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%13.6%
1 years$109,004$108,033$107,086$106,161$105,259$103,686
2 years$53,963$52,958$51,984$51,039$50,123$48,542
3 years$35,618$34,608$33,637$32,701$31,800$30,260
4 years$26,447$25,441$24,479$23,559$22,680$21,193
5 years$20,946$19,946$18,997$18,096$17,241$15,811
6 years$17,280$16,287$15,352$14,471$13,642$12,271
7 years$14,662$13,678$12,758$11,898$11,095$9,783
8 years$12,700$11,725$10,820$9,981$9,204$7,951
9 years$11,175$10,208$9,319$8,501$7,751$6,557
10 years$9,955$8,998$8,124$7,328$6,604$5,467
11 years$8,958$8,011$7,153$6,378$5,680$4,599
12 years$8,127$7,190$6,348$5,594$4,922$3,897
13 years$7,425$6,498$5,671$4,939$4,292$3,320
14 years$6,824$5,906$5,096$4,384$3,763$2,843
15 years$6,303$5,395$4,601$3,910$3,313$2,443
16 years$5,848$4,950$4,171$3,501$2,928$2,107
17 years$5,447$4,559$3,796$3,146$2,596$1,822
18 years$5,091$4,213$3,465$2,835$2,308$1,580
19 years$4,772$3,904$3,172$2,561$2,057$1,372
20 years$4,486$3,628$2,911$2,320$1,838$1,194
21 years$4,228$3,379$2,678$2,105$1,645$1,040
22 years$3,993$3,154$2,468$1,914$1,474$908
23 years$3,779$2,950$2,279$1,743$1,323$793
24 years$3,583$2,764$2,107$1,590$1,189$693
25 years$3,403$2,594$1,952$1,452$1,070$607
26 years$3,237$2,438$1,810$1,328$964$531
27 years$3,084$2,294$1,681$1,215$869$466
28 years$2,942$2,162$1,563$1,114$784$408
29 years$2,810$2,040$1,454$1,021$708$358
30 years$2,687$1,926$1,355$937$640$314
31 years$2,572$1,821$1,263$861$579$276
32 years$2,465$1,723$1,178$791$523$242
33 years$2,364$1,632$1,100$727$474$213
34 years$2,269$1,546$1,028$669$429$187
35 years$2,180$1,467$961$616$388$164
36 years$2,096$1,392$899$567$352$145
37 years$2,017$1,322$841$523$319$127
38 years$1,943$1,257$788$482$289$112
39 years$1,872$1,195$738$444$262$98
40 years$1,805$1,137$692$410$238$86
41 years$1,741$1,082$649$378$216$76
42 years$1,681$1,031$609$349$196$67
43 years$1,623$982$571$322$178$59
44 years$1,568$936$536$297$161$52
45 years$1,516$893$503$275$146$46
46 years$1,466$852$473$254$133$40
47 years$1,419$813$444$234$121$35
48 years$1,374$776$417$217$110$31
49 years$1,330$741$392$200$100$27
50 years$1,289$708$369$185$90$24

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 $4,328 every year, while hoping to spend $52,363 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: 47/35/18 Blend
43$1,320,000$1,320,000$1,320,000$1,320,000
44$1,459,104$1,389,144$1,368,684$1,520,052
45$1,552,219$1,401,499$1,358,821$1,575,261
46$1,653,077$1,412,703$1,346,873$1,629,515
47$1,762,411$1,422,647$1,332,714$1,687,289
48$1,881,031$1,431,210$1,316,214$1,748,934
49$2,009,824$1,438,267$1,297,235$1,814,838
50$2,149,766$1,443,682$1,275,633$1,885,431
51$2,301,934$1,447,314$1,251,258$1,961,189
52$2,467,509$1,449,010$1,223,952$2,042,641
53$2,647,792$1,448,609$1,193,552$2,130,368
54$2,844,214$1,445,938$1,159,883$2,225,020
55$3,058,352$1,440,817$1,122,767$2,327,310
56$3,291,938$1,433,051$1,082,014$2,438,032
57$3,546,882$1,422,437$1,037,428$2,558,061
58$3,825,283$1,408,756$988,802$2,688,369
59$4,129,456$1,391,779$935,920$2,830,028
60$4,461,944$1,371,260$878,557$2,984,225
61$4,825,552$1,346,941$816,478$3,152,274
62$5,223,365$1,318,548$749,437$3,335,626
63$5,658,782$1,285,791$677,177$3,535,888
64$6,135,545$1,248,361$599,429$3,754,834
65$6,657,773$1,205,933$515,913$3,994,429
66$7,230,005$1,158,164$426,335$4,256,840
67$7,857,239$1,104,687$330,391$4,544,467
68$8,544,979$1,045,118$227,761$4,859,958
69$9,299,287$979,049$118,110$5,206,244
70$10,126,840$906,048$1,093$5,586,558
71$11,034,992$825,659$0$6,004,476
72$12,031,846$737,400$0$6,487,720
73$13,126,323$640,763$0$7,018,647
74$14,328,256$535,207$0$7,601,941
75$15,648,471$420,166$0$8,243,000
76$17,098,898$295,037$0$8,947,782
77$18,692,679$159,187$0$9,722,860
78$20,444,291$11,946$0$10,575,486
79$22,369,683$0$0$11,513,661
80$24,486,428$0$0$12,602,979
81$26,813,885$0$0$13,805,957
82$29,373,382$0$0$15,129,039
83$32,188,419$0$0$16,584,394
84$35,284,887$0$0$18,185,429
85$38,691,311$0$0$19,946,917
86$42,439,123$0$0$21,885,133
87$46,562,953$0$0$24,018,013
88$51,100,957$0$0$26,365,314
89$56,095,178$0$0$28,948,811
90$61,591,940$0$0$31,792,492
91$67,642,286$0$0$34,922,793
92$74,302,459$0$0$38,368,839
93$81,634,429$0$0$42,162,725
94$89,706,484$0$0$46,339,817
95$98,593,867$0$0$50,939,081
96$108,379,489$0$0$56,003,457
97$119,154,709$0$0$61,580,260
98$131,020,197$0$0$67,721,627
99$144,086,884$0$0$74,485,009
100$158,477,006$0$0$81,933,713