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

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$109,004$108,033$107,086$106,161$105,259$102,299
2 years$53,963$52,958$51,984$51,039$50,123$47,164
3 years$35,618$34,608$33,637$32,701$31,800$28,934
4 years$26,447$25,441$24,479$23,559$22,680$19,929
5 years$20,946$19,946$18,997$18,096$17,241$14,613
6 years$17,280$16,287$15,352$14,471$13,642$11,139
7 years$14,662$13,678$12,758$11,898$11,095$8,717
8 years$12,700$11,725$10,820$9,981$9,204$6,950
9 years$11,175$10,208$9,319$8,501$7,751$5,619
10 years$9,955$8,998$8,124$7,328$6,604$4,591
11 years$8,958$8,011$7,153$6,378$5,680$3,782
12 years$8,127$7,190$6,348$5,594$4,922$3,136
13 years$7,425$6,498$5,671$4,939$4,292$2,614
14 years$6,824$5,906$5,096$4,384$3,763$2,188
15 years$6,303$5,395$4,601$3,910$3,313$1,838
16 years$5,848$4,950$4,171$3,501$2,928$1,549
17 years$5,447$4,559$3,796$3,146$2,596$1,308
18 years$5,091$4,213$3,465$2,835$2,308$1,107
19 years$4,772$3,904$3,172$2,561$2,057$938
20 years$4,486$3,628$2,911$2,320$1,838$796
21 years$4,228$3,379$2,678$2,105$1,645$677
22 years$3,993$3,154$2,468$1,914$1,474$576
23 years$3,779$2,950$2,279$1,743$1,323$490
24 years$3,583$2,764$2,107$1,590$1,189$417
25 years$3,403$2,594$1,952$1,452$1,070$356
26 years$3,237$2,438$1,810$1,328$964$303
27 years$3,084$2,294$1,681$1,215$869$259
28 years$2,942$2,162$1,563$1,114$784$221
29 years$2,810$2,040$1,454$1,021$708$189
30 years$2,687$1,926$1,355$937$640$161
31 years$2,572$1,821$1,263$861$579$138
32 years$2,465$1,723$1,178$791$523$118
33 years$2,364$1,632$1,100$727$474$101
34 years$2,269$1,546$1,028$669$429$86
35 years$2,180$1,467$961$616$388$73
36 years$2,096$1,392$899$567$352$63
37 years$2,017$1,322$841$523$319$54
38 years$1,943$1,257$788$482$289$46
39 years$1,872$1,195$738$444$262$39
40 years$1,805$1,137$692$410$238$34
41 years$1,741$1,082$649$378$216$29
42 years$1,681$1,031$609$349$196$25
43 years$1,623$982$571$322$178$21
44 years$1,568$936$536$297$161$18
45 years$1,516$893$503$275$146$15
46 years$1,466$852$473$254$133$13
47 years$1,419$813$444$234$121$11
48 years$1,374$776$417$217$110$10
49 years$1,330$741$392$200$100$8
50 years$1,289$708$369$185$90$7

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 $4,185 every year, while hoping to spend $40,741 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: 55/32/13 Blend
43$1,320,000$1,320,000$1,320,000$1,320,000
44$1,458,957$1,388,997$1,368,537$1,534,073
45$1,564,422$1,413,710$1,371,035$1,610,256
46$1,679,280$1,438,268$1,372,251$1,688,382
47$1,804,444$1,462,621$1,372,099$1,772,506
48$1,940,923$1,486,714$1,370,490$1,863,208
49$2,089,823$1,510,490$1,367,327$1,961,127
50$2,252,366$1,533,885$1,362,514$2,066,968
51$2,429,894$1,556,831$1,355,944$2,181,509
52$2,623,884$1,579,257$1,347,510$2,305,606
53$2,835,965$1,601,086$1,337,096$2,440,206
54$3,067,929$1,622,234$1,324,584$2,586,350
55$3,321,747$1,642,613$1,309,847$2,745,188
56$3,599,593$1,662,129$1,292,755$2,917,987
57$3,903,859$1,680,680$1,273,169$3,106,145
58$4,237,178$1,698,160$1,250,946$3,311,202
59$4,602,453$1,714,452$1,225,936$3,534,859
60$5,002,878$1,729,435$1,197,979$3,778,991
61$5,441,972$1,742,978$1,166,912$4,045,663
62$5,923,611$1,754,941$1,132,561$4,337,156
63$6,452,063$1,765,177$1,094,746$4,655,982
64$7,032,031$1,773,529$1,053,278$5,004,915
65$7,668,695$1,779,828$1,007,959$5,387,010
66$8,367,759$1,783,897$958,583$5,805,638
67$9,135,509$1,785,546$904,934$6,264,516
68$9,978,867$1,784,575$846,786$6,767,743
69$10,905,462$1,780,769$783,903$7,319,838
70$11,923,695$1,773,903$716,040$7,925,785
71$13,042,823$1,763,735$642,938$8,591,079
72$14,273,044$1,750,011$564,329$9,321,780
73$15,625,592$1,732,459$479,932$10,124,569
74$17,112,846$1,710,794$389,454$11,006,813
75$18,748,444$1,684,710$292,588$11,976,634
76$20,547,411$1,653,886$189,015$13,042,989
77$22,526,301$1,617,981$78,401$14,215,752
78$24,703,353$1,576,632$0$15,505,810
79$27,098,666$1,529,457$0$16,930,665
80$29,734,380$1,476,051$0$18,510,016
81$32,634,895$1,415,986$0$20,247,620
82$35,827,092$1,348,806$0$22,159,617
83$39,340,591$1,274,033$0$24,263,798
84$43,208,029$1,191,160$0$26,579,776
85$47,465,370$1,099,648$0$29,129,165
86$52,152,238$998,931$0$31,935,792
87$57,312,297$888,409$0$35,025,920
88$62,993,658$767,448$0$38,428,496
89$69,249,337$635,379$0$42,175,428
90$76,137,750$491,493$0$46,301,885
91$83,723,268$335,044$0$50,846,630
92$92,076,822$165,242$0$55,852,389
93$101,276,573$0$0$61,366,255
94$111,408,648$0$0$67,446,736
95$122,567,953$0$0$74,207,932
96$134,859,070$0$0$81,655,042
97$148,397,239$0$0$89,857,911
98$163,309,453$0$0$98,893,505
99$179,735,646$0$0$108,846,638
100$197,830,023$0$0$119,810,769