Can I retire at age 44 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$94,140$93,302$92,483$91,685$90,905$89,844
2 years$46,604$45,736$44,895$44,079$43,288$42,220
3 years$30,761$29,889$29,050$28,242$27,464$26,422
4 years$22,841$21,972$21,141$20,347$19,587$18,580
5 years$18,090$17,226$16,406$15,628$14,890$13,919
6 years$14,924$14,066$13,259$12,498$11,782$10,850
7 years$12,663$11,813$11,018$10,275$9,582$8,688
8 years$10,968$10,126$9,344$8,620$7,949$7,094
9 years$9,651$8,816$8,048$7,342$6,694$5,878
10 years$8,597$7,771$7,017$6,329$5,704$4,925
11 years$7,736$6,918$6,177$5,508$4,906$4,164
12 years$7,019$6,209$5,482$4,831$4,251$3,546
13 years$6,413$5,612$4,898$4,265$3,707$3,037
14 years$5,893$5,101$4,401$3,786$3,250$2,614
15 years$5,444$4,660$3,973$3,377$2,861$2,259
16 years$5,051$4,275$3,602$3,023$2,529$1,959
17 years$4,704$3,937$3,278$2,717$2,242$1,704
18 years$4,397$3,638$2,992$2,448$1,994$1,486
19 years$4,122$3,372$2,739$2,212$1,777$1,298
20 years$3,874$3,133$2,514$2,004$1,587$1,136
21 years$3,651$2,918$2,313$1,818$1,420$996
22 years$3,448$2,724$2,131$1,653$1,273$874
23 years$3,264$2,548$1,968$1,506$1,143$769
24 years$3,094$2,387$1,820$1,373$1,027$676
25 years$2,939$2,240$1,686$1,254$924$596
26 years$2,796$2,106$1,563$1,147$833$525
27 years$2,664$1,982$1,452$1,050$751$463
28 years$2,541$1,867$1,350$962$677$409
29 years$2,427$1,762$1,256$882$612$361
30 years$2,321$1,664$1,170$809$553$319
31 years$2,221$1,573$1,091$743$500$282
32 years$2,129$1,488$1,018$683$452$249
33 years$2,042$1,409$950$628$409$220
34 years$1,960$1,336$888$578$370$195
35 years$1,883$1,267$830$532$335$172
36 years$1,811$1,202$776$490$304$153
37 years$1,742$1,142$727$451$275$135
38 years$1,678$1,085$681$416$250$120
39 years$1,616$1,032$638$384$226$106
40 years$1,559$982$598$354$205$94
41 years$1,504$935$560$327$186$83
42 years$1,451$890$526$301$169$74
43 years$1,402$848$493$278$153$65
44 years$1,354$808$463$257$139$58
45 years$1,309$771$435$237$126$51
46 years$1,267$735$408$219$115$45
47 years$1,226$702$384$202$104$40
48 years$1,186$670$360$187$95$36
49 years$1,149$640$339$173$86$32
50 years$1,113$611$319$160$78$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,140,000, adding $5,215 every year, while hoping to spend $54,306 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: 74/10/16 Blend
43$1,140,000$1,140,000$1,140,000$1,140,000
44$1,261,659$1,201,239$1,183,569$1,350,122
45$1,332,567$1,202,319$1,165,438$1,410,476
46$1,408,888$1,201,631$1,144,879$1,469,398
47$1,491,116$1,199,032$1,121,753$1,532,518
48$1,579,794$1,194,370$1,095,917$1,600,238
49$1,675,520$1,187,481$1,067,217$1,673,004
50$1,778,950$1,178,194$1,035,495$1,751,306
51$1,890,804$1,166,327$1,000,586$1,835,685
52$2,011,875$1,151,686$962,314$1,926,740
53$2,143,034$1,134,066$920,499$2,025,128
54$2,285,238$1,113,250$874,951$2,131,577
55$2,439,541$1,089,008$825,470$2,246,889
56$2,607,101$1,061,096$771,850$2,371,949
57$2,789,192$1,029,256$713,874$2,507,733
58$2,987,215$993,215$651,314$2,655,318
59$3,202,713$952,685$583,935$2,815,893
60$3,437,382$907,359$511,489$2,990,767
61$3,693,089$856,913$433,718$3,181,387
62$3,971,889$801,006$350,352$3,389,349
63$4,276,042$739,276$261,110$3,616,412
64$4,608,038$671,341$165,697$3,864,517
65$4,970,617$596,795$63,806$4,135,805
66$5,366,794$515,212$0$4,432,639
67$5,799,890$426,141$0$4,765,295
68$6,273,561$329,104$0$5,141,098
69$6,791,833$223,599$0$5,552,375
70$7,359,136$109,092$0$6,002,683
71$7,980,353$0$0$6,495,943
72$8,660,856$0$0$7,038,123
73$9,406,567$0$0$7,645,459
74$10,224,002$0$0$8,311,261
75$11,120,341$0$0$9,041,382
76$12,103,493$0$0$9,842,271
77$13,182,165$0$0$10,721,028
78$14,365,951$0$0$11,685,476
79$15,665,419$0$0$12,744,231
80$17,092,208$0$0$13,906,785
81$18,659,140$0$0$15,183,592
82$20,380,340$0$0$16,586,171
83$22,271,368$0$0$18,127,209
84$24,349,367$0$0$19,820,684
85$26,633,221$0$0$21,681,995
86$29,143,735$0$0$23,728,108
87$31,903,830$0$0$25,977,712
88$34,938,758$0$0$28,451,400
89$38,276,343$0$0$31,171,859
90$41,947,237$0$0$34,164,086
91$45,985,213$0$0$37,455,619
92$50,427,483$0$0$41,076,802
93$55,315,045$0$0$45,061,069
94$60,693,074$0$0$49,445,255
95$66,611,342$0$0$54,269,949
96$73,124,692$0$0$59,579,872
97$80,293,551$0$0$65,424,301
98$88,184,504$0$0$71,857,530
99$96,870,916$0$0$78,939,388
100$106,433,628$0$0$86,735,795