Can I retire at age 44 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$99,095$98,212$97,351$96,510$95,690$93,988
2 years$49,057$48,143$47,258$46,399$45,567$43,858
3 years$32,380$31,462$30,579$29,728$28,909$27,247
4 years$24,043$23,128$22,254$21,418$20,618$19,016
5 years$19,042$18,133$17,270$16,451$15,674$14,135
6 years$15,709$14,807$13,956$13,156$12,402$10,928
7 years$13,329$12,435$11,598$10,816$10,086$8,678
8 years$11,546$10,659$9,836$9,073$8,367$7,025
9 years$10,159$9,280$8,472$7,729$7,047$5,769
10 years$9,050$8,180$7,386$6,662$6,004$4,790
11 years$8,143$7,282$6,502$5,798$5,164$4,012
12 years$7,388$6,536$5,771$5,086$4,475$3,384
13 years$6,750$5,907$5,156$4,490$3,902$2,870
14 years$6,204$5,369$4,632$3,986$3,421$2,445
15 years$5,730$4,905$4,182$3,554$3,012$2,092
16 years$5,316$4,500$3,792$3,183$2,662$1,795
17 years$4,952$4,144$3,451$2,860$2,360$1,545
18 years$4,628$3,830$3,150$2,577$2,098$1,332
19 years$4,339$3,549$2,884$2,329$1,870$1,151
20 years$4,078$3,298$2,646$2,109$1,671$997
21 years$3,843$3,072$2,434$1,914$1,495$864
22 years$3,630$2,868$2,244$1,740$1,340$750
23 years$3,435$2,682$2,071$1,585$1,203$651
24 years$3,257$2,513$1,916$1,446$1,081$567
25 years$3,094$2,358$1,774$1,320$973$493
26 years$2,943$2,216$1,646$1,207$876$429
27 years$2,804$2,086$1,528$1,105$790$374
28 years$2,675$1,966$1,421$1,012$713$326
29 years$2,555$1,854$1,322$928$644$285
30 years$2,443$1,751$1,231$852$582$248
31 years$2,338$1,655$1,148$782$526$217
32 years$2,241$1,566$1,071$719$476$189
33 years$2,149$1,483$1,000$661$431$165
34 years$2,063$1,406$934$608$390$144
35 years$1,982$1,333$874$560$353$126
36 years$1,906$1,266$817$516$320$110
37 years$1,834$1,202$765$475$290$96
38 years$1,766$1,142$716$438$263$84
39 years$1,702$1,086$671$404$238$74
40 years$1,641$1,034$629$373$216$64
41 years$1,583$984$590$344$196$56
42 years$1,528$937$553$317$178$49
43 years$1,476$893$519$293$162$43
44 years$1,426$851$487$270$147$38
45 years$1,378$811$458$250$133$33
46 years$1,333$774$430$231$121$29
47 years$1,290$739$404$213$110$25
48 years$1,249$705$379$197$100$22
49 years$1,209$673$357$182$91$19
50 years$1,172$643$335$168$82$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,200,000, adding $4,785 every year, while hoping to spend $38,519 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: 26/50/24 Blend
43$1,200,000$1,200,000$1,200,000$1,200,000
44$1,327,336$1,263,736$1,245,136$1,351,690
45$1,421,740$1,284,675$1,245,864$1,392,614
46$1,524,483$1,305,349$1,245,325$1,432,838
47$1,636,373$1,325,705$1,243,437$1,475,183
48$1,758,303$1,345,684$1,240,112$1,519,854
49$1,891,253$1,365,225$1,235,259$1,567,076
50$2,036,302$1,384,263$1,228,782$1,617,101
51$2,194,639$1,402,726$1,220,580$1,670,206
52$2,367,571$1,420,538$1,210,548$1,726,700
53$2,556,538$1,437,619$1,198,576$1,786,928
54$2,763,125$1,453,883$1,184,549$1,851,268
55$2,989,078$1,469,237$1,168,345$1,920,142
56$3,236,317$1,483,583$1,149,837$1,994,019
57$3,506,959$1,496,816$1,128,894$2,073,416
58$3,803,333$1,508,824$1,105,377$2,158,909
59$4,128,005$1,519,488$1,079,139$2,251,134
60$4,483,801$1,528,683$1,050,029$2,350,796
61$4,873,832$1,536,272$1,017,889$2,458,678
62$5,301,526$1,542,112$982,551$2,575,644
63$5,770,657$1,546,051$943,843$2,702,653
64$6,285,384$1,547,927$901,581$2,840,768
65$6,850,285$1,547,568$855,576$2,991,161
66$7,470,407$1,544,791$805,630$3,155,135
67$8,151,304$1,539,401$751,534$3,334,127
68$8,899,098$1,531,194$693,072$3,529,730
69$9,720,533$1,519,949$630,017$3,743,705
70$10,623,037$1,505,436$562,132$3,978,001
71$11,614,793$1,487,409$489,170$4,234,771
72$12,704,817$1,465,606$410,872$4,516,399
73$13,903,040$1,439,753$326,968$4,825,519
74$15,220,405$1,409,556$237,177$5,165,042
75$16,668,969$1,374,707$141,204$5,538,188
76$18,262,012$1,334,876$38,743$5,948,515
77$20,014,170$1,289,717$0$6,399,953
78$21,941,564$1,238,863$0$6,914,927
79$24,061,961$1,181,924$0$7,491,920
80$26,394,931$1,118,489$0$8,126,391
81$28,962,043$1,048,123$0$8,824,290
82$31,787,057$970,367$0$9,592,185
83$34,896,155$884,733$0$10,437,320
84$38,318,186$790,708$0$11,367,691
85$42,084,937$687,748$0$12,392,121
86$46,231,432$575,280$0$13,520,342
87$50,796,266$452,697$0$14,763,093
88$55,821,964$319,357$0$16,132,222
89$61,355,384$174,585$0$17,640,798
90$67,448,159$17,666$0$19,303,241
91$74,157,185$0$0$21,135,456
92$81,545,155$0$0$23,238,701
93$89,681,153$0$0$25,565,870
94$98,641,301$0$0$28,129,050
95$108,509,483$0$0$30,952,271
96$119,378,133$0$0$34,062,014
97$131,349,108$0$0$37,487,458
98$144,534,645$0$0$41,260,758
99$159,058,427$0$0$45,417,345
100$175,056,744$0$0$49,996,267