Can I retire at age 44 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$97,443$96,575$95,728$94,902$94,095$92,727
2 years$48,239$47,341$46,470$45,626$44,807$43,432
3 years$31,840$30,938$30,069$29,233$28,427$27,088
4 years$23,642$22,743$21,883$21,061$20,275$18,981
5 years$18,725$17,830$16,982$16,177$15,413$14,168
6 years$15,447$14,560$13,724$12,937$12,195$11,002
7 years$13,107$12,227$11,405$10,636$9,918$8,776
8 years$11,353$10,481$9,672$8,922$8,228$7,137
9 years$9,989$9,126$8,331$7,600$6,929$5,889
10 years$8,899$8,044$7,263$6,551$5,904$4,913
11 years$8,008$7,161$6,394$5,701$5,078$4,136
12 years$7,265$6,427$5,675$5,001$4,400$3,506
13 years$6,638$5,808$5,070$4,415$3,837$2,990
14 years$6,100$5,280$4,555$3,919$3,364$2,561
15 years$5,635$4,823$4,113$3,495$2,962$2,203
16 years$5,228$4,425$3,729$3,130$2,617$1,901
17 years$4,869$4,075$3,393$2,812$2,321$1,645
18 years$4,551$3,766$3,097$2,534$2,064$1,427
19 years$4,266$3,490$2,836$2,290$1,839$1,241
20 years$4,010$3,243$2,602$2,074$1,643$1,080
21 years$3,779$3,021$2,394$1,882$1,470$942
22 years$3,569$2,820$2,206$1,711$1,318$823
23 years$3,378$2,637$2,037$1,558$1,183$719
24 years$3,203$2,471$1,884$1,421$1,063$629
25 years$3,042$2,319$1,745$1,298$957$551
26 years$2,894$2,179$1,618$1,187$862$483
27 years$2,757$2,051$1,503$1,086$777$424
28 years$2,630$1,933$1,397$995$701$372
29 years$2,512$1,823$1,300$913$633$326
30 years$2,402$1,722$1,211$838$572$287
31 years$2,299$1,628$1,129$769$517$252
32 years$2,203$1,540$1,053$707$468$221
33 years$2,113$1,459$983$650$423$195
34 years$2,029$1,382$919$598$383$171
35 years$1,949$1,311$859$551$347$151
36 years$1,874$1,245$804$507$315$133
37 years$1,803$1,182$752$467$285$117
38 years$1,736$1,123$704$431$258$103
39 years$1,673$1,068$660$397$234$90
40 years$1,613$1,016$619$366$213$80
41 years$1,556$967$580$338$193$70
42 years$1,502$921$544$312$175$62
43 years$1,451$878$511$288$159$54
44 years$1,402$837$479$266$144$48
45 years$1,355$798$450$246$131$42
46 years$1,311$761$423$227$119$37
47 years$1,269$726$397$210$108$33
48 years$1,228$693$373$194$98$29
49 years$1,189$662$351$179$89$25
50 years$1,152$633$330$165$81$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,180,000, adding $2,556 every year, while hoping to spend $30,120 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: 74/5/21 Blend
43$1,180,000$1,180,000$1,180,000$1,180,000
44$1,302,997$1,240,457$1,222,167$1,392,658
45$1,403,855$1,269,191$1,231,062$1,481,291
46$1,513,991$1,298,325$1,239,245$1,574,495
47$1,634,320$1,327,845$1,246,662$1,675,867
48$1,765,848$1,357,737$1,253,253$1,786,215
49$1,909,684$1,387,985$1,258,956$1,906,429
50$2,067,049$1,418,574$1,263,708$2,037,490
51$2,239,286$1,449,482$1,267,441$2,180,477
52$2,427,875$1,480,689$1,270,082$2,336,581
53$2,634,447$1,512,170$1,271,558$2,507,114
54$2,860,794$1,543,901$1,271,789$2,693,520
55$3,108,895$1,575,851$1,270,693$2,897,393
56$3,380,925$1,607,991$1,268,185$3,120,486
57$3,679,283$1,640,286$1,264,172$3,364,734
58$4,006,608$1,672,698$1,258,560$3,632,268
59$4,365,809$1,705,188$1,251,249$3,925,436
60$4,760,091$1,737,711$1,242,135$4,246,825
61$5,192,982$1,770,221$1,231,109$4,599,287
62$5,668,370$1,802,666$1,218,055$4,985,966
63$6,190,537$1,834,990$1,202,853$5,410,324
64$6,764,201$1,867,133$1,185,378$5,876,179
65$7,394,559$1,899,032$1,165,497$6,387,736
66$8,087,336$1,930,617$1,143,073$6,949,632
67$8,848,841$1,961,813$1,117,962$7,566,974
68$9,686,021$1,992,541$1,090,013$8,245,393
69$10,606,534$2,022,714$1,059,067$8,991,094
70$11,618,814$2,052,240$1,024,959$9,810,915
71$12,732,155$2,081,022$987,517$10,712,392
72$13,956,795$2,108,953$946,560$11,703,829
73$15,304,017$2,135,920$901,898$12,794,381
74$16,786,249$2,161,802$853,334$13,994,134
75$18,417,188$2,186,472$800,662$15,314,205
76$20,211,923$2,209,791$743,666$16,766,845
77$22,187,080$2,231,612$682,120$18,365,558
78$24,360,980$2,251,778$615,789$20,125,223
79$26,753,809$2,270,124$544,426$22,062,239
80$29,387,808$2,286,471$467,775$24,194,681
81$32,287,486$2,300,630$385,567$26,542,465
82$35,479,848$2,312,400$297,523$29,127,543
83$38,994,651$2,321,565$203,348$31,974,106
84$42,864,684$2,327,900$102,738$35,108,815
85$47,126,076$2,331,161$0$38,561,052
86$51,818,639$2,331,092$0$42,364,234
87$56,986,244$2,327,419$0$46,577,644
88$62,677,230$2,319,852$0$51,217,643
89$68,944,867$2,308,084$0$56,327,652
90$75,847,850$2,291,788$0$61,955,520
91$83,450,863$2,270,617$0$68,153,976
92$91,825,178$2,244,205$0$74,981,123
93$101,049,337$2,212,161$0$82,500,986
94$111,209,887$2,174,075$0$90,784,123
95$122,402,199$2,129,508$0$99,908,283
96$134,731,367$2,077,997$0$109,959,142
97$148,313,201$2,019,053$0$121,031,116
98$163,275,317$1,952,157$0$133,228,245
99$179,758,346$1,876,759$0$146,665,181
100$197,917,256$1,792,279$0$161,468,266