Can I retire at age 44 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$87,534$86,754$85,993$85,251$84,526$82,116
2 years$43,334$42,527$41,744$40,986$40,250$37,842
3 years$28,602$27,792$27,011$26,260$25,537$23,204
4 years$21,238$20,430$19,657$18,919$18,213$15,974
5 years$16,820$16,017$15,255$14,532$13,845$11,707
6 years$13,876$13,079$12,328$11,621$10,955$8,919
7 years$11,774$10,984$10,245$9,554$8,909$6,976
8 years$10,199$9,415$8,688$8,015$7,391$5,558
9 years$8,974$8,198$7,483$6,827$6,225$4,491
10 years$7,994$7,226$6,524$5,885$5,304$3,667
11 years$7,193$6,433$5,744$5,122$4,561$3,019
12 years$6,526$5,774$5,097$4,492$3,953$2,502
13 years$5,963$5,218$4,554$3,966$3,447$2,084
14 years$5,480$4,743$4,092$3,521$3,021$1,743
15 years$5,062$4,333$3,695$3,140$2,660$1,463
16 years$4,696$3,975$3,350$2,811$2,351$1,232
17 years$4,374$3,661$3,048$2,526$2,085$1,040
18 years$4,088$3,383$2,782$2,276$1,854$879
19 years$3,832$3,135$2,547$2,057$1,652$745
20 years$3,603$2,913$2,338$1,863$1,476$632
21 years$3,395$2,714$2,150$1,691$1,321$536
22 years$3,206$2,533$1,982$1,537$1,184$456
23 years$3,035$2,369$1,830$1,400$1,063$388
24 years$2,877$2,220$1,692$1,277$955$330
25 years$2,733$2,083$1,567$1,166$859$281
26 years$2,600$1,958$1,454$1,066$774$240
27 years$2,477$1,843$1,350$976$698$204
28 years$2,363$1,736$1,255$894$630$174
29 years$2,256$1,638$1,168$820$569$149
30 years$2,158$1,547$1,088$753$514$127
31 years$2,065$1,462$1,014$691$465$108
32 years$1,979$1,384$946$635$420$92
33 years$1,898$1,310$883$584$380$79
34 years$1,822$1,242$825$537$344$67
35 years$1,751$1,178$772$495$312$58
36 years$1,684$1,118$722$456$283$49
37 years$1,620$1,062$676$420$256$42
38 years$1,560$1,009$633$387$232$36
39 years$1,503$960$593$357$211$31
40 years$1,449$913$556$329$191$26
41 years$1,398$869$521$304$173$22
42 years$1,350$828$489$280$157$19
43 years$1,303$789$459$259$143$16
44 years$1,259$752$430$239$130$14
45 years$1,218$717$404$221$118$12
46 years$1,178$684$380$204$107$10
47 years$1,140$653$357$188$97$9
48 years$1,103$623$335$174$88$7
49 years$1,068$595$315$161$80$6
50 years$1,035$568$296$149$73$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,060,000, adding $6,432 every year, while hoping to spend $52,631 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: 56/18/26 Blend
43$1,060,000$1,060,000$1,060,000$1,060,000
44$1,174,755$1,118,575$1,102,145$1,231,836
45$1,238,581$1,117,386$1,083,067$1,270,549
46$1,307,153$1,114,375$1,061,587$1,306,658
47$1,380,900$1,109,397$1,037,568$1,344,910
48$1,460,292$1,102,298$1,010,867$1,385,530
49$1,545,847$1,092,915$981,336$1,428,765
50$1,638,131$1,081,076$948,818$1,474,891
51$1,737,768$1,066,596$913,152$1,524,215
52$1,845,444$1,049,283$874,166$1,577,077
53$1,961,911$1,028,929$831,682$1,633,855
54$2,087,996$1,005,317$785,514$1,694,970
55$2,224,611$978,217$735,467$1,760,887
56$2,372,755$947,383$681,339$1,832,122
57$2,533,528$912,557$622,916$1,909,249
58$2,708,141$873,465$559,977$1,992,903
59$2,897,924$829,818$492,289$2,083,790
60$3,104,343$781,309$419,611$2,182,689
61$3,329,007$727,615$341,689$2,290,466
62$3,573,689$668,391$258,259$2,408,080
63$3,840,341$603,278$169,046$2,536,592
64$4,131,108$531,891$73,762$2,677,178
65$4,448,354$453,826$0$2,831,137
66$4,794,679$368,657$0$3,007,658
67$5,172,945$275,930$0$3,222,929
68$5,586,305$175,170$0$3,458,319
69$6,038,228$65,873$0$3,715,874
70$6,532,534$0$0$3,997,849
71$7,073,428$0$0$4,317,132
72$7,665,543$0$0$4,681,025
73$8,313,979$0$0$5,079,627
74$9,024,351$0$0$5,516,402
75$9,802,845$0$0$5,995,166
76$10,656,272$0$0$6,520,121
77$11,592,136$0$0$7,095,895
78$12,618,699$0$0$7,727,586
79$13,745,063$0$0$8,420,808
80$14,981,252$0$0$9,181,746
81$16,338,310$0$0$10,017,214
82$17,828,400$0$0$10,934,715
83$19,464,922$0$0$11,942,518
84$21,262,637$0$0$13,049,729
85$23,237,806$0$0$14,266,382
86$25,408,344$0$0$15,603,529
87$27,793,985$0$0$17,073,347
88$30,416,473$0$0$18,689,252
89$33,299,760$0$0$20,466,023
90$36,470,238$0$0$22,419,945
91$39,956,983$0$0$24,568,958
92$43,792,029$0$0$26,932,829
93$48,010,673$0$0$29,533,337
94$52,651,801$0$0$32,394,477
95$57,758,262$0$0$35,542,689
96$63,377,265$0$0$39,007,104
97$69,560,827$0$0$42,819,820
98$76,366,264$0$0$47,016,203
99$83,856,728$0$0$51,635,223
100$92,101,805$0$0$56,719,820