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%
1 years$83,405$82,662$81,937$81,230$80,539$79,532
2 years$41,290$40,521$39,775$39,053$38,352$37,339
3 years$27,253$26,481$25,737$25,021$24,332$23,345
4 years$20,236$19,466$18,730$18,027$17,354$16,399
5 years$16,027$15,262$14,535$13,846$13,192$12,273
6 years$13,222$12,462$11,747$11,073$10,438$9,556
7 years$11,219$10,466$9,762$9,104$8,489$7,644
8 years$9,717$8,971$8,279$7,637$7,043$6,234
9 years$8,550$7,811$7,130$6,505$5,931$5,159
10 years$7,617$6,885$6,216$5,607$5,053$4,318
11 years$6,854$6,129$5,473$4,880$4,346$3,646
12 years$6,219$5,501$4,857$4,280$3,766$3,101
13 years$5,681$4,972$4,339$3,779$3,284$2,652
14 years$5,221$4,519$3,899$3,355$2,879$2,280
15 years$4,823$4,128$3,520$2,992$2,535$1,968
16 years$4,475$3,788$3,192$2,679$2,240$1,704
17 years$4,168$3,488$2,904$2,407$1,986$1,480
18 years$3,895$3,223$2,651$2,169$1,766$1,288
19 years$3,652$2,987$2,427$1,960$1,574$1,124
20 years$3,433$2,776$2,227$1,775$1,406$983
21 years$3,235$2,586$2,049$1,611$1,258$860
22 years$3,055$2,414$1,888$1,465$1,128$754
23 years$2,891$2,257$1,743$1,334$1,013$662
24 years$2,742$2,115$1,612$1,217$910$581
25 years$2,604$1,985$1,493$1,111$819$511
26 years$2,477$1,865$1,385$1,016$738$450
27 years$2,360$1,756$1,286$930$665$396
28 years$2,251$1,654$1,196$852$600$349
29 years$2,150$1,561$1,113$781$542$308
30 years$2,056$1,474$1,036$717$490$271
31 years$1,968$1,393$966$659$443$239
32 years$1,886$1,318$901$605$400$211
33 years$1,809$1,248$842$557$362$186
34 years$1,736$1,183$786$512$328$165
35 years$1,668$1,122$735$471$297$145
36 years$1,604$1,065$688$434$269$129
37 years$1,544$1,012$644$400$244$114
38 years$1,486$962$603$369$221$100
39 years$1,432$914$565$340$201$89
40 years$1,381$870$529$314$182$78
41 years$1,332$828$496$289$165$69
42 years$1,286$789$466$267$150$61
43 years$1,242$751$437$246$136$54
44 years$1,200$716$410$228$123$48
45 years$1,160$683$385$210$112$42
46 years$1,122$652$362$194$102$38
47 years$1,086$622$340$179$92$33
48 years$1,051$594$319$166$84$29
49 years$1,018$567$300$153$76$26
50 years$986$541$282$142$69$23

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 $6,487 every year, while hoping to spend $54,454 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: 76/10/14 Blend
43$1,010,000$1,010,000$1,010,000$1,010,000
44$1,119,711$1,066,181$1,050,526$1,201,041
45$1,175,983$1,060,486$1,027,780$1,249,911
46$1,236,170$1,052,686$1,002,447$1,295,994
47$1,300,613$1,042,621$974,383$1,345,014
48$1,369,687$1,030,121$943,437$1,397,245
49$1,443,804$1,015,006$909,451$1,452,991
50$1,523,415$997,084$872,260$1,512,586
51$1,609,015$976,153$831,692$1,576,397
52$1,701,148$951,998$787,567$1,644,834
53$1,800,410$924,391$739,696$1,718,343
54$1,907,459$893,093$687,883$1,797,422
55$2,023,014$857,848$631,921$1,882,617
56$2,147,866$818,388$571,595$1,974,533
57$2,282,887$774,427$506,682$2,073,835
58$2,429,031$725,664$436,946$2,181,259
59$2,587,351$671,781$362,142$2,297,618
60$2,759,002$612,439$282,016$2,423,806
61$2,945,256$547,284$196,298$2,560,813
62$3,147,510$475,939$104,712$2,709,730
63$3,367,301$398,005$6,965$2,871,761
64$3,606,322$313,063$0$3,048,235
65$3,866,433$220,669$0$3,255,160
66$4,149,681$120,355$0$3,481,667
67$4,458,320$11,624$0$3,728,552
68$4,794,830$0$0$3,997,834
69$5,161,939$0$0$4,303,411
70$5,562,652$0$0$4,638,391
71$6,000,274$0$0$5,004,265
72$6,478,446$0$0$5,404,079
73$7,001,175$0$0$5,841,190
74$7,572,873$0$0$6,319,292
75$8,198,399$0$0$6,842,453
76$8,883,100$0$0$7,415,152
77$9,632,867$0$0$8,042,322
78$10,454,187$0$0$8,729,393
79$11,354,202$0$0$9,482,349
80$12,340,781$0$0$10,307,777
81$13,422,586$0$0$11,212,933
82$14,609,162$0$0$12,205,808
83$15,911,019$0$0$13,295,205
84$17,339,734$0$0$14,490,819
85$18,908,061$0$0$15,803,330
86$20,630,047$0$0$17,244,503
87$22,521,166$0$0$18,827,295
88$24,598,466$0$0$20,565,984
89$26,880,724$0$0$22,476,296
90$29,388,629$0$0$24,575,556
91$32,144,972$0$0$26,882,851
92$35,174,860$0$0$29,419,208
93$38,505,957$0$0$32,207,794
94$42,168,739$0$0$35,274,133
95$46,196,782$0$0$38,646,345
96$50,627,081$0$0$42,355,411
97$55,500,395$0$0$46,435,466
98$60,861,631$0$0$50,924,121
99$66,760,270$0$0$55,862,814
100$73,250,828$0$0$61,297,204