Can I retire at age 44 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$93,314$92,483$91,672$90,881$90,108$88,945
2 years$46,195$45,335$44,501$43,693$42,908$41,739
3 years$30,491$29,627$28,795$27,994$27,223$26,082
4 years$22,640$21,779$20,955$20,168$19,416$18,313
5 years$17,931$17,075$16,262$15,491$14,759$13,698
6 years$14,793$13,943$13,142$12,388$11,679$10,660
7 years$12,552$11,709$10,921$10,185$9,498$8,522
8 years$10,872$10,037$9,262$8,544$7,879$6,947
9 years$9,566$8,739$7,978$7,278$6,636$5,745
10 years$8,522$7,703$6,955$6,273$5,654$4,805
11 years$7,668$6,858$6,123$5,460$4,862$4,055
12 years$6,957$6,155$5,434$4,789$4,214$3,446
13 years$6,356$5,562$4,855$4,228$3,674$2,946
14 years$5,842$5,056$4,362$3,753$3,221$2,531
15 years$5,396$4,619$3,938$3,347$2,836$2,183
16 years$5,006$4,238$3,571$2,997$2,506$1,889
17 years$4,663$3,903$3,249$2,693$2,222$1,639
18 years$4,358$3,606$2,966$2,427$1,976$1,426
19 years$4,085$3,342$2,715$2,193$1,761$1,243
20 years$3,841$3,106$2,492$1,986$1,573$1,086
21 years$3,619$2,893$2,292$1,802$1,408$950
22 years$3,418$2,700$2,113$1,639$1,262$832
23 years$3,235$2,526$1,951$1,492$1,133$730
24 years$3,067$2,366$1,804$1,361$1,018$641
25 years$2,913$2,221$1,671$1,243$916$563
26 years$2,771$2,087$1,550$1,137$825$495
27 years$2,640$1,964$1,439$1,040$744$435
28 years$2,519$1,851$1,338$953$671$383
29 years$2,405$1,746$1,245$874$606$338
30 years$2,300$1,649$1,160$802$548$297
31 years$2,202$1,559$1,081$737$495$262
32 years$2,110$1,475$1,009$677$448$231
33 years$2,024$1,397$942$623$405$204
34 years$1,943$1,324$880$573$367$180
35 years$1,866$1,256$823$527$332$159
36 years$1,795$1,192$770$486$301$140
37 years$1,727$1,132$720$448$273$124
38 years$1,663$1,076$675$413$248$109
39 years$1,602$1,023$632$380$224$97
40 years$1,545$973$592$351$204$85
41 years$1,490$926$555$324$185$75
42 years$1,439$882$521$299$168$67
43 years$1,389$841$489$276$152$59
44 years$1,343$801$459$255$138$52
45 years$1,298$764$431$235$125$46
46 years$1,255$729$405$217$114$41
47 years$1,215$696$380$201$103$36
48 years$1,176$664$357$185$94$32
49 years$1,139$634$336$171$85$28
50 years$1,103$606$316$158$77$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,130,000, adding $2,939 every year, while hoping to spend $45,993 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: 38/48/14 Blend
43$1,130,000$1,130,000$1,130,000$1,130,000
44$1,248,292$1,188,402$1,170,887$1,290,331
45$1,326,681$1,197,697$1,161,175$1,329,913
46$1,411,525$1,205,907$1,149,597$1,368,004
47$1,503,433$1,212,928$1,136,041$1,408,172
48$1,603,075$1,218,654$1,120,390$1,450,626
49$1,711,189$1,222,968$1,102,523$1,495,601
50$1,828,585$1,225,749$1,082,313$1,543,354
51$1,956,156$1,226,866$1,059,626$1,594,176
52$2,094,883$1,226,181$1,034,322$1,648,387
53$2,245,844$1,223,547$1,006,255$1,706,345
54$2,410,228$1,218,808$975,272$1,768,446
55$2,589,341$1,211,799$941,213$1,835,131
56$2,784,621$1,202,345$903,912$1,906,890
57$2,997,652$1,190,260$863,192$1,984,267
58$3,230,176$1,175,346$818,872$2,067,866
59$3,484,110$1,157,394$770,761$2,158,357
60$3,761,565$1,136,182$718,658$2,256,485
61$4,064,867$1,111,477$662,354$2,363,074
62$4,396,573$1,083,030$601,633$2,479,039
63$4,759,502$1,050,576$536,266$2,605,395
64$5,156,756$1,013,839$466,016$2,743,267
65$5,591,750$972,523$390,633$2,893,900
66$6,068,248$926,315$309,858$3,058,677
67$6,590,392$874,887$223,421$3,239,127
68$7,162,745$817,890$131,038$3,436,943
69$7,790,332$754,954$32,415$3,654,003
70$8,478,688$685,688$0$3,892,382
71$9,233,909$609,682$0$4,165,260
72$10,062,710$526,499$0$4,470,177
73$10,972,488$435,679$0$4,805,148
74$11,971,389$336,735$0$5,173,342
75$13,068,390$229,153$0$5,578,258
76$14,273,375$112,391$0$6,023,763
77$15,597,238$0$0$6,514,127
78$17,051,975$0$0$7,061,532
79$18,650,807$0$0$7,728,565
80$20,408,294$0$0$8,461,958
81$22,340,481$0$0$9,268,428
82$24,465,043$0$0$10,155,373
83$26,801,454$0$0$11,130,946
84$29,371,169$0$0$12,204,129
85$32,197,829$0$0$13,384,817
86$35,307,478$0$0$14,683,916
87$38,728,814$0$0$16,113,439
88$42,493,455$0$0$17,686,624
89$46,636,240$0$0$19,418,057
90$51,195,555$0$0$21,323,808
91$56,213,696$0$0$23,421,588
92$61,737,269$0$0$25,730,907
93$67,817,623$0$0$28,273,268
94$74,511,343$0$0$31,072,360
95$81,880,776$0$0$34,154,288
96$89,994,624$0$0$37,547,819
97$98,928,588$0$0$41,284,648
98$108,766,083$0$0$45,399,703
99$119,599,026$0$0$49,931,470
100$131,528,702$0$0$54,922,359