Can I retire at age 44 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$97,443$96,575$95,728$94,902$94,095$90,540
2 years$48,239$47,341$46,470$45,626$44,807$41,267
3 years$31,840$30,938$30,069$29,233$28,427$25,014
4 years$23,642$22,743$21,883$21,061$20,275$17,013
5 years$18,725$17,830$16,982$16,177$15,413$12,311
6 years$15,447$14,560$13,724$12,937$12,195$9,257
7 years$13,107$12,227$11,405$10,636$9,918$7,141
8 years$11,353$10,481$9,672$8,922$8,228$5,610
9 years$9,989$9,126$8,331$7,600$6,929$4,467
10 years$8,899$8,044$7,263$6,551$5,904$3,593
11 years$8,008$7,161$6,394$5,701$5,078$2,912
12 years$7,265$6,427$5,675$5,001$4,400$2,375
13 years$6,638$5,808$5,070$4,415$3,837$1,946
14 years$6,100$5,280$4,555$3,919$3,364$1,601
15 years$5,635$4,823$4,113$3,495$2,962$1,322
16 years$5,228$4,425$3,729$3,130$2,617$1,093
17 years$4,869$4,075$3,393$2,812$2,321$907
18 years$4,551$3,766$3,097$2,534$2,064$753
19 years$4,266$3,490$2,836$2,290$1,839$626
20 years$4,010$3,243$2,602$2,074$1,643$522
21 years$3,779$3,021$2,394$1,882$1,470$435
22 years$3,569$2,820$2,206$1,711$1,318$363
23 years$3,378$2,637$2,037$1,558$1,183$303
24 years$3,203$2,471$1,884$1,421$1,063$253
25 years$3,042$2,319$1,745$1,298$957$211
26 years$2,894$2,179$1,618$1,187$862$177
27 years$2,757$2,051$1,503$1,086$777$148
28 years$2,630$1,933$1,397$995$701$123
29 years$2,512$1,823$1,300$913$633$103
30 years$2,402$1,722$1,211$838$572$86
31 years$2,299$1,628$1,129$769$517$72
32 years$2,203$1,540$1,053$707$468$61
33 years$2,113$1,459$983$650$423$51
34 years$2,029$1,382$919$598$383$42
35 years$1,949$1,311$859$551$347$36
36 years$1,874$1,245$804$507$315$30
37 years$1,803$1,182$752$467$285$25
38 years$1,736$1,123$704$431$258$21
39 years$1,673$1,068$660$397$234$17
40 years$1,613$1,016$619$366$213$15
41 years$1,556$967$580$338$193$12
42 years$1,502$921$544$312$175$10
43 years$1,451$878$511$288$159$9
44 years$1,402$837$479$266$144$7
45 years$1,355$798$450$246$131$6
46 years$1,311$761$423$227$119$5
47 years$1,269$726$397$210$108$4
48 years$1,228$693$373$194$98$4
49 years$1,189$662$351$179$89$3
50 years$1,152$633$330$165$81$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,180,000, adding $4,006 every year, while hoping to spend $54,217 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: 45/32/23 Blend
43$1,180,000$1,180,000$1,180,000$1,180,000
44$1,304,492$1,241,952$1,223,662$1,354,381
45$1,379,864$1,245,121$1,206,968$1,393,136
46$1,461,106$1,246,629$1,187,898$1,429,523
47$1,548,761$1,246,336$1,166,315$1,467,892
48$1,643,424$1,244,095$1,142,075$1,508,455
49$1,745,747$1,239,750$1,115,029$1,551,448
50$1,856,451$1,233,135$1,085,020$1,597,134
51$1,976,324$1,224,073$1,051,883$1,645,808
52$2,106,235$1,212,380$1,015,448$1,697,797
53$2,247,140$1,197,855$975,534$1,753,464
54$2,400,088$1,180,290$931,954$1,813,217
55$2,566,235$1,159,462$884,512$1,877,507
56$2,746,851$1,135,135$833,004$1,946,837
57$2,943,334$1,107,061$777,213$2,021,764
58$3,157,222$1,074,974$716,917$2,102,910
59$3,390,206$1,038,596$651,882$2,190,965
60$3,644,150$997,630$581,863$2,286,695
61$3,921,103$951,764$506,605$2,390,950
62$4,223,320$900,665$425,841$2,504,676
63$4,553,285$843,984$339,293$2,628,919
64$4,913,731$781,350$246,670$2,764,842
65$5,307,666$712,371$147,668$2,913,734
66$5,738,404$636,633$41,971$3,077,022
67$6,209,592$553,699$0$3,256,292
68$6,725,246$463,105$0$3,470,678
69$7,289,789$364,365$0$3,716,865
70$7,908,089$256,961$0$3,986,782
71$8,585,511$140,349$0$4,282,907
72$9,327,960$13,952$0$4,607,973
73$10,141,940$0$0$4,965,002
74$11,034,617$0$0$5,400,584
75$12,013,879$0$0$5,883,949
76$13,088,419$0$0$6,414,490
77$14,267,809$0$0$6,996,954
78$15,562,594$0$0$7,636,567
79$16,984,391$0$0$8,339,087
80$18,545,996$0$0$9,110,857
81$20,261,503$0$0$9,958,865
82$22,146,443$0$0$10,890,809
83$24,217,922$0$0$11,915,170
84$26,494,786$0$0$13,041,290
85$28,997,800$0$0$14,279,464
86$31,749,839$0$0$15,641,033
87$34,776,105$0$0$17,138,491
88$38,104,365$0$0$18,785,606
89$41,765,212$0$0$20,597,544
90$45,792,353$0$0$22,591,018
91$50,222,926$0$0$24,784,440
92$55,097,849$0$0$27,198,100
93$60,462,208$0$0$29,854,350
94$66,365,680$0$0$32,777,823
95$72,863,000$0$0$35,995,657
96$80,014,480$0$0$39,537,757
97$87,886,573$0$0$43,437,073
98$96,552,504$0$0$47,729,913
99$106,092,958$0$0$52,456,284
100$116,596,839$0$0$57,660,270