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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$84,231$83,480$82,748$82,034$81,336$79,113
2 years$41,698$40,922$40,169$39,439$38,732$36,508
3 years$27,523$26,743$25,992$25,269$24,573$22,419
4 years$20,436$19,659$18,916$18,205$17,526$15,457
5 years$16,186$15,413$14,679$13,983$13,323$11,346
6 years$13,353$12,586$11,863$11,182$10,542$8,658
7 years$11,330$10,569$9,858$9,194$8,573$6,783
8 years$9,814$9,060$8,361$7,712$7,112$5,415
9 years$8,635$7,888$7,201$6,569$5,990$4,383
10 years$7,692$6,953$6,278$5,663$5,103$3,585
11 years$6,922$6,190$5,527$4,928$4,389$2,957
12 years$6,280$5,556$4,905$4,323$3,804$2,456
13 years$5,738$5,021$4,382$3,816$3,317$2,050
14 years$5,273$4,564$3,938$3,388$2,907$1,718
15 years$4,871$4,169$3,555$3,021$2,560$1,445
16 years$4,519$3,825$3,223$2,705$2,262$1,219
17 years$4,209$3,523$2,933$2,431$2,006$1,031
18 years$3,934$3,255$2,677$2,190$1,784$874
19 years$3,688$3,017$2,451$1,979$1,590$742
20 years$3,467$2,803$2,249$1,793$1,420$631
21 years$3,267$2,611$2,069$1,627$1,271$537
22 years$3,085$2,438$1,907$1,479$1,139$457
23 years$2,920$2,280$1,761$1,347$1,023$390
24 years$2,769$2,136$1,628$1,229$919$333
25 years$2,630$2,005$1,508$1,122$827$284
26 years$2,502$1,884$1,399$1,026$745$243
27 years$2,383$1,773$1,299$939$672$207
28 years$2,273$1,671$1,208$860$606$177
29 years$2,171$1,576$1,124$789$547$152
30 years$2,076$1,488$1,047$724$494$130
31 years$1,988$1,407$976$665$447$111
32 years$1,905$1,331$910$611$404$95
33 years$1,827$1,261$850$562$366$81
34 years$1,754$1,195$794$517$331$70
35 years$1,685$1,133$743$476$300$60
36 years$1,620$1,076$695$438$272$51
37 years$1,559$1,022$650$404$246$44
38 years$1,501$971$609$372$223$37
39 years$1,446$923$570$343$203$32
40 years$1,395$879$535$317$184$27
41 years$1,345$836$501$292$167$24
42 years$1,299$796$470$270$151$20
43 years$1,254$759$441$249$137$17
44 years$1,212$723$414$230$125$15
45 years$1,172$690$389$212$113$13
46 years$1,133$658$365$196$103$11
47 years$1,097$628$343$181$93$9
48 years$1,061$599$323$167$85$8
49 years$1,028$572$303$155$77$7
50 years$996$547$285$143$70$6

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 $3,632 every year, while hoping to spend $26,976 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: 55/40/5 Blend
43$1,020,000$1,020,000$1,020,000$1,020,000
44$1,127,786$1,073,726$1,057,916$1,188,465
45$1,214,118$1,097,637$1,064,654$1,253,682
46$1,308,352$1,121,815$1,070,714$1,321,326
47$1,411,265$1,146,245$1,076,044$1,394,299
48$1,523,713$1,170,910$1,080,590$1,473,113
49$1,646,639$1,195,791$1,084,297$1,558,327
50$1,781,079$1,220,868$1,087,104$1,650,558
51$1,928,176$1,246,118$1,088,950$1,750,485
52$2,089,189$1,271,516$1,089,768$1,858,859
53$2,265,501$1,297,035$1,089,490$1,976,502
54$2,458,639$1,322,646$1,088,044$2,104,324
55$2,670,281$1,348,317$1,085,355$2,243,325
56$2,902,278$1,374,013$1,081,343$2,394,609
57$3,156,667$1,399,696$1,075,924$2,559,389
58$3,435,691$1,425,326$1,069,012$2,739,004
59$3,741,824$1,450,859$1,060,516$2,934,930
60$4,077,786$1,476,247$1,050,339$3,148,792
61$4,446,576$1,501,439$1,038,382$3,382,380
62$4,851,498$1,526,381$1,024,539$3,637,668
63$5,296,190$1,551,013$1,008,700$3,916,832
64$5,784,661$1,575,272$990,751$4,222,268
65$6,321,326$1,599,090$970,571$4,556,618
66$6,911,050$1,622,394$948,033$4,922,793
67$7,559,191$1,645,105$923,007$5,324,002
68$8,271,654$1,667,141$895,353$5,763,782
69$9,054,944$1,688,412$864,928$6,246,029
70$9,916,225$1,708,821$831,580$6,775,039
71$10,863,394$1,728,267$795,152$7,355,548
72$11,905,149$1,746,641$755,479$7,992,772
73$13,051,075$1,763,827$712,388$8,692,463
74$14,311,730$1,779,700$665,698$9,460,961
75$15,698,750$1,794,129$615,222$10,305,251
76$17,224,953$1,806,972$560,763$11,233,035
77$18,904,464$1,818,079$502,115$12,252,800
78$20,752,846$1,827,292$439,062$13,373,901
79$22,787,247$1,834,440$371,382$14,606,648
80$25,026,562$1,839,344$298,839$15,962,406
81$27,491,610$1,841,810$221,188$17,453,701
82$30,205,332$1,841,636$138,175$19,094,339
83$33,193,005$1,838,605$49,533$20,899,535
84$36,482,482$1,832,488$0$22,886,062
85$40,104,455$1,823,040$0$25,074,808
86$44,092,744$1,810,003$0$27,486,720
87$48,484,614$1,793,103$0$30,141,624
88$53,321,128$1,772,049$0$33,064,287
89$58,647,536$1,746,532$0$36,282,004
90$64,513,699$1,716,226$0$39,824,859
91$70,974,559$1,680,784$0$43,726,010
92$78,090,662$1,639,841$0$48,021,997
93$85,928,724$1,593,007$0$52,753,094
94$94,562,261$1,539,872$0$57,963,689
95$104,072,287$1,480,001$0$63,702,700
96$114,548,073$1,412,933$0$70,024,041
97$126,087,992$1,338,182$0$76,987,134
98$138,800,447$1,255,233$0$84,657,464
99$152,804,894$1,163,541$0$93,107,205
100$168,232,969$1,062,530$0$102,415,901