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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$88,360$87,573$86,805$86,055$85,323$83,601
2 years$43,742$42,928$42,138$41,373$40,630$38,902
3 years$28,872$28,054$27,266$26,508$25,777$24,098
4 years$21,438$20,622$19,843$19,097$18,385$16,767
5 years$16,979$16,168$15,399$14,669$13,976$12,424
6 years$14,007$13,203$12,445$11,731$11,059$9,574
7 years$11,885$11,088$10,341$9,644$8,994$7,578
8 years$10,295$9,504$8,770$8,090$7,461$6,113
9 years$9,058$8,275$7,554$6,891$6,283$5,002
10 years$8,070$7,294$6,586$5,940$5,354$4,138
11 years$7,261$6,493$5,798$5,170$4,604$3,452
12 years$6,588$5,828$5,146$4,535$3,990$2,900
13 years$6,019$5,267$4,597$4,003$3,479$2,450
14 years$5,531$4,788$4,131$3,554$3,050$2,080
15 years$5,109$4,373$3,729$3,169$2,685$1,772
16 years$4,741$4,013$3,381$2,838$2,373$1,514
17 years$4,415$3,695$3,077$2,550$2,104$1,297
18 years$4,127$3,415$2,809$2,298$1,871$1,114
19 years$3,869$3,165$2,571$2,076$1,668$958
20 years$3,637$2,941$2,360$1,880$1,490$826
21 years$3,427$2,739$2,171$1,707$1,333$713
22 years$3,237$2,557$2,000$1,552$1,195$616
23 years$3,063$2,392$1,847$1,413$1,073$532
24 years$2,904$2,241$1,708$1,289$964$461
25 years$2,759$2,103$1,582$1,177$868$399
26 years$2,624$1,976$1,467$1,076$781$346
27 years$2,500$1,860$1,363$985$705$300
28 years$2,385$1,753$1,267$903$636$260
29 years$2,278$1,653$1,179$828$574$226
30 years$2,178$1,561$1,098$760$519$196
31 years$2,085$1,476$1,024$698$469$170
32 years$1,998$1,397$955$641$424$148
33 years$1,916$1,323$892$590$384$129
34 years$1,840$1,254$833$543$348$112
35 years$1,767$1,189$779$499$315$97
36 years$1,699$1,129$729$460$285$84
37 years$1,635$1,072$682$424$259$73
38 years$1,575$1,019$639$391$234$64
39 years$1,517$969$598$360$213$56
40 years$1,463$922$561$332$193$48
41 years$1,411$877$526$306$175$42
42 years$1,362$835$493$283$159$37
43 years$1,316$796$463$261$144$32
44 years$1,271$759$435$241$131$28
45 years$1,229$724$408$223$119$24
46 years$1,189$690$383$206$108$21
47 years$1,150$659$360$190$98$18
48 years$1,113$629$338$176$89$16
49 years$1,078$600$318$162$81$14
50 years$1,045$574$299$150$73$12

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 $2,651 every year, while hoping to spend $59,786 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: 78/7/15 Blend
43$1,070,000$1,070,000$1,070,000$1,070,000
44$1,181,875$1,125,165$1,108,580$1,270,130
45$1,238,814$1,116,686$1,082,105$1,320,185
46$1,299,557$1,105,788$1,052,740$1,367,222
47$1,364,430$1,092,289$1,020,324$1,417,149
48$1,433,787$1,075,996$984,691$1,470,233
49$1,508,020$1,056,707$945,664$1,526,767
50$1,587,555$1,034,203$903,062$1,587,076
51$1,672,864$1,008,257$856,692$1,651,516
52$1,764,461$978,626$806,356$1,720,482
53$1,862,910$945,054$751,844$1,794,409
54$1,968,834$907,268$692,937$1,873,776
55$2,082,913$864,982$629,408$1,959,113
56$2,205,896$817,892$561,019$2,051,004
57$2,338,604$765,675$487,520$2,150,095
58$2,481,941$707,993$408,652$2,257,096
59$2,636,900$644,486$324,143$2,372,792
60$2,804,572$574,773$233,709$2,498,049
61$2,986,155$498,454$137,055$2,633,824
62$3,182,969$415,104$33,873$2,781,171
63$3,396,462$324,275$0$2,941,252
64$3,628,231$225,494$0$3,127,556
65$3,880,027$118,260$0$3,335,874
66$4,153,781$2,046$0$3,562,398
67$4,451,614$0$0$3,808,912
68$4,775,862$0$0$4,086,909
69$5,129,094$0$0$4,389,959
70$5,514,138$0$0$4,720,334
71$5,934,105$0$0$5,080,710
72$6,392,421$0$0$5,474,030
73$6,892,856$0$0$5,903,534
74$7,439,560$0$0$6,372,788
75$8,037,103$0$0$6,885,720
76$8,690,514$0$0$7,446,653
77$9,405,332$0$0$8,060,346
78$10,187,656$0$0$8,732,041
79$11,044,200$0$0$9,467,509
80$11,982,361$0$0$10,273,106
81$13,010,281$0$0$11,155,832
82$14,136,928$0$0$12,123,394
83$15,372,182$0$0$13,184,282
84$16,726,919$0$0$14,347,845
85$18,213,123$0$0$15,624,384
86$19,843,992$0$0$17,025,240
87$21,634,063$0$0$18,562,910
88$23,599,350$0$0$20,251,157
89$25,757,493$0$0$22,105,142
90$28,127,922$0$0$24,141,567
91$30,732,046$0$0$26,378,831
92$33,593,444$0$0$28,837,203
93$36,738,098$0$0$31,539,012
94$40,194,627$0$0$34,508,859
95$43,994,563$0$0$37,773,846
96$48,172,645$0$0$41,363,831
97$52,767,146$0$0$45,311,713
98$57,820,235$0$0$49,653,734
99$63,378,370$0$0$54,429,828
100$69,492,740$0$0$59,683,994