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%17%
1 years$89,185$88,391$87,616$86,859$86,121$83,666
2 years$44,151$43,329$42,532$41,759$41,010$38,556
3 years$29,142$28,316$27,521$26,756$26,018$23,642
4 years$21,638$20,815$20,028$19,276$18,557$16,276
5 years$17,138$16,319$15,543$14,806$14,106$11,928
6 years$14,138$13,326$12,561$11,840$11,162$9,087
7 years$11,997$11,191$10,438$9,735$9,078$7,107
8 years$10,391$9,593$8,852$8,166$7,531$5,663
9 years$9,143$8,352$7,625$6,956$6,342$4,576
10 years$8,145$7,362$6,647$5,996$5,404$3,736
11 years$7,329$6,554$5,852$5,218$4,647$3,076
12 years$6,650$5,883$5,194$4,577$4,027$2,549
13 years$6,075$5,316$4,640$4,041$3,512$2,123
14 years$5,583$4,832$4,169$3,587$3,078$1,776
15 years$5,157$4,414$3,764$3,199$2,711$1,491
16 years$4,785$4,050$3,413$2,864$2,396$1,255
17 years$4,457$3,730$3,106$2,574$2,124$1,059
18 years$4,165$3,447$2,835$2,319$1,889$896
19 years$3,905$3,194$2,595$2,096$1,683$759
20 years$3,671$2,968$2,382$1,898$1,504$643
21 years$3,459$2,765$2,191$1,723$1,346$546
22 years$3,267$2,581$2,019$1,566$1,206$464
23 years$3,092$2,414$1,864$1,426$1,083$395
24 years$2,932$2,262$1,724$1,301$973$336
25 years$2,784$2,122$1,597$1,188$876$286
26 years$2,649$1,995$1,481$1,086$789$244
27 years$2,523$1,877$1,375$994$711$208
28 years$2,407$1,769$1,279$911$642$177
29 years$2,299$1,669$1,190$835$579$151
30 years$2,198$1,576$1,108$767$524$129
31 years$2,104$1,490$1,033$704$473$110
32 years$2,017$1,410$964$647$428$94
33 years$1,934$1,335$900$595$387$80
34 years$1,857$1,265$841$548$351$69
35 years$1,784$1,200$786$504$318$59
36 years$1,715$1,139$736$464$288$50
37 years$1,651$1,082$688$428$261$43
38 years$1,589$1,028$645$394$237$37
39 years$1,531$978$604$364$215$31
40 years$1,477$930$566$335$195$27
41 years$1,424$885$531$309$177$23
42 years$1,375$843$498$285$160$19
43 years$1,328$803$467$264$145$17
44 years$1,283$766$439$243$132$14
45 years$1,241$730$412$225$120$12
46 years$1,200$697$387$208$109$10
47 years$1,161$665$363$192$99$9
48 years$1,124$635$341$177$90$8
49 years$1,088$606$321$164$81$6
50 years$1,054$579$302$151$74$6

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 $3,400 every year, while hoping to spend $27,299 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: 75/16/9 Blend
43$1,080,000$1,080,000$1,080,000$1,080,000
44$1,193,667$1,136,427$1,119,687$1,281,145
45$1,286,375$1,163,066$1,128,151$1,365,870
46$1,387,625$1,190,095$1,135,983$1,454,898
47$1,498,258$1,217,506$1,143,134$1,551,684
48$1,619,202$1,245,285$1,149,551$1,656,989
49$1,751,478$1,273,422$1,155,178$1,771,649
50$1,896,211$1,301,901$1,159,959$1,896,586
51$2,054,638$1,330,708$1,163,831$2,032,814
52$2,228,122$1,359,824$1,166,730$2,181,452
53$2,418,165$1,389,230$1,168,590$2,343,730
54$2,626,420$1,418,904$1,169,340$2,521,006
55$2,854,708$1,448,823$1,168,906$2,714,772
56$3,105,033$1,478,961$1,167,209$2,926,675
57$3,379,604$1,509,287$1,164,168$3,158,528
58$3,680,854$1,539,773$1,159,698$3,412,328
59$4,011,462$1,570,383$1,153,709$3,690,276
60$4,374,380$1,601,081$1,146,107$3,994,796
61$4,772,859$1,631,825$1,136,794$4,328,560
62$5,210,479$1,662,574$1,125,665$4,694,510
63$5,691,187$1,693,279$1,112,614$5,095,890
64$6,219,328$1,723,889$1,097,526$5,536,272
65$6,799,690$1,754,350$1,080,284$6,019,595
66$7,437,548$1,784,603$1,060,763$6,550,194
67$8,138,712$1,814,583$1,038,833$7,132,852
68$8,909,585$1,844,221$1,014,358$7,772,834
69$9,757,219$1,873,445$987,196$8,475,946
70$10,689,387$1,902,175$957,198$9,248,582
71$11,714,648$1,930,326$924,208$10,097,791
72$12,842,437$1,957,807$888,064$11,031,338
73$14,083,147$1,984,521$848,596$12,057,782
74$15,448,229$2,010,363$805,625$13,186,553
75$16,950,300$2,035,223$758,965$14,428,044
76$18,603,263$2,058,981$708,422$15,793,706
77$20,422,435$2,081,509$653,793$17,296,161
78$22,424,694$2,102,674$594,866$18,949,314
79$24,628,637$2,122,329$531,418$20,768,493
80$27,054,756$2,140,322$463,219$22,770,586
81$29,725,630$2,156,486$390,025$24,974,205
82$32,666,138$2,170,649$311,586$27,399,861
83$35,903,697$2,182,623$227,636$30,070,156
84$39,468,513$2,192,210$137,901$33,009,998
85$43,393,873$2,199,200$42,093$36,246,838
86$47,716,457$2,203,370$0$39,810,925
87$52,476,681$2,204,480$0$43,741,372
88$57,719,082$2,202,280$0$48,073,828
89$63,492,736$2,196,499$0$52,844,763
90$69,851,721$2,186,854$0$58,098,825
91$76,855,629$2,173,042$0$63,885,216
92$84,570,125$2,154,742$0$70,258,154
93$93,067,569$2,131,616$0$77,277,387
94$102,427,697$2,103,302$0$85,008,759
95$112,738,377$2,069,418$0$93,524,825
96$124,096,433$2,029,561$0$102,905,544
97$136,608,560$1,983,301$0$113,239,028
98$150,392,335$1,930,184$0$124,622,376
99$165,577,320$1,869,730$0$137,162,593
100$182,306,291$1,801,431$0$150,977,596