Can I retire at age 44 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$100,746$99,849$98,974$98,119$97,285$95,634
2 years$49,874$48,946$48,045$47,173$46,326$44,668
3 years$32,919$31,987$31,089$30,224$29,391$27,777
4 years$24,443$23,513$22,625$21,775$20,962$19,405
5 years$19,359$18,435$17,558$16,725$15,935$14,439
6 years$15,971$15,053$14,189$13,375$12,609$11,176
7 years$13,552$12,642$11,791$10,996$10,254$8,885
8 years$11,738$10,836$10,000$9,225$8,507$7,201
9 years$10,328$9,435$8,613$7,857$7,164$5,920
10 years$9,201$8,317$7,509$6,773$6,104$4,922
11 years$8,279$7,404$6,611$5,895$5,250$4,127
12 years$7,512$6,645$5,867$5,170$4,549$3,485
13 years$6,863$6,005$5,242$4,565$3,967$2,960
14 years$6,307$5,459$4,710$4,052$3,478$2,526
15 years$5,826$4,987$4,252$3,614$3,062$2,164
16 years$5,405$4,575$3,855$3,236$2,706$1,859
17 years$5,034$4,213$3,508$2,907$2,399$1,602
18 years$4,705$3,893$3,202$2,620$2,133$1,384
19 years$4,411$3,608$2,932$2,367$1,902$1,198
20 years$4,146$3,353$2,691$2,144$1,699$1,038
21 years$3,907$3,123$2,475$1,946$1,520$901
22 years$3,690$2,915$2,281$1,769$1,362$784
23 years$3,493$2,727$2,106$1,611$1,223$682
24 years$3,312$2,555$1,948$1,470$1,099$594
25 years$3,145$2,398$1,804$1,342$989$518
26 years$2,992$2,253$1,673$1,227$891$452
27 years$2,850$2,121$1,554$1,123$803$394
28 years$2,719$1,998$1,444$1,029$725$344
29 years$2,597$1,885$1,344$944$655$301
30 years$2,483$1,780$1,252$866$591$263
31 years$2,377$1,683$1,167$795$535$230
32 years$2,278$1,592$1,089$731$484$201
33 years$2,185$1,508$1,017$672$438$176
34 years$2,097$1,429$950$619$396$154
35 years$2,015$1,356$888$569$359$135
36 years$1,938$1,287$831$524$325$118
37 years$1,864$1,222$778$483$295$103
38 years$1,795$1,161$728$445$267$90
39 years$1,730$1,104$682$411$242$79
40 years$1,668$1,051$640$379$220$69
41 years$1,609$1,000$600$349$199$61
42 years$1,553$953$563$323$181$53
43 years$1,500$908$528$298$164$47
44 years$1,450$865$495$275$149$41
45 years$1,401$825$465$254$135$36
46 years$1,355$787$437$234$123$31
47 years$1,312$751$411$217$112$27
48 years$1,270$717$386$200$101$24
49 years$1,230$685$363$185$92$21
50 years$1,191$654$341$171$84$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,220,000, adding $3,077 every year, while hoping to spend $33,912 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: 65/15/20 Blend
43$1,220,000$1,220,000$1,220,000$1,220,000
44$1,347,614$1,282,954$1,264,044$1,428,192
45$1,448,988$1,309,737$1,270,307$1,509,469
46$1,559,567$1,336,695$1,275,644$1,594,113
47$1,680,251$1,363,802$1,279,987$1,685,816
48$1,812,037$1,391,028$1,283,266$1,785,273
49$1,956,016$1,418,340$1,285,408$1,893,246
50$2,113,396$1,445,705$1,286,334$2,010,578
51$2,285,500$1,473,082$1,285,965$2,138,194
52$2,473,790$1,500,433$1,284,214$2,277,118
53$2,679,874$1,527,711$1,280,992$2,428,476
54$2,905,522$1,554,869$1,276,206$2,593,508
55$3,152,683$1,581,855$1,269,756$2,773,584
56$3,423,504$1,608,614$1,261,541$2,970,210
57$3,720,351$1,635,086$1,251,452$3,185,050
58$4,045,827$1,661,205$1,239,376$3,419,934
59$4,402,801$1,686,903$1,225,194$3,676,883
60$4,794,431$1,712,106$1,208,783$3,958,123
61$5,224,198$1,736,734$1,190,012$4,266,105
62$5,695,934$1,760,702$1,168,745$4,603,535
63$6,213,861$1,783,919$1,144,841$4,973,394
64$6,782,631$1,806,287$1,118,149$5,378,966
65$7,407,367$1,827,702$1,088,514$5,823,872
66$8,093,712$1,848,053$1,055,773$6,312,106
67$8,847,884$1,867,222$1,019,755$6,848,066
68$9,676,733$1,885,080$980,282$7,436,602
69$10,587,805$1,901,495$937,166$8,083,061
70$11,589,415$1,916,321$890,215$8,793,333
71$12,690,720$1,929,406$839,222$9,573,915
72$13,901,813$1,940,586$783,975$10,431,965
73$15,233,811$1,949,688$724,252$11,375,374
74$16,698,965$1,956,528$659,819$12,412,839
75$18,310,770$1,960,909$590,434$13,553,947
76$20,084,098$1,962,622$515,843$14,809,265
77$22,035,332$1,961,447$435,780$16,190,439
78$24,182,526$1,957,148$349,968$17,710,307
79$26,545,571$1,949,476$258,120$19,383,018
80$29,146,384$1,938,165$159,931$21,224,167
81$32,009,114$1,922,934$55,088$23,250,944
82$35,160,372$1,903,486$0$25,482,294
83$38,629,477$1,879,504$0$27,951,220
84$42,448,738$1,850,654$0$30,681,950
85$46,653,753$1,816,580$0$33,688,159
86$51,283,750$1,776,907$0$36,997,887
87$56,381,953$1,731,236$0$40,642,031
88$61,995,992$1,679,146$0$44,654,643
89$68,178,349$1,620,190$0$49,073,244
90$74,986,858$1,553,897$0$53,939,185
91$82,485,247$1,479,766$0$59,298,037
92$90,743,737$1,397,270$0$65,200,014
93$99,839,710$1,305,848$0$71,700,458
94$109,858,436$1,204,911$0$78,860,353
95$120,893,878$1,093,832$0$86,746,905
96$133,049,575$971,952$0$95,434,176
97$146,439,626$838,572$0$105,003,784
98$161,189,761$692,955$0$115,545,672
99$177,438,528$534,321$0$127,158,960
100$195,338,603$361,848$0$139,952,878