Can I retire at age 44 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$123,869$122,765$121,689$120,638$119,612$116,156
2 years$61,321$60,179$59,072$57,999$56,958$53,503
3 years$40,475$39,328$38,224$37,161$36,137$32,792
4 years$30,053$28,910$27,817$26,772$25,773$22,563
5 years$23,802$22,666$21,587$20,564$19,592$16,527
6 years$19,636$18,508$17,446$16,445$15,503$12,584
7 years$16,662$15,543$14,497$13,520$12,608$9,837
8 years$14,432$13,323$12,295$11,342$10,459$7,834
9 years$12,698$11,600$10,590$9,661$8,808$6,325
10 years$11,312$10,225$9,232$8,328$7,505$5,162
11 years$10,179$9,103$8,128$7,247$6,455$4,247
12 years$9,236$8,170$7,213$6,357$5,593$3,517
13 years$8,438$7,384$6,445$5,612$4,878$2,928
14 years$7,754$6,711$5,791$4,982$4,276$2,447
15 years$7,163$6,131$5,228$4,443$3,765$2,053
16 years$6,646$5,625$4,740$3,978$3,327$1,727
17 years$6,190$5,181$4,313$3,574$2,950$1,456
18 years$5,785$4,787$3,937$3,221$2,623$1,231
19 years$5,423$4,437$3,605$2,911$2,338$1,041
20 years$5,098$4,123$3,308$2,636$2,088$883
21 years$4,804$3,840$3,043$2,393$1,869$749
22 years$4,537$3,585$2,804$2,175$1,675$636
23 years$4,294$3,353$2,589$1,981$1,504$541
24 years$4,072$3,141$2,395$1,807$1,352$460
25 years$3,867$2,948$2,218$1,650$1,216$391
26 years$3,679$2,770$2,057$1,509$1,096$333
27 years$3,505$2,607$1,910$1,381$988$284
28 years$3,343$2,457$1,776$1,265$891$242
29 years$3,193$2,318$1,652$1,160$805$206
30 years$3,053$2,189$1,539$1,065$727$176
31 years$2,923$2,069$1,435$978$657$150
32 years$2,801$1,958$1,339$899$595$128
33 years$2,686$1,854$1,250$827$538$109
34 years$2,579$1,757$1,168$761$487$93
35 years$2,478$1,667$1,092$700$441$79
36 years$2,382$1,582$1,022$645$400$68
37 years$2,292$1,503$956$594$362$58
38 years$2,207$1,428$895$548$329$49
39 years$2,127$1,358$839$505$298$42
40 years$2,051$1,292$786$466$270$36
41 years$1,978$1,230$737$430$245$31
42 years$1,910$1,171$692$397$222$26
43 years$1,844$1,116$649$366$202$22
44 years$1,782$1,064$609$338$183$19
45 years$1,723$1,014$572$312$166$16
46 years$1,666$968$537$288$151$14
47 years$1,613$923$505$266$137$12
48 years$1,561$882$474$246$125$10
49 years$1,512$842$446$227$113$9
50 years$1,465$804$419$210$103$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,500,000, adding $3,327 every year, while hoping to spend $29,648 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: 31/40/29 Blend
43$1,500,000$1,500,000$1,500,000$1,500,000
44$1,656,432$1,576,932$1,553,682$1,693,003
45$1,793,843$1,622,656$1,574,185$1,767,408
46$1,944,276$1,669,627$1,594,381$1,844,622
47$2,109,028$1,717,875$1,614,229$1,927,160
48$2,289,528$1,767,430$1,633,685$2,015,511
49$2,487,348$1,818,322$1,652,701$2,110,211
50$2,704,220$1,870,584$1,671,230$2,211,850
51$2,942,054$1,924,245$1,689,219$2,321,077
52$3,202,950$1,979,339$1,706,614$2,438,609
53$3,489,222$2,035,898$1,723,357$2,565,230
54$3,803,420$2,093,955$1,739,388$2,701,810
55$4,148,354$2,153,544$1,754,642$2,849,301
56$4,527,115$2,214,697$1,769,052$3,008,755
57$4,943,113$2,277,448$1,782,547$3,181,328
58$5,400,100$2,341,833$1,795,052$3,368,296
59$5,902,213$2,407,886$1,806,489$3,571,062
60$6,454,008$2,475,642$1,816,775$3,791,173
61$7,060,504$2,545,135$1,825,824$4,030,332
62$7,727,229$2,616,401$1,833,544$4,290,415
63$8,460,278$2,689,475$1,839,838$4,573,490
64$9,266,361$2,764,394$1,844,607$4,881,835
65$10,152,873$2,841,193$1,847,745$5,217,960
66$11,127,961$2,919,907$1,849,140$5,584,629
67$12,200,603$3,000,572$1,848,676$5,984,888
68$13,380,688$3,083,223$1,846,230$6,422,097
69$14,679,114$3,167,897$1,841,674$6,899,952
70$16,107,887$3,254,628$1,834,875$7,422,532
71$17,680,238$3,343,451$1,825,689$7,994,327
72$19,410,744$3,434,401$1,813,971$8,620,288
73$21,315,465$3,527,512$1,799,564$9,305,870
74$23,412,099$3,622,817$1,782,307$10,057,085
75$25,720,148$3,720,350$1,762,028$10,880,556
76$28,261,098$3,820,142$1,738,551$11,783,585
77$31,058,626$3,922,225$1,711,689$12,774,218
78$34,138,821$4,026,630$1,681,246$13,861,322
79$37,530,431$4,133,385$1,647,018$15,054,668
80$41,265,133$4,242,518$1,608,791$16,365,026
81$45,377,833$4,354,057$1,566,341$17,804,264
82$49,906,992$4,468,027$1,519,434$19,385,464
83$54,894,996$4,584,451$1,467,826$21,123,040
84$60,388,547$4,703,350$1,411,259$23,032,880
85$66,439,109$4,824,745$1,349,467$25,132,493
86$73,103,393$4,948,652$1,282,169$27,441,176
87$80,443,890$5,075,087$1,209,072$29,980,197
88$88,529,462$5,204,062$1,129,872$32,772,993
89$97,435,992$5,335,586$1,044,247$35,845,396
90$107,247,098$5,469,664$951,865$39,225,874
91$118,054,926$5,606,301$852,375$42,945,803
92$129,961,013$5,745,495$745,415$47,039,760
93$143,077,252$5,887,240$630,602$51,545,856
94$157,526,945$6,031,528$507,540$56,506,088
95$173,445,965$6,178,344$375,814$61,966,743
96$190,984,039$6,327,669$234,990$67,978,836
97$210,306,165$6,479,478$84,616$74,598,584
98$231,594,162$6,633,741$0$81,887,949
99$255,048,394$6,790,422$0$89,938,689
100$280,889,653$6,949,476$0$98,832,053