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%11.7%
1 years$82,579$81,843$81,126$80,425$79,741$79,173
2 years$40,881$40,119$39,381$38,666$37,972$37,398
3 years$26,983$26,218$25,482$24,774$24,091$23,530
4 years$20,036$19,273$18,545$17,848$17,182$16,639
5 years$15,868$15,111$14,391$13,709$13,061$12,537
6 years$13,091$12,339$11,630$10,963$10,335$9,830
7 years$11,108$10,362$9,665$9,013$8,405$7,920
8 years$9,621$8,882$8,197$7,561$6,973$6,508
9 years$8,466$7,734$7,060$6,440$5,872$5,427
10 years$7,542$6,817$6,155$5,552$5,003$4,577
11 years$6,786$6,069$5,419$4,832$4,303$3,896
12 years$6,157$5,447$4,809$4,238$3,729$3,341
13 years$5,625$4,922$4,296$3,742$3,252$2,882
14 years$5,170$4,474$3,860$3,321$2,850$2,499
15 years$4,775$4,087$3,485$2,962$2,510$2,176
16 years$4,430$3,750$3,160$2,652$2,218$1,901
17 years$4,126$3,454$2,875$2,383$1,967$1,666
18 years$3,857$3,191$2,625$2,148$1,749$1,464
19 years$3,615$2,958$2,403$1,940$1,559$1,289
20 years$3,399$2,748$2,205$1,757$1,392$1,138
21 years$3,203$2,560$2,029$1,595$1,246$1,006
22 years$3,025$2,390$1,870$1,450$1,117$890
23 years$2,863$2,235$1,726$1,321$1,002$789
24 years$2,714$2,094$1,596$1,205$901$700
25 years$2,578$1,965$1,479$1,100$811$622
26 years$2,453$1,847$1,371$1,006$730$553
27 years$2,336$1,738$1,273$921$658$492
28 years$2,229$1,638$1,184$844$594$438
29 years$2,129$1,545$1,102$774$537$390
30 years$2,036$1,459$1,026$710$485$348
31 years$1,949$1,380$957$652$438$310
32 years$1,867$1,305$893$599$396$277
33 years$1,791$1,236$833$551$359$247
34 years$1,719$1,172$779$507$325$220
35 years$1,652$1,111$728$467$294$197
36 years$1,588$1,055$681$430$267$176
37 years$1,528$1,002$637$396$242$157
38 years$1,472$952$597$365$219$140
39 years$1,418$905$559$337$199$125
40 years$1,367$861$524$310$180$112
41 years$1,319$820$492$286$163$100
42 years$1,273$781$461$264$148$90
43 years$1,230$744$433$244$135$80
44 years$1,188$709$406$225$122$72
45 years$1,149$676$381$208$111$64
46 years$1,111$645$358$192$101$57
47 years$1,075$616$336$178$91$51
48 years$1,041$588$316$164$83$46
49 years$1,008$561$297$152$75$41
50 years$976$536$279$140$69$37

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 $3,196 every year, while hoping to spend $56,700 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: 63/14/23 Blend
43$1,000,000$1,000,000$1,000,000$1,000,000
44$1,105,297$1,052,297$1,036,797$1,168,095
45$1,157,709$1,043,531$1,011,201$1,202,127
46$1,213,566$1,032,435$982,848$1,232,687
47$1,273,161$1,018,836$951,584$1,264,787
48$1,336,813$1,002,548$917,251$1,298,584
49$1,404,871$983,376$879,683$1,334,253
50$1,477,720$961,114$838,704$1,371,988
51$1,555,780$935,541$794,134$1,412,007
52$1,639,514$906,427$745,781$1,454,551
53$1,729,427$873,525$693,448$1,499,889
54$1,826,076$836,575$636,926$1,548,318
55$1,930,071$795,302$575,998$1,600,172
56$2,042,083$749,416$510,438$1,655,818
57$2,162,846$698,608$440,009$1,715,667
58$2,293,170$642,554$364,463$1,780,173
59$2,433,943$580,909$283,542$1,849,842
60$2,586,142$513,309$196,977$1,925,234
61$2,750,838$439,372$104,486$2,006,970
62$2,929,212$358,690$5,775$2,095,742
63$3,122,561$270,835$0$2,192,312
64$3,332,311$175,353$0$2,321,964
65$3,560,029$71,768$0$2,464,303
66$3,807,440$0$0$2,619,032
67$4,076,443$0$0$2,793,619
68$4,369,125$0$0$2,995,667
69$4,687,781$0$0$3,215,712
70$5,034,941$0$0$3,455,508
71$5,413,384$0$0$3,716,984
72$5,826,172$0$0$4,002,265
73$6,276,675$0$0$4,313,689
74$6,768,599$0$0$4,653,828
75$7,306,029$0$0$5,025,516
76$7,893,459$0$0$5,431,871
77$8,535,835$0$0$5,876,328
78$9,238,608$0$0$6,362,667
79$10,007,775$0$0$6,895,052
80$10,849,942$0$0$7,478,067
81$11,772,383$0$0$8,116,761
82$12,783,110$0$0$8,816,694
83$13,890,943$0$0$9,583,988
84$15,105,601$0$0$10,425,388
85$16,437,783$0$0$11,348,321
86$17,899,278$0$0$12,360,970
87$19,503,067$0$0$13,472,345
88$21,263,452$0$0$14,692,372
89$23,196,186$0$0$16,031,987
90$25,318,619$0$0$17,503,233
91$27,649,868$0$0$19,119,380
92$30,210,990$0$0$20,895,045
93$33,025,183$0$0$22,846,331
94$36,118,003$0$0$24,990,977
95$39,517,604$0$0$27,348,529
96$43,255,005$0$0$29,940,517
97$47,364,379$0$0$32,790,665
98$51,883,375$0$0$35,925,109
99$56,853,477$0$0$39,372,645
100$62,320,385$0$0$43,165,000