Can I retire at age 44 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$90,837$90,028$89,238$88,468$87,716$87,053
2 years$44,969$44,131$43,320$42,533$41,769$41,102
3 years$29,681$28,840$28,031$27,251$26,500$25,848
4 years$22,039$21,201$20,399$19,633$18,900$18,268
5 years$17,455$16,622$15,831$15,080$14,368$13,758
6 years$14,400$13,573$12,793$12,060$11,369$10,782
7 years$12,219$11,398$10,631$9,915$9,246$8,682
8 years$10,583$9,771$9,016$8,317$7,670$7,130
9 years$9,312$8,507$7,766$7,084$6,459$5,942
10 years$8,296$7,499$6,770$6,107$5,504$5,009
11 years$7,465$6,675$5,960$5,315$4,733$4,261
12 years$6,773$5,992$5,290$4,662$4,102$3,651
13 years$6,188$5,415$4,726$4,116$3,577$3,148
14 years$5,687$4,922$4,246$3,653$3,135$2,727
15 years$5,253$4,496$3,834$3,258$2,761$2,373
16 years$4,873$4,125$3,476$2,917$2,440$2,072
17 years$4,539$3,799$3,163$2,621$2,163$1,815
18 years$4,242$3,510$2,887$2,362$1,924$1,593
19 years$3,977$3,253$2,643$2,135$1,715$1,402
20 years$3,739$3,023$2,426$1,933$1,531$1,236
21 years$3,523$2,816$2,231$1,755$1,371$1,092
22 years$3,327$2,629$2,057$1,595$1,228$966
23 years$3,149$2,459$1,899$1,453$1,103$856
24 years$2,986$2,304$1,756$1,325$991$759
25 years$2,836$2,162$1,627$1,210$892$673
26 years$2,698$2,032$1,509$1,106$803$598
27 years$2,570$1,912$1,401$1,013$724$532
28 years$2,452$1,802$1,302$928$654$473
29 years$2,342$1,700$1,212$851$590$421
30 years$2,239$1,605$1,129$781$533$375
31 years$2,143$1,517$1,052$717$482$334
32 years$2,054$1,436$982$659$436$298
33 years$1,970$1,360$917$606$395$266
34 years$1,891$1,289$857$558$357$237
35 years$1,817$1,222$801$513$324$211
36 years$1,747$1,160$749$473$293$189
37 years$1,681$1,102$701$436$266$168
38 years$1,619$1,047$657$402$241$150
39 years$1,560$996$615$370$218$134
40 years$1,504$947$577$342$198$120
41 years$1,451$902$541$315$180$107
42 years$1,400$859$507$291$163$96
43 years$1,353$818$476$268$148$86
44 years$1,307$780$447$248$134$76
45 years$1,264$744$419$229$122$68
46 years$1,222$710$394$211$111$61
47 years$1,183$677$370$195$101$55
48 years$1,145$646$348$180$91$49
49 years$1,109$617$327$167$83$44
50 years$1,074$590$307$154$75$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,100,000, adding $3,292 every year, while hoping to spend $28,247 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: 46/47/7 Blend
43$1,100,000$1,100,000$1,100,000$1,100,000
44$1,215,596$1,157,296$1,140,246$1,269,037
45$1,309,532$1,183,949$1,148,389$1,332,803
46$1,412,103$1,210,961$1,155,859$1,398,725
47$1,524,159$1,238,320$1,162,603$1,469,576
48$1,646,639$1,266,013$1,168,565$1,545,821
49$1,780,572$1,294,023$1,173,687$1,627,970
50$1,927,094$1,322,334$1,177,910$1,716,586
51$2,087,456$1,350,927$1,181,168$1,812,290
52$2,263,035$1,379,781$1,183,396$1,915,763
53$2,455,346$1,408,872$1,184,521$2,027,759
54$2,666,060$1,438,175$1,184,471$2,149,106
55$2,897,015$1,467,663$1,183,168$2,280,716
56$3,150,237$1,497,304$1,180,530$2,423,596
57$3,427,955$1,527,067$1,176,473$2,578,853
58$3,732,628$1,556,914$1,170,905$2,747,710
59$4,066,960$1,586,807$1,163,735$2,931,511
60$4,433,932$1,616,703$1,154,863$3,131,740
61$4,836,829$1,646,556$1,144,186$3,350,032
62$5,279,265$1,676,318$1,131,596$3,588,187
63$5,765,226$1,705,933$1,116,980$3,848,190
64$6,299,101$1,735,346$1,100,221$4,132,230
65$6,885,724$1,764,493$1,081,193$4,442,718
66$7,530,423$1,793,307$1,059,768$4,782,313
67$8,239,065$1,821,718$1,035,809$5,153,943
68$9,018,115$1,849,648$1,009,174$5,560,838
69$9,874,696$1,877,015$979,715$6,006,557
70$10,816,656$1,903,729$947,276$6,495,024
71$11,852,640$1,929,697$911,695$7,030,562
72$12,992,174$1,954,817$872,802$7,617,939
73$14,245,754$1,978,980$830,418$8,262,409
74$15,624,942$2,002,072$784,359$8,969,763
75$17,142,480$2,023,968$734,429$9,746,384
76$18,812,407$2,044,536$680,426$10,599,311
77$20,650,190$2,063,636$622,138$11,536,299
78$22,672,873$2,081,117$559,343$12,565,898
79$24,899,235$2,096,821$491,810$13,697,533
80$27,349,969$2,110,577$419,297$14,941,591
81$30,047,874$2,122,204$341,552$16,309,524
82$33,018,074$2,131,509$258,311$17,813,952
83$36,288,252$2,138,287$169,299$19,468,789
84$39,888,912$2,142,321$74,228$21,289,369
85$43,853,665$2,143,379$0$23,292,595
86$48,219,550$2,141,216$0$25,499,133
87$53,027,379$2,135,570$0$27,933,534
88$58,322,124$2,126,165$0$30,612,909
89$64,153,340$2,112,707$0$33,562,233
90$70,575,634$2,094,883$0$36,809,035
91$77,649,181$2,072,364$0$40,383,654
92$85,440,286$2,044,798$0$44,319,530
93$94,022,016$2,011,815$0$48,653,519
94$103,474,888$1,973,020$0$53,426,242
95$113,887,626$1,927,997$0$58,682,469
96$125,358,000$1,876,305$0$64,471,544
97$137,993,747$1,817,475$0$70,847,852
98$151,913,591$1,751,014$0$77,871,332
99$167,248,361$1,676,397$0$85,608,045
100$184,142,224$1,593,070$0$94,130,799