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%12.6%
1 years$93,314$92,483$91,672$90,881$90,108$89,130
2 years$46,195$45,335$44,501$43,693$42,908$41,924
3 years$30,491$29,627$28,795$27,994$27,223$26,262
4 years$22,640$21,779$20,955$20,168$19,416$18,486
5 years$17,931$17,075$16,262$15,491$14,759$13,864
6 years$14,793$13,943$13,142$12,388$11,679$10,818
7 years$12,552$11,709$10,921$10,185$9,498$8,673
8 years$10,872$10,037$9,262$8,544$7,879$7,089
9 years$9,566$8,739$7,978$7,278$6,636$5,881
10 years$8,522$7,703$6,955$6,273$5,654$4,934
11 years$7,668$6,858$6,123$5,460$4,862$4,176
12 years$6,957$6,155$5,434$4,789$4,214$3,561
13 years$6,356$5,562$4,855$4,228$3,674$3,054
14 years$5,842$5,056$4,362$3,753$3,221$2,632
15 years$5,396$4,619$3,938$3,347$2,836$2,278
16 years$5,006$4,238$3,571$2,997$2,506$1,978
17 years$4,663$3,903$3,249$2,693$2,222$1,723
18 years$4,358$3,606$2,966$2,427$1,976$1,504
19 years$4,085$3,342$2,715$2,193$1,761$1,316
20 years$3,841$3,106$2,492$1,986$1,573$1,154
21 years$3,619$2,893$2,292$1,802$1,408$1,013
22 years$3,418$2,700$2,113$1,639$1,262$891
23 years$3,235$2,526$1,951$1,492$1,133$784
24 years$3,067$2,366$1,804$1,361$1,018$691
25 years$2,913$2,221$1,671$1,243$916$609
26 years$2,771$2,087$1,550$1,137$825$538
27 years$2,640$1,964$1,439$1,040$744$475
28 years$2,519$1,851$1,338$953$671$420
29 years$2,405$1,746$1,245$874$606$371
30 years$2,300$1,649$1,160$802$548$329
31 years$2,202$1,559$1,081$737$495$291
32 years$2,110$1,475$1,009$677$448$258
33 years$2,024$1,397$942$623$405$228
34 years$1,943$1,324$880$573$367$202
35 years$1,866$1,256$823$527$332$179
36 years$1,795$1,192$770$486$301$159
37 years$1,727$1,132$720$448$273$141
38 years$1,663$1,076$675$413$248$125
39 years$1,602$1,023$632$380$224$111
40 years$1,545$973$592$351$204$98
41 years$1,490$926$555$324$185$87
42 years$1,439$882$521$299$168$77
43 years$1,389$841$489$276$152$69
44 years$1,343$801$459$255$138$61
45 years$1,298$764$431$235$125$54
46 years$1,255$729$405$217$114$48
47 years$1,215$696$380$201$103$43
48 years$1,176$664$357$185$94$38
49 years$1,139$634$336$171$85$34
50 years$1,103$606$316$158$77$30

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 $5,856 every year, while hoping to spend $53,061 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: 51/30/19 Blend
43$1,130,000$1,130,000$1,130,000$1,130,000
44$1,251,300$1,191,410$1,173,895$1,308,263
45$1,322,477$1,193,333$1,156,764$1,350,074
46$1,399,134$1,193,572$1,137,281$1,389,537
47$1,481,777$1,191,987$1,115,311$1,431,305
48$1,570,957$1,188,433$1,090,712$1,475,615
49$1,667,281$1,182,753$1,063,338$1,522,731
50$1,771,417$1,174,782$1,033,033$1,572,945
51$1,884,098$1,164,343$999,637$1,626,583
52$2,006,131$1,151,250$962,979$1,684,006
53$2,138,402$1,135,307$922,884$1,745,616
54$2,281,885$1,116,303$879,167$1,811,857
55$2,437,652$1,094,016$831,634$1,883,226
56$2,606,882$1,068,213$780,083$1,960,271
57$2,790,873$1,038,644$724,305$2,043,602
58$2,991,050$1,005,046$664,077$2,133,895
59$3,208,984$967,140$599,171$2,231,898
60$3,446,402$924,631$529,345$2,338,443
61$3,705,205$877,208$454,347$2,454,452
62$3,987,484$824,540$373,917$2,580,943
63$4,295,543$766,278$287,779$2,719,049
64$4,631,916$702,054$195,647$2,870,022
65$4,999,394$631,476$97,223$3,035,248
66$5,401,047$554,134$0$3,216,264
67$5,840,258$469,590$0$3,416,352
68$6,320,750$377,386$0$3,656,948
69$6,846,623$277,034$0$3,920,471
70$7,422,392$168,022$0$4,209,297
71$8,053,027$49,806$0$4,526,048
72$8,744,004$0$0$4,873,621
73$9,501,352$0$0$5,281,024
74$10,331,712$0$0$5,745,847
75$11,242,397$0$0$6,255,755
76$12,241,462$0$0$6,815,275
77$13,337,781$0$0$7,429,391
78$14,541,127$0$0$8,103,594
79$15,862,264$0$0$8,843,932
80$17,313,054$0$0$9,657,069
81$18,906,558$0$0$10,550,344
82$20,657,168$0$0$11,531,843
83$22,580,737$0$0$12,610,474
84$24,694,732$0$0$13,796,050
85$27,018,393$0$0$15,099,383
86$29,572,919$0$0$16,532,385
87$32,381,664$0$0$18,108,178
88$35,470,359$0$0$19,841,220
89$38,867,352$0$0$21,747,442
90$42,603,877$0$0$23,844,396
91$46,714,347$0$0$26,151,417
92$51,236,679$0$0$28,689,815
93$56,212,650$0$0$31,483,063
94$61,688,289$0$0$34,557,031
95$67,714,314$0$0$37,940,217
96$74,346,609$0$0$41,664,027
97$81,646,750$0$0$45,763,064
98$89,682,584$0$0$50,275,456
99$98,528,870$0$0$55,243,216
100$108,267,986$0$0$60,712,636