Can I retire at age 44 with 1,120,000?

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 $1,120,000?

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 years$92,489$91,665$90,861$90,076$89,310$88,934
2 years$45,786$44,934$44,107$43,306$42,529$42,149
3 years$30,221$29,365$28,540$27,747$26,982$26,610
4 years$22,440$21,586$20,770$19,990$19,244$18,883
5 years$17,772$16,924$16,118$15,354$14,629$14,280
6 years$14,662$13,820$13,026$12,279$11,575$11,239
7 years$12,441$11,606$10,825$10,095$9,414$9,090
8 years$10,776$9,948$9,180$8,469$7,810$7,499
9 years$9,482$8,662$7,907$7,213$6,577$6,279
10 years$8,447$7,635$6,893$6,218$5,604$5,318
11 years$7,601$6,797$6,069$5,411$4,819$4,546
12 years$6,896$6,100$5,386$4,747$4,176$3,916
13 years$6,300$5,513$4,812$4,191$3,642$3,393
14 years$5,790$5,011$4,324$3,720$3,193$2,955
15 years$5,348$4,578$3,904$3,317$2,811$2,585
16 years$4,962$4,200$3,539$2,970$2,484$2,269
17 years$4,622$3,868$3,221$2,669$2,203$1,998
18 years$4,319$3,574$2,940$2,405$1,959$1,765
19 years$4,049$3,313$2,691$2,173$1,746$1,562
20 years$3,807$3,078$2,470$1,968$1,559$1,385
21 years$3,587$2,867$2,272$1,786$1,395$1,231
22 years$3,388$2,677$2,094$1,624$1,251$1,095
23 years$3,206$2,503$1,933$1,479$1,123$976
24 years$3,040$2,345$1,788$1,349$1,009$870
25 years$2,888$2,201$1,656$1,232$908$777
26 years$2,747$2,069$1,536$1,127$818$695
27 years$2,617$1,947$1,426$1,031$737$622
28 years$2,496$1,834$1,326$945$665$556
29 years$2,384$1,731$1,234$866$601$499
30 years$2,280$1,634$1,149$795$543$447
31 years$2,182$1,545$1,071$730$491$401
32 years$2,091$1,462$1,000$671$444$360
33 years$2,006$1,384$933$617$402$323
34 years$1,925$1,312$872$568$364$290
35 years$1,850$1,245$815$523$330$260
36 years$1,779$1,181$763$481$299$234
37 years$1,712$1,122$714$444$271$210
38 years$1,648$1,066$669$409$245$189
39 years$1,588$1,014$626$377$222$170
40 years$1,531$965$587$348$202$153
41 years$1,477$918$551$321$183$137
42 years$1,426$874$516$296$166$124
43 years$1,377$833$485$273$151$111
44 years$1,331$794$455$252$137$100
45 years$1,286$757$427$233$124$90
46 years$1,244$723$401$215$113$81
47 years$1,204$689$377$199$102$73
48 years$1,166$658$354$184$93$66
49 years$1,129$629$333$170$84$59
50 years$1,094$600$313$157$77$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,120,000, adding $4,799 every year, while hoping to spend $23,346 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: 30/44/26 Blend
43$1,120,000$1,120,000$1,120,000$1,120,000
44$1,239,190$1,179,830$1,162,470$1,266,305
45$1,340,748$1,212,802$1,176,573$1,320,701
46$1,451,881$1,246,607$1,190,366$1,376,799
47$1,573,544$1,281,261$1,203,813$1,436,678
48$1,706,783$1,316,781$1,216,879$1,500,683
49$1,852,754$1,353,182$1,229,524$1,569,192
50$2,012,729$1,390,481$1,241,706$1,642,623
51$2,188,107$1,428,695$1,253,383$1,721,434
52$2,380,431$1,467,838$1,264,509$1,806,130
53$2,591,400$1,507,927$1,275,035$1,897,268
54$2,822,885$1,548,978$1,284,910$1,995,459
55$3,076,947$1,591,005$1,294,083$2,101,378
56$3,355,856$1,634,025$1,302,495$2,215,767
57$3,662,114$1,678,053$1,310,089$2,339,445
58$3,998,474$1,723,103$1,316,802$2,473,312
59$4,367,972$1,769,189$1,322,569$2,618,360
60$4,773,952$1,816,325$1,327,321$2,775,683
61$5,220,095$1,864,525$1,330,987$2,946,486
62$5,710,460$1,913,802$1,333,490$3,132,096
63$6,249,516$1,964,167$1,334,751$3,333,974
64$6,842,188$2,015,633$1,334,687$3,553,732
65$7,493,903$2,068,210$1,333,210$3,793,146
66$8,210,637$2,121,909$1,330,229$4,054,171
67$8,998,978$2,176,738$1,325,647$4,338,963
68$9,866,181$2,232,706$1,319,364$4,649,899
69$10,820,242$2,289,819$1,311,273$4,989,596
70$11,869,971$2,348,084$1,301,265$5,360,940
71$13,025,072$2,407,505$1,289,222$5,767,110
72$14,296,242$2,468,085$1,275,023$6,211,611
73$15,695,263$2,529,825$1,258,540$6,698,306
74$17,235,119$2,592,726$1,239,641$7,231,450
75$18,930,118$2,656,786$1,218,186$7,815,736
76$20,796,022$2,722,001$1,194,027$8,456,333
77$22,850,202$2,788,365$1,167,013$9,158,942
78$25,111,798$2,855,870$1,136,983$9,929,842
79$27,601,899$2,924,505$1,103,769$10,775,956
80$30,343,744$2,994,257$1,067,197$11,704,915
81$33,362,940$3,065,111$1,027,083$12,725,126
82$36,687,705$3,137,046$983,235$13,845,859
83$40,349,131$3,210,041$935,453$15,077,328
84$44,381,480$3,284,070$883,528$16,430,794
85$48,822,505$3,359,104$827,241$17,918,664
86$53,713,809$3,435,109$766,362$19,554,616
87$59,101,236$3,512,048$700,654$21,353,725
88$65,035,302$3,589,878$629,866$23,332,604
89$71,571,674$3,668,553$553,737$25,509,566
90$78,771,693$3,748,020$471,995$27,904,792
91$86,702,954$3,828,222$384,356$30,540,528
92$95,439,945$3,909,095$290,522$33,441,289
93$105,064,749$3,990,569$190,183$36,634,097
94$115,667,814$4,072,569$83,015$40,148,732
95$127,348,817$4,155,009$0$44,018,018
96$140,217,592$4,237,801$0$48,286,827
97$154,395,177$4,320,844$0$53,011,475
98$170,014,950$4,404,030$0$58,212,952
99$187,223,891$4,487,244$0$63,939,795
100$206,183,968$4,570,359$0$70,245,491