Can I retire at age 45 with 1,290,000?

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 $1,290,000?

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$106,527$105,578$104,652$103,749$102,866$99,773
2 years$52,736$51,754$50,802$49,879$48,984$45,894
3 years$34,808$33,822$32,872$31,958$31,077$28,087
4 years$25,846$24,863$23,923$23,024$22,165$19,297
5 years$20,470$19,493$18,565$17,685$16,849$14,112
6 years$16,887$15,917$15,003$14,143$13,332$10,728
7 years$14,329$13,367$12,468$11,627$10,843$8,371
8 years$12,411$11,458$10,574$9,754$8,995$6,655
9 years$10,921$9,976$9,107$8,308$7,575$5,364
10 years$9,729$8,794$7,940$7,162$6,454$4,369
11 years$8,754$7,829$6,990$6,233$5,551$3,588
12 years$7,943$7,026$6,203$5,467$4,810$2,965
13 years$7,256$6,350$5,542$4,827$4,195$2,463
14 years$6,669$5,772$4,980$4,284$3,677$2,055
15 years$6,160$5,273$4,496$3,821$3,238$1,720
16 years$5,715$4,838$4,076$3,421$2,861$1,444
17 years$5,323$4,455$3,709$3,074$2,537$1,215
18 years$4,975$4,117$3,386$2,770$2,256$1,024
19 years$4,664$3,815$3,100$2,503$2,011$865
20 years$4,384$3,545$2,845$2,267$1,796$731
21 years$4,132$3,302$2,617$2,058$1,607$619
22 years$3,902$3,083$2,412$1,871$1,441$525
23 years$3,693$2,883$2,227$1,704$1,293$445
24 years$3,502$2,701$2,059$1,554$1,162$377
25 years$3,326$2,535$1,907$1,419$1,046$320
26 years$3,164$2,383$1,769$1,298$942$272
27 years$3,014$2,242$1,643$1,188$849$231
28 years$2,875$2,113$1,527$1,088$766$197
29 years$2,746$1,993$1,421$998$692$167
30 years$2,626$1,882$1,324$916$625$142
31 years$2,514$1,780$1,234$841$565$121
32 years$2,409$1,684$1,151$773$511$103
33 years$2,310$1,595$1,075$711$463$88
34 years$2,218$1,511$1,004$654$419$75
35 years$2,131$1,433$939$602$380$63
36 years$2,049$1,361$879$555$344$54
37 years$1,971$1,292$822$511$312$46
38 years$1,898$1,228$770$471$283$39
39 years$1,829$1,168$721$434$256$33
40 years$1,764$1,111$676$400$232$28
41 years$1,701$1,058$634$370$211$24
42 years$1,642$1,007$595$341$191$21
43 years$1,586$960$558$315$174$18
44 years$1,533$915$524$291$158$15
45 years$1,482$872$492$268$143$13
46 years$1,433$832$462$248$130$11
47 years$1,387$794$434$229$118$9
48 years$1,342$758$408$212$107$8
49 years$1,300$724$383$196$97$7
50 years$1,259$692$360$181$88$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,290,000, adding $4,111 every year, while hoping to spend $51,983 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: 34/39/27 Blend
44$1,290,000$1,290,000$1,290,000$1,290,000
45$1,425,820$1,357,450$1,337,455$1,462,517
46$1,515,945$1,368,656$1,326,951$1,501,679
47$1,613,519$1,378,668$1,314,352$1,538,929
48$1,719,249$1,387,374$1,299,534$1,578,083
49$1,833,910$1,394,653$1,282,365$1,619,348
50$1,958,354$1,400,376$1,262,710$1,662,951
51$2,093,519$1,404,408$1,240,424$1,709,149
52$2,240,437$1,406,602$1,215,356$1,758,227
53$2,400,241$1,406,805$1,187,350$1,810,503
54$2,574,181$1,404,854$1,156,242$1,866,331
55$2,763,629$1,400,574$1,121,858$1,926,109
56$2,970,098$1,393,781$1,084,019$1,990,276
57$3,195,252$1,384,280$1,042,537$2,059,323
58$3,440,920$1,371,862$997,215$2,133,797
59$3,709,119$1,356,308$947,847$2,214,305
60$4,002,066$1,337,385$894,217$2,301,523
61$4,322,205$1,314,844$836,101$2,396,204
62$4,672,224$1,288,425$773,264$2,499,180
63$5,055,082$1,257,850$705,460$2,611,381
64$5,474,041$1,222,825$632,434$2,733,835
65$5,932,689$1,183,039$553,915$2,867,685
66$6,434,978$1,138,162$469,626$3,014,200
67$6,985,260$1,087,847$379,274$3,174,787
68$7,588,330$1,031,725$282,553$3,351,006
69$8,249,467$969,406$179,145$3,544,586
70$8,974,483$900,478$68,717$3,757,445
71$9,769,784$824,505$0$3,991,707
72$10,642,422$741,026$0$4,263,880
73$11,600,167$649,555$0$4,584,462
74$12,651,577$549,576$0$4,936,632
75$13,806,079$440,546$0$5,323,698
76$15,074,058$321,891$0$5,749,315
77$16,466,953$193,005$0$6,217,521
78$17,997,366$53,246$0$6,732,775
79$19,679,181$0$0$7,300,000
80$21,527,693$0$0$7,966,717
81$23,559,752$0$0$8,724,962
82$25,793,922$0$0$9,558,835
83$28,250,657$0$0$10,475,997
84$30,952,490$0$0$11,484,887
85$33,924,248$0$0$12,594,805
86$37,193,285$0$0$13,815,997
87$40,789,741$0$0$15,159,750
88$44,746,821$0$0$16,638,503
89$49,101,114$0$0$18,265,961
90$53,892,933$0$0$20,057,226
91$59,166,699$0$0$22,028,936
92$64,971,354$0$0$24,199,426
93$71,360,828$0$0$26,588,897
94$78,394,544$0$0$29,219,609
95$86,137,979$0$0$32,116,092
96$94,663,281$0$0$35,305,372
97$104,049,949$0$0$38,817,232
98$114,385,584$0$0$42,684,490
99$125,766,714$0$0$46,943,306
100$138,299,704$0$0$51,633,529