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%13.3%
1 years$85,882$85,117$84,371$83,642$82,931$81,793
2 years$42,516$41,724$40,957$40,213$39,491$38,346
3 years$28,062$27,267$26,502$25,765$25,055$23,939
4 years$20,837$20,044$19,286$18,562$17,869$16,791
5 years$16,503$15,715$14,967$14,257$13,584$12,547
6 years$13,615$12,832$12,096$11,402$10,748$9,754
7 years$11,552$10,777$10,052$9,374$8,741$7,789
8 years$10,006$9,238$8,524$7,864$7,252$6,342
9 years$8,804$8,043$7,342$6,698$6,107$5,239
10 years$7,843$7,089$6,401$5,774$5,204$4,376
11 years$7,058$6,311$5,635$5,025$4,475$3,688
12 years$6,403$5,665$5,001$4,408$3,878$3,131
13 years$5,850$5,119$4,468$3,891$3,382$2,673
14 years$5,376$4,653$4,015$3,454$2,964$2,293
15 years$4,966$4,251$3,625$3,081$2,610$1,975
16 years$4,608$3,900$3,286$2,758$2,307$1,707
17 years$4,292$3,592$2,991$2,478$2,045$1,479
18 years$4,011$3,319$2,730$2,233$1,819$1,285
19 years$3,760$3,076$2,499$2,018$1,621$1,119
20 years$3,535$2,858$2,294$1,828$1,448$976
21 years$3,331$2,662$2,110$1,659$1,296$852
22 years$3,146$2,485$1,944$1,508$1,161$745
23 years$2,977$2,324$1,795$1,374$1,043$652
24 years$2,823$2,178$1,660$1,253$937$572
25 years$2,681$2,044$1,538$1,144$843$502
26 years$2,551$1,921$1,426$1,046$760$440
27 years$2,430$1,808$1,324$958$685$387
28 years$2,318$1,703$1,231$877$618$340
29 years$2,214$1,607$1,146$805$558$299
30 years$2,117$1,518$1,067$738$504$263
31 years$2,027$1,435$995$678$456$232
32 years$1,942$1,357$928$623$412$204
33 years$1,862$1,286$867$573$373$180
34 years$1,788$1,218$810$527$338$158
35 years$1,718$1,156$757$485$306$139
36 years$1,652$1,097$708$447$277$123
37 years$1,589$1,042$663$412$251$108
38 years$1,530$990$621$380$228$95
39 years$1,475$941$582$350$207$84
40 years$1,422$896$545$323$187$74
41 years$1,372$853$511$298$170$65
42 years$1,324$812$480$275$154$58
43 years$1,279$774$450$254$140$51
44 years$1,236$738$422$234$127$45
45 years$1,195$703$397$216$115$40
46 years$1,155$671$372$200$105$35
47 years$1,118$640$350$185$95$31
48 years$1,082$611$329$171$86$27
49 years$1,048$584$309$158$78$24
50 years$1,015$558$291$146$71$21

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 $5,757 every year, while hoping to spend $34,285 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: 41/37/22 Blend
43$1,040,000$1,040,000$1,040,000$1,040,000
44$1,152,018$1,096,898$1,080,778$1,191,581
45$1,233,045$1,114,167$1,080,505$1,237,687
46$1,321,188$1,131,134$1,079,074$1,283,848
47$1,417,136$1,147,746$1,076,410$1,333,121
48$1,521,647$1,163,949$1,072,434$1,385,809
49$1,635,558$1,179,686$1,067,063$1,442,248
50$1,759,787$1,194,892$1,060,212$1,502,809
51$1,895,346$1,209,502$1,051,789$1,567,903
52$2,043,347$1,223,444$1,041,700$1,637,983
53$2,205,017$1,236,641$1,029,846$1,713,552
54$2,381,705$1,249,012$1,016,121$1,795,163
55$2,574,895$1,260,471$1,000,418$1,883,429
56$2,786,224$1,270,923$982,622$1,979,028
57$3,017,493$1,280,272$962,613$2,082,708
58$3,270,683$1,288,412$940,267$2,195,295
59$3,547,979$1,295,230$915,452$2,317,703
60$3,851,786$1,300,609$888,032$2,450,942
61$4,184,751$1,304,422$857,865$2,596,126
62$4,549,791$1,306,535$824,799$2,754,487
63$4,950,119$1,306,803$788,678$2,927,386
64$5,389,271$1,305,077$749,339$3,116,325
65$5,871,146$1,301,195$706,611$3,322,963
66$6,400,036$1,294,986$660,315$3,549,133
67$6,980,668$1,286,269$610,264$3,796,859
68$7,618,251$1,274,852$556,263$4,068,375
69$8,318,523$1,260,529$498,108$4,366,149
70$9,087,803$1,243,087$435,586$4,692,902
71$9,933,055$1,222,294$368,474$5,051,642
72$10,861,949$1,197,909$296,541$5,445,688
73$11,882,936$1,169,674$219,543$5,878,703
74$13,005,325$1,137,317$137,227$6,354,731
75$14,239,372$1,100,551$49,328$6,878,232
76$15,596,379$1,059,069$0$7,454,134
77$17,088,796$1,012,549$0$8,098,309
78$18,730,339$960,649$0$8,819,351
79$20,536,121$903,009$0$9,612,356
80$22,522,795$839,246$0$10,484,699
81$24,708,708$768,956$0$11,444,512
82$27,114,073$691,713$0$12,500,762
83$29,761,167$607,065$0$13,663,338
84$32,674,529$514,534$0$14,943,142
85$35,881,203$413,618$0$16,352,196
86$39,410,985$303,785$0$17,903,756
87$43,296,706$184,471$0$19,612,438
88$47,574,543$55,083$0$21,494,354
89$52,284,359$0$0$23,567,273
90$57,470,079$0$0$25,885,393
91$63,180,103$0$0$28,462,752
92$69,467,764$0$0$31,301,020
93$76,391,829$0$0$34,426,745
94$84,017,058$0$0$37,869,184
95$92,414,807$0$0$41,660,576
96$101,663,709$0$0$45,836,446
97$111,850,411$0$0$50,435,938
98$123,070,392$0$0$55,502,190
99$135,428,865$0$0$61,082,736
100$149,041,770$0$0$67,229,956