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%19%
1 years$106,527$105,578$104,652$103,749$102,866$99,138
2 years$52,736$51,754$50,802$49,879$48,984$45,268
3 years$34,808$33,822$32,872$31,958$31,077$27,492
4 years$25,846$24,863$23,923$23,024$22,165$18,736
5 years$20,470$19,493$18,565$17,685$16,849$13,587
6 years$16,887$15,917$15,003$14,143$13,332$10,238
7 years$14,329$13,367$12,468$11,627$10,843$7,917
8 years$12,411$11,458$10,574$9,754$8,995$6,234
9 years$10,921$9,976$9,107$8,308$7,575$4,976
10 years$9,729$8,794$7,940$7,162$6,454$4,012
11 years$8,754$7,829$6,990$6,233$5,551$3,261
12 years$7,943$7,026$6,203$5,467$4,810$2,666
13 years$7,256$6,350$5,542$4,827$4,195$2,191
14 years$6,669$5,772$4,980$4,284$3,677$1,808
15 years$6,160$5,273$4,496$3,821$3,238$1,496
16 years$5,715$4,838$4,076$3,421$2,861$1,242
17 years$5,323$4,455$3,709$3,074$2,537$1,032
18 years$4,975$4,117$3,386$2,770$2,256$860
19 years$4,664$3,815$3,100$2,503$2,011$718
20 years$4,384$3,545$2,845$2,267$1,796$599
21 years$4,132$3,302$2,617$2,058$1,607$501
22 years$3,902$3,083$2,412$1,871$1,441$419
23 years$3,693$2,883$2,227$1,704$1,293$351
24 years$3,502$2,701$2,059$1,554$1,162$294
25 years$3,326$2,535$1,907$1,419$1,046$247
26 years$3,164$2,383$1,769$1,298$942$207
27 years$3,014$2,242$1,643$1,188$849$173
28 years$2,875$2,113$1,527$1,088$766$146
29 years$2,746$1,993$1,421$998$692$122
30 years$2,626$1,882$1,324$916$625$103
31 years$2,514$1,780$1,234$841$565$86
32 years$2,409$1,684$1,151$773$511$72
33 years$2,310$1,595$1,075$711$463$61
34 years$2,218$1,511$1,004$654$419$51
35 years$2,131$1,433$939$602$380$43
36 years$2,049$1,361$879$555$344$36
37 years$1,971$1,292$822$511$312$30
38 years$1,898$1,228$770$471$283$25
39 years$1,829$1,168$721$434$256$21
40 years$1,764$1,111$676$400$232$18
41 years$1,701$1,058$634$370$211$15
42 years$1,642$1,007$595$341$191$13
43 years$1,586$960$558$315$174$11
44 years$1,533$915$524$291$158$9
45 years$1,482$872$492$268$143$8
46 years$1,433$832$462$248$130$6
47 years$1,387$794$434$229$118$5
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$4
50 years$1,259$692$360$181$88$3

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 $3,714 every year, while hoping to spend $48,582 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: 50/23/27 Blend
44$1,290,000$1,290,000$1,290,000$1,290,000
45$1,425,411$1,357,041$1,337,046$1,485,638
46$1,519,112$1,371,845$1,330,146$1,542,873
47$1,620,742$1,385,746$1,321,387$1,599,897
48$1,731,059$1,398,649$1,310,655$1,660,920
49$1,850,896$1,410,452$1,297,830$1,726,342
50$1,981,170$1,421,046$1,282,790$1,796,609
51$2,122,887$1,430,316$1,265,402$1,872,212
52$2,277,159$1,438,138$1,245,530$1,953,693
53$2,445,205$1,444,383$1,223,031$2,041,655
54$2,628,369$1,448,910$1,197,755$2,136,762
55$2,828,128$1,451,573$1,169,546$2,239,749
56$3,046,111$1,452,214$1,138,239$2,351,429
57$3,284,107$1,450,665$1,103,663$2,472,702
58$3,544,089$1,446,751$1,065,639$2,604,560
59$3,828,227$1,440,282$1,023,978$2,748,103
60$4,138,909$1,431,059$978,485$2,904,543
61$4,478,768$1,418,871$928,954$3,075,222
62$4,850,700$1,403,493$875,172$3,261,623
63$5,257,894$1,384,687$816,913$3,465,384
64$5,703,863$1,362,201$753,943$3,688,313
65$6,192,476$1,335,768$686,019$3,932,410
66$6,727,992$1,305,104$612,884$4,199,883
67$7,315,103$1,269,909$534,271$4,493,169
68$7,958,976$1,229,868$449,902$4,814,962
69$8,665,303$1,184,642$359,485$5,168,236
70$9,440,352$1,133,878$262,716$5,556,274
71$10,291,029$1,077,199$159,278$5,982,703
72$11,224,939$1,014,207$48,839$6,451,524
73$12,250,461$944,481$0$6,967,156
74$13,376,824$867,577$0$7,554,362
75$14,614,197$783,025$0$8,214,948
76$15,973,779$690,327$0$8,940,881
77$17,467,909$588,958$0$9,738,832
78$19,110,182$478,364$0$10,616,157
79$20,915,575$357,957$0$11,580,965
80$22,900,586$227,120$0$12,642,198
81$25,083,395$85,197$0$13,809,713
82$27,484,028$0$0$15,094,378
83$30,124,554$0$0$16,525,512
84$33,029,283$0$0$18,123,714
85$36,225,004$0$0$19,882,181
86$39,741,230$0$0$21,817,171
87$43,610,482$0$0$23,946,601
88$47,868,590$0$0$26,290,211
89$52,555,035$0$0$28,869,753
90$57,713,319$0$0$31,709,193
91$63,391,374$0$0$34,834,939
92$69,642,017$0$0$38,276,092
93$76,523,444$0$0$42,064,713
94$84,099,782$0$0$46,236,135
95$92,441,691$0$0$50,829,287
96$101,627,032$0$0$55,887,068
97$111,741,601$0$0$61,456,749
98$122,879,937$0$0$67,590,417
99$135,146,216$0$0$74,345,469
100$148,655,230$0$0$81,785,152