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%19.8%
1 years$72,504$71,859$71,228$70,613$70,013$67,262
2 years$35,893$35,225$34,577$33,949$33,340$30,601
3 years$23,691$23,020$22,374$21,751$21,152$18,513
4 years$17,591$16,922$16,282$15,671$15,086$12,566
5 years$13,932$13,267$12,636$12,037$11,468$9,074
6 years$11,494$10,834$10,212$9,626$9,074$6,808
7 years$9,753$9,098$8,486$7,914$7,380$5,240
8 years$8,447$7,799$7,197$6,639$6,122$4,107
9 years$7,433$6,790$6,198$5,655$5,156$3,262
10 years$6,622$5,985$5,404$4,874$4,393$2,617
11 years$5,958$5,328$4,758$4,242$3,778$2,116
12 years$5,406$4,782$4,222$3,721$3,274$1,721
13 years$4,939$4,322$3,772$3,285$2,855$1,406
14 years$4,539$3,928$3,389$2,916$2,503$1,154
15 years$4,193$3,589$3,060$2,601$2,204$949
16 years$3,890$3,293$2,775$2,329$1,948$783
17 years$3,623$3,032$2,525$2,092$1,727$648
18 years$3,386$2,802$2,305$1,886$1,535$536
19 years$3,174$2,597$2,110$1,704$1,369$445
20 years$2,984$2,413$1,936$1,543$1,222$369
21 years$2,812$2,248$1,781$1,400$1,094$307
22 years$2,656$2,098$1,642$1,273$981$255
23 years$2,514$1,962$1,516$1,160$880$212
24 years$2,383$1,839$1,402$1,058$791$177
25 years$2,264$1,725$1,298$966$712$147
26 years$2,153$1,622$1,204$883$641$123
27 years$2,051$1,526$1,118$808$578$102
28 years$1,957$1,438$1,039$741$522$85
29 years$1,869$1,357$967$679$471$71
30 years$1,787$1,281$901$623$426$59
31 years$1,711$1,211$840$572$385$49
32 years$1,639$1,146$784$526$348$41
33 years$1,572$1,085$732$484$315$34
34 years$1,509$1,029$684$445$285$29
35 years$1,450$976$639$410$258$24
36 years$1,394$926$598$377$234$20
37 years$1,342$880$560$348$212$17
38 years$1,292$836$524$321$192$14
39 years$1,245$795$491$296$174$12
40 years$1,200$756$460$273$158$10
41 years$1,158$720$432$251$144$8
42 years$1,118$686$405$232$130$7
43 years$1,080$653$380$214$118$6
44 years$1,043$623$357$198$107$5
45 years$1,009$594$335$183$97$4
46 years$975$566$314$169$88$3
47 years$944$541$295$156$80$3
48 years$914$516$278$144$73$2
49 years$885$493$261$133$66$2
50 years$857$471$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $878,000, adding $5,106 every year, while hoping to spend $49,135 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: 70/15/15 Blend
44$878,000$878,000$878,000$878,000
45$972,823$926,289$912,680$1,037,234
46$1,019,772$919,398$890,975$1,073,822
47$1,069,862$910,522$866,897$1,107,471
48$1,123,363$899,513$840,313$1,143,030
49$1,180,570$886,212$811,087$1,180,682
50$1,241,803$870,452$779,074$1,220,627
51$1,307,419$852,056$744,124$1,263,086
52$1,377,804$830,835$706,081$1,308,305
53$1,453,385$806,591$664,779$1,356,557
54$1,534,628$779,112$620,048$1,408,142
55$1,622,049$748,177$571,708$1,463,393
56$1,716,209$713,549$519,571$1,522,679
57$1,817,728$674,978$463,443$1,586,408
58$1,927,285$632,201$403,117$1,655,032
59$2,045,628$584,939$338,381$1,729,050
60$2,173,577$532,897$269,012$1,809,014
61$2,312,035$475,762$194,778$1,895,535
62$2,461,994$413,205$115,433$1,989,289
63$2,624,543$344,878$30,726$2,091,023
64$2,800,883$270,413$0$2,201,563
65$2,992,330$189,421$0$2,331,374
66$3,200,338$101,492$0$2,477,784
67$3,426,499$6,192$0$2,637,031
68$3,672,571$0$0$2,810,399
69$3,940,483$0$0$3,015,300
70$4,232,362$0$0$3,239,687
71$4,550,546$0$0$3,484,342
72$4,897,610$0$0$3,751,249
73$5,276,385$0$0$4,042,593
74$5,689,990$0$0$4,360,778
75$6,141,859$0$0$4,708,453
76$6,635,771$0$0$5,088,531
77$7,175,886$0$0$5,504,221
78$7,766,785$0$0$5,959,056
79$8,413,514$0$0$6,456,927
80$9,121,626$0$0$7,002,117
81$9,897,238$0$0$7,599,344
82$10,747,087$0$0$8,253,802
83$11,678,591$0$0$8,971,215
84$12,699,920$0$0$9,757,882
85$13,820,073$0$0$10,620,745
86$15,048,962$0$0$11,567,448
87$16,397,504$0$0$12,606,412
88$17,877,724$0$0$13,746,911
89$19,502,868$0$0$14,999,162
90$21,287,527$0$0$16,374,420
91$23,247,776$0$0$17,885,082
92$25,401,322$0$0$19,544,807
93$27,767,670$0$0$21,368,640
94$30,368,311$0$0$23,373,158
95$33,226,921$0$0$25,576,621
96$36,369,582$0$0$27,999,149
97$39,825,030$0$0$30,662,906
98$43,624,924$0$0$33,592,314
99$47,804,147$0$0$36,814,278
100$52,401,129$0$0$40,358,442