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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$82,579$81,843$81,126$80,425$79,741$78,974
2 years$40,881$40,119$39,381$38,666$37,972$37,199
3 years$26,983$26,218$25,482$24,774$24,091$23,337
4 years$20,036$19,273$18,545$17,848$17,182$16,452
5 years$15,868$15,111$14,391$13,709$13,061$12,357
6 years$13,091$12,339$11,630$10,963$10,335$9,658
7 years$11,108$10,362$9,665$9,013$8,405$7,756
8 years$9,621$8,882$8,197$7,561$6,973$6,351
9 years$8,466$7,734$7,060$6,440$5,872$5,277
10 years$7,542$6,817$6,155$5,552$5,003$4,435
11 years$6,786$6,069$5,419$4,832$4,303$3,762
12 years$6,157$5,447$4,809$4,238$3,729$3,213
13 years$5,625$4,922$4,296$3,742$3,252$2,761
14 years$5,170$4,474$3,860$3,321$2,850$2,385
15 years$4,775$4,087$3,485$2,962$2,510$2,068
16 years$4,430$3,750$3,160$2,652$2,218$1,799
17 years$4,126$3,454$2,875$2,383$1,967$1,570
18 years$3,857$3,191$2,625$2,148$1,749$1,374
19 years$3,615$2,958$2,403$1,940$1,559$1,205
20 years$3,399$2,748$2,205$1,757$1,392$1,059
21 years$3,203$2,560$2,029$1,595$1,246$932
22 years$3,025$2,390$1,870$1,450$1,117$821
23 years$2,863$2,235$1,726$1,321$1,002$724
24 years$2,714$2,094$1,596$1,205$901$640
25 years$2,578$1,965$1,479$1,100$811$566
26 years$2,453$1,847$1,371$1,006$730$500
27 years$2,336$1,738$1,273$921$658$443
28 years$2,229$1,638$1,184$844$594$393
29 years$2,129$1,545$1,102$774$537$348
30 years$2,036$1,459$1,026$710$485$309
31 years$1,949$1,380$957$652$438$274
32 years$1,867$1,305$893$599$396$243
33 years$1,791$1,236$833$551$359$216
34 years$1,719$1,172$779$507$325$192
35 years$1,652$1,111$728$467$294$170
36 years$1,588$1,055$681$430$267$152
37 years$1,528$1,002$637$396$242$135
38 years$1,472$952$597$365$219$120
39 years$1,418$905$559$337$199$106
40 years$1,367$861$524$310$180$95
41 years$1,319$820$492$286$163$84
42 years$1,273$781$461$264$148$75
43 years$1,230$744$433$244$135$67
44 years$1,188$709$406$225$122$59
45 years$1,149$676$381$208$111$53
46 years$1,111$645$358$192$101$47
47 years$1,075$616$336$178$91$42
48 years$1,041$588$316$164$83$37
49 years$1,008$561$297$152$75$33
50 years$976$536$279$140$69$29

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 $3,647 every year, while hoping to spend $32,963 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: 28/44/28 Blend
43$1,000,000$1,000,000$1,000,000$1,000,000
44$1,105,762$1,052,762$1,037,262$1,127,046
45$1,183,477$1,069,275$1,036,938$1,160,864
46$1,268,015$1,085,492$1,035,498$1,194,083
47$1,360,036$1,101,365$1,032,870$1,229,111
48$1,460,267$1,116,839$1,028,979$1,266,125
49$1,569,509$1,131,860$1,023,746$1,305,323
50$1,688,644$1,146,365$1,017,086$1,346,925
51$1,818,640$1,160,292$1,008,912$1,391,177
52$1,960,565$1,173,570$999,135$1,438,347
53$2,115,594$1,186,126$987,657$1,488,738
54$2,285,020$1,197,881$974,379$1,542,684
55$2,470,266$1,208,752$959,195$1,600,554
56$2,672,902$1,218,649$941,996$1,662,760
57$2,894,652$1,227,477$922,667$1,729,757
58$3,137,418$1,235,135$901,088$1,802,051
59$3,403,293$1,241,514$877,133$1,880,199
60$3,694,581$1,246,501$850,669$1,964,825
61$4,013,822$1,249,973$821,560$2,056,613
62$4,363,810$1,251,800$789,661$2,156,326
63$4,747,626$1,251,846$754,821$2,264,806
64$5,168,660$1,249,962$716,884$2,382,988
65$5,630,648$1,245,995$675,684$2,511,904
66$6,137,704$1,239,779$631,050$2,652,698
67$6,694,361$1,231,140$582,802$2,806,637
68$7,305,612$1,219,891$530,751$2,975,120
69$7,976,955$1,205,837$474,702$3,159,697
70$8,714,450$1,188,768$414,450$3,362,083
71$9,524,770$1,168,465$349,781$3,584,173
72$10,415,269$1,144,691$280,471$3,828,063
73$11,394,046$1,117,201$206,286$4,096,070
74$12,470,026$1,085,731$126,984$4,390,757
75$13,653,040$1,050,003$42,309$4,714,956
76$14,953,920$1,009,723$0$5,071,796
77$16,384,600$964,580$0$5,479,093
78$17,958,229$914,244$0$5,940,734
79$19,689,294$858,368$0$6,448,374
80$21,593,757$796,582$0$7,006,768
81$23,689,203$728,498$0$7,621,162
82$25,995,011$653,703$0$8,297,344
83$28,532,530$571,764$0$9,041,701
84$31,325,287$482,218$0$9,861,278
85$34,399,201$384,582$0$10,763,849
86$37,782,835$278,342$0$11,757,989
87$41,507,660$162,956$0$12,853,157
88$45,608,352$37,852$0$14,059,790
89$50,123,123$0$0$15,389,396
90$55,094,076$0$0$16,901,916
91$60,567,605$0$0$18,587,744
92$66,594,833$0$0$20,444,324
93$73,232,093$0$0$22,489,036
94$80,541,458$0$0$24,741,028
95$88,591,328$0$0$27,221,405
96$97,457,076$0$0$29,953,418
97$107,221,757$0$0$32,962,693
98$117,976,894$0$0$36,277,466
99$129,823,338$0$0$39,928,852
100$142,872,223$0$0$43,951,139