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

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$100,746$99,849$98,974$98,119$97,285$93,498
2 years$49,874$48,946$48,045$47,173$46,326$42,557
3 years$32,919$31,987$31,089$30,224$29,391$25,759
4 years$24,443$23,513$22,625$21,775$20,962$17,493
5 years$19,359$18,435$17,558$16,725$15,935$12,639
6 years$15,971$15,053$14,189$13,375$12,609$9,487
7 years$13,552$12,642$11,791$10,996$10,254$7,306
8 years$11,738$10,836$10,000$9,225$8,507$5,730
9 years$10,328$9,435$8,613$7,857$7,164$4,554
10 years$9,201$8,317$7,509$6,773$6,104$3,656
11 years$8,279$7,404$6,611$5,895$5,250$2,957
12 years$7,512$6,645$5,867$5,170$4,549$2,407
13 years$6,863$6,005$5,242$4,565$3,967$1,969
14 years$6,307$5,459$4,710$4,052$3,478$1,616
15 years$5,826$4,987$4,252$3,614$3,062$1,331
16 years$5,405$4,575$3,855$3,236$2,706$1,099
17 years$5,034$4,213$3,508$2,907$2,399$909
18 years$4,705$3,893$3,202$2,620$2,133$753
19 years$4,411$3,608$2,932$2,367$1,902$625
20 years$4,146$3,353$2,691$2,144$1,699$519
21 years$3,907$3,123$2,475$1,946$1,520$432
22 years$3,690$2,915$2,281$1,769$1,362$359
23 years$3,493$2,727$2,106$1,611$1,223$299
24 years$3,312$2,555$1,948$1,470$1,099$249
25 years$3,145$2,398$1,804$1,342$989$208
26 years$2,992$2,253$1,673$1,227$891$173
27 years$2,850$2,121$1,554$1,123$803$145
28 years$2,719$1,998$1,444$1,029$725$121
29 years$2,597$1,885$1,344$944$655$101
30 years$2,483$1,780$1,252$866$591$84
31 years$2,377$1,683$1,167$795$535$70
32 years$2,278$1,592$1,089$731$484$59
33 years$2,185$1,508$1,017$672$438$49
34 years$2,097$1,429$950$619$396$41
35 years$2,015$1,356$888$569$359$34
36 years$1,938$1,287$831$524$325$28
37 years$1,864$1,222$778$483$295$24
38 years$1,795$1,161$728$445$267$20
39 years$1,730$1,104$682$411$242$17
40 years$1,668$1,051$640$379$220$14
41 years$1,609$1,000$600$349$199$12
42 years$1,553$953$563$323$181$10
43 years$1,500$908$528$298$164$8
44 years$1,450$865$495$275$149$7
45 years$1,401$825$465$254$135$6
46 years$1,355$787$437$234$123$5
47 years$1,312$751$411$217$112$4
48 years$1,270$717$386$200$101$3
49 years$1,230$685$363$185$92$3
50 years$1,191$654$341$171$84$2

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 $4,664 every year, while hoping to spend $51,703 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: 78/16/6 Blend
43$1,220,000$1,220,000$1,220,000$1,220,000
44$1,349,251$1,284,591$1,265,681$1,453,423
45$1,431,863$1,292,524$1,253,070$1,530,331
46$1,521,168$1,299,114$1,238,303$1,607,439
47$1,617,796$1,304,238$1,221,254$1,690,459
48$1,722,435$1,307,770$1,201,791$1,779,954
49$1,835,846$1,309,573$1,179,773$1,876,545
50$1,958,863$1,309,503$1,155,056$1,980,916
51$2,092,405$1,307,406$1,127,488$2,093,822
52$2,237,480$1,303,119$1,096,909$2,216,094
53$2,395,200$1,296,469$1,063,152$2,348,647
54$2,566,786$1,287,272$1,026,044$2,492,490
55$2,753,583$1,275,333$985,401$2,648,734
56$2,957,071$1,260,447$941,035$2,818,606
57$3,178,877$1,242,394$892,744$3,003,455
58$3,420,794$1,220,942$840,322$3,204,770
59$3,684,792$1,195,845$783,550$3,424,191
60$3,973,043$1,166,844$722,201$3,663,528
61$4,287,936$1,133,663$656,038$3,924,772
62$4,632,103$1,096,009$584,812$4,210,122
63$5,008,438$1,053,574$508,264$4,521,998
64$5,420,131$1,006,032$426,123$4,863,071
65$5,870,693$953,036$338,107$5,236,282
66$6,363,990$894,221$243,920$5,644,877
67$6,904,280$829,201$143,254$6,092,430
68$7,496,251$757,566$35,788$6,582,884
69$8,145,067$678,885$0$7,120,584
70$8,856,414$592,700$0$7,715,371
71$9,636,556$498,530$0$8,370,247
72$10,492,391$395,865$0$9,088,764
73$11,431,518$284,165$0$9,877,362
74$12,462,306$162,863$0$10,743,140
75$13,593,975$31,357$0$11,693,922
76$14,836,681$0$0$12,738,332
77$16,201,610$0$0$13,905,413
78$17,701,087$0$0$15,193,647
79$19,348,689$0$0$16,609,182
80$21,159,371$0$0$18,164,874
81$23,149,613$0$0$19,874,885
82$25,337,566$0$0$21,754,819
83$27,743,232$0$0$23,821,867
84$30,388,645$0$0$26,094,967
85$33,298,081$0$0$28,594,986
86$36,498,288$0$0$31,344,914
87$40,018,736$0$0$34,370,083
88$43,891,895$0$0$37,698,400
89$48,153,540$0$0$41,360,616
90$52,843,090$0$0$45,390,613
91$58,003,978$0$0$49,825,724
92$63,684,060$0$0$54,707,081
93$69,936,065$0$0$60,080,009
94$76,818,097$0$0$65,994,450
95$84,394,175$0$0$72,505,432
96$92,734,843$0$0$79,673,589
97$101,917,832$0$0$87,565,735
98$112,028,793$0$0$96,255,492
99$123,162,105$0$0$105,823,982
100$135,421,766$0$0$116,360,597