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%16.2%
1 years$87,534$86,754$85,993$85,251$84,526$82,382
2 years$43,334$42,527$41,744$40,986$40,250$38,105
3 years$28,602$27,792$27,011$26,260$25,537$23,456
4 years$21,238$20,430$19,657$18,919$18,213$16,213
5 years$16,820$16,017$15,255$14,532$13,845$11,932
6 years$13,876$13,079$12,328$11,621$10,955$9,130
7 years$11,774$10,984$10,245$9,554$8,909$7,173
8 years$10,199$9,415$8,688$8,015$7,391$5,743
9 years$8,974$8,198$7,483$6,827$6,225$4,663
10 years$7,994$7,226$6,524$5,885$5,304$3,826
11 years$7,193$6,433$5,744$5,122$4,561$3,166
12 years$6,526$5,774$5,097$4,492$3,953$2,638
13 years$5,963$5,218$4,554$3,966$3,447$2,209
14 years$5,480$4,743$4,092$3,521$3,021$1,858
15 years$5,062$4,333$3,695$3,140$2,660$1,569
16 years$4,696$3,975$3,350$2,811$2,351$1,328
17 years$4,374$3,661$3,048$2,526$2,085$1,127
18 years$4,088$3,383$2,782$2,276$1,854$959
19 years$3,832$3,135$2,547$2,057$1,652$817
20 years$3,603$2,913$2,338$1,863$1,476$697
21 years$3,395$2,714$2,150$1,691$1,321$596
22 years$3,206$2,533$1,982$1,537$1,184$509
23 years$3,035$2,369$1,830$1,400$1,063$436
24 years$2,877$2,220$1,692$1,277$955$374
25 years$2,733$2,083$1,567$1,166$859$320
26 years$2,600$1,958$1,454$1,066$774$275
27 years$2,477$1,843$1,350$976$698$236
28 years$2,363$1,736$1,255$894$630$202
29 years$2,256$1,638$1,168$820$569$174
30 years$2,158$1,547$1,088$753$514$149
31 years$2,065$1,462$1,014$691$465$128
32 years$1,979$1,384$946$635$420$110
33 years$1,898$1,310$883$584$380$95
34 years$1,822$1,242$825$537$344$81
35 years$1,751$1,178$772$495$312$70
36 years$1,684$1,118$722$456$283$60
37 years$1,620$1,062$676$420$256$52
38 years$1,560$1,009$633$387$232$45
39 years$1,503$960$593$357$211$38
40 years$1,449$913$556$329$191$33
41 years$1,398$869$521$304$173$28
42 years$1,350$828$489$280$157$24
43 years$1,303$789$459$259$143$21
44 years$1,259$752$430$239$130$18
45 years$1,218$717$404$221$118$16
46 years$1,178$684$380$204$107$13
47 years$1,140$653$357$188$97$12
48 years$1,103$623$335$174$88$10
49 years$1,068$595$315$161$80$9
50 years$1,035$568$296$149$73$7

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 $3,007 every year, while hoping to spend $43,851 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: 41/45/14 Blend
43$1,060,000$1,060,000$1,060,000$1,060,000
44$1,171,222$1,115,042$1,098,612$1,214,282
45$1,244,029$1,123,022$1,088,758$1,252,931
46$1,322,793$1,129,923$1,077,105$1,290,190
47$1,408,075$1,135,646$1,063,545$1,329,566
48$1,500,493$1,140,086$1,047,967$1,371,271
49$1,600,723$1,143,131$1,030,254$1,415,543
50$1,709,514$1,144,661$1,010,284$1,462,643
51$1,827,684$1,144,550$987,929$1,512,866
52$1,956,138$1,142,663$963,055$1,566,535
53$2,095,868$1,138,857$935,522$1,624,013
54$2,247,968$1,132,982$905,182$1,685,700
55$2,413,638$1,124,876$871,883$1,752,042
56$2,594,202$1,114,368$835,465$1,823,533
57$2,791,117$1,101,278$795,759$1,900,720
58$3,005,985$1,085,415$752,591$1,984,214
59$3,240,570$1,066,574$705,777$2,074,688
60$3,496,813$1,044,542$655,126$2,172,890
61$3,776,854$1,019,090$600,438$2,279,651
62$4,083,044$989,977$541,504$2,395,889
63$4,417,976$956,947$478,105$2,522,624
64$4,784,502$919,730$410,015$2,660,984
65$5,185,765$878,040$336,994$2,812,219
66$5,625,223$831,574$258,793$2,977,713
67$6,106,688$780,013$175,155$3,159,001
68$6,634,354$723,018$85,806$3,357,777
69$7,212,842$660,230$0$3,575,922
70$7,847,243$591,272$0$3,816,939
71$8,543,161$515,744$0$4,095,473
72$9,306,772$433,224$0$4,401,283
73$10,144,875$343,264$0$4,737,230
74$11,064,962$245,394$0$5,106,478
75$12,075,285$139,115$0$5,512,518
76$13,184,935$23,903$0$5,959,211
77$14,403,925$0$0$6,450,816
78$15,743,287$0$0$7,041,957
79$17,215,175$0$0$7,704,743
80$18,832,976$0$0$8,433,386
81$20,611,441$0$0$9,234,546
82$22,566,820$0$0$10,115,565
83$24,717,019$0$0$11,084,530
84$27,081,761$0$0$12,150,350
85$29,682,781$0$0$13,322,842
86$32,544,024$0$0$14,612,823
87$35,691,871$0$0$16,032,210
88$39,155,393$0$0$17,594,134
89$42,966,616$0$0$19,313,064
90$47,160,831$0$0$21,204,941
91$51,776,923$0$0$23,287,331
92$56,857,735$0$0$25,579,588
93$62,450,476$0$0$28,103,039
94$68,607,164$0$0$30,881,184
95$75,385,116$0$0$33,939,916
96$82,847,491$0$0$37,307,767
97$91,063,880$0$0$41,016,178
98$100,110,968$0$0$45,099,792
99$110,073,254$0$0$49,596,783
100$121,043,848$0$0$54,549,217