Can I retire at age 44 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$110,656$109,670$108,709$107,770$106,853$105,213
2 years$54,780$53,760$52,771$51,813$50,883$49,234
3 years$36,157$35,133$34,146$33,197$32,282$30,676
4 years$26,848$25,826$24,850$23,916$23,024$21,474
5 years$21,263$20,248$19,285$18,370$17,502$16,012
6 years$17,542$16,534$15,585$14,691$13,849$12,420
7 years$14,885$13,885$12,951$12,078$11,263$9,896
8 years$12,893$11,902$10,983$10,132$9,344$8,039
9 years$11,344$10,363$9,460$8,630$7,869$6,625
10 years$10,106$9,135$8,248$7,439$6,705$5,521
11 years$9,093$8,132$7,261$6,474$5,766$4,642
12 years$8,250$7,299$6,444$5,679$4,997$3,930
13 years$7,538$6,596$5,757$5,014$4,357$3,346
14 years$6,927$5,996$5,173$4,451$3,820$2,863
15 years$6,399$5,477$4,670$3,969$3,363$2,459
16 years$5,937$5,025$4,234$3,554$2,972$2,119
17 years$5,529$4,628$3,853$3,193$2,635$1,832
18 years$5,168$4,276$3,517$2,878$2,343$1,587
19 years$4,845$3,963$3,220$2,600$2,089$1,377
20 years$4,554$3,683$2,955$2,355$1,866$1,197
21 years$4,292$3,430$2,718$2,137$1,670$1,043
22 years$4,053$3,202$2,505$1,943$1,496$909
23 years$3,836$2,995$2,313$1,770$1,343$794
24 years$3,637$2,806$2,139$1,614$1,207$693
25 years$3,455$2,633$1,981$1,474$1,086$606
26 years$3,286$2,475$1,838$1,348$979$531
27 years$3,131$2,329$1,706$1,234$882$465
28 years$2,987$2,195$1,586$1,130$796$407
29 years$2,853$2,071$1,476$1,037$719$357
30 years$2,728$1,955$1,375$951$650$313
31 years$2,611$1,849$1,282$874$587$274
32 years$2,502$1,749$1,196$803$531$241
33 years$2,400$1,656$1,117$738$481$211
34 years$2,304$1,570$1,043$679$435$186
35 years$2,213$1,489$976$625$394$163
36 years$2,128$1,413$913$576$357$143
37 years$2,048$1,342$854$531$324$126
38 years$1,972$1,276$800$489$294$110
39 years$1,900$1,213$749$451$266$97
40 years$1,832$1,154$702$416$241$85
41 years$1,767$1,099$659$384$219$75
42 years$1,706$1,046$618$354$199$66
43 years$1,648$997$580$327$180$58
44 years$1,592$950$544$302$164$51
45 years$1,539$906$511$279$149$45
46 years$1,489$864$480$258$135$39
47 years$1,441$825$451$238$123$35
48 years$1,394$788$424$220$111$30
49 years$1,350$752$398$203$101$27
50 years$1,308$718$374$188$92$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,340,000, adding $6,352 every year, while hoping to spend $21,110 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: 80/7/13 Blend
43$1,340,000$1,340,000$1,340,000$1,340,000
44$1,483,232$1,412,212$1,391,442$1,597,678
45$1,612,061$1,458,950$1,415,595$1,720,523
46$1,753,323$1,507,270$1,439,849$1,851,930
47$1,908,263$1,557,228$1,464,185$1,995,529
48$2,078,255$1,608,881$1,488,584$2,152,532
49$2,264,810$1,662,289$1,513,025$2,324,273
50$2,469,592$1,717,512$1,537,482$2,512,222
51$2,694,436$1,774,616$1,561,933$2,717,996
52$2,941,361$1,833,665$1,586,351$2,943,379
53$3,212,594$1,894,729$1,610,708$3,190,333
54$3,510,586$1,957,878$1,634,974$3,461,021
55$3,838,038$2,023,186$1,659,118$3,757,825
56$4,197,925$2,090,729$1,683,105$4,083,370
57$4,593,525$2,160,587$1,706,901$4,440,547
58$5,028,450$2,232,841$1,730,468$4,832,541
59$5,506,679$2,307,577$1,753,765$5,262,860
60$6,032,594$2,384,882$1,776,751$5,735,370
61$6,611,027$2,464,849$1,799,380$6,254,329
62$7,247,297$2,547,573$1,821,605$6,824,429
63$7,947,269$2,633,151$1,843,376$7,450,840
64$8,717,401$2,721,686$1,864,639$8,139,257
65$9,564,811$2,813,283$1,885,340$8,895,954
66$10,497,341$2,908,054$1,905,418$9,727,847
67$11,523,632$3,006,111$1,924,812$10,642,553
68$12,653,205$3,107,573$1,943,456$11,648,465
69$13,896,551$3,212,563$1,961,281$12,754,832
70$15,265,229$3,321,208$1,978,213$13,971,844
71$16,771,975$3,433,640$1,994,176$15,310,730
72$18,430,825$3,549,997$2,009,090$16,783,861
73$20,257,243$3,670,421$2,022,868$18,404,872
74$22,268,270$3,795,060$2,035,422$20,188,782
75$24,482,682$3,924,066$2,046,658$22,152,146
76$26,921,171$4,057,600$2,056,475$24,313,202
77$29,606,534$4,195,827$2,064,772$26,692,049
78$32,563,896$4,338,918$2,071,437$29,310,833
79$35,820,940$4,487,052$2,076,357$32,193,957
80$39,408,172$4,640,413$2,079,410$35,368,314
81$43,359,206$4,799,194$2,080,471$38,863,534
82$47,711,085$4,963,594$2,079,407$42,712,273
83$52,504,627$5,133,821$2,076,078$46,950,511
84$57,784,811$5,310,090$2,070,339$51,617,899
85$63,601,202$5,492,625$2,062,035$56,758,129
86$70,008,418$5,681,658$2,051,007$62,419,349
87$77,066,647$5,877,430$2,037,087$68,654,615
88$84,842,213$6,080,191$2,020,097$75,522,392
89$93,408,202$6,290,204$1,999,853$83,087,109
90$102,845,152$6,507,737$1,976,162$91,419,763
91$113,241,815$6,733,074$1,948,820$100,598,588
92$124,695,990$6,966,504$1,917,616$110,709,801
93$137,315,452$7,208,334$1,882,327$121,848,407
94$151,218,964$7,458,878$1,842,721$134,119,099
95$166,537,400$7,718,465$1,798,554$147,637,249
96$183,414,981$7,987,436$1,749,572$162,529,992
97$202,010,634$8,266,146$1,695,507$178,937,430
98$222,499,495$8,554,963$1,636,083$197,013,950
99$245,074,558$8,854,271$1,571,007$216,929,688
100$269,948,502$9,164,469$1,499,974$238,872,129