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%18.8%
1 years$99,095$98,212$97,351$96,510$95,690$92,295
2 years$49,057$48,143$47,258$46,399$45,567$42,182
3 years$32,380$31,462$30,579$29,728$28,909$25,642
4 years$24,043$23,128$22,254$21,418$20,618$17,493
5 years$19,042$18,133$17,270$16,451$15,674$12,699
6 years$15,709$14,807$13,956$13,156$12,402$9,580
7 years$13,329$12,435$11,598$10,816$10,086$7,416
8 years$11,546$10,659$9,836$9,073$8,367$5,847
9 years$10,159$9,280$8,472$7,729$7,047$4,672
10 years$9,050$8,180$7,386$6,662$6,004$3,772
11 years$8,143$7,282$6,502$5,798$5,164$3,070
12 years$7,388$6,536$5,771$5,086$4,475$2,514
13 years$6,750$5,907$5,156$4,490$3,902$2,068
14 years$6,204$5,369$4,632$3,986$3,421$1,709
15 years$5,730$4,905$4,182$3,554$3,012$1,416
16 years$5,316$4,500$3,792$3,183$2,662$1,177
17 years$4,952$4,144$3,451$2,860$2,360$980
18 years$4,628$3,830$3,150$2,577$2,098$818
19 years$4,339$3,549$2,884$2,329$1,870$683
20 years$4,078$3,298$2,646$2,109$1,671$572
21 years$3,843$3,072$2,434$1,914$1,495$479
22 years$3,630$2,868$2,244$1,740$1,340$401
23 years$3,435$2,682$2,071$1,585$1,203$336
24 years$3,257$2,513$1,916$1,446$1,081$282
25 years$3,094$2,358$1,774$1,320$973$237
26 years$2,943$2,216$1,646$1,207$876$199
27 years$2,804$2,086$1,528$1,105$790$167
28 years$2,675$1,966$1,421$1,012$713$141
29 years$2,555$1,854$1,322$928$644$118
30 years$2,443$1,751$1,231$852$582$99
31 years$2,338$1,655$1,148$782$526$84
32 years$2,241$1,566$1,071$719$476$70
33 years$2,149$1,483$1,000$661$431$59
34 years$2,063$1,406$934$608$390$50
35 years$1,982$1,333$874$560$353$42
36 years$1,906$1,266$817$516$320$35
37 years$1,834$1,202$765$475$290$30
38 years$1,766$1,142$716$438$263$25
39 years$1,702$1,086$671$404$238$21
40 years$1,641$1,034$629$373$216$18
41 years$1,583$984$590$344$196$15
42 years$1,528$937$553$317$178$13
43 years$1,476$893$519$293$162$11
44 years$1,426$851$487$270$147$9
45 years$1,378$811$458$250$133$7
46 years$1,333$774$430$231$121$6
47 years$1,290$739$404$213$110$5
48 years$1,249$705$379$197$100$4
49 years$1,209$673$357$182$91$4
50 years$1,172$643$335$168$82$3

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 $5,335 every year, while hoping to spend $23,919 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: 54/18/28 Blend
43$1,200,000$1,200,000$1,200,000$1,200,000
44$1,327,903$1,264,303$1,245,703$1,389,013
45$1,437,900$1,300,804$1,261,984$1,468,341
46$1,558,314$1,338,292$1,278,010$1,551,772
47$1,690,184$1,376,791$1,293,745$1,642,128
48$1,834,651$1,416,322$1,309,154$1,740,084
49$1,992,975$1,456,911$1,324,200$1,846,382
50$2,166,540$1,498,581$1,338,842$1,961,838
51$2,356,872$1,541,357$1,353,038$2,087,355
52$2,565,653$1,585,263$1,366,745$2,223,924
53$2,794,733$1,630,324$1,379,914$2,372,637
54$3,046,152$1,676,567$1,392,498$2,534,700
55$3,322,156$1,724,015$1,404,443$2,711,438
56$3,625,219$1,772,695$1,415,695$2,904,313
57$3,958,067$1,822,633$1,426,197$3,114,935
58$4,323,703$1,873,854$1,435,887$3,345,078
59$4,725,433$1,926,386$1,444,702$3,596,698
60$5,166,903$1,980,254$1,452,575$3,871,948
61$5,652,125$2,035,485$1,459,435$4,173,201
62$6,185,524$2,092,106$1,465,208$4,503,075
63$6,771,971$2,150,143$1,469,816$4,864,449
64$7,416,835$2,209,623$1,473,178$5,260,501
65$8,126,030$2,270,572$1,475,207$5,694,730
66$8,906,072$2,333,017$1,475,813$6,170,994
67$9,764,141$2,396,984$1,474,902$6,693,540
68$10,708,147$2,462,500$1,472,375$7,267,055
69$11,746,805$2,529,590$1,468,127$7,896,698
70$12,889,719$2,598,279$1,462,049$8,588,158
71$14,147,469$2,668,594$1,454,027$9,347,703
72$15,531,715$2,740,559$1,443,940$10,182,241
73$17,055,301$2,814,198$1,431,664$11,099,385
74$18,732,383$2,889,535$1,417,065$12,107,523
75$20,578,557$2,966,592$1,400,008$13,215,902
76$22,611,007$3,045,393$1,380,346$14,434,711
77$24,848,671$3,125,958$1,357,928$15,775,179
78$27,312,414$3,208,309$1,332,597$17,249,681
79$30,025,228$3,292,463$1,304,187$18,871,854
80$33,012,447$3,378,440$1,272,523$20,656,729
81$36,301,989$3,466,256$1,237,425$22,620,868
82$39,924,617$3,555,927$1,198,703$24,782,527
83$43,914,226$3,647,466$1,156,159$27,161,822
84$48,308,171$3,740,886$1,109,584$29,780,923
85$53,147,611$3,836,196$1,058,761$32,664,263
86$58,477,902$3,933,404$1,003,464$35,838,769
87$64,349,023$4,032,516$943,456$39,334,115
88$70,816,050$4,133,536$878,488$43,183,003
89$77,939,671$4,236,464$808,302$47,421,475
90$85,786,764$4,341,297$732,626$52,089,248
91$94,431,024$4,448,030$651,179$57,230,096
92$103,953,659$4,556,655$563,664$62,892,256
93$114,444,160$4,667,158$469,774$69,128,891
94$126,001,139$4,779,523$369,186$75,998,587
95$138,733,265$4,893,730$261,565$83,565,910
96$152,760,289$5,009,754$146,558$91,902,016
97$168,214,171$5,127,564$23,800$101,085,318
98$185,240,327$5,247,125$0$111,202,236
99$203,999,003$5,368,397$0$122,380,033
100$224,666,785$5,491,332$0$134,701,304