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%12.2%
1 years$72,422$71,777$71,147$70,533$69,933$69,289
2 years$35,852$35,185$34,538$33,910$33,302$32,653
3 years$23,664$22,994$22,348$21,727$21,128$20,494
4 years$17,571$16,903$16,264$15,653$15,069$14,455
5 years$13,916$13,252$12,621$12,023$11,455$10,864
6 years$11,481$10,821$10,200$9,615$9,064$8,495
7 years$9,742$9,088$8,476$7,905$7,371$6,826
8 years$8,438$7,790$7,188$6,631$6,115$5,592
9 years$7,424$6,782$6,191$5,648$5,150$4,650
10 years$6,614$5,978$5,398$4,869$4,388$3,910
11 years$5,951$5,322$4,752$4,237$3,774$3,318
12 years$5,400$4,777$4,217$3,717$3,270$2,836
13 years$4,933$4,317$3,768$3,281$2,852$2,439
14 years$4,534$3,924$3,386$2,913$2,500$2,108
15 years$4,188$3,585$3,057$2,598$2,201$1,829
16 years$3,885$3,289$2,771$2,326$1,945$1,593
17 years$3,619$3,029$2,522$2,090$1,725$1,391
18 years$3,382$2,799$2,302$1,883$1,534$1,218
19 years$3,171$2,594$2,107$1,702$1,367$1,069
20 years$2,981$2,410$1,934$1,541$1,221$940
21 years$2,809$2,245$1,779$1,399$1,093$827
22 years$2,653$2,096$1,640$1,272$979$730
23 years$2,511$1,960$1,514$1,158$879$644
24 years$2,381$1,837$1,400$1,056$790$570
25 years$2,261$1,724$1,297$965$711$504
26 years$2,151$1,620$1,203$882$641$446
27 years$2,049$1,524$1,117$807$577$395
28 years$1,955$1,436$1,038$740$521$351
29 years$1,867$1,355$966$678$471$311
30 years$1,785$1,280$900$623$425$276
31 years$1,709$1,210$839$572$384$245
32 years$1,638$1,145$783$526$348$218
33 years$1,571$1,084$731$483$315$194
34 years$1,508$1,027$683$445$285$172
35 years$1,449$975$638$409$258$153
36 years$1,393$925$597$377$234$136
37 years$1,340$879$559$347$212$121
38 years$1,291$835$524$320$192$108
39 years$1,244$794$490$295$174$96
40 years$1,199$755$460$272$158$85
41 years$1,157$719$431$251$143$76
42 years$1,117$685$404$232$130$68
43 years$1,078$652$379$214$118$60
44 years$1,042$622$356$198$107$54
45 years$1,007$593$334$182$97$48
46 years$974$566$314$169$88$43
47 years$943$540$295$156$80$38
48 years$913$515$277$144$73$34
49 years$884$492$261$133$66$30
50 years$856$470$245$123$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $877,000, adding $3,837 every year, while hoping to spend $38,333 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: 57/14/29 Blend
44$877,000$877,000$877,000$877,000
45$970,412$923,931$910,337$1,017,789
46$1,028,608$928,417$900,048$1,055,262
47$1,091,455$931,839$888,128$1,091,765
48$1,159,388$934,103$874,485$1,130,779
49$1,232,882$935,111$859,017$1,172,558
50$1,312,463$934,759$841,621$1,217,385
51$1,398,707$932,935$822,188$1,265,575
52$1,492,247$929,521$800,604$1,317,473
53$1,593,781$924,392$776,748$1,373,463
54$1,704,075$917,416$750,498$1,433,970
55$1,823,973$908,451$721,722$1,499,465
56$1,954,402$897,348$690,283$1,570,466
57$2,096,382$883,950$656,039$1,647,549
58$2,251,038$868,088$618,841$1,731,351
59$2,419,604$849,585$578,532$1,822,575
60$2,603,441$828,252$534,951$1,922,000
61$2,804,047$803,891$487,926$2,030,484
62$3,023,068$776,290$437,280$2,148,981
63$3,262,319$745,227$382,827$2,278,539
64$3,523,798$710,465$324,374$2,420,322
65$3,809,701$671,754$261,717$2,575,613
66$4,122,451$628,830$194,645$2,745,831
67$4,464,713$581,414$122,937$2,932,542
68$4,839,421$529,211$46,362$3,137,478
69$5,249,807$471,908$0$3,362,551
70$5,699,431$409,175$0$3,620,814
71$6,192,212$340,663$0$3,919,680
72$6,732,467$266,005$0$4,247,443
73$7,324,951$184,811$0$4,607,035
74$7,974,899$96,671$0$5,001,681
75$8,688,081$1,150$0$5,434,942
76$9,470,849$0$0$5,910,740
77$10,330,202$0$0$6,449,145
78$11,273,849$0$0$7,040,638
79$12,310,281$0$0$7,690,374
80$13,448,854$0$0$8,404,228
81$14,699,874$0$0$9,188,672
82$16,074,694$0$0$10,050,837
83$17,585,822$0$0$10,998,578
84$19,247,038$0$0$12,040,548
85$21,073,522$0$0$13,186,284
86$23,082,001$0$0$14,446,289
87$25,290,903$0$0$15,832,137
88$27,720,531$0$0$17,356,579
89$30,393,255$0$0$19,033,666
90$33,333,721$0$0$20,878,878
91$36,569,086$0$0$22,909,270
92$40,129,271$0$0$25,143,635
93$44,047,244$0$0$27,602,681
94$48,359,331$0$0$30,309,223
95$53,105,558$0$0$33,288,401
96$58,330,028$0$0$36,567,916
97$64,081,336$0$0$40,178,291
98$70,413,030$0$0$44,153,157
99$77,384,111$0$0$48,529,576
100$85,059,595$0$0$53,348,382