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%13.2%
1 years$72,587$71,940$71,310$70,694$70,093$69,159
2 years$35,934$35,265$34,616$33,987$33,377$32,439
3 years$23,718$23,046$22,399$21,776$21,176$20,261
4 years$17,611$16,941$16,301$15,688$15,103$14,219
5 years$13,948$13,282$12,650$12,050$11,481$10,630
6 years$11,507$10,846$10,223$9,637$9,085$8,268
7 years$9,764$9,108$8,495$7,923$7,388$6,606
8 years$8,457$7,808$7,205$6,646$6,129$5,382
9 years$7,441$6,798$6,206$5,661$5,162$4,448
10 years$6,629$5,992$5,410$4,880$4,398$3,718
11 years$5,965$5,334$4,763$4,247$3,782$3,136
12 years$5,412$4,788$4,227$3,725$3,278$2,663
13 years$4,945$4,327$3,777$3,289$2,858$2,275
14 years$4,544$3,933$3,393$2,919$2,506$1,953
15 years$4,197$3,593$3,064$2,604$2,206$1,684
16 years$3,894$3,296$2,778$2,331$1,950$1,456
17 years$3,627$3,036$2,528$2,095$1,729$1,263
18 years$3,390$2,805$2,307$1,888$1,537$1,098
19 years$3,178$2,600$2,112$1,706$1,370$956
20 years$2,987$2,416$1,939$1,545$1,224$835
21 years$2,815$2,250$1,783$1,402$1,095$730
22 years$2,659$2,101$1,643$1,275$982$639
23 years$2,516$1,965$1,517$1,161$881$559
24 years$2,386$1,841$1,403$1,059$792$491
25 years$2,266$1,727$1,300$967$713$431
26 years$2,156$1,624$1,205$884$642$378
27 years$2,054$1,528$1,119$809$579$333
28 years$1,959$1,440$1,041$742$522$293
29 years$1,871$1,358$968$680$472$258
30 years$1,789$1,283$902$624$426$227
31 years$1,713$1,213$841$573$385$200
32 years$1,641$1,147$785$527$348$176
33 years$1,574$1,087$733$484$315$155
34 years$1,511$1,030$684$446$286$137
35 years$1,452$977$640$410$259$121
36 years$1,396$927$599$378$234$106
37 years$1,343$881$560$348$212$94
38 years$1,294$837$525$321$193$83
39 years$1,246$796$492$296$175$73
40 years$1,202$757$461$273$158$65
41 years$1,159$721$432$252$144$57
42 years$1,119$686$405$232$130$50
43 years$1,081$654$380$214$118$44
44 years$1,044$623$357$198$107$39
45 years$1,010$594$335$183$97$35
46 years$977$567$315$169$89$31
47 years$945$541$296$156$80$27
48 years$915$517$278$144$73$24
49 years$886$493$261$133$66$21
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 $2,383 every year, while hoping to spend $57,822 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: 42/30/28 Blend
44$879,000$879,000$879,000$879,000
45$971,116$924,529$910,905$1,003,854
46$1,008,648$908,309$879,898$1,011,429
47$1,048,070$889,356$845,914$1,014,006
48$1,089,514$867,475$808,793$1,015,694
49$1,133,123$842,460$768,367$1,016,445
50$1,179,054$814,093$724,459$1,016,213
51$1,227,475$782,142$676,887$1,014,950
52$1,278,573$746,362$625,457$1,012,609
53$1,332,548$706,494$569,971$1,009,144
54$1,389,621$662,265$510,218$1,004,510
55$1,450,031$613,386$445,979$998,665
56$1,514,042$559,549$377,027$991,567
57$1,581,939$500,432$303,122$983,179
58$1,654,036$435,692$224,016$973,465
59$1,730,674$364,968$139,447$962,395
60$1,812,230$287,878$49,146$949,945
61$1,899,113$204,019$0$936,095
62$1,991,772$112,965$0$934,942
63$2,090,698$14,267$0$948,961
64$2,196,433$0$0$963,553
65$2,309,565$0$0$1,009,386
66$2,430,743$0$0$1,063,595
67$2,560,678$0$0$1,121,799
68$2,700,149$0$0$1,184,355
69$2,850,012$0$0$1,251,658
70$3,011,206$0$0$1,324,141
71$3,184,763$0$0$1,402,278
72$3,371,814$0$0$1,486,593
73$3,573,604$0$0$1,577,658
74$3,791,500$0$0$1,676,104
75$4,027,002$0$0$1,782,623
76$4,281,762$0$0$1,897,977
77$4,557,594$0$0$2,023,003
78$4,856,492$0$0$2,158,623
79$5,180,649$0$0$2,305,847
80$5,532,478$0$0$2,465,791
81$5,914,630$0$0$2,639,678
82$6,330,023$0$0$2,828,856
83$6,781,868$0$0$3,034,809
84$7,273,696$0$0$3,259,167
85$7,809,392$0$0$3,503,726
86$8,393,234$0$0$3,770,462
87$9,029,927$0$0$4,061,549
88$9,724,651$0$0$4,379,383
89$10,483,107$0$0$4,726,597
90$11,311,572$0$0$5,106,094
91$12,216,955$0$0$5,521,066
92$13,206,863$0$0$5,975,032
93$14,289,670$0$0$6,471,863
94$15,474,598$0$0$7,015,823
95$16,771,802$0$0$7,611,608
96$18,192,462$0$0$8,264,389
97$19,748,892$0$0$8,979,859
98$21,454,654$0$0$9,764,291
99$23,324,682$0$0$10,624,592
100$25,375,424$0$0$11,568,371