Can I retire at age 44 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$88,360$87,573$86,805$86,055$85,323$84,715
2 years$43,742$42,928$42,138$41,373$40,630$40,016
3 years$28,872$28,054$27,266$26,508$25,777$25,178
4 years$21,438$20,622$19,843$19,097$18,385$17,803
5 years$16,979$16,168$15,399$14,669$13,976$13,415
6 years$14,007$13,203$12,445$11,731$11,059$10,518
7 years$11,885$11,088$10,341$9,644$8,994$8,475
8 years$10,295$9,504$8,770$8,090$7,461$6,963
9 years$9,058$8,275$7,554$6,891$6,283$5,807
10 years$8,070$7,294$6,586$5,940$5,354$4,898
11 years$7,261$6,493$5,798$5,170$4,604$4,169
12 years$6,588$5,828$5,146$4,535$3,990$3,575
13 years$6,019$5,267$4,597$4,003$3,479$3,084
14 years$5,531$4,788$4,131$3,554$3,050$2,674
15 years$5,109$4,373$3,729$3,169$2,685$2,328
16 years$4,741$4,013$3,381$2,838$2,373$2,034
17 years$4,415$3,695$3,077$2,550$2,104$1,783
18 years$4,127$3,415$2,809$2,298$1,871$1,566
19 years$3,869$3,165$2,571$2,076$1,668$1,380
20 years$3,637$2,941$2,360$1,880$1,490$1,217
21 years$3,427$2,739$2,171$1,707$1,333$1,076
22 years$3,237$2,557$2,000$1,552$1,195$952
23 years$3,063$2,392$1,847$1,413$1,073$844
24 years$2,904$2,241$1,708$1,289$964$749
25 years$2,759$2,103$1,582$1,177$868$665
26 years$2,624$1,976$1,467$1,076$781$591
27 years$2,500$1,860$1,363$985$705$526
28 years$2,385$1,753$1,267$903$636$469
29 years$2,278$1,653$1,179$828$574$417
30 years$2,178$1,561$1,098$760$519$372
31 years$2,085$1,476$1,024$698$469$332
32 years$1,998$1,397$955$641$424$296
33 years$1,916$1,323$892$590$384$264
34 years$1,840$1,254$833$543$348$236
35 years$1,767$1,189$779$499$315$211
36 years$1,699$1,129$729$460$285$188
37 years$1,635$1,072$682$424$259$168
38 years$1,575$1,019$639$391$234$150
39 years$1,517$969$598$360$213$134
40 years$1,463$922$561$332$193$120
41 years$1,411$877$526$306$175$107
42 years$1,362$835$493$283$159$96
43 years$1,316$796$463$261$144$86
44 years$1,271$759$435$241$131$77
45 years$1,229$724$408$223$119$69
46 years$1,189$690$383$206$108$61
47 years$1,150$659$360$190$98$55
48 years$1,113$629$338$176$89$49
49 years$1,078$600$318$162$81$44
50 years$1,045$574$299$150$73$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,070,000, adding $6,451 every year, while hoping to spend $28,555 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: 50/35/15 Blend
43$1,070,000$1,070,000$1,070,000$1,070,000
44$1,185,794$1,129,084$1,112,499$1,239,894
45$1,276,363$1,154,027$1,119,386$1,302,733
46$1,375,213$1,179,235$1,125,546$1,367,479
47$1,483,158$1,204,691$1,130,925$1,437,209
48$1,601,095$1,230,376$1,135,466$1,512,402
49$1,730,012$1,256,269$1,139,109$1,593,583
50$1,870,994$1,282,348$1,141,791$1,681,334
51$2,025,239$1,308,587$1,143,444$1,776,295
52$2,194,065$1,334,958$1,144,001$1,879,171
53$2,378,921$1,361,433$1,143,387$1,990,739
54$2,581,407$1,387,979$1,141,526$2,111,856
55$2,803,280$1,414,560$1,138,337$2,243,465
56$3,046,480$1,441,139$1,133,736$2,386,609
57$3,313,140$1,467,674$1,127,635$2,542,434
58$3,605,611$1,494,120$1,119,942$2,712,204
59$3,926,481$1,520,430$1,110,558$2,897,313
60$4,278,603$1,546,552$1,099,382$3,099,299
61$4,665,117$1,572,430$1,086,308$3,319,854
62$5,089,484$1,598,004$1,071,225$3,560,846
63$5,555,515$1,623,209$1,054,014$3,824,334
64$6,067,408$1,647,977$1,034,554$4,112,586
65$6,629,789$1,672,234$1,012,718$4,428,105
66$7,247,754$1,695,899$988,370$4,773,648
67$7,926,915$1,718,889$961,370$5,152,255
68$8,673,458$1,741,111$931,573$5,567,278
69$9,494,194$1,762,470$898,825$6,022,412
70$10,396,631$1,782,860$862,965$6,521,729
71$11,389,039$1,802,171$823,825$7,069,720
72$12,480,528$1,820,285$781,231$7,671,335
73$13,681,139$1,837,076$734,999$8,332,031
74$15,001,931$1,852,408$684,937$9,057,823
75$16,455,091$1,866,140$630,846$9,855,342
76$18,054,047$1,878,117$572,516$10,731,900
77$19,813,593$1,888,178$509,729$11,695,553
78$21,750,031$1,896,151$442,256$12,755,187
79$23,881,323$1,901,850$369,860$13,920,593
80$26,227,259$1,905,082$292,292$15,202,566
81$28,809,647$1,905,639$209,291$16,613,006
82$31,652,516$1,903,300$120,587$18,165,030
83$34,782,342$1,897,831$25,896$19,873,098
84$38,228,300$1,888,984$0$21,753,147
85$42,022,538$1,876,496$0$23,834,776
86$46,200,479$1,860,086$0$26,130,526
87$50,801,157$1,839,460$0$28,657,647
88$55,867,584$1,814,302$0$31,439,723
89$61,447,154$1,784,279$0$34,502,746
90$67,592,094$1,749,040$0$37,875,363
91$74,359,955$1,708,209$0$41,589,147
92$81,814,151$1,661,392$0$45,678,894
93$90,024,564$1,608,170$0$50,182,954
94$99,068,198$1,548,099$0$55,143,595
95$109,029,908$1,480,709$0$60,607,397
96$120,003,200$1,405,506$0$66,625,701
97$132,091,114$1,321,963$0$73,255,088
98$145,407,194$1,229,526$0$80,557,917
99$160,076,562$1,127,607$0$88,602,913
100$176,237,098$1,015,586$0$97,465,822