Can I retire at age 44 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$98,269$97,394$96,540$95,706$94,892$91,598
2 years$48,648$47,742$46,864$46,013$45,187$41,902
3 years$32,110$31,200$30,324$29,481$28,668$25,496
4 years$23,842$22,935$22,068$21,239$20,447$17,411
5 years$18,883$17,982$17,126$16,314$15,543$12,653
6 years$15,578$14,683$13,840$13,046$12,299$9,556
7 years$13,218$12,331$11,501$10,726$10,002$7,406
8 years$11,449$10,570$9,754$8,998$8,298$5,846
9 years$10,074$9,203$8,401$7,664$6,988$4,677
10 years$8,975$8,112$7,324$6,607$5,954$3,781
11 years$8,076$7,222$6,448$5,750$5,121$3,081
12 years$7,327$6,482$5,723$5,043$4,437$2,526
13 years$6,694$5,858$5,113$4,452$3,870$2,081
14 years$6,152$5,324$4,594$3,952$3,392$1,722
15 years$5,682$4,864$4,148$3,525$2,987$1,429
16 years$5,272$4,463$3,760$3,156$2,640$1,189
17 years$4,910$4,110$3,422$2,836$2,340$992
18 years$4,589$3,798$3,124$2,556$2,081$829
19 years$4,302$3,520$2,860$2,309$1,855$694
20 years$4,044$3,271$2,624$2,091$1,657$581
21 years$3,811$3,046$2,414$1,898$1,483$487
22 years$3,600$2,844$2,225$1,726$1,329$409
23 years$3,407$2,660$2,054$1,572$1,193$344
24 years$3,230$2,492$1,900$1,433$1,072$289
25 years$3,068$2,339$1,760$1,309$965$243
26 years$2,919$2,198$1,632$1,197$869$204
27 years$2,780$2,069$1,515$1,096$784$172
28 years$2,652$1,949$1,409$1,004$707$145
29 years$2,533$1,839$1,311$921$638$122
30 years$2,422$1,737$1,221$845$577$103
31 years$2,319$1,642$1,138$776$522$86
32 years$2,222$1,553$1,062$713$472$73
33 years$2,131$1,471$992$656$427$61
34 years$2,046$1,394$927$603$387$52
35 years$1,966$1,322$866$555$350$44
36 years$1,890$1,255$810$512$317$37
37 years$1,819$1,192$759$471$288$31
38 years$1,751$1,133$710$434$261$26
39 years$1,687$1,077$666$401$236$22
40 years$1,627$1,025$624$369$214$19
41 years$1,570$976$585$341$195$16
42 years$1,515$929$549$315$176$13
43 years$1,463$885$515$290$160$11
44 years$1,414$844$483$268$145$9
45 years$1,367$805$454$248$132$8
46 years$1,322$768$426$229$120$7
47 years$1,279$733$400$211$109$6
48 years$1,238$699$376$195$99$5
49 years$1,199$668$354$180$90$4
50 years$1,162$638$333$167$82$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,190,000, adding $6,777 every year, while hoping to spend $42,253 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: 57/37/6 Blend
43$1,190,000$1,190,000$1,190,000$1,190,000
44$1,318,370$1,255,300$1,236,855$1,391,491
45$1,407,887$1,271,853$1,233,333$1,457,993
46$1,505,119$1,287,801$1,228,277$1,525,055
47$1,610,807$1,303,070$1,221,590$1,597,068
48$1,725,769$1,317,580$1,213,173$1,674,508
49$1,850,903$1,331,246$1,202,920$1,757,900
50$1,987,197$1,343,979$1,190,720$1,847,823
51$2,135,739$1,355,683$1,176,457$1,944,916
52$2,297,727$1,366,254$1,160,011$2,049,883
53$2,474,479$1,375,583$1,141,255$2,163,504
54$2,667,444$1,383,555$1,120,055$2,286,634
55$2,878,219$1,390,045$1,096,273$2,420,222
56$3,108,562$1,394,923$1,069,763$2,565,310
57$3,360,409$1,398,047$1,040,373$2,723,051
58$3,635,889$1,399,270$1,007,944$2,894,715
59$3,937,349$1,398,433$972,309$3,081,706
60$4,267,371$1,395,369$933,294$3,285,569
61$4,628,801$1,389,900$890,718$3,508,011
62$5,024,771$1,381,837$844,389$3,750,915
63$5,458,730$1,370,980$794,108$4,016,358
64$5,934,478$1,357,115$739,669$4,306,631
65$6,456,200$1,340,019$680,852$4,624,263
66$7,028,504$1,319,452$617,433$4,972,040
67$7,656,467$1,295,160$549,172$5,353,041
68$8,345,680$1,266,877$475,823$5,770,656
69$9,102,304$1,234,318$397,127$6,228,631
70$9,933,121$1,197,182$312,813$6,731,092
71$10,845,607$1,155,152$222,600$7,282,594
72$11,847,995$1,107,890$126,194$7,888,161
73$12,949,355$1,055,041$23,285$8,553,331
74$14,159,679$996,227$0$9,284,216
75$15,489,974$931,051$0$10,093,096
76$16,952,369$859,090$0$10,983,813
77$18,560,225$779,899$0$11,963,095
78$20,328,261$693,007$0$13,040,006
79$22,272,696$597,917$0$14,224,540
80$24,411,398$494,102$0$15,527,717
81$26,764,055$381,008$0$16,961,688
82$29,352,358$258,046$0$18,539,850
83$32,200,207$124,598$0$20,276,975
84$35,333,934$0$0$22,189,350
85$38,782,554$0$0$24,303,071
86$42,578,037$0$0$26,685,345
87$46,755,609$0$0$29,307,567
88$51,354,083$0$0$32,194,116
89$56,416,228$0$0$35,371,853
90$61,989,169$0$0$38,870,379
91$68,124,832$0$0$42,722,308
92$74,880,435$0$0$46,963,579
93$82,319,026$0$0$51,633,793
94$90,510,077$0$0$56,776,587
95$99,530,143$0$0$62,440,044
96$109,463,579$0$0$68,677,150
97$120,403,339$0$0$75,546,289
98$132,451,850$0$0$83,111,799
99$145,721,981$0$0$91,444,574
100$160,338,106$0$0$100,622,737