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%16.3%
1 years$106,527$105,578$104,652$103,749$102,866$100,217
2 years$52,736$51,754$50,802$49,879$48,984$46,332
3 years$34,808$33,822$32,872$31,958$31,077$28,507
4 years$25,846$24,863$23,923$23,024$22,165$19,694
5 years$20,470$19,493$18,565$17,685$16,849$14,486
6 years$16,887$15,917$15,003$14,143$13,332$11,079
7 years$14,329$13,367$12,468$11,627$10,843$8,699
8 years$12,411$11,458$10,574$9,754$8,995$6,961
9 years$10,921$9,976$9,107$8,308$7,575$5,648
10 years$9,729$8,794$7,940$7,162$6,454$4,632
11 years$8,754$7,829$6,990$6,233$5,551$3,830
12 years$7,943$7,026$6,203$5,467$4,810$3,189
13 years$7,256$6,350$5,542$4,827$4,195$2,669
14 years$6,669$5,772$4,980$4,284$3,677$2,243
15 years$6,160$5,273$4,496$3,821$3,238$1,893
16 years$5,715$4,838$4,076$3,421$2,861$1,601
17 years$5,323$4,455$3,709$3,074$2,537$1,358
18 years$4,975$4,117$3,386$2,770$2,256$1,154
19 years$4,664$3,815$3,100$2,503$2,011$983
20 years$4,384$3,545$2,845$2,267$1,796$838
21 years$4,132$3,302$2,617$2,058$1,607$715
22 years$3,902$3,083$2,412$1,871$1,441$611
23 years$3,693$2,883$2,227$1,704$1,293$523
24 years$3,502$2,701$2,059$1,554$1,162$448
25 years$3,326$2,535$1,907$1,419$1,046$383
26 years$3,164$2,383$1,769$1,298$942$329
27 years$3,014$2,242$1,643$1,188$849$282
28 years$2,875$2,113$1,527$1,088$766$242
29 years$2,746$1,993$1,421$998$692$207
30 years$2,626$1,882$1,324$916$625$178
31 years$2,514$1,780$1,234$841$565$153
32 years$2,409$1,684$1,151$773$511$131
33 years$2,310$1,595$1,075$711$463$113
34 years$2,218$1,511$1,004$654$419$97
35 years$2,131$1,433$939$602$380$83
36 years$2,049$1,361$879$555$344$71
37 years$1,971$1,292$822$511$312$61
38 years$1,898$1,228$770$471$283$53
39 years$1,829$1,168$721$434$256$45
40 years$1,764$1,111$676$400$232$39
41 years$1,701$1,058$634$370$211$34
42 years$1,642$1,007$595$341$191$29
43 years$1,586$960$558$315$174$25
44 years$1,533$915$524$291$158$21
45 years$1,482$872$492$268$143$18
46 years$1,433$832$462$248$130$16
47 years$1,387$794$434$229$118$14
48 years$1,342$758$408$212$107$12
49 years$1,300$724$383$196$97$10
50 years$1,259$692$360$181$88$9

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 $3,350 every year, while hoping to spend $43,297 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: 74/8/18 Blend
44$1,290,000$1,290,000$1,290,000$1,290,000
45$1,425,036$1,356,666$1,336,671$1,524,305
46$1,524,321$1,377,074$1,335,381$1,610,974
47$1,632,283$1,397,032$1,332,598$1,700,296
48$1,749,761$1,416,471$1,328,224$1,797,042
49$1,877,677$1,435,319$1,322,160$1,901,940
50$2,017,047$1,453,497$1,314,300$2,015,794
51$2,168,991$1,470,923$1,304,534$2,139,487
52$2,334,739$1,487,509$1,292,746$2,273,995
53$2,515,645$1,503,159$1,278,816$2,420,391
54$2,713,200$1,517,774$1,262,616$2,579,860
55$2,929,046$1,531,244$1,244,013$2,753,707
56$3,164,990$1,543,457$1,222,869$2,943,370
57$3,423,021$1,554,289$1,199,037$3,150,434
58$3,705,331$1,563,610$1,172,367$3,376,647
59$4,014,331$1,571,283$1,142,697$3,623,934
60$4,352,677$1,577,160$1,109,862$3,894,419
61$4,723,294$1,581,085$1,073,686$4,190,441
62$5,129,403$1,582,892$1,033,988$4,514,579
63$5,574,553$1,582,403$990,577$4,869,676
64$6,062,648$1,579,433$943,252$5,258,865
65$6,597,994$1,573,780$891,807$5,685,601
66$7,185,329$1,565,235$836,022$6,153,689
67$7,829,873$1,553,572$775,669$6,667,327
68$8,537,378$1,538,555$710,512$7,231,140
69$9,314,178$1,519,931$640,301$7,850,225
70$10,167,249$1,497,433$564,777$8,530,203
71$11,104,279$1,470,778$483,667$9,277,267
72$12,133,735$1,439,666$396,690$10,098,246
73$13,264,946$1,403,780$303,549$11,000,665
74$14,508,188$1,362,782$203,935$11,992,818
75$15,874,782$1,316,317$97,526$13,083,849
76$17,377,201$1,264,009$0$14,283,835
77$19,029,188$1,205,457$0$15,606,963
78$20,845,882$1,140,242$0$17,082,586
79$22,843,965$1,067,916$0$18,705,519
80$25,041,813$988,007$0$20,490,708
81$27,459,676$900,018$0$22,454,624
82$30,119,865$803,421$0$24,615,416
83$33,046,961$697,658$0$26,993,083
84$36,268,049$582,142$0$29,609,662
85$39,812,973$456,249$0$32,489,437
86$43,714,614$319,324$0$35,659,168
87$48,009,206$170,672$0$39,148,342
88$52,736,671$9,560$0$42,989,453
89$57,940,998$0$0$47,218,310
90$63,670,661$0$0$51,888,878
91$69,979,069$0$0$57,032,210
92$76,925,075$0$0$62,695,459
93$84,573,531$0$0$68,931,506
94$92,995,895$0$0$75,798,625
95$102,270,910$0$0$83,361,028
96$112,485,344$0$0$91,689,471
97$123,734,808$0$0$100,861,921
98$136,124,661$0$0$110,964,296
99$149,770,998$0$0$122,091,268
100$164,801,753$0$0$134,347,163