Can I retire at age 44 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$95,792$94,938$94,106$93,293$92,500$89,218
2 years$47,422$46,538$45,683$44,853$44,048$40,776
3 years$31,300$30,413$29,560$28,738$27,946$24,787
4 years$23,241$22,357$21,512$20,704$19,931$16,910
5 years$18,407$17,528$16,694$15,902$15,151$12,276
6 years$15,185$14,313$13,491$12,717$11,989$9,260
7 years$12,885$12,020$11,211$10,456$9,750$7,169
8 years$11,161$10,303$9,508$8,771$8,089$5,652
9 years$9,820$8,971$8,189$7,471$6,812$4,517
10 years$8,748$7,908$7,140$6,440$5,804$3,647
11 years$7,872$7,040$6,286$5,605$4,992$2,967
12 years$7,142$6,318$5,578$4,916$4,326$2,430
13 years$6,525$5,710$4,984$4,340$3,772$1,999
14 years$5,997$5,190$4,478$3,853$3,307$1,652
15 years$5,539$4,741$4,043$3,436$2,911$1,369
16 years$5,139$4,350$3,666$3,077$2,573$1,138
17 years$4,787$4,006$3,336$2,764$2,281$948
18 years$4,474$3,702$3,045$2,491$2,029$791
19 years$4,194$3,431$2,788$2,251$1,808$660
20 years$3,942$3,188$2,558$2,039$1,615$553
21 years$3,715$2,970$2,353$1,850$1,445$463
22 years$3,509$2,772$2,169$1,682$1,295$388
23 years$3,321$2,593$2,002$1,532$1,163$325
24 years$3,149$2,429$1,852$1,397$1,045$273
25 years$2,991$2,280$1,715$1,276$941$229
26 years$2,845$2,143$1,591$1,167$847$192
27 years$2,710$2,016$1,477$1,068$764$162
28 years$2,585$1,900$1,373$979$689$136
29 years$2,469$1,792$1,278$897$622$114
30 years$2,361$1,693$1,190$824$562$96
31 years$2,260$1,600$1,110$756$508$81
32 years$2,166$1,514$1,035$695$460$68
33 years$2,077$1,434$967$639$416$57
34 years$1,994$1,359$903$588$377$48
35 years$1,916$1,289$844$541$341$40
36 years$1,842$1,223$790$499$309$34
37 years$1,773$1,162$739$459$280$29
38 years$1,707$1,104$692$423$254$24
39 years$1,645$1,050$649$390$230$20
40 years$1,586$999$608$360$209$17
41 years$1,530$951$570$332$190$14
42 years$1,477$906$535$307$172$12
43 years$1,426$863$502$283$156$10
44 years$1,378$823$471$261$142$9
45 years$1,332$784$442$241$129$7
46 years$1,289$748$415$223$117$6
47 years$1,247$714$390$206$106$5
48 years$1,207$682$367$190$96$4
49 years$1,169$651$345$176$87$4
50 years$1,133$622$324$163$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,160,000, adding $2,919 every year, while hoping to spend $39,197 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: 84/9/7 Blend
43$1,160,000$1,160,000$1,160,000$1,160,000
44$1,281,331$1,219,851$1,201,871$1,387,940
45$1,370,321$1,237,918$1,200,428$1,476,051
46$1,467,075$1,255,557$1,197,624$1,567,198
47$1,572,343$1,272,706$1,193,370$1,666,078
48$1,686,950$1,289,296$1,187,576$1,773,444
49$1,811,805$1,305,258$1,180,146$1,890,123
50$1,947,908$1,320,515$1,170,980$2,017,026
51$2,096,360$1,334,985$1,159,973$2,155,156
52$2,258,371$1,348,582$1,147,014$2,305,619
53$2,435,275$1,361,212$1,131,990$2,469,632
54$2,628,540$1,372,779$1,114,778$2,648,536
55$2,839,781$1,383,175$1,095,253$2,843,807
56$3,070,777$1,392,289$1,073,282$3,057,072
57$3,323,487$1,400,002$1,048,728$3,290,123
58$3,600,067$1,406,186$1,021,445$3,544,934
59$3,902,893$1,410,708$991,282$3,823,680
60$4,234,578$1,413,423$958,081$4,128,757
61$4,598,004$1,414,180$921,675$4,462,803
62$4,996,341$1,412,815$881,892$4,828,729
63$5,433,083$1,409,158$838,551$5,229,737
64$5,912,077$1,403,026$791,461$5,669,359
65$6,437,560$1,394,226$740,426$6,151,484
66$7,014,199$1,382,551$685,239$6,680,398
67$7,647,136$1,367,785$625,683$7,260,825
68$8,342,033$1,349,695$561,533$7,897,969
69$9,105,129$1,328,039$492,552$8,597,565
70$9,943,295$1,302,556$418,496$9,365,930
71$10,864,102$1,272,972$339,106$10,210,030
72$11,875,888$1,238,995$254,114$11,137,536
73$12,987,842$1,200,319$163,240$12,156,904
74$14,210,084$1,156,617$66,191$13,277,451
75$15,553,765$1,107,544$0$14,509,446
76$17,031,171$1,052,736$0$15,866,995
77$18,655,837$991,806$0$17,365,232
78$20,442,674$924,346$0$19,012,973
79$22,408,112$849,925$0$20,825,388
80$24,570,255$768,086$0$22,819,189
81$26,949,046$678,347$0$25,012,794
82$29,566,461$580,199$0$27,426,498
83$32,446,714$473,103$0$30,082,663
84$35,616,484$356,490$0$33,005,932
85$39,105,167$229,760$0$36,223,460
86$42,945,154$92,277$0$39,765,170
87$47,172,133$0$0$43,664,037
88$51,825,432$0$0$47,962,004
89$56,948,382$0$0$52,703,846
90$62,588,731$0$0$57,924,622
91$68,799,091$0$0$63,673,034
92$75,637,436$0$0$70,002,747
93$83,167,650$0$0$76,972,895
94$91,460,123$0$0$84,648,639
95$100,592,424$0$0$93,101,782
96$110,650,026$0$0$102,411,442
97$121,727,115$0$0$112,664,807
98$133,927,476$0$0$123,957,947
99$147,365,476$0$0$136,396,730
100$162,167,140$0$0$150,097,813