Can I retire at age 44 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$109,004$108,033$107,086$106,161$105,259$103,814
2 years$53,963$52,958$51,984$51,039$50,123$48,671
3 years$35,618$34,608$33,637$32,701$31,800$30,384
4 years$26,447$25,441$24,479$23,559$22,680$21,312
5 years$20,946$19,946$18,997$18,096$17,241$15,925
6 years$17,280$16,287$15,352$14,471$13,642$12,379
7 years$14,662$13,678$12,758$11,898$11,095$9,886
8 years$12,700$11,725$10,820$9,981$9,204$8,049
9 years$11,175$10,208$9,319$8,501$7,751$6,649
10 years$9,955$8,998$8,124$7,328$6,604$5,555
11 years$8,958$8,011$7,153$6,378$5,680$4,681
12 years$8,127$7,190$6,348$5,594$4,922$3,974
13 years$7,425$6,498$5,671$4,939$4,292$3,393
14 years$6,824$5,906$5,096$4,384$3,763$2,910
15 years$6,303$5,395$4,601$3,910$3,313$2,507
16 years$5,848$4,950$4,171$3,501$2,928$2,166
17 years$5,447$4,559$3,796$3,146$2,596$1,877
18 years$5,091$4,213$3,465$2,835$2,308$1,631
19 years$4,772$3,904$3,172$2,561$2,057$1,420
20 years$4,486$3,628$2,911$2,320$1,838$1,238
21 years$4,228$3,379$2,678$2,105$1,645$1,082
22 years$3,993$3,154$2,468$1,914$1,474$946
23 years$3,779$2,950$2,279$1,743$1,323$828
24 years$3,583$2,764$2,107$1,590$1,189$726
25 years$3,403$2,594$1,952$1,452$1,070$637
26 years$3,237$2,438$1,810$1,328$964$559
27 years$3,084$2,294$1,681$1,215$869$491
28 years$2,942$2,162$1,563$1,114$784$432
29 years$2,810$2,040$1,454$1,021$708$380
30 years$2,687$1,926$1,355$937$640$334
31 years$2,572$1,821$1,263$861$579$294
32 years$2,465$1,723$1,178$791$523$259
33 years$2,364$1,632$1,100$727$474$228
34 years$2,269$1,546$1,028$669$429$201
35 years$2,180$1,467$961$616$388$177
36 years$2,096$1,392$899$567$352$156
37 years$2,017$1,322$841$523$319$137
38 years$1,943$1,257$788$482$289$121
39 years$1,872$1,195$738$444$262$107
40 years$1,805$1,137$692$410$238$94
41 years$1,741$1,082$649$378$216$83
42 years$1,681$1,031$609$349$196$73
43 years$1,623$982$571$322$178$65
44 years$1,568$936$536$297$161$57
45 years$1,516$893$503$275$146$50
46 years$1,466$852$473$254$133$44
47 years$1,419$813$444$234$121$39
48 years$1,374$776$417$217$110$35
49 years$1,330$741$392$200$100$30
50 years$1,289$708$369$185$90$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,320,000, adding $2,700 every year, while hoping to spend $44,474 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: 36/45/19 Blend
43$1,320,000$1,320,000$1,320,000$1,320,000
44$1,457,425$1,387,465$1,367,005$1,501,393
45$1,558,762$1,408,131$1,365,480$1,554,315
46$1,668,946$1,428,319$1,362,413$1,607,051
47$1,788,830$1,447,958$1,357,705$1,663,059
48$1,919,357$1,466,974$1,351,255$1,722,654
49$2,061,561$1,485,286$1,342,952$1,786,190
50$2,216,583$1,502,807$1,332,683$1,854,054
51$2,385,676$1,519,447$1,320,330$1,926,679
52$2,570,222$1,535,106$1,305,767$2,004,542
53$2,771,739$1,549,681$1,288,865$2,088,169
54$2,991,900$1,563,060$1,269,486$2,178,146
55$3,232,548$1,575,123$1,247,488$2,275,119
56$3,495,709$1,585,745$1,222,720$2,379,803
57$3,783,615$1,594,791$1,195,025$2,492,990
58$4,098,726$1,602,118$1,164,240$2,615,555
59$4,443,747$1,607,573$1,130,193$2,748,467
60$4,821,659$1,610,994$1,092,705$2,892,795
61$5,235,745$1,612,209$1,051,587$3,049,725
62$5,689,619$1,611,035$1,006,643$3,220,567
63$6,187,263$1,607,279$957,669$3,406,766
64$6,733,062$1,600,733$904,449$3,609,925
65$7,331,845$1,591,180$846,758$3,831,811
66$7,988,932$1,578,387$784,364$4,074,380
67$8,710,184$1,562,108$717,020$4,339,793
68$9,502,053$1,542,083$644,472$4,630,437
69$10,371,652$1,518,034$566,451$4,948,949
70$11,326,812$1,489,669$482,678$5,298,245
71$12,376,162$1,456,678$392,863$5,681,544
72$13,529,207$1,418,732$296,700$6,102,402
73$14,796,419$1,375,482$193,872$6,564,746
74$16,189,334$1,326,561$84,048$7,072,916
75$17,720,662$1,271,579$0$7,631,702
76$19,404,407$1,210,124$0$8,253,114
77$21,255,995$1,141,758$0$8,954,892
78$23,292,424$1,066,021$0$9,726,505
79$25,532,420$982,426$0$10,575,151
80$27,996,617$890,455$0$11,508,771
81$30,707,749$789,564$0$12,536,126
82$33,690,864$679,177$0$13,666,882
83$36,973,561$558,686$0$14,911,699
84$40,586,249$427,446$0$16,282,337
85$44,562,434$284,779$0$17,791,768
86$48,939,037$129,968$0$19,454,299
87$53,756,738$0$0$21,285,711
88$59,060,360$0$0$23,322,098
89$64,899,296$0$0$25,635,108
90$71,327,968$0$0$28,181,971
91$78,406,347$0$0$30,986,475
92$86,200,512$0$0$34,074,831
93$94,783,279$0$0$37,475,924
94$104,234,884$0$0$41,221,579
95$114,643,738$0$0$45,346,870
96$126,107,268$0$0$49,890,442
97$138,732,829$0$0$54,894,881
98$152,638,720$0$0$60,407,115
99$167,955,299$0$0$66,478,855
100$184,826,212$0$0$73,167,084