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

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 $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%11.6%
1 years$106,527$105,578$104,652$103,749$102,866$102,175
2 years$52,736$51,754$50,802$49,879$48,984$48,287
3 years$34,808$33,822$32,872$31,958$31,077$30,396
4 years$25,846$24,863$23,923$23,024$22,165$21,504
5 years$20,470$19,493$18,565$17,685$16,849$16,212
6 years$16,887$15,917$15,003$14,143$13,332$12,718
7 years$14,329$13,367$12,468$11,627$10,843$10,253
8 years$12,411$11,458$10,574$9,754$8,995$8,429
9 years$10,921$9,976$9,107$8,308$7,575$7,033
10 years$9,729$8,794$7,940$7,162$6,454$5,936
11 years$8,754$7,829$6,990$6,233$5,551$5,056
12 years$7,943$7,026$6,203$5,467$4,810$4,338
13 years$7,256$6,350$5,542$4,827$4,195$3,745
14 years$6,669$5,772$4,980$4,284$3,677$3,249
15 years$6,160$5,273$4,496$3,821$3,238$2,830
16 years$5,715$4,838$4,076$3,421$2,861$2,475
17 years$5,323$4,455$3,709$3,074$2,537$2,170
18 years$4,975$4,117$3,386$2,770$2,256$1,908
19 years$4,664$3,815$3,100$2,503$2,011$1,682
20 years$4,384$3,545$2,845$2,267$1,796$1,485
21 years$4,132$3,302$2,617$2,058$1,607$1,314
22 years$3,902$3,083$2,412$1,871$1,441$1,164
23 years$3,693$2,883$2,227$1,704$1,293$1,032
24 years$3,502$2,701$2,059$1,554$1,162$917
25 years$3,326$2,535$1,907$1,419$1,046$815
26 years$3,164$2,383$1,769$1,298$942$725
27 years$3,014$2,242$1,643$1,188$849$646
28 years$2,875$2,113$1,527$1,088$766$575
29 years$2,746$1,993$1,421$998$692$513
30 years$2,626$1,882$1,324$916$625$457
31 years$2,514$1,780$1,234$841$565$408
32 years$2,409$1,684$1,151$773$511$365
33 years$2,310$1,595$1,075$711$463$326
34 years$2,218$1,511$1,004$654$419$291
35 years$2,131$1,433$939$602$380$260
36 years$2,049$1,361$879$555$344$232
37 years$1,971$1,292$822$511$312$208
38 years$1,898$1,228$770$471$283$186
39 years$1,829$1,168$721$434$256$166
40 years$1,764$1,111$676$400$232$149
41 years$1,701$1,058$634$370$211$133
42 years$1,642$1,007$595$341$191$119
43 years$1,586$960$558$315$174$107
44 years$1,533$915$524$291$158$96
45 years$1,482$872$492$268$143$86
46 years$1,433$832$462$248$130$77
47 years$1,387$794$434$229$118$69
48 years$1,342$758$408$212$107$61
49 years$1,300$724$383$196$97$55
50 years$1,259$692$360$181$88$49

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 $5,896 every year, while hoping to spend $57,154 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: 43/36/21 Blend
44$1,290,000$1,290,000$1,290,000$1,290,000
45$1,427,662$1,359,292$1,339,297$1,480,092
46$1,512,472$1,365,086$1,323,352$1,523,592
47$1,604,017$1,369,248$1,304,957$1,564,683
48$1,702,924$1,371,638$1,283,970$1,608,034
49$1,809,881$1,372,107$1,260,242$1,653,884
50$1,925,646$1,370,497$1,233,617$1,702,497
51$2,051,049$1,366,640$1,203,931$1,754,170
52$2,187,008$1,360,356$1,171,014$1,809,232
53$2,334,526$1,351,458$1,134,687$1,868,048
54$2,494,712$1,339,743$1,094,763$1,931,028
55$2,668,781$1,324,999$1,051,046$1,998,625
56$2,858,074$1,307,001$1,003,333$2,071,344
57$3,064,062$1,285,508$951,409$2,149,747
58$3,288,366$1,260,268$895,051$2,234,457
59$3,532,770$1,231,012$834,026$2,326,168
60$3,799,237$1,197,456$768,090$2,425,650
61$4,089,926$1,159,298$696,988$2,533,757
62$4,407,215$1,116,220$620,454$2,651,438
63$4,753,721$1,067,885$538,210$2,779,746
64$5,132,326$1,013,937$449,965$2,919,849
65$5,546,200$953,997$355,416$3,073,041
66$5,998,837$887,667$254,246$3,240,757
67$6,494,081$814,525$146,126$3,424,590
68$7,036,165$734,125$30,709$3,626,303
69$7,629,752$645,995$0$3,847,847
70$8,279,976$549,638$0$4,112,105
71$8,992,491$444,528$0$4,409,445
72$9,773,522$330,107$0$4,735,717
73$10,629,928$205,789$0$5,093,949
74$11,569,263$70,954$0$5,487,486
75$12,599,844$0$0$5,920,021
76$13,730,836$0$0$6,425,367
77$14,972,332$0$0$7,011,107
78$16,335,451$0$0$7,654,399
79$17,832,440$0$0$8,361,043
80$19,476,791$0$0$9,137,431
81$21,283,368$0$0$9,990,602
82$23,268,543$0$0$10,928,313
83$25,450,356$0$0$11,959,109
84$27,848,679$0$0$13,092,403
85$30,485,407$0$0$14,338,567
86$33,384,659$0$0$15,709,029
87$36,573,012$0$0$17,216,377
88$40,079,746$0$0$18,874,484
89$43,937,119$0$0$20,698,631
90$48,180,675$0$0$22,705,658
91$52,849,577$0$0$24,914,118
92$57,986,972$0$0$27,344,455
93$63,640,403$0$0$30,019,193
94$69,862,256$0$0$32,963,150
95$76,710,249$0$0$36,203,674
96$84,247,982$0$0$39,770,898
97$92,545,532$0$0$43,698,023
98$101,680,116$0$0$48,021,636
99$111,736,818$0$0$52,782,049
100$122,809,393$0$0$58,023,683