Can I retire at age 44 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$92,489$91,665$90,861$90,076$89,310$87,795
2 years$45,786$44,934$44,107$43,306$42,529$41,006
3 years$30,221$29,365$28,540$27,747$26,982$25,500
4 years$22,440$21,586$20,770$19,990$19,244$17,814
5 years$17,772$16,924$16,118$15,354$14,629$13,256
6 years$14,662$13,820$13,026$12,279$11,575$10,260
7 years$12,441$11,606$10,825$10,095$9,414$8,157
8 years$10,776$9,948$9,180$8,469$7,810$6,610
9 years$9,482$8,662$7,907$7,213$6,577$5,435
10 years$8,447$7,635$6,893$6,218$5,604$4,518
11 years$7,601$6,797$6,069$5,411$4,819$3,789
12 years$6,896$6,100$5,386$4,747$4,176$3,200
13 years$6,300$5,513$4,812$4,191$3,642$2,717
14 years$5,790$5,011$4,324$3,720$3,193$2,319
15 years$5,348$4,578$3,904$3,317$2,811$1,986
16 years$4,962$4,200$3,539$2,970$2,484$1,707
17 years$4,622$3,868$3,221$2,669$2,203$1,471
18 years$4,319$3,574$2,940$2,405$1,959$1,271
19 years$4,049$3,313$2,691$2,173$1,746$1,100
20 years$3,807$3,078$2,470$1,968$1,559$953
21 years$3,587$2,867$2,272$1,786$1,395$828
22 years$3,388$2,677$2,094$1,624$1,251$719
23 years$3,206$2,503$1,933$1,479$1,123$626
24 years$3,040$2,345$1,788$1,349$1,009$545
25 years$2,888$2,201$1,656$1,232$908$475
26 years$2,747$2,069$1,536$1,127$818$415
27 years$2,617$1,947$1,426$1,031$737$362
28 years$2,496$1,834$1,326$945$665$316
29 years$2,384$1,731$1,234$866$601$276
30 years$2,280$1,634$1,149$795$543$241
31 years$2,182$1,545$1,071$730$491$211
32 years$2,091$1,462$1,000$671$444$184
33 years$2,006$1,384$933$617$402$161
34 years$1,925$1,312$872$568$364$141
35 years$1,850$1,245$815$523$330$124
36 years$1,779$1,181$763$481$299$108
37 years$1,712$1,122$714$444$271$95
38 years$1,648$1,066$669$409$245$83
39 years$1,588$1,014$626$377$222$73
40 years$1,531$965$587$348$202$64
41 years$1,477$918$551$321$183$56
42 years$1,426$874$516$296$166$49
43 years$1,377$833$485$273$151$43
44 years$1,331$794$455$252$137$37
45 years$1,286$757$427$233$124$33
46 years$1,244$723$401$215$113$29
47 years$1,204$689$377$199$102$25
48 years$1,166$658$354$184$93$22
49 years$1,129$629$333$170$84$19
50 years$1,094$600$313$157$77$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,120,000, adding $4,940 every year, while hoping to spend $42,517 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: 26/47/27 Blend
43$1,120,000$1,120,000$1,120,000$1,120,000
44$1,239,336$1,179,976$1,162,616$1,260,981
45$1,320,510$1,192,557$1,156,325$1,291,636
46$1,408,539$1,204,329$1,148,400$1,320,534
47$1,504,078$1,215,209$1,138,738$1,350,662
48$1,607,845$1,225,105$1,127,237$1,382,152
49$1,720,632$1,233,923$1,113,787$1,415,154
50$1,843,311$1,241,559$1,098,273$1,449,834
51$1,976,839$1,247,905$1,080,575$1,486,380
52$2,122,270$1,252,846$1,060,568$1,525,003
53$2,280,764$1,256,259$1,038,120$1,565,937
54$2,453,599$1,258,012$1,013,094$1,609,446
55$2,642,179$1,257,968$985,346$1,655,823
56$2,848,052$1,255,978$954,725$1,705,398
57$3,072,918$1,251,887$921,074$1,758,537
58$3,318,654$1,245,527$884,228$1,815,649
59$3,587,322$1,236,723$844,015$1,877,191
60$3,881,195$1,225,289$800,255$1,943,672
61$4,202,773$1,211,024$752,760$2,015,658
62$4,554,812$1,193,721$701,333$2,093,779
63$4,940,345$1,173,155$645,770$2,178,739
64$5,362,711$1,149,091$585,854$2,271,318
65$5,825,590$1,121,279$521,363$2,372,385
66$6,333,034$1,089,454$452,062$2,482,904
67$6,889,503$1,053,337$377,706$2,603,948
68$7,499,913$1,012,631$298,039$2,736,708
69$8,169,676$967,023$212,796$2,882,506
70$8,904,756$916,180$121,697$3,042,809
71$9,711,720$859,751$24,453$3,219,245
72$10,597,802$797,366$0$3,413,620
73$11,570,973$728,631$0$3,650,787
74$12,640,011$653,133$0$3,919,116
75$13,814,588$570,433$0$4,214,110
76$15,105,359$480,067$0$4,538,592
77$16,524,062$381,546$0$4,895,683
78$18,083,627$274,354$0$5,288,834
79$19,798,303$157,943$0$5,721,854
80$21,683,786$31,738$0$6,198,958
81$23,757,369$0$0$6,724,799
82$26,038,105$0$0$7,358,756
83$28,546,987$0$0$8,074,397
84$31,307,144$0$0$8,861,934
85$34,344,060$0$0$9,728,663
86$37,685,815$0$0$10,682,628
87$41,363,347$0$0$11,732,688
88$45,410,745$0$0$12,888,608
89$49,865,570$0$0$14,161,146
90$54,769,209$0$0$15,562,158
91$60,167,267$0$0$17,104,704
92$66,109,991$0$0$18,803,179
93$72,652,752$0$0$20,673,443
94$79,856,559$0$0$22,732,973
95$87,788,642$0$0$25,001,026
96$96,523,079$0$0$27,498,824
97$106,141,498$0$0$30,249,749
98$116,733,848$0$0$33,279,568
99$128,399,244$0$0$36,616,677
100$141,246,904$0$0$40,292,362