Can I retire at age 44 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$102,398$101,486$100,596$99,727$98,879$97,725
2 years$50,692$49,748$48,833$47,946$47,085$45,923
3 years$33,459$32,511$31,598$30,719$29,873$28,739
4 years$24,844$23,899$22,995$22,132$21,306$20,209
5 years$19,677$18,737$17,845$16,999$16,196$15,140
6 years$16,233$15,300$14,422$13,594$12,815$11,801
7 years$13,774$12,849$11,985$11,177$10,422$9,450
8 years$11,930$11,014$10,164$9,376$8,646$7,717
9 years$10,497$9,590$8,754$7,986$7,282$6,393
10 years$9,352$8,453$7,632$6,884$6,204$5,357
11 years$8,415$7,525$6,719$5,991$5,336$4,529
12 years$7,635$6,754$5,963$5,255$4,624$3,857
13 years$6,975$6,104$5,328$4,640$4,032$3,304
14 years$6,410$5,548$4,787$4,118$3,535$2,843
15 years$5,921$5,068$4,322$3,673$3,112$2,457
16 years$5,494$4,650$3,918$3,289$2,750$2,131
17 years$5,117$4,283$3,566$2,955$2,439$1,853
18 years$4,782$3,957$3,255$2,663$2,168$1,616
19 years$4,483$3,668$2,980$2,406$1,933$1,412
20 years$4,214$3,408$2,735$2,179$1,726$1,236
21 years$3,971$3,174$2,515$1,978$1,545$1,083
22 years$3,751$2,963$2,318$1,798$1,385$951
23 years$3,550$2,771$2,141$1,638$1,243$836
24 years$3,366$2,597$1,980$1,494$1,117$736
25 years$3,197$2,437$1,834$1,364$1,005$648
26 years$3,041$2,290$1,701$1,247$906$571
27 years$2,897$2,155$1,579$1,142$817$504
28 years$2,764$2,031$1,468$1,046$737$444
29 years$2,640$1,916$1,366$959$665$392
30 years$2,524$1,810$1,272$880$601$347
31 years$2,416$1,711$1,186$809$543$306
32 years$2,315$1,619$1,107$743$492$271
33 years$2,221$1,533$1,033$683$445$239
34 years$2,132$1,453$966$629$403$212
35 years$2,048$1,378$903$579$365$187
36 years$1,969$1,308$844$533$331$166
37 years$1,895$1,242$790$491$300$147
38 years$1,825$1,180$740$453$272$130
39 years$1,758$1,123$693$417$246$115
40 years$1,695$1,068$650$385$223$102
41 years$1,635$1,017$609$355$203$90
42 years$1,579$968$572$328$184$80
43 years$1,525$922$536$303$167$71
44 years$1,473$879$504$279$152$63
45 years$1,424$839$473$258$138$56
46 years$1,378$800$444$238$125$49
47 years$1,333$763$417$220$113$44
48 years$1,290$729$392$203$103$39
49 years$1,250$696$369$188$94$34
50 years$1,211$665$346$174$85$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,240,000, adding $6,782 every year, while hoping to spend $28,257 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: 69/12/19 Blend
43$1,240,000$1,240,000$1,240,000$1,240,000
44$1,373,476$1,307,756$1,288,536$1,461,429
45$1,483,505$1,341,770$1,301,636$1,555,009
46$1,603,810$1,376,505$1,314,229$1,653,411
47$1,735,410$1,411,964$1,326,266$1,760,384
48$1,879,425$1,448,154$1,337,699$1,876,774
49$2,037,090$1,485,077$1,348,476$2,003,509
50$2,209,764$1,522,738$1,358,542$2,141,614
51$2,398,946$1,561,137$1,367,839$2,292,214
52$2,606,284$1,600,278$1,376,306$2,456,554
53$2,833,593$1,640,160$1,383,881$2,636,000
54$3,082,874$1,680,782$1,390,495$2,832,061
55$3,356,329$1,722,143$1,396,079$3,046,398
56$3,656,386$1,764,240$1,400,559$3,280,840
57$3,985,717$1,807,066$1,403,857$3,537,405
58$4,347,265$1,850,618$1,405,891$3,818,314
59$4,744,273$1,894,885$1,406,576$4,126,016
60$5,180,315$1,939,860$1,405,822$4,463,207
61$5,659,324$1,985,531$1,403,535$4,832,861
62$6,185,638$2,031,884$1,399,615$5,238,253
63$6,764,030$2,078,904$1,393,960$5,682,992
64$7,399,764$2,126,573$1,386,460$6,171,056
65$8,098,635$2,174,870$1,377,001$6,706,827
66$8,867,030$2,223,773$1,365,465$7,295,135
67$9,711,984$2,273,255$1,351,726$7,941,302
68$10,641,251$2,323,289$1,335,653$8,651,195
69$11,663,370$2,373,841$1,317,108$9,431,275
70$12,787,751$2,424,877$1,295,949$10,288,667
71$14,024,763$2,476,358$1,272,025$11,231,218
72$15,385,829$2,528,239$1,245,178$12,267,580
73$16,883,536$2,580,475$1,215,244$13,407,284
74$18,531,752$2,633,014$1,182,050$14,660,837
75$20,345,758$2,685,799$1,145,415$16,039,814
76$22,342,391$2,738,769$1,105,153$17,556,974
77$24,540,204$2,791,858$1,061,064$19,226,377
78$26,959,638$2,844,993$1,012,944$21,063,517
79$29,623,220$2,898,096$960,576$23,085,471
80$32,555,768$2,951,082$903,735$25,311,055
81$35,784,633$3,003,861$842,186$27,761,008
82$39,339,949$3,056,334$775,683$30,458,184
83$43,254,923$3,108,394$703,968$33,427,770
84$47,566,148$3,159,928$626,773$36,697,522
85$52,313,943$3,210,812$543,818$40,298,029
86$57,542,738$3,260,915$454,809$44,262,999
87$63,301,493$3,310,095$359,441$48,629,584
88$69,644,157$3,358,202$257,394$53,438,724
89$76,630,178$3,405,071$148,334$58,735,537
90$84,325,068$3,450,531$31,914$64,569,744
91$92,801,011$3,494,394$0$70,996,142
92$102,137,557$3,536,462$0$78,093,835
93$112,422,363$3,576,523$0$85,918,776
94$123,752,022$3,614,350$0$94,537,906
95$136,232,977$3,649,702$0$104,032,133
96$149,982,524$3,682,322$0$114,490,612
97$165,129,920$3,711,934$0$126,011,592
98$181,817,599$3,738,245$0$138,703,341
99$200,202,520$3,760,946$0$152,685,168
100$220,457,649$3,779,704$0$168,088,549