Can I retire at age 44 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$102,398$101,486$100,596$99,727$98,879$95,638
2 years$50,692$49,748$48,833$47,946$47,085$43,850
3 years$33,459$32,511$31,598$30,719$29,873$26,746
4 years$24,844$23,899$22,995$22,132$21,306$18,311
5 years$19,677$18,737$17,845$16,999$16,196$13,342
6 years$16,233$15,300$14,422$13,594$12,815$10,103
7 years$13,774$12,849$11,985$11,177$10,422$7,853
8 years$11,930$11,014$10,164$9,376$8,646$6,217
9 years$10,497$9,590$8,754$7,986$7,282$4,989
10 years$9,352$8,453$7,632$6,884$6,204$4,046
11 years$8,415$7,525$6,719$5,991$5,336$3,307
12 years$7,635$6,754$5,963$5,255$4,624$2,721
13 years$6,975$6,104$5,328$4,640$4,032$2,250
14 years$6,410$5,548$4,787$4,118$3,535$1,868
15 years$5,921$5,068$4,322$3,673$3,112$1,556
16 years$5,494$4,650$3,918$3,289$2,750$1,299
17 years$5,117$4,283$3,566$2,955$2,439$1,088
18 years$4,782$3,957$3,255$2,663$2,168$912
19 years$4,483$3,668$2,980$2,406$1,933$766
20 years$4,214$3,408$2,735$2,179$1,726$644
21 years$3,971$3,174$2,515$1,978$1,545$543
22 years$3,751$2,963$2,318$1,798$1,385$457
23 years$3,550$2,771$2,141$1,638$1,243$386
24 years$3,366$2,597$1,980$1,494$1,117$325
25 years$3,197$2,437$1,834$1,364$1,005$275
26 years$3,041$2,290$1,701$1,247$906$232
27 years$2,897$2,155$1,579$1,142$817$196
28 years$2,764$2,031$1,468$1,046$737$166
29 years$2,640$1,916$1,366$959$665$140
30 years$2,524$1,810$1,272$880$601$119
31 years$2,416$1,711$1,186$809$543$100
32 years$2,315$1,619$1,107$743$492$85
33 years$2,221$1,533$1,033$683$445$72
34 years$2,132$1,453$966$629$403$61
35 years$2,048$1,378$903$579$365$51
36 years$1,969$1,308$844$533$331$43
37 years$1,895$1,242$790$491$300$37
38 years$1,825$1,180$740$453$272$31
39 years$1,758$1,123$693$417$246$26
40 years$1,695$1,068$650$385$223$22
41 years$1,635$1,017$609$355$203$19
42 years$1,579$968$572$328$184$16
43 years$1,525$922$536$303$167$14
44 years$1,473$879$504$279$152$11
45 years$1,424$839$473$258$138$10
46 years$1,378$800$444$238$125$8
47 years$1,333$763$417$220$113$7
48 years$1,290$729$392$203$103$6
49 years$1,250$696$369$188$94$5
50 years$1,211$665$346$174$85$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,240,000, adding $4,913 every year, while hoping to spend $25,332 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: 69/23/8 Blend
43$1,240,000$1,240,000$1,240,000$1,240,000
44$1,371,548$1,305,828$1,286,608$1,463,904
45$1,484,493$1,342,860$1,302,756$1,562,755
46$1,608,109$1,380,858$1,318,596$1,667,300
47$1,743,458$1,419,843$1,334,091$1,780,977
48$1,891,710$1,459,834$1,349,202$1,904,679
49$2,054,151$1,500,853$1,363,888$2,039,385
50$2,232,200$1,542,920$1,378,104$2,186,177
51$2,427,419$1,586,058$1,391,805$2,346,241
52$2,641,527$1,630,286$1,404,942$2,520,888
53$2,876,420$1,675,627$1,417,464$2,711,560
54$3,134,184$1,722,102$1,429,318$2,919,843
55$3,417,117$1,769,731$1,440,447$3,147,486
56$3,727,751$1,818,536$1,450,790$3,396,414
57$4,068,876$1,868,539$1,460,286$3,668,749
58$4,443,564$1,919,760$1,468,868$3,966,826
59$4,855,200$1,972,220$1,476,467$4,293,218
60$5,307,512$2,025,940$1,483,010$4,650,759
61$5,804,607$2,080,941$1,488,420$5,042,572
62$6,351,012$2,137,242$1,492,617$5,472,095
63$6,951,712$2,194,863$1,495,516$5,943,119
64$7,612,199$2,253,824$1,497,029$6,459,816
65$8,338,525$2,314,143$1,497,061$7,026,785
66$9,137,358$2,375,840$1,495,516$7,649,092
67$10,016,044$2,438,931$1,492,291$8,332,320
68$10,982,675$2,503,434$1,487,278$9,082,617
69$12,046,171$2,569,365$1,480,365$9,906,759
70$13,216,356$2,636,739$1,471,432$10,812,212
71$14,504,056$2,705,571$1,460,357$11,807,200
72$15,921,200$2,775,874$1,447,009$12,900,787
73$17,480,931$2,847,661$1,431,253$14,102,958
74$19,197,731$2,920,942$1,412,945$15,424,716
75$21,087,558$2,995,726$1,391,937$16,878,185
76$23,167,995$3,072,022$1,368,073$18,476,724
77$25,458,415$3,149,837$1,341,188$20,235,053
78$27,980,168$3,229,173$1,311,113$22,169,391
79$30,756,778$3,310,035$1,277,667$24,297,613
80$33,814,164$3,392,421$1,240,664$26,639,411
81$37,180,889$3,476,331$1,199,907$29,216,489
82$40,888,428$3,561,759$1,155,192$32,052,760
83$44,971,461$3,648,698$1,106,304$35,174,576
84$49,468,204$3,737,139$1,053,019$38,610,975
85$54,420,769$3,827,067$995,103$42,393,955
86$59,875,560$3,918,466$932,312$46,558,777
87$65,883,712$4,011,315$864,389$51,144,297
88$72,501,572$4,105,591$791,068$56,193,332
89$79,791,232$4,201,265$712,068$61,753,067
90$87,821,114$4,298,303$627,099$67,875,496
91$96,666,616$4,396,668$535,855$74,617,916
92$106,410,823$4,496,317$438,019$82,043,468
93$117,145,293$4,597,202$333,257$90,221,730
94$128,970,915$4,699,268$221,224$99,229,377
95$141,998,871$4,802,454$101,558$109,150,903
96$156,351,675$4,906,694$0$120,079,419
97$172,164,336$5,011,912$0$132,119,765
98$189,585,630$5,118,027$0$145,392,177
99$208,779,502$5,224,948$0$160,012,618
100$229,926,617$5,332,577$0$176,118,437