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%18.9%
1 years$106,527$105,578$104,652$103,749$102,866$99,177
2 years$52,736$51,754$50,802$49,879$48,984$45,307
3 years$34,808$33,822$32,872$31,958$31,077$27,528
4 years$25,846$24,863$23,923$23,024$22,165$18,771
5 years$20,470$19,493$18,565$17,685$16,849$13,619
6 years$16,887$15,917$15,003$14,143$13,332$10,268
7 years$14,329$13,367$12,468$11,627$10,843$7,944
8 years$12,411$11,458$10,574$9,754$8,995$6,260
9 years$10,921$9,976$9,107$8,308$7,575$4,999
10 years$9,729$8,794$7,940$7,162$6,454$4,034
11 years$8,754$7,829$6,990$6,233$5,551$3,280
12 years$7,943$7,026$6,203$5,467$4,810$2,684
13 years$7,256$6,350$5,542$4,827$4,195$2,207
14 years$6,669$5,772$4,980$4,284$3,677$1,822
15 years$6,160$5,273$4,496$3,821$3,238$1,509
16 years$5,715$4,838$4,076$3,421$2,861$1,253
17 years$5,323$4,455$3,709$3,074$2,537$1,043
18 years$4,975$4,117$3,386$2,770$2,256$870
19 years$4,664$3,815$3,100$2,503$2,011$726
20 years$4,384$3,545$2,845$2,267$1,796$607
21 years$4,132$3,302$2,617$2,058$1,607$508
22 years$3,902$3,083$2,412$1,871$1,441$425
23 years$3,693$2,883$2,227$1,704$1,293$356
24 years$3,502$2,701$2,059$1,554$1,162$299
25 years$3,326$2,535$1,907$1,419$1,046$251
26 years$3,164$2,383$1,769$1,298$942$210
27 years$3,014$2,242$1,643$1,188$849$177
28 years$2,875$2,113$1,527$1,088$766$148
29 years$2,746$1,993$1,421$998$692$125
30 years$2,626$1,882$1,324$916$625$105
31 years$2,514$1,780$1,234$841$565$88
32 years$2,409$1,684$1,151$773$511$74
33 years$2,310$1,595$1,075$711$463$62
34 years$2,218$1,511$1,004$654$419$52
35 years$2,131$1,433$939$602$380$44
36 years$2,049$1,361$879$555$344$37
37 years$1,971$1,292$822$511$312$31
38 years$1,898$1,228$770$471$283$26
39 years$1,829$1,168$721$434$256$22
40 years$1,764$1,111$676$400$232$18
41 years$1,701$1,058$634$370$211$16
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$7
47 years$1,387$794$434$229$118$5
48 years$1,342$758$408$212$107$5
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 $2,380 every year, while hoping to spend $52,826 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: 29/48/23 Blend
44$1,290,000$1,290,000$1,290,000$1,290,000
45$1,424,035$1,355,665$1,335,670$1,455,044
46$1,513,080$1,365,886$1,324,208$1,489,490
47$1,609,437$1,374,838$1,310,592$1,521,662
48$1,713,797$1,382,401$1,294,694$1,555,153
49$1,826,917$1,388,452$1,276,379$1,590,112
50$1,949,632$1,392,856$1,255,508$1,626,704
51$2,082,860$1,395,471$1,231,933$1,665,116
52$2,227,610$1,396,147$1,205,501$1,705,558
53$2,384,992$1,394,724$1,176,050$1,748,266
54$2,556,226$1,391,031$1,143,413$1,793,506
55$2,742,658$1,384,888$1,107,414$1,841,573
56$2,945,765$1,376,104$1,067,869$1,892,801
57$3,167,174$1,364,474$1,024,584$1,947,562
58$3,408,678$1,349,785$977,359$2,006,271
59$3,672,245$1,331,807$925,983$2,069,393
60$3,960,047$1,310,298$870,236$2,137,449
61$4,274,472$1,285,003$809,889$2,211,017
62$4,618,148$1,255,648$744,700$2,290,744
63$4,993,972$1,221,947$674,420$2,377,352
64$5,405,129$1,183,595$598,786$2,471,642
65$5,855,131$1,140,270$517,524$2,574,510
66$6,347,841$1,091,630$430,348$2,686,951
67$6,887,516$1,037,315$336,959$2,810,073
68$7,478,841$976,942$237,046$2,945,106
69$8,126,979$910,108$130,283$3,093,421
70$8,837,614$836,386$16,330$3,256,538
71$9,617,006$755,325$0$3,436,146
72$10,472,052$666,447$0$3,659,958
73$11,410,347$569,249$0$3,910,176
74$12,440,258$463,198$0$4,185,192
75$13,571,001$347,731$0$4,487,669
76$14,812,727$222,254$0$4,820,550
77$16,176,620$86,139$0$5,187,092
78$17,675,000$0$0$5,590,899
79$19,321,438$0$0$6,068,319
80$21,130,885$0$0$6,643,230
81$23,119,814$0$0$7,275,394
82$25,306,371$0$0$7,970,607
83$27,710,550$0$0$8,735,255
84$30,354,377$0$0$9,576,374
85$33,262,121$0$0$10,501,716
86$36,460,520$0$0$11,519,822
87$39,979,035$0$0$12,640,104
88$43,850,123$0$0$13,872,930
89$48,109,550$0$0$15,229,726
90$52,796,719$0$0$16,723,080
91$57,955,049$0$0$18,366,863
92$63,632,380$0$0$20,176,361
93$69,881,426$0$0$22,168,414
94$76,760,268$0$0$24,361,579
95$84,332,907$0$0$26,776,305
96$92,669,863$0$0$29,435,123
97$101,848,840$0$0$32,362,860
98$111,955,462$0$0$35,586,876
99$123,084,079$0$0$39,137,316
100$135,338,652$0$0$43,047,399