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%15.5%
1 years$98,269$97,394$96,540$95,706$94,892$92,749
2 years$48,648$47,742$46,864$46,013$45,187$43,039
3 years$32,110$31,200$30,324$29,481$28,668$26,583
4 years$23,842$22,935$22,068$21,239$20,447$18,440
5 years$18,883$17,982$17,126$16,314$15,543$13,621
6 years$15,578$14,683$13,840$13,046$12,299$10,462
7 years$13,218$12,331$11,501$10,726$10,002$8,252
8 years$11,449$10,570$9,754$8,998$8,298$6,634
9 years$10,074$9,203$8,401$7,664$6,988$5,409
10 years$8,975$8,112$7,324$6,607$5,954$4,458
11 years$8,076$7,222$6,448$5,750$5,121$3,705
12 years$7,327$6,482$5,723$5,043$4,437$3,101
13 years$6,694$5,858$5,113$4,452$3,870$2,609
14 years$6,152$5,324$4,594$3,952$3,392$2,205
15 years$5,682$4,864$4,148$3,525$2,987$1,871
16 years$5,272$4,463$3,760$3,156$2,640$1,592
17 years$4,910$4,110$3,422$2,836$2,340$1,358
18 years$4,589$3,798$3,124$2,556$2,081$1,161
19 years$4,302$3,520$2,860$2,309$1,855$995
20 years$4,044$3,271$2,624$2,091$1,657$853
21 years$3,811$3,046$2,414$1,898$1,483$733
22 years$3,600$2,844$2,225$1,726$1,329$630
23 years$3,407$2,660$2,054$1,572$1,193$542
24 years$3,230$2,492$1,900$1,433$1,072$467
25 years$3,068$2,339$1,760$1,309$965$403
26 years$2,919$2,198$1,632$1,197$869$347
27 years$2,780$2,069$1,515$1,096$784$300
28 years$2,652$1,949$1,409$1,004$707$259
29 years$2,533$1,839$1,311$921$638$224
30 years$2,422$1,737$1,221$845$577$193
31 years$2,319$1,642$1,138$776$522$167
32 years$2,222$1,553$1,062$713$472$144
33 years$2,131$1,471$992$656$427$125
34 years$2,046$1,394$927$603$387$108
35 years$1,966$1,322$866$555$350$93
36 years$1,890$1,255$810$512$317$81
37 years$1,819$1,192$759$471$288$70
38 years$1,751$1,133$710$434$261$60
39 years$1,687$1,077$666$401$236$52
40 years$1,627$1,025$624$369$214$45
41 years$1,570$976$585$341$195$39
42 years$1,515$929$549$315$176$34
43 years$1,463$885$515$290$160$29
44 years$1,414$844$483$268$145$25
45 years$1,367$805$454$248$132$22
46 years$1,322$768$426$229$120$19
47 years$1,279$733$400$211$109$16
48 years$1,238$699$376$195$99$14
49 years$1,199$668$354$180$90$12
50 years$1,162$638$333$167$82$11

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 $5,758 every year, while hoping to spend $41,887 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: 51/39/10 Blend
43$1,190,000$1,190,000$1,190,000$1,190,000
44$1,317,319$1,254,249$1,235,804$1,380,764
45$1,407,119$1,271,140$1,232,636$1,441,577
46$1,504,673$1,287,455$1,227,958$1,502,701
47$1,610,731$1,303,121$1,221,676$1,568,174
48$1,726,112$1,318,060$1,213,689$1,638,419
49$1,851,721$1,332,191$1,203,893$1,713,897
50$1,988,554$1,345,426$1,192,180$1,795,122
51$2,137,704$1,357,669$1,178,436$1,882,658
52$2,300,376$1,368,821$1,162,540$1,977,129
53$2,477,897$1,378,776$1,144,367$2,079,223
54$2,671,725$1,387,419$1,123,787$2,189,701
55$2,883,468$1,394,629$1,100,661$2,309,403
56$3,114,895$1,400,279$1,074,845$2,439,255
57$3,367,952$1,404,230$1,046,191$2,580,281
58$3,644,784$1,406,339$1,014,539$2,733,609
59$3,947,752$1,406,450$979,727$2,900,487
60$4,279,456$1,404,399$941,581$3,082,292
61$4,642,758$1,400,012$899,921$3,280,541
62$5,040,811$1,393,104$854,560$3,496,912
63$5,477,087$1,383,480$805,301$3,733,257
64$5,955,410$1,370,930$751,939$3,991,617
65$6,479,991$1,355,235$694,258$4,274,248
66$7,055,469$1,336,160$632,034$4,583,638
67$7,686,952$1,313,457$565,033$4,922,533
68$8,380,070$1,286,865$493,010$5,293,963
69$9,141,020$1,256,105$415,709$5,701,272
70$9,976,633$1,220,883$332,864$6,148,151
71$10,894,429$1,180,886$244,195$6,638,671
72$11,902,697$1,135,785$149,411$7,177,325
73$13,010,564$1,085,230$48,208$7,769,069
74$14,228,088$1,028,853$0$8,419,371
75$15,566,349$966,263$0$9,140,645
76$17,037,553$897,046$0$9,939,071
77$18,655,148$820,766$0$10,816,878
78$20,433,950$736,960$0$11,782,206
79$22,390,283$645,141$0$12,844,027
80$24,542,132$544,794$0$14,012,240
81$26,909,313$435,372$0$15,297,758
82$29,513,659$316,302$0$16,712,615
83$32,379,226$186,974$0$18,270,084
84$35,532,518$46,747$0$19,984,798
85$39,002,740$0$0$21,872,892
86$42,822,071$0$0$23,997,244
87$47,025,967$0$0$26,357,725
88$51,653,496$0$0$28,956,227
89$56,747,706$0$0$31,816,941
90$62,356,029$0$0$34,966,525
91$68,530,734$0$0$38,434,349
92$75,329,412$0$0$42,252,781
93$82,815,523$0$0$46,457,485
94$91,058,998$0$0$51,087,758
95$100,136,890$0$0$56,186,904
96$110,134,108$0$0$61,802,642
97$121,144,215$0$0$67,987,551
98$133,270,310$0$0$74,799,575
99$146,626,003$0$0$82,302,560
100$161,336,482$0$0$90,566,862