Can I retire at age 45 with 877,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$72,422$71,777$71,147$70,533$69,933$68,132
2 years$35,852$35,185$34,538$33,910$33,302$31,499
3 years$23,664$22,994$22,348$21,727$21,128$19,380
4 years$17,571$16,903$16,264$15,653$15,069$13,389
5 years$13,916$13,252$12,621$12,023$11,455$9,848
6 years$11,481$10,821$10,200$9,615$9,064$7,532
7 years$9,742$9,088$8,476$7,905$7,371$5,914
8 years$8,438$7,790$7,188$6,631$6,115$4,732
9 years$7,424$6,782$6,191$5,648$5,150$3,840
10 years$6,614$5,978$5,398$4,869$4,388$3,149
11 years$5,951$5,322$4,752$4,237$3,774$2,604
12 years$5,400$4,777$4,217$3,717$3,270$2,168
13 years$4,933$4,317$3,768$3,281$2,852$1,814
14 years$4,534$3,924$3,386$2,913$2,500$1,525
15 years$4,188$3,585$3,057$2,598$2,201$1,287
16 years$3,885$3,289$2,771$2,326$1,945$1,089
17 years$3,619$3,029$2,522$2,090$1,725$923
18 years$3,382$2,799$2,302$1,883$1,534$785
19 years$3,171$2,594$2,107$1,702$1,367$668
20 years$2,981$2,410$1,934$1,541$1,221$570
21 years$2,809$2,245$1,779$1,399$1,093$486
22 years$2,653$2,096$1,640$1,272$979$416
23 years$2,511$1,960$1,514$1,158$879$356
24 years$2,381$1,837$1,400$1,056$790$304
25 years$2,261$1,724$1,297$965$711$261
26 years$2,151$1,620$1,203$882$641$223
27 years$2,049$1,524$1,117$807$577$192
28 years$1,955$1,436$1,038$740$521$164
29 years$1,867$1,355$966$678$471$141
30 years$1,785$1,280$900$623$425$121
31 years$1,709$1,210$839$572$384$104
32 years$1,638$1,145$783$526$348$89
33 years$1,571$1,084$731$483$315$77
34 years$1,508$1,027$683$445$285$66
35 years$1,449$975$638$409$258$57
36 years$1,393$925$597$377$234$49
37 years$1,340$879$559$347$212$42
38 years$1,291$835$524$320$192$36
39 years$1,244$794$490$295$174$31
40 years$1,199$755$460$272$158$27
41 years$1,157$719$431$251$143$23
42 years$1,117$685$404$232$130$20
43 years$1,078$652$379$214$118$17
44 years$1,042$622$356$198$107$14
45 years$1,007$593$334$182$97$12
46 years$974$566$314$169$88$11
47 years$943$540$295$156$80$9
48 years$913$515$277$144$73$8
49 years$884$492$261$133$66$7
50 years$856$470$245$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $877,000, adding $3,236 every year, while hoping to spend $51,103 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: 28/45/27 Blend
44$877,000$877,000$877,000$877,000
45$969,792$923,311$909,717$988,741
46$1,014,338$914,180$885,820$994,950
47$1,061,714$902,889$859,409$996,971
48$1,112,156$889,278$830,346$998,106
49$1,165,921$873,177$798,488$998,314
50$1,223,290$854,408$763,682$997,556
51$1,284,572$832,780$725,772$995,792
52$1,350,105$808,093$684,592$992,987
53$1,420,258$780,133$639,969$989,107
54$1,495,440$748,674$591,723$984,119
55$1,576,095$713,479$539,665$977,997
56$1,662,712$674,296$483,600$970,717
57$1,755,829$630,856$423,321$962,262
58$1,856,035$582,879$358,613$952,622
59$1,963,977$530,067$289,253$941,791
60$2,080,365$472,103$215,006$929,777
61$2,205,981$408,655$135,627$916,594
62$2,341,683$339,370$50,862$902,270
63$2,488,413$263,878$0$886,846
64$2,647,207$181,784$0$881,786
65$2,819,206$92,675$0$892,137
66$3,005,660$0$0$903,410
67$3,207,949$0$0$917,735
68$3,427,585$0$0$983,235
69$3,666,236$0$0$1,054,530
70$3,925,734$0$0$1,132,184
71$4,208,096$0$0$1,216,816
72$4,515,539$0$0$1,309,109
73$4,850,505$0$0$1,409,814
74$5,215,681$0$0$1,519,757
75$5,614,023$0$0$1,639,847
76$6,048,786$0$0$1,771,086
77$6,523,552$0$0$1,914,577
78$7,042,265$0$0$2,071,534
79$7,609,265$0$0$2,243,293
80$8,229,333$0$0$2,431,325
81$8,907,732$0$0$2,637,252
82$9,650,256$0$0$2,862,859
83$10,463,286$0$0$3,110,111
84$11,353,850$0$0$3,381,172
85$12,329,685$0$0$3,678,428
86$13,399,315$0$0$4,004,503
87$14,572,124$0$0$4,362,290
88$15,858,452$0$0$4,754,976
89$17,269,685$0$0$5,186,069
90$18,818,363$0$0$5,659,436
91$20,518,303$0$0$6,179,333
92$22,384,721$0$0$6,750,454
93$24,434,381$0$0$7,377,965
94$26,685,749$0$0$8,067,559
95$29,159,166$0$0$8,825,509
96$31,877,043$0$0$9,658,724
97$34,864,068$0$0$10,574,817
98$38,147,441$0$0$11,582,175
99$41,757,125$0$0$12,690,039
100$45,726,134$0$0$13,908,588