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

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$99,095$98,212$97,351$96,510$95,690$91,929
2 years$49,057$48,143$47,258$46,399$45,567$41,824
3 years$32,380$31,462$30,579$29,728$28,909$25,303
4 years$24,043$23,128$22,254$21,418$20,618$17,175
5 years$19,042$18,133$17,270$16,451$15,674$12,402
6 years$15,709$14,807$13,956$13,156$12,402$9,305
7 years$13,329$12,435$11,598$10,816$10,086$7,162
8 years$11,546$10,659$9,836$9,073$8,367$5,613
9 years$10,159$9,280$8,472$7,729$7,047$4,458
10 years$9,050$8,180$7,386$6,662$6,004$3,577
11 years$8,143$7,282$6,502$5,798$5,164$2,892
12 years$7,388$6,536$5,771$5,086$4,475$2,352
13 years$6,750$5,907$5,156$4,490$3,902$1,922
14 years$6,204$5,369$4,632$3,986$3,421$1,577
15 years$5,730$4,905$4,182$3,554$3,012$1,298
16 years$5,316$4,500$3,792$3,183$2,662$1,071
17 years$4,952$4,144$3,451$2,860$2,360$885
18 years$4,628$3,830$3,150$2,577$2,098$733
19 years$4,339$3,549$2,884$2,329$1,870$608
20 years$4,078$3,298$2,646$2,109$1,671$504
21 years$3,843$3,072$2,434$1,914$1,495$419
22 years$3,630$2,868$2,244$1,740$1,340$349
23 years$3,435$2,682$2,071$1,585$1,203$290
24 years$3,257$2,513$1,916$1,446$1,081$241
25 years$3,094$2,358$1,774$1,320$973$201
26 years$2,943$2,216$1,646$1,207$876$168
27 years$2,804$2,086$1,528$1,105$790$140
28 years$2,675$1,966$1,421$1,012$713$116
29 years$2,555$1,854$1,322$928$644$97
30 years$2,443$1,751$1,231$852$582$81
31 years$2,338$1,655$1,148$782$526$68
32 years$2,241$1,566$1,071$719$476$56
33 years$2,149$1,483$1,000$661$431$47
34 years$2,063$1,406$934$608$390$39
35 years$1,982$1,333$874$560$353$33
36 years$1,906$1,266$817$516$320$27
37 years$1,834$1,202$765$475$290$23
38 years$1,766$1,142$716$438$263$19
39 years$1,702$1,086$671$404$238$16
40 years$1,641$1,034$629$373$216$13
41 years$1,583$984$590$344$196$11
42 years$1,528$937$553$317$178$9
43 years$1,476$893$519$293$162$8
44 years$1,426$851$487$270$147$6
45 years$1,378$811$458$250$133$5
46 years$1,333$774$430$231$121$4
47 years$1,290$739$404$213$110$4
48 years$1,249$705$379$197$100$3
49 years$1,209$673$357$182$91$3
50 years$1,172$643$335$168$82$2

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 $5,703 every year, while hoping to spend $36,859 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: 54/32/14 Blend
43$1,200,000$1,200,000$1,200,000$1,200,000
44$1,328,283$1,264,683$1,246,083$1,394,815
45$1,424,550$1,287,434$1,248,609$1,463,507
46$1,529,401$1,310,066$1,249,984$1,533,791
47$1,643,672$1,332,532$1,250,131$1,609,451
48$1,768,285$1,354,784$1,248,969$1,691,006
49$1,904,253$1,376,771$1,246,412$1,779,030
50$2,052,690$1,398,436$1,242,371$1,874,156
51$2,214,826$1,419,721$1,236,751$1,977,081
52$2,392,012$1,440,561$1,229,456$2,088,572
53$2,585,736$1,460,887$1,220,381$2,209,479
54$2,797,636$1,480,625$1,209,419$2,340,736
55$3,029,517$1,499,698$1,196,457$2,483,374
56$3,283,365$1,518,021$1,181,375$2,638,529
57$3,561,368$1,535,504$1,164,051$2,807,457
58$3,865,935$1,552,051$1,144,355$2,991,538
59$4,199,719$1,567,560$1,122,149$3,192,299
60$4,565,643$1,581,923$1,097,293$3,411,421
61$4,966,923$1,595,021$1,069,637$3,650,759
62$5,407,104$1,606,733$1,039,025$3,912,358
63$5,890,092$1,616,925$1,005,295$4,198,473
64$6,420,184$1,625,458$968,276$4,511,591
65$7,002,120$1,632,182$927,790$4,854,457
66$7,641,116$1,636,939$883,651$5,230,094
67$8,342,920$1,639,559$835,663$5,641,838
68$9,113,863$1,639,863$783,624$6,093,368
69$9,960,922$1,637,662$727,320$6,588,741
70$10,891,781$1,632,752$666,530$7,132,428
71$11,914,905$1,624,919$601,021$7,729,363
72$13,039,620$1,613,935$530,550$8,384,984
73$14,276,203$1,599,559$454,865$9,105,288
74$15,635,972$1,581,534$373,700$9,896,888
75$17,131,402$1,559,590$286,779$10,767,075
76$18,776,233$1,533,438$193,815$11,723,887
77$20,585,606$1,502,774$94,504$12,776,190
78$22,576,202$1,467,274$0$13,933,756
79$24,766,402$1,426,597$0$15,209,076
80$27,176,455$1,380,381$0$16,627,491
81$29,828,676$1,328,242$0$18,188,020
82$32,747,651$1,269,776$0$19,905,156
83$35,960,469$1,204,552$0$21,794,876
84$39,496,981$1,132,119$0$23,874,791
85$43,390,075$1,051,995$0$26,164,311
86$47,675,994$963,675$0$28,684,832
87$52,394,671$866,620$0$31,459,938
88$57,590,108$760,265$0$34,515,623
89$63,310,793$644,011$0$37,880,539
90$69,610,151$517,225$0$41,586,267
91$76,547,056$379,239$0$45,667,616
92$84,186,381$229,347$0$50,162,953
93$92,599,609$66,802$0$55,114,567
94$101,865,513$0$0$60,569,068
95$112,070,893$0$0$66,616,276
96$123,311,396$0$0$73,302,916
97$135,692,423$0$0$80,668,185
98$149,330,118$0$0$88,781,195
99$164,352,466$0$0$97,718,105
100$180,900,499$0$0$107,562,839