Can I retire at age 44 with 1,070,000?

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$88,360$87,573$86,805$86,055$85,323$82,658
2 years$43,742$42,928$42,138$41,373$40,630$37,969
3 years$28,872$28,054$27,266$26,508$25,777$23,203
4 years$21,438$20,622$19,843$19,097$18,385$15,918
5 years$16,979$16,168$15,399$14,669$13,976$11,622
6 years$14,007$13,203$12,445$11,731$11,059$8,821
7 years$11,885$11,088$10,341$9,644$8,994$6,871
8 years$10,295$9,504$8,770$8,090$7,461$5,453
9 years$9,058$8,275$7,554$6,891$6,283$4,387
10 years$8,070$7,294$6,586$5,940$5,354$3,566
11 years$7,261$6,493$5,798$5,170$4,604$2,923
12 years$6,588$5,828$5,146$4,535$3,990$2,411
13 years$6,019$5,267$4,597$4,003$3,479$1,999
14 years$5,531$4,788$4,131$3,554$3,050$1,664
15 years$5,109$4,373$3,729$3,169$2,685$1,390
16 years$4,741$4,013$3,381$2,838$2,373$1,164
17 years$4,415$3,695$3,077$2,550$2,104$978
18 years$4,127$3,415$2,809$2,298$1,871$822
19 years$3,869$3,165$2,571$2,076$1,668$693
20 years$3,637$2,941$2,360$1,880$1,490$584
21 years$3,427$2,739$2,171$1,707$1,333$494
22 years$3,237$2,557$2,000$1,552$1,195$417
23 years$3,063$2,392$1,847$1,413$1,073$353
24 years$2,904$2,241$1,708$1,289$964$299
25 years$2,759$2,103$1,582$1,177$868$253
26 years$2,624$1,976$1,467$1,076$781$214
27 years$2,500$1,860$1,363$985$705$182
28 years$2,385$1,753$1,267$903$636$154
29 years$2,278$1,653$1,179$828$574$131
30 years$2,178$1,561$1,098$760$519$111
31 years$2,085$1,476$1,024$698$469$94
32 years$1,998$1,397$955$641$424$80
33 years$1,916$1,323$892$590$384$68
34 years$1,840$1,254$833$543$348$58
35 years$1,767$1,189$779$499$315$49
36 years$1,699$1,129$729$460$285$42
37 years$1,635$1,072$682$424$259$35
38 years$1,575$1,019$639$391$234$30
39 years$1,517$969$598$360$213$25
40 years$1,463$922$561$332$193$22
41 years$1,411$877$526$306$175$18
42 years$1,362$835$493$283$159$16
43 years$1,316$796$463$261$144$13
44 years$1,271$759$435$241$131$11
45 years$1,229$724$408$223$119$10
46 years$1,189$690$383$206$108$8
47 years$1,150$659$360$190$98$7
48 years$1,113$629$338$176$89$6
49 years$1,078$600$318$162$81$5
50 years$1,045$574$299$150$73$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,070,000, adding $6,909 every year, while hoping to spend $23,582 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: 81/14/5 Blend
43$1,070,000$1,070,000$1,070,000$1,070,000
44$1,186,267$1,129,557$1,112,972$1,281,635
45$1,282,175$1,159,814$1,125,165$1,375,255
46$1,387,075$1,190,763$1,136,977$1,474,119
47$1,501,860$1,222,414$1,148,369$1,581,890
48$1,627,512$1,254,775$1,159,301$1,699,443
49$1,765,113$1,287,854$1,169,733$1,827,745
50$1,915,855$1,321,658$1,179,619$1,967,857
51$2,081,050$1,356,197$1,188,914$2,120,950
52$2,262,142$1,391,476$1,197,567$2,288,311
53$2,460,723$1,427,501$1,205,529$2,471,361
54$2,678,547$1,464,279$1,212,745$2,671,661
55$2,917,545$1,501,814$1,219,157$2,890,934
56$3,179,842$1,540,111$1,224,706$3,131,075
57$3,467,782$1,579,172$1,229,330$3,394,173
58$3,783,945$1,619,001$1,232,962$3,682,527
59$4,131,173$1,659,598$1,235,532$3,998,673
60$4,512,599$1,700,965$1,236,969$4,345,402
61$4,931,672$1,743,100$1,237,195$4,725,790
62$5,392,192$1,786,001$1,236,131$5,143,223
63$5,898,346$1,829,666$1,233,691$5,601,435
64$6,454,747$1,874,088$1,229,789$6,104,537
65$7,066,475$1,919,263$1,224,332$6,657,060
66$7,739,131$1,965,182$1,217,221$7,263,996
67$8,478,881$2,011,834$1,208,357$7,930,843
68$9,292,522$2,059,209$1,197,632$8,663,661
69$10,187,541$2,107,293$1,184,935$9,469,126
70$11,172,189$2,156,069$1,170,149$10,354,593
71$12,255,554$2,205,518$1,153,151$11,328,167
72$13,447,653$2,255,621$1,133,814$12,398,778
73$14,759,519$2,306,352$1,112,002$13,576,266
74$16,203,313$2,357,686$1,087,577$14,871,473
75$17,792,430$2,409,592$1,060,390$16,296,347
76$19,541,634$2,462,038$1,030,289$17,864,050
77$21,467,189$2,514,986$997,112$19,589,089
78$23,587,018$2,568,396$960,692$21,487,447
79$25,920,871$2,622,224$920,851$23,576,738
80$28,490,507$2,676,421$877,408$25,876,368
81$31,319,907$2,730,934$830,169$28,407,725
82$34,435,491$2,785,703$778,933$31,194,373
83$37,866,375$2,840,667$723,492$34,262,283
84$41,644,641$2,895,755$663,624$37,640,069
85$45,805,641$2,950,893$599,102$41,359,266
86$50,388,330$3,006,000$529,685$45,454,621
87$55,435,634$3,060,989$455,124$49,964,425
88$60,994,855$3,115,765$375,158$54,930,874
89$67,118,119$3,170,225$289,513$60,400,467
90$73,862,861$3,224,260$197,906$66,424,443
91$81,292,376$3,277,752$100,039$73,059,266
92$89,476,409$3,330,573$0$80,367,159
93$98,491,819$3,382,587$0$88,416,924
94$108,423,298$3,433,648$0$97,289,598
95$119,364,176$3,483,597$0$107,063,122
96$131,417,296$3,532,268$0$117,829,274
97$144,695,991$3,579,480$0$129,689,188
98$159,325,149$3,625,041$0$142,754,314
99$175,442,390$3,668,744$0$157,147,465
100$193,199,371$3,710,370$0$173,003,982