Can I retire at age 44 with 1,040,000?

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 $1,040,000?

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$85,882$85,117$84,371$83,642$82,931$81,895
2 years$42,516$41,724$40,957$40,213$39,491$38,448
3 years$28,062$27,267$26,502$25,765$25,055$24,038
4 years$20,837$20,044$19,286$18,562$17,869$16,886
5 years$16,503$15,715$14,967$14,257$13,584$12,638
6 years$13,615$12,832$12,096$11,402$10,748$9,840
7 years$11,552$10,777$10,052$9,374$8,741$7,871
8 years$10,006$9,238$8,524$7,864$7,252$6,419
9 years$8,804$8,043$7,342$6,698$6,107$5,312
10 years$7,843$7,089$6,401$5,774$5,204$4,446
11 years$7,058$6,311$5,635$5,025$4,475$3,754
12 years$6,403$5,665$5,001$4,408$3,878$3,193
13 years$5,850$5,119$4,468$3,891$3,382$2,731
14 years$5,376$4,653$4,015$3,454$2,964$2,348
15 years$4,966$4,251$3,625$3,081$2,610$2,026
16 years$4,608$3,900$3,286$2,758$2,307$1,755
17 years$4,292$3,592$2,991$2,478$2,045$1,524
18 years$4,011$3,319$2,730$2,233$1,819$1,327
19 years$3,760$3,076$2,499$2,018$1,621$1,158
20 years$3,535$2,858$2,294$1,828$1,448$1,012
21 years$3,331$2,662$2,110$1,659$1,296$886
22 years$3,146$2,485$1,944$1,508$1,161$776
23 years$2,977$2,324$1,795$1,374$1,043$681
24 years$2,823$2,178$1,660$1,253$937$599
25 years$2,681$2,044$1,538$1,144$843$526
26 years$2,551$1,921$1,426$1,046$760$463
27 years$2,430$1,808$1,324$958$685$408
28 years$2,318$1,703$1,231$877$618$359
29 years$2,214$1,607$1,146$805$558$317
30 years$2,117$1,518$1,067$738$504$279
31 years$2,027$1,435$995$678$456$246
32 years$1,942$1,357$928$623$412$218
33 years$1,862$1,286$867$573$373$192
34 years$1,788$1,218$810$527$338$170
35 years$1,718$1,156$757$485$306$150
36 years$1,652$1,097$708$447$277$132
37 years$1,589$1,042$663$412$251$117
38 years$1,530$990$621$380$228$103
39 years$1,475$941$582$350$207$91
40 years$1,422$896$545$323$187$81
41 years$1,372$853$511$298$170$71
42 years$1,324$812$480$275$154$63
43 years$1,279$774$450$254$140$56
44 years$1,236$738$422$234$127$49
45 years$1,195$703$397$216$115$44
46 years$1,155$671$372$200$105$39
47 years$1,118$640$350$185$95$34
48 years$1,082$611$329$171$86$30
49 years$1,048$584$309$158$78$27
50 years$1,015$558$291$146$71$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,040,000, adding $3,329 every year, while hoping to spend $29,280 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: 48/31/21 Blend
43$1,040,000$1,040,000$1,040,000$1,040,000
44$1,149,514$1,094,394$1,078,274$1,197,712
45$1,235,611$1,116,865$1,083,242$1,254,101
46$1,329,508$1,139,457$1,087,396$1,312,087
47$1,431,970$1,162,143$1,090,676$1,374,447
48$1,543,840$1,184,897$1,093,023$1,441,604
49$1,666,043$1,207,688$1,094,370$1,514,025
50$1,799,600$1,230,485$1,094,652$1,592,226
51$1,945,634$1,253,254$1,093,798$1,676,772
52$2,105,381$1,275,956$1,091,733$1,768,290
53$2,280,203$1,298,551$1,088,379$1,867,471
54$2,471,600$1,320,995$1,083,655$1,975,075
55$2,681,221$1,343,243$1,077,476$2,091,942
56$2,910,886$1,365,242$1,069,752$2,218,998
57$3,162,596$1,386,938$1,060,388$2,357,264
58$3,438,557$1,408,274$1,049,287$2,507,867
59$3,741,197$1,429,187$1,036,346$2,672,048
60$4,073,191$1,449,610$1,021,456$2,851,177
61$4,437,487$1,469,470$1,004,504$3,046,765
62$4,837,328$1,488,692$985,373$3,260,479
63$5,276,291$1,507,193$963,938$3,494,155
64$5,758,313$1,524,886$940,071$3,749,821
65$6,287,732$1,541,677$913,634$4,029,711
66$6,869,327$1,557,465$884,487$4,336,290
67$7,508,363$1,572,145$852,482$4,672,276
68$8,210,639$1,585,603$817,463$5,040,666
69$8,982,544$1,597,718$779,268$5,444,765
70$9,831,118$1,608,360$737,728$5,888,219
71$10,764,115$1,617,393$692,665$6,375,046
72$11,790,081$1,624,671$643,895$6,909,679
73$12,918,427$1,630,038$591,223$7,497,004
74$14,159,526$1,633,330$534,449$8,142,411
75$15,524,805$1,634,370$473,361$8,851,841
76$17,026,855$1,632,974$407,737$9,631,845
77$18,679,546$1,628,942$337,349$10,489,648
78$20,498,165$1,622,065$261,955$11,433,213
79$22,499,552$1,612,120$181,305$12,471,324
80$24,702,263$1,598,871$95,136$13,613,660
81$27,126,746$1,582,068$3,174$14,870,898
82$29,795,528$1,561,443$0$16,254,806
83$32,733,435$1,536,717$0$17,799,637
84$35,967,819$1,507,590$0$19,500,560
85$39,528,821$1,473,746$0$21,372,702
86$43,449,652$1,434,851$0$23,433,522
87$47,766,908$1,390,550$0$25,702,261
88$52,520,913$1,340,468$0$28,200,127
89$57,756,104$1,284,208$0$30,950,495
90$63,521,442$1,221,350$0$33,979,128
91$69,870,884$1,151,450$0$37,314,419
92$76,863,881$1,074,038$0$40,987,665
93$84,565,948$988,618$0$45,033,358
94$93,049,277$894,662$0$49,489,512
95$102,393,420$791,618$0$54,398,027
96$112,686,039$678,898$0$59,805,080
97$124,023,733$555,881$0$65,761,567
98$136,512,949$421,914$0$72,323,580
99$150,270,987$276,305$0$79,552,940
100$165,427,106$118,323$0$87,517,783