Can I retire at age 45 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$72,422$71,777$71,147$70,533$69,933$69,551
2 years$35,852$35,185$34,538$33,910$33,302$32,916
3 years$23,664$22,994$22,348$21,727$21,128$20,750
4 years$17,571$16,903$16,264$15,653$15,069$14,703
5 years$13,916$13,252$12,621$12,023$11,455$11,101
6 years$11,481$10,821$10,200$9,615$9,064$8,723
7 years$9,742$9,088$8,476$7,905$7,371$7,044
8 years$8,438$7,790$7,188$6,631$6,115$5,801
9 years$7,424$6,782$6,191$5,648$5,150$4,849
10 years$6,614$5,978$5,398$4,869$4,388$4,100
11 years$5,951$5,322$4,752$4,237$3,774$3,498
12 years$5,400$4,777$4,217$3,717$3,270$3,007
13 years$4,933$4,317$3,768$3,281$2,852$2,601
14 years$4,534$3,924$3,386$2,913$2,500$2,261
15 years$4,188$3,585$3,057$2,598$2,201$1,974
16 years$3,885$3,289$2,771$2,326$1,945$1,729
17 years$3,619$3,029$2,522$2,090$1,725$1,520
18 years$3,382$2,799$2,302$1,883$1,534$1,339
19 years$3,171$2,594$2,107$1,702$1,367$1,183
20 years$2,981$2,410$1,934$1,541$1,221$1,047
21 years$2,809$2,245$1,779$1,399$1,093$928
22 years$2,653$2,096$1,640$1,272$979$824
23 years$2,511$1,960$1,514$1,158$879$732
24 years$2,381$1,837$1,400$1,056$790$652
25 years$2,261$1,724$1,297$965$711$581
26 years$2,151$1,620$1,203$882$641$518
27 years$2,049$1,524$1,117$807$577$462
28 years$1,955$1,436$1,038$740$521$413
29 years$1,867$1,355$966$678$471$369
30 years$1,785$1,280$900$623$425$330
31 years$1,709$1,210$839$572$384$295
32 years$1,638$1,145$783$526$348$264
33 years$1,571$1,084$731$483$315$237
34 years$1,508$1,027$683$445$285$212
35 years$1,449$975$638$409$258$190
36 years$1,393$925$597$377$234$170
37 years$1,340$879$559$347$212$153
38 years$1,291$835$524$320$192$137
39 years$1,244$794$490$295$174$123
40 years$1,199$755$460$272$158$110
41 years$1,157$719$431$251$143$99
42 years$1,117$685$404$232$130$89
43 years$1,078$652$379$214$118$80
44 years$1,042$622$356$198$107$71
45 years$1,007$593$334$182$97$64
46 years$974$566$314$169$88$58
47 years$943$540$295$156$80$52
48 years$913$515$277$144$73$46
49 years$884$492$261$133$66$42
50 years$856$470$245$123$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $877,000, adding $4,226 every year, while hoping to spend $28,330 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: 46/27/27 Blend
44$877,000$877,000$877,000$877,000
45$970,813$924,332$910,739$1,007,759
46$1,039,693$939,481$911,105$1,049,456
47$1,114,649$954,424$910,535$1,091,591
48$1,196,272$969,119$908,966$1,136,759
49$1,285,210$983,523$906,335$1,185,259
50$1,382,177$997,592$902,573$1,237,421
51$1,487,960$1,011,275$897,610$1,293,609
52$1,603,424$1,024,519$891,372$1,354,227
53$1,729,521$1,037,269$883,781$1,419,721
54$1,867,301$1,049,464$874,757$1,490,582
55$2,017,918$1,061,040$864,213$1,567,353
56$2,182,642$1,071,927$852,061$1,650,634
57$2,362,874$1,082,054$838,206$1,741,089
58$2,560,153$1,091,341$822,553$1,839,449
59$2,776,177$1,099,705$804,997$1,946,521
60$3,012,815$1,107,058$785,432$2,063,199
61$3,272,124$1,113,306$763,746$2,190,468
62$3,556,371$1,118,348$739,821$2,329,415
63$3,868,051$1,122,078$713,536$2,481,241
64$4,209,914$1,124,381$684,761$2,647,273
65$4,584,988$1,125,138$653,363$2,828,973
66$4,996,608$1,124,221$619,202$3,027,957
67$5,448,447$1,121,493$582,130$3,246,008
68$5,944,552$1,116,810$541,995$3,485,094
69$6,489,382$1,110,020$498,638$3,747,387
70$7,087,847$1,100,958$451,890$4,035,284
71$7,745,357$1,089,454$401,577$4,351,429
72$8,467,870$1,075,325$347,517$4,698,742
73$9,261,954$1,058,377$289,520$5,080,441
74$10,134,840$1,038,404$227,386$5,500,082
75$11,094,498$1,015,190$160,908$5,961,583
76$12,149,707$988,505$89,869$6,469,270
77$13,310,140$958,104$14,042$7,027,914
78$14,586,454$923,731$0$7,642,778
79$15,990,390$885,112$0$8,338,936
80$17,534,885$841,958$0$9,109,095
81$19,234,194$793,964$0$9,956,343
82$21,104,020$740,806$0$10,888,549
83$23,161,669$682,145$0$11,914,389
84$25,426,206$617,617$0$13,043,425
85$27,918,641$546,842$0$14,286,197
86$30,662,122$469,417$0$15,654,325
87$33,682,155$384,914$0$17,160,618
88$37,006,844$292,885$0$18,819,193
89$40,667,159$192,853$0$20,645,615
90$44,697,223$84,317$0$22,657,038
91$49,134,637$0$0$24,872,372
92$54,020,834$0$0$27,322,342
93$59,401,468$0$0$30,047,943
94$65,326,848$0$0$33,049,625
95$71,852,410$0$0$36,355,488
96$79,039,238$0$0$39,996,496
97$86,954,647$0$0$44,006,767
98$95,672,809$0$0$48,423,901
99$105,275,461$0$0$53,289,329
100$115,852,670$0$0$58,648,705