Can I retire at age 44 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$94,140$93,302$92,483$91,685$90,905$89,033
2 years$46,604$45,736$44,895$44,079$43,288$41,411
3 years$30,761$29,889$29,050$28,242$27,464$25,640
4 years$22,841$21,972$21,141$20,347$19,587$17,830
5 years$18,090$17,226$16,406$15,628$14,890$13,205
6 years$14,924$14,066$13,259$12,498$11,782$10,171
7 years$12,663$11,813$11,018$10,275$9,582$8,045
8 years$10,968$10,126$9,344$8,620$7,949$6,486
9 years$9,651$8,816$8,048$7,342$6,694$5,304
10 years$8,597$7,771$7,017$6,329$5,704$4,385
11 years$7,736$6,918$6,177$5,508$4,906$3,657
12 years$7,019$6,209$5,482$4,831$4,251$3,070
13 years$6,413$5,612$4,898$4,265$3,707$2,592
14 years$5,893$5,101$4,401$3,786$3,250$2,198
15 years$5,444$4,660$3,973$3,377$2,861$1,871
16 years$5,051$4,275$3,602$3,023$2,529$1,598
17 years$4,704$3,937$3,278$2,717$2,242$1,368
18 years$4,397$3,638$2,992$2,448$1,994$1,174
19 years$4,122$3,372$2,739$2,212$1,777$1,009
20 years$3,874$3,133$2,514$2,004$1,587$869
21 years$3,651$2,918$2,313$1,818$1,420$749
22 years$3,448$2,724$2,131$1,653$1,273$647
23 years$3,264$2,548$1,968$1,506$1,143$559
24 years$3,094$2,387$1,820$1,373$1,027$483
25 years$2,939$2,240$1,686$1,254$924$418
26 years$2,796$2,106$1,563$1,147$833$362
27 years$2,664$1,982$1,452$1,050$751$314
28 years$2,541$1,867$1,350$962$677$272
29 years$2,427$1,762$1,256$882$612$236
30 years$2,321$1,664$1,170$809$553$205
31 years$2,221$1,573$1,091$743$500$178
32 years$2,129$1,488$1,018$683$452$154
33 years$2,042$1,409$950$628$409$134
34 years$1,960$1,336$888$578$370$116
35 years$1,883$1,267$830$532$335$101
36 years$1,811$1,202$776$490$304$88
37 years$1,742$1,142$727$451$275$76
38 years$1,678$1,085$681$416$250$66
39 years$1,616$1,032$638$384$226$58
40 years$1,559$982$598$354$205$50
41 years$1,504$935$560$327$186$43
42 years$1,451$890$526$301$169$38
43 years$1,402$848$493$278$153$33
44 years$1,354$808$463$257$139$29
45 years$1,309$771$435$237$126$25
46 years$1,267$735$408$219$115$22
47 years$1,226$702$384$202$104$19
48 years$1,186$670$360$187$95$16
49 years$1,149$640$339$173$86$14
50 years$1,113$611$319$160$78$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,140,000, adding $2,170 every year, while hoping to spend $41,368 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: 81/5/14 Blend
43$1,140,000$1,140,000$1,140,000$1,140,000
44$1,258,518$1,198,098$1,180,428$1,356,814
45$1,342,872$1,212,790$1,175,957$1,436,385
46$1,434,443$1,226,815$1,169,950$1,518,115
47$1,533,925$1,240,097$1,162,312$1,606,633
48$1,642,078$1,252,555$1,152,942$1,702,603
49$1,759,741$1,264,101$1,141,737$1,806,753
50$1,887,836$1,274,644$1,128,587$1,919,884
51$2,027,378$1,284,084$1,113,377$2,042,882
52$2,179,483$1,292,317$1,095,988$2,176,720
53$2,345,380$1,299,230$1,076,293$2,322,470
54$2,526,422$1,304,705$1,054,162$2,481,316
55$2,724,097$1,308,616$1,029,457$2,654,560
56$2,940,045$1,310,828$1,002,033$2,843,637
57$3,176,069$1,311,197$971,740$3,050,128
58$3,434,155$1,309,574$938,421$3,275,776
59$3,716,492$1,305,795$901,911$3,522,500
60$4,025,486$1,299,692$862,037$3,792,418
61$4,363,791$1,291,081$818,620$4,087,859
62$4,734,325$1,279,772$771,471$4,411,395
63$5,140,304$1,265,559$720,394$4,765,855
64$5,585,270$1,248,226$665,182$5,154,361
65$6,073,124$1,227,545$605,622$5,580,350
66$6,608,160$1,203,273$541,488$6,047,613
67$7,195,111$1,175,151$472,546$6,560,326
68$7,839,187$1,142,909$398,552$7,123,090
69$8,546,130$1,106,258$319,249$7,740,979
70$9,322,263$1,064,892$234,371$8,419,582
71$10,174,551$1,018,488$143,640$9,165,059
72$11,110,666$966,705$46,763$9,984,200
73$12,139,062$909,182$0$10,884,488
74$13,269,051$845,536$0$11,882,625
75$14,510,890$775,364$0$12,987,248
76$15,875,881$698,237$0$14,201,428
77$17,376,475$613,705$0$15,536,255
78$19,026,389$521,290$0$17,003,949
79$20,840,736$420,488$0$18,617,973
80$22,836,167$310,768$0$20,393,160
81$25,031,026$191,566$0$22,345,858
82$27,445,527$62,288$0$24,494,076
83$30,101,938$0$0$26,857,660
84$33,024,798$0$0$29,462,753
85$36,241,142$0$0$32,333,227
86$39,780,760$0$0$35,492,245
87$43,676,474$0$0$38,969,106
88$47,964,449$0$0$42,796,092
89$52,684,538$0$0$47,008,772
90$57,880,648$0$0$51,646,341
91$63,601,163$0$0$56,751,986
92$69,899,397$0$0$62,373,296
93$76,834,094$0$0$68,562,706
94$84,469,987$0$0$75,377,997
95$92,878,403$0$0$82,882,837
96$102,137,941$0$0$91,147,384
97$112,335,209$0$0$100,248,945
98$123,565,643$0$0$110,272,708
99$135,934,407$0$0$121,312,544
100$149,557,385$0$0$133,471,891