Can I retire at age 44 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$86,708$85,936$85,182$84,447$83,728$81,937
2 years$42,925$42,125$41,351$40,599$39,871$38,075
3 years$28,332$27,529$26,757$26,012$25,296$23,551
4 years$21,037$20,237$19,472$18,740$18,041$16,362
5 years$16,662$15,866$15,111$14,394$13,715$12,105
6 years$13,745$12,956$12,212$11,511$10,852$9,313
7 years$11,663$10,880$10,148$9,464$8,825$7,358
8 years$10,102$9,326$8,606$7,939$7,322$5,926
9 years$8,889$8,120$7,413$6,762$6,166$4,840
10 years$7,919$7,158$6,463$5,829$5,254$3,996
11 years$7,125$6,372$5,690$5,073$4,518$3,328
12 years$6,465$5,719$5,049$4,450$3,915$2,791
13 years$5,906$5,168$4,511$3,929$3,414$2,353
14 years$5,428$4,698$4,053$3,487$2,993$1,993
15 years$5,014$4,292$3,660$3,110$2,635$1,694
16 years$4,652$3,938$3,318$2,785$2,329$1,445
17 years$4,333$3,626$3,019$2,502$2,065$1,235
18 years$4,049$3,351$2,756$2,255$1,836$1,058
19 years$3,796$3,106$2,523$2,037$1,637$908
20 years$3,569$2,886$2,316$1,845$1,462$781
21 years$3,363$2,688$2,130$1,675$1,308$672
22 years$3,176$2,509$1,963$1,523$1,173$580
23 years$3,006$2,347$1,813$1,387$1,053$500
24 years$2,850$2,199$1,676$1,265$946$432
25 years$2,707$2,063$1,553$1,155$851$373
26 years$2,575$1,939$1,440$1,056$767$323
27 years$2,453$1,825$1,337$967$691$279
28 years$2,340$1,720$1,243$886$624$242
29 years$2,235$1,622$1,157$812$563$209
30 years$2,137$1,532$1,077$745$509$181
31 years$2,046$1,448$1,004$685$460$157
32 years$1,961$1,371$937$629$416$136
33 years$1,880$1,298$875$579$377$118
34 years$1,805$1,230$818$532$341$102
35 years$1,734$1,167$764$490$309$89
36 years$1,668$1,107$715$451$280$77
37 years$1,605$1,052$669$416$254$67
38 years$1,545$1,000$627$383$230$58
39 years$1,489$951$587$353$209$50
40 years$1,436$904$550$326$189$44
41 years$1,385$861$516$301$172$38
42 years$1,337$820$484$278$156$33
43 years$1,291$781$454$256$141$28
44 years$1,248$745$426$237$128$25
45 years$1,206$710$400$218$116$21
46 years$1,167$677$376$202$106$19
47 years$1,129$646$353$186$96$16
48 years$1,093$617$332$172$87$14
49 years$1,058$589$312$159$79$12
50 years$1,025$563$293$147$72$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,050,000, adding $5,933 every year, while hoping to spend $24,818 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: 50/30/20 Blend
43$1,050,000$1,050,000$1,050,000$1,050,000
44$1,163,220$1,107,570$1,091,295$1,214,614
45$1,255,462$1,135,435$1,101,447$1,278,662
46$1,356,281$1,163,833$1,111,108$1,345,207
47$1,466,526$1,192,765$1,120,234$1,417,005
48$1,587,131$1,222,229$1,128,781$1,494,562
49$1,719,124$1,252,225$1,136,701$1,578,433
50$1,863,639$1,282,748$1,143,945$1,669,232
51$2,021,924$1,313,796$1,150,460$1,767,635
52$2,195,351$1,345,363$1,156,192$1,874,385
53$2,385,435$1,377,444$1,161,082$1,990,302
54$2,593,841$1,410,030$1,165,070$2,116,290
55$2,822,405$1,443,114$1,168,092$2,253,345
56$3,073,148$1,476,684$1,170,081$2,402,562
57$3,348,297$1,510,730$1,170,967$2,565,151
58$3,650,304$1,545,237$1,170,675$2,742,443
59$3,981,872$1,580,189$1,169,129$2,935,907
60$4,345,975$1,615,571$1,166,247$3,147,160
61$4,745,892$1,651,361$1,161,944$3,377,984
62$5,185,234$1,687,540$1,156,130$3,630,344
63$5,667,980$1,724,081$1,148,713$3,906,405
64$6,198,512$1,760,960$1,139,593$4,208,555
65$6,781,660$1,798,146$1,128,669$4,539,422
66$7,422,741$1,835,607$1,115,831$4,901,905
67$8,127,618$1,873,309$1,100,969$5,299,201
68$8,902,746$1,911,212$1,083,962$5,734,828
69$9,755,240$1,949,276$1,064,689$6,212,670
70$10,692,938$1,987,453$1,043,019$6,737,003
71$11,724,474$2,025,695$1,018,817$7,312,543
72$12,859,364$2,063,948$991,941$7,944,485
73$14,108,091$2,102,153$962,243$8,638,558
74$15,482,207$2,140,249$929,568$9,401,073
75$16,994,437$2,178,166$893,753$10,238,990
76$18,658,805$2,215,832$854,630$11,159,976
77$20,490,764$2,253,168$812,021$12,172,485
78$22,507,338$2,290,090$765,740$13,285,833
79$24,727,289$2,326,506$715,594$14,510,289
80$27,171,286$2,362,319$661,381$15,857,169
81$29,862,109$2,397,424$602,888$17,338,947
82$32,824,855$2,431,709$539,896$18,969,373
83$36,087,180$2,465,053$472,173$20,763,599
84$39,679,560$2,497,328$399,478$22,738,327
85$43,635,574$2,528,396$321,559$24,911,964
86$47,992,226$2,558,111$238,155$27,304,799
87$52,790,290$2,586,315$148,990$29,939,192
88$58,074,696$2,612,841$53,778$32,839,789
89$63,894,955$2,637,510$0$36,033,752
90$70,305,625$2,660,133$0$39,561,225
91$77,366,825$2,680,505$0$43,457,906
92$85,144,803$2,698,412$0$47,748,742
93$93,712,561$2,713,622$0$52,473,883
94$103,150,545$2,725,893$0$57,677,579
95$113,547,401$2,734,962$0$63,408,590
96$125,000,815$2,740,554$0$69,720,655
97$137,618,432$2,742,375$0$76,672,991
98$151,518,873$2,740,112$0$84,330,862
99$166,832,855$2,733,435$0$92,766,186
100$183,704,423$2,721,990$0$102,058,223