Can I retire at age 45 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$72,174$71,531$70,904$70,292$69,694$67,544
2 years$35,730$35,064$34,419$33,794$33,188$31,041
3 years$23,583$22,915$22,272$21,652$21,056$18,979
4 years$17,511$16,845$16,208$15,599$15,017$13,026
5 years$13,869$13,207$12,578$11,982$11,416$9,516
6 years$11,441$10,784$10,165$9,582$9,033$7,226
7 years$9,708$9,057$8,447$7,878$7,346$5,632
8 years$8,409$7,763$7,164$6,608$6,094$4,472
9 years$7,399$6,759$6,170$5,629$5,132$3,600
10 years$6,591$5,958$5,379$4,852$4,373$2,929
11 years$5,931$5,304$4,736$4,223$3,761$2,402
12 years$5,381$4,761$4,203$3,704$3,259$1,982
13 years$4,916$4,302$3,755$3,270$2,842$1,645
14 years$4,518$3,911$3,374$2,903$2,491$1,370
15 years$4,174$3,572$3,046$2,589$2,194$1,145
16 years$3,872$3,278$2,762$2,318$1,939$960
17 years$3,607$3,019$2,513$2,083$1,719$807
18 years$3,371$2,789$2,294$1,877$1,528$679
19 years$3,160$2,585$2,100$1,696$1,362$573
20 years$2,970$2,402$1,927$1,536$1,217$483
21 years$2,799$2,238$1,773$1,394$1,089$409
22 years$2,644$2,089$1,634$1,268$976$346
23 years$2,502$1,953$1,509$1,154$876$293
24 years$2,372$1,830$1,395$1,053$788$248
25 years$2,253$1,718$1,292$962$709$210
26 years$2,144$1,614$1,199$879$638$178
27 years$2,042$1,519$1,113$805$576$151
28 years$1,948$1,432$1,035$737$519$128
29 years$1,861$1,351$963$676$469$109
30 years$1,779$1,275$897$620$424$93
31 years$1,703$1,206$836$570$383$79
32 years$1,632$1,141$780$524$346$67
33 years$1,565$1,080$728$482$314$57
34 years$1,503$1,024$681$443$284$48
35 years$1,444$971$636$408$257$41
36 years$1,388$922$595$376$233$35
37 years$1,336$876$557$346$211$30
38 years$1,286$832$522$319$191$25
39 years$1,239$791$489$294$174$21
40 years$1,195$753$458$271$157$18
41 years$1,153$717$430$250$143$15
42 years$1,113$682$403$231$130$13
43 years$1,075$650$378$213$118$11
44 years$1,038$620$355$197$107$9
45 years$1,004$591$333$182$97$8
46 years$971$564$313$168$88$7
47 years$940$538$294$155$80$6
48 years$910$514$276$143$73$5
49 years$881$490$260$133$66$4
50 years$853$469$244$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $874,000, adding $3,395 every year, while hoping to spend $56,233 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: 33/43/24 Blend
44$874,000$874,000$874,000$874,000
45$966,650$920,328$906,781$991,362
46$1,005,417$905,593$877,327$995,483
47$1,046,253$888,250$845,001$994,611
48$1,089,311$868,114$809,648$992,540
49$1,134,755$844,987$771,106$989,200
50$1,182,766$818,657$729,204$984,520
51$1,233,540$788,903$683,765$978,427
52$1,287,293$755,491$634,602$970,847
53$1,344,258$718,172$581,523$961,706
54$1,404,692$676,682$524,324$950,928
55$1,468,875$630,744$462,793$938,437
56$1,537,113$580,063$396,709$924,157
57$1,609,742$524,329$325,842$908,012
58$1,687,127$463,213$249,949$889,928
59$1,769,672$396,368$168,780$869,833
60$1,857,815$323,426$82,071$847,655
61$1,952,040$244,002$0$823,328
62$2,052,874$157,684$0$799,467
63$2,160,898$64,041$0$795,938
64$2,276,747$0$0$791,727
65$2,401,119$0$0$804,558
66$2,534,779$0$0$851,003
67$2,678,568$0$0$901,063
68$2,833,409$0$0$955,072
69$3,000,315$0$0$1,013,396
70$3,180,399$0$0$1,076,438
71$3,374,885$0$0$1,144,640
72$3,585,115$0$0$1,218,489
73$3,812,568$0$0$1,298,518
74$4,058,867$0$0$1,385,316
75$4,325,797$0$0$1,479,530
76$4,615,321$0$0$1,581,870
77$4,929,597$0$0$1,693,119
78$5,271,001$0$0$1,814,137
79$5,642,143$0$0$1,945,871
80$6,045,897$0$0$2,089,363
81$6,485,423$0$0$2,245,758
82$6,964,201$0$0$2,416,320
83$7,486,059$0$0$2,602,436
84$8,055,208$0$0$2,805,634
85$8,676,286$0$0$3,027,598
86$9,354,396$0$0$3,270,180
87$10,095,158$0$0$3,535,418
88$10,904,755$0$0$3,825,559
89$11,789,998$0$0$4,143,074
90$12,758,383$0$0$4,490,687
91$13,818,167$0$0$4,871,393
92$14,978,439$0$0$5,288,496
93$16,249,210$0$0$5,745,629
94$17,641,503$0$0$6,246,799
95$19,167,459$0$0$6,796,413
96$20,840,447$0$0$7,399,330
97$22,675,195$0$0$8,060,900
98$24,687,921$0$0$8,787,015
99$26,896,490$0$0$9,584,167
100$29,320,581$0$0$10,459,507