Can I retire at age 44 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$100,746$99,849$98,974$98,119$97,285$95,165
2 years$49,874$48,946$48,045$47,173$46,326$44,201
3 years$32,919$31,987$31,089$30,224$29,391$27,327
4 years$24,443$23,513$22,625$21,775$20,962$18,975
5 years$19,359$18,435$17,558$16,725$15,935$14,031
6 years$15,971$15,053$14,189$13,375$12,609$10,789
7 years$13,552$12,642$11,791$10,996$10,254$8,520
8 years$11,738$10,836$10,000$9,225$8,507$6,857
9 years$10,328$9,435$8,613$7,857$7,164$5,597
10 years$9,201$8,317$7,509$6,773$6,104$4,619
11 years$8,279$7,404$6,611$5,895$5,250$3,844
12 years$7,512$6,645$5,867$5,170$4,549$3,221
13 years$6,863$6,005$5,242$4,565$3,967$2,714
14 years$6,307$5,459$4,710$4,052$3,478$2,297
15 years$5,826$4,987$4,252$3,614$3,062$1,951
16 years$5,405$4,575$3,855$3,236$2,706$1,663
17 years$5,034$4,213$3,508$2,907$2,399$1,421
18 years$4,705$3,893$3,202$2,620$2,133$1,216
19 years$4,411$3,608$2,932$2,367$1,902$1,043
20 years$4,146$3,353$2,691$2,144$1,699$896
21 years$3,907$3,123$2,475$1,946$1,520$771
22 years$3,690$2,915$2,281$1,769$1,362$664
23 years$3,493$2,727$2,106$1,611$1,223$573
24 years$3,312$2,555$1,948$1,470$1,099$494
25 years$3,145$2,398$1,804$1,342$989$427
26 years$2,992$2,253$1,673$1,227$891$369
27 years$2,850$2,121$1,554$1,123$803$319
28 years$2,719$1,998$1,444$1,029$725$275
29 years$2,597$1,885$1,344$944$655$238
30 years$2,483$1,780$1,252$866$591$206
31 years$2,377$1,683$1,167$795$535$179
32 years$2,278$1,592$1,089$731$484$155
33 years$2,185$1,508$1,017$672$438$134
34 years$2,097$1,429$950$619$396$116
35 years$2,015$1,356$888$569$359$100
36 years$1,938$1,287$831$524$325$87
37 years$1,864$1,222$778$483$295$75
38 years$1,795$1,161$728$445$267$65
39 years$1,730$1,104$682$411$242$57
40 years$1,668$1,051$640$379$220$49
41 years$1,609$1,000$600$349$199$43
42 years$1,553$953$563$323$181$37
43 years$1,500$908$528$298$164$32
44 years$1,450$865$495$275$149$28
45 years$1,401$825$465$254$135$24
46 years$1,355$787$437$234$123$21
47 years$1,312$751$411$217$112$18
48 years$1,270$717$386$200$101$16
49 years$1,230$685$363$185$92$14
50 years$1,191$654$341$171$84$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,220,000, adding $6,766 every year, while hoping to spend $28,695 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: 84/9/7 Blend
43$1,220,000$1,220,000$1,220,000$1,220,000
44$1,351,419$1,286,759$1,267,849$1,463,542
45$1,458,733$1,319,279$1,279,791$1,570,281
46$1,576,030$1,352,431$1,291,171$1,682,904
47$1,704,300$1,386,215$1,301,940$1,805,701
48$1,844,631$1,420,631$1,312,047$1,939,677
49$1,998,219$1,455,678$1,321,436$2,085,936
50$2,166,385$1,491,354$1,330,052$2,245,696
51$2,350,581$1,527,655$1,337,833$2,420,296
52$2,552,406$1,564,576$1,344,716$2,611,213
53$2,773,622$1,602,111$1,350,635$2,820,071
54$3,016,170$1,640,253$1,355,520$3,048,661
55$3,282,187$1,678,992$1,359,297$3,298,955
56$3,574,025$1,718,318$1,361,889$3,573,126
57$3,894,279$1,758,219$1,363,215$3,873,566
58$4,245,803$1,798,679$1,363,191$4,202,912
59$4,631,743$1,839,683$1,361,726$4,564,067
60$5,055,564$1,881,211$1,358,727$4,960,231
61$5,521,084$1,923,242$1,354,097$5,394,928
62$6,032,507$1,965,753$1,347,731$5,872,041
63$6,594,466$2,008,718$1,339,523$6,395,848
64$7,212,064$2,052,108$1,329,360$6,971,063
65$7,890,923$2,095,890$1,317,122$7,602,877
66$8,637,237$2,140,029$1,302,686$8,297,014
67$9,457,831$2,184,486$1,285,922$9,059,776
68$10,360,223$2,229,219$1,266,693$9,898,110
69$11,352,696$2,274,181$1,244,858$10,819,669
70$12,444,377$2,319,321$1,220,266$11,832,886
71$13,645,321$2,364,586$1,192,763$12,947,052
72$14,966,607$2,409,914$1,162,184$14,172,407
73$16,420,442$2,455,241$1,128,358$15,520,231
74$18,020,277$2,500,498$1,091,108$17,002,956
75$19,780,931$2,545,608$1,050,246$18,634,279
76$21,718,733$2,590,489$1,005,576$20,429,295
77$23,851,676$2,635,055$956,895$22,404,635
78$26,199,584$2,679,210$903,988$24,578,627
79$28,784,302$2,722,852$846,632$26,971,467
80$31,629,901$2,765,872$784,594$29,605,410
81$34,762,903$2,808,152$717,631$32,504,978
82$38,212,534$2,849,567$645,486$35,697,195
83$42,010,998$2,889,981$567,896$39,211,839
84$46,193,780$2,929,250$484,580$43,081,726
85$50,799,982$2,967,220$395,250$47,343,015
86$55,872,692$3,003,725$299,602$52,035,555
87$61,459,388$3,038,589$197,320$57,203,256
88$67,612,388$3,071,623$88,074$62,894,508
89$74,389,346$3,102,626$0$69,162,634
90$81,853,788$3,131,384$0$76,068,525
91$90,075,721$3,157,668$0$83,681,963
92$99,132,285$3,181,234$0$92,067,749
93$109,108,487$3,201,824$0$101,304,547
94$120,098,001$3,219,161$0$111,479,042
95$132,204,049$3,232,952$0$122,686,759
96$145,540,379$3,242,884$0$135,032,962
97$160,232,338$3,248,625$0$148,633,650
98$176,418,052$3,249,824$0$163,616,652
99$194,249,733$3,246,104$0$180,122,831
100$213,895,111$3,237,069$0$198,307,415