Can I retire at age 44 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$89,185$88,391$87,616$86,859$86,121$84,451
2 years$44,151$43,329$42,532$41,759$41,010$39,334
3 years$29,142$28,316$27,521$26,756$26,018$24,389
4 years$21,638$20,815$20,028$19,276$18,557$16,987
5 years$17,138$16,319$15,543$14,806$14,106$12,600
6 years$14,138$13,326$12,561$11,840$11,162$9,721
7 years$11,997$11,191$10,438$9,735$9,078$7,702
8 years$10,391$9,593$8,852$8,166$7,531$6,220
9 years$9,143$8,352$7,625$6,956$6,342$5,096
10 years$8,145$7,362$6,647$5,996$5,404$4,221
11 years$7,329$6,554$5,852$5,218$4,647$3,526
12 years$6,650$5,883$5,194$4,577$4,027$2,966
13 years$6,075$5,316$4,640$4,041$3,512$2,509
14 years$5,583$4,832$4,169$3,587$3,078$2,132
15 years$5,157$4,414$3,764$3,199$2,711$1,819
16 years$4,785$4,050$3,413$2,864$2,396$1,557
17 years$4,457$3,730$3,106$2,574$2,124$1,336
18 years$4,165$3,447$2,835$2,319$1,889$1,149
19 years$3,905$3,194$2,595$2,096$1,683$990
20 years$3,671$2,968$2,382$1,898$1,504$854
21 years$3,459$2,765$2,191$1,723$1,346$738
22 years$3,267$2,581$2,019$1,566$1,206$639
23 years$3,092$2,414$1,864$1,426$1,083$553
24 years$2,932$2,262$1,724$1,301$973$480
25 years$2,784$2,122$1,597$1,188$876$416
26 years$2,649$1,995$1,481$1,086$789$361
27 years$2,523$1,877$1,375$994$711$314
28 years$2,407$1,769$1,279$911$642$273
29 years$2,299$1,669$1,190$835$579$237
30 years$2,198$1,576$1,108$767$524$206
31 years$2,104$1,490$1,033$704$473$179
32 years$2,017$1,410$964$647$428$156
33 years$1,934$1,335$900$595$387$136
34 years$1,857$1,265$841$548$351$118
35 years$1,784$1,200$786$504$318$103
36 years$1,715$1,139$736$464$288$90
37 years$1,651$1,082$688$428$261$78
38 years$1,589$1,028$645$394$237$68
39 years$1,531$978$604$364$215$59
40 years$1,477$930$566$335$195$52
41 years$1,424$885$531$309$177$45
42 years$1,375$843$498$285$160$39
43 years$1,328$803$467$264$145$34
44 years$1,283$766$439$243$132$30
45 years$1,241$730$412$225$120$26
46 years$1,200$697$387$208$109$23
47 years$1,161$665$363$192$99$20
48 years$1,124$635$341$177$90$17
49 years$1,088$606$321$164$81$15
50 years$1,054$579$302$151$74$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,080,000, adding $4,626 every year, while hoping to spend $38,531 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: 76/6/18 Blend
43$1,080,000$1,080,000$1,080,000$1,080,000
44$1,194,932$1,137,692$1,120,952$1,280,503
45$1,275,818$1,152,442$1,117,507$1,352,493
46$1,363,663$1,166,624$1,112,655$1,426,167
47$1,459,137$1,180,168$1,106,309$1,505,916
48$1,562,975$1,193,002$1,098,376$1,592,333
49$1,675,987$1,205,048$1,088,760$1,686,074
50$1,799,064$1,216,221$1,077,360$1,787,863
51$1,933,187$1,226,435$1,064,070$1,898,494
52$2,079,435$1,235,593$1,048,780$2,018,847
53$2,238,996$1,243,596$1,031,372$2,149,886
54$2,413,177$1,250,335$1,011,727$2,292,679
55$2,603,417$1,255,698$989,716$2,448,399
56$2,811,301$1,259,562$965,207$2,618,342
57$3,038,572$1,261,800$938,060$2,803,935
58$3,287,152$1,262,273$908,130$3,006,749
59$3,559,154$1,260,837$875,265$3,228,519
60$3,856,906$1,257,337$839,305$3,471,155
61$4,182,973$1,251,609$800,085$3,736,764
62$4,540,178$1,243,479$757,429$4,027,667
63$4,931,630$1,232,763$711,156$4,346,422
64$5,360,753$1,219,265$661,077$4,695,850
65$5,831,318$1,202,778$606,991$5,079,060
66$6,347,480$1,183,081$548,693$5,499,479
67$6,913,814$1,159,943$485,965$5,960,883
68$7,535,358$1,133,116$418,580$6,467,436
69$8,217,665$1,102,338$346,303$7,023,726
70$8,966,848$1,067,335$268,885$7,634,813
71$9,789,644$1,027,812$186,071$8,306,270
72$10,693,473$983,460$97,589$9,044,243
73$11,686,509$933,951$3,160$9,855,506
74$12,777,757$878,938$0$10,747,524
75$13,977,138$818,056$0$11,747,274
76$15,295,581$750,916$0$12,846,945
77$16,745,128$677,109$0$14,055,988
78$18,339,045$596,201$0$15,385,486
79$20,091,948$507,735$0$16,847,651
80$22,019,939$411,227$0$18,455,939
81$24,140,763$306,166$0$20,225,178
82$26,473,966$192,014$0$22,171,705
83$29,041,087$68,199$0$24,313,523
84$31,865,858$0$0$26,670,469
85$34,974,428$0$0$29,268,751
86$38,395,606$0$0$32,133,331
87$42,161,138$0$0$35,286,292
88$46,306,005$0$0$38,756,928
89$50,868,747$0$0$42,577,519
90$55,891,834$0$0$46,783,634
91$61,422,061$0$0$51,414,463
92$67,510,994$0$0$56,513,192
93$74,215,450$0$0$62,127,407
94$81,598,038$0$0$68,309,542
95$89,727,748$0$0$75,117,377
96$98,680,599$0$0$82,614,580
97$108,540,360$0$0$90,871,307
98$119,399,339$0$0$99,964,867
99$131,359,252$0$0$109,980,447
100$144,532,183$0$0$121,011,920