Can I retire at age 44 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$101,572$100,667$99,785$98,923$98,082$94,302
2 years$50,283$49,347$48,439$47,559$46,706$42,943
3 years$33,189$32,249$31,343$30,472$29,632$26,004
4 years$24,644$23,706$22,810$21,953$21,134$17,669
5 years$19,518$18,586$17,701$16,862$16,066$12,772
6 years$16,102$15,177$14,305$13,485$12,712$9,593
7 years$13,663$12,745$11,888$11,087$10,338$7,392
8 years$11,834$10,925$10,082$9,300$8,577$5,801
9 years$10,413$9,512$8,683$7,922$7,223$4,613
10 years$9,276$8,385$7,570$6,829$6,154$3,705
11 years$8,347$7,464$6,665$5,943$5,293$2,999
12 years$7,573$6,700$5,915$5,213$4,587$2,443
13 years$6,919$6,055$5,285$4,602$4,000$1,999
14 years$6,359$5,503$4,748$4,085$3,506$1,643
15 years$5,873$5,027$4,287$3,643$3,087$1,354
16 years$5,449$4,613$3,887$3,262$2,728$1,118
17 years$5,076$4,248$3,537$2,931$2,419$926
18 years$4,744$3,925$3,229$2,641$2,151$768
19 years$4,447$3,638$2,956$2,387$1,917$638
20 years$4,180$3,381$2,713$2,162$1,712$530
21 years$3,939$3,149$2,495$1,962$1,532$441
22 years$3,721$2,939$2,300$1,784$1,374$367
23 years$3,521$2,749$2,123$1,625$1,233$306
24 years$3,339$2,576$1,964$1,482$1,108$255
25 years$3,171$2,417$1,819$1,353$997$213
26 years$3,017$2,272$1,687$1,237$898$178
27 years$2,874$2,138$1,566$1,132$810$148
28 years$2,741$2,015$1,456$1,038$731$124
29 years$2,618$1,901$1,355$951$660$104
30 years$2,504$1,795$1,262$873$596$86
31 years$2,397$1,697$1,177$802$539$72
32 years$2,297$1,606$1,098$737$488$60
33 years$2,203$1,520$1,025$678$441$50
34 years$2,115$1,441$958$624$400$42
35 years$2,032$1,367$895$574$362$35
36 years$1,954$1,297$838$529$328$29
37 years$1,880$1,232$784$487$297$25
38 years$1,810$1,171$734$449$269$21
39 years$1,744$1,113$688$414$244$17
40 years$1,682$1,059$645$382$222$14
41 years$1,622$1,008$605$352$201$12
42 years$1,566$960$567$325$182$10
43 years$1,512$915$532$300$166$8
44 years$1,461$872$500$277$150$7
45 years$1,413$832$469$256$136$6
46 years$1,366$793$441$236$124$5
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$3
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,230,000, adding $5,201 every year, while hoping to spend $23,022 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: 43/32/25 Blend
43$1,230,000$1,230,000$1,230,000$1,230,000
44$1,360,825$1,295,635$1,276,570$1,409,229
45$1,475,134$1,334,626$1,294,840$1,483,232
46$1,600,331$1,374,756$1,312,950$1,560,760
47$1,737,502$1,416,056$1,330,871$1,644,308
48$1,887,843$1,458,559$1,348,572$1,734,445
49$2,052,672$1,502,298$1,366,018$1,831,799
50$2,233,441$1,547,306$1,383,176$1,937,059
51$2,431,747$1,593,619$1,400,007$2,050,984
52$2,649,351$1,641,272$1,416,473$2,174,412
53$2,888,191$1,690,301$1,432,531$2,308,261
54$3,150,404$1,740,744$1,448,139$2,453,546
55$3,438,344$1,792,638$1,463,250$2,611,382
56$3,754,600$1,846,023$1,477,814$2,782,998
57$4,102,030$1,900,939$1,491,781$2,969,748
58$4,483,778$1,957,426$1,505,097$3,173,121
59$4,903,310$2,015,526$1,517,704$3,394,759
60$5,364,442$2,075,281$1,529,542$3,636,470
61$5,871,382$2,136,737$1,540,548$3,900,244
62$6,428,762$2,199,936$1,550,655$4,188,277
63$7,041,687$2,264,924$1,559,794$4,502,983
64$7,715,782$2,331,749$1,567,891$4,847,025
65$8,457,245$2,400,457$1,574,867$5,223,335
66$9,272,901$2,471,097$1,580,643$5,635,144
67$10,170,275$2,543,718$1,585,132$6,086,011
68$11,157,654$2,618,371$1,588,245$6,579,858
69$12,244,171$2,695,108$1,589,888$7,121,006
70$13,439,888$2,773,980$1,589,961$7,714,214
71$14,755,894$2,855,042$1,588,361$8,364,727
72$16,204,403$2,938,348$1,584,980$9,078,326
73$17,798,878$3,023,953$1,579,703$9,861,377
74$19,554,151$3,111,914$1,572,410$10,720,898
75$21,486,565$3,202,288$1,562,976$11,664,620
76$23,614,129$3,295,134$1,551,270$12,701,062
77$25,956,686$3,390,511$1,537,153$13,839,612
78$28,536,102$3,488,481$1,520,482$15,090,615
79$31,376,471$3,589,103$1,501,105$16,465,468
80$34,504,344$3,692,442$1,478,865$17,976,734
81$37,948,974$3,798,559$1,453,594$19,638,254
82$41,742,600$3,907,519$1,425,121$21,465,281
83$45,920,746$4,019,388$1,393,262$23,474,623
84$50,522,555$4,134,230$1,357,829$25,684,802
85$55,591,162$4,252,114$1,318,623$28,116,229
86$61,174,099$4,373,106$1,275,435$30,791,396
87$67,323,743$4,497,275$1,228,049$33,735,091
88$74,097,813$4,624,690$1,176,237$36,974,628
89$81,559,910$4,755,419$1,119,761$40,540,108
90$89,780,121$4,889,535$1,058,372$44,464,701
91$98,835,678$5,027,107$991,812$48,784,961
92$108,811,688$5,168,206$919,809$53,541,172
93$119,801,936$5,312,904$842,079$58,777,725
94$131,909,771$5,461,274$758,326$64,543,541
95$145,249,078$5,613,386$668,240$70,892,529
96$159,945,356$5,769,315$571,499$77,884,101
97$176,136,902$5,929,131$467,764$85,583,727
98$193,976,115$6,092,908$356,683$94,063,555
99$213,630,936$6,260,717$237,888$103,403,096
100$235,286,429$6,432,630$110,996$113,689,970