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%11.7%
1 years$92,489$91,665$90,861$90,076$89,310$88,673
2 years$45,786$44,934$44,107$43,306$42,529$41,886
3 years$30,221$29,365$28,540$27,747$26,982$26,354
4 years$22,440$21,586$20,770$19,990$19,244$18,635
5 years$17,772$16,924$16,118$15,354$14,629$14,041
6 years$14,662$13,820$13,026$12,279$11,575$11,010
7 years$12,441$11,606$10,825$10,095$9,414$8,871
8 years$10,776$9,948$9,180$8,469$7,810$7,289
9 years$9,482$8,662$7,907$7,213$6,577$6,078
10 years$8,447$7,635$6,893$6,218$5,604$5,127
11 years$7,601$6,797$6,069$5,411$4,819$4,364
12 years$6,896$6,100$5,386$4,747$4,176$3,742
13 years$6,300$5,513$4,812$4,191$3,642$3,228
14 years$5,790$5,011$4,324$3,720$3,193$2,799
15 years$5,348$4,578$3,904$3,317$2,811$2,437
16 years$4,962$4,200$3,539$2,970$2,484$2,129
17 years$4,622$3,868$3,221$2,669$2,203$1,866
18 years$4,319$3,574$2,940$2,405$1,959$1,640
19 years$4,049$3,313$2,691$2,173$1,746$1,444
20 years$3,807$3,078$2,470$1,968$1,559$1,274
21 years$3,587$2,867$2,272$1,786$1,395$1,126
22 years$3,388$2,677$2,094$1,624$1,251$997
23 years$3,206$2,503$1,933$1,479$1,123$884
24 years$3,040$2,345$1,788$1,349$1,009$784
25 years$2,888$2,201$1,656$1,232$908$696
26 years$2,747$2,069$1,536$1,127$818$619
27 years$2,617$1,947$1,426$1,031$737$551
28 years$2,496$1,834$1,326$945$665$490
29 years$2,384$1,731$1,234$866$601$437
30 years$2,280$1,634$1,149$795$543$389
31 years$2,182$1,545$1,071$730$491$347
32 years$2,091$1,462$1,000$671$444$310
33 years$2,006$1,384$933$617$402$276
34 years$1,925$1,312$872$568$364$247
35 years$1,850$1,245$815$523$330$220
36 years$1,779$1,181$763$481$299$197
37 years$1,712$1,122$714$444$271$176
38 years$1,648$1,066$669$409$245$157
39 years$1,588$1,014$626$377$222$141
40 years$1,531$965$587$348$202$126
41 years$1,477$918$551$321$183$112
42 years$1,426$874$516$296$166$100
43 years$1,377$833$485$273$151$90
44 years$1,331$794$455$252$137$80
45 years$1,286$757$427$233$124$72
46 years$1,244$723$401$215$113$64
47 years$1,204$689$377$199$102$58
48 years$1,166$658$354$184$93$51
49 years$1,129$629$333$170$84$46
50 years$1,094$600$313$157$77$41

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 $6,861 every year, while hoping to spend $28,598 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: 80/5/15 Blend
43$1,120,000$1,120,000$1,120,000$1,120,000
44$1,241,317$1,181,957$1,164,597$1,336,250
45$1,337,503$1,209,445$1,173,183$1,427,161
46$1,442,542$1,237,321$1,181,098$1,522,538
47$1,557,306$1,265,575$1,188,290$1,626,399
48$1,682,757$1,294,193$1,194,702$1,739,582
49$1,819,951$1,323,161$1,200,278$1,863,010
50$1,970,054$1,352,464$1,204,955$1,997,699
51$2,134,348$1,382,084$1,208,670$2,144,770
52$2,314,245$1,412,000$1,211,355$2,305,456
53$2,511,302$1,442,191$1,212,938$2,481,116
54$2,727,229$1,472,633$1,213,347$2,673,247
55$2,963,915$1,503,300$1,212,501$2,883,499
56$3,223,435$1,534,163$1,210,321$3,113,689
57$3,508,078$1,565,189$1,206,719$3,365,820
58$3,820,364$1,596,346$1,201,607$3,642,096
59$4,163,068$1,627,594$1,194,888$3,944,950
60$4,539,249$1,658,894$1,186,465$4,277,059
61$4,952,274$1,690,202$1,176,233$4,641,373
62$5,405,854$1,721,469$1,164,084$5,041,146
63$5,904,074$1,752,644$1,149,904$5,479,958
64$6,451,438$1,783,672$1,133,574$5,961,760
65$7,052,905$1,814,493$1,114,970$6,490,899
66$7,713,940$1,845,041$1,093,959$7,072,171
67$8,440,562$1,875,248$1,070,407$7,710,858
68$9,239,402$1,905,039$1,044,169$8,412,780
69$10,117,769$1,934,333$1,015,096$9,184,352
70$11,083,711$1,963,046$983,032$10,032,641
71$12,146,099$1,991,083$947,812$10,965,438
72$13,314,703$2,018,348$909,266$11,991,325
73$14,600,290$2,044,735$867,214$13,119,761
74$16,014,723$2,070,131$821,469$14,361,169
75$17,571,072$2,094,414$771,835$15,727,035
76$19,283,738$2,117,458$718,109$17,230,018
77$21,168,590$2,139,123$660,076$18,884,066
78$23,243,110$2,159,264$597,512$20,704,551
79$25,526,564$2,177,725$530,186$22,708,413
80$28,040,179$2,194,340$457,853$24,914,319
81$30,807,346$2,208,930$380,259$27,342,842
82$33,853,835$2,221,308$297,138$30,016,651
83$37,208,047$2,231,273$208,213$32,960,730
84$40,901,274$2,238,611$113,194$36,202,611
85$44,967,997$2,243,097$11,779$39,772,634
86$49,446,212$2,244,488$0$43,704,234
87$54,377,787$2,242,528$0$48,049,695
88$59,808,856$2,236,947$0$52,837,200
89$65,790,257$2,227,455$0$58,109,666
90$72,378,009$2,213,746$0$63,916,461
91$79,633,842$2,195,496$0$70,311,991
92$87,625,778$2,172,359$0$77,356,205
93$96,428,774$2,143,972$0$85,115,166
94$106,125,428$2,109,946$0$93,661,672
95$116,806,760$2,069,871$0$103,075,943
96$128,573,069$2,023,314$0$113,446,381
97$141,534,880$1,969,815$0$124,870,401
98$155,813,988$1,908,885$0$137,455,349
99$171,544,605$1,840,011$0$151,319,521
100$188,874,628$1,762,646$0$166,593,275