Can I retire at age 44 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$84,231$83,480$82,748$82,034$81,336$78,638
2 years$41,698$40,922$40,169$39,439$38,732$36,040
3 years$27,523$26,743$25,992$25,269$24,573$21,971
4 years$20,436$19,659$18,916$18,205$17,526$15,034
5 years$16,186$15,413$14,679$13,983$13,323$10,949
6 years$13,353$12,586$11,863$11,182$10,542$8,287
7 years$11,330$10,569$9,858$9,194$8,573$6,437
8 years$9,814$9,060$8,361$7,712$7,112$5,093
9 years$8,635$7,888$7,201$6,569$5,990$4,085
10 years$7,692$6,953$6,278$5,663$5,103$3,311
11 years$6,922$6,190$5,527$4,928$4,389$2,704
12 years$6,280$5,556$4,905$4,323$3,804$2,223
13 years$5,738$5,021$4,382$3,816$3,317$1,837
14 years$5,273$4,564$3,938$3,388$2,907$1,524
15 years$4,871$4,169$3,555$3,021$2,560$1,269
16 years$4,519$3,825$3,223$2,705$2,262$1,059
17 years$4,209$3,523$2,933$2,431$2,006$886
18 years$3,934$3,255$2,677$2,190$1,784$742
19 years$3,688$3,017$2,451$1,979$1,590$623
20 years$3,467$2,803$2,249$1,793$1,420$524
21 years$3,267$2,611$2,069$1,627$1,271$440
22 years$3,085$2,438$1,907$1,479$1,139$371
23 years$2,920$2,280$1,761$1,347$1,023$313
24 years$2,769$2,136$1,628$1,229$919$264
25 years$2,630$2,005$1,508$1,122$827$222
26 years$2,502$1,884$1,399$1,026$745$188
27 years$2,383$1,773$1,299$939$672$158
28 years$2,273$1,671$1,208$860$606$134
29 years$2,171$1,576$1,124$789$547$113
30 years$2,076$1,488$1,047$724$494$96
31 years$1,988$1,407$976$665$447$81
32 years$1,905$1,331$910$611$404$68
33 years$1,827$1,261$850$562$366$58
34 years$1,754$1,195$794$517$331$49
35 years$1,685$1,133$743$476$300$41
36 years$1,620$1,076$695$438$272$35
37 years$1,559$1,022$650$404$246$29
38 years$1,501$971$609$372$223$25
39 years$1,446$923$570$343$203$21
40 years$1,395$879$535$317$184$18
41 years$1,345$836$501$292$167$15
42 years$1,299$796$470$270$151$13
43 years$1,254$759$441$249$137$11
44 years$1,212$723$414$230$125$9
45 years$1,172$690$389$212$113$8
46 years$1,133$658$365$196$103$7
47 years$1,097$628$343$181$93$6
48 years$1,061$599$323$167$85$5
49 years$1,028$572$303$155$77$4
50 years$996$547$285$143$70$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,020,000, adding $5,853 every year, while hoping to spend $21,660 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: 75/15/10 Blend
43$1,020,000$1,020,000$1,020,000$1,020,000
44$1,130,077$1,076,017$1,060,207$1,212,366
45$1,222,299$1,105,696$1,072,678$1,297,082
46$1,323,202$1,136,103$1,084,841$1,386,583
47$1,433,647$1,167,251$1,096,662$1,484,055
48$1,554,586$1,199,154$1,108,107$1,590,281
49$1,687,064$1,231,822$1,119,139$1,706,124
50$1,832,233$1,265,270$1,129,718$1,832,534
51$1,991,361$1,299,508$1,139,804$1,970,557
52$2,165,846$1,334,550$1,149,354$2,121,346
53$2,357,226$1,370,407$1,158,321$2,286,169
54$2,567,197$1,407,091$1,166,658$2,466,425
55$2,797,625$1,444,612$1,174,316$2,663,653
56$3,050,567$1,482,982$1,181,239$2,879,548
57$3,328,287$1,522,211$1,187,374$3,115,980
58$3,633,282$1,562,309$1,192,660$3,375,006
59$3,968,301$1,603,286$1,197,038$3,658,894
60$4,336,370$1,645,149$1,200,441$3,970,140
61$4,740,826$1,687,908$1,202,802$4,311,496
62$5,185,345$1,731,570$1,204,051$4,685,993
63$5,673,974$1,776,141$1,204,111$5,096,972
64$6,211,175$1,821,628$1,202,904$5,548,112
65$6,801,862$1,868,035$1,200,348$6,043,467
66$7,451,449$1,915,365$1,196,357$6,587,503
67$8,165,901$1,963,623$1,190,840$7,185,143
68$8,951,792$2,012,809$1,183,701$7,841,808
69$9,816,362$2,062,924$1,174,842$8,563,474
70$10,767,589$2,113,966$1,164,158$9,356,724
71$11,814,266$2,165,933$1,151,540$10,228,813
72$12,966,078$2,218,820$1,136,873$11,187,733
73$14,233,697$2,272,621$1,120,038$12,242,292
74$15,628,883$2,327,329$1,100,908$13,402,196
75$17,164,594$2,382,933$1,079,354$14,678,138
76$18,855,107$2,439,421$1,055,236$16,081,904
77$20,716,153$2,496,778$1,028,412$17,626,477
78$22,765,068$2,554,987$998,731$19,326,167
79$25,020,952$2,614,029$966,035$21,196,742
80$27,504,852$2,673,879$930,160$23,255,577
81$30,239,960$2,734,512$890,934$25,521,818
82$33,251,833$2,795,900$848,177$28,016,565
83$36,568,629$2,858,008$801,700$30,763,066
84$40,221,379$2,920,801$751,307$33,786,942
85$44,244,277$2,984,237$696,793$37,116,426
86$48,675,000$3,048,272$637,943$40,782,632
87$53,555,068$3,112,855$574,531$44,819,842
88$58,930,232$3,177,932$506,325$49,265,839
89$64,850,908$3,243,443$433,080$54,162,256
90$71,372,651$3,309,322$354,539$59,554,974
91$78,556,682$3,375,499$270,436$65,494,551
92$86,470,460$3,441,895$180,492$72,036,704
93$95,188,324$3,508,426$84,416$79,242,830
94$104,792,194$3,574,999$0$87,180,590
95$115,372,341$3,641,517$0$95,926,478
96$127,028,240$3,707,872$0$105,570,464
97$139,869,510$3,773,947$0$116,194,113
98$154,016,948$3,839,618$0$127,897,245
99$169,603,668$3,904,751$0$140,789,857
100$186,776,358$3,969,200$0$154,993,165