Can I retire at age 44 with 1,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$91,663$90,846$90,050$89,272$88,513$87,662
2 years$45,378$44,532$43,713$42,919$42,149$41,291
3 years$29,951$29,102$28,285$27,499$26,741$25,904
4 years$22,240$21,393$20,585$19,811$19,072$18,261
5 years$17,614$16,773$15,974$15,217$14,498$13,717
6 years$14,531$13,696$12,910$12,169$11,472$10,721
7 years$12,330$11,502$10,728$10,005$9,330$8,609
8 years$10,680$9,859$9,098$8,393$7,740$7,050
9 years$9,397$8,584$7,836$7,149$6,518$5,858
10 years$8,371$7,567$6,832$6,162$5,554$4,923
11 years$7,533$6,736$6,015$5,363$4,776$4,175
12 years$6,834$6,046$5,338$4,704$4,139$3,567
13 years$6,244$5,464$4,769$4,153$3,609$3,065
14 years$5,738$4,966$4,285$3,687$3,164$2,647
15 years$5,300$4,537$3,869$3,288$2,786$2,295
16 years$4,918$4,163$3,508$2,944$2,462$1,997
17 years$4,580$3,834$3,192$2,645$2,183$1,743
18 years$4,281$3,542$2,914$2,384$1,941$1,525
19 years$4,013$3,283$2,667$2,154$1,730$1,337
20 years$3,773$3,051$2,448$1,951$1,545$1,175
21 years$3,555$2,842$2,252$1,770$1,383$1,034
22 years$3,358$2,653$2,075$1,610$1,240$911
23 years$3,178$2,481$1,916$1,466$1,113$804
24 years$3,013$2,324$1,772$1,337$1,000$710
25 years$2,862$2,181$1,641$1,221$900$628
26 years$2,722$2,050$1,522$1,117$811$555
27 years$2,593$1,929$1,414$1,022$731$492
28 years$2,474$1,818$1,314$936$660$436
29 years$2,363$1,715$1,223$859$596$386
30 years$2,259$1,620$1,139$788$538$343
31 years$2,163$1,531$1,062$724$486$304
32 years$2,073$1,449$991$665$440$270
33 years$1,988$1,372$925$612$398$240
34 years$1,908$1,300$864$563$361$213
35 years$1,833$1,233$808$518$327$189
36 years$1,763$1,171$756$477$296$168
37 years$1,696$1,112$708$440$268$150
38 years$1,633$1,057$663$405$243$133
39 years$1,574$1,005$621$374$220$118
40 years$1,518$956$582$345$200$105
41 years$1,464$910$546$318$181$94
42 years$1,413$867$512$293$165$83
43 years$1,365$826$480$271$149$74
44 years$1,319$787$451$250$136$66
45 years$1,275$751$423$231$123$59
46 years$1,233$716$398$213$112$52
47 years$1,193$683$373$197$102$46
48 years$1,155$652$351$182$92$41
49 years$1,119$623$330$168$84$37
50 years$1,084$595$310$156$76$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,110,000, adding $2,697 every year, while hoping to spend $36,140 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: 58/12/30 Blend
43$1,110,000$1,110,000$1,110,000$1,110,000
44$1,226,002$1,167,172$1,149,967$1,286,873
45$1,312,601$1,185,911$1,150,038$1,347,702
46$1,406,823$1,204,356$1,148,901$1,409,984
47$1,509,405$1,222,456$1,146,475$1,477,171
48$1,621,163$1,240,155$1,142,680$1,549,750
49$1,742,990$1,257,391$1,137,428$1,628,258
50$1,875,872$1,274,100$1,130,630$1,713,290
51$2,020,894$1,290,214$1,122,188$1,805,499
52$2,179,249$1,305,658$1,112,006$1,905,610
53$2,352,251$1,320,354$1,099,977$2,014,419
54$2,541,347$1,334,218$1,085,992$2,132,808
55$2,748,130$1,347,160$1,069,938$2,261,747
56$2,974,353$1,359,085$1,051,695$2,402,308
57$3,221,947$1,369,890$1,031,137$2,555,674
58$3,493,038$1,379,467$1,008,132$2,723,150
59$3,789,967$1,387,701$982,544$2,906,174
60$4,115,314$1,394,468$954,229$3,106,336
61$4,471,917$1,399,638$923,037$3,325,387
62$4,862,904$1,403,072$888,811$3,565,260
63$5,291,720$1,404,622$851,385$3,828,087
64$5,762,158$1,404,131$810,589$4,116,221
65$6,278,397$1,401,432$766,243$4,432,255
66$6,845,040$1,396,349$718,159$4,779,052
67$7,467,158$1,388,694$666,141$5,159,767
68$8,150,336$1,378,267$609,984$5,577,883
69$8,900,725$1,364,858$549,474$6,037,238
70$9,725,105$1,348,241$484,387$6,542,068
71$10,630,941$1,328,181$414,489$7,097,043
72$11,626,459$1,304,424$339,537$7,707,313
73$12,720,722$1,276,705$259,276$8,378,558
74$13,923,714$1,244,741$173,440$9,117,042
75$15,246,433$1,208,234$81,750$9,929,670
76$16,700,998$1,166,866$0$10,824,061
77$18,300,761$1,120,304$0$11,813,764
78$20,060,432$1,068,192$0$12,931,147
79$21,996,218$1,010,156$0$14,160,327
80$24,125,978$945,799$0$15,512,666
81$26,469,387$874,702$0$17,000,687
82$29,048,124$796,423$0$18,638,190
83$31,886,077$710,491$0$20,440,382
84$35,009,564$616,413$0$22,424,023
85$38,447,588$513,665$0$24,607,582
86$42,232,101$401,694$0$27,011,413
87$46,398,315$279,917$0$29,657,946
88$50,985,027$147,717$0$32,571,900
89$56,034,988$4,442$0$35,780,517
90$61,595,303$0$0$39,313,818
91$67,717,879$0$0$43,224,773
92$74,459,914$0$0$47,532,192
93$81,884,433$0$0$52,275,770
94$90,060,886$0$0$57,499,895
95$99,065,800$0$0$63,253,478
96$108,983,505$0$0$69,590,417
97$119,906,925$0$0$76,570,105
98$131,938,457$0$0$84,257,987
99$145,190,939$0$0$92,726,181
100$159,788,708$0$0$102,054,158