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%12.6%
1 years$87,534$86,754$85,993$85,251$84,526$83,608
2 years$43,334$42,527$41,744$40,986$40,250$39,327
3 years$28,602$27,792$27,011$26,260$25,537$24,635
4 years$21,238$20,430$19,657$18,919$18,213$17,341
5 years$16,820$16,017$15,255$14,532$13,845$13,005
6 years$13,876$13,079$12,328$11,621$10,955$10,148
7 years$11,774$10,984$10,245$9,554$8,909$8,135
8 years$10,199$9,415$8,688$8,015$7,391$6,650
9 years$8,974$8,198$7,483$6,827$6,225$5,516
10 years$7,994$7,226$6,524$5,885$5,304$4,628
11 years$7,193$6,433$5,744$5,122$4,561$3,918
12 years$6,526$5,774$5,097$4,492$3,953$3,340
13 years$5,963$5,218$4,554$3,966$3,447$2,865
14 years$5,480$4,743$4,092$3,521$3,021$2,469
15 years$5,062$4,333$3,695$3,140$2,660$2,137
16 years$4,696$3,975$3,350$2,811$2,351$1,856
17 years$4,374$3,661$3,048$2,526$2,085$1,616
18 years$4,088$3,383$2,782$2,276$1,854$1,411
19 years$3,832$3,135$2,547$2,057$1,652$1,235
20 years$3,603$2,913$2,338$1,863$1,476$1,082
21 years$3,395$2,714$2,150$1,691$1,321$950
22 years$3,206$2,533$1,982$1,537$1,184$835
23 years$3,035$2,369$1,830$1,400$1,063$735
24 years$2,877$2,220$1,692$1,277$955$648
25 years$2,733$2,083$1,567$1,166$859$572
26 years$2,600$1,958$1,454$1,066$774$505
27 years$2,477$1,843$1,350$976$698$446
28 years$2,363$1,736$1,255$894$630$394
29 years$2,256$1,638$1,168$820$569$348
30 years$2,158$1,547$1,088$753$514$308
31 years$2,065$1,462$1,014$691$465$273
32 years$1,979$1,384$946$635$420$242
33 years$1,898$1,310$883$584$380$214
34 years$1,822$1,242$825$537$344$190
35 years$1,751$1,178$772$495$312$168
36 years$1,684$1,118$722$456$283$149
37 years$1,620$1,062$676$420$256$132
38 years$1,560$1,009$633$387$232$117
39 years$1,503$960$593$357$211$104
40 years$1,449$913$556$329$191$92
41 years$1,398$869$521$304$173$82
42 years$1,350$828$489$280$157$73
43 years$1,303$789$459$259$143$64
44 years$1,259$752$430$239$130$57
45 years$1,218$717$404$221$118$51
46 years$1,178$684$380$204$107$45
47 years$1,140$653$357$188$97$40
48 years$1,103$623$335$174$88$36
49 years$1,068$595$315$161$80$32
50 years$1,035$568$296$149$73$28

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 $5,574 every year, while hoping to spend $57,595 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: 67/24/9 Blend
43$1,060,000$1,060,000$1,060,000$1,060,000
44$1,173,870$1,117,690$1,101,260$1,250,060
45$1,232,324$1,111,176$1,076,871$1,294,882
46$1,294,810$1,102,412$1,049,735$1,336,448
47$1,361,678$1,091,228$1,019,699$1,380,376
48$1,433,313$1,077,443$986,603$1,426,888
49$1,510,137$1,060,863$950,280$1,476,234
50$1,592,611$1,041,285$910,555$1,528,685
51$1,681,243$1,018,494$867,244$1,584,547
52$1,776,591$992,261$820,158$1,644,155
53$1,879,266$962,345$769,095$1,707,882
54$1,989,939$928,488$713,849$1,776,140
55$2,109,350$890,421$654,199$1,849,385
56$2,238,308$847,856$589,919$1,928,124
57$2,377,705$800,490$520,771$2,012,915
58$2,528,519$748,003$446,505$2,104,378
59$2,691,828$690,054$366,863$2,203,199
60$2,868,814$626,287$281,573$2,310,135
61$3,060,779$556,321$190,352$2,426,026
62$3,269,154$479,756$92,904$2,551,801
63$3,495,513$396,169$0$2,688,487
64$3,741,586$305,113$0$2,838,284
65$4,009,280$206,115$0$3,010,975
66$4,300,689$98,677$0$3,199,050
67$4,618,119$0$0$3,404,078
68$4,964,108$0$0$3,632,476
69$5,341,448$0$0$3,910,051
70$5,753,214$0$0$4,213,011
71$6,202,788$0$0$4,543,853
72$6,693,896$0$0$4,905,326
73$7,230,636$0$0$5,300,456
74$7,817,524$0$0$5,732,575
75$8,459,530$0$0$6,205,352
76$9,162,126$0$0$6,722,826
77$9,931,338$0$0$7,289,445
78$10,773,801$0$0$7,910,107
79$11,696,824$0$0$8,590,206
80$12,708,455$0$0$9,335,684
81$13,817,556$0$0$10,153,082
82$15,033,890$0$0$11,049,607
83$16,368,209$0$0$12,033,197
84$17,832,356$0$0$13,112,594
85$19,439,375$0$0$14,297,427
86$21,203,635$0$0$15,598,305
87$23,140,966$0$0$17,026,912
88$25,268,803$0$0$18,596,121
89$27,606,355$0$0$20,320,113
90$30,174,781$0$0$22,214,507
91$32,997,392$0$0$24,296,515
92$36,099,871$0$0$26,585,095
93$39,510,510$0$0$29,101,137
94$43,260,480$0$0$31,867,652
95$47,384,125$0$0$34,909,994
96$51,919,279$0$0$38,256,099
97$56,907,632$0$0$41,936,743
98$62,395,113$0$0$45,985,836
99$68,432,329$0$0$50,440,740
100$75,075,037$0$0$55,342,622