Can I retire at age 45 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$72,422$71,777$71,147$70,533$69,933$68,746
2 years$35,852$35,185$34,538$33,910$33,302$32,109
3 years$23,664$22,994$22,348$21,727$21,128$19,968
4 years$17,571$16,903$16,264$15,653$15,069$13,949
5 years$13,916$13,252$12,621$12,023$11,455$10,380
6 years$11,481$10,821$10,200$9,615$9,064$8,034
7 years$9,742$9,088$8,476$7,905$7,371$6,387
8 years$8,438$7,790$7,188$6,631$6,115$5,176
9 years$7,424$6,782$6,191$5,648$5,150$4,256
10 years$6,614$5,978$5,398$4,869$4,388$3,538
11 years$5,951$5,322$4,752$4,237$3,774$2,967
12 years$5,400$4,777$4,217$3,717$3,270$2,505
13 years$4,933$4,317$3,768$3,281$2,852$2,128
14 years$4,534$3,924$3,386$2,913$2,500$1,816
15 years$4,188$3,585$3,057$2,598$2,201$1,555
16 years$3,885$3,289$2,771$2,326$1,945$1,337
17 years$3,619$3,029$2,522$2,090$1,725$1,152
18 years$3,382$2,799$2,302$1,883$1,534$995
19 years$3,171$2,594$2,107$1,702$1,367$861
20 years$2,981$2,410$1,934$1,541$1,221$746
21 years$2,809$2,245$1,779$1,399$1,093$648
22 years$2,653$2,096$1,640$1,272$979$563
23 years$2,511$1,960$1,514$1,158$879$490
24 years$2,381$1,837$1,400$1,056$790$427
25 years$2,261$1,724$1,297$965$711$372
26 years$2,151$1,620$1,203$882$641$325
27 years$2,049$1,524$1,117$807$577$283
28 years$1,955$1,436$1,038$740$521$247
29 years$1,867$1,355$966$678$471$216
30 years$1,785$1,280$900$623$425$189
31 years$1,709$1,210$839$572$384$165
32 years$1,638$1,145$783$526$348$144
33 years$1,571$1,084$731$483$315$126
34 years$1,508$1,027$683$445$285$111
35 years$1,449$975$638$409$258$97
36 years$1,393$925$597$377$234$85
37 years$1,340$879$559$347$212$74
38 years$1,291$835$524$320$192$65
39 years$1,244$794$490$295$174$57
40 years$1,199$755$460$272$158$50
41 years$1,157$719$431$251$143$44
42 years$1,117$685$404$232$130$38
43 years$1,078$652$379$214$118$33
44 years$1,042$622$356$198$107$29
45 years$1,007$593$334$182$97$26
46 years$974$566$314$169$88$23
47 years$943$540$295$156$80$20
48 years$913$515$277$144$73$17
49 years$884$492$261$133$66$15
50 years$856$470$245$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $877,000, adding $4,281 every year, while hoping to spend $59,028 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: 71/20/9 Blend
44$877,000$877,000$877,000$877,000
45$970,870$924,389$910,795$1,037,906
46$1,007,093$906,879$878,502$1,065,300
47$1,045,033$886,532$843,148$1,087,596
48$1,084,802$863,148$804,569$1,110,392
49$1,126,522$836,512$762,593$1,133,722
50$1,170,327$806,401$717,039$1,157,626
51$1,216,360$772,574$667,719$1,182,150
52$1,264,778$734,780$614,437$1,207,345
53$1,315,752$692,751$556,987$1,233,269
54$1,369,467$646,204$495,155$1,259,990
55$1,426,126$594,841$428,716$1,287,581
56$1,485,949$538,346$357,435$1,316,127
57$1,549,175$476,384$281,069$1,345,724
58$1,616,068$408,604$199,362$1,376,480
59$1,686,914$334,633$112,047$1,408,515
60$1,762,025$254,076$18,847$1,441,966
61$1,841,744$166,517$0$1,476,986
62$1,926,443$71,518$0$1,521,490
63$2,016,533$0$0$1,570,363
64$2,112,459$0$0$1,628,949
65$2,214,713$0$0$1,708,202
66$2,323,830$0$0$1,792,802
67$2,440,399$0$0$1,883,207
68$2,565,063$0$0$1,979,921
69$2,698,529$0$0$2,083,495
70$2,841,570$0$0$2,194,536
71$2,995,038$0$0$2,313,706
72$3,159,863$0$0$2,441,734
73$3,337,070$0$0$2,579,420
74$3,527,781$0$0$2,727,641
75$3,733,230$0$0$2,887,363
76$3,954,772$0$0$3,059,643
77$4,193,894$0$0$3,245,646
78$4,452,233$0$0$3,446,650
79$4,731,585$0$0$3,664,059
80$5,033,926$0$0$3,899,418
81$5,361,426$0$0$4,154,426
82$5,716,473$0$0$4,430,947
83$6,101,694$0$0$4,731,037
84$6,519,974$0$0$5,056,951
85$6,974,490$0$0$5,411,175
86$7,468,735$0$0$5,796,439
87$8,006,552$0$0$6,215,750
88$8,592,171$0$0$6,672,415
89$9,230,246$0$0$7,170,074
90$9,925,896$0$0$7,712,731
91$10,684,760$0$0$8,304,796
92$11,513,039$0$0$8,951,120
93$12,417,564$0$0$9,657,046
94$13,405,851$0$0$10,428,453
95$14,486,177$0$0$11,271,814
96$15,667,654$0$0$12,194,257
97$16,960,313$0$0$13,203,631
98$18,375,203$0$0$14,308,575
99$19,924,487$0$0$15,518,606
100$21,621,560$0$0$16,844,203