Can I retire at age 44 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$99,921$99,031$98,162$97,315$96,487$95,202
2 years$49,466$48,544$47,652$46,786$45,946$44,654
3 years$32,650$31,724$30,834$29,976$29,150$27,891
4 years$24,243$23,321$22,439$21,596$20,790$19,573
5 years$19,201$18,284$17,414$16,588$15,804$14,633
6 years$15,840$14,930$14,073$13,265$12,505$11,381
7 years$13,441$12,538$11,695$10,906$10,170$9,094
8 years$11,642$10,748$9,918$9,149$8,437$7,408
9 years$10,243$9,358$8,542$7,793$7,105$6,123
10 years$9,125$8,248$7,447$6,718$6,054$5,119
11 years$8,211$7,343$6,557$5,846$5,207$4,317
12 years$7,450$6,591$5,819$5,128$4,512$3,666
13 years$6,806$5,956$5,199$4,527$3,935$3,132
14 years$6,255$5,414$4,671$4,019$3,449$2,689
15 years$5,778$4,946$4,217$3,584$3,037$2,318
16 years$5,361$4,538$3,824$3,209$2,684$2,004
17 years$4,993$4,179$3,479$2,883$2,380$1,738
18 years$4,667$3,862$3,176$2,599$2,116$1,511
19 years$4,375$3,579$2,908$2,348$1,886$1,316
20 years$4,112$3,326$2,668$2,127$1,685$1,149
21 years$3,875$3,098$2,455$1,930$1,508$1,004
22 years$3,660$2,892$2,262$1,755$1,351$879
23 years$3,464$2,704$2,089$1,598$1,213$770
24 years$3,285$2,534$1,932$1,458$1,090$676
25 years$3,120$2,378$1,789$1,331$981$593
26 years$2,968$2,235$1,659$1,217$884$521
27 years$2,827$2,103$1,541$1,114$797$458
28 years$2,697$1,982$1,432$1,021$719$403
29 years$2,576$1,870$1,333$936$649$355
30 years$2,463$1,766$1,242$859$587$312
31 years$2,358$1,669$1,158$789$530$275
32 years$2,259$1,579$1,080$725$480$242
33 years$2,167$1,496$1,008$667$434$214
34 years$2,080$1,418$942$613$393$188
35 years$1,999$1,345$881$565$356$166
36 years$1,922$1,276$824$520$323$146
37 years$1,849$1,212$771$479$292$129
38 years$1,781$1,152$722$442$265$114
39 years$1,716$1,095$677$407$240$101
40 years$1,654$1,042$634$376$218$89
41 years$1,596$992$595$347$198$78
42 years$1,541$945$558$320$179$69
43 years$1,488$900$524$295$163$61
44 years$1,438$858$491$273$148$54
45 years$1,390$818$461$252$134$48
46 years$1,344$781$433$233$122$42
47 years$1,301$745$407$215$111$37
48 years$1,259$711$383$199$100$33
49 years$1,219$679$360$183$91$29
50 years$1,181$649$338$170$83$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,210,000, adding $4,642 every year, while hoping to spend $28,239 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: 67/18/15 Blend
43$1,210,000$1,210,000$1,210,000$1,210,000
44$1,338,208$1,274,078$1,255,323$1,422,837
45$1,444,659$1,306,462$1,267,330$1,512,273
46$1,561,022$1,339,486$1,278,794$1,606,279
47$1,688,278$1,373,152$1,289,664$1,708,359
48$1,827,506$1,407,461$1,299,892$1,819,303
49$1,979,897$1,442,412$1,309,424$1,939,982
50$2,146,761$1,478,004$1,318,204$2,071,354
51$2,329,539$1,514,235$1,326,172$2,214,474
52$2,529,821$1,551,101$1,333,268$2,370,505
53$2,749,355$1,588,598$1,339,425$2,540,727
54$2,990,069$1,626,719$1,344,576$2,726,552
55$3,254,085$1,665,457$1,348,648$2,929,534
56$3,543,740$1,704,803$1,351,566$3,151,385
57$3,861,608$1,744,745$1,353,250$3,393,993
58$4,210,526$1,785,271$1,353,617$3,659,435
59$4,593,617$1,826,366$1,352,581$3,950,001
60$5,014,322$1,868,014$1,350,048$4,268,216
61$5,476,432$1,910,196$1,345,924$4,616,859
62$5,984,122$1,952,890$1,340,107$4,998,995
63$6,541,994$1,996,073$1,332,491$5,417,999
64$7,155,114$2,039,717$1,322,967$5,877,590
65$7,829,066$2,083,794$1,311,417$6,381,869
66$8,570,002$2,128,271$1,297,720$6,935,351
67$9,384,698$2,173,112$1,281,750$7,543,013
68$10,280,620$2,218,278$1,263,371$8,210,342
69$11,265,995$2,263,725$1,242,446$8,943,379
70$12,349,886$2,309,407$1,218,827$9,748,787
71$13,542,278$2,355,272$1,192,362$10,633,905
72$14,854,175$2,401,264$1,162,891$11,606,820
73$16,297,699$2,447,324$1,130,245$12,676,448
74$17,886,206$2,493,385$1,094,251$13,852,609
75$19,634,415$2,539,377$1,054,724$15,146,129
76$21,558,542$2,585,223$1,011,473$16,568,937
77$23,676,453$2,630,839$964,298$18,134,180
78$26,007,839$2,676,138$912,990$19,856,344
79$28,574,392$2,721,022$857,328$21,751,395
80$31,400,017$2,765,389$797,086$23,836,929
81$34,511,053$2,809,127$732,022$26,132,333
82$37,936,524$2,852,118$661,889$28,658,978
83$41,708,411$2,894,234$586,424$31,440,412
84$45,861,956$2,935,338$505,356$34,502,587
85$50,435,989$2,975,283$418,399$37,874,101
86$55,473,302$3,013,914$325,257$41,586,474
87$61,021,044$3,051,062$225,619$45,674,440
88$67,131,175$3,086,548$119,162$50,176,277
89$73,860,948$3,120,181$5,547$55,134,170
90$81,273,453$3,151,759$0$60,594,608
91$89,438,212$3,181,061$0$66,627,342
92$98,431,834$3,207,859$0$73,272,467
93$108,338,741$3,231,903$0$80,591,376
94$119,251,958$3,252,932$0$88,652,705
95$131,273,997$3,270,665$0$97,532,091
96$144,517,821$3,284,804$0$107,312,881
97$159,107,913$3,295,034$0$118,086,926
98$175,181,446$3,301,016$0$129,955,442
99$192,889,583$3,302,395$0$143,029,971
100$212,398,897$3,298,790$0$157,433,430