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

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$93,314$92,483$91,672$90,881$90,108$89,615
2 years$46,195$45,335$44,501$43,693$42,908$42,411
3 years$30,491$29,627$28,795$27,994$27,223$26,737
4 years$22,640$21,779$20,955$20,168$19,416$18,944
5 years$17,931$17,075$16,262$15,491$14,759$14,304
6 years$14,793$13,943$13,142$12,388$11,679$11,240
7 years$12,552$11,709$10,921$10,185$9,498$9,076
8 years$10,872$10,037$9,262$8,544$7,879$7,474
9 years$9,566$8,739$7,978$7,278$6,636$6,247
10 years$8,522$7,703$6,955$6,273$5,654$5,282
11 years$7,668$6,858$6,123$5,460$4,862$4,507
12 years$6,957$6,155$5,434$4,789$4,214$3,875
13 years$6,356$5,562$4,855$4,228$3,674$3,351
14 years$5,842$5,056$4,362$3,753$3,221$2,913
15 years$5,396$4,619$3,938$3,347$2,836$2,543
16 years$5,006$4,238$3,571$2,997$2,506$2,228
17 years$4,663$3,903$3,249$2,693$2,222$1,958
18 years$4,358$3,606$2,966$2,427$1,976$1,725
19 years$4,085$3,342$2,715$2,193$1,761$1,524
20 years$3,841$3,106$2,492$1,986$1,573$1,348
21 years$3,619$2,893$2,292$1,802$1,408$1,195
22 years$3,418$2,700$2,113$1,639$1,262$1,061
23 years$3,235$2,526$1,951$1,492$1,133$944
24 years$3,067$2,366$1,804$1,361$1,018$840
25 years$2,913$2,221$1,671$1,243$916$748
26 years$2,771$2,087$1,550$1,137$825$667
27 years$2,640$1,964$1,439$1,040$744$596
28 years$2,519$1,851$1,338$953$671$532
29 years$2,405$1,746$1,245$874$606$475
30 years$2,300$1,649$1,160$802$548$425
31 years$2,202$1,559$1,081$737$495$380
32 years$2,110$1,475$1,009$677$448$340
33 years$2,024$1,397$942$623$405$305
34 years$1,943$1,324$880$573$367$273
35 years$1,866$1,256$823$527$332$245
36 years$1,795$1,192$770$486$301$219
37 years$1,727$1,132$720$448$273$197
38 years$1,663$1,076$675$413$248$176
39 years$1,602$1,023$632$380$224$158
40 years$1,545$973$592$351$204$142
41 years$1,490$926$555$324$185$127
42 years$1,439$882$521$299$168$114
43 years$1,389$841$489$276$152$102
44 years$1,343$801$459$255$138$92
45 years$1,298$764$431$235$125$83
46 years$1,255$729$405$217$114$74
47 years$1,215$696$380$201$103$67
48 years$1,176$664$357$185$94$60
49 years$1,139$634$336$171$85$54
50 years$1,103$606$316$158$77$48

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 $2,188 every year, while hoping to spend $38,740 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: 69/21/10 Blend
43$1,130,000$1,130,000$1,130,000$1,130,000
44$1,247,517$1,187,627$1,170,112$1,330,951
45$1,333,545$1,204,602$1,168,092$1,403,548
46$1,427,049$1,221,110$1,164,705$1,478,042
47$1,528,751$1,237,087$1,159,866$1,558,507
48$1,639,445$1,252,466$1,153,483$1,645,521
49$1,760,005$1,267,174$1,145,462$1,739,723
50$1,891,393$1,281,132$1,135,702$1,841,817
51$2,034,666$1,294,258$1,124,098$1,952,578
52$2,190,988$1,306,464$1,110,542$2,072,862
53$2,361,642$1,317,654$1,094,919$2,203,610
54$2,548,039$1,327,728$1,077,108$2,345,861
55$2,751,732$1,336,580$1,056,984$2,500,759
56$2,974,432$1,344,095$1,034,416$2,669,567
57$3,218,020$1,350,152$1,009,265$2,853,675
58$3,484,570$1,354,622$981,388$3,054,616
59$3,776,365$1,357,367$950,633$3,274,081
60$4,095,920$1,358,243$916,844$3,513,933
61$4,446,001$1,357,094$879,856$3,776,226
62$4,829,658$1,353,757$839,496$4,063,224
63$5,250,247$1,348,056$795,584$4,377,422
64$5,711,468$1,339,806$747,932$4,721,574
65$6,217,393$1,328,812$696,343$5,098,712
66$6,772,508$1,314,865$640,611$5,512,181
67$7,381,755$1,297,743$580,522$5,965,667
68$8,050,576$1,277,215$515,851$6,463,235
69$8,784,966$1,253,030$446,364$7,009,365
70$9,591,532$1,224,927$371,816$7,608,995
71$10,477,547$1,192,628$291,951$8,267,571
72$11,451,029$1,155,838$206,503$8,991,096
73$12,520,805$1,114,246$115,193$9,786,185
74$13,696,605$1,067,522$17,729$10,660,134
75$14,989,144$1,015,316$0$11,620,983
76$16,410,231$957,260$0$12,686,802
77$17,972,872$892,964$0$13,860,774
78$19,691,400$822,014$0$15,151,811
79$21,581,604$743,975$0$16,571,823
80$23,660,883$658,384$0$18,133,938
81$25,948,403$564,755$0$19,852,623
82$28,465,285$462,573$0$21,743,823
83$31,234,798$351,293$0$23,825,113
84$34,282,582$230,341$0$26,115,861
85$37,636,889$99,111$0$28,637,416
86$41,328,845$0$0$31,413,304
87$45,392,750$0$0$34,479,404
88$49,866,396$0$0$37,879,931
89$54,791,428$0$0$41,623,646
90$60,213,731$0$0$45,745,438
91$66,183,866$0$0$50,283,753
92$72,757,547$0$0$55,280,954
93$79,996,166$0$0$60,783,718
94$87,967,371$0$0$66,843,484
95$96,745,704$0$0$73,516,931
96$106,413,305$0$0$80,866,515
97$117,060,687$0$0$88,961,058
98$128,787,589$0$0$97,876,399
99$141,703,916$0$0$107,696,106
100$155,930,778$0$0$118,512,266