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%11.8%
1 years$117,262$116,218$115,199$114,204$113,233$112,378
2 years$58,051$56,969$55,922$54,906$53,920$53,059
3 years$38,316$37,230$36,185$35,179$34,209$33,367
4 years$28,451$27,368$26,333$25,344$24,398$23,582
5 years$22,533$21,457$20,436$19,467$18,547$17,760
6 years$18,589$17,521$16,515$15,568$14,676$13,918
7 years$15,773$14,714$13,724$12,799$11,935$11,207
8 years$13,662$12,613$11,639$10,737$9,902$9,204
9 years$12,021$10,982$10,025$9,145$8,339$7,670
10 years$10,709$9,680$8,740$7,883$7,105$6,466
11 years$9,636$8,617$7,694$6,861$6,110$5,500
12 years$8,743$7,735$6,829$6,018$5,295$4,714
13 years$7,988$6,990$6,101$5,313$4,617$4,064
14 years$7,341$6,354$5,482$4,716$4,048$3,521
15 years$6,781$5,804$4,949$4,206$3,564$3,063
16 years$6,291$5,325$4,487$3,766$3,150$2,675
17 years$5,860$4,904$4,083$3,384$2,793$2,343
18 years$5,476$4,532$3,727$3,049$2,483$2,057
19 years$5,134$4,200$3,412$2,755$2,213$1,810
20 years$4,826$3,903$3,132$2,496$1,977$1,596
21 years$4,548$3,635$2,880$2,265$1,769$1,410
22 years$4,295$3,393$2,655$2,059$1,586$1,247
23 years$4,065$3,174$2,451$1,875$1,424$1,104
24 years$3,855$2,974$2,267$1,711$1,280$979
25 years$3,661$2,791$2,100$1,562$1,151$869
26 years$3,483$2,623$1,947$1,428$1,037$772
27 years$3,318$2,468$1,808$1,307$935$686
28 years$3,165$2,326$1,681$1,198$844$611
29 years$3,023$2,194$1,564$1,098$762$543
30 years$2,891$2,072$1,457$1,008$688$484
31 years$2,767$1,959$1,358$926$622$431
32 years$2,651$1,854$1,267$851$563$384
33 years$2,543$1,755$1,183$782$509$343
34 years$2,441$1,664$1,106$720$461$306
35 years$2,346$1,578$1,034$663$418$273
36 years$2,255$1,498$967$610$379$244
37 years$2,170$1,422$905$562$343$217
38 years$2,090$1,352$848$518$311$194
39 years$2,014$1,285$794$478$282$173
40 years$1,941$1,223$744$441$256$155
41 years$1,873$1,164$698$407$232$138
42 years$1,808$1,109$655$375$211$124
43 years$1,746$1,056$614$347$191$110
44 years$1,687$1,007$577$320$173$99
45 years$1,631$960$541$295$158$88
46 years$1,578$916$509$273$143$79
47 years$1,527$874$478$252$130$70
48 years$1,478$835$449$233$118$63
49 years$1,431$797$422$215$107$56
50 years$1,386$761$397$199$97$50

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 $3,762 every year, while hoping to spend $46,055 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: 47/35/18 Blend
43$1,420,000$1,420,000$1,420,000$1,420,000
44$1,568,721$1,493,461$1,471,451$1,634,285
45$1,679,728$1,517,638$1,471,742$1,704,472
46$1,800,514$1,541,456$1,470,500$1,775,656
47$1,932,029$1,564,850$1,467,623$1,851,940
48$2,075,316$1,587,747$1,463,008$1,933,819
49$2,231,523$1,610,073$1,456,545$2,021,840
50$2,401,917$1,631,744$1,448,117$2,116,607
51$2,587,888$1,652,675$1,437,605$2,218,786
52$2,790,969$1,672,773$1,424,881$2,329,114
53$3,012,847$1,691,938$1,409,813$2,448,403
54$3,255,378$1,710,063$1,392,263$2,577,550
55$3,520,606$1,727,036$1,372,083$2,717,545
56$3,810,783$1,742,736$1,349,123$2,869,481
57$4,128,386$1,757,033$1,323,222$3,034,567
58$4,476,146$1,769,792$1,294,215$3,214,133
59$4,857,067$1,780,866$1,261,925$3,409,650
60$5,274,460$1,790,100$1,226,171$3,622,743
61$5,731,968$1,797,329$1,186,761$3,855,202
62$6,233,607$1,802,376$1,143,496$4,109,006
63$6,783,798$1,805,056$1,096,166$4,386,337
64$7,387,411$1,805,169$1,044,553$4,689,604
65$8,049,809$1,802,505$988,429$5,021,466
66$8,776,903$1,796,840$927,554$5,384,856
67$9,575,199$1,787,938$861,679$5,783,013
68$10,451,867$1,775,545$790,543$6,219,508
69$11,414,806$1,759,395$713,875$6,698,285
70$12,472,715$1,739,204$631,388$7,223,691
71$13,635,180$1,714,672$542,787$7,800,527
72$14,912,758$1,685,481$447,761$8,434,087
73$16,317,083$1,651,294$345,985$9,130,211
74$17,860,971$1,611,753$237,121$9,895,345
75$19,558,541$1,566,480$120,815$10,736,596
76$21,425,350$1,515,075$0$11,661,806
77$23,478,536$1,457,113$0$12,680,261
78$25,736,983$1,392,148$0$13,825,670
79$28,221,495$1,319,704$0$15,085,407
80$30,954,998$1,239,279$0$16,471,160
81$33,962,747$1,150,343$0$17,995,816
82$37,272,572$1,052,335$0$19,673,581
83$40,915,136$944,661$0$21,520,120
84$44,924,227$826,696$0$23,552,701
85$49,337,070$697,776$0$25,790,362
86$54,194,686$557,203$0$28,254,091
87$59,542,275$404,236$0$30,967,026
88$65,429,638$238,095$0$33,954,676
89$71,911,656$57,956$0$37,245,161
90$79,048,797$0$0$40,869,481
91$86,907,694$0$0$44,914,593
92$95,561,771$0$0$49,393,786
93$105,091,932$0$0$54,326,641
94$115,587,330$0$0$59,759,330
95$127,146,203$0$0$65,742,732
96$139,876,804$0$0$72,332,911
97$153,898,419$0$0$79,591,648
98$169,342,496$0$0$87,587,020
99$186,353,881$0$0$96,394,047
100$205,092,188$0$0$106,095,394