$1,465$574
20 years$3,195$2,584$2,073$1,652$1,309$482
21 years$3,011$2,406$1,907$1,499$1,171$406
22 years$2,843$2,246$1,757$1,363$1,050$342
23 years$2,691$2,101$1,623$1,242$942$288
24 years$2,552$1,968$1,501$1,132$847$243
25 years$2,423$1,847$1,390$1,034$762$205
26 years$2,305$1,736$1,289$946$687$173
27 years$2,196$1,634$1,197$865$619$146
28 years$2,095$1,540$1,113$793$559$123
29 years$2,001$1,452$1,036$727$504$104
30 years$1,913$1,372$965$667$456$88
31 years$1,832$1,297$899$613$412$74
32 years$1,755$1,227$839$563$373$63
33 years$1,683$1,162$783$518$337$53
34 years$1,616$1,101$732$477$305$45
35 years$1,553$1,045$684$439$277$38
36 years$1,493$991$640$404$251$32
37 years$1,437$942$599$372$227$27
38 years$1,383$895$561$343$206$23
39 years$1,333$851$526$316$187$19
40 years$1,285$810$493$292$169$16
41 years$1,240$771$462$269$154$14
42 years$1,197$734$433$248$139$12
43 years$1,156$699$407$229$127$10
44 years$1,117$667$382$212$115$8
45 years$1,080$636$358$196$104$7
46 years$1,044$606$337$181$95$6
47 years$1,011$579$316$167$86$5
48 years$978$552$297$154$78$4
49 years$947$528$279$143$71$4
50 years$918$504$263$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $940,000, adding $4,111 every year, while hoping to spend $23,423 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: 57/34/9 Blend
44$940,000$940,000$940,000$940,000
45$1,040,120$990,300$975,730$1,096,969
46$1,121,291$1,013,903$983,496$1,159,366
47$1,209,956$1,037,878$990,736$1,224,345
48$1,306,854$1,062,217$997,409$1,294,575
49$1,412,802$1,086,914$1,003,470$1,370,562
50$1,528,694$1,111,959$1,008,873$1,452,861
51$1,655,518$1,137,343$1,013,568$1,542,083
52$1,794,362$1,163,053$1,017,503$1,638,904
53$1,946,422$1,189,078$1,020,625$1,744,065
54$2,113,018$1,215,403$1,022,876$1,858,385
55$2,295,599$1,242,012$1,024,196$1,982,763
56$2,495,766$1,268,886$1,024,523$2,118,192
57$2,715,280$1,296,008$1,023,790$2,265,766
58$2,956,080$1,323,353$1,021,928$2,426,688
59$3,220,303$1,350,900$1,018,865$2,602,285
60$3,510,301$1,378,622$1,014,525$2,794,019
61$3,828,668$1,406,490$1,008,827$3,003,502
62$4,178,257$1,434,473$1,001,688$3,232,507
63$4,562,216$1,462,539$993,021$3,482,991
64$4,984,008$1,490,649$982,733$3,757,107
65$5,447,451$1,518,765$970,729$4,057,233
66$5,956,749$1,546,843$956,907$4,385,983
67$6,516,537$1,574,838$941,163$4,746,241
68$7,131,917$1,602,699$923,385$5,141,187
69$7,808,513$1,630,371$903,459$5,574,321
70$8,552,520$1,657,798$881,263$6,049,503
71$9,370,763$1,684,915$856,671$6,570,987
72$10,270,762$1,711,657$829,551$7,143,460
73$11,260,802$1,737,951$799,763$7,772,088
74$12,350,013$1,763,720$767,165$8,462,565
75$13,548,453$1,788,881$731,603$9,221,165
76$14,867,204$1,813,345$692,920$10,054,802
77$16,318,477$1,837,017$650,951$10,971,099
78$17,915,726$1,859,795$605,523$11,978,453
79$19,673,777$1,881,572$556,455$13,086,123
80$21,608,965$1,902,232$503,559$14,304,310
81$23,739,288$1,921,650$446,637$15,644,258
82$26,084,580$1,939,695$385,483$17,118,358
83$28,666,694$1,956,227$319,884$18,740,268
84$31,509,710$1,971,096$249,614$20,525,040
85$34,640,163$1,984,142$174,438$22,489,262
86$38,087,291$1,995,196$94,113$24,651,217
87$41,883,311$2,004,078$8,383$27,031,054
88$46,063,726$2,010,594$0$29,650,980
89$50,667,655$2,014,542$0$32,543,450
90$55,738,206$2,015,705$0$35,728,835
91$61,322,880$2,013,852$0$39,236,085
92$67,474,022$2,008,738$0$43,097,991
93$74,249,310$2,000,104$0$47,350,691
94$81,712,305$1,987,675$0$52,034,013
95$89,933,047$1,971,158$0$57,191,846
96$98,988,717$1,950,244$0$62,872,560
97$108,964,363$1,924,603$0$69,129,462
98$119,953,708$1,893,888$0$76,021,296
99$132,060,028$1,857,730$0$83,612,804
100$145,397,130$1,815,738$0$91,975,332