Can I retire at age 44 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$89,185$88,391$87,616$86,859$86,121$85,722
2 years$44,151$43,329$42,532$41,759$41,010$40,607
3 years$29,142$28,316$27,521$26,756$26,018$25,624
4 years$21,638$20,815$20,028$19,276$18,557$18,174
5 years$17,138$16,319$15,543$14,806$14,106$13,737
6 years$14,138$13,326$12,561$11,840$11,162$10,806
7 years$11,997$11,191$10,438$9,735$9,078$8,735
8 years$10,391$9,593$8,852$8,166$7,531$7,202
9 years$9,143$8,352$7,625$6,956$6,342$6,027
10 years$8,145$7,362$6,647$5,996$5,404$5,102
11 years$7,329$6,554$5,852$5,218$4,647$4,358
12 years$6,650$5,883$5,194$4,577$4,027$3,751
13 years$6,075$5,316$4,640$4,041$3,512$3,249
14 years$5,583$4,832$4,169$3,587$3,078$2,828
15 years$5,157$4,414$3,764$3,199$2,711$2,472
16 years$4,785$4,050$3,413$2,864$2,396$2,168
17 years$4,457$3,730$3,106$2,574$2,124$1,908
18 years$4,165$3,447$2,835$2,319$1,889$1,684
19 years$3,905$3,194$2,595$2,096$1,683$1,489
20 years$3,671$2,968$2,382$1,898$1,504$1,320
21 years$3,459$2,765$2,191$1,723$1,346$1,172
22 years$3,267$2,581$2,019$1,566$1,206$1,042
23 years$3,092$2,414$1,864$1,426$1,083$928
24 years$2,932$2,262$1,724$1,301$973$827
25 years$2,784$2,122$1,597$1,188$876$738
26 years$2,649$1,995$1,481$1,086$789$659
27 years$2,523$1,877$1,375$994$711$589
28 years$2,407$1,769$1,279$911$642$527
29 years$2,299$1,669$1,190$835$579$472
30 years$2,198$1,576$1,108$767$524$423
31 years$2,104$1,490$1,033$704$473$379
32 years$2,017$1,410$964$647$428$339
33 years$1,934$1,335$900$595$387$304
34 years$1,857$1,265$841$548$351$273
35 years$1,784$1,200$786$504$318$245
36 years$1,715$1,139$736$464$288$220
37 years$1,651$1,082$688$428$261$198
38 years$1,589$1,028$645$394$237$178
39 years$1,531$978$604$364$215$160
40 years$1,477$930$566$335$195$143
41 years$1,424$885$531$309$177$129
42 years$1,375$843$498$285$160$116
43 years$1,328$803$467$264$145$104
44 years$1,283$766$439$243$132$94
45 years$1,241$730$412$225$120$84
46 years$1,200$697$387$208$109$76
47 years$1,161$665$363$192$99$68
48 years$1,124$635$341$177$90$61
49 years$1,088$606$321$164$81$55
50 years$1,054$579$302$151$74$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,080,000, adding $5,926 every year, while hoping to spend $42,220 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: 31/49/20 Blend
43$1,080,000$1,080,000$1,080,000$1,080,000
44$1,196,273$1,139,033$1,122,293$1,225,742
45$1,273,371$1,149,924$1,114,968$1,259,345
46$1,356,918$1,159,933$1,105,982$1,291,262
47$1,447,527$1,168,973$1,095,236$1,324,733
48$1,545,873$1,176,951$1,082,625$1,359,917
49$1,652,697$1,183,767$1,068,038$1,396,995
50$1,768,815$1,189,314$1,051,360$1,436,168
51$1,895,125$1,193,481$1,032,471$1,477,658
52$2,032,614$1,196,148$1,011,245$1,521,717
53$2,182,368$1,197,188$987,550$1,568,622
54$2,345,585$1,196,464$961,248$1,618,685
55$2,523,578$1,193,835$932,193$1,672,250
56$2,717,797$1,189,147$900,236$1,729,705
57$2,929,837$1,182,240$865,218$1,791,477
58$3,161,451$1,172,940$826,974$1,858,044
59$3,414,572$1,161,068$785,331$1,929,937
60$3,691,328$1,146,429$740,108$2,007,746
61$3,994,059$1,128,819$691,118$2,092,128
62$4,325,344$1,108,023$638,161$2,183,811
63$4,688,023$1,083,810$581,034$2,283,605
64$5,085,223$1,055,938$519,520$2,392,408
65$5,520,386$1,024,149$453,394$2,511,220
66$5,997,304$988,171$382,421$2,641,146
67$6,520,154$947,717$306,358$2,783,415
68$7,093,535$902,480$224,946$2,939,388
69$7,722,513$852,139$137,919$3,110,575
70$8,412,668$796,353$44,998$3,298,650
71$9,170,147$734,761$0$3,505,467
72$10,001,719$666,981$0$3,744,639
73$10,914,842$592,611$0$4,017,881
74$11,917,732$511,225$0$4,318,168
75$13,019,438$422,372$0$4,648,360
76$14,229,930$325,578$0$5,011,617
77$15,560,192$220,340$0$5,411,433
78$17,022,322$106,127$0$5,851,669
79$18,629,652$0$0$6,336,589
80$20,396,868$0$0$6,880,408
81$22,340,150$0$0$7,541,513
82$24,477,325$0$0$8,268,770
83$26,828,035$0$0$9,068,884
84$29,413,918$0$0$9,949,246
85$32,258,818$0$0$10,917,998
86$35,389,005$0$0$11,984,112
87$38,833,425$0$0$13,157,472
88$42,623,970$0$0$14,448,970
89$46,795,781$0$0$15,870,609
90$51,387,578$0$0$17,435,612
91$56,442,024$0$0$19,158,551
92$62,006,132$0$0$21,055,481
93$68,131,699$0$0$23,144,095
94$74,875,804$0$0$25,443,888
95$82,301,340$0$0$27,976,341
96$90,477,608$0$0$30,765,126
97$99,480,975$0$0$33,836,325
98$109,395,586$0$0$37,218,681
99$120,314,166$0$0$40,943,865
100$132,338,888$0$0$45,046,778