Can I retire at age 44 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$98,269$97,394$96,540$95,706$94,892$94,492
2 years$48,648$47,742$46,864$46,013$45,187$44,783
3 years$32,110$31,200$30,324$29,481$28,668$28,273
4 years$23,842$22,935$22,068$21,239$20,447$20,063
5 years$18,883$17,982$17,126$16,314$15,543$15,173
6 years$15,578$14,683$13,840$13,046$12,299$11,942
7 years$13,218$12,331$11,501$10,726$10,002$9,659
8 years$11,449$10,570$9,754$8,998$8,298$7,968
9 years$10,074$9,203$8,401$7,664$6,988$6,671
10 years$8,975$8,112$7,324$6,607$5,954$5,651
11 years$8,076$7,222$6,448$5,750$5,121$4,831
12 years$7,327$6,482$5,723$5,043$4,437$4,160
13 years$6,694$5,858$5,113$4,452$3,870$3,605
14 years$6,152$5,324$4,594$3,952$3,392$3,140
15 years$5,682$4,864$4,148$3,525$2,987$2,746
16 years$5,272$4,463$3,760$3,156$2,640$2,411
17 years$4,910$4,110$3,422$2,836$2,340$2,123
18 years$4,589$3,798$3,124$2,556$2,081$1,875
19 years$4,302$3,520$2,860$2,309$1,855$1,660
20 years$4,044$3,271$2,624$2,091$1,657$1,472
21 years$3,811$3,046$2,414$1,898$1,483$1,308
22 years$3,600$2,844$2,225$1,726$1,329$1,163
23 years$3,407$2,660$2,054$1,572$1,193$1,037
24 years$3,230$2,492$1,900$1,433$1,072$925
25 years$3,068$2,339$1,760$1,309$965$826
26 years$2,919$2,198$1,632$1,197$869$738
27 years$2,780$2,069$1,515$1,096$784$660
28 years$2,652$1,949$1,409$1,004$707$591
29 years$2,533$1,839$1,311$921$638$530
30 years$2,422$1,737$1,221$845$577$475
31 years$2,319$1,642$1,138$776$522$426
32 years$2,222$1,553$1,062$713$472$382
33 years$2,131$1,471$992$656$427$343
34 years$2,046$1,394$927$603$387$308
35 years$1,966$1,322$866$555$350$277
36 years$1,890$1,255$810$512$317$249
37 years$1,819$1,192$759$471$288$223
38 years$1,751$1,133$710$434$261$201
39 years$1,687$1,077$666$401$236$181
40 years$1,627$1,025$624$369$214$162
41 years$1,570$976$585$341$195$146
42 years$1,515$929$549$315$176$131
43 years$1,463$885$515$290$160$118
44 years$1,414$844$483$268$145$106
45 years$1,367$805$454$248$132$96
46 years$1,322$768$426$229$120$86
47 years$1,279$733$400$211$109$78
48 years$1,238$699$376$195$99$70
49 years$1,199$668$354$180$90$63
50 years$1,162$638$333$167$82$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,190,000, adding $3,007 every year, while hoping to spend $37,702 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: 39/36/25 Blend
43$1,190,000$1,190,000$1,190,000$1,190,000
44$1,314,482$1,251,412$1,232,967$1,355,885
45$1,408,444$1,272,616$1,234,156$1,407,426
46$1,510,727$1,293,596$1,234,122$1,459,383
47$1,622,140$1,314,301$1,232,784$1,514,825
48$1,743,572$1,334,675$1,230,056$1,574,092
49$1,876,003$1,354,662$1,225,850$1,637,560
50$2,020,512$1,374,196$1,220,072$1,705,646
51$2,178,285$1,393,213$1,212,626$1,778,808
52$2,350,629$1,411,639$1,203,408$1,857,555
53$2,538,983$1,429,399$1,192,311$1,942,448
54$2,744,928$1,446,409$1,179,223$2,034,108
55$2,970,210$1,462,582$1,164,026$2,133,220
56$3,216,747$1,477,824$1,146,596$2,240,543
57$3,486,654$1,492,036$1,126,806$2,356,915
58$3,782,258$1,505,111$1,104,519$2,483,259
59$4,106,122$1,516,936$1,079,595$2,620,600
60$4,461,070$1,527,389$1,051,885$2,770,065
61$4,850,211$1,536,342$1,021,234$2,932,905
62$5,276,968$1,543,659$987,481$3,110,495
63$5,745,114$1,549,193$950,457$3,304,359
64$6,258,802$1,552,790$909,984$3,516,179
65$6,822,609$1,554,286$865,877$3,747,810
66$7,441,574$1,553,505$817,943$4,001,304
67$8,121,251$1,550,263$765,980$4,278,924
68$8,867,754$1,544,361$709,776$4,583,170
69$9,687,821$1,535,592$649,110$4,916,802
70$10,588,876$1,523,732$583,752$5,282,867
71$11,579,095$1,508,548$513,461$5,684,728
72$12,667,485$1,489,790$437,985$6,126,098
73$13,863,972$1,467,194$357,061$6,611,074
74$15,179,490$1,440,478$270,415$7,144,180
75$16,626,084$1,409,348$177,760$7,730,406
76$18,217,027$1,373,488$78,797$8,375,260
77$19,966,941$1,332,567$0$9,084,822
78$21,891,937$1,286,231$0$9,872,951
79$24,009,767$1,234,108$0$10,762,791
80$26,339,988$1,175,804$0$11,741,557
81$28,904,150$1,110,902$0$12,818,352
82$31,725,997$1,038,960$0$14,003,214
83$34,831,692$959,512$0$15,307,211
84$38,250,061$872,065$0$16,742,543
85$42,012,869$776,098$0$18,322,666
86$46,155,114$671,059$0$20,062,412
87$50,715,361$556,367$0$21,978,134
88$55,736,105$431,406$0$24,087,864
89$61,264,170$295,527$0$26,411,479
90$67,351,152$148,044$0$28,970,894
91$74,053,903$0$0$31,790,269
92$81,435,073$0$0$34,900,901
93$89,563,694$0$0$38,391,324
94$98,515,834$0$0$42,235,582
95$108,375,318$0$0$46,469,697
96$119,234,511$0$0$51,133,364
97$131,195,196$0$0$56,270,323
98$144,369,533$0$0$61,928,775
99$158,881,113$0$0$68,161,834
100$174,866,130$0$0$75,028,028