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%11.5%
1 years$88,360$87,573$86,805$86,055$85,323$84,786
2 years$43,742$42,928$42,138$41,373$40,630$40,088
3 years$28,872$28,054$27,266$26,508$25,777$25,247
4 years$21,438$20,622$19,843$19,097$18,385$17,871
5 years$16,979$16,168$15,399$14,669$13,976$13,479
6 years$14,007$13,203$12,445$11,731$11,059$10,580
7 years$11,885$11,088$10,341$9,644$8,994$8,534
8 years$10,295$9,504$8,770$8,090$7,461$7,020
9 years$9,058$8,275$7,554$6,891$6,283$5,861
10 years$8,070$7,294$6,586$5,940$5,354$4,950
11 years$7,261$6,493$5,798$5,170$4,604$4,218
12 years$6,588$5,828$5,146$4,535$3,990$3,622
13 years$6,019$5,267$4,597$4,003$3,479$3,128
14 years$5,531$4,788$4,131$3,554$3,050$2,716
15 years$5,109$4,373$3,729$3,169$2,685$2,368
16 years$4,741$4,013$3,381$2,838$2,373$2,072
17 years$4,415$3,695$3,077$2,550$2,104$1,818
18 years$4,127$3,415$2,809$2,298$1,871$1,600
19 years$3,869$3,165$2,571$2,076$1,668$1,411
20 years$3,637$2,941$2,360$1,880$1,490$1,247
21 years$3,427$2,739$2,171$1,707$1,333$1,104
22 years$3,237$2,557$2,000$1,552$1,195$978
23 years$3,063$2,392$1,847$1,413$1,073$868
24 years$2,904$2,241$1,708$1,289$964$772
25 years$2,759$2,103$1,582$1,177$868$687
26 years$2,624$1,976$1,467$1,076$781$611
27 years$2,500$1,860$1,363$985$705$545
28 years$2,385$1,753$1,267$903$636$486
29 years$2,278$1,653$1,179$828$574$433
30 years$2,178$1,561$1,098$760$519$387
31 years$2,085$1,476$1,024$698$469$346
32 years$1,998$1,397$955$641$424$309
33 years$1,916$1,323$892$590$384$276
34 years$1,840$1,254$833$543$348$247
35 years$1,767$1,189$779$499$315$221
36 years$1,699$1,129$729$460$285$198
37 years$1,635$1,072$682$424$259$177
38 years$1,575$1,019$639$391$234$158
39 years$1,517$969$598$360$213$142
40 years$1,463$922$561$332$193$127
41 years$1,411$877$526$306$175$114
42 years$1,362$835$493$283$159$102
43 years$1,316$796$463$261$144$91
44 years$1,271$759$435$241$131$82
45 years$1,229$724$408$223$119$73
46 years$1,189$690$383$206$108$66
47 years$1,150$659$360$190$98$59
48 years$1,113$629$338$176$89$53
49 years$1,078$600$318$162$81$47
50 years$1,045$574$299$150$73$42

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 $4,477 every year, while hoping to spend $31,124 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: 33/43/24 Blend
43$1,070,000$1,070,000$1,070,000$1,070,000
44$1,183,758$1,127,048$1,110,463$1,214,012
45$1,271,386$1,149,158$1,114,548$1,259,234
46$1,366,908$1,171,308$1,117,726$1,304,817
47$1,471,098$1,193,467$1,119,935$1,353,317
48$1,584,805$1,215,602$1,121,108$1,405,013
49$1,708,966$1,237,677$1,121,176$1,460,211
50$1,844,610$1,259,652$1,120,065$1,519,250
51$1,992,871$1,281,487$1,117,698$1,582,506
52$2,154,999$1,303,135$1,113,996$1,650,390
53$2,332,368$1,324,547$1,108,874$1,723,361
54$2,526,491$1,345,672$1,102,243$1,801,924
55$2,739,036$1,366,452$1,094,011$1,886,637
56$2,971,838$1,386,829$1,084,081$1,978,115
57$3,226,919$1,406,737$1,072,351$2,077,040
58$3,506,504$1,426,107$1,058,714$2,184,164
59$3,813,046$1,444,864$1,043,060$2,300,317
60$4,149,245$1,462,931$1,025,270$2,426,417
61$4,518,075$1,480,222$1,005,224$2,563,477
62$4,922,813$1,496,646$982,793$2,712,616
63$5,367,066$1,512,109$957,843$2,875,070
64$5,854,810$1,526,505$930,234$3,052,204
65$6,390,424$1,539,727$899,820$3,245,523
66$6,978,731$1,551,657$866,447$3,456,692
67$7,625,044$1,562,171$829,956$3,687,547
68$8,335,217$1,571,136$790,178$3,940,115
69$9,115,699$1,578,411$746,939$4,216,636
70$9,973,594$1,583,848$700,055$4,519,579
71$10,916,730$1,587,285$649,336$4,851,672
72$11,953,729$1,588,555$594,582$5,215,925
73$13,094,092$1,587,477$535,583$5,615,660
74$14,348,286$1,583,860$472,122$6,054,544
75$15,727,844$1,577,502$403,970$6,536,623
76$17,245,472$1,568,187$330,891$7,066,361
77$18,915,169$1,555,687$252,635$7,648,686
78$20,752,362$1,539,761$168,944$8,289,033
79$22,774,045$1,520,152$79,545$8,993,401
80$24,998,945$1,496,587$0$9,768,407
81$27,447,697$1,468,779$0$10,625,413
82$30,143,035$1,436,422$0$11,590,415
83$33,110,012$1,399,194$0$12,651,984
84$36,376,230$1,356,752$0$13,820,004
85$39,972,106$1,308,733$0$15,105,373
86$43,931,155$1,254,755$0$16,520,105
87$48,290,306$1,194,411$0$18,077,445
88$53,090,254$1,127,274$0$19,791,999
89$58,375,837$1,052,888$0$21,679,868
90$64,196,467$970,774$0$23,758,802
91$70,606,589$880,424$0$26,048,373
92$77,666,200$781,303$0$28,570,156
93$85,441,409$672,844$0$31,347,936
94$94,005,068$554,449$0$34,407,935
95$103,437,451$425,483$0$37,779,059
96$113,827,020$285,280$0$41,493,177
97$125,271,251$133,135$0$45,585,418
98$137,877,561$0$0$50,094,508
99$151,764,317$0$0$55,078,135
100$167,061,955$0$0$60,637,731