Can I retire at age 45 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$72,504$71,859$71,228$70,613$70,013$68,155
2 years$35,893$35,225$34,577$33,949$33,340$31,480
3 years$23,691$23,020$22,374$21,751$21,152$19,350
4 years$17,591$16,922$16,282$15,671$15,086$13,355
5 years$13,932$13,267$12,636$12,037$11,468$9,813
6 years$11,494$10,834$10,212$9,626$9,074$7,497
7 years$9,753$9,098$8,486$7,914$7,380$5,880
8 years$8,447$7,799$7,197$6,639$6,122$4,699
9 years$7,433$6,790$6,198$5,655$5,156$3,808
10 years$6,622$5,985$5,404$4,874$4,393$3,119
11 years$5,958$5,328$4,758$4,242$3,778$2,576
12 years$5,406$4,782$4,222$3,721$3,274$2,142
13 years$4,939$4,322$3,772$3,285$2,855$1,790
14 years$4,539$3,928$3,389$2,916$2,503$1,503
15 years$4,193$3,589$3,060$2,601$2,204$1,266
16 years$3,890$3,293$2,775$2,329$1,948$1,070
17 years$3,623$3,032$2,525$2,092$1,727$906
18 years$3,386$2,802$2,305$1,886$1,535$769
19 years$3,174$2,597$2,110$1,704$1,369$654
20 years$2,984$2,413$1,936$1,543$1,222$556
21 years$2,812$2,248$1,781$1,400$1,094$474
22 years$2,656$2,098$1,642$1,273$981$405
23 years$2,514$1,962$1,516$1,160$880$346
24 years$2,383$1,839$1,402$1,058$791$295
25 years$2,264$1,725$1,298$966$712$253
26 years$2,153$1,622$1,204$883$641$216
27 years$2,051$1,526$1,118$808$578$185
28 years$1,957$1,438$1,039$741$522$158
29 years$1,869$1,357$967$679$471$136
30 years$1,787$1,281$901$623$426$116
31 years$1,711$1,211$840$572$385$100
32 years$1,639$1,146$784$526$348$85
33 years$1,572$1,085$732$484$315$73
34 years$1,509$1,029$684$445$285$63
35 years$1,450$976$639$410$258$54
36 years$1,394$926$598$377$234$46
37 years$1,342$880$560$348$212$40
38 years$1,292$836$524$321$192$34
39 years$1,245$795$491$296$174$29
40 years$1,200$756$460$273$158$25
41 years$1,158$720$432$251$144$22
42 years$1,118$686$405$232$130$18
43 years$1,080$653$380$214$118$16
44 years$1,043$623$357$198$107$14
45 years$1,009$594$335$183$97$12
46 years$975$566$314$169$88$10
47 years$944$541$295$156$80$9
48 years$914$516$278$144$73$7
49 years$885$493$261$133$66$6
50 years$857$471$245$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $878,000, adding $2,560 every year, while hoping to spend $56,544 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: 79/14/7 Blend
44$878,000$878,000$878,000$878,000
45$970,197$923,663$910,054$1,045,884
46$1,008,994$908,760$880,378$1,080,963
47$1,049,854$891,231$847,813$1,111,775
48$1,092,927$870,890$812,203$1,143,885
49$1,138,377$847,534$773,383$1,177,396
50$1,186,383$820,955$731,182$1,212,419
51$1,237,140$790,928$685,423$1,249,080
52$1,290,861$757,216$635,918$1,287,515
53$1,347,779$719,570$582,471$1,327,876
54$1,408,148$677,725$524,880$1,370,332
55$1,472,246$631,400$462,930$1,415,067
56$1,540,377$580,300$396,400$1,462,288
57$1,612,873$524,112$325,057$1,512,220
58$1,690,098$462,506$248,658$1,565,115
59$1,772,450$395,130$166,950$1,621,250
60$1,860,366$321,618$79,669$1,680,932
61$1,954,323$241,578$0$1,744,500
62$2,054,847$154,598$0$1,813,336
63$2,162,511$60,243$0$1,893,264
64$2,277,947$0$0$1,978,808
65$2,401,845$0$0$2,076,962
66$2,534,964$0$0$2,192,411
67$2,678,137$0$0$2,316,599
68$2,832,280$0$0$2,450,322
69$2,998,395$0$0$2,594,453
70$3,177,587$0$0$2,749,953
71$3,371,067$0$0$2,917,877
72$3,580,167$0$0$3,099,382
73$3,806,350$0$0$3,295,744
74$4,051,226$0$0$3,508,362
75$4,316,564$0$0$3,738,774
76$4,604,307$0$0$3,988,675
77$4,916,594$0$0$4,259,924
78$5,255,779$0$0$4,554,570
79$5,624,447$0$0$4,874,864
80$6,025,446$0$0$5,223,283
81$6,461,907$0$0$5,602,553
82$6,937,276$0$0$6,015,674
83$7,455,345$0$0$6,465,944
84$8,020,286$0$0$6,956,998
85$8,636,692$0$0$7,492,832
86$9,309,620$0$0$8,077,848
87$10,044,634$0$0$8,716,888
88$10,847,861$0$0$9,415,286
89$11,726,045$0$0$10,178,914
90$12,686,612$0$0$11,014,233
91$13,737,739$0$0$11,928,364
92$14,888,429$0$0$12,929,142
93$16,148,598$0$0$14,025,198
94$17,529,162$0$0$15,226,036
95$19,042,146$0$0$16,542,123
96$20,700,793$0$0$17,984,986
97$22,519,686$0$0$19,567,322
98$24,514,890$0$0$21,303,114
99$26,704,098$0$0$23,207,764
100$29,106,799$0$0$25,298,238