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

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$97,443$96,575$95,728$94,902$94,095$93,463
2 years$48,239$47,341$46,470$45,626$44,807$44,170
3 years$31,840$30,938$30,069$29,233$28,427$27,804
4 years$23,642$22,743$21,883$21,061$20,275$19,671
5 years$18,725$17,830$16,982$16,177$15,413$14,829
6 years$15,447$14,560$13,724$12,937$12,195$11,634
7 years$13,107$12,227$11,405$10,636$9,918$9,379
8 years$11,353$10,481$9,672$8,922$8,228$7,710
9 years$9,989$9,126$8,331$7,600$6,929$6,433
10 years$8,899$8,044$7,263$6,551$5,904$5,430
11 years$8,008$7,161$6,394$5,701$5,078$4,625
12 years$7,265$6,427$5,675$5,001$4,400$3,968
13 years$6,638$5,808$5,070$4,415$3,837$3,425
14 years$6,100$5,280$4,555$3,919$3,364$2,972
15 years$5,635$4,823$4,113$3,495$2,962$2,589
16 years$5,228$4,425$3,729$3,130$2,617$2,264
17 years$4,869$4,075$3,393$2,812$2,321$1,985
18 years$4,551$3,766$3,097$2,534$2,064$1,746
19 years$4,266$3,490$2,836$2,290$1,839$1,539
20 years$4,010$3,243$2,602$2,074$1,643$1,359
21 years$3,779$3,021$2,394$1,882$1,470$1,202
22 years$3,569$2,820$2,206$1,711$1,318$1,065
23 years$3,378$2,637$2,037$1,558$1,183$944
24 years$3,203$2,471$1,884$1,421$1,063$839
25 years$3,042$2,319$1,745$1,298$957$745
26 years$2,894$2,179$1,618$1,187$862$663
27 years$2,757$2,051$1,503$1,086$777$590
28 years$2,630$1,933$1,397$995$701$526
29 years$2,512$1,823$1,300$913$633$469
30 years$2,402$1,722$1,211$838$572$418
31 years$2,299$1,628$1,129$769$517$373
32 years$2,203$1,540$1,053$707$468$333
33 years$2,113$1,459$983$650$423$298
34 years$2,029$1,382$919$598$383$266
35 years$1,949$1,311$859$551$347$238
36 years$1,874$1,245$804$507$315$213
37 years$1,803$1,182$752$467$285$190
38 years$1,736$1,123$704$431$258$170
39 years$1,673$1,068$660$397$234$152
40 years$1,613$1,016$619$366$213$136
41 years$1,556$967$580$338$193$122
42 years$1,502$921$544$312$175$109
43 years$1,451$878$511$288$159$98
44 years$1,402$837$479$266$144$87
45 years$1,355$798$450$246$131$78
46 years$1,311$761$423$227$119$70
47 years$1,269$726$397$210$108$63
48 years$1,228$693$373$194$98$56
49 years$1,189$662$351$179$89$50
50 years$1,152$633$330$165$81$45

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 $2,795 every year, while hoping to spend $37,704 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: 49/30/21 Blend
43$1,180,000$1,180,000$1,180,000$1,180,000
44$1,303,243$1,240,703$1,222,413$1,359,274
45$1,396,057$1,261,381$1,223,247$1,419,164
46$1,497,074$1,281,808$1,222,845$1,480,143
47$1,607,092$1,301,933$1,221,127$1,545,604
48$1,726,987$1,321,699$1,218,006$1,615,985
49$1,857,724$1,341,047$1,213,394$1,691,767
50$2,000,366$1,359,912$1,207,197$1,773,486
51$2,156,082$1,378,226$1,199,316$1,861,728
52$2,326,159$1,395,915$1,189,650$1,957,144
53$2,512,013$1,412,902$1,178,089$2,060,451
54$2,715,205$1,429,100$1,164,522$2,172,440
55$2,937,452$1,444,422$1,148,829$2,293,984
56$3,180,645$1,458,772$1,130,888$2,426,049
57$3,446,866$1,472,047$1,110,568$2,569,699
58$3,738,409$1,484,140$1,087,734$2,726,107
59$4,057,797$1,494,933$1,062,244$2,896,570
60$4,407,813$1,504,305$1,033,949$3,082,520
61$4,791,518$1,512,124$1,002,695$3,285,534
62$5,212,285$1,518,250$968,317$3,507,356
63$5,673,829$1,522,536$930,647$3,749,907
64$6,180,242$1,524,823$889,507$4,015,309
65$6,736,032$1,524,944$844,710$4,305,904
66$7,346,162$1,522,722$796,063$4,624,273
67$8,016,102$1,517,966$743,362$4,973,266
68$8,751,876$1,510,478$686,396$5,356,029
69$9,560,120$1,500,044$624,943$5,776,028
70$10,448,144$1,486,438$558,771$6,237,091
71$11,424,003$1,469,422$487,638$6,743,438
72$12,496,569$1,448,742$411,292$7,299,728
73$13,675,618$1,424,129$329,469$7,911,096
74$14,971,918$1,395,298$241,893$8,583,208
75$16,397,335$1,361,948$148,277$9,322,314
76$17,964,940$1,323,761$48,321$10,135,307
77$19,689,135$1,280,396$0$11,029,791
78$21,585,789$1,231,498$0$12,027,224
79$23,672,385$1,176,687$0$13,136,184
80$25,968,187$1,115,564$0$14,356,108
81$28,494,419$1,047,703$0$15,698,323
82$31,274,467$972,658$0$17,175,316
83$34,334,099$889,954$0$18,800,851
84$37,701,707$799,092$0$20,590,101
85$41,408,575$699,541$0$22,559,791
86$45,489,175$590,744$0$24,728,360
87$49,981,488$472,108$0$27,116,130
88$54,927,369$343,010$0$29,745,504
89$60,372,935$202,792$0$32,641,177
90$66,369,002$50,756$0$35,830,369
91$72,971,565$0$0$39,343,084
92$80,242,327$0$0$43,249,973
93$88,249,278$0$0$47,571,069
94$97,067,339$0$0$52,330,070
95$106,779,066$0$0$57,571,551
96$117,475,431$0$0$63,344,633
97$129,256,679$0$0$69,703,445
98$142,233,276$0$0$76,707,631
99$156,526,947$0$0$84,422,920
100$172,271,827$0$0$92,921,737