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

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$98,269$97,394$96,540$95,706$94,892$92,224
2 years$48,648$47,742$46,864$46,013$45,187$42,519
3 years$32,110$31,200$30,324$29,481$28,668$26,085
4 years$23,842$22,935$22,068$21,239$20,447$17,967
5 years$18,883$17,982$17,126$16,314$15,543$13,174
6 years$15,578$14,683$13,840$13,046$12,299$10,042
7 years$13,218$12,331$11,501$10,726$10,002$7,858
8 years$11,449$10,570$9,754$8,998$8,298$6,266
9 years$10,074$9,203$8,401$7,664$6,988$5,065
10 years$8,975$8,112$7,324$6,607$5,954$4,139
11 years$8,076$7,222$6,448$5,750$5,121$3,409
12 years$7,327$6,482$5,723$5,043$4,437$2,827
13 years$6,694$5,858$5,113$4,452$3,870$2,357
14 years$6,152$5,324$4,594$3,952$3,392$1,973
15 years$5,682$4,864$4,148$3,525$2,987$1,657
16 years$5,272$4,463$3,760$3,156$2,640$1,396
17 years$4,910$4,110$3,422$2,836$2,340$1,179
18 years$4,589$3,798$3,124$2,556$2,081$998
19 years$4,302$3,520$2,860$2,309$1,855$846
20 years$4,044$3,271$2,624$2,091$1,657$718
21 years$3,811$3,046$2,414$1,898$1,483$610
22 years$3,600$2,844$2,225$1,726$1,329$519
23 years$3,407$2,660$2,054$1,572$1,193$442
24 years$3,230$2,492$1,900$1,433$1,072$376
25 years$3,068$2,339$1,760$1,309$965$321
26 years$2,919$2,198$1,632$1,197$869$274
27 years$2,780$2,069$1,515$1,096$784$233
28 years$2,652$1,949$1,409$1,004$707$199
29 years$2,533$1,839$1,311$921$638$170
30 years$2,422$1,737$1,221$845$577$145
31 years$2,319$1,642$1,138$776$522$124
32 years$2,222$1,553$1,062$713$472$106
33 years$2,131$1,471$992$656$427$91
34 years$2,046$1,394$927$603$387$77
35 years$1,966$1,322$866$555$350$66
36 years$1,890$1,255$810$512$317$57
37 years$1,819$1,192$759$471$288$48
38 years$1,751$1,133$710$434$261$41
39 years$1,687$1,077$666$401$236$35
40 years$1,627$1,025$624$369$214$30
41 years$1,570$976$585$341$195$26
42 years$1,515$929$549$315$176$22
43 years$1,463$885$515$290$160$19
44 years$1,414$844$483$268$145$16
45 years$1,367$805$454$248$132$14
46 years$1,322$768$426$229$120$12
47 years$1,279$733$400$211$109$10
48 years$1,238$699$376$195$99$9
49 years$1,199$668$354$180$90$7
50 years$1,162$638$333$167$82$6

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 $2,811 every year, while hoping to spend $36,433 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: 30/41/29 Blend
43$1,190,000$1,190,000$1,190,000$1,190,000
44$1,314,280$1,251,210$1,232,765$1,341,936
45$1,409,572$1,273,754$1,235,298$1,386,412
46$1,513,362$1,296,183$1,236,695$1,430,864
47$1,626,480$1,318,451$1,236,879$1,477,969
48$1,749,837$1,340,511$1,235,770$1,527,985
49$1,884,436$1,362,311$1,233,284$1,581,196
50$2,031,382$1,383,798$1,229,332$1,637,916
51$2,191,890$1,404,911$1,223,822$1,698,495
52$2,367,299$1,425,588$1,216,657$1,763,320
53$2,559,083$1,445,761$1,207,734$1,832,817
54$2,768,864$1,465,358$1,196,948$1,907,461
55$2,998,428$1,484,301$1,184,185$1,987,774
56$3,249,743$1,502,507$1,169,331$2,074,338
57$3,524,974$1,519,887$1,152,261$2,167,792
58$3,826,508$1,536,347$1,132,848$2,268,847
59$4,156,970$1,551,787$1,110,956$2,378,287
60$4,519,254$1,566,098$1,086,447$2,496,982
61$4,916,548$1,579,166$1,059,172$2,625,890
62$5,352,359$1,590,868$1,028,978$2,766,074
63$5,830,554$1,601,076$995,703$2,918,707
64$6,355,391$1,609,649$959,180$3,085,088
65$6,931,561$1,616,441$919,232$3,266,651
66$7,564,229$1,621,296$875,675$3,464,981
67$8,259,087$1,624,046$828,317$3,681,832
68$9,022,405$1,624,515$776,957$3,919,139
69$9,861,089$1,622,516$721,384$4,179,042
70$10,782,749$1,617,848$661,379$4,463,906
71$11,795,767$1,610,299$596,712$4,776,342
72$12,909,377$1,599,646$527,144$5,119,235
73$14,133,755$1,585,650$452,425$5,495,770
74$15,480,109$1,568,059$372,293$5,909,468
75$16,960,790$1,546,603$286,474$6,364,214
76$18,589,404$1,521,000$194,685$6,864,298
77$20,380,943$1,490,949$96,627$7,414,460
78$22,351,925$1,456,132$0$8,019,929
79$24,520,549$1,416,210$0$8,688,963
80$26,906,868$1,370,827$0$9,457,522
81$29,532,976$1,319,604$0$10,302,818
82$32,423,217$1,262,142$0$11,232,725
83$35,604,416$1,198,018$0$12,255,930
84$39,106,129$1,126,784$0$13,382,010
85$42,960,924$1,047,966$0$14,621,526
86$47,204,686$961,064$0$15,986,128
87$51,876,957$865,549$0$17,488,659
88$57,021,307$760,862$0$19,143,281
89$62,685,748$646,411$0$20,965,612
90$68,923,182$521,573$0$22,972,872
91$75,791,904$385,688$0$25,184,049
92$83,356,150$238,058$0$27,620,078
93$91,686,703$77,950$0$30,304,042
94$100,861,563$0$0$33,261,393
95$110,966,676$0$0$36,563,240
96$122,096,754$0$0$40,238,990
97$134,356,162$0$0$44,287,975
98$147,859,903$0$0$48,748,211
99$162,734,708$0$0$53,661,592
100$179,120,225$0$0$59,074,281