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%13%
1 years$102,398$101,486$100,596$99,727$98,879$97,644
2 years$50,692$49,748$48,833$47,946$47,085$45,842
3 years$33,459$32,511$31,598$30,719$29,873$28,661
4 years$24,844$23,899$22,995$22,132$21,306$20,134
5 years$19,677$18,737$17,845$16,999$16,196$15,068
6 years$16,233$15,300$14,422$13,594$12,815$11,732
7 years$13,774$12,849$11,985$11,177$10,422$9,385
8 years$11,930$11,014$10,164$9,376$8,646$7,654
9 years$10,497$9,590$8,754$7,986$7,282$6,334
10 years$9,352$8,453$7,632$6,884$6,204$5,301
11 years$8,415$7,525$6,719$5,991$5,336$4,476
12 years$7,635$6,754$5,963$5,255$4,624$3,807
13 years$6,975$6,104$5,328$4,640$4,032$3,256
14 years$6,410$5,548$4,787$4,118$3,535$2,799
15 years$5,921$5,068$4,322$3,673$3,112$2,416
16 years$5,494$4,650$3,918$3,289$2,750$2,092
17 years$5,117$4,283$3,566$2,955$2,439$1,817
18 years$4,782$3,957$3,255$2,663$2,168$1,582
19 years$4,483$3,668$2,980$2,406$1,933$1,380
20 years$4,214$3,408$2,735$2,179$1,726$1,206
21 years$3,971$3,174$2,515$1,978$1,545$1,056
22 years$3,751$2,963$2,318$1,798$1,385$926
23 years$3,550$2,771$2,141$1,638$1,243$812
24 years$3,366$2,597$1,980$1,494$1,117$714
25 years$3,197$2,437$1,834$1,364$1,005$627
26 years$3,041$2,290$1,701$1,247$906$552
27 years$2,897$2,155$1,579$1,142$817$486
28 years$2,764$2,031$1,468$1,046$737$428
29 years$2,640$1,916$1,366$959$665$378
30 years$2,524$1,810$1,272$880$601$333
31 years$2,416$1,711$1,186$809$543$294
32 years$2,315$1,619$1,107$743$492$259
33 years$2,221$1,533$1,033$683$445$229
34 years$2,132$1,453$966$629$403$202
35 years$2,048$1,378$903$579$365$179
36 years$1,969$1,308$844$533$331$158
37 years$1,895$1,242$790$491$300$139
38 years$1,825$1,180$740$453$272$123
39 years$1,758$1,123$693$417$246$109
40 years$1,695$1,068$650$385$223$96
41 years$1,635$1,017$609$355$203$85
42 years$1,579$968$572$328$184$75
43 years$1,525$922$536$303$167$67
44 years$1,473$879$504$279$152$59
45 years$1,424$839$473$258$138$52
46 years$1,378$800$444$238$125$46
47 years$1,333$763$417$220$113$41
48 years$1,290$729$392$203$103$36
49 years$1,250$696$369$188$94$32
50 years$1,211$665$346$174$85$28

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 $5,169 every year, while hoping to spend $32,649 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: 78/14/8 Blend
43$1,240,000$1,240,000$1,240,000$1,240,000
44$1,371,812$1,306,092$1,286,872$1,476,891
45$1,476,998$1,335,352$1,295,244$1,575,864
46$1,591,820$1,364,952$1,302,802$1,679,630
47$1,717,224$1,394,873$1,309,484$1,792,470
48$1,854,255$1,425,096$1,315,227$1,915,273
49$2,004,063$1,455,600$1,319,960$2,049,020
50$2,167,912$1,486,359$1,323,614$2,194,788
51$2,347,196$1,517,347$1,326,112$2,353,764
52$2,543,449$1,548,536$1,327,375$2,527,258
53$2,758,360$1,579,894$1,327,322$2,716,709
54$2,993,789$1,611,385$1,325,864$2,923,704
55$3,251,786$1,642,973$1,322,910$3,149,991
56$3,534,606$1,674,617$1,318,366$3,397,497
57$3,844,735$1,706,273$1,312,130$3,668,342
58$4,184,910$1,737,891$1,304,098$3,964,863
59$4,558,144$1,769,422$1,294,159$4,289,635
60$4,967,759$1,800,808$1,282,198$4,645,495
61$5,417,413$1,831,989$1,268,094$5,035,567
62$5,911,134$1,862,902$1,251,719$5,463,296
63$6,453,360$1,893,475$1,232,943$5,932,475
64$7,048,981$1,923,633$1,211,625$6,447,284
65$7,703,383$1,953,297$1,187,620$7,012,329
66$8,422,500$1,982,380$1,160,777$7,632,686
67$9,212,867$2,010,789$1,130,935$8,313,946
68$10,081,687$2,038,425$1,097,929$9,062,271
69$11,036,893$2,065,182$1,061,584$9,884,452
70$12,087,227$2,090,947$1,021,718$10,787,970
71$13,242,319$2,115,598$978,140$11,781,070
72$14,512,780$2,139,007$930,652$12,872,837
73$15,910,299$2,161,034$879,044$14,073,282
74$17,447,758$2,181,533$823,101$15,393,437
75$19,139,348$2,200,346$762,593$16,845,460
76$21,000,705$2,217,307$697,284$18,442,746
77$23,049,059$2,232,237$626,924$20,200,060
78$25,303,393$2,244,946$551,256$22,133,668
79$27,784,623$2,255,233$470,008$24,261,499
80$30,515,798$2,262,883$382,897$26,603,309
81$33,522,313$2,267,668$289,627$29,180,869
82$36,832,151$2,269,345$189,891$32,018,171
83$40,476,144$2,267,657$83,367$35,141,654
84$44,488,269$2,262,331$0$38,580,454
85$48,905,963$2,253,075$0$42,369,268
86$53,770,479$2,239,583$0$46,548,653
87$59,127,272$2,221,527$0$51,150,512
88$65,026,432$2,198,561$0$56,217,847
89$71,523,155$2,170,316$0$61,798,048
90$78,678,260$2,136,405$0$67,943,338
91$86,558,767$2,096,414$0$74,711,262
92$95,238,530$2,049,906$0$82,165,238
93$104,798,927$1,996,419$0$90,375,148
94$115,329,635$1,935,462$0$99,418,003
95$126,929,475$1,866,516$0$109,378,667
96$139,707,339$1,789,032$0$120,350,662
97$153,783,223$1,702,431$0$132,437,045
98$169,289,358$1,606,096$0$145,751,386
99$186,371,457$1,499,379$0$160,418,838
100$205,190,089$1,381,592$0$176,577,321