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%17.6%
1 years$98,269$97,394$96,540$95,706$94,892$91,965
2 years$48,648$47,742$46,864$46,013$45,187$42,263
3 years$32,110$31,200$30,324$29,481$28,668$25,840
4 years$23,842$22,935$22,068$21,239$20,447$17,736
5 years$18,883$17,982$17,126$16,314$15,543$12,957
6 years$15,578$14,683$13,840$13,046$12,299$9,839
7 years$13,218$12,331$11,501$10,726$10,002$7,669
8 years$11,449$10,570$9,754$8,998$8,298$6,089
9 years$10,074$9,203$8,401$7,664$6,988$4,902
10 years$8,975$8,112$7,324$6,607$5,954$3,988
11 years$8,076$7,222$6,448$5,750$5,121$3,270
12 years$7,327$6,482$5,723$5,043$4,437$2,699
13 years$6,694$5,858$5,113$4,452$3,870$2,239
14 years$6,152$5,324$4,594$3,952$3,392$1,866
15 years$5,682$4,864$4,148$3,525$2,987$1,559
16 years$5,272$4,463$3,760$3,156$2,640$1,307
17 years$4,910$4,110$3,422$2,836$2,340$1,098
18 years$4,589$3,798$3,124$2,556$2,081$925
19 years$4,302$3,520$2,860$2,309$1,855$780
20 years$4,044$3,271$2,624$2,091$1,657$658
21 years$3,811$3,046$2,414$1,898$1,483$556
22 years$3,600$2,844$2,225$1,726$1,329$471
23 years$3,407$2,660$2,054$1,572$1,193$398
24 years$3,230$2,492$1,900$1,433$1,072$338
25 years$3,068$2,339$1,760$1,309$965$286
26 years$2,919$2,198$1,632$1,197$869$243
27 years$2,780$2,069$1,515$1,096$784$206
28 years$2,652$1,949$1,409$1,004$707$175
29 years$2,533$1,839$1,311$921$638$148
30 years$2,422$1,737$1,221$845$577$126
31 years$2,319$1,642$1,138$776$522$107
32 years$2,222$1,553$1,062$713$472$91
33 years$2,131$1,471$992$656$427$77
34 years$2,046$1,394$927$603$387$66
35 years$1,966$1,322$866$555$350$56
36 years$1,890$1,255$810$512$317$47
37 years$1,819$1,192$759$471$288$40
38 years$1,751$1,133$710$434$261$34
39 years$1,687$1,077$666$401$236$29
40 years$1,627$1,025$624$369$214$25
41 years$1,570$976$585$341$195$21
42 years$1,515$929$549$315$176$18
43 years$1,463$885$515$290$160$15
44 years$1,414$844$483$268$145$13
45 years$1,367$805$454$248$132$11
46 years$1,322$768$426$229$120$9
47 years$1,279$733$400$211$109$8
48 years$1,238$699$376$195$99$7
49 years$1,199$668$354$180$90$6
50 years$1,162$638$333$167$82$5

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 $2,897 every year, while hoping to spend $48,671 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: 39/49/12 Blend
43$1,190,000$1,190,000$1,190,000$1,190,000
44$1,314,368$1,251,298$1,232,853$1,360,765
45$1,396,648$1,260,826$1,222,368$1,403,439
46$1,485,690$1,269,190$1,209,901$1,444,570
47$1,582,130$1,276,281$1,195,333$1,487,971
48$1,686,673$1,281,984$1,178,542$1,533,867
49$1,800,088$1,286,175$1,159,397$1,582,513
50$1,923,225$1,288,726$1,137,765$1,634,188
51$2,057,017$1,289,496$1,113,503$1,689,205
52$2,202,491$1,288,340$1,086,464$1,747,912
53$2,360,776$1,285,100$1,056,492$1,810,695
54$2,533,116$1,279,611$1,023,425$1,877,983
55$2,720,878$1,271,696$987,094$1,950,251
56$2,925,568$1,261,169$947,322$2,028,030
57$3,148,841$1,247,832$903,922$2,111,906
58$3,392,522$1,231,474$856,703$2,202,532
59$3,658,616$1,211,874$805,460$2,300,630
60$3,949,335$1,188,795$749,982$2,407,002
61$4,267,108$1,161,988$690,048$2,522,539
62$4,614,616$1,131,188$625,427$2,648,226
63$4,994,805$1,096,115$555,877$2,785,158
64$5,410,923$1,056,472$481,147$2,934,546
65$5,866,545$1,011,946$400,973$3,097,733
66$6,365,607$962,206$315,080$3,276,205
67$6,912,444$906,899$223,180$3,471,612
68$7,511,831$845,655$124,975$3,685,776
69$8,169,027$778,081$20,150$3,920,717
70$8,889,823$703,763$0$4,178,671
71$9,680,598$622,260$0$4,473,856
72$10,548,378$533,110$0$4,800,781
73$11,500,904$435,824$0$5,159,939
74$12,546,699$329,883$0$5,554,728
75$13,695,156$214,740$0$5,988,902
76$14,956,620$89,820$0$6,466,611
77$16,342,486$0$0$6,992,440
78$17,865,310$0$0$7,595,979
79$19,538,922$0$0$8,312,675
80$21,378,561$0$0$9,100,645
81$23,401,012$0$0$9,967,100
82$25,624,772$0$0$10,919,987
83$28,070,216$0$0$11,968,059
84$30,759,794$0$0$13,120,964
85$33,718,242$0$0$14,389,327
86$36,972,811$0$0$15,784,860
87$40,553,528$0$0$17,320,463
88$44,493,478$0$0$19,010,353
89$48,829,112$0$0$20,870,192
90$53,600,595$0$0$22,917,239
91$58,852,184$0$0$25,170,511
92$64,632,642$0$0$27,650,962
93$70,995,698$0$0$30,381,681
94$78,000,558$0$0$33,388,108
95$85,712,457$0$0$36,698,276
96$94,203,279$0$0$40,343,076
97$103,552,231$0$0$44,356,545
98$113,846,594$0$0$48,776,190
99$125,182,541$0$0$53,643,340
100$137,666,047$0$0$59,003,537