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%13.5%
1 years$85,056$84,299$83,560$82,838$82,134$80,940
2 years$42,107$41,323$40,563$39,826$39,111$37,911
3 years$27,793$27,005$26,247$25,517$24,814$23,644
4 years$20,637$19,852$19,101$18,384$17,697$16,568
5 years$16,344$15,564$14,823$14,120$13,453$12,367
6 years$13,484$12,709$11,979$11,292$10,645$9,603
7 years$11,441$10,673$9,955$9,284$8,657$7,660
8 years$9,910$9,149$8,443$7,788$7,182$6,230
9 years$8,720$7,966$7,272$6,634$6,048$5,140
10 years$7,768$7,021$6,339$5,718$5,154$4,289
11 years$6,990$6,251$5,581$4,977$4,432$3,610
12 years$6,342$5,610$4,953$4,365$3,841$3,060
13 years$5,794$5,070$4,425$3,854$3,349$2,609
14 years$5,325$4,609$3,976$3,421$2,936$2,236
15 years$4,918$4,210$3,590$3,051$2,585$1,923
16 years$4,563$3,863$3,255$2,732$2,285$1,659
17 years$4,250$3,557$2,962$2,454$2,026$1,436
18 years$3,972$3,287$2,704$2,212$1,801$1,246
19 years$3,724$3,046$2,475$1,999$1,605$1,083
20 years$3,501$2,831$2,272$1,810$1,434$943
21 years$3,299$2,637$2,089$1,643$1,283$822
22 years$3,116$2,461$1,926$1,494$1,150$718
23 years$2,949$2,302$1,778$1,360$1,033$628
24 years$2,796$2,157$1,644$1,241$928$549
25 years$2,655$2,024$1,523$1,133$835$481
26 years$2,526$1,902$1,413$1,036$752$422
27 years$2,407$1,790$1,312$948$678$370
28 years$2,296$1,687$1,219$869$612$325
29 years$2,193$1,592$1,135$797$553$285
30 years$2,097$1,503$1,057$731$499$250
31 years$2,007$1,421$985$672$451$220
32 years$1,923$1,344$919$617$408$193
33 years$1,845$1,273$858$568$370$170
34 years$1,771$1,207$802$522$335$149
35 years$1,701$1,145$750$481$303$131
36 years$1,636$1,086$701$443$275$116
37 years$1,574$1,032$657$408$249$102
38 years$1,516$981$615$376$226$90
39 years$1,461$932$576$347$205$79
40 years$1,408$887$540$320$186$69
41 years$1,359$844$506$295$168$61
42 years$1,311$804$475$272$153$54
43 years$1,266$766$446$251$139$47
44 years$1,224$730$418$232$126$42
45 years$1,183$697$393$214$114$37
46 years$1,144$664$369$198$104$32
47 years$1,107$634$347$183$94$28
48 years$1,072$605$326$169$86$25
49 years$1,038$578$306$156$78$22
50 years$1,006$552$288$144$71$19

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 $4,223 every year, while hoping to spend $55,461 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: 48/27/25 Blend
43$1,030,000$1,030,000$1,030,000$1,030,000
44$1,139,416$1,084,826$1,068,861$1,185,820
45$1,196,626$1,078,972$1,045,658$1,212,901
46$1,257,813$1,070,973$1,019,818$1,236,456
47$1,323,324$1,060,665$991,196$1,260,928
48$1,393,539$1,047,873$959,637$1,286,432
49$1,468,876$1,032,415$924,981$1,313,093
50$1,549,793$1,014,095$887,059$1,341,057
51$1,636,793$992,706$845,697$1,370,485
52$1,730,428$968,031$800,710$1,401,559
53$1,831,304$939,837$751,906$1,434,487
54$1,940,087$907,879$699,085$1,469,498
55$2,057,509$871,898$642,037$1,506,852
56$2,184,373$831,619$580,543$1,546,840
57$2,321,562$786,752$514,375$1,589,789
58$2,470,048$736,990$443,294$1,636,062
59$2,630,898$682,007$367,049$1,686,069
60$2,805,285$621,461$285,380$1,740,266
61$2,994,499$554,988$198,016$1,799,161
62$3,199,961$482,204$104,672$1,863,325
63$3,423,230$402,705$5,051$1,933,392
64$3,666,024$316,062$0$2,010,069
65$3,930,232$221,823$0$2,121,155
66$4,217,933$119,510$0$2,243,710
67$4,531,414$8,618$0$2,377,451
68$4,873,192$0$0$2,523,559
69$5,246,039$0$0$2,716,433
70$5,653,003$0$0$2,929,857
71$6,097,442$0$0$3,163,046
72$6,583,050$0$0$3,417,952
73$7,113,895$0$0$3,696,726
74$7,694,457$0$0$4,001,733
75$8,329,667$0$0$4,335,581
76$9,024,955$0$0$4,701,141
77$9,786,301$0$0$5,101,572
78$10,620,289$0$0$5,540,357
79$11,534,172$0$0$6,021,327
80$12,535,935$0$0$6,548,707
81$13,634,373$0$0$7,127,144
82$14,839,176$0$0$7,761,763
83$16,161,012$0$0$8,458,203
84$17,611,636$0$0$9,222,679
85$19,203,992$0$0$10,062,037
86$20,952,341$0$0$10,983,817
87$22,872,393$0$0$11,996,324
88$24,981,452$0$0$13,108,711
89$27,298,581$0$0$14,331,057
90$29,844,782$0$0$15,674,468
91$32,643,190$0$0$17,151,179
92$35,719,294$0$0$18,774,668
93$39,101,175$0$0$20,559,787
94$42,819,772$0$0$22,522,896
95$46,909,169$0$0$24,682,021
96$51,406,920$0$0$27,057,024
97$56,354,403$0$0$29,669,786
98$61,797,204$0$0$32,544,418
99$67,785,552$0$0$35,707,483
100$74,374,790$0$0$39,188,253