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

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$102,398$101,486$100,596$99,727$98,879$96,177
2 years$50,692$49,748$48,833$47,946$47,085$44,383
3 years$33,459$32,511$31,598$30,719$29,873$27,254
4 years$24,844$23,899$22,995$22,132$21,306$18,791
5 years$19,677$18,737$17,845$16,999$16,196$13,793
6 years$16,233$15,300$14,422$13,594$12,815$10,526
7 years$13,774$12,849$11,985$11,177$10,422$8,246
8 years$11,930$11,014$10,164$9,376$8,646$6,582
9 years$10,497$9,590$8,754$7,986$7,282$5,328
10 years$9,352$8,453$7,632$6,884$6,204$4,359
11 years$8,415$7,525$6,719$5,991$5,336$3,595
12 years$7,635$6,754$5,963$5,255$4,624$2,985
13 years$6,975$6,104$5,328$4,640$4,032$2,492
14 years$6,410$5,548$4,787$4,118$3,535$2,089
15 years$5,921$5,068$4,322$3,673$3,112$1,757
16 years$5,494$4,650$3,918$3,289$2,750$1,483
17 years$5,117$4,283$3,566$2,955$2,439$1,254
18 years$4,782$3,957$3,255$2,663$2,168$1,063
19 years$4,483$3,668$2,980$2,406$1,933$902
20 years$4,214$3,408$2,735$2,179$1,726$767
21 years$3,971$3,174$2,515$1,978$1,545$653
22 years$3,751$2,963$2,318$1,798$1,385$556
23 years$3,550$2,771$2,141$1,638$1,243$474
24 years$3,366$2,597$1,980$1,494$1,117$404
25 years$3,197$2,437$1,834$1,364$1,005$345
26 years$3,041$2,290$1,701$1,247$906$295
27 years$2,897$2,155$1,579$1,142$817$252
28 years$2,764$2,031$1,468$1,046$737$216
29 years$2,640$1,916$1,366$959$665$184
30 years$2,524$1,810$1,272$880$601$158
31 years$2,416$1,711$1,186$809$543$135
32 years$2,315$1,619$1,107$743$492$116
33 years$2,221$1,533$1,033$683$445$99
34 years$2,132$1,453$966$629$403$85
35 years$2,048$1,378$903$579$365$72
36 years$1,969$1,308$844$533$331$62
37 years$1,895$1,242$790$491$300$53
38 years$1,825$1,180$740$453$272$46
39 years$1,758$1,123$693$417$246$39
40 years$1,695$1,068$650$385$223$33
41 years$1,635$1,017$609$355$203$29
42 years$1,579$968$572$328$184$25
43 years$1,525$922$536$303$167$21
44 years$1,473$879$504$279$152$18
45 years$1,424$839$473$258$138$15
46 years$1,378$800$444$238$125$13
47 years$1,333$763$417$220$113$11
48 years$1,290$729$392$203$103$10
49 years$1,250$696$369$188$94$8
50 years$1,211$665$346$174$85$7

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 $3,875 every year, while hoping to spend $27,388 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: 52/40/8 Blend
43$1,240,000$1,240,000$1,240,000$1,240,000
44$1,370,477$1,304,757$1,285,537$1,438,801
45$1,481,125$1,339,550$1,299,462$1,520,453
46$1,602,141$1,375,129$1,312,935$1,605,913
47$1,734,554$1,411,505$1,325,913$1,698,198
48$1,879,497$1,448,687$1,338,349$1,797,959
49$2,038,216$1,486,683$1,350,195$1,905,910
50$2,212,085$1,525,501$1,361,397$2,022,837
51$2,402,617$1,565,150$1,371,904$2,149,606
52$2,611,478$1,605,637$1,381,656$2,287,169
53$2,840,502$1,646,966$1,390,595$2,436,576
54$3,091,710$1,689,144$1,398,657$2,598,981
55$3,367,328$1,732,176$1,405,775$2,775,657
56$3,669,807$1,776,064$1,411,880$2,968,004
57$4,001,848$1,820,812$1,416,899$3,177,565
58$4,366,425$1,866,420$1,420,754$3,406,039
59$4,766,816$1,912,890$1,423,364$3,655,297
60$5,206,629$1,960,219$1,424,644$3,927,399
61$5,689,841$2,008,406$1,424,506$4,224,617
62$6,220,834$2,057,447$1,422,856$4,549,452
63$6,804,432$2,107,335$1,419,595$4,904,657
64$7,445,953$2,158,063$1,414,620$5,293,270
65$8,151,255$2,209,623$1,407,825$5,718,633
66$8,926,791$2,262,002$1,399,094$6,184,431
67$9,779,670$2,315,187$1,388,311$6,694,723
68$10,717,728$2,369,162$1,375,350$7,253,980
69$11,749,594$2,423,909$1,360,082$7,867,131
70$12,884,778$2,479,406$1,342,370$8,539,605
71$14,133,757$2,535,629$1,322,072$9,277,383
72$15,508,077$2,592,551$1,299,038$10,087,058
73$17,020,456$2,650,142$1,273,111$10,975,893
74$18,684,911$2,708,367$1,244,128$11,951,892
75$20,516,883$2,767,188$1,211,918$13,023,874
76$22,533,389$2,826,565$1,176,302$14,201,557
77$24,753,178$2,886,450$1,137,091$15,495,652
78$27,196,910$2,946,793$1,094,091$16,917,959
79$29,887,347$3,007,538$1,047,095$18,481,483
80$32,849,574$3,068,625$995,891$20,200,554
81$36,111,230$3,129,988$940,253$22,090,966
82$39,702,772$3,191,553$879,948$24,170,121
83$43,657,759$3,253,244$814,730$26,457,198
84$48,013,172$3,314,975$744,345$28,973,331
85$52,809,761$3,376,653$668,526$31,741,811
86$58,092,427$3,438,180$586,992$34,788,305
87$63,910,652$3,499,448$499,453$38,141,097
88$70,318,958$3,560,341$405,605$41,831,359
89$77,377,429$3,620,734$305,130$45,893,442
90$85,152,271$3,680,494$197,696$50,365,200
91$93,716,440$3,739,476$82,956$55,288,353
92$103,150,332$3,797,526$0$60,708,875
93$113,542,537$3,854,476$0$66,680,803
94$124,990,680$3,910,149$0$73,264,378
95$137,602,338$3,964,355$0$80,514,076
96$151,496,057$4,016,889$0$88,497,744
97$166,802,471$4,067,533$0$97,290,149
98$183,665,535$4,116,053$0$106,973,684
99$202,243,881$4,162,202$0$117,639,149
100$222,712,319$4,205,712$0$129,386,603