Can I retire at age 45 with 879,000?

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 $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%17.4%
1 years$72,587$71,940$71,310$70,694$70,093$67,985
2 years$35,934$35,265$34,616$33,987$33,377$31,272
3 years$23,718$23,046$22,399$21,776$21,176$19,138
4 years$17,611$16,941$16,301$15,688$15,103$13,149
5 years$13,948$13,282$12,650$12,050$11,481$9,616
6 years$11,507$10,846$10,223$9,637$9,085$7,310
7 years$9,764$9,108$8,495$7,923$7,388$5,704
8 years$8,457$7,808$7,205$6,646$6,129$4,535
9 years$7,441$6,798$6,206$5,661$5,162$3,655
10 years$6,629$5,992$5,410$4,880$4,398$2,977
11 years$5,965$5,334$4,763$4,247$3,782$2,445
12 years$5,412$4,788$4,227$3,725$3,278$2,020
13 years$4,945$4,327$3,777$3,289$2,858$1,678
14 years$4,544$3,933$3,393$2,919$2,506$1,400
15 years$4,197$3,593$3,064$2,604$2,206$1,172
16 years$3,894$3,296$2,778$2,331$1,950$984
17 years$3,627$3,036$2,528$2,095$1,729$828
18 years$3,390$2,805$2,307$1,888$1,537$698
19 years$3,178$2,600$2,112$1,706$1,370$589
20 years$2,987$2,416$1,939$1,545$1,224$498
21 years$2,815$2,250$1,783$1,402$1,095$422
22 years$2,659$2,101$1,643$1,275$982$357
23 years$2,516$1,965$1,517$1,161$881$303
24 years$2,386$1,841$1,403$1,059$792$257
25 years$2,266$1,727$1,300$967$713$218
26 years$2,156$1,624$1,205$884$642$186
27 years$2,054$1,528$1,119$809$579$158
28 years$1,959$1,440$1,041$742$522$134
29 years$1,871$1,358$968$680$472$114
30 years$1,789$1,283$902$624$426$97
31 years$1,713$1,213$841$573$385$82
32 years$1,641$1,147$785$527$348$70
33 years$1,574$1,087$733$484$315$60
34 years$1,511$1,030$684$446$286$51
35 years$1,452$977$640$410$259$43
36 years$1,396$927$599$378$234$37
37 years$1,343$881$560$348$212$31
38 years$1,294$837$525$321$193$27
39 years$1,246$796$492$296$175$23
40 years$1,202$757$461$273$158$19
41 years$1,159$721$432$252$144$16
42 years$1,119$686$405$232$130$14
43 years$1,081$654$380$214$118$12
44 years$1,044$623$357$198$107$10
45 years$1,010$594$335$183$97$9
46 years$977$567$315$169$89$7
47 years$945$541$296$156$80$6
48 years$915$517$278$144$73$5
49 years$886$493$261$133$66$5
50 years$858$471$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $879,000, adding $6,003 every year, while hoping to spend $30,808 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: 64/14/22 Blend
44$879,000$879,000$879,000$879,000
45$974,850$928,263$914,639$1,031,336
46$1,041,505$940,969$912,500$1,082,825
47$1,113,927$953,264$909,256$1,135,053
48$1,192,670$965,097$904,839$1,191,407
49$1,278,347$976,411$899,176$1,252,294
50$1,371,629$987,146$892,189$1,318,163
51$1,473,258$997,238$883,799$1,389,506
52$1,584,046$1,006,619$873,923$1,466,871
53$1,704,892$1,015,216$862,472$1,550,859
54$1,836,780$1,022,951$849,355$1,642,133
55$1,980,798$1,029,742$834,474$1,741,425
56$2,138,141$1,035,501$817,731$1,849,543
57$2,310,125$1,040,134$799,018$1,967,377
58$2,498,198$1,043,542$778,226$2,095,911
59$2,703,957$1,045,618$755,239$2,236,226
60$2,929,159$1,046,251$729,938$2,389,519
61$3,175,737$1,045,321$702,194$2,557,107
62$3,445,821$1,042,701$671,877$2,740,445
63$3,741,758$1,038,257$638,848$2,941,136
64$4,066,132$1,031,845$602,964$3,160,949
65$4,421,787$1,023,315$564,073$3,401,833
66$4,811,857$1,012,506$522,017$3,665,941
67$5,239,795$999,247$476,633$3,955,643
68$5,709,402$983,358$427,748$4,273,556
69$6,224,865$964,647$375,182$4,622,565
70$6,790,799$942,913$318,749$5,005,851
71$7,412,285$917,940$258,251$5,426,923
72$8,094,920$889,501$193,484$5,889,647
73$8,844,871$857,356$124,236$6,398,291
74$9,668,932$821,250$50,281$6,957,557
75$10,574,587$780,915$0$7,572,631
76$11,570,080$736,064$0$8,255,955
77$12,664,495$686,399$0$9,020,143
78$13,867,839$631,598$0$9,860,391
79$15,191,140$571,328$0$10,784,425
80$16,646,543$505,230$0$11,800,760
81$18,247,434$432,930$0$12,918,780
82$20,008,559$354,029$0$14,148,826
83$21,946,164$268,109$0$15,502,296
84$24,078,152$174,726$0$16,991,749
85$26,424,248$73,412$0$18,631,029
86$29,006,185$0$0$20,435,389
87$31,847,908$0$0$22,427,238
88$34,975,805$0$0$24,632,196
89$38,418,949$0$0$27,059,457
90$42,209,376$0$0$29,731,614
91$46,382,384$0$0$32,673,562
92$50,976,870$0$0$35,912,733
93$56,035,694$0$0$39,479,353
94$61,606,082$0$0$43,406,728
95$67,740,074$0$0$47,731,562
96$74,495,013$0$0$52,494,294
97$81,934,088$0$0$57,739,490
98$90,126,927$0$0$63,516,256
99$99,150,256$0$0$69,878,703
100$109,088,621$0$0$76,886,458