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%16.5%
1 years$101,572$100,667$99,785$98,923$98,082$95,478
2 years$50,283$49,347$48,439$47,559$46,706$44,101
3 years$33,189$32,249$31,343$30,472$29,632$27,107
4 years$24,644$23,706$22,810$21,953$21,134$18,709
5 years$19,518$18,586$17,701$16,862$16,066$13,747
6 years$16,102$15,177$14,305$13,485$12,712$10,502
7 years$13,663$12,745$11,888$11,087$10,338$8,237
8 years$11,834$10,925$10,082$9,300$8,577$6,583
9 years$10,413$9,512$8,683$7,922$7,223$5,335
10 years$9,276$8,385$7,570$6,829$6,154$4,370
11 years$8,347$7,464$6,665$5,943$5,293$3,609
12 years$7,573$6,700$5,915$5,213$4,587$3,000
13 years$6,919$6,055$5,285$4,602$4,000$2,508
14 years$6,359$5,503$4,748$4,085$3,506$2,105
15 years$5,873$5,027$4,287$3,643$3,087$1,773
16 years$5,449$4,613$3,887$3,262$2,728$1,498
17 years$5,076$4,248$3,537$2,931$2,419$1,269
18 years$4,744$3,925$3,229$2,641$2,151$1,077
19 years$4,447$3,638$2,956$2,387$1,917$916
20 years$4,180$3,381$2,713$2,162$1,712$780
21 years$3,939$3,149$2,495$1,962$1,532$664
22 years$3,721$2,939$2,300$1,784$1,374$567
23 years$3,521$2,749$2,123$1,625$1,233$484
24 years$3,339$2,576$1,964$1,482$1,108$414
25 years$3,171$2,417$1,819$1,353$997$354
26 years$3,017$2,272$1,687$1,237$898$303
27 years$2,874$2,138$1,566$1,132$810$259
28 years$2,741$2,015$1,456$1,038$731$222
29 years$2,618$1,901$1,355$951$660$190
30 years$2,504$1,795$1,262$873$596$163
31 years$2,397$1,697$1,177$802$539$140
32 years$2,297$1,606$1,098$737$488$120
33 years$2,203$1,520$1,025$678$441$103
34 years$2,115$1,441$958$624$400$88
35 years$2,032$1,367$895$574$362$76
36 years$1,954$1,297$838$529$328$65
37 years$1,880$1,232$784$487$297$56
38 years$1,810$1,171$734$449$269$48
39 years$1,744$1,113$688$414$244$41
40 years$1,682$1,059$645$382$222$35
41 years$1,622$1,008$605$352$201$30
42 years$1,566$960$567$325$182$26
43 years$1,512$915$532$300$166$22
44 years$1,461$872$500$277$150$19
45 years$1,413$832$469$256$136$16
46 years$1,366$793$441$236$124$14
47 years$1,322$757$414$218$112$12
48 years$1,280$723$389$202$102$10
49 years$1,240$690$366$187$93$9
50 years$1,201$659$344$172$84$8

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 $4,539 every year, while hoping to spend $25,659 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: 43/36/21 Blend
43$1,230,000$1,230,000$1,230,000$1,230,000
44$1,360,142$1,294,952$1,275,887$1,410,134
45$1,471,575$1,331,104$1,291,328$1,482,133
46$1,593,515$1,368,167$1,306,427$1,557,248
47$1,727,006$1,406,159$1,321,144$1,638,106
48$1,873,197$1,445,098$1,335,439$1,725,251
49$2,033,357$1,485,001$1,349,270$1,819,279
50$2,208,878$1,525,885$1,362,590$1,920,849
51$2,401,299$1,567,769$1,375,352$2,030,685
52$2,612,311$1,610,669$1,387,506$2,149,585
53$2,843,778$1,654,603$1,398,998$2,278,426
54$3,097,752$1,699,587$1,409,773$2,418,177
55$3,376,495$1,745,639$1,419,773$2,569,901
56$3,682,497$1,792,774$1,428,934$2,734,772
57$4,018,501$1,841,010$1,437,193$2,914,082
58$4,387,530$1,890,361$1,444,481$3,109,254
59$4,792,913$1,940,844$1,450,726$3,321,857
60$5,238,317$1,992,472$1,455,853$3,553,617
61$5,727,784$2,045,261$1,459,781$3,806,437
62$6,265,763$2,099,225$1,462,430$4,082,414
63$6,857,159$2,154,375$1,463,709$4,383,858
64$7,507,375$2,210,725$1,463,529$4,713,313
65$8,222,362$2,268,286$1,461,792$5,073,583
66$9,008,679$2,327,068$1,458,399$5,467,759
67$9,873,551$2,387,081$1,453,241$5,899,244
68$10,824,938$2,448,333$1,446,210$6,371,790
69$11,871,612$2,510,831$1,437,189$6,889,531
70$13,023,237$2,574,582$1,426,054$7,457,022
71$14,290,459$2,639,589$1,412,680$8,079,283
72$15,685,013$2,705,855$1,396,931$8,761,845
73$17,219,823$2,773,382$1,378,668$9,510,803
74$18,909,136$2,842,168$1,357,743$10,332,876
75$20,768,644$2,912,210$1,334,004$11,235,466
76$22,815,641$2,983,504$1,307,289$12,226,731
77$25,069,183$3,056,042$1,277,429$13,315,662
78$27,550,266$3,129,815$1,244,249$14,512,165
79$30,282,026$3,204,809$1,207,565$15,827,160
80$33,289,958$3,281,009$1,167,183$17,272,679
81$36,602,152$3,358,397$1,122,902$18,861,984
82$40,249,563$3,436,950$1,074,511$20,609,689
83$44,266,301$3,516,643$1,021,790$22,531,899
84$48,689,952$3,597,447$964,508$24,646,364
85$53,561,932$3,679,327$902,424$26,972,645
86$58,927,881$3,762,246$835,287$29,532,300
87$64,838,090$3,846,161$762,834$32,349,086
88$71,347,976$3,931,024$684,790$35,449,187
89$78,518,607$4,016,782$600,868$38,861,458
90$86,417,277$4,103,375$510,769$42,617,699
91$95,118,138$4,190,740$414,179$46,752,956
92$104,702,906$4,278,804$310,772$51,305,853
93$115,261,626$4,367,489$200,206$56,318,955
94$126,893,524$4,456,709$82,126$61,839,173
95$139,707,946$4,546,369$0$67,918,205
96$153,825,383$4,636,369$0$74,622,858
97$169,378,617$4,726,595$0$82,026,365
98$186,513,967$4,816,929$0$90,179,595
99$205,392,673$4,907,240$0$99,158,903
100$226,192,416$4,997,385$0$109,048,430