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%12.8%
1 years$102,398$101,486$100,596$99,727$98,879$97,725
2 years$50,692$49,748$48,833$47,946$47,085$45,923
3 years$33,459$32,511$31,598$30,719$29,873$28,739
4 years$24,844$23,899$22,995$22,132$21,306$20,209
5 years$19,677$18,737$17,845$16,999$16,196$15,140
6 years$16,233$15,300$14,422$13,594$12,815$11,801
7 years$13,774$12,849$11,985$11,177$10,422$9,450
8 years$11,930$11,014$10,164$9,376$8,646$7,717
9 years$10,497$9,590$8,754$7,986$7,282$6,393
10 years$9,352$8,453$7,632$6,884$6,204$5,357
11 years$8,415$7,525$6,719$5,991$5,336$4,529
12 years$7,635$6,754$5,963$5,255$4,624$3,857
13 years$6,975$6,104$5,328$4,640$4,032$3,304
14 years$6,410$5,548$4,787$4,118$3,535$2,843
15 years$5,921$5,068$4,322$3,673$3,112$2,457
16 years$5,494$4,650$3,918$3,289$2,750$2,131
17 years$5,117$4,283$3,566$2,955$2,439$1,853
18 years$4,782$3,957$3,255$2,663$2,168$1,616
19 years$4,483$3,668$2,980$2,406$1,933$1,412
20 years$4,214$3,408$2,735$2,179$1,726$1,236
21 years$3,971$3,174$2,515$1,978$1,545$1,083
22 years$3,751$2,963$2,318$1,798$1,385$951
23 years$3,550$2,771$2,141$1,638$1,243$836
24 years$3,366$2,597$1,980$1,494$1,117$736
25 years$3,197$2,437$1,834$1,364$1,005$648
26 years$3,041$2,290$1,701$1,247$906$571
27 years$2,897$2,155$1,579$1,142$817$504
28 years$2,764$2,031$1,468$1,046$737$444
29 years$2,640$1,916$1,366$959$665$392
30 years$2,524$1,810$1,272$880$601$347
31 years$2,416$1,711$1,186$809$543$306
32 years$2,315$1,619$1,107$743$492$271
33 years$2,221$1,533$1,033$683$445$239
34 years$2,132$1,453$966$629$403$212
35 years$2,048$1,378$903$579$365$187
36 years$1,969$1,308$844$533$331$166
37 years$1,895$1,242$790$491$300$147
38 years$1,825$1,180$740$453$272$130
39 years$1,758$1,123$693$417$246$115
40 years$1,695$1,068$650$385$223$102
41 years$1,635$1,017$609$355$203$90
42 years$1,579$968$572$328$184$80
43 years$1,525$922$536$303$167$71
44 years$1,473$879$504$279$152$63
45 years$1,424$839$473$258$138$56
46 years$1,378$800$444$238$125$49
47 years$1,333$763$417$220$113$44
48 years$1,290$729$392$203$103$39
49 years$1,250$696$369$188$94$34
50 years$1,211$665$346$174$85$30

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 $6,836 every year, while hoping to spend $27,298 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: 76/17/7 Blend
43$1,240,000$1,240,000$1,240,000$1,240,000
44$1,373,531$1,307,811$1,288,591$1,476,183
45$1,484,587$1,342,849$1,302,714$1,579,648
46$1,606,055$1,378,689$1,316,395$1,688,842
47$1,738,969$1,415,341$1,329,591$1,807,734
48$1,884,467$1,452,816$1,342,256$1,937,276
49$2,043,801$1,491,123$1,354,340$2,078,516
50$2,218,352$1,530,271$1,365,794$2,232,607
51$2,409,639$1,570,269$1,376,562$2,400,820
52$2,619,335$1,611,125$1,386,590$2,584,553
53$2,849,283$1,652,846$1,395,817$2,785,347
54$3,101,513$1,695,439$1,404,180$3,004,899
55$3,378,261$1,738,910$1,411,614$3,245,077
56$3,681,990$1,783,263$1,418,049$3,507,942
57$4,015,413$1,828,502$1,423,414$3,795,759
58$4,381,517$1,874,631$1,427,630$4,111,026
59$4,783,594$1,921,650$1,430,618$4,456,496
60$5,225,271$1,969,561$1,432,294$4,835,200
61$5,710,543$2,018,364$1,432,570$5,250,475
62$6,243,809$2,068,054$1,431,352$5,706,002
63$6,829,918$2,118,630$1,428,543$6,205,833
64$7,474,212$2,170,084$1,424,041$6,754,433
65$8,182,574$2,222,411$1,417,739$7,356,721
66$8,961,487$2,275,600$1,409,524$8,018,118
67$9,818,096$2,329,641$1,399,280$8,744,595
68$10,760,268$2,384,520$1,386,882$9,542,732
69$11,796,674$2,440,221$1,372,202$10,419,779
70$12,936,868$2,496,725$1,355,104$11,383,724
71$14,191,376$2,554,011$1,335,446$12,443,368
72$15,571,793$2,612,055$1,313,081$13,608,409
73$17,090,900$2,670,829$1,287,853$14,889,534
74$18,762,775$2,730,304$1,259,600$16,298,517
75$20,602,933$2,790,443$1,228,151$17,848,334
76$22,628,467$2,851,209$1,193,329$19,553,281
77$24,858,212$2,912,560$1,154,947$21,429,112
78$27,312,923$2,974,449$1,112,811$23,493,188
79$30,015,469$3,036,825$1,066,718$25,764,637
80$32,991,048$3,099,630$1,016,454$28,264,540
81$36,267,427$3,162,804$961,798$31,016,123
82$39,875,203$3,226,280$902,516$34,044,985
83$43,848,089$3,289,983$838,366$37,379,330
84$48,223,236$3,353,835$769,093$41,050,241
85$53,041,582$3,417,748$694,434$45,091,969
86$58,348,236$3,481,631$614,110$49,542,258
87$64,192,906$3,545,380$527,832$54,442,700
88$70,630,366$3,608,887$435,298$59,839,129
89$77,720,975$3,672,034$336,192$65,782,053
90$85,531,245$3,734,694$230,185$72,327,131
91$94,134,468$3,796,731$116,933$79,535,699
92$103,611,410$3,857,997$0$87,475,345
93$114,051,070$3,918,335$0$96,220,849
94$125,551,521$3,977,575$0$105,863,335
95$138,220,836$4,035,536$0$116,484,542
96$152,178,107$4,092,023$0$128,184,178
97$167,554,571$4,146,829$0$141,072,117
98$184,494,844$4,199,731$0$155,269,442
99$203,158,291$4,250,491$0$170,909,579
100$223,720,526$4,298,854$0$188,139,564