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%12.6%
1 years$77,624$76,933$76,258$75,600$74,957$74,143
2 years$38,428$37,712$37,019$36,346$35,694$34,875
3 years$25,364$24,645$23,953$23,287$22,646$21,846
4 years$18,834$18,117$17,432$16,777$16,151$15,378
5 years$14,916$14,204$13,528$12,886$12,278$11,533
6 years$12,305$11,599$10,933$10,305$9,715$8,999
7 years$10,441$9,740$9,085$8,473$7,901$7,214
8 years$9,044$8,349$7,705$7,108$6,555$5,897
9 years$7,958$7,270$6,636$6,054$5,520$4,892
10 years$7,089$6,408$5,786$5,219$4,703$4,104
11 years$6,379$5,704$5,094$4,542$4,045$3,474
12 years$5,788$5,120$4,520$3,984$3,505$2,962
13 years$5,288$4,627$4,039$3,517$3,057$2,540
14 years$4,859$4,206$3,629$3,122$2,679$2,190
15 years$4,489$3,842$3,276$2,784$2,359$1,895
16 years$4,165$3,525$2,970$2,493$2,085$1,645
17 years$3,879$3,246$2,703$2,240$1,849$1,433
18 years$3,625$3,000$2,467$2,019$1,644$1,251
19 years$3,399$2,780$2,259$1,824$1,465$1,095
20 years$3,195$2,584$2,073$1,652$1,309$960
21 years$3,011$2,406$1,907$1,499$1,171$843
22 years$2,843$2,246$1,757$1,363$1,050$741
23 years$2,691$2,101$1,623$1,242$942$652
24 years$2,552$1,968$1,501$1,132$847$575
25 years$2,423$1,847$1,390$1,034$762$507
26 years$2,305$1,736$1,289$946$687$447
27 years$2,196$1,634$1,197$865$619$395
28 years$2,095$1,540$1,113$793$559$349
29 years$2,001$1,452$1,036$727$504$309
30 years$1,913$1,372$965$667$456$273
31 years$1,832$1,297$899$613$412$242
32 years$1,755$1,227$839$563$373$214
33 years$1,683$1,162$783$518$337$190
34 years$1,616$1,101$732$477$305$168
35 years$1,553$1,045$684$439$277$149
36 years$1,493$991$640$404$251$132
37 years$1,437$942$599$372$227$117
38 years$1,383$895$561$343$206$104
39 years$1,333$851$526$316$187$92
40 years$1,285$810$493$292$169$82
41 years$1,240$771$462$269$154$73
42 years$1,197$734$433$248$139$64
43 years$1,156$699$407$229$127$57
44 years$1,117$667$382$212$115$51
45 years$1,080$636$358$196$104$45
46 years$1,044$606$337$181$95$40
47 years$1,011$579$316$167$86$35
48 years$978$552$297$154$78$31
49 years$947$528$279$143$71$28
50 years$918$504$263$132$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $940,000, adding $2,588 every year, while hoping to spend $55,047 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: 63/29/8 Blend
44$940,000$940,000$940,000$940,000
45$1,038,550$988,730$974,160$1,102,132
46$1,085,912$978,608$948,224$1,134,760
47$1,136,260$966,145$919,575$1,163,704
48$1,189,841$951,168$888,063$1,193,896
49$1,246,925$933,495$853,533$1,225,455
50$1,307,806$912,931$815,821$1,258,513
51$1,372,808$889,271$774,757$1,293,218
52$1,442,286$862,296$730,163$1,329,735
53$1,516,628$831,778$681,853$1,368,250
54$1,596,261$797,472$629,632$1,408,969
55$1,681,652$759,121$573,297$1,452,120
56$1,773,314$716,451$512,636$1,497,959
57$1,871,810$669,175$447,427$1,546,771
58$1,977,758$616,988$377,438$1,598,874
59$2,091,835$559,566$302,428$1,654,621
60$2,214,787$496,569$222,145$1,714,403
61$2,347,432$427,638$136,323$1,778,659
62$2,490,669$352,391$44,689$1,847,874
63$2,645,485$270,427$0$1,922,588
64$2,812,968$181,321$0$2,007,934
65$2,994,309$84,624$0$2,104,411
66$3,190,821$0$0$2,208,967
67$3,403,947$0$0$2,328,878
68$3,635,273$0$0$2,488,397
69$3,886,545$0$0$2,661,729
70$4,159,681$0$0$2,850,205
71$4,456,793$0$0$3,055,290
72$4,780,204$0$0$3,278,597
73$5,132,471$0$0$3,521,899
74$5,516,408$0$0$3,787,147
75$5,935,109$0$0$4,076,490
76$6,391,982$0$0$4,392,293
77$6,890,778$0$0$4,737,157
78$7,435,627$0$0$5,113,948
79$8,031,072$0$0$5,525,820
80$8,682,119$0$0$5,976,246
81$9,394,277$0$0$6,469,050
82$10,173,612$0$0$7,008,441
83$11,026,804$0$0$7,599,055
84$11,961,210$0$0$8,245,999
85$12,984,930$0$0$8,954,894
86$14,106,885$0$0$9,731,932
87$15,336,901$0$0$10,583,932
88$16,685,798$0$0$11,518,406
89$18,165,496$0$0$12,543,626
90$19,789,122$0$0$13,668,704
91$21,571,136$0$0$14,903,677
92$23,527,467$0$0$16,259,601
93$25,675,660$0$0$17,748,656
94$28,035,042$0$0$19,384,258
95$30,626,907$0$0$21,181,186
96$33,474,708$0$0$23,155,723
97$36,604,287$0$0$25,325,805
98$40,044,111$0$0$27,711,194
99$43,825,541$0$0$30,333,660
100$47,983,131$0$0$33,217,189