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%14.8%
1 years$97,443$96,575$95,728$94,902$94,095$92,233
2 years$48,239$47,341$46,470$45,626$44,807$42,939
3 years$31,840$30,938$30,069$29,233$28,427$26,611
4 years$23,642$22,743$21,883$21,061$20,275$18,525
5 years$18,725$17,830$16,982$16,177$15,413$13,734
6 years$15,447$14,560$13,724$12,937$12,195$10,590
7 years$13,107$12,227$11,405$10,636$9,918$8,386
8 years$11,353$10,481$9,672$8,922$8,228$6,769
9 years$9,989$9,126$8,331$7,600$6,929$5,542
10 years$8,899$8,044$7,263$6,551$5,904$4,587
11 years$8,008$7,161$6,394$5,701$5,078$3,830
12 years$7,265$6,427$5,675$5,001$4,400$3,220
13 years$6,638$5,808$5,070$4,415$3,837$2,722
14 years$6,100$5,280$4,555$3,919$3,364$2,312
15 years$5,635$4,823$4,113$3,495$2,962$1,971
16 years$5,228$4,425$3,729$3,130$2,617$1,685
17 years$4,869$4,075$3,393$2,812$2,321$1,445
18 years$4,551$3,766$3,097$2,534$2,064$1,242
19 years$4,266$3,490$2,836$2,290$1,839$1,069
20 years$4,010$3,243$2,602$2,074$1,643$922
21 years$3,779$3,021$2,394$1,882$1,470$796
22 years$3,569$2,820$2,206$1,711$1,318$688
23 years$3,378$2,637$2,037$1,558$1,183$596
24 years$3,203$2,471$1,884$1,421$1,063$516
25 years$3,042$2,319$1,745$1,298$957$447
26 years$2,894$2,179$1,618$1,187$862$388
27 years$2,757$2,051$1,503$1,086$777$337
28 years$2,630$1,933$1,397$995$701$292
29 years$2,512$1,823$1,300$913$633$254
30 years$2,402$1,722$1,211$838$572$221
31 years$2,299$1,628$1,129$769$517$192
32 years$2,203$1,540$1,053$707$468$167
33 years$2,113$1,459$983$650$423$145
34 years$2,029$1,382$919$598$383$126
35 years$1,949$1,311$859$551$347$110
36 years$1,874$1,245$804$507$315$96
37 years$1,803$1,182$752$467$285$83
38 years$1,736$1,123$704$431$258$72
39 years$1,673$1,068$660$397$234$63
40 years$1,613$1,016$619$366$213$55
41 years$1,556$967$580$338$193$48
42 years$1,502$921$544$312$175$42
43 years$1,451$878$511$288$159$36
44 years$1,402$837$479$266$144$32
45 years$1,355$798$450$246$131$27
46 years$1,311$761$423$227$119$24
47 years$1,269$726$397$210$108$21
48 years$1,228$693$373$194$98$18
49 years$1,189$662$351$179$89$16
50 years$1,152$633$330$165$81$14

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 $6,629 every year, while hoping to spend $37,365 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: 46/36/18 Blend
43$1,180,000$1,180,000$1,180,000$1,180,000
44$1,307,198$1,244,658$1,226,368$1,360,336
45$1,400,776$1,265,890$1,227,695$1,419,327
46$1,502,647$1,286,910$1,227,814$1,479,016
47$1,613,616$1,307,669$1,226,646$1,542,981
48$1,734,573$1,328,112$1,224,106$1,611,638
49$1,866,492$1,348,182$1,220,107$1,685,443
50$2,010,450$1,367,818$1,214,555$1,764,901
51$2,167,628$1,386,954$1,207,356$1,850,568
52$2,339,331$1,405,520$1,198,407$1,943,060
53$2,526,991$1,423,439$1,187,602$2,043,056
54$2,732,188$1,440,630$1,174,830$2,151,304
55$2,956,659$1,457,009$1,159,975$2,268,631
56$3,202,318$1,472,483$1,142,914$2,395,951
57$3,471,273$1,486,954$1,123,521$2,534,271
58$3,765,845$1,500,316$1,101,660$2,684,703
59$4,088,589$1,512,459$1,077,194$2,848,475
60$4,442,320$1,523,264$1,049,974$3,026,942
61$4,830,136$1,532,604$1,019,849$3,221,597
62$5,255,454$1,540,345$986,657$3,434,093
63$5,722,032$1,546,344$950,232$3,666,250
64$6,234,012$1,550,448$910,397$3,920,077
65$6,795,957$1,552,495$866,971$4,197,792
66$7,412,891$1,552,315$819,762$4,501,842
67$8,090,351$1,549,723$768,569$4,834,927
68$8,834,434$1,544,527$713,183$5,200,027
69$9,651,858$1,536,520$653,386$5,600,428
70$10,550,023$1,525,485$588,950$6,039,758
71$11,537,082$1,511,190$519,636$6,522,017
72$12,622,015$1,493,390$445,195$7,051,619
73$13,814,719$1,471,824$365,368$7,633,434
74$15,126,094$1,446,217$279,881$8,272,834
75$16,568,151$1,416,277$188,453$8,975,744
76$18,154,123$1,381,695$90,786$9,748,700
77$19,898,588$1,342,143$0$10,598,912
78$21,817,610$1,297,274$0$11,536,914
79$23,928,887$1,246,721$0$12,587,669
80$26,251,920$1,190,097$0$13,743,463
81$28,808,195$1,126,990$0$15,015,030
82$31,621,384$1,056,966$0$16,414,206
83$34,717,574$979,566$0$17,954,042
84$38,125,505$894,304$0$19,648,922
85$41,876,848$800,666$0$21,514,707
86$46,006,497$698,110$0$23,568,880
87$50,552,905$586,062$0$25,830,715
88$55,558,439$463,917$0$28,321,462
89$61,069,785$331,034$0$31,064,543
90$67,138,387$186,739$0$34,085,781
91$73,820,930$30,316$0$37,413,641
92$81,179,877$0$0$41,079,501
93$89,284,057$0$0$45,173,009
94$98,209,313$0$0$49,694,664
95$108,039,222$0$0$54,674,819
96$118,865,877$0$0$60,160,156
97$130,790,761$0$0$66,202,115
98$143,925,700$0$0$72,857,380
99$158,393,923$0$0$80,188,417
100$174,331,221$0$0$88,264,056