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%13.5%
1 years$83,405$82,662$81,937$81,230$80,539$79,368
2 years$41,290$40,521$39,775$39,053$38,352$37,175
3 years$27,253$26,481$25,737$25,021$24,332$23,185
4 years$20,236$19,466$18,730$18,027$17,354$16,246
5 years$16,027$15,262$14,535$13,846$13,192$12,127
6 years$13,222$12,462$11,747$11,073$10,438$9,417
7 years$11,219$10,466$9,762$9,104$8,489$7,511
8 years$9,717$8,971$8,279$7,637$7,043$6,109
9 years$8,550$7,811$7,130$6,505$5,931$5,040
10 years$7,617$6,885$6,216$5,607$5,053$4,205
11 years$6,854$6,129$5,473$4,880$4,346$3,540
12 years$6,219$5,501$4,857$4,280$3,766$3,001
13 years$5,681$4,972$4,339$3,779$3,284$2,559
14 years$5,221$4,519$3,899$3,355$2,879$2,192
15 years$4,823$4,128$3,520$2,992$2,535$1,886
16 years$4,475$3,788$3,192$2,679$2,240$1,627
17 years$4,168$3,488$2,904$2,407$1,986$1,408
18 years$3,895$3,223$2,651$2,169$1,766$1,222
19 years$3,652$2,987$2,427$1,960$1,574$1,062
20 years$3,433$2,776$2,227$1,775$1,406$925
21 years$3,235$2,586$2,049$1,611$1,258$806
22 years$3,055$2,414$1,888$1,465$1,128$704
23 years$2,891$2,257$1,743$1,334$1,013$616
24 years$2,742$2,115$1,612$1,217$910$539
25 years$2,604$1,985$1,493$1,111$819$472
26 years$2,477$1,865$1,385$1,016$738$414
27 years$2,360$1,756$1,286$930$665$363
28 years$2,251$1,654$1,196$852$600$318
29 years$2,150$1,561$1,113$781$542$279
30 years$2,056$1,474$1,036$717$490$245
31 years$1,968$1,393$966$659$443$216
32 years$1,886$1,318$901$605$400$190
33 years$1,809$1,248$842$557$362$167
34 years$1,736$1,183$786$512$328$147
35 years$1,668$1,122$735$471$297$129
36 years$1,604$1,065$688$434$269$113
37 years$1,544$1,012$644$400$244$100
38 years$1,486$962$603$369$221$88
39 years$1,432$914$565$340$201$77
40 years$1,381$870$529$314$182$68
41 years$1,332$828$496$289$165$60
42 years$1,286$789$466$267$150$53
43 years$1,242$751$437$246$136$46
44 years$1,200$716$410$228$123$41
45 years$1,160$683$385$210$112$36
46 years$1,122$652$362$194$102$32
47 years$1,086$622$340$179$92$28
48 years$1,051$594$319$166$84$25
49 years$1,018$567$300$153$76$22
50 years$986$541$282$142$69$19

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 $4,573 every year, while hoping to spend $47,783 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: 23/49/28 Blend
43$1,010,000$1,010,000$1,010,000$1,010,000
44$1,117,737$1,064,207$1,048,552$1,133,477
45$1,180,905$1,065,512$1,032,838$1,148,769
46$1,248,916$1,065,280$1,014,996$1,160,816
47$1,322,211$1,063,385$994,904$1,172,699
48$1,401,278$1,059,693$972,435$1,184,436
49$1,486,653$1,054,062$947,456$1,196,052
50$1,578,923$1,046,342$919,827$1,207,579
51$1,678,734$1,036,374$889,402$1,219,055
52$1,786,797$1,023,988$856,029$1,230,531
53$1,903,892$1,009,006$819,548$1,242,065
54$2,030,879$991,237$779,793$1,253,730
55$2,168,702$970,481$736,589$1,265,611
56$2,318,398$946,523$689,754$1,277,810
57$2,481,111$919,139$639,097$1,290,444
58$2,658,097$888,090$584,419$1,303,653
59$2,850,739$853,122$525,513$1,317,596
60$3,060,558$813,969$462,162$1,332,460
61$3,289,229$770,347$394,138$1,348,457
62$3,538,593$721,957$321,204$1,365,832
63$3,810,680$668,483$243,115$1,384,865
64$4,107,720$609,589$159,610$1,405,876
65$4,432,172$544,923$70,421$1,429,227
66$4,786,740$474,111$0$1,455,331
67$5,174,402$396,757$0$1,492,052
68$5,598,437$312,444$0$1,555,453
69$6,062,455$220,732$0$1,625,162
70$6,570,432$121,155$0$1,701,947
71$7,126,746$13,220$0$1,786,662
72$7,736,216$0$0$1,880,263
73$8,404,153$0$0$2,039,668
74$9,136,402$0$0$2,222,414
75$9,939,405$0$0$2,423,005
76$10,820,253$0$0$2,643,233
77$11,786,758$0$0$2,885,076
78$12,847,527$0$0$3,150,713
79$14,012,038$0$0$3,442,543
80$15,290,732$0$0$3,763,209
81$16,695,110$0$0$4,115,623
82$18,237,844$0$0$4,502,993
83$19,932,892$0$0$4,928,853
84$21,795,631$0$0$5,397,098
85$23,843,000$0$0$5,912,016
86$26,093,664$0$0$6,478,336
87$28,568,184$0$0$7,101,264
88$31,289,214$0$0$7,786,538
89$34,281,712$0$0$8,540,479
90$37,573,175$0$0$9,370,054
91$41,193,902$0$0$10,282,936
92$45,177,274$0$0$11,287,582
93$49,560,069$0$0$12,393,310
94$54,382,813$0$0$13,610,385
95$59,690,157$0$0$14,950,119
96$65,531,299$0$0$16,424,978
97$71,960,450$0$0$18,048,696
98$79,037,340$0$0$19,836,407
99$86,827,786$0$0$21,804,787
100$95,404,309$0$0$23,972,212