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%13.2%
1 years$87,534$86,754$85,993$85,251$84,526$83,401
2 years$43,334$42,527$41,744$40,986$40,250$39,118
3 years$28,602$27,792$27,011$26,260$25,537$24,433
4 years$21,238$20,430$19,657$18,919$18,213$17,147
5 years$16,820$16,017$15,255$14,532$13,845$12,819
6 years$13,876$13,079$12,328$11,621$10,955$9,970
7 years$11,774$10,984$10,245$9,554$8,909$7,966
8 years$10,199$9,415$8,688$8,015$7,391$6,490
9 years$8,974$8,198$7,483$6,827$6,225$5,364
10 years$7,994$7,226$6,524$5,885$5,304$4,484
11 years$7,193$6,433$5,744$5,122$4,561$3,782
12 years$6,526$5,774$5,097$4,492$3,953$3,212
13 years$5,963$5,218$4,554$3,966$3,447$2,744
14 years$5,480$4,743$4,092$3,521$3,021$2,356
15 years$5,062$4,333$3,695$3,140$2,660$2,030
16 years$4,696$3,975$3,350$2,811$2,351$1,756
17 years$4,374$3,661$3,048$2,526$2,085$1,523
18 years$4,088$3,383$2,782$2,276$1,854$1,324
19 years$3,832$3,135$2,547$2,057$1,652$1,153
20 years$3,603$2,913$2,338$1,863$1,476$1,006
21 years$3,395$2,714$2,150$1,691$1,321$880
22 years$3,206$2,533$1,982$1,537$1,184$770
23 years$3,035$2,369$1,830$1,400$1,063$675
24 years$2,877$2,220$1,692$1,277$955$592
25 years$2,733$2,083$1,567$1,166$859$520
26 years$2,600$1,958$1,454$1,066$774$456
27 years$2,477$1,843$1,350$976$698$401
28 years$2,363$1,736$1,255$894$630$353
29 years$2,256$1,638$1,168$820$569$311
30 years$2,158$1,547$1,088$753$514$274
31 years$2,065$1,462$1,014$691$465$241
32 years$1,979$1,384$946$635$420$212
33 years$1,898$1,310$883$584$380$187
34 years$1,822$1,242$825$537$344$165
35 years$1,751$1,178$772$495$312$145
36 years$1,684$1,118$722$456$283$128
37 years$1,620$1,062$676$420$256$113
38 years$1,560$1,009$633$387$232$100
39 years$1,503$960$593$357$211$88
40 years$1,449$913$556$329$191$78
41 years$1,398$869$521$304$173$69
42 years$1,350$828$489$280$157$61
43 years$1,303$789$459$259$143$54
44 years$1,259$752$430$239$130$47
45 years$1,218$717$404$221$118$42
46 years$1,178$684$380$204$107$37
47 years$1,140$653$357$188$97$33
48 years$1,103$623$335$174$88$29
49 years$1,068$595$315$161$80$25
50 years$1,035$568$296$149$73$22

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 $5,713 every year, while hoping to spend $37,912 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: 37/44/19 Blend
43$1,060,000$1,060,000$1,060,000$1,060,000
44$1,174,013$1,117,833$1,101,403$1,210,529
45$1,253,424$1,132,269$1,097,962$1,251,931
46$1,339,665$1,146,141$1,093,135$1,292,633
47$1,433,391$1,159,383$1,086,836$1,335,810
48$1,535,326$1,171,921$1,078,973$1,381,705
49$1,646,263$1,183,679$1,069,453$1,430,588
50$1,767,077$1,194,575$1,058,175$1,482,758
51$1,898,731$1,204,521$1,045,036$1,538,546
52$2,042,283$1,213,424$1,029,926$1,598,321
53$2,198,899$1,221,184$1,012,731$1,662,488
54$2,369,860$1,227,696$993,331$1,731,500
55$2,556,580$1,232,848$971,602$1,805,854
56$2,760,613$1,236,519$947,413$1,886,105
57$2,983,670$1,238,583$920,625$1,972,864
58$3,227,635$1,238,904$891,097$2,066,809
59$3,494,583$1,237,340$858,678$2,168,691
60$3,786,798$1,233,737$823,212$2,279,341
61$4,106,796$1,227,935$784,534$2,399,676
62$4,457,347$1,219,761$742,473$2,530,715
63$4,841,501$1,209,034$696,850$2,673,581
64$5,262,618$1,195,560$647,478$2,829,519
65$5,724,398$1,179,136$594,162$2,999,906
66$6,230,917$1,159,544$536,697$3,186,262
67$6,786,664$1,136,555$474,870$3,390,271
68$7,396,584$1,109,926$408,458$3,613,793
69$8,066,122$1,079,399$337,228$3,858,883
70$8,801,278$1,044,701$260,937$4,127,816
71$9,608,661$1,005,544$179,331$4,423,101
72$10,495,551$961,623$92,145$4,747,516
73$11,469,968$912,614$0$5,104,127
74$12,540,748$858,175$0$5,496,504
75$13,717,624$797,945$0$5,948,155
76$15,011,320$731,542$0$6,444,577
77$16,433,649$658,562$0$6,990,398
78$17,997,627$578,578$0$7,590,730
79$19,717,596$491,139$0$8,251,209
80$21,609,354$395,768$0$8,978,058
81$23,690,309$291,962$0$9,778,142
82$25,979,640$179,188$0$10,659,035
83$28,498,481$56,885$0$11,629,094
84$31,270,114$0$0$12,697,538
85$34,320,194$0$0$13,911,113
86$37,676,990$0$0$15,277,211
87$41,371,646$0$0$16,780,986
88$45,438,484$0$0$18,436,430
89$49,915,317$0$0$20,258,958
90$54,843,813$0$0$22,265,557
91$60,269,885$0$0$24,474,946
92$66,244,125$0$0$26,907,748
93$72,822,279$0$0$29,586,692
94$80,065,774$0$0$32,536,820
95$88,042,298$0$0$35,785,728
96$96,826,437$0$0$39,363,824
97$106,500,378$0$0$43,304,617
98$117,154,686$0$0$47,645,029
99$128,889,159$0$0$52,425,749
100$141,813,767$0$0$57,691,612