Can I retire at age 44 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$87,534$86,754$85,993$85,251$84,526$81,527
2 years$43,334$42,527$41,744$40,986$40,250$37,261
3 years$28,602$27,792$27,011$26,260$25,537$22,650
4 years$21,238$20,430$19,657$18,919$18,213$15,452
5 years$16,820$16,017$15,255$14,532$13,845$11,217
6 years$13,876$13,079$12,328$11,621$10,955$8,462
7 years$11,774$10,984$10,245$9,554$8,909$6,551
8 years$10,199$9,415$8,688$8,015$7,391$5,165
9 years$8,974$8,198$7,483$6,827$6,225$4,127
10 years$7,994$7,226$6,524$5,885$5,304$3,332
11 years$7,193$6,433$5,744$5,122$4,561$2,712
12 years$6,526$5,774$5,097$4,492$3,953$2,220
13 years$5,963$5,218$4,554$3,966$3,447$1,827
14 years$5,480$4,743$4,092$3,521$3,021$1,509
15 years$5,062$4,333$3,695$3,140$2,660$1,251
16 years$4,696$3,975$3,350$2,811$2,351$1,040
17 years$4,374$3,661$3,048$2,526$2,085$866
18 years$4,088$3,383$2,782$2,276$1,854$722
19 years$3,832$3,135$2,547$2,057$1,652$604
20 years$3,603$2,913$2,338$1,863$1,476$505
21 years$3,395$2,714$2,150$1,691$1,321$423
22 years$3,206$2,533$1,982$1,537$1,184$354
23 years$3,035$2,369$1,830$1,400$1,063$297
24 years$2,877$2,220$1,692$1,277$955$249
25 years$2,733$2,083$1,567$1,166$859$209
26 years$2,600$1,958$1,454$1,066$774$176
27 years$2,477$1,843$1,350$976$698$148
28 years$2,363$1,736$1,255$894$630$124
29 years$2,256$1,638$1,168$820$569$104
30 years$2,158$1,547$1,088$753$514$88
31 years$2,065$1,462$1,014$691$465$74
32 years$1,979$1,384$946$635$420$62
33 years$1,898$1,310$883$584$380$52
34 years$1,822$1,242$825$537$344$44
35 years$1,751$1,178$772$495$312$37
36 years$1,684$1,118$722$456$283$31
37 years$1,620$1,062$676$420$256$26
38 years$1,560$1,009$633$387$232$22
39 years$1,503$960$593$357$211$19
40 years$1,449$913$556$329$191$16
41 years$1,398$869$521$304$173$13
42 years$1,350$828$489$280$157$11
43 years$1,303$789$459$259$143$9
44 years$1,259$752$430$239$130$8
45 years$1,218$717$404$221$118$7
46 years$1,178$684$380$204$107$6
47 years$1,140$653$357$188$97$5
48 years$1,103$623$335$174$88$4
49 years$1,068$595$315$161$80$3
50 years$1,035$568$296$149$73$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,060,000, adding $4,723 every year, while hoping to spend $30,641 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: 64/24/12 Blend
43$1,060,000$1,060,000$1,060,000$1,060,000
44$1,172,992$1,116,812$1,100,382$1,244,531
45$1,260,035$1,138,934$1,104,643$1,315,056
46$1,354,930$1,161,113$1,108,020$1,388,069
47$1,458,445$1,183,319$1,110,450$1,467,054
48$1,571,425$1,205,521$1,111,870$1,552,591
49$1,694,803$1,227,684$1,112,209$1,645,320
50$1,829,603$1,249,770$1,111,398$1,745,946
51$1,976,952$1,271,739$1,109,360$1,855,244
52$2,138,095$1,293,548$1,106,017$1,974,071
53$2,314,398$1,315,149$1,101,286$2,103,369
54$2,507,368$1,336,493$1,095,080$2,244,177
55$2,718,663$1,357,524$1,087,309$2,397,641
56$2,950,110$1,378,186$1,077,877$2,565,021
57$3,203,720$1,398,416$1,066,685$2,747,709
58$3,481,708$1,418,147$1,053,628$2,947,238
59$3,786,514$1,437,309$1,038,596$3,165,296
60$4,120,825$1,455,823$1,021,476$3,403,745
61$4,487,601$1,473,610$1,002,147$3,664,638
62$4,890,101$1,490,581$980,483$3,950,236
63$5,331,915$1,506,644$956,354$4,263,031
64$5,817,001$1,521,700$929,621$4,605,773
65$6,349,713$1,535,642$900,142$4,981,488
66$6,934,853$1,548,357$867,766$5,393,517
67$7,577,707$1,559,726$832,336$5,845,537
68$8,284,101$1,569,620$793,686$6,341,604
69$9,060,451$1,577,903$751,647$6,886,190
70$9,913,827$1,584,430$706,037$7,484,221
71$10,852,017$1,589,047$656,669$8,141,128
72$11,883,603$1,591,591$603,347$8,862,899
73$13,018,038$1,591,886$545,867$9,656,131
74$14,265,738$1,589,748$484,013$10,528,098
75$15,638,179$1,584,982$417,563$11,486,817
76$17,148,005$1,577,377$346,284$12,541,123
77$18,809,147$1,566,715$269,930$13,700,757
78$20,636,955$1,552,759$188,248$14,976,455
79$22,648,342$1,535,261$100,971$16,380,048
80$24,861,942$1,513,959$7,823$17,924,580
81$27,298,289$1,488,571$0$19,624,425
82$29,980,007$1,458,804$0$21,507,155
83$32,932,025$1,424,342$0$23,580,339
84$36,181,811$1,384,855$0$25,862,264
85$39,759,633$1,339,990$0$28,374,187
86$43,698,842$1,289,376$0$31,139,538
87$48,036,188$1,232,620$0$34,184,135
88$52,812,166$1,169,304$0$37,536,434
89$58,071,396$1,098,989$0$41,227,793
90$63,863,048$1,021,209$0$45,292,775
91$70,241,301$935,472$0$49,769,466
92$77,265,860$841,256$0$54,699,844
93$85,002,512$738,012$0$60,130,168
94$93,523,752$625,158$0$66,111,420
95$102,909,465$502,080$0$72,699,788
96$113,247,678$368,130$0$79,957,191
97$124,635,395$222,622$0$87,951,872
98$137,179,507$64,832$0$96,759,037
99$150,997,804$0$0$106,461,568
100$166,220,086$0$0$117,178,802