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%18.9%
1 years$99,921$99,031$98,162$97,315$96,487$93,027
2 years$49,466$48,544$47,652$46,786$45,946$42,497
3 years$32,650$31,724$30,834$29,976$29,150$25,821
4 years$24,243$23,321$22,439$21,596$20,790$17,607
5 years$19,201$18,284$17,414$16,588$15,804$12,774
6 years$15,840$14,930$14,073$13,265$12,505$9,631
7 years$13,441$12,538$11,695$10,906$10,170$7,452
8 years$11,642$10,748$9,918$9,149$8,437$5,872
9 years$10,243$9,358$8,542$7,793$7,105$4,689
10 years$9,125$8,248$7,447$6,718$6,054$3,784
11 years$8,211$7,343$6,557$5,846$5,207$3,077
12 years$7,450$6,591$5,819$5,128$4,512$2,518
13 years$6,806$5,956$5,199$4,527$3,935$2,070
14 years$6,255$5,414$4,671$4,019$3,449$1,709
15 years$5,778$4,946$4,217$3,584$3,037$1,416
16 years$5,361$4,538$3,824$3,209$2,684$1,176
17 years$4,993$4,179$3,479$2,883$2,380$978
18 years$4,667$3,862$3,176$2,599$2,116$816
19 years$4,375$3,579$2,908$2,348$1,886$681
20 years$4,112$3,326$2,668$2,127$1,685$569
21 years$3,875$3,098$2,455$1,930$1,508$476
22 years$3,660$2,892$2,262$1,755$1,351$399
23 years$3,464$2,704$2,089$1,598$1,213$334
24 years$3,285$2,534$1,932$1,458$1,090$280
25 years$3,120$2,378$1,789$1,331$981$235
26 years$2,968$2,235$1,659$1,217$884$197
27 years$2,827$2,103$1,541$1,114$797$166
28 years$2,697$1,982$1,432$1,021$719$139
29 years$2,576$1,870$1,333$936$649$117
30 years$2,463$1,766$1,242$859$587$98
31 years$2,358$1,669$1,158$789$530$83
32 years$2,259$1,579$1,080$725$480$69
33 years$2,167$1,496$1,008$667$434$58
34 years$2,080$1,418$942$613$393$49
35 years$1,999$1,345$881$565$356$41
36 years$1,922$1,276$824$520$323$35
37 years$1,849$1,212$771$479$292$29
38 years$1,781$1,152$722$442$265$24
39 years$1,716$1,095$677$407$240$21
40 years$1,654$1,042$634$376$218$17
41 years$1,596$992$595$347$198$15
42 years$1,541$945$558$320$179$12
43 years$1,488$900$524$295$163$10
44 years$1,438$858$491$273$148$9
45 years$1,390$818$461$252$134$7
46 years$1,344$781$433$233$122$6
47 years$1,301$745$407$215$111$5
48 years$1,259$711$383$199$100$4
49 years$1,219$679$360$183$91$4
50 years$1,181$649$338$170$83$3

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 $4,734 every year, while hoping to spend $29,169 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: 73/11/16 Blend
43$1,210,000$1,210,000$1,210,000$1,210,000
44$1,338,303$1,274,173$1,255,418$1,430,818
45$1,443,774$1,305,572$1,266,439$1,524,172
46$1,559,026$1,337,532$1,276,852$1,622,380
47$1,685,025$1,370,049$1,286,604$1,729,192
48$1,822,836$1,403,120$1,295,644$1,845,455
49$1,973,631$1,436,738$1,303,913$1,972,101
50$2,138,699$1,470,897$1,311,353$2,110,158
51$2,319,464$1,505,587$1,317,900$2,260,759
52$2,517,488$1,540,801$1,323,489$2,425,149
53$2,734,497$1,576,524$1,328,051$2,604,704
54$2,972,387$1,612,746$1,331,512$2,800,936
55$3,233,250$1,649,450$1,333,797$3,015,513
56$3,519,388$1,686,619$1,334,825$3,250,272
57$3,833,336$1,724,235$1,334,513$3,507,237
58$4,177,889$1,762,275$1,332,772$3,788,639
59$4,556,124$1,800,716$1,329,510$4,096,934
60$4,971,429$1,839,532$1,324,629$4,434,831
61$5,427,538$1,878,692$1,318,028$4,805,313
62$5,928,565$1,918,166$1,309,599$5,211,667
63$6,479,041$1,957,918$1,299,233$5,657,516
64$7,083,956$1,997,909$1,286,810$6,146,852
65$7,748,810$2,038,098$1,272,209$6,684,074
66$8,479,662$2,078,438$1,255,301$7,274,029
67$9,283,186$2,118,879$1,235,952$7,922,058
68$10,166,734$2,159,368$1,214,020$8,634,048
69$11,138,410$2,199,845$1,189,358$9,416,484
70$12,207,138$2,240,248$1,161,812$10,276,516
71$13,382,754$2,280,509$1,131,221$11,222,020
72$14,676,094$2,320,552$1,097,415$12,261,677
73$16,099,095$2,360,299$1,060,218$13,405,053
74$17,664,913$2,399,663$1,019,446$14,662,689
75$19,388,041$2,438,554$974,904$16,046,203
76$21,284,449$2,476,871$926,391$17,568,398
77$23,371,734$2,514,508$873,697$19,243,383
78$25,669,284$2,551,353$816,599$21,086,705
79$28,198,464$2,587,282$754,868$23,115,499
80$30,982,814$2,622,166$688,263$25,348,648
81$34,048,274$2,655,864$616,532$27,806,961
82$37,423,424$2,688,228$539,412$30,513,371
83$41,139,760$2,719,098$456,629$33,493,150
84$45,231,985$2,748,303$367,896$36,774,149
85$49,738,340$2,775,663$272,913$40,387,061
86$54,700,963$2,800,983$171,368$44,365,711
87$60,166,287$2,824,057$62,935$48,747,375
88$66,185,478$2,844,665$0$53,573,132
89$72,814,916$2,862,573$0$58,897,263
90$80,116,731$2,877,532$0$64,772,700
91$88,159,383$2,889,277$0$71,243,731
92$97,018,314$2,897,526$0$78,371,013
93$106,776,657$2,901,979$0$86,221,386
94$117,526,018$2,902,319$0$94,868,509
95$129,367,346$2,898,206$0$104,393,551
96$142,411,880$2,889,283$0$114,885,958
97$156,782,202$2,875,168$0$126,444,298
98$172,613,393$2,855,458$0$139,177,190
99$190,054,306$2,829,722$0$153,204,332
100$209,268,975$2,797,508$0$168,657,628