Can I retire at age 44 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$99,921$99,031$98,162$97,315$96,487$95,959
2 years$49,466$48,544$47,652$46,786$45,946$45,414
3 years$32,650$31,724$30,834$29,976$29,150$28,630
4 years$24,243$23,321$22,439$21,596$20,790$20,285
5 years$19,201$18,284$17,414$16,588$15,804$15,317
6 years$15,840$14,930$14,073$13,265$12,505$12,036
7 years$13,441$12,538$11,695$10,906$10,170$9,718
8 years$11,642$10,748$9,918$9,149$8,437$8,003
9 years$10,243$9,358$8,542$7,793$7,105$6,690
10 years$9,125$8,248$7,447$6,718$6,054$5,656
11 years$8,211$7,343$6,557$5,846$5,207$4,826
12 years$7,450$6,591$5,819$5,128$4,512$4,149
13 years$6,806$5,956$5,199$4,527$3,935$3,588
14 years$6,255$5,414$4,671$4,019$3,449$3,119
15 years$5,778$4,946$4,217$3,584$3,037$2,723
16 years$5,361$4,538$3,824$3,209$2,684$2,386
17 years$4,993$4,179$3,479$2,883$2,380$2,097
18 years$4,667$3,862$3,176$2,599$2,116$1,847
19 years$4,375$3,579$2,908$2,348$1,886$1,632
20 years$4,112$3,326$2,668$2,127$1,685$1,444
21 years$3,875$3,098$2,455$1,930$1,508$1,280
22 years$3,660$2,892$2,262$1,755$1,351$1,136
23 years$3,464$2,704$2,089$1,598$1,213$1,010
24 years$3,285$2,534$1,932$1,458$1,090$899
25 years$3,120$2,378$1,789$1,331$981$801
26 years$2,968$2,235$1,659$1,217$884$715
27 years$2,827$2,103$1,541$1,114$797$638
28 years$2,697$1,982$1,432$1,021$719$570
29 years$2,576$1,870$1,333$936$649$509
30 years$2,463$1,766$1,242$859$587$455
31 years$2,358$1,669$1,158$789$530$407
32 years$2,259$1,579$1,080$725$480$364
33 years$2,167$1,496$1,008$667$434$326
34 years$2,080$1,418$942$613$393$292
35 years$1,999$1,345$881$565$356$262
36 years$1,922$1,276$824$520$323$235
37 years$1,849$1,212$771$479$292$210
38 years$1,781$1,152$722$442$265$189
39 years$1,716$1,095$677$407$240$169
40 years$1,654$1,042$634$376$218$152
41 years$1,596$992$595$347$198$136
42 years$1,541$945$558$320$179$122
43 years$1,488$900$524$295$163$110
44 years$1,438$858$491$273$148$98
45 years$1,390$818$461$252$134$88
46 years$1,344$781$433$233$122$79
47 years$1,301$745$407$215$111$71
48 years$1,259$711$383$199$100$64
49 years$1,219$679$360$183$91$57
50 years$1,181$649$338$170$83$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,210,000, adding $4,396 every year, while hoping to spend $30,635 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: 64/30/6 Blend
43$1,210,000$1,210,000$1,210,000$1,210,000
44$1,337,954$1,273,824$1,255,069$1,421,960
45$1,441,830$1,303,646$1,264,519$1,508,237
46$1,555,275$1,333,903$1,273,258$1,598,395
47$1,679,232$1,364,583$1,281,231$1,696,055
48$1,814,740$1,395,674$1,288,379$1,801,944
49$1,962,943$1,427,161$1,294,639$1,916,858
50$2,125,100$1,459,029$1,299,946$2,041,677
51$2,302,598$1,491,260$1,304,232$2,177,370
52$2,496,964$1,523,833$1,307,425$2,325,003
53$2,709,880$1,556,726$1,309,450$2,485,750
54$2,943,198$1,589,915$1,310,226$2,660,905
55$3,198,956$1,623,374$1,309,671$2,851,893
56$3,479,402$1,657,071$1,307,697$3,060,282
57$3,787,009$1,690,976$1,304,213$3,287,804
58$4,124,502$1,725,052$1,299,123$3,536,361
59$4,494,883$1,759,261$1,292,325$3,808,054
60$4,901,458$1,793,562$1,283,715$4,105,193
61$5,347,869$1,827,908$1,273,181$4,430,327
62$5,838,127$1,862,251$1,260,608$4,786,262
63$6,376,651$1,896,537$1,245,874$5,176,092
64$6,968,311$1,930,709$1,228,852$5,603,223
65$7,618,469$1,964,704$1,209,409$6,071,411
66$8,333,034$1,998,455$1,187,405$6,584,793
67$9,118,516$2,031,892$1,162,695$7,147,929
68$9,982,085$2,064,935$1,135,126$7,765,843
69$10,931,643$2,097,502$1,104,538$8,444,071
70$11,975,894$2,129,503$1,070,764$9,188,714
71$13,124,430$2,160,843$1,033,629$10,006,496
72$14,387,816$2,191,419$992,950$10,904,826
73$15,777,696$2,221,121$948,537$11,891,868
74$17,306,897$2,249,832$900,188$12,976,620
75$18,989,552$2,277,426$847,696$14,168,999
76$20,841,235$2,303,768$790,843$15,479,932
77$22,879,104$2,328,716$729,399$16,921,461
78$25,122,065$2,352,116$663,127$18,506,859
79$27,590,952$2,373,805$591,777$20,250,750
80$30,308,717$2,393,610$515,090$22,169,255
81$33,300,655$2,411,345$432,794$24,280,136
82$36,594,634$2,426,813$344,605$26,602,970
83$40,221,364$2,439,805$250,227$29,159,332
84$44,214,685$2,450,097$149,351$31,972,998
85$48,611,882$2,457,451$41,653$35,070,171
86$53,454,043$2,461,615$0$38,479,730
87$58,786,443$2,462,322$0$42,238,191
88$64,658,971$2,459,286$0$46,379,088
89$71,126,600$2,452,205$0$50,938,427
90$78,249,909$2,440,759$0$55,958,832
91$86,095,649$2,424,606$0$61,487,275
92$94,737,379$2,403,385$0$67,575,521
93$104,256,154$2,376,713$0$74,280,618
94$114,741,294$2,344,185$0$81,665,432
95$126,291,226$2,305,370$0$89,799,247
96$139,014,410$2,259,812$0$98,758,413
97$153,030,366$2,207,028$0$108,627,075
98$168,470,798$2,146,507$0$119,497,960
99$185,480,841$2,077,708$0$131,473,258
100$204,220,428$2,000,057$0$144,665,587