Can I retire at age 44 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$85,056$84,299$83,560$82,838$82,134$81,310
2 years$42,107$41,323$40,563$39,826$39,111$38,281
3 years$27,793$27,005$26,247$25,517$24,814$24,004
4 years$20,637$19,852$19,101$18,384$17,697$16,913
5 years$16,344$15,564$14,823$14,120$13,453$12,698
6 years$13,484$12,709$11,979$11,292$10,645$9,919
7 years$11,441$10,673$9,955$9,284$8,657$7,961
8 years$9,910$9,149$8,443$7,788$7,182$6,515
9 years$8,720$7,966$7,272$6,634$6,048$5,410
10 years$7,768$7,021$6,339$5,718$5,154$4,545
11 years$6,990$6,251$5,581$4,977$4,432$3,852
12 years$6,342$5,610$4,953$4,365$3,841$3,288
13 years$5,794$5,070$4,425$3,854$3,349$2,824
14 years$5,325$4,609$3,976$3,421$2,936$2,437
15 years$4,918$4,210$3,590$3,051$2,585$2,112
16 years$4,563$3,863$3,255$2,732$2,285$1,836
17 years$4,250$3,557$2,962$2,454$2,026$1,602
18 years$3,972$3,287$2,704$2,212$1,801$1,400
19 years$3,724$3,046$2,475$1,999$1,605$1,227
20 years$3,501$2,831$2,272$1,810$1,434$1,077
21 years$3,299$2,637$2,089$1,643$1,283$947
22 years$3,116$2,461$1,926$1,494$1,150$834
23 years$2,949$2,302$1,778$1,360$1,033$735
24 years$2,796$2,157$1,644$1,241$928$649
25 years$2,655$2,024$1,523$1,133$835$573
26 years$2,526$1,902$1,413$1,036$752$507
27 years$2,407$1,790$1,312$948$678$449
28 years$2,296$1,687$1,219$869$612$397
29 years$2,193$1,592$1,135$797$553$352
30 years$2,097$1,503$1,057$731$499$312
31 years$2,007$1,421$985$672$451$276
32 years$1,923$1,344$919$617$408$245
33 years$1,845$1,273$858$568$370$218
34 years$1,771$1,207$802$522$335$193
35 years$1,701$1,145$750$481$303$171
36 years$1,636$1,086$701$443$275$152
37 years$1,574$1,032$657$408$249$135
38 years$1,516$981$615$376$226$120
39 years$1,461$932$576$347$205$107
40 years$1,408$887$540$320$186$95
41 years$1,359$844$506$295$168$84
42 years$1,311$804$475$272$153$75
43 years$1,266$766$446$251$139$67
44 years$1,224$730$418$232$126$59
45 years$1,183$697$393$214$114$53
46 years$1,144$664$369$198$104$47
47 years$1,107$634$347$183$94$42
48 years$1,072$605$326$169$86$37
49 years$1,038$578$306$156$78$33
50 years$1,006$552$288$144$71$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,030,000, adding $4,226 every year, while hoping to spend $47,549 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: 31/43/26 Blend
43$1,030,000$1,030,000$1,030,000$1,030,000
44$1,139,419$1,084,829$1,068,864$1,165,529
45$1,205,048$1,087,394$1,054,079$1,188,507
46$1,275,778$1,088,491$1,037,206$1,208,728
47$1,352,078$1,087,998$1,018,123$1,229,545
48$1,434,465$1,085,785$996,705$1,251,041
49$1,523,506$1,081,714$972,821$1,273,312
50$1,619,826$1,075,640$946,332$1,296,470
51$1,724,109$1,067,408$917,095$1,320,640
52$1,837,110$1,056,852$884,959$1,345,965
53$1,959,656$1,043,799$849,767$1,372,606
54$2,092,660$1,028,064$811,353$1,400,749
55$2,237,124$1,009,452$769,546$1,430,600
56$2,394,149$987,754$724,164$1,462,395
57$2,564,950$962,751$675,022$1,496,398
58$2,750,860$934,212$621,920$1,532,909
59$2,953,349$901,888$564,655$1,572,261
60$3,174,030$865,521$503,011$1,614,833
61$3,414,684$824,834$436,764$1,661,047
62$3,677,267$779,536$365,681$1,711,378
63$3,963,933$729,318$289,516$1,766,357
64$4,277,054$673,855$208,015$1,826,578
65$4,619,241$612,801$120,911$1,892,707
66$4,993,367$545,792$27,925$1,965,486
67$5,402,597$472,443$0$2,045,745
68$5,850,417$392,347$0$2,154,191
69$6,340,661$305,074$0$2,281,628
70$6,877,556$210,170$0$2,421,538
71$7,465,754$107,155$0$2,575,294
72$8,110,378$0$0$2,744,417
73$8,817,072$0$0$2,932,711
74$9,592,052$0$0$3,194,959
75$10,442,162$0$0$3,482,795
76$11,374,942$0$0$3,798,791
77$12,398,698$0$0$4,145,782
78$13,522,578$0$0$4,526,891
79$14,756,658$0$0$4,945,558
80$16,112,040$0$0$5,405,572
81$17,600,953$0$0$5,911,107
82$19,236,867$0$0$6,466,764
83$21,034,624$0$0$7,077,608
84$23,010,574$0$0$7,749,223
85$25,182,728$0$0$8,487,757
86$27,570,933$0$0$9,299,988
87$30,197,050$0$0$10,193,380
88$33,085,169$0$0$11,176,159
89$36,261,828$0$0$12,257,388
90$39,756,269$0$0$13,447,052
91$43,600,709$0$0$14,756,153
92$47,830,644$0$0$16,196,814
93$52,485,186$0$0$17,782,392
94$57,607,430$0$0$19,527,603
95$63,244,859$0$0$21,448,666
96$69,449,792$0$0$23,563,448
97$76,279,878$0$0$25,891,639
98$83,798,637$0$0$28,454,935
99$92,076,064$0$0$31,277,240
100$101,189,283$0$0$34,384,898