Can I retire at age 44 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$95,792$94,938$94,106$93,293$92,500$91,802
2 years$47,422$46,538$45,683$44,853$44,048$43,344
3 years$31,300$30,413$29,560$28,738$27,946$27,258
4 years$23,241$22,357$21,512$20,704$19,931$19,264
5 years$18,407$17,528$16,694$15,902$15,151$14,508
6 years$15,185$14,313$13,491$12,717$11,989$11,370
7 years$12,885$12,020$11,211$10,456$9,750$9,155
8 years$11,161$10,303$9,508$8,771$8,089$7,518
9 years$9,820$8,971$8,189$7,471$6,812$6,266
10 years$8,748$7,908$7,140$6,440$5,804$5,282
11 years$7,872$7,040$6,286$5,605$4,992$4,493
12 years$7,142$6,318$5,578$4,916$4,326$3,850
13 years$6,525$5,710$4,984$4,340$3,772$3,320
14 years$5,997$5,190$4,478$3,853$3,307$2,876
15 years$5,539$4,741$4,043$3,436$2,911$2,502
16 years$5,139$4,350$3,666$3,077$2,573$2,185
17 years$4,787$4,006$3,336$2,764$2,281$1,914
18 years$4,474$3,702$3,045$2,491$2,029$1,680
19 years$4,194$3,431$2,788$2,251$1,808$1,479
20 years$3,942$3,188$2,558$2,039$1,615$1,304
21 years$3,715$2,970$2,353$1,850$1,445$1,152
22 years$3,509$2,772$2,169$1,682$1,295$1,019
23 years$3,321$2,593$2,002$1,532$1,163$902
24 years$3,149$2,429$1,852$1,397$1,045$800
25 years$2,991$2,280$1,715$1,276$941$710
26 years$2,845$2,143$1,591$1,167$847$631
27 years$2,710$2,016$1,477$1,068$764$561
28 years$2,585$1,900$1,373$979$689$499
29 years$2,469$1,792$1,278$897$622$444
30 years$2,361$1,693$1,190$824$562$395
31 years$2,260$1,600$1,110$756$508$352
32 years$2,166$1,514$1,035$695$460$314
33 years$2,077$1,434$967$639$416$280
34 years$1,994$1,359$903$588$377$250
35 years$1,916$1,289$844$541$341$223
36 years$1,842$1,223$790$499$309$199
37 years$1,773$1,162$739$459$280$178
38 years$1,707$1,104$692$423$254$159
39 years$1,645$1,050$649$390$230$142
40 years$1,586$999$608$360$209$127
41 years$1,530$951$570$332$190$113
42 years$1,477$906$535$307$172$101
43 years$1,426$863$502$283$156$90
44 years$1,378$823$471$261$142$81
45 years$1,332$784$442$241$129$72
46 years$1,289$748$415$223$117$64
47 years$1,247$714$390$206$106$58
48 years$1,207$682$367$190$96$51
49 years$1,169$651$345$176$87$46
50 years$1,133$622$324$163$79$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,160,000, adding $6,457 every year, while hoping to spend $31,334 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: 44/31/25 Blend
43$1,160,000$1,160,000$1,160,000$1,160,000
44$1,284,980$1,223,500$1,205,520$1,331,952
45$1,382,709$1,250,113$1,212,566$1,392,551
46$1,489,356$1,276,979$1,218,798$1,454,681
47$1,605,798$1,304,078$1,224,155$1,521,412
48$1,732,999$1,331,388$1,228,574$1,593,188
49$1,872,023$1,358,884$1,231,989$1,670,500
50$2,024,038$1,386,538$1,234,329$1,753,888
51$2,190,332$1,414,320$1,235,521$1,843,947
52$2,372,323$1,442,199$1,235,489$1,941,335
53$2,571,572$1,470,139$1,234,150$2,046,777
54$2,789,799$1,498,103$1,231,420$2,161,071
55$3,028,897$1,526,048$1,227,211$2,285,099
56$3,290,951$1,553,930$1,221,429$2,419,835
57$3,578,257$1,581,702$1,213,976$2,566,350
58$3,893,344$1,609,311$1,204,749$2,725,829
59$4,238,999$1,636,700$1,193,642$2,899,574
60$4,618,289$1,663,811$1,180,541$3,089,027
61$5,034,595$1,690,578$1,165,330$3,295,774
62$5,491,639$1,716,932$1,147,884$3,521,565
63$5,993,522$1,742,797$1,128,074$3,768,333
64$6,544,762$1,768,095$1,105,765$4,038,206
65$7,150,335$1,792,739$1,080,815$4,333,534
66$7,815,724$1,816,638$1,053,077$4,656,906
67$8,546,968$1,839,694$1,022,396$5,011,180
68$9,350,722$1,861,802$988,609$5,399,506
69$10,234,315$1,882,850$951,547$5,825,358
70$11,205,824$1,902,718$911,033$6,292,568
71$12,274,146$1,921,280$866,881$6,805,360
72$13,449,086$1,938,399$818,898$7,368,395
73$14,741,443$1,953,931$766,881$7,986,810
74$16,163,117$1,967,721$710,619$8,666,271
75$17,727,221$1,979,606$649,891$9,413,025
76$19,448,201$1,989,409$584,466$10,233,959
77$21,341,974$1,996,947$514,102$11,136,671
78$23,426,079$2,002,021$438,547$12,129,534
79$25,719,840$2,004,420$357,540$13,221,783
80$28,244,550$2,003,923$270,803$14,423,598
81$31,023,671$2,000,292$178,052$15,746,206
82$34,083,054$1,993,276$78,986$17,201,982
83$37,451,187$1,982,608$0$18,804,571
84$41,159,456$1,968,004$0$20,576,147
85$45,242,449$1,949,164$0$22,549,114
86$49,738,275$1,925,770$0$24,720,753
87$54,688,931$1,897,484$0$27,111,317
88$60,140,690$1,863,949$0$29,743,127
89$66,144,544$1,824,786$0$32,640,783
90$72,756,679$1,779,592$0$35,831,398
91$80,039,013$1,727,945$0$39,344,855
92$88,059,771$1,669,392$0$43,214,089
93$96,894,134$1,603,460$0$47,475,398
94$106,624,949$1,529,643$0$52,168,787
95$117,343,508$1,447,408$0$57,338,348
96$129,150,407$1,356,193$0$63,032,675
97$142,156,503$1,255,401$0$69,305,324
98$156,483,953$1,144,402$0$76,215,322
99$172,267,368$1,022,530$0$83,827,720
100$189,655,086$889,081$0$92,214,216