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%14.4%
1 years$99,921$99,031$98,162$97,315$96,487$94,733
2 years$49,466$48,544$47,652$46,786$45,946$44,185
3 years$32,650$31,724$30,834$29,976$29,150$27,437
4 years$24,243$23,321$22,439$21,596$20,790$19,138
5 years$19,201$18,284$17,414$16,588$15,804$14,218
6 years$15,840$14,930$14,073$13,265$12,505$10,987
7 years$13,441$12,538$11,695$10,906$10,170$8,720
8 years$11,642$10,748$9,918$9,149$8,437$7,055
9 years$10,243$9,358$8,542$7,793$7,105$5,790
10 years$9,125$8,248$7,447$6,718$6,054$4,804
11 years$8,211$7,343$6,557$5,846$5,207$4,021
12 years$7,450$6,591$5,819$5,128$4,512$3,389
13 years$6,806$5,956$5,199$4,527$3,935$2,873
14 years$6,255$5,414$4,671$4,019$3,449$2,446
15 years$5,778$4,946$4,217$3,584$3,037$2,091
16 years$5,361$4,538$3,824$3,209$2,684$1,793
17 years$4,993$4,179$3,479$2,883$2,380$1,542
18 years$4,667$3,862$3,176$2,599$2,116$1,329
19 years$4,375$3,579$2,908$2,348$1,886$1,148
20 years$4,112$3,326$2,668$2,127$1,685$993
21 years$3,875$3,098$2,455$1,930$1,508$860
22 years$3,660$2,892$2,262$1,755$1,351$746
23 years$3,464$2,704$2,089$1,598$1,213$647
24 years$3,285$2,534$1,932$1,458$1,090$563
25 years$3,120$2,378$1,789$1,331$981$489
26 years$2,968$2,235$1,659$1,217$884$426
27 years$2,827$2,103$1,541$1,114$797$371
28 years$2,697$1,982$1,432$1,021$719$323
29 years$2,576$1,870$1,333$936$649$281
30 years$2,463$1,766$1,242$859$587$245
31 years$2,358$1,669$1,158$789$530$214
32 years$2,259$1,579$1,080$725$480$187
33 years$2,167$1,496$1,008$667$434$163
34 years$2,080$1,418$942$613$393$142
35 years$1,999$1,345$881$565$356$124
36 years$1,922$1,276$824$520$323$108
37 years$1,849$1,212$771$479$292$95
38 years$1,781$1,152$722$442$265$83
39 years$1,716$1,095$677$407$240$72
40 years$1,654$1,042$634$376$218$63
41 years$1,596$992$595$347$198$55
42 years$1,541$945$558$320$179$48
43 years$1,488$900$524$295$163$42
44 years$1,438$858$491$273$148$37
45 years$1,390$818$461$252$134$32
46 years$1,344$781$433$233$122$28
47 years$1,301$745$407$215$111$25
48 years$1,259$711$383$199$100$21
49 years$1,219$679$360$183$91$19
50 years$1,181$649$338$170$83$16

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 $6,591 every year, while hoping to spend $32,023 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: 44/36/20 Blend
43$1,210,000$1,210,000$1,210,000$1,210,000
44$1,340,219$1,276,089$1,257,334$1,391,168
45$1,442,849$1,304,545$1,265,382$1,456,170
46$1,554,874$1,333,322$1,272,627$1,522,928
47$1,677,218$1,362,402$1,279,007$1,594,627
48$1,810,900$1,391,765$1,284,459$1,671,742
49$1,957,039$1,421,389$1,288,916$1,754,792
50$2,116,870$1,451,250$1,292,308$1,844,352
51$2,291,750$1,481,320$1,294,559$1,941,056
52$2,483,175$1,511,571$1,295,593$2,045,601
53$2,692,791$1,541,971$1,295,329$2,158,758
54$2,922,414$1,572,485$1,293,679$2,281,375
55$3,174,038$1,603,076$1,290,556$2,414,387
56$3,449,865$1,633,701$1,285,865$2,558,827
57$3,752,317$1,664,318$1,279,507$2,715,832
58$4,084,061$1,694,878$1,271,378$2,886,657
59$4,448,037$1,725,329$1,261,371$3,072,684
60$4,847,482$1,755,615$1,249,373$3,275,439
61$5,285,962$1,785,676$1,235,263$3,496,602
62$5,767,403$1,815,448$1,218,917$3,738,030
63$6,296,133$1,844,859$1,200,206$4,001,766
64$6,876,918$1,873,837$1,178,992$4,290,065
65$7,515,008$1,902,299$1,155,132$4,605,412
66$8,216,187$1,930,160$1,128,478$4,950,550
67$8,986,828$1,957,328$1,098,872$5,328,502
68$9,833,951$1,983,704$1,066,151$5,742,599
69$10,765,291$2,009,182$1,030,143$6,196,517
70$11,789,368$2,033,649$990,670$6,694,308
71$12,915,570$2,056,984$947,544$7,240,441
72$14,154,241$2,079,059$900,570$7,839,841
73$15,516,776$2,099,737$849,542$8,497,940
74$17,015,733$2,118,869$794,247$9,220,727
75$18,664,945$2,136,301$734,462$10,014,805
76$20,479,655$2,151,866$669,952$10,887,453
77$22,476,659$2,165,386$600,474$11,846,699
78$24,674,461$2,176,673$525,773$12,901,392
79$27,093,453$2,185,526$445,583$14,061,288
80$29,756,101$2,191,733$359,626$15,337,142
81$32,687,161$2,195,066$267,611$16,740,814
82$35,913,911$2,195,284$169,236$18,285,375
83$39,466,409$2,192,131$64,184$19,985,240
84$43,377,773$2,185,337$0$21,856,295
85$47,684,499$2,174,611$0$23,926,284
86$52,426,801$2,159,650$0$26,219,571
87$57,648,989$2,140,127$0$28,743,807
88$63,399,892$2,115,700$0$31,522,537
89$69,733,315$2,086,003$0$34,581,713
90$76,708,546$2,050,649$0$37,949,934
91$84,390,916$2,009,230$0$41,658,725
92$92,852,419$1,961,312$0$45,742,828
93$102,172,384$1,906,434$0$50,240,535
94$112,438,230$1,844,112$0$55,194,049
95$123,746,286$1,773,831$0$60,649,884
96$136,202,704$1,695,045$0$66,659,303
97$149,924,457$1,607,179$0$73,278,807
98$165,040,444$1,509,624$0$80,570,666
99$181,692,709$1,401,735$0$88,603,510
100$200,037,776$1,282,830$0$97,452,975