Can I retire at age 44 with 1,300,000?

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 $1,300,000?

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 years$107,353$106,397$105,464$104,553$103,664$101,946
2 years$53,145$52,155$51,196$50,266$49,364$47,639
3 years$35,078$34,084$33,127$32,206$31,318$29,639
4 years$26,046$25,055$24,108$23,202$22,337$20,716
5 years$20,629$19,644$18,709$17,822$16,980$15,423
6 years$17,018$16,041$15,120$14,252$13,436$11,944
7 years$14,440$13,471$12,564$11,718$10,927$9,501
8 years$12,508$11,547$10,656$9,830$9,065$7,704
9 years$11,005$10,054$9,178$8,373$7,634$6,338
10 years$9,804$8,862$8,001$7,217$6,504$5,272
11 years$8,822$7,889$7,044$6,281$5,594$4,424
12 years$8,004$7,081$6,252$5,509$4,848$3,738
13 years$7,313$6,399$5,585$4,864$4,227$3,177
14 years$6,720$5,817$5,018$4,318$3,706$2,713
15 years$6,208$5,314$4,531$3,851$3,263$2,325
16 years$5,759$4,875$4,108$3,448$2,884$2,000
17 years$5,364$4,490$3,738$3,098$2,557$1,724
18 years$5,014$4,149$3,412$2,792$2,273$1,491
19 years$4,700$3,845$3,124$2,523$2,026$1,291
20 years$4,418$3,573$2,867$2,285$1,810$1,120
21 years$4,164$3,328$2,637$2,074$1,620$973
22 years$3,932$3,107$2,430$1,885$1,452$846
23 years$3,722$2,906$2,244$1,717$1,303$737
24 years$3,529$2,722$2,075$1,566$1,171$643
25 years$3,352$2,555$1,922$1,430$1,054$561
26 years$3,188$2,401$1,783$1,308$949$489
27 years$3,037$2,260$1,655$1,197$856$427
28 years$2,897$2,129$1,539$1,097$772$374
29 years$2,767$2,009$1,432$1,006$697$327
30 years$2,646$1,897$1,334$923$630$286
31 years$2,533$1,793$1,244$848$570$250
32 years$2,427$1,697$1,160$779$515$219
33 years$2,328$1,607$1,083$716$466$192
34 years$2,235$1,523$1,012$659$422$168
35 years$2,147$1,445$946$607$382$147
36 years$2,065$1,371$885$559$347$129
37 years$1,987$1,302$829$515$314$113
38 years$1,913$1,238$776$475$285$99
39 years$1,843$1,177$727$438$258$87
40 years$1,777$1,120$681$404$234$76
41 years$1,715$1,066$639$372$212$67
42 years$1,655$1,015$599$344$193$58
43 years$1,598$967$562$317$175$51
44 years$1,545$922$528$293$159$45
45 years$1,493$879$496$271$144$39
46 years$1,444$839$466$250$131$35
47 years$1,398$800$437$231$119$30
48 years$1,353$764$411$213$108$27
49 years$1,310$730$386$197$98$23
50 years$1,269$697$363$182$89$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,300,000, adding $3,106 every year, while hoping to spend $58,516 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: 84/10/6 Blend
43$1,300,000$1,300,000$1,300,000$1,300,000
44$1,435,804$1,366,904$1,346,754$1,555,699
45$1,519,995$1,371,622$1,329,610$1,639,126
46$1,610,813$1,374,609$1,309,930$1,722,469
47$1,708,871$1,375,720$1,287,568$1,812,157
48$1,814,845$1,374,799$1,262,370$1,908,788
49$1,929,475$1,371,680$1,234,175$2,013,023
50$2,053,577$1,366,189$1,202,816$2,125,587
51$2,188,048$1,358,137$1,168,116$2,247,279
52$2,333,872$1,347,330$1,129,891$2,378,980
53$2,492,133$1,333,555$1,087,949$2,521,660
54$2,664,024$1,316,593$1,042,088$2,676,385
55$2,850,855$1,296,206$992,099$2,844,332
56$3,054,068$1,272,146$937,760$3,026,797
57$3,275,251$1,244,149$878,843$3,225,206
58$3,516,148$1,211,934$815,106$3,441,132
59$3,778,682$1,175,206$746,299$3,676,307
60$4,064,967$1,133,651$672,159$3,932,639
61$4,377,330$1,086,936$592,413$4,212,231
62$4,718,333$1,034,711$506,774$4,517,400
63$5,090,796$976,604$414,943$4,850,699
64$5,497,822$912,223$316,609$5,214,941
65$5,942,829$841,151$211,445$5,613,226
66$6,429,581$762,950$99,111$6,048,970
67$6,962,219$677,156$0$6,525,939
68$7,545,306$583,278$0$7,049,610
69$8,183,866$480,797$0$7,630,085
70$8,883,431$369,166$0$8,266,074
71$9,650,092$247,807$0$8,963,157
72$10,490,561$116,109$0$9,727,481
73$11,412,226$0$0$10,565,819
74$12,423,228$0$0$11,488,559
75$13,532,530$0$0$12,515,060
76$14,750,009$0$0$13,641,686
77$16,086,541$0$0$14,878,506
78$17,554,109$0$0$16,236,611
79$19,165,910$0$0$17,728,218
80$20,936,486$0$0$19,366,786
81$22,881,854$0$0$21,167,142
82$25,019,659$0$0$23,145,620
83$27,369,342$0$0$25,320,216
84$29,952,319$0$0$27,710,752
85$32,792,186$0$0$30,339,072
86$35,914,939$0$0$33,229,238
87$39,349,217$0$0$36,407,761
88$43,126,578$0$0$39,903,852
89$47,281,786$0$0$43,749,692
90$51,853,150$0$0$47,980,741
91$56,882,874$0$0$52,636,068
92$62,417,462$0$0$57,758,718
93$68,508,153$0$0$63,396,123
94$75,211,404$0$0$69,600,542
95$82,589,422$0$0$76,429,560
96$90,710,752$0$0$83,946,625
97$99,650,919$0$0$92,221,650
98$109,493,144$0$0$101,331,670
99$120,329,129$0$0$111,361,570
100$132,259,916$0$0$122,404,883