Can I retire at age 45 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$72,587$71,940$71,310$70,694$70,093$69,188
2 years$35,934$35,265$34,616$33,987$33,377$32,467
3 years$23,718$23,046$22,399$21,776$21,176$20,289
4 years$17,611$16,941$16,301$15,688$15,103$14,245
5 years$13,948$13,282$12,650$12,050$11,481$10,656
6 years$11,507$10,846$10,223$9,637$9,085$8,292
7 years$9,764$9,108$8,495$7,923$7,388$6,629
8 years$8,457$7,808$7,205$6,646$6,129$5,404
9 years$7,441$6,798$6,206$5,661$5,162$4,469
10 years$6,629$5,992$5,410$4,880$4,398$3,738
11 years$5,965$5,334$4,763$4,247$3,782$3,154
12 years$5,412$4,788$4,227$3,725$3,278$2,681
13 years$4,945$4,327$3,777$3,289$2,858$2,292
14 years$4,544$3,933$3,393$2,919$2,506$1,969
15 years$4,197$3,593$3,064$2,604$2,206$1,698
16 years$3,894$3,296$2,778$2,331$1,950$1,469
17 years$3,627$3,036$2,528$2,095$1,729$1,275
18 years$3,390$2,805$2,307$1,888$1,537$1,110
19 years$3,178$2,600$2,112$1,706$1,370$967
20 years$2,987$2,416$1,939$1,545$1,224$845
21 years$2,815$2,250$1,783$1,402$1,095$739
22 years$2,659$2,101$1,643$1,275$982$647
23 years$2,516$1,965$1,517$1,161$881$568
24 years$2,386$1,841$1,403$1,059$792$498
25 years$2,266$1,727$1,300$967$713$438
26 years$2,156$1,624$1,205$884$642$385
27 years$2,054$1,528$1,119$809$579$339
28 years$1,959$1,440$1,041$742$522$298
29 years$1,871$1,358$968$680$472$263
30 years$1,789$1,283$902$624$426$231
31 years$1,713$1,213$841$573$385$204
32 years$1,641$1,147$785$527$348$180
33 years$1,574$1,087$733$484$315$159
34 years$1,511$1,030$684$446$286$140
35 years$1,452$977$640$410$259$124
36 years$1,396$927$599$378$234$109
37 years$1,343$881$560$348$212$96
38 years$1,294$837$525$321$193$85
39 years$1,246$796$492$296$175$75
40 years$1,202$757$461$273$158$66
41 years$1,159$721$432$252$144$59
42 years$1,119$686$405$232$130$52
43 years$1,081$654$380$214$118$46
44 years$1,044$623$357$198$107$40
45 years$1,010$594$335$183$97$36
46 years$977$567$315$169$89$32
47 years$945$541$296$156$80$28
48 years$915$517$278$144$73$25
49 years$886$493$261$133$66$22
50 years$858$471$246$123$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $879,000, adding $5,540 every year, while hoping to spend $42,734 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: 28/48/24 Blend
44$879,000$879,000$879,000$879,000
45$974,373$927,786$914,161$994,216
46$1,028,290$927,778$899,317$1,010,244
47$1,086,275$926,339$882,543$1,023,337
48$1,148,696$923,351$863,730$1,036,515
49$1,215,961$918,693$842,763$1,049,816
50$1,288,515$912,235$819,521$1,063,281
51$1,366,848$903,839$793,879$1,076,961
52$1,451,498$893,359$765,706$1,090,917
53$1,543,058$880,640$734,864$1,105,218
54$1,642,177$865,519$701,209$1,119,947
55$1,749,571$847,821$664,592$1,135,201
56$1,866,025$827,362$624,854$1,151,090
57$1,992,405$803,948$581,831$1,167,743
58$2,129,661$777,372$535,353$1,185,305
59$2,278,839$747,416$485,240$1,203,947
60$2,441,089$713,848$431,305$1,223,860
61$2,617,678$676,425$373,351$1,245,263
62$2,809,999$634,887$311,176$1,268,405
63$3,019,583$588,961$244,565$1,293,570
64$3,248,119$538,358$173,296$1,321,076
65$3,497,463$482,773$97,137$1,351,285
66$3,769,657$421,882$15,844$1,384,605
67$4,066,952$355,345$0$1,421,495
68$4,391,824$282,799$0$1,480,632
69$4,747,000$203,866$0$1,549,948
70$5,135,480$118,142$0$1,626,104
71$5,560,570$25,202$0$1,709,906
72$6,025,910$0$0$1,802,251
73$6,535,506$0$0$1,943,963
74$7,093,773$0$0$2,113,933
75$7,705,569$0$0$2,300,349
76$8,376,248$0$0$2,504,859
77$9,111,704$0$0$2,729,281
78$9,918,431$0$0$2,975,614
79$10,803,580$0$0$3,246,064
80$11,775,029$0$0$3,543,058
81$12,841,454$0$0$3,869,272
82$14,012,413$0$0$4,227,651
83$15,298,436$0$0$4,621,441
84$16,711,121$0$0$5,054,220
85$18,263,246$0$0$5,529,925
86$19,968,887$0$0$6,052,898
87$21,843,551$0$0$6,627,920
88$23,904,322$0$0$7,260,260
89$26,170,024$0$0$7,955,722
90$28,661,391$0$0$8,720,700
91$31,401,272$0$0$9,562,241
92$34,414,839$0$0$10,488,109
93$37,729,823$0$0$11,506,856
94$41,376,784$0$0$12,627,908
95$45,389,388$0$0$13,861,649
96$49,804,731$0$0$15,219,520
97$54,663,686$0$0$16,714,130
98$60,011,288$0$0$18,359,370
99$65,897,162$0$0$20,170,548
100$72,375,983$0$0$22,164,528