Can I retire at age 45 with 878,000?

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 $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%16.6%
1 years$72,504$71,859$71,228$70,613$70,013$68,127
2 years$35,893$35,225$34,577$33,949$33,340$31,453
3 years$23,691$23,020$22,374$21,751$21,152$19,324
4 years$17,591$16,922$16,282$15,671$15,086$13,330
5 years$13,932$13,267$12,636$12,037$11,468$9,790
6 years$11,494$10,834$10,212$9,626$9,074$7,475
7 years$9,753$9,098$8,486$7,914$7,380$5,859
8 years$8,447$7,799$7,197$6,639$6,122$4,680
9 years$7,433$6,790$6,198$5,655$5,156$3,790
10 years$6,622$5,985$5,404$4,874$4,393$3,103
11 years$5,958$5,328$4,758$4,242$3,778$2,561
12 years$5,406$4,782$4,222$3,721$3,274$2,128
13 years$4,939$4,322$3,772$3,285$2,855$1,777
14 years$4,539$3,928$3,389$2,916$2,503$1,491
15 years$4,193$3,589$3,060$2,601$2,204$1,255
16 years$3,890$3,293$2,775$2,329$1,948$1,060
17 years$3,623$3,032$2,525$2,092$1,727$897
18 years$3,386$2,802$2,305$1,886$1,535$761
19 years$3,174$2,597$2,110$1,704$1,369$646
20 years$2,984$2,413$1,936$1,543$1,222$550
21 years$2,812$2,248$1,781$1,400$1,094$468
22 years$2,656$2,098$1,642$1,273$981$399
23 years$2,514$1,962$1,516$1,160$880$341
24 years$2,383$1,839$1,402$1,058$791$291
25 years$2,264$1,725$1,298$966$712$249
26 years$2,153$1,622$1,204$883$641$212
27 years$2,051$1,526$1,118$808$578$182
28 years$1,957$1,438$1,039$741$522$156
29 years$1,869$1,357$967$679$471$133
30 years$1,787$1,281$901$623$426$114
31 years$1,711$1,211$840$572$385$98
32 years$1,639$1,146$784$526$348$84
33 years$1,572$1,085$732$484$315$72
34 years$1,509$1,029$684$445$285$61
35 years$1,450$976$639$410$258$53
36 years$1,394$926$598$377$234$45
37 years$1,342$880$560$348$212$39
38 years$1,292$836$524$321$192$33
39 years$1,245$795$491$296$174$28
40 years$1,200$756$460$273$158$24
41 years$1,158$720$432$251$144$21
42 years$1,118$686$405$232$130$18
43 years$1,080$653$380$214$118$15
44 years$1,043$623$357$198$107$13
45 years$1,009$594$335$183$97$11
46 years$975$566$314$169$88$10
47 years$944$541$295$156$80$8
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 $5,120 every year, while hoping to spend $21,796 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: 63/22/15 Blend
44$878,000$878,000$878,000$878,000
45$972,837$926,303$912,694$1,030,242
46$1,048,876$948,501$920,079$1,091,580
47$1,131,940$971,057$926,980$1,155,581
48$1,222,723$993,964$933,359$1,224,944
49$1,321,989$1,017,216$939,175$1,300,190
50$1,430,578$1,040,806$944,383$1,381,895
51$1,549,416$1,064,724$948,939$1,470,692
52$1,679,522$1,088,962$952,795$1,567,279
53$1,822,020$1,113,507$955,900$1,672,426
54$1,978,145$1,138,348$958,201$1,786,979
55$2,149,258$1,163,469$959,643$1,911,872
56$2,336,859$1,188,856$960,168$2,048,134
57$2,542,599$1,214,490$959,714$2,196,896
58$2,768,297$1,240,353$958,217$2,359,408
59$3,015,956$1,266,424$955,611$2,537,046
60$3,287,784$1,292,678$951,824$2,731,324
61$3,586,210$1,319,092$946,782$2,943,914
62$3,913,912$1,345,636$940,408$3,176,655
63$4,273,841$1,372,282$932,621$3,431,577
64$4,669,244$1,398,995$923,335$3,710,914
65$5,103,701$1,425,740$912,461$4,017,130
66$5,581,157$1,452,479$899,907$4,352,938
67$6,105,954$1,479,170$885,573$4,721,330
68$6,682,880$1,505,768$869,358$5,125,603
69$7,317,207$1,532,224$851,155$5,569,390
70$8,014,744$1,558,485$830,851$6,056,695
71$8,781,893$1,584,496$808,329$6,591,930
72$9,625,705$1,610,194$783,467$7,179,958
73$10,553,949$1,635,516$756,135$7,826,138
74$11,575,186$1,660,391$726,200$8,536,378
75$12,698,849$1,684,744$693,521$9,317,185
76$13,935,329$1,708,494$657,952$10,175,735
77$15,296,078$1,731,556$619,340$11,119,933
78$16,793,713$1,753,838$577,523$12,158,494
79$18,442,137$1,775,240$532,334$13,301,020
80$20,256,666$1,795,658$483,598$14,558,095
81$22,254,180$1,814,980$431,134$15,941,383
82$24,453,278$1,833,086$374,748$17,463,739
83$26,874,453$1,849,847$314,243$19,139,331
84$29,540,287$1,865,129$249,409$20,983,772
85$32,475,661$1,878,785$180,029$23,014,271
86$35,707,995$1,890,662$105,877$25,249,793
87$39,267,501$1,900,596$26,715$27,711,238
88$43,187,472$1,908,410$0$30,421,642
89$47,504,592$1,913,920$0$33,415,636
90$52,259,287$1,916,929$0$36,717,117
91$57,496,100$1,917,225$0$40,352,681
92$63,264,120$1,914,586$0$44,356,356
93$69,617,435$1,908,775$0$48,765,640
94$76,615,650$1,899,542$0$53,621,854
95$84,324,446$1,886,619$0$58,970,538
96$92,816,200$1,869,724$0$64,861,874
97$102,170,668$1,848,557$0$71,351,164
98$112,475,740$1,822,800$0$78,499,353
99$123,828,265$1,792,116$0$86,373,600
100$136,334,967$1,756,149$0$95,047,919