Can I retire at age 44 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$109,004$108,033$107,086$106,161$105,259$101,443
2 years$53,963$52,958$51,984$51,039$50,123$46,321
3 years$35,618$34,608$33,637$32,701$31,800$28,131
4 years$26,447$25,441$24,479$23,559$22,680$19,172
5 years$20,946$19,946$18,997$18,096$17,241$13,903
6 years$17,280$16,287$15,352$14,471$13,642$10,476
7 years$14,662$13,678$12,758$11,898$11,095$8,101
8 years$12,700$11,725$10,820$9,981$9,204$6,379
9 years$11,175$10,208$9,319$8,501$7,751$5,092
10 years$9,955$8,998$8,124$7,328$6,604$4,106
11 years$8,958$8,011$7,153$6,378$5,680$3,337
12 years$8,127$7,190$6,348$5,594$4,922$2,728
13 years$7,425$6,498$5,671$4,939$4,292$2,242
14 years$6,824$5,906$5,096$4,384$3,763$1,850
15 years$6,303$5,395$4,601$3,910$3,313$1,531
16 years$5,848$4,950$4,171$3,501$2,928$1,270
17 years$5,447$4,559$3,796$3,146$2,596$1,056
18 years$5,091$4,213$3,465$2,835$2,308$880
19 years$4,772$3,904$3,172$2,561$2,057$734
20 years$4,486$3,628$2,911$2,320$1,838$613
21 years$4,228$3,379$2,678$2,105$1,645$513
22 years$3,993$3,154$2,468$1,914$1,474$429
23 years$3,779$2,950$2,279$1,743$1,323$359
24 years$3,583$2,764$2,107$1,590$1,189$301
25 years$3,403$2,594$1,952$1,452$1,070$252
26 years$3,237$2,438$1,810$1,328$964$212
27 years$3,084$2,294$1,681$1,215$869$177
28 years$2,942$2,162$1,563$1,114$784$149
29 years$2,810$2,040$1,454$1,021$708$125
30 years$2,687$1,926$1,355$937$640$105
31 years$2,572$1,821$1,263$861$579$88
32 years$2,465$1,723$1,178$791$523$74
33 years$2,364$1,632$1,100$727$474$62
34 years$2,269$1,546$1,028$669$429$52
35 years$2,180$1,467$961$616$388$44
36 years$2,096$1,392$899$567$352$37
37 years$2,017$1,322$841$523$319$31
38 years$1,943$1,257$788$482$289$26
39 years$1,872$1,195$738$444$262$22
40 years$1,805$1,137$692$410$238$18
41 years$1,741$1,082$649$378$216$15
42 years$1,681$1,031$609$349$196$13
43 years$1,623$982$571$322$178$11
44 years$1,568$936$536$297$161$9
45 years$1,516$893$503$275$146$8
46 years$1,466$852$473$254$133$6
47 years$1,419$813$444$234$121$5
48 years$1,374$776$417$217$110$5
49 years$1,330$741$392$200$100$4
50 years$1,289$708$369$185$90$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,320,000, adding $4,472 every year, while hoping to spend $39,540 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: 68/17/15 Blend
43$1,320,000$1,320,000$1,320,000$1,320,000
44$1,459,253$1,389,293$1,368,833$1,553,080
45$1,566,026$1,415,298$1,372,619$1,642,178
46$1,682,366$1,441,252$1,375,206$1,734,497
47$1,809,205$1,467,111$1,376,513$1,834,472
48$1,947,571$1,492,827$1,376,453$1,942,851
49$2,098,596$1,518,349$1,374,938$2,060,460
50$2,263,526$1,543,621$1,371,871$2,188,208
51$2,443,731$1,568,583$1,367,154$2,327,094
52$2,640,721$1,593,173$1,360,683$2,478,224
53$2,856,157$1,617,321$1,352,348$2,642,814
54$3,091,869$1,640,954$1,342,036$2,822,204
55$3,349,872$1,663,993$1,329,627$3,017,871
56$3,632,384$1,686,354$1,314,995$3,231,443
57$3,941,848$1,707,947$1,298,008$3,464,714
58$4,280,956$1,728,675$1,278,530$3,719,663
59$4,652,668$1,748,435$1,256,416$3,998,470
60$5,060,250$1,767,118$1,231,515$4,303,536
61$5,507,294$1,784,606$1,203,670$4,637,510
62$5,997,761$1,800,774$1,172,716$5,003,310
63$6,536,010$1,815,489$1,138,479$5,404,155
64$7,126,844$1,828,609$1,100,779$5,843,589
65$7,775,555$1,839,984$1,059,428$6,325,523
66$8,487,970$1,849,451$1,014,227$6,854,263
67$9,270,509$1,856,841$964,970$7,434,558
68$10,130,246$1,861,970$911,441$8,071,644
69$11,074,971$1,864,647$853,415$8,771,289
70$12,113,269$1,864,666$790,655$9,539,852
71$13,254,595$1,861,807$722,915$10,384,343
72$14,509,369$1,855,841$649,937$11,312,489
73$15,889,068$1,846,520$571,453$12,332,804
74$17,406,338$1,833,585$487,182$13,454,676
75$19,075,112$1,816,758$396,830$14,688,450
76$20,910,741$1,795,746$300,091$16,045,531
77$22,930,137$1,770,239$196,646$17,538,488
78$25,151,938$1,739,907$86,160$19,181,174
79$27,596,674$1,704,401$0$20,988,861
80$30,286,969$1,663,351$0$22,983,461
81$33,247,750$1,616,366$0$25,193,489
82$36,506,484$1,563,031$0$27,625,650
83$40,093,433$1,502,908$0$30,302,543
84$44,041,945$1,435,532$0$33,249,074
85$48,388,763$1,360,413$0$36,492,688
86$53,174,375$1,277,031$0$40,063,633
87$58,443,393$1,184,837$0$43,995,241
88$64,244,975$1,083,250$0$48,324,246
89$70,633,290$971,656$0$53,091,130
90$77,668,025$849,408$0$58,340,504
91$85,414,954$715,818$0$64,121,532
92$93,946,550$570,164$0$70,488,395
93$103,342,675$411,680$0$77,500,802
94$113,691,333$239,557$0$85,224,553
95$125,089,497$52,943$0$93,732,164
96$137,644,026$0$0$103,103,550
97$151,472,671$0$0$113,454,665
98$166,705,191$0$0$124,867,639
99$183,484,570$0$0$137,439,716
100$201,968,372$0$0$151,288,965