Can I retire at age 45 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$72,092$71,449$70,823$70,211$69,614$68,125
2 years$35,689$35,024$34,380$33,755$33,150$31,657
3 years$23,556$22,889$22,246$21,627$21,031$19,581
4 years$17,491$16,826$16,190$15,581$15,000$13,603
5 years$13,853$13,191$12,564$11,968$11,403$10,064
6 years$11,428$10,772$10,153$9,571$9,023$7,743
7 years$9,697$9,046$8,437$7,869$7,338$6,118
8 years$8,399$7,754$7,156$6,601$6,087$4,927
9 years$7,390$6,751$6,163$5,623$5,126$4,024
10 years$6,584$5,951$5,373$4,847$4,368$3,323
11 years$5,924$5,298$4,730$4,218$3,757$2,767
12 years$5,375$4,755$4,198$3,700$3,255$2,320
13 years$4,911$4,297$3,751$3,266$2,839$1,956
14 years$4,513$3,906$3,370$2,900$2,488$1,657
15 years$4,169$3,568$3,043$2,586$2,191$1,408
16 years$3,868$3,274$2,759$2,315$1,936$1,201
17 years$3,602$3,015$2,510$2,080$1,717$1,027
18 years$3,367$2,786$2,292$1,875$1,527$880
19 years$3,156$2,582$2,098$1,694$1,361$755
20 years$2,967$2,399$1,925$1,534$1,215$649
21 years$2,796$2,235$1,771$1,392$1,088$559
22 years$2,641$2,086$1,632$1,266$975$482
23 years$2,499$1,951$1,507$1,153$875$416
24 years$2,370$1,828$1,394$1,052$787$359
25 years$2,251$1,716$1,291$960$708$310
26 years$2,141$1,612$1,197$878$638$268
27 years$2,040$1,517$1,112$804$575$232
28 years$1,946$1,430$1,033$736$519$201
29 years$1,858$1,349$962$675$468$174
30 years$1,777$1,274$896$620$423$151
31 years$1,701$1,204$835$569$383$130
32 years$1,630$1,140$779$523$346$113
33 years$1,563$1,079$728$481$313$98
34 years$1,501$1,023$680$443$284$85
35 years$1,442$970$636$407$257$74
36 years$1,387$921$595$375$233$64
37 years$1,334$875$556$346$211$55
38 years$1,285$831$521$319$191$48
39 years$1,238$790$488$294$173$42
40 years$1,194$752$458$271$157$36
41 years$1,151$716$429$250$143$31
42 years$1,111$682$403$231$129$27
43 years$1,073$649$378$213$118$24
44 years$1,037$619$355$197$107$21
45 years$1,003$590$333$182$97$18
46 years$970$563$313$168$88$15
47 years$938$537$294$155$80$13
48 years$908$513$276$143$73$12
49 years$880$490$259$132$66$10
50 years$852$468$244$122$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $873,000, adding $6,502 every year, while hoping to spend $40,341 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: 42/50/8 Blend
44$873,000$873,000$873,000$873,000
45$968,753$922,484$908,952$1,006,903
46$1,024,643$924,763$896,480$1,036,410
47$1,084,882$925,802$882,237$1,063,753
48$1,149,871$925,497$866,123$1,092,438
49$1,220,050$923,738$848,030$1,122,602
50$1,295,903$920,410$827,848$1,154,400
51$1,377,963$915,388$805,458$1,188,002
52$1,466,814$908,540$780,740$1,223,601
53$1,563,099$899,729$753,565$1,261,412
54$1,667,526$888,806$723,800$1,301,672
55$1,780,871$875,615$691,304$1,344,649
56$1,903,990$859,991$655,933$1,390,639
57$2,037,823$841,757$617,533$1,439,973
58$2,183,406$820,727$575,945$1,493,019
59$2,341,877$796,706$531,003$1,550,188
60$2,514,488$769,484$482,531$1,611,935
61$2,702,618$738,841$430,348$1,678,769
62$2,907,784$704,544$374,264$1,751,253
63$3,131,657$666,345$314,080$1,830,014
64$3,376,074$623,984$249,590$1,915,750
65$3,643,058$577,184$180,576$2,009,234
66$3,934,838$525,654$106,813$2,111,326
67$4,253,865$469,085$28,065$2,222,979
68$4,602,839$407,150$0$2,345,251
69$4,984,734$339,506$0$2,484,096
70$5,402,823$265,788$0$2,638,905
71$5,860,711$185,611$0$2,808,745
72$6,362,368$98,570$0$2,995,242
73$6,912,166$4,236$0$3,200,193
74$7,514,919$0$0$3,425,591
75$8,175,931$0$0$3,727,472
76$8,901,042$0$0$4,061,297
77$9,696,687$0$0$4,427,712
78$10,569,951$0$0$4,829,994
79$11,528,640$0$0$5,271,755
80$12,581,354$0$0$5,756,971
81$13,737,563$0$0$6,290,026
82$15,007,702$0$0$6,875,747
83$16,403,266$0$0$7,519,452
84$17,936,917$0$0$8,226,999
85$19,622,608$0$0$9,004,844
86$21,475,707$0$0$9,860,098
87$23,513,147$0$0$10,800,596
88$25,753,584$0$0$11,834,969
89$28,217,572$0$0$12,972,730
90$30,927,756$0$0$14,224,355
91$33,909,086$0$0$15,601,391
92$37,189,053$0$0$17,116,559
93$40,797,946$0$0$18,783,874
94$44,769,137$0$0$20,618,780
95$49,139,399$0$0$22,638,294
96$53,949,248$0$0$24,861,165
97$59,243,326$0$0$27,308,052
98$65,070,825$0$0$30,001,719
99$71,485,946$0$0$32,967,250
100$78,548,413$0$0$36,232,285