Can I retire at age 44 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$91,663$90,846$90,050$89,272$88,513$87,771
2 years$45,378$44,532$43,713$42,919$42,149$41,402
3 years$29,951$29,102$28,285$27,499$26,741$26,011
4 years$22,240$21,393$20,585$19,811$19,072$18,365
5 years$17,614$16,773$15,974$15,217$14,498$13,816
6 years$14,531$13,696$12,910$12,169$11,472$10,816
7 years$12,330$11,502$10,728$10,005$9,330$8,700
8 years$10,680$9,859$9,098$8,393$7,740$7,136
9 years$9,397$8,584$7,836$7,149$6,518$5,940
10 years$8,371$7,567$6,832$6,162$5,554$5,002
11 years$7,533$6,736$6,015$5,363$4,776$4,249
12 years$6,834$6,046$5,338$4,704$4,139$3,637
13 years$6,244$5,464$4,769$4,153$3,609$3,131
14 years$5,738$4,966$4,285$3,687$3,164$2,710
15 years$5,300$4,537$3,869$3,288$2,786$2,354
16 years$4,918$4,163$3,508$2,944$2,462$2,053
17 years$4,580$3,834$3,192$2,645$2,183$1,796
18 years$4,281$3,542$2,914$2,384$1,941$1,574
19 years$4,013$3,283$2,667$2,154$1,730$1,384
20 years$3,773$3,051$2,448$1,951$1,545$1,218
21 years$3,555$2,842$2,252$1,770$1,383$1,074
22 years$3,358$2,653$2,075$1,610$1,240$949
23 years$3,178$2,481$1,916$1,466$1,113$839
24 years$3,013$2,324$1,772$1,337$1,000$743
25 years$2,862$2,181$1,641$1,221$900$658
26 years$2,722$2,050$1,522$1,117$811$584
27 years$2,593$1,929$1,414$1,022$731$518
28 years$2,474$1,818$1,314$936$660$460
29 years$2,363$1,715$1,223$859$596$409
30 years$2,259$1,620$1,139$788$538$364
31 years$2,163$1,531$1,062$724$486$324
32 years$2,073$1,449$991$665$440$288
33 years$1,988$1,372$925$612$398$256
34 years$1,908$1,300$864$563$361$228
35 years$1,833$1,233$808$518$327$203
36 years$1,763$1,171$756$477$296$181
37 years$1,696$1,112$708$440$268$161
38 years$1,633$1,057$663$405$243$144
39 years$1,574$1,005$621$374$220$128
40 years$1,518$956$582$345$200$114
41 years$1,464$910$546$318$181$102
42 years$1,413$867$512$293$165$91
43 years$1,365$826$480$271$149$81
44 years$1,319$787$451$250$136$72
45 years$1,275$751$423$231$123$65
46 years$1,233$716$398$213$112$58
47 years$1,193$683$373$197$102$51
48 years$1,155$652$351$182$92$46
49 years$1,119$623$330$168$84$41
50 years$1,084$595$310$156$76$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,110,000, adding $2,053 every year, while hoping to spend $46,886 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: 44/46/10 Blend
43$1,110,000$1,110,000$1,110,000$1,110,000
44$1,225,338$1,166,508$1,149,303$1,275,659
45$1,300,436$1,173,780$1,137,918$1,318,085
46$1,381,622$1,179,838$1,124,580$1,359,107
47$1,469,469$1,184,571$1,109,175$1,402,509
48$1,564,604$1,187,864$1,091,582$1,448,527
49$1,667,719$1,189,594$1,071,675$1,497,425
50$1,779,572$1,189,630$1,049,321$1,549,493
51$1,900,999$1,187,833$1,024,384$1,605,056
52$2,032,919$1,184,055$996,719$1,664,473
53$2,176,342$1,178,139$966,175$1,728,143
54$2,332,380$1,169,919$932,593$1,796,508
55$2,502,257$1,159,219$895,809$1,870,060
56$2,687,319$1,145,852$855,650$1,949,344
57$2,889,046$1,129,620$811,935$2,034,963
58$3,109,070$1,110,313$764,476$2,127,588
59$3,349,185$1,087,707$713,076$2,227,961
60$3,611,365$1,061,568$657,527$2,336,905
61$3,897,785$1,031,646$597,616$2,455,331
62$4,210,840$997,677$533,116$2,584,250
63$4,553,163$959,381$463,793$2,724,781
64$4,927,657$916,463$389,402$2,878,161
65$5,337,517$868,608$309,685$3,045,764
66$5,786,261$815,487$224,377$3,229,108
67$6,277,762$756,748$133,196$3,429,873
68$6,816,288$692,023$35,852$3,649,920
69$7,406,536$620,919$0$3,891,308
70$8,053,682$543,023$0$4,163,571
71$8,763,424$457,898$0$4,466,523
72$9,542,041$365,082$0$4,799,157
73$10,396,446$264,088$0$5,164,589
74$11,334,256$154,401$0$5,566,263
75$12,363,859$35,476$0$6,007,985
76$13,494,498$0$0$6,493,959
77$14,736,351$0$0$7,076,034
78$16,100,634$0$0$7,735,364
79$17,599,702$0$0$8,459,979
80$19,247,163$0$0$9,256,477
81$21,058,013$0$0$10,132,125
82$23,048,769$0$0$11,094,931
83$25,237,633$0$0$12,153,717
84$27,644,654$0$0$13,318,203
85$30,291,924$0$0$14,599,098
86$33,203,782$0$0$16,008,201
87$36,407,045$0$0$17,558,512
88$39,931,260$0$0$19,264,355
89$43,808,982$0$0$21,141,514
90$48,076,081$0$0$23,207,376
91$52,772,079$0$0$25,481,103
92$57,940,525$0$0$27,983,808
93$63,629,401$0$0$30,738,753
94$69,891,579$0$0$33,771,571
95$76,785,317$0$0$37,110,507
96$84,374,807$0$0$40,786,682
97$92,730,783$0$0$44,834,391
98$101,931,185$0$0$49,291,421
99$112,061,898$0$0$54,199,413
100$123,217,555$0$0$59,604,247