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

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$87,534$86,754$85,993$85,251$84,526$81,430
2 years$43,334$42,527$41,744$40,986$40,250$37,166
3 years$28,602$27,792$27,011$26,260$25,537$22,560
4 years$21,238$20,430$19,657$18,919$18,213$15,367
5 years$16,820$16,017$15,255$14,532$13,845$11,138
6 years$13,876$13,079$12,328$11,621$10,955$8,388
7 years$11,774$10,984$10,245$9,554$8,909$6,482
8 years$10,199$9,415$8,688$8,015$7,391$5,102
9 years$8,974$8,198$7,483$6,827$6,225$4,070
10 years$7,994$7,226$6,524$5,885$5,304$3,279
11 years$7,193$6,433$5,744$5,122$4,561$2,663
12 years$6,526$5,774$5,097$4,492$3,953$2,176
13 years$5,963$5,218$4,554$3,966$3,447$1,787
14 years$5,480$4,743$4,092$3,521$3,021$1,474
15 years$5,062$4,333$3,695$3,140$2,660$1,219
16 years$4,696$3,975$3,350$2,811$2,351$1,011
17 years$4,374$3,661$3,048$2,526$2,085$840
18 years$4,088$3,383$2,782$2,276$1,854$699
19 years$3,832$3,135$2,547$2,057$1,652$583
20 years$3,603$2,913$2,338$1,863$1,476$486
21 years$3,395$2,714$2,150$1,691$1,321$406
22 years$3,206$2,533$1,982$1,537$1,184$340
23 years$3,035$2,369$1,830$1,400$1,063$284
24 years$2,877$2,220$1,692$1,277$955$238
25 years$2,733$2,083$1,567$1,166$859$199
26 years$2,600$1,958$1,454$1,066$774$167
27 years$2,477$1,843$1,350$976$698$140
28 years$2,363$1,736$1,255$894$630$117
29 years$2,256$1,638$1,168$820$569$98
30 years$2,158$1,547$1,088$753$514$83
31 years$2,065$1,462$1,014$691$465$69
32 years$1,979$1,384$946$635$420$58
33 years$1,898$1,310$883$584$380$49
34 years$1,822$1,242$825$537$344$41
35 years$1,751$1,178$772$495$312$34
36 years$1,684$1,118$722$456$283$29
37 years$1,620$1,062$676$420$256$24
38 years$1,560$1,009$633$387$232$20
39 years$1,503$960$593$357$211$17
40 years$1,449$913$556$329$191$14
41 years$1,398$869$521$304$173$12
42 years$1,350$828$489$280$157$10
43 years$1,303$789$459$259$143$8
44 years$1,259$752$430$239$130$7
45 years$1,218$717$404$221$118$6
46 years$1,178$684$380$204$107$5
47 years$1,140$653$357$188$97$4
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$2

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 $5,859 every year, while hoping to spend $50,317 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: 48/32/20 Blend
43$1,060,000$1,060,000$1,060,000$1,060,000
44$1,174,164$1,117,984$1,101,554$1,223,630
45$1,240,391$1,119,228$1,084,919$1,259,892
46$1,311,688$1,118,847$1,066,040$1,293,695
47$1,388,517$1,116,707$1,044,790$1,329,348
48$1,471,389$1,112,669$1,021,033$1,367,046
49$1,560,863$1,106,582$994,630$1,407,005
50$1,657,553$1,098,287$965,432$1,449,467
51$1,762,137$1,087,616$933,288$1,494,702
52$1,875,357$1,074,392$898,035$1,543,010
53$1,998,031$1,058,424$859,506$1,594,725
54$2,131,056$1,039,512$817,525$1,650,218
55$2,275,419$1,017,445$771,909$1,709,903
56$2,432,209$991,996$722,464$1,774,240
57$2,602,619$962,928$668,991$1,843,739
58$2,787,963$929,990$611,280$1,918,968
59$2,989,690$892,913$549,112$2,000,557
60$3,209,388$851,416$482,258$2,089,206
61$3,448,811$805,201$410,479$2,185,692
62$3,709,885$753,951$333,525$2,290,878
63$3,994,731$697,332$251,136$2,405,718
64$4,305,685$634,993$163,040$2,531,275
65$4,645,316$566,558$68,952$2,668,723
66$5,016,453$491,634$0$2,819,365
67$5,422,211$409,805$0$2,991,359
68$5,866,021$320,629$0$3,195,730
69$6,351,657$223,642$0$3,419,590
70$6,883,279$118,353$0$3,664,973
71$7,465,464$4,243$0$3,934,125
72$8,103,255$0$0$4,229,530
73$8,802,204$0$0$4,595,917
74$9,568,427$0$0$4,999,326
75$10,408,660$0$0$5,441,822
76$11,330,320$0$0$5,927,330
77$12,341,579$0$0$6,460,167
78$13,451,437$0$0$7,045,095
79$14,669,807$0$0$7,687,353
80$16,007,610$0$0$8,392,717
81$17,476,875$0$0$9,167,548
82$19,090,856$0$0$10,018,853
83$20,864,149$0$0$10,954,352
84$22,812,838$0$0$11,982,549
85$24,954,641$0$0$13,112,814
86$27,309,077$0$0$14,355,470
87$29,897,650$0$0$15,721,889
88$32,744,054$0$0$17,224,600
89$35,874,392$0$0$18,877,409
90$39,317,423$0$0$20,695,526
91$43,104,835$0$0$22,695,708
92$47,271,539$0$0$24,896,419
93$51,856,002$0$0$27,318,004
94$56,900,608$0$0$29,982,879
95$62,452,055$0$0$32,915,742
96$68,561,799$0$0$36,143,807
97$75,286,535$0$0$39,697,060
98$82,688,735$0$0$43,608,542
99$90,837,232$0$0$47,914,661
100$99,807,875$0$0$52,655,532