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

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$82,579$81,843$81,126$80,425$79,741$77,220
2 years$40,881$40,119$39,381$38,666$37,972$35,454
3 years$26,983$26,218$25,482$24,774$24,091$21,656
4 years$20,036$19,273$18,545$17,848$17,182$14,849
5 years$15,868$15,111$14,391$13,709$13,061$10,836
6 years$13,091$12,339$11,630$10,963$10,335$8,220
7 years$11,108$10,362$9,665$9,013$8,405$6,399
8 years$9,621$8,882$8,197$7,561$6,973$5,075
9 years$8,466$7,734$7,060$6,440$5,872$4,081
10 years$7,542$6,817$6,155$5,552$5,003$3,315
11 years$6,786$6,069$5,419$4,832$4,303$2,715
12 years$6,157$5,447$4,809$4,238$3,729$2,238
13 years$5,625$4,922$4,296$3,742$3,252$1,854
14 years$5,170$4,474$3,860$3,321$2,850$1,543
15 years$4,775$4,087$3,485$2,962$2,510$1,288
16 years$4,430$3,750$3,160$2,652$2,218$1,078
17 years$4,126$3,454$2,875$2,383$1,967$904
18 years$3,857$3,191$2,625$2,148$1,749$760
19 years$3,615$2,958$2,403$1,940$1,559$640
20 years$3,399$2,748$2,205$1,757$1,392$539
21 years$3,203$2,560$2,029$1,595$1,246$455
22 years$3,025$2,390$1,870$1,450$1,117$385
23 years$2,863$2,235$1,726$1,321$1,002$325
24 years$2,714$2,094$1,596$1,205$901$275
25 years$2,578$1,965$1,479$1,100$811$233
26 years$2,453$1,847$1,371$1,006$730$197
27 years$2,336$1,738$1,273$921$658$167
28 years$2,229$1,638$1,184$844$594$141
29 years$2,129$1,545$1,102$774$537$120
30 years$2,036$1,459$1,026$710$485$102
31 years$1,949$1,380$957$652$438$86
32 years$1,867$1,305$893$599$396$73
33 years$1,791$1,236$833$551$359$62
34 years$1,719$1,172$779$507$325$53
35 years$1,652$1,111$728$467$294$45
36 years$1,588$1,055$681$430$267$38
37 years$1,528$1,002$637$396$242$32
38 years$1,472$952$597$365$219$27
39 years$1,418$905$559$337$199$23
40 years$1,367$861$524$310$180$20
41 years$1,319$820$492$286$163$17
42 years$1,273$781$461$264$148$14
43 years$1,230$744$433$244$135$12
44 years$1,188$709$406$225$122$10
45 years$1,149$676$381$208$111$9
46 years$1,111$645$358$192$101$7
47 years$1,075$616$336$178$91$6
48 years$1,041$588$316$164$83$5
49 years$1,008$561$297$152$75$4
50 years$976$536$279$140$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,000,000, adding $2,331 every year, while hoping to spend $33,602 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: 27/47/26 Blend
43$1,000,000$1,000,000$1,000,000$1,000,000
44$1,104,404$1,051,404$1,035,904$1,125,194
45$1,181,301$1,067,171$1,034,855$1,157,827
46$1,264,916$1,082,584$1,032,644$1,189,777
47$1,355,897$1,097,590$1,029,198$1,223,389
48$1,454,960$1,112,134$1,024,437$1,258,827
49$1,562,892$1,126,154$1,018,282$1,296,272
50$1,680,557$1,139,586$1,010,645$1,335,928
51$1,808,910$1,152,362$1,001,437$1,378,021
52$1,948,997$1,164,406$990,564$1,422,800
53$2,101,975$1,175,642$977,928$1,470,543
54$2,269,113$1,185,985$963,425$1,521,561
55$2,451,810$1,195,346$946,947$1,576,197
56$2,651,606$1,203,629$928,381$1,634,831
57$2,870,198$1,210,735$907,610$1,697,886
58$3,109,452$1,216,555$884,509$1,765,833
59$3,371,424$1,220,975$858,948$1,839,191
60$3,658,380$1,223,872$830,793$1,918,537
61$3,972,811$1,225,119$799,901$2,004,513
62$4,317,464$1,224,576$766,125$2,097,827
63$4,695,365$1,222,099$729,309$2,199,267
64$5,109,842$1,217,533$689,291$2,309,703
65$5,564,567$1,210,712$645,903$2,430,100
66$6,063,579$1,201,463$598,967$2,561,528
67$6,611,330$1,189,601$548,298$2,705,171
68$7,212,724$1,174,930$493,704$2,862,338
69$7,873,161$1,157,241$434,983$3,034,481
70$8,598,593$1,136,315$371,924$3,223,205
71$9,395,573$1,111,918$304,308$3,430,286
72$10,271,323$1,083,804$231,903$3,657,689
73$11,233,798$1,051,710$154,472$3,907,587
74$12,291,761$1,015,359$71,762$4,182,386
75$13,454,868$974,459$0$4,484,743
76$14,733,756$928,699$0$4,822,175
77$16,140,145$877,752$0$5,214,897
78$17,686,948$821,270$0$5,646,649
79$19,388,391$758,886$0$6,121,482
80$21,260,148$690,213$0$6,643,870
81$23,319,490$614,840$0$7,218,747
82$25,585,445$532,334$0$7,851,561
83$28,078,979$442,238$0$8,548,324
84$30,823,195$344,067$0$9,315,670
85$33,843,545$237,311$0$10,160,921
86$37,168,077$121,429$0$11,092,154
87$40,827,695$0$0$12,118,283
88$44,856,451$0$0$13,251,286
89$49,291,867$0$0$14,567,998
90$54,175,286$0$0$16,017,914
91$59,552,268$0$0$17,614,587
92$65,473,011$0$0$19,372,950
93$71,992,832$0$0$21,309,459
94$79,172,685$0$0$23,442,247
95$87,079,734$0$0$25,791,295
96$95,787,993$0$0$28,378,620
97$105,379,018$0$0$31,228,486
98$115,942,677$0$0$34,367,629
99$127,578,002$0$0$37,825,510
100$140,394,119$0$0$41,634,595