Can I retire at age 44 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$117,262$116,218$115,199$114,204$113,233$110,585
2 years$58,051$56,969$55,922$54,906$53,920$51,268
3 years$38,316$37,230$36,185$35,179$34,209$31,635
4 years$28,451$27,368$26,333$25,344$24,398$21,922
5 years$22,533$21,457$20,436$19,467$18,547$16,176
6 years$18,589$17,521$16,515$15,568$14,676$12,412
7 years$15,773$14,714$13,724$12,799$11,935$9,779
8 years$13,662$12,613$11,639$10,737$9,902$7,852
9 years$12,021$10,982$10,025$9,145$8,339$6,394
10 years$10,709$9,680$8,740$7,883$7,105$5,263
11 years$9,636$8,617$7,694$6,861$6,110$4,369
12 years$8,743$7,735$6,829$6,018$5,295$3,652
13 years$7,988$6,990$6,101$5,313$4,617$3,069
14 years$7,341$6,354$5,482$4,716$4,048$2,590
15 years$6,781$5,804$4,949$4,206$3,564$2,194
16 years$6,291$5,325$4,487$3,766$3,150$1,865
17 years$5,860$4,904$4,083$3,384$2,793$1,588
18 years$5,476$4,532$3,727$3,049$2,483$1,356
19 years$5,134$4,200$3,412$2,755$2,213$1,160
20 years$4,826$3,903$3,132$2,496$1,977$993
21 years$4,548$3,635$2,880$2,265$1,769$852
22 years$4,295$3,393$2,655$2,059$1,586$731
23 years$4,065$3,174$2,451$1,875$1,424$629
24 years$3,855$2,974$2,267$1,711$1,280$541
25 years$3,661$2,791$2,100$1,562$1,151$465
26 years$3,483$2,623$1,947$1,428$1,037$401
27 years$3,318$2,468$1,808$1,307$935$345
28 years$3,165$2,326$1,681$1,198$844$298
29 years$3,023$2,194$1,564$1,098$762$257
30 years$2,891$2,072$1,457$1,008$688$221
31 years$2,767$1,959$1,358$926$622$191
32 years$2,651$1,854$1,267$851$563$165
33 years$2,543$1,755$1,183$782$509$142
34 years$2,441$1,664$1,106$720$461$123
35 years$2,346$1,578$1,034$663$418$106
36 years$2,255$1,498$967$610$379$92
37 years$2,170$1,422$905$562$343$79
38 years$2,090$1,352$848$518$311$68
39 years$2,014$1,285$794$478$282$59
40 years$1,941$1,223$744$441$256$51
41 years$1,873$1,164$698$407$232$44
42 years$1,808$1,109$655$375$211$38
43 years$1,746$1,056$614$347$191$33
44 years$1,687$1,007$577$320$173$28
45 years$1,631$960$541$295$158$25
46 years$1,578$916$509$273$143$21
47 years$1,527$874$478$252$130$18
48 years$1,478$835$449$233$118$16
49 years$1,431$797$422$215$107$14
50 years$1,386$761$397$199$97$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,420,000, adding $6,908 every year, while hoping to spend $31,353 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: 24/50/26 Blend
43$1,420,000$1,420,000$1,420,000$1,420,000
44$1,571,966$1,496,706$1,474,696$1,596,630
45$1,698,947$1,536,685$1,490,739$1,657,829
46$1,837,829$1,577,572$1,506,268$1,720,240
47$1,989,794$1,619,379$1,521,234$1,786,443
48$2,156,140$1,662,117$1,535,583$1,856,775
49$2,338,301$1,705,795$1,549,260$1,931,604
50$2,537,853$1,750,424$1,562,205$2,011,336
51$2,756,532$1,796,012$1,574,357$2,096,420
52$2,996,250$1,842,569$1,585,650$2,187,347
53$3,259,114$1,890,102$1,596,016$2,284,661
54$3,547,444$1,938,616$1,605,382$2,388,958
55$3,863,794$1,988,119$1,613,673$2,500,899
56$4,210,978$2,038,615$1,620,809$2,621,207
57$4,592,098$2,090,107$1,626,705$2,750,683
58$5,010,567$2,142,597$1,631,275$2,890,207
59$5,470,147$2,196,086$1,634,425$3,040,749
60$5,974,982$2,250,575$1,636,059$3,203,380
61$6,529,637$2,306,060$1,636,074$3,379,277
62$7,139,141$2,362,538$1,634,363$3,569,742
63$7,809,035$2,420,003$1,630,815$3,776,205
64$8,545,420$2,478,447$1,625,311$4,000,245
65$9,355,023$2,537,861$1,617,729$4,243,603
66$10,245,251$2,598,232$1,607,939$4,508,198
67$11,224,268$2,659,546$1,595,806$4,796,143
68$12,301,064$2,721,786$1,581,187$5,109,770
69$13,485,550$2,784,930$1,563,933$5,451,650
70$14,788,641$2,848,957$1,543,890$5,824,615
71$16,222,366$2,913,839$1,520,894$6,231,790
72$17,799,977$2,979,547$1,494,773$6,676,617
73$19,536,077$3,046,047$1,465,350$7,162,893
74$21,446,754$3,113,301$1,432,437$7,694,805
75$23,549,738$3,181,267$1,395,839$8,276,965
76$25,864,561$3,249,900$1,355,350$8,914,461
77$28,412,749$3,319,147$1,310,756$9,612,901
78$31,218,016$3,388,952$1,261,833$10,378,469
79$34,306,497$3,459,253$1,208,348$11,217,980
80$37,706,986$3,529,983$1,150,054$12,138,949
81$41,451,213$3,601,067$1,086,696$13,149,660
82$45,574,143$3,672,425$1,018,006$14,259,248
83$50,114,301$3,743,970$943,704$15,477,779
84$55,114,140$3,815,604$863,499$16,816,354
85$60,620,440$3,887,227$777,084$18,287,209
86$66,684,750$3,958,726$684,141$19,903,834
87$73,363,871$4,029,981$584,337$21,681,099
88$80,720,398$4,100,862$477,324$23,635,397
89$88,823,302$4,171,228$362,738$25,784,800
90$97,748,590$4,240,929$240,200$28,149,229
91$107,580,014$4,309,802$109,315$30,750,642
92$118,409,867$4,377,674$0$33,613,249
93$130,339,851$4,444,357$0$36,772,156
94$143,482,037$4,509,652$0$40,281,265
95$157,959,922$4,573,343$0$44,142,769
96$173,909,598$4,635,200$0$48,392,538
97$191,481,030$4,694,978$0$53,070,105
98$210,839,477$4,752,414$0$58,219,040
99$232,167,048$4,807,226$0$63,887,358
100$255,664,422$4,859,116$0$70,127,976