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

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$101,572$100,667$99,785$98,923$98,082$95,018
2 years$50,283$49,347$48,439$47,559$46,706$43,646
3 years$33,189$32,249$31,343$30,472$29,632$26,673
4 years$24,644$23,706$22,810$21,953$21,134$18,298
5 years$19,518$18,586$17,701$16,862$16,066$13,360
6 years$16,102$15,177$14,305$13,485$12,712$10,140
7 years$13,663$12,745$11,888$11,087$10,338$7,899
8 years$11,834$10,925$10,082$9,300$8,577$6,268
9 years$10,413$9,512$8,683$7,922$7,223$5,043
10 years$9,276$8,385$7,570$6,829$6,154$4,100
11 years$8,347$7,464$6,665$5,943$5,293$3,360
12 years$7,573$6,700$5,915$5,213$4,587$2,771
13 years$6,919$6,055$5,285$4,602$4,000$2,298
14 years$6,359$5,503$4,748$4,085$3,506$1,913
15 years$5,873$5,027$4,287$3,643$3,087$1,598
16 years$5,449$4,613$3,887$3,262$2,728$1,338
17 years$5,076$4,248$3,537$2,931$2,419$1,124
18 years$4,744$3,925$3,229$2,641$2,151$945
19 years$4,447$3,638$2,956$2,387$1,917$796
20 years$4,180$3,381$2,713$2,162$1,712$672
21 years$3,939$3,149$2,495$1,962$1,532$567
22 years$3,721$2,939$2,300$1,784$1,374$480
23 years$3,521$2,749$2,123$1,625$1,233$406
24 years$3,339$2,576$1,964$1,482$1,108$343
25 years$3,171$2,417$1,819$1,353$997$291
26 years$3,017$2,272$1,687$1,237$898$247
27 years$2,874$2,138$1,566$1,132$810$209
28 years$2,741$2,015$1,456$1,038$731$177
29 years$2,618$1,901$1,355$951$660$150
30 years$2,504$1,795$1,262$873$596$128
31 years$2,397$1,697$1,177$802$539$108
32 years$2,297$1,606$1,098$737$488$92
33 years$2,203$1,520$1,025$678$441$78
34 years$2,115$1,441$958$624$400$66
35 years$2,032$1,367$895$574$362$56
36 years$1,954$1,297$838$529$328$48
37 years$1,880$1,232$784$487$297$41
38 years$1,810$1,171$734$449$269$34
39 years$1,744$1,113$688$414$244$29
40 years$1,682$1,059$645$382$222$25
41 years$1,622$1,008$605$352$201$21
42 years$1,566$960$567$325$182$18
43 years$1,512$915$532$300$166$15
44 years$1,461$872$500$277$150$13
45 years$1,413$832$469$256$136$11
46 years$1,366$793$441$236$124$9
47 years$1,322$757$414$218$112$8
48 years$1,280$723$389$202$102$7
49 years$1,240$690$366$187$93$6
50 years$1,201$659$344$172$84$5

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 $5,793 every year, while hoping to spend $47,320 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: 52/33/15 Blend
43$1,230,000$1,230,000$1,230,000$1,230,000
44$1,361,435$1,296,245$1,277,180$1,426,430
45$1,449,954$1,309,413$1,269,618$1,484,721
46$1,545,915$1,321,641$1,260,216$1,542,604
47$1,650,028$1,332,831$1,248,863$1,604,500
48$1,763,074$1,342,882$1,235,443$1,670,804
49$1,885,909$1,351,685$1,219,832$1,741,950
50$2,019,478$1,359,124$1,201,903$1,818,420
51$2,164,820$1,365,076$1,181,521$1,900,744
52$2,323,076$1,369,409$1,158,546$1,989,511
53$2,495,503$1,371,984$1,132,831$2,085,370
54$2,683,485$1,372,652$1,104,222$2,189,038
55$2,888,545$1,371,256$1,072,558$2,301,310
56$3,112,359$1,367,630$1,037,671$2,423,060
57$3,356,770$1,361,595$999,384$2,555,259
58$3,623,811$1,352,963$957,513$2,698,976
59$3,915,716$1,341,534$911,866$2,855,393
60$4,234,947$1,327,098$862,242$3,025,816
61$4,584,215$1,309,428$808,430$3,211,689
62$4,966,502$1,288,288$750,210$3,414,605
63$5,385,096$1,263,425$687,353$3,636,324
64$5,843,615$1,234,572$619,618$3,878,791
65$6,346,044$1,201,446$546,756$4,144,153
66$6,896,772$1,163,748$468,503$4,434,779
67$7,500,632$1,121,161$384,587$4,753,290
68$8,162,948$1,073,350$294,722$5,102,574
69$8,889,583$1,019,959$198,610$5,485,823
70$9,686,997$960,613$95,940$5,906,561
71$10,562,304$894,916$0$6,368,676
72$11,523,339$822,447$0$6,878,643
73$12,578,736$742,763$0$7,455,548
74$13,738,004$655,396$0$8,089,306
75$15,011,619$559,849$0$8,785,747
76$16,411,122$455,598$0$9,551,305
77$17,949,225$342,092$0$10,393,072
78$19,639,936$218,745$0$11,318,873
79$21,498,687$84,940$0$12,337,335
80$23,542,477$0$0$13,457,976
81$25,790,039$0$0$14,713,070
82$28,262,008$0$0$16,127,538
83$30,981,121$0$0$17,683,566
84$33,972,430$0$0$19,395,505
85$37,263,536$0$0$21,279,171
86$40,884,852$0$0$23,351,988
87$44,869,885$0$0$25,633,157
88$49,255,558$0$0$28,143,832
89$54,082,551$0$0$30,907,322
90$59,395,689$0$0$33,949,312
91$65,244,364$0$0$37,298,103
92$71,682,999$0$0$40,984,878
93$78,771,561$0$0$45,043,999
94$86,576,129$0$0$49,513,328
95$95,169,514$0$0$54,434,586
96$104,631,947$0$0$59,853,746
97$115,051,834$0$0$65,821,465
98$126,526,594$0$0$72,393,565
99$139,163,574$0$0$79,631,556
100$153,081,060$0$0$87,603,218