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%14.3%
1 years$89,185$88,391$87,616$86,859$86,121$84,590
2 years$44,151$43,329$42,532$41,759$41,010$39,473
3 years$29,142$28,316$27,521$26,756$26,018$24,523
4 years$21,638$20,815$20,028$19,276$18,557$17,114
5 years$17,138$16,319$15,543$14,806$14,106$12,721
6 years$14,138$13,326$12,561$11,840$11,162$9,836
7 years$11,997$11,191$10,438$9,735$9,078$7,810
8 years$10,391$9,593$8,852$8,166$7,531$6,323
9 years$9,143$8,352$7,625$6,956$6,342$5,192
10 years$8,145$7,362$6,647$5,996$5,404$4,311
11 years$7,329$6,554$5,852$5,218$4,647$3,611
12 years$6,650$5,883$5,194$4,577$4,027$3,045
13 years$6,075$5,316$4,640$4,041$3,512$2,583
14 years$5,583$4,832$4,169$3,587$3,078$2,201
15 years$5,157$4,414$3,764$3,199$2,711$1,883
16 years$4,785$4,050$3,413$2,864$2,396$1,616
17 years$4,457$3,730$3,106$2,574$2,124$1,390
18 years$4,165$3,447$2,835$2,319$1,889$1,199
19 years$3,905$3,194$2,595$2,096$1,683$1,036
20 years$3,671$2,968$2,382$1,898$1,504$897
21 years$3,459$2,765$2,191$1,723$1,346$778
22 years$3,267$2,581$2,019$1,566$1,206$675
23 years$3,092$2,414$1,864$1,426$1,083$586
24 years$2,932$2,262$1,724$1,301$973$510
25 years$2,784$2,122$1,597$1,188$876$444
26 years$2,649$1,995$1,481$1,086$789$386
27 years$2,523$1,877$1,375$994$711$337
28 years$2,407$1,769$1,279$911$642$294
29 years$2,299$1,669$1,190$835$579$256
30 years$2,198$1,576$1,108$767$524$223
31 years$2,104$1,490$1,033$704$473$195
32 years$2,017$1,410$964$647$428$170
33 years$1,934$1,335$900$595$387$149
34 years$1,857$1,265$841$548$351$130
35 years$1,784$1,200$786$504$318$114
36 years$1,715$1,139$736$464$288$99
37 years$1,651$1,082$688$428$261$87
38 years$1,589$1,028$645$394$237$76
39 years$1,531$978$604$364$215$66
40 years$1,477$930$566$335$195$58
41 years$1,424$885$531$309$177$51
42 years$1,375$843$498$285$160$44
43 years$1,328$803$467$264$145$39
44 years$1,283$766$439$243$132$34
45 years$1,241$730$412$225$120$30
46 years$1,200$697$387$208$109$26
47 years$1,161$665$363$192$99$23
48 years$1,124$635$341$177$90$20
49 years$1,088$606$321$164$81$17
50 years$1,054$579$302$151$74$15

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 $3,679 every year, while hoping to spend $41,712 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: 65/12/23 Blend
43$1,080,000$1,080,000$1,080,000$1,080,000
44$1,193,955$1,136,715$1,119,975$1,264,240
45$1,271,357$1,148,033$1,113,113$1,323,325
46$1,355,256$1,158,507$1,104,623$1,382,834
47$1,446,271$1,168,053$1,094,406$1,446,917
48$1,545,082$1,176,578$1,082,360$1,516,023
49$1,652,437$1,183,988$1,068,376$1,590,653
50$1,769,160$1,190,177$1,052,341$1,671,356
51$1,896,156$1,195,038$1,034,136$1,758,738
52$2,034,422$1,198,452$1,013,638$1,853,469
53$2,185,054$1,200,297$990,715$1,956,289
54$2,349,258$1,200,441$965,233$2,068,013
55$2,528,364$1,198,744$937,050$2,189,541
56$2,723,831$1,195,057$906,015$2,321,865
57$2,937,270$1,189,223$871,975$2,466,083
58$3,170,452$1,181,074$834,766$2,623,402
59$3,425,326$1,170,435$794,219$2,795,158
60$3,704,038$1,157,116$750,154$2,982,821
61$4,008,954$1,140,918$702,388$3,188,017
62$4,342,674$1,121,630$650,725$3,412,536
63$4,708,065$1,099,028$594,963$3,658,355
64$5,108,283$1,072,876$534,890$3,927,654
65$5,546,804$1,042,922$470,284$4,222,840
66$6,027,453$1,008,901$400,914$4,546,565
67$6,554,448$970,532$326,539$4,901,756
68$7,132,430$927,516$246,907$5,291,642
69$7,766,513$879,540$161,753$5,719,783
70$8,462,330$826,270$70,805$6,190,107
71$9,226,085$767,354$0$6,706,946
72$10,064,611$702,420$0$7,281,520
73$10,985,438$631,075$0$7,931,617
74$11,996,857$552,902$0$8,645,730
75$13,108,004$467,462$0$9,430,348
76$14,328,944$374,291$0$10,292,619
77$15,670,763$272,898$0$11,240,423
78$17,145,675$162,765$0$12,282,445
79$18,767,139$43,345$0$13,428,252
80$20,549,979$0$0$14,688,393
81$22,510,529$0$0$16,085,837
82$24,666,786$0$0$17,629,153
83$27,038,576$0$0$19,326,817
84$29,647,747$0$0$21,194,476
85$32,518,366$0$0$23,249,372
86$35,676,955$0$0$25,510,498
87$39,152,734$0$0$27,998,784
88$42,977,900$0$0$30,737,291
89$47,187,927$0$0$33,751,428
90$51,821,905$0$0$37,069,194
91$56,922,905$0$0$40,721,439
92$62,538,384$0$0$44,742,155
93$68,720,636$0$0$49,168,798
94$75,527,283$0$0$54,042,642
95$83,021,818$0$0$59,409,164
96$91,274,204$0$0$65,318,479
97$100,361,535$0$0$71,825,805
98$110,368,760$0$0$78,991,991
99$121,389,488$0$0$86,884,086
100$133,526,869$0$0$95,575,975