Can I retire at age 44 with 1,520,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$125,520$124,402$123,311$122,247$121,207$118,037
2 years$62,139$60,981$59,860$58,772$57,718$54,546
3 years$41,014$39,852$38,733$37,656$36,618$33,544
4 years$30,454$29,295$28,188$27,129$26,117$23,163
5 years$24,120$22,968$21,875$20,838$19,853$17,029
6 years$19,898$18,755$17,678$16,664$15,709$13,016
7 years$16,884$15,751$14,691$13,700$12,776$10,215
8 years$14,624$13,501$12,459$11,493$10,599$8,168
9 years$12,868$11,755$10,731$9,789$8,926$6,624
10 years$11,463$10,362$9,355$8,439$7,605$5,429
11 years$10,315$9,224$8,236$7,344$6,541$4,487
12 years$9,359$8,279$7,310$6,442$5,668$3,733
13 years$8,550$7,482$6,531$5,687$4,943$3,122
14 years$7,858$6,801$5,868$5,048$4,333$2,622
15 years$7,258$6,213$5,298$4,502$3,815$2,211
16 years$6,734$5,700$4,803$4,031$3,372$1,869
17 years$6,272$5,250$4,371$3,622$2,989$1,584
18 years$5,862$4,851$3,990$3,264$2,658$1,346
19 years$5,495$4,496$3,653$2,950$2,369$1,145
20 years$5,166$4,178$3,352$2,671$2,116$975
21 years$4,868$3,891$3,083$2,424$1,894$832
22 years$4,598$3,632$2,842$2,204$1,698$710
23 years$4,352$3,397$2,624$2,008$1,524$607
24 years$4,126$3,183$2,427$1,831$1,370$519
25 years$3,919$2,987$2,248$1,672$1,232$445
26 years$3,728$2,807$2,084$1,529$1,110$381
27 years$3,551$2,642$1,936$1,399$1,001$326
28 years$3,388$2,490$1,799$1,282$903$280
29 years$3,236$2,349$1,675$1,176$815$240
30 years$3,094$2,218$1,560$1,079$737$206
31 years$2,962$2,097$1,454$991$666$176
32 years$2,838$1,984$1,357$911$603$151
33 years$2,722$1,879$1,267$838$545$130
34 years$2,613$1,781$1,184$771$494$111
35 years$2,511$1,689$1,107$709$447$96
36 years$2,414$1,603$1,035$653$405$82
37 years$2,323$1,523$969$602$367$70
38 years$2,237$1,447$907$555$333$61
39 years$2,155$1,376$850$512$302$52
40 years$2,078$1,309$797$472$274$45
41 years$2,005$1,246$747$435$248$38
42 years$1,935$1,187$701$402$225$33
43 years$1,869$1,131$658$371$205$28
44 years$1,806$1,078$617$342$186$24
45 years$1,746$1,028$580$316$169$21
46 years$1,689$981$544$292$153$18
47 years$1,634$936$511$270$139$15
48 years$1,582$893$481$249$126$13
49 years$1,532$853$452$231$115$11
50 years$1,484$815$425$213$104$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,520,000, adding $5,851 every year, while hoping to spend $58,182 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: 76/8/16 Blend
43$1,520,000$1,520,000$1,520,000$1,520,000
44$1,681,075$1,600,515$1,576,955$1,802,491
45$1,790,640$1,617,035$1,567,878$1,900,036
46$1,909,430$1,632,415$1,556,547$1,999,111
47$2,038,325$1,646,537$1,542,824$2,106,154
48$2,178,293$1,659,275$1,526,568$2,221,941
49$2,330,397$1,670,498$1,507,626$2,347,326
50$2,495,808$1,680,064$1,485,842$2,483,254
51$2,675,814$1,687,820$1,461,052$2,630,762
52$2,871,832$1,693,608$1,433,082$2,790,995
53$3,085,421$1,697,257$1,401,752$2,965,216
54$3,318,297$1,698,586$1,366,874$3,154,815
55$3,572,349$1,697,402$1,328,249$3,361,326
56$3,849,654$1,693,500$1,285,671$3,586,438
57$4,152,502$1,686,665$1,238,925$3,832,013
58$4,483,411$1,676,665$1,187,782$4,100,106
59$4,845,155$1,663,257$1,132,009$4,392,978
60$5,240,786$1,646,182$1,071,356$4,713,126
61$5,673,666$1,625,165$1,005,567$5,063,299
62$6,147,497$1,599,916$934,371$5,446,528
63$6,666,355$1,570,125$857,485$5,866,155
64$7,234,729$1,535,467$774,617$6,325,864
65$7,857,562$1,495,595$685,457$6,829,714
66$8,540,297$1,450,144$589,684$7,382,182
67$9,288,932$1,398,725$486,963$7,988,202
68$10,110,069$1,340,929$376,942$8,653,213
69$11,010,983$1,276,321$259,256$9,383,209
70$11,999,685$1,204,442$133,523$10,184,800
71$13,085,001$1,124,808$0$11,065,270
72$14,276,651$1,036,903$0$12,032,762
73$15,585,344$940,187$0$13,120,349
74$17,022,878$834,084$0$14,315,042
75$18,602,246$717,989$0$15,627,675
76$20,337,765$591,260$0$17,070,184
77$22,245,207$453,222$0$18,655,720
78$24,341,947$303,159$0$20,398,775
79$26,647,128$140,316$0$22,315,318
80$29,181,840$0$0$24,422,946
81$31,969,320$0$0$26,744,225
82$35,035,166$0$0$29,310,965
83$38,407,585$0$0$32,134,435
84$42,117,655$0$0$35,240,663
85$46,199,615$0$0$38,658,324
86$50,691,192$0$0$42,419,015
87$55,633,956$0$0$46,557,548
88$61,073,708$0$0$51,112,284
89$67,060,916$0$0$56,125,487
90$73,651,185$0$0$61,643,730
91$80,905,789$0$0$67,718,326
92$88,892,241$0$0$74,405,820
93$97,684,934$0$0$81,768,515
94$107,365,841$0$0$89,875,064
95$118,025,287$0$0$98,801,116
96$129,762,803$0$0$108,630,026
97$142,688,062$0$0$119,453,648
98$156,921,915$0$0$131,373,195
99$172,597,531$0$0$144,500,198
100$189,861,652$0$0$158,957,553