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%16.2%
1 years$89,185$88,391$87,616$86,859$86,121$83,937
2 years$44,151$43,329$42,532$41,759$41,010$38,824
3 years$29,142$28,316$27,521$26,756$26,018$23,898
4 years$21,638$20,815$20,028$19,276$18,557$16,519
5 years$17,138$16,319$15,543$14,806$14,106$12,157
6 years$14,138$13,326$12,561$11,840$11,162$9,303
7 years$11,997$11,191$10,438$9,735$9,078$7,309
8 years$10,391$9,593$8,852$8,166$7,531$5,851
9 years$9,143$8,352$7,625$6,956$6,342$4,750
10 years$8,145$7,362$6,647$5,996$5,404$3,898
11 years$7,329$6,554$5,852$5,218$4,647$3,226
12 years$6,650$5,883$5,194$4,577$4,027$2,687
13 years$6,075$5,316$4,640$4,041$3,512$2,251
14 years$5,583$4,832$4,169$3,587$3,078$1,893
15 years$5,157$4,414$3,764$3,199$2,711$1,598
16 years$4,785$4,050$3,413$2,864$2,396$1,353
17 years$4,457$3,730$3,106$2,574$2,124$1,149
18 years$4,165$3,447$2,835$2,319$1,889$977
19 years$3,905$3,194$2,595$2,096$1,683$832
20 years$3,671$2,968$2,382$1,898$1,504$710
21 years$3,459$2,765$2,191$1,723$1,346$607
22 years$3,267$2,581$2,019$1,566$1,206$519
23 years$3,092$2,414$1,864$1,426$1,083$444
24 years$2,932$2,262$1,724$1,301$973$381
25 years$2,784$2,122$1,597$1,188$876$326
26 years$2,649$1,995$1,481$1,086$789$280
27 years$2,523$1,877$1,375$994$711$240
28 years$2,407$1,769$1,279$911$642$206
29 years$2,299$1,669$1,190$835$579$177
30 years$2,198$1,576$1,108$767$524$152
31 years$2,104$1,490$1,033$704$473$131
32 years$2,017$1,410$964$647$428$112
33 years$1,934$1,335$900$595$387$97
34 years$1,857$1,265$841$548$351$83
35 years$1,784$1,200$786$504$318$71
36 years$1,715$1,139$736$464$288$61
37 years$1,651$1,082$688$428$261$53
38 years$1,589$1,028$645$394$237$45
39 years$1,531$978$604$364$215$39
40 years$1,477$930$566$335$195$34
41 years$1,424$885$531$309$177$29
42 years$1,375$843$498$285$160$25
43 years$1,328$803$467$264$145$21
44 years$1,283$766$439$243$132$18
45 years$1,241$730$412$225$120$16
46 years$1,200$697$387$208$109$14
47 years$1,161$665$363$192$99$12
48 years$1,124$635$341$177$90$10
49 years$1,088$606$321$164$81$9
50 years$1,054$579$302$151$74$7

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 $5,246 every year, while hoping to spend $47,335 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: 45/30/25 Blend
43$1,080,000$1,080,000$1,080,000$1,080,000
44$1,195,571$1,138,331$1,121,591$1,240,535
45$1,267,155$1,143,745$1,108,800$1,278,279
46$1,344,455$1,147,838$1,093,995$1,314,184
47$1,428,002$1,150,495$1,077,057$1,352,188
48$1,518,383$1,151,595$1,057,863$1,392,511
49$1,616,242$1,151,007$1,036,285$1,435,399
50$1,722,287$1,148,594$1,012,189$1,481,125
51$1,837,296$1,144,210$985,432$1,529,993
52$1,962,124$1,137,701$955,869$1,582,341
53$2,097,714$1,128,902$923,343$1,638,543
54$2,245,101$1,117,638$887,695$1,699,017
55$2,405,424$1,103,725$848,756$1,764,226
56$2,579,936$1,086,967$806,349$1,834,685
57$2,770,018$1,067,156$760,289$1,910,965
58$2,977,185$1,044,073$710,385$1,993,701
59$3,203,110$1,017,484$656,435$2,083,594
60$3,449,630$987,143$598,228$2,181,424
61$3,718,769$952,790$535,545$2,288,058
62$4,012,754$914,148$468,157$2,404,453
63$4,334,038$870,924$395,823$2,531,671
64$4,685,320$822,809$318,293$2,670,890
65$5,069,574$769,477$235,307$2,823,413
66$5,490,071$710,582$146,590$2,990,684
67$5,950,415$645,759$51,858$3,174,303
68$6,454,577$574,620$0$3,376,038
69$7,006,925$496,757$0$3,610,984
70$7,612,273$411,740$0$3,883,788
71$8,275,922$319,112$0$4,183,089
72$9,003,709$218,393$0$4,511,630
73$9,802,066$109,072$0$4,872,438
74$10,678,075$0$0$5,268,855
75$11,639,536$0$0$5,707,671
76$12,695,044$0$0$6,229,070
77$13,854,065$0$0$6,801,737
78$15,127,025$0$0$7,430,840
79$16,525,413$0$0$8,122,075
80$18,061,883$0$0$8,881,715
81$19,750,374$0$0$9,716,670
82$21,606,247$0$0$10,634,555
83$23,646,421$0$0$11,643,757
84$25,889,537$0$0$12,753,520
85$28,356,133$0$0$13,974,024
86$31,068,837$0$0$15,316,489
87$34,052,578$0$0$16,793,274
88$37,334,825$0$0$18,417,998
89$40,945,840$0$0$20,205,666
90$44,918,970$0$0$22,172,810
91$49,290,953$0$0$24,337,648
92$54,102,271$0$0$26,720,250
93$59,397,529$0$0$29,342,732
94$65,225,873$0$0$32,229,464
95$71,641,456$0$0$35,407,297
96$78,703,949$0$0$38,905,816
97$86,479,101$0$0$42,757,625
98$95,039,360$0$0$46,998,645
99$104,464,556$0$0$51,668,462
100$114,842,654$0$0$56,810,692