Can I retire at age 44 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$83,405$82,662$81,937$81,230$80,539$78,023
2 years$41,290$40,521$39,775$39,053$38,352$35,840
3 years$27,253$26,481$25,737$25,021$24,332$21,902
4 years$20,236$19,466$18,730$18,027$17,354$15,025
5 years$16,027$15,262$14,535$13,846$13,192$10,971
6 years$13,222$12,462$11,747$11,073$10,438$8,326
7 years$11,219$10,466$9,762$9,104$8,489$6,486
8 years$9,717$8,971$8,279$7,637$7,043$5,147
9 years$8,550$7,811$7,130$6,505$5,931$4,141
10 years$7,617$6,885$6,216$5,607$5,053$3,366
11 years$6,854$6,129$5,473$4,880$4,346$2,759
12 years$6,219$5,501$4,857$4,280$3,766$2,276
13 years$5,681$4,972$4,339$3,779$3,284$1,887
14 years$5,221$4,519$3,899$3,355$2,879$1,571
15 years$4,823$4,128$3,520$2,992$2,535$1,312
16 years$4,475$3,788$3,192$2,679$2,240$1,099
17 years$4,168$3,488$2,904$2,407$1,986$923
18 years$3,895$3,223$2,651$2,169$1,766$776
19 years$3,652$2,987$2,427$1,960$1,574$654
20 years$3,433$2,776$2,227$1,775$1,406$552
21 years$3,235$2,586$2,049$1,611$1,258$466
22 years$3,055$2,414$1,888$1,465$1,128$394
23 years$2,891$2,257$1,743$1,334$1,013$333
24 years$2,742$2,115$1,612$1,217$910$282
25 years$2,604$1,985$1,493$1,111$819$239
26 years$2,477$1,865$1,385$1,016$738$202
27 years$2,360$1,756$1,286$930$665$172
28 years$2,251$1,654$1,196$852$600$146
29 years$2,150$1,561$1,113$781$542$123
30 years$2,056$1,474$1,036$717$490$105
31 years$1,968$1,393$966$659$443$89
32 years$1,886$1,318$901$605$400$75
33 years$1,809$1,248$842$557$362$64
34 years$1,736$1,183$786$512$328$54
35 years$1,668$1,122$735$471$297$46
36 years$1,604$1,065$688$434$269$39
37 years$1,544$1,012$644$400$244$33
38 years$1,486$962$603$369$221$28
39 years$1,432$914$565$340$201$24
40 years$1,381$870$529$314$182$20
41 years$1,332$828$496$289$165$17
42 years$1,286$789$466$267$150$15
43 years$1,242$751$437$246$136$13
44 years$1,200$716$410$228$123$11
45 years$1,160$683$385$210$112$9
46 years$1,122$652$362$194$102$8
47 years$1,086$622$340$179$92$7
48 years$1,051$594$319$166$84$6
49 years$1,018$567$300$153$76$5
50 years$986$541$282$142$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,010,000, adding $2,084 every year, while hoping to spend $24,355 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: 69/8/23 Blend
43$1,010,000$1,010,000$1,010,000$1,010,000
44$1,115,170$1,061,640$1,045,985$1,185,505
45$1,203,003$1,087,746$1,055,112$1,258,954
46$1,298,980$1,114,316$1,063,728$1,336,277
47$1,403,904$1,141,346$1,071,791$1,420,313
48$1,518,662$1,168,832$1,079,256$1,511,725
49$1,644,229$1,196,768$1,086,075$1,611,243
50$1,781,681$1,225,150$1,092,198$1,719,671
51$1,932,198$1,253,968$1,097,573$1,837,896
52$2,097,086$1,283,216$1,102,145$1,966,895
53$2,277,778$1,312,883$1,105,856$2,107,745
54$2,475,854$1,342,957$1,108,645$2,261,631
55$2,693,055$1,373,426$1,110,449$2,429,860
56$2,931,298$1,404,274$1,111,200$2,613,874
57$3,192,693$1,435,487$1,110,827$2,815,258
58$3,479,566$1,467,044$1,109,258$3,035,763
59$3,794,478$1,498,926$1,106,415$3,277,316
60$4,140,251$1,531,110$1,102,217$3,542,041
61$4,519,994$1,563,571$1,096,578$3,832,280
62$4,937,129$1,596,282$1,089,409$4,150,613
63$5,395,429$1,629,213$1,080,618$4,499,882
64$5,899,050$1,662,331$1,070,105$4,883,222
65$6,452,568$1,695,600$1,057,768$5,304,087
66$7,061,027$1,728,981$1,043,501$5,766,281
67$7,729,983$1,762,433$1,027,190$6,274,001
68$8,465,558$1,795,909$1,008,717$6,831,868
69$9,274,496$1,829,359$987,960$7,444,978
70$10,164,227$1,862,731$964,789$8,118,945
71$11,142,939$1,895,964$939,070$8,859,958
72$12,219,650$1,928,999$910,660$9,674,837
73$13,404,301$1,961,765$879,414$10,571,099
74$14,707,840$1,994,193$845,175$11,557,026
75$16,142,334$2,026,202$807,782$12,641,749
76$17,721,076$2,057,711$767,067$13,835,329
77$19,458,716$2,088,628$722,854$15,148,855
78$21,371,392$2,118,858$674,957$16,594,548
79$23,476,890$2,148,298$623,184$18,185,877
80$25,794,806$2,176,838$567,333$19,937,684
81$28,346,732$2,204,358$507,195$21,866,330
82$31,156,461$2,230,735$442,548$23,989,844
83$34,250,211$2,255,832$373,165$26,328,094
84$37,656,871$2,279,506$298,805$28,902,978
85$41,408,275$2,301,605$219,217$31,738,631
86$45,539,499$2,321,964$134,141$34,861,648
87$50,089,197$2,340,409$43,304$38,301,342
88$55,099,961$2,356,755$0$42,090,015
89$60,618,725$2,370,804$0$46,276,431
90$66,697,209$2,382,347$0$50,898,860
91$73,392,402$2,391,160$0$55,989,977
92$80,767,105$2,397,005$0$61,597,515
93$88,890,521$2,399,629$0$67,774,073
94$97,838,909$2,398,766$0$74,577,612
95$107,696,301$2,394,128$0$82,072,006
96$118,555,298$2,385,416$0$90,327,640
97$130,517,944$2,372,306$0$99,422,078
98$143,696,684$2,354,459$0$109,440,793
99$158,215,432$2,331,514$0$120,477,975
100$174,210,736$2,303,087$0$132,637,420