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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$107,353$106,397$105,464$104,553$103,664$103,011
2 years$53,145$52,155$51,196$50,266$49,364$48,705
3 years$35,078$34,084$33,127$32,206$31,318$30,674
4 years$26,046$25,055$24,108$23,202$22,337$21,712
5 years$20,629$19,644$18,709$17,822$16,980$16,377
6 years$17,018$16,041$15,120$14,252$13,436$12,855
7 years$14,440$13,471$12,564$11,718$10,927$10,369
8 years$12,508$11,547$10,656$9,830$9,065$8,529
9 years$11,005$10,054$9,178$8,373$7,634$7,121
10 years$9,804$8,862$8,001$7,217$6,504$6,013
11 years$8,822$7,889$7,044$6,281$5,594$5,125
12 years$8,004$7,081$6,252$5,509$4,848$4,400
13 years$7,313$6,399$5,585$4,864$4,227$3,801
14 years$6,720$5,817$5,018$4,318$3,706$3,299
15 years$6,208$5,314$4,531$3,851$3,263$2,877
16 years$5,759$4,875$4,108$3,448$2,884$2,517
17 years$5,364$4,490$3,738$3,098$2,557$2,209
18 years$5,014$4,149$3,412$2,792$2,273$1,944
19 years$4,700$3,845$3,124$2,523$2,026$1,714
20 years$4,418$3,573$2,867$2,285$1,810$1,515
21 years$4,164$3,328$2,637$2,074$1,620$1,341
22 years$3,932$3,107$2,430$1,885$1,452$1,189
23 years$3,722$2,906$2,244$1,717$1,303$1,055
24 years$3,529$2,722$2,075$1,566$1,171$938
25 years$3,352$2,555$1,922$1,430$1,054$834
26 years$3,188$2,401$1,783$1,308$949$743
27 years$3,037$2,260$1,655$1,197$856$662
28 years$2,897$2,129$1,539$1,097$772$590
29 years$2,767$2,009$1,432$1,006$697$527
30 years$2,646$1,897$1,334$923$630$470
31 years$2,533$1,793$1,244$848$570$420
32 years$2,427$1,697$1,160$779$515$375
33 years$2,328$1,607$1,083$716$466$335
34 years$2,235$1,523$1,012$659$422$300
35 years$2,147$1,445$946$607$382$268
36 years$2,065$1,371$885$559$347$240
37 years$1,987$1,302$829$515$314$215
38 years$1,913$1,238$776$475$285$192
39 years$1,843$1,177$727$438$258$172
40 years$1,777$1,120$681$404$234$154
41 years$1,715$1,066$639$372$212$138
42 years$1,655$1,015$599$344$193$124
43 years$1,598$967$562$317$175$111
44 years$1,545$922$528$293$159$99
45 years$1,493$879$496$271$144$89
46 years$1,444$839$466$250$131$80
47 years$1,398$800$437$231$119$71
48 years$1,353$764$411$213$108$64
49 years$1,310$730$386$197$98$57
50 years$1,269$697$363$182$89$51

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 $2,755 every year, while hoping to spend $29,036 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: 49/38/13 Blend
43$1,300,000$1,300,000$1,300,000$1,300,000
44$1,435,442$1,366,542$1,346,392$1,500,528
45$1,550,963$1,402,608$1,360,602$1,581,654
46$1,677,294$1,439,469$1,374,315$1,666,477
47$1,815,507$1,477,132$1,387,483$1,757,965
48$1,966,782$1,515,605$1,400,057$1,856,752
49$2,132,419$1,554,895$1,411,985$1,963,535
50$2,313,849$1,595,008$1,423,210$2,079,082
51$2,512,649$1,635,951$1,433,675$2,204,240
52$2,730,555$1,677,728$1,443,318$2,339,938
53$2,969,477$1,720,343$1,452,075$2,487,204
54$3,231,523$1,763,798$1,459,879$2,647,165
55$3,519,011$1,808,097$1,466,657$2,821,065
56$3,834,495$1,853,239$1,472,335$3,010,274
57$4,180,790$1,899,224$1,476,835$3,216,302
58$4,560,995$1,946,050$1,480,073$3,440,809
59$4,978,525$1,993,715$1,481,964$3,685,627
60$5,437,140$2,042,213$1,482,416$3,952,773
61$5,940,985$2,091,537$1,481,333$4,244,468
62$6,494,623$2,141,680$1,478,615$4,563,161
63$7,103,083$2,192,632$1,474,158$4,911,549
64$7,771,906$2,244,379$1,467,850$5,292,604
65$8,507,194$2,296,908$1,459,577$5,709,601
66$9,315,673$2,350,200$1,449,218$6,166,146
67$10,204,749$2,404,238$1,436,644$6,666,217
68$11,182,586$2,458,998$1,421,724$7,214,194
69$12,258,177$2,514,456$1,404,319$7,814,904
70$13,441,429$2,570,582$1,384,281$8,473,667
71$14,743,259$2,627,346$1,361,460$9,196,345
72$16,175,697$2,684,711$1,335,694$9,989,396
73$17,751,995$2,742,639$1,306,817$10,859,941
74$19,486,756$2,801,086$1,274,653$11,815,824
75$21,396,071$2,860,004$1,239,019$12,865,689
76$23,497,668$2,919,343$1,199,725$14,019,063
77$25,811,083$2,979,044$1,156,568$15,286,446
78$28,357,841$3,039,044$1,109,341$16,679,408
79$31,161,660$3,099,277$1,057,823$18,210,700
80$34,248,676$3,159,667$1,001,786$19,894,375
81$37,647,685$3,220,135$940,990$21,745,918
82$41,390,421$3,280,594$875,185$23,782,396
83$45,511,850$3,340,949$804,110$26,022,619
84$50,050,503$3,401,100$727,492$28,487,314
85$55,048,836$3,460,936$645,045$31,199,327
86$60,553,635$3,520,339$556,471$34,183,832
87$66,616,452$3,579,182$461,460$37,468,576
88$73,294,097$3,637,328$359,685$41,084,136
89$80,649,168$3,694,631$250,808$45,064,211
90$88,750,647$3,750,932$134,474$49,445,938
91$97,674,549$3,806,063$10,314$54,270,248
92$107,504,635$3,859,842$0$59,582,246
93$118,333,209$3,912,076$0$65,448,592
94$130,261,986$3,962,557$0$71,909,751
95$143,403,049$4,011,063$0$79,024,725
96$157,879,913$4,057,358$0$86,860,115
97$173,828,684$4,101,189$0$95,489,313
98$191,399,349$4,142,285$0$104,993,203
99$210,757,185$4,180,360$0$115,460,915
100$232,084,326$4,215,106$0$126,990,676