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

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$95,792$94,938$94,106$93,293$92,500$89,863
2 years$47,422$46,538$45,683$44,853$44,048$41,412
3 years$31,300$30,413$29,560$28,738$27,946$25,393
4 years$23,241$22,357$21,512$20,704$19,931$17,481
5 years$18,407$17,528$16,694$15,902$15,151$12,811
6 years$15,185$14,313$13,491$12,717$11,989$9,760
7 years$12,885$12,020$11,211$10,456$9,750$7,634
8 years$11,161$10,303$9,508$8,771$8,089$6,083
9 years$9,820$8,971$8,189$7,471$6,812$4,915
10 years$8,748$7,908$7,140$6,440$5,804$4,013
11 years$7,872$7,040$6,286$5,605$4,992$3,304
12 years$7,142$6,318$5,578$4,916$4,326$2,738
13 years$6,525$5,710$4,984$4,340$3,772$2,281
14 years$5,997$5,190$4,478$3,853$3,307$1,908
15 years$5,539$4,741$4,043$3,436$2,911$1,602
16 years$5,139$4,350$3,666$3,077$2,573$1,348
17 years$4,787$4,006$3,336$2,764$2,281$1,138
18 years$4,474$3,702$3,045$2,491$2,029$962
19 years$4,194$3,431$2,788$2,251$1,808$815
20 years$3,942$3,188$2,558$2,039$1,615$691
21 years$3,715$2,970$2,353$1,850$1,445$587
22 years$3,509$2,772$2,169$1,682$1,295$499
23 years$3,321$2,593$2,002$1,532$1,163$424
24 years$3,149$2,429$1,852$1,397$1,045$361
25 years$2,991$2,280$1,715$1,276$941$308
26 years$2,845$2,143$1,591$1,167$847$262
27 years$2,710$2,016$1,477$1,068$764$224
28 years$2,585$1,900$1,373$979$689$191
29 years$2,469$1,792$1,278$897$622$163
30 years$2,361$1,693$1,190$824$562$139
31 years$2,260$1,600$1,110$756$508$118
32 years$2,166$1,514$1,035$695$460$101
33 years$2,077$1,434$967$639$416$86
34 years$1,994$1,359$903$588$377$74
35 years$1,916$1,289$844$541$341$63
36 years$1,842$1,223$790$499$309$54
37 years$1,773$1,162$739$459$280$46
38 years$1,707$1,104$692$423$254$39
39 years$1,645$1,050$649$390$230$34
40 years$1,586$999$608$360$209$29
41 years$1,530$951$570$332$190$24
42 years$1,477$906$535$307$172$21
43 years$1,426$863$502$283$156$18
44 years$1,378$823$471$261$142$15
45 years$1,332$784$442$241$129$13
46 years$1,289$748$415$223$117$11
47 years$1,247$714$390$206$106$10
48 years$1,207$682$367$190$96$8
49 years$1,169$651$345$176$87$7
50 years$1,133$622$324$163$79$6

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 $3,194 every year, while hoping to spend $47,132 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: 86/7/7 Blend
43$1,160,000$1,160,000$1,160,000$1,160,000
44$1,281,615$1,220,135$1,202,155$1,390,868
45$1,362,191$1,229,773$1,192,279$1,472,222
46$1,449,407$1,238,304$1,180,492$1,554,800
47$1,543,889$1,245,624$1,166,682$1,644,033
48$1,646,328$1,251,622$1,150,728$1,740,560
49$1,757,482$1,256,179$1,132,505$1,845,081
50$1,878,185$1,259,172$1,111,884$1,958,369
51$2,009,356$1,260,467$1,088,728$2,081,274
52$2,152,002$1,259,923$1,062,893$2,214,732
53$2,307,237$1,257,389$1,034,230$2,359,775
54$2,476,280$1,252,707$1,002,582$2,517,537
55$2,660,478$1,245,707$967,786$2,689,269
56$2,861,310$1,236,209$929,670$2,876,348
57$3,080,405$1,224,025$888,055$3,080,291
58$3,319,556$1,208,951$842,754$3,302,769
59$3,580,736$1,190,775$793,572$3,545,622
60$3,866,118$1,169,270$740,303$3,810,880
61$4,178,093$1,144,196$682,735$4,100,774
62$4,519,295$1,115,298$620,643$4,417,767
63$4,892,623$1,082,308$553,795$4,764,569
64$5,301,271$1,044,941$481,947$5,144,169
65$5,748,753$1,002,895$404,844$5,559,857
66$6,238,940$955,852$322,221$6,015,260
67$6,776,097$903,473$233,801$6,514,375
68$7,364,919$845,403$139,293$7,061,604
69$8,010,576$781,264$38,395$7,661,799
70$8,718,766$710,656$0$8,320,306
71$9,495,761$633,159$0$9,048,191
72$10,348,471$548,327$0$9,850,167
73$11,284,508$455,688$0$10,730,543
74$12,312,256$354,745$0$11,697,228
75$13,440,952$244,974$0$12,758,937
76$14,680,770$125,817$0$13,925,272
77$16,042,917$0$0$15,206,812
78$17,539,741$0$0$16,615,468
79$19,184,846$0$0$18,174,337
80$20,993,217$0$0$19,887,929
81$22,981,365$0$0$21,771,892
82$25,167,479$0$0$23,843,464
83$27,571,600$0$0$26,121,638
84$30,215,809$0$0$28,627,338
85$33,124,432$0$0$31,383,621
86$36,324,272$0$0$34,415,889
87$39,844,862$0$0$37,752,128
88$43,718,741$0$0$41,423,177
89$47,981,762$0$0$45,463,013
90$52,673,427$0$0$49,909,075
91$57,837,265$0$0$54,802,614
92$63,521,235$0$0$60,189,082
93$69,778,184$0$0$66,118,563
94$76,666,342$0$0$72,646,242
95$84,249,871$0$0$79,832,927
96$92,599,473$0$0$87,745,622
97$101,793,052$0$0$96,458,159
98$111,916,451$0$0$106,051,893
99$123,064,263$0$0$116,616,470
100$135,340,721$0$0$128,250,674