Can I retire at age 44 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$93,314$92,483$91,672$90,881$90,108$89,093
2 years$46,195$45,335$44,501$43,693$42,908$41,887
3 years$30,491$29,627$28,795$27,994$27,223$26,226
4 years$22,640$21,779$20,955$20,168$19,416$18,451
5 years$17,931$17,075$16,262$15,491$14,759$13,830
6 years$14,793$13,943$13,142$12,388$11,679$10,786
7 years$12,552$11,709$10,921$10,185$9,498$8,642
8 years$10,872$10,037$9,262$8,544$7,879$7,061
9 years$9,566$8,739$7,978$7,278$6,636$5,853
10 years$8,522$7,703$6,955$6,273$5,654$4,908
11 years$7,668$6,858$6,123$5,460$4,862$4,152
12 years$6,957$6,155$5,434$4,789$4,214$3,538
13 years$6,356$5,562$4,855$4,228$3,674$3,032
14 years$5,842$5,056$4,362$3,753$3,221$2,612
15 years$5,396$4,619$3,938$3,347$2,836$2,259
16 years$5,006$4,238$3,571$2,997$2,506$1,960
17 years$4,663$3,903$3,249$2,693$2,222$1,706
18 years$4,358$3,606$2,966$2,427$1,976$1,488
19 years$4,085$3,342$2,715$2,193$1,761$1,301
20 years$3,841$3,106$2,492$1,986$1,573$1,140
21 years$3,619$2,893$2,292$1,802$1,408$1,000
22 years$3,418$2,700$2,113$1,639$1,262$879
23 years$3,235$2,526$1,951$1,492$1,133$773
24 years$3,067$2,366$1,804$1,361$1,018$681
25 years$2,913$2,221$1,671$1,243$916$600
26 years$2,771$2,087$1,550$1,137$825$529
27 years$2,640$1,964$1,439$1,040$744$467
28 years$2,519$1,851$1,338$953$671$412
29 years$2,405$1,746$1,245$874$606$364
30 years$2,300$1,649$1,160$802$548$322
31 years$2,202$1,559$1,081$737$495$285
32 years$2,110$1,475$1,009$677$448$252
33 years$2,024$1,397$942$623$405$223
34 years$1,943$1,324$880$573$367$198
35 years$1,866$1,256$823$527$332$175
36 years$1,795$1,192$770$486$301$155
37 years$1,727$1,132$720$448$273$137
38 years$1,663$1,076$675$413$248$122
39 years$1,602$1,023$632$380$224$108
40 years$1,545$973$592$351$204$96
41 years$1,490$926$555$324$185$85
42 years$1,439$882$521$299$168$75
43 years$1,389$841$489$276$152$67
44 years$1,343$801$459$255$138$59
45 years$1,298$764$431$235$125$52
46 years$1,255$729$405$217$114$46
47 years$1,215$696$380$201$103$41
48 years$1,176$664$357$185$94$37
49 years$1,139$634$336$171$85$32
50 years$1,103$606$316$158$77$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,130,000, adding $4,505 every year, while hoping to spend $37,076 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: 57/20/23 Blend
43$1,130,000$1,130,000$1,130,000$1,130,000
44$1,249,907$1,190,017$1,172,502$1,313,140
45$1,337,949$1,208,879$1,172,332$1,375,695
46$1,433,728$1,227,423$1,170,914$1,439,506
47$1,537,996$1,245,594$1,168,167$1,508,256
48$1,651,576$1,263,333$1,164,005$1,582,433
49$1,775,378$1,280,577$1,158,340$1,662,573
50$1,910,401$1,297,260$1,151,079$1,749,266
51$2,057,745$1,313,309$1,142,124$1,843,167
52$2,218,621$1,328,647$1,131,371$1,944,995
53$2,394,363$1,343,194$1,118,715$2,055,546
54$2,586,438$1,356,860$1,104,042$2,175,696
55$2,796,462$1,369,553$1,087,234$2,306,412
56$3,026,214$1,381,174$1,068,169$2,448,763
57$3,277,653$1,391,617$1,046,718$2,603,926
58$3,552,936$1,400,768$1,022,745$2,773,200
59$3,854,438$1,408,508$996,109$2,958,018
60$4,184,774$1,414,709$966,663$3,159,963
61$4,546,827$1,419,235$934,252$3,380,777
62$4,943,767$1,421,942$898,713$3,622,386
63$5,379,091$1,422,676$859,879$3,886,912
64$5,856,645$1,421,275$817,573$4,176,697
65$6,380,670$1,417,564$771,609$4,494,323
66$6,955,836$1,411,362$721,794$4,842,640
67$7,587,284$1,402,472$667,928$5,224,789
68$8,280,682$1,390,688$609,798$5,644,236
69$9,042,270$1,375,790$547,185$6,104,803
70$9,878,925$1,357,547$479,859$6,610,706
71$10,798,221$1,335,712$407,579$7,166,594
72$11,808,501$1,310,024$330,095$7,777,594
73$12,918,959$1,280,206$247,144$8,449,361
74$14,139,722$1,245,966$158,453$9,188,129
75$15,481,949$1,206,993$63,736$10,000,775
76$16,957,932$1,162,960$0$10,894,882
77$18,581,215$1,113,519$0$11,887,974
78$20,366,721$1,058,303$0$12,997,394
79$22,330,890$996,924$0$14,217,729
80$24,491,838$928,970$0$15,560,272
81$26,869,523$854,007$0$17,037,468
82$29,485,937$771,576$0$18,663,033
83$32,365,310$681,191$0$20,452,085
84$35,534,341$582,339$0$22,421,287
85$39,022,448$474,478$0$24,589,002
86$42,862,046$357,035$0$26,975,471
87$47,088,851$229,406$0$29,603,001
88$51,742,218$90,951$0$32,496,179
89$56,865,514$0$0$35,682,101
90$62,506,521$0$0$39,203,618
91$68,717,895$0$0$43,103,365
92$75,557,653$0$0$47,397,766
93$83,089,728$0$0$52,126,979
94$91,384,569$0$0$57,335,253
95$100,519,804$0$0$63,071,347
96$110,580,973$0$0$69,388,991
97$121,662,339$0$0$76,347,393
98$133,867,771$0$0$84,011,795
99$147,311,726$0$0$92,454,090
100$162,120,333$0$0$101,753,502