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%14.8%
1 years$87,534$86,754$85,993$85,251$84,526$82,853
2 years$43,334$42,527$41,744$40,986$40,250$38,572
3 years$28,602$27,792$27,011$26,260$25,537$23,905
4 years$21,238$20,430$19,657$18,919$18,213$16,641
5 years$16,820$16,017$15,255$14,532$13,845$12,337
6 years$13,876$13,079$12,328$11,621$10,955$9,513
7 years$11,774$10,984$10,245$9,554$8,909$7,533
8 years$10,199$9,415$8,688$8,015$7,391$6,080
9 years$8,974$8,198$7,483$6,827$6,225$4,978
10 years$7,994$7,226$6,524$5,885$5,304$4,121
11 years$7,193$6,433$5,744$5,122$4,561$3,440
12 years$6,526$5,774$5,097$4,492$3,953$2,892
13 years$5,963$5,218$4,554$3,966$3,447$2,445
14 years$5,480$4,743$4,092$3,521$3,021$2,076
15 years$5,062$4,333$3,695$3,140$2,660$1,770
16 years$4,696$3,975$3,350$2,811$2,351$1,514
17 years$4,374$3,661$3,048$2,526$2,085$1,298
18 years$4,088$3,383$2,782$2,276$1,854$1,115
19 years$3,832$3,135$2,547$2,057$1,652$960
20 years$3,603$2,913$2,338$1,863$1,476$828
21 years$3,395$2,714$2,150$1,691$1,321$715
22 years$3,206$2,533$1,982$1,537$1,184$618
23 years$3,035$2,369$1,830$1,400$1,063$535
24 years$2,877$2,220$1,692$1,277$955$464
25 years$2,733$2,083$1,567$1,166$859$402
26 years$2,600$1,958$1,454$1,066$774$349
27 years$2,477$1,843$1,350$976$698$302
28 years$2,363$1,736$1,255$894$630$263
29 years$2,256$1,638$1,168$820$569$228
30 years$2,158$1,547$1,088$753$514$198
31 years$2,065$1,462$1,014$691$465$172
32 years$1,979$1,384$946$635$420$150
33 years$1,898$1,310$883$584$380$130
34 years$1,822$1,242$825$537$344$113
35 years$1,751$1,178$772$495$312$99
36 years$1,684$1,118$722$456$283$86
37 years$1,620$1,062$676$420$256$75
38 years$1,560$1,009$633$387$232$65
39 years$1,503$960$593$357$211$57
40 years$1,449$913$556$329$191$49
41 years$1,398$869$521$304$173$43
42 years$1,350$828$489$280$157$37
43 years$1,303$789$459$259$143$33
44 years$1,259$752$430$239$130$28
45 years$1,218$717$404$221$118$25
46 years$1,178$684$380$204$107$21
47 years$1,140$653$357$188$97$19
48 years$1,103$623$335$174$88$16
49 years$1,068$595$315$161$80$14
50 years$1,035$568$296$149$73$12

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 $4,467 every year, while hoping to spend $45,285 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: 63/20/17 Blend
43$1,060,000$1,060,000$1,060,000$1,060,000
44$1,172,728$1,116,548$1,100,118$1,241,347
45$1,244,163$1,123,076$1,088,789$1,294,531
46$1,321,367$1,128,406$1,075,563$1,347,047
47$1,404,880$1,132,431$1,060,328$1,403,319
48$1,495,297$1,135,039$1,042,968$1,463,718
49$1,593,270$1,136,109$1,023,360$1,528,649
50$1,699,519$1,135,514$1,001,378$1,598,563
51$1,814,832$1,133,116$976,886$1,673,956
52$1,940,080$1,128,774$949,746$1,755,377
53$2,076,216$1,122,332$919,811$1,843,430
54$2,224,294$1,113,630$886,929$1,938,787
55$2,385,469$1,102,495$850,938$2,042,185
56$2,561,014$1,088,744$811,671$2,154,440
57$2,752,330$1,072,185$768,955$2,276,454
58$2,960,958$1,052,613$722,605$2,409,222
59$3,188,595$1,029,810$672,432$2,553,843
60$3,437,107$1,003,546$618,234$2,711,530
61$3,708,552$973,579$559,804$2,883,623
62$4,005,190$939,651$496,924$3,071,600
63$4,329,514$901,489$429,366$3,277,094
64$4,684,267$858,804$356,892$3,501,908
65$5,072,469$811,292$279,254$3,748,030
66$5,497,444$758,629$196,193$4,017,657
67$5,962,857$700,475$107,438$4,313,212
68$6,472,738$636,468$12,708$4,637,369
69$7,031,530$566,228$0$4,993,082
70$7,644,124$489,351$0$5,399,638
71$8,315,907$405,412$0$5,848,104
72$9,052,813$313,960$0$6,340,195
73$9,861,376$214,520$0$6,880,349
74$10,748,796$106,591$0$7,473,458
75$11,723,001$0$0$8,124,917
76$12,792,728$0$0$8,842,950
77$13,967,596$0$0$9,657,400
78$15,258,207$0$0$10,552,168
79$16,676,236$0$0$11,535,358
80$18,234,548$0$0$12,615,899
81$19,947,313$0$0$13,803,630
82$21,830,145$0$0$15,109,387
83$23,900,245$0$0$16,545,113
84$26,176,562$0$0$18,123,961
85$28,679,976$0$0$19,860,426
86$31,433,491$0$0$21,770,476
87$34,462,451$0$0$23,871,707
88$37,794,782$0$0$26,183,504
89$41,461,251$0$0$28,727,226
90$45,495,759$0$0$31,526,407
91$49,935,659$0$0$34,606,978
92$54,822,107$0$0$37,997,511
93$60,200,453$0$0$41,729,488
94$66,120,665$0$0$45,837,598
95$72,637,801$0$0$50,360,064
96$79,812,529$0$0$55,339,003
97$87,711,698$0$0$60,820,823
98$96,408,968$0$0$66,856,662
99$105,985,506$0$0$73,502,868
100$116,530,750$0$0$80,821,532