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%19.6%
1 years$117,262$116,218$115,199$114,204$113,233$108,869
2 years$58,051$56,969$55,922$54,906$53,920$49,576
3 years$38,316$37,230$36,185$35,179$34,209$30,021
4 years$28,451$27,368$26,333$25,344$24,398$20,398
5 years$22,533$21,457$20,436$19,467$18,547$14,745
6 years$18,589$17,521$16,515$15,568$14,676$11,075
7 years$15,773$14,714$13,724$12,799$11,935$8,534
8 years$13,662$12,613$11,639$10,737$9,902$6,697
9 years$12,021$10,982$10,025$9,145$8,339$5,325
10 years$10,709$9,680$8,740$7,883$7,105$4,278
11 years$9,636$8,617$7,694$6,861$6,110$3,463
12 years$8,743$7,735$6,829$6,018$5,295$2,820
13 years$7,988$6,990$6,101$5,313$4,617$2,308
14 years$7,341$6,354$5,482$4,716$4,048$1,896
15 years$6,781$5,804$4,949$4,206$3,564$1,563
16 years$6,291$5,325$4,487$3,766$3,150$1,291
17 years$5,860$4,904$4,083$3,384$2,793$1,069
18 years$5,476$4,532$3,727$3,049$2,483$886
19 years$5,134$4,200$3,412$2,755$2,213$736
20 years$4,826$3,903$3,132$2,496$1,977$612
21 years$4,548$3,635$2,880$2,265$1,769$509
22 years$4,295$3,393$2,655$2,059$1,586$424
23 years$4,065$3,174$2,451$1,875$1,424$354
24 years$3,855$2,974$2,267$1,711$1,280$295
25 years$3,661$2,791$2,100$1,562$1,151$246
26 years$3,483$2,623$1,947$1,428$1,037$205
27 years$3,318$2,468$1,808$1,307$935$171
28 years$3,165$2,326$1,681$1,198$844$143
29 years$3,023$2,194$1,564$1,098$762$120
30 years$2,891$2,072$1,457$1,008$688$100
31 years$2,767$1,959$1,358$926$622$83
32 years$2,651$1,854$1,267$851$563$70
33 years$2,543$1,755$1,183$782$509$58
34 years$2,441$1,664$1,106$720$461$49
35 years$2,346$1,578$1,034$663$418$41
36 years$2,255$1,498$967$610$379$34
37 years$2,170$1,422$905$562$343$28
38 years$2,090$1,352$848$518$311$24
39 years$2,014$1,285$794$478$282$20
40 years$1,941$1,223$744$441$256$17
41 years$1,873$1,164$698$407$232$14
42 years$1,808$1,109$655$375$211$12
43 years$1,746$1,056$614$347$191$10
44 years$1,687$1,007$577$320$173$8
45 years$1,631$960$541$295$158$7
46 years$1,578$916$509$273$143$6
47 years$1,527$874$478$252$130$5
48 years$1,478$835$449$233$118$4
49 years$1,431$797$422$215$107$3
50 years$1,386$761$397$199$97$3

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 $4,545 every year, while hoping to spend $23,017 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: 40/42/18 Blend
43$1,420,000$1,420,000$1,420,000$1,420,000
44$1,569,528$1,494,268$1,472,258$1,623,761
45$1,705,130$1,542,997$1,497,089$1,711,589
46$1,853,792$1,593,343$1,521,980$1,803,983
47$2,016,822$1,645,360$1,546,909$1,903,456
48$2,195,660$1,699,104$1,571,853$2,010,662
49$2,391,892$1,754,636$1,596,785$2,126,323
50$2,607,268$1,812,015$1,621,680$2,251,230
51$2,843,710$1,871,305$1,646,507$2,386,256
52$3,103,341$1,932,571$1,671,238$2,532,356
53$3,388,495$1,995,881$1,695,838$2,690,586
54$3,701,747$2,061,304$1,720,273$2,862,104
55$4,045,930$2,128,913$1,744,508$3,048,184
56$4,424,168$2,198,783$1,768,502$3,250,230
57$4,839,901$2,270,992$1,792,215$3,469,783
58$5,296,920$2,345,619$1,815,603$3,708,543
59$5,799,401$2,422,749$1,838,620$3,968,377
60$6,351,943$2,502,467$1,861,217$4,251,344
61$6,959,616$2,584,863$1,883,343$4,559,708
62$7,628,005$2,670,029$1,904,943$4,895,960
63$8,363,263$2,758,062$1,925,960$5,262,844
64$9,172,168$2,849,060$1,946,332$5,663,383
65$10,062,192$2,943,126$1,965,996$6,100,901
66$11,041,563$3,040,367$1,984,885$6,579,060
67$12,119,350$3,140,893$2,002,927$7,101,895
68$13,305,546$3,244,819$2,020,047$7,673,845
69$14,611,159$3,352,263$2,036,166$8,299,802
70$16,048,321$3,463,347$2,051,201$8,985,151
71$17,630,399$3,578,200$2,065,065$9,735,825
72$19,372,120$3,696,952$2,077,666$10,558,356
73$21,289,715$3,819,742$2,088,906$11,459,942
74$23,401,066$3,946,709$2,098,685$12,448,508
75$25,725,879$4,078,002$2,106,895$13,532,785
76$28,285,867$4,213,772$2,113,424$14,722,392
77$31,104,955$4,354,177$2,118,153$16,027,921
78$34,209,510$4,499,381$2,120,961$17,461,046
79$37,628,582$4,649,553$2,121,715$19,034,620
80$41,394,186$4,804,869$2,120,281$20,762,810
81$45,541,596$4,965,511$2,116,514$22,661,218
82$50,109,687$5,131,669$2,110,265$24,747,034
83$55,141,292$5,303,538$2,101,376$27,039,198
84$60,683,615$5,481,322$2,089,683$29,558,575
85$66,788,668$5,665,231$2,075,012$32,328,155
86$73,513,770$5,855,485$2,057,182$35,373,265
87$80,922,080$6,052,310$2,036,004$38,721,811
88$89,083,201$6,255,942$2,011,278$42,404,540
89$98,073,828$6,466,624$1,982,797$46,455,330
90$107,978,480$6,684,610$1,950,342$50,911,507
91$118,890,292$6,910,162$1,913,685$55,814,198
92$130,911,895$7,143,554$1,872,587$61,208,720
93$144,156,389$7,385,068$1,826,799$67,145,004
94$158,748,402$7,634,998$1,776,058$73,678,069
95$174,825,274$7,893,648$1,720,092$80,868,536
96$192,538,350$8,161,335$1,658,613$88,783,206
97$212,054,409$8,438,387$1,591,323$97,495,683
98$233,557,235$8,725,145$1,517,909$107,087,072
99$257,249,358$9,021,962$1,438,044$117,646,744
100$283,353,960$9,329,205$1,351,386$129,273,174