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

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$92,489$91,665$90,861$90,076$89,310$88,710
2 years$45,786$44,934$44,107$43,306$42,529$41,924
3 years$30,221$29,365$28,540$27,747$26,982$26,390
4 years$22,440$21,586$20,770$19,990$19,244$18,670
5 years$17,772$16,924$16,118$15,354$14,629$14,075
6 years$14,662$13,820$13,026$12,279$11,575$11,042
7 years$12,441$11,606$10,825$10,095$9,414$8,902
8 years$10,776$9,948$9,180$8,469$7,810$7,318
9 years$9,482$8,662$7,907$7,213$6,577$6,106
10 years$8,447$7,635$6,893$6,218$5,604$5,154
11 years$7,601$6,797$6,069$5,411$4,819$4,390
12 years$6,896$6,100$5,386$4,747$4,176$3,766
13 years$6,300$5,513$4,812$4,191$3,642$3,251
14 years$5,790$5,011$4,324$3,720$3,193$2,821
15 years$5,348$4,578$3,904$3,317$2,811$2,457
16 years$4,962$4,200$3,539$2,970$2,484$2,149
17 years$4,622$3,868$3,221$2,669$2,203$1,884
18 years$4,319$3,574$2,940$2,405$1,959$1,657
19 years$4,049$3,313$2,691$2,173$1,746$1,460
20 years$3,807$3,078$2,470$1,968$1,559$1,289
21 years$3,587$2,867$2,272$1,786$1,395$1,141
22 years$3,388$2,677$2,094$1,624$1,251$1,010
23 years$3,206$2,503$1,933$1,479$1,123$896
24 years$3,040$2,345$1,788$1,349$1,009$796
25 years$2,888$2,201$1,656$1,232$908$707
26 years$2,747$2,069$1,536$1,127$818$629
27 years$2,617$1,947$1,426$1,031$737$560
28 years$2,496$1,834$1,326$945$665$499
29 years$2,384$1,731$1,234$866$601$445
30 years$2,280$1,634$1,149$795$543$397
31 years$2,182$1,545$1,071$730$491$354
32 years$2,091$1,462$1,000$671$444$316
33 years$2,006$1,384$933$617$402$283
34 years$1,925$1,312$872$568$364$253
35 years$1,850$1,245$815$523$330$226
36 years$1,779$1,181$763$481$299$202
37 years$1,712$1,122$714$444$271$180
38 years$1,648$1,066$669$409$245$161
39 years$1,588$1,014$626$377$222$144
40 years$1,531$965$587$348$202$129
41 years$1,477$918$551$321$183$116
42 years$1,426$874$516$296$166$103
43 years$1,377$833$485$273$151$93
44 years$1,331$794$455$252$137$83
45 years$1,286$757$427$233$124$74
46 years$1,244$723$401$215$113$66
47 years$1,204$689$377$199$102$60
48 years$1,166$658$354$184$93$53
49 years$1,129$629$333$170$84$48
50 years$1,094$600$313$157$77$43

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 $3,192 every year, while hoping to spend $55,230 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: 65/16/19 Blend
43$1,120,000$1,120,000$1,120,000$1,120,000
44$1,237,533$1,178,173$1,160,813$1,311,867
45$1,304,997$1,177,139$1,140,935$1,361,111
46$1,377,491$1,174,203$1,118,541$1,408,297
47$1,455,470$1,169,214$1,093,488$1,458,551
48$1,539,434$1,162,012$1,065,625$1,512,172
49$1,629,930$1,152,424$1,034,798$1,569,496
50$1,727,562$1,140,272$1,000,842$1,630,890
51$1,832,990$1,125,362$963,588$1,696,765
52$1,946,942$1,107,492$922,855$1,767,571
53$2,070,218$1,086,447$878,458$1,843,808
54$2,203,695$1,061,998$830,202$1,926,029
55$2,348,340$1,033,904$777,881$2,014,846
56$2,505,215$1,001,909$721,284$2,110,935
57$2,675,487$965,742$660,188$2,215,043
58$2,860,441$925,118$594,358$2,327,997
59$3,061,490$879,733$523,554$2,450,711
60$3,280,189$829,267$447,519$2,584,194
61$3,518,247$773,380$365,990$2,729,563
62$3,777,547$711,714$278,690$2,888,051
63$4,060,160$643,891$185,328$3,061,023
64$4,368,364$569,509$85,604$3,249,983
65$4,704,667$488,146$0$3,456,597
66$5,071,832$399,354$0$3,686,922
67$5,472,897$302,660$0$3,957,565
68$5,911,209$197,567$0$4,253,464
69$6,390,451$83,546$0$4,577,170
70$6,914,679$0$0$4,931,494
71$7,488,358$0$0$5,326,571
72$8,116,407$0$0$5,775,267
73$8,804,241$0$0$6,266,749
74$9,557,822$0$0$6,805,287
75$10,383,719$0$0$7,395,586
76$11,289,163$0$0$8,042,824
77$12,282,121$0$0$8,752,707
78$13,371,368$0$0$9,531,517
79$14,566,566$0$0$10,386,176
80$15,878,360$0$0$11,324,307
81$17,318,477$0$0$12,354,308
82$18,899,833$0$0$13,485,429
83$20,636,655$0$0$14,727,860
84$22,544,618$0$0$16,092,827
85$24,640,988$0$0$17,592,697
86$26,944,787$0$0$19,241,093
87$29,476,973$0$0$21,053,025
88$32,260,631$0$0$23,045,027
89$35,321,199$0$0$25,235,319
90$38,686,699$0$0$27,643,971
91$42,388,006$0$0$30,293,097
92$46,459,137$0$0$33,207,061
93$50,937,572$0$0$36,412,708
94$55,864,604$0$0$39,939,614
95$61,285,733$0$0$43,820,368
96$67,251,089$0$0$48,090,877
97$73,815,910$0$0$52,790,704
98$81,041,056$0$0$57,963,442
99$88,993,589$0$0$63,657,124
100$97,747,400$0$0$69,924,676