Can I retire at age 44 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$105,701$104,760$103,841$102,944$102,069$100,337
2 years$52,327$51,353$50,408$49,493$48,604$46,864
3 years$34,538$33,560$32,618$31,710$30,837$29,143
4 years$25,646$24,670$23,737$22,846$21,993$20,359
5 years$20,311$19,341$18,421$17,548$16,719$15,149
6 years$16,756$15,794$14,887$14,033$13,229$11,726
7 years$14,218$13,264$12,371$11,537$10,759$9,322
8 years$12,315$11,369$10,492$9,678$8,925$7,555
9 years$10,836$9,899$9,036$8,244$7,516$6,211
10 years$9,653$8,726$7,878$7,106$6,404$5,164
11 years$8,686$7,768$6,936$6,185$5,508$4,330
12 years$7,881$6,972$6,155$5,425$4,773$3,657
13 years$7,200$6,301$5,499$4,789$4,162$3,106
14 years$6,617$5,727$4,941$4,251$3,649$2,650
15 years$6,112$5,232$4,461$3,791$3,212$2,270
16 years$5,671$4,800$4,045$3,395$2,839$1,951
17 years$5,282$4,421$3,681$3,050$2,517$1,681
18 years$4,936$4,085$3,360$2,749$2,238$1,452
19 years$4,628$3,786$3,076$2,484$1,995$1,257
20 years$4,350$3,518$2,823$2,250$1,782$1,089
21 years$4,100$3,277$2,596$2,042$1,595$946
22 years$3,872$3,059$2,393$1,856$1,429$822
23 years$3,664$2,861$2,210$1,691$1,283$715
24 years$3,475$2,680$2,043$1,542$1,153$623
25 years$3,300$2,515$1,893$1,408$1,038$543
26 years$3,139$2,364$1,755$1,288$935$474
27 years$2,991$2,225$1,630$1,179$843$414
28 years$2,853$2,097$1,515$1,080$761$361
29 years$2,725$1,978$1,410$990$687$315
30 years$2,606$1,868$1,313$909$621$276
31 years$2,494$1,766$1,225$835$561$241
32 years$2,390$1,671$1,142$767$507$211
33 years$2,292$1,582$1,067$705$459$184
34 years$2,201$1,500$997$649$416$161
35 years$2,114$1,422$932$597$377$141
36 years$2,033$1,350$872$550$341$124
37 years$1,956$1,282$816$507$309$108
38 years$1,884$1,219$764$467$280$95
39 years$1,815$1,159$716$431$254$83
40 years$1,750$1,102$671$397$231$73
41 years$1,688$1,049$629$367$209$64
42 years$1,630$999$590$338$190$56
43 years$1,574$952$554$312$172$49
44 years$1,521$908$520$288$156$43
45 years$1,470$866$488$266$142$37
46 years$1,422$826$458$246$129$33
47 years$1,376$788$431$227$117$29
48 years$1,332$752$405$210$106$25
49 years$1,290$718$380$194$97$22
50 years$1,250$686$358$179$88$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,280,000, adding $2,061 every year, while hoping to spend $57,132 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: 73/6/21 Blend
43$1,280,000$1,280,000$1,280,000$1,280,000
44$1,412,686$1,344,846$1,325,006$1,508,487
45$1,495,992$1,349,955$1,308,606$1,577,578
46$1,585,880$1,353,400$1,289,741$1,646,173
47$1,682,962$1,355,039$1,268,269$1,719,882
48$1,787,909$1,354,721$1,244,041$1,799,201
49$1,901,459$1,352,285$1,216,900$1,884,681
50$2,024,423$1,347,562$1,186,681$1,976,928
51$2,157,693$1,340,372$1,153,214$2,076,611
52$2,302,251$1,330,524$1,116,320$2,184,470
53$2,459,175$1,317,813$1,075,811$2,301,317
54$2,629,650$1,302,026$1,031,490$2,428,053
55$2,814,983$1,282,933$983,153$2,565,667
56$3,016,609$1,260,295$930,586$2,715,253
57$3,236,107$1,233,853$873,565$2,878,018
58$3,475,215$1,203,338$811,855$3,055,292
59$3,735,848$1,168,461$745,213$3,248,544
60$4,020,108$1,128,920$673,382$3,459,391
61$4,330,315$1,084,393$596,095$3,689,620
62$4,669,017$1,034,538$513,074$3,941,202
63$5,039,022$978,996$424,028$4,216,309
64$5,443,422$917,386$328,653$4,517,337
65$5,885,619$849,306$226,630$4,846,931
66$6,369,359$774,329$117,630$5,208,005
67$6,898,768$692,006$1,305$5,603,776
68$7,478,389$601,860$0$6,037,789
69$8,113,223$503,390$0$6,541,479
70$8,808,779$396,064$0$7,093,737
71$9,571,125$279,321$0$7,699,114
72$10,406,940$152,569$0$8,362,948
73$11,323,586$15,182$0$9,091,119
74$12,329,166$0$0$9,890,104
75$13,432,608$0$0$10,775,857
76$14,643,746$0$0$11,749,219
77$15,973,412$0$0$12,817,903
78$17,433,538$0$0$13,991,506
79$19,037,269$0$0$15,280,601
80$20,799,083$0$0$16,696,836
81$22,734,933$0$0$18,253,041
82$24,862,391$0$0$19,963,353
83$27,200,818$0$0$21,843,344
84$29,771,542$0$0$23,910,172
85$32,598,061$0$0$26,182,738
86$35,706,265$0$0$28,681,869
87$39,124,676$0$0$31,430,509
88$42,884,721$0$0$34,453,937
89$47,021,025$0$0$37,780,007
90$51,571,736$0$0$41,439,407
91$56,578,889$0$0$45,465,949
92$62,088,796$0$0$49,896,890
93$68,152,489$0$0$54,773,279
94$74,826,193$0$0$60,140,348
95$82,171,862$0$0$66,047,934
96$90,257,762$0$0$72,550,952
97$99,159,111$0$0$79,709,910
98$108,958,792$0$0$87,591,483
99$119,748,133$0$0$96,269,139
100$131,627,765$0$0$105,823,829