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

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$125,520$124,402$123,311$122,247$121,207$117,468
2 years$62,139$60,981$59,860$58,772$57,718$53,984
3 years$41,014$39,852$38,733$37,656$36,618$33,006
4 years$30,454$29,295$28,188$27,129$26,117$22,654
5 years$24,120$22,968$21,875$20,838$19,853$16,550
6 years$19,898$18,755$17,678$16,664$15,709$12,567
7 years$16,884$15,751$14,691$13,700$12,776$9,795
8 years$14,624$13,501$12,459$11,493$10,599$7,778
9 years$12,868$11,755$10,731$9,789$8,926$6,261
10 years$11,463$10,362$9,355$8,439$7,605$5,093
11 years$10,315$9,224$8,236$7,344$6,541$4,177
12 years$9,359$8,279$7,310$6,442$5,668$3,448
13 years$8,550$7,482$6,531$5,687$4,943$2,860
14 years$7,858$6,801$5,868$5,048$4,333$2,383
15 years$7,258$6,213$5,298$4,502$3,815$1,992
16 years$6,734$5,700$4,803$4,031$3,372$1,670
17 years$6,272$5,250$4,371$3,622$2,989$1,403
18 years$5,862$4,851$3,990$3,264$2,658$1,181
19 years$5,495$4,496$3,653$2,950$2,369$996
20 years$5,166$4,178$3,352$2,671$2,116$841
21 years$4,868$3,891$3,083$2,424$1,894$710
22 years$4,598$3,632$2,842$2,204$1,698$601
23 years$4,352$3,397$2,624$2,008$1,524$509
24 years$4,126$3,183$2,427$1,831$1,370$431
25 years$3,919$2,987$2,248$1,672$1,232$365
26 years$3,728$2,807$2,084$1,529$1,110$310
27 years$3,551$2,642$1,936$1,399$1,001$263
28 years$3,388$2,490$1,799$1,282$903$223
29 years$3,236$2,349$1,675$1,176$815$189
30 years$3,094$2,218$1,560$1,079$737$161
31 years$2,962$2,097$1,454$991$666$137
32 years$2,838$1,984$1,357$911$603$116
33 years$2,722$1,879$1,267$838$545$99
34 years$2,613$1,781$1,184$771$494$84
35 years$2,511$1,689$1,107$709$447$71
36 years$2,414$1,603$1,035$653$405$61
37 years$2,323$1,523$969$602$367$51
38 years$2,237$1,447$907$555$333$44
39 years$2,155$1,376$850$512$302$37
40 years$2,078$1,309$797$472$274$32
41 years$2,005$1,246$747$435$248$27
42 years$1,935$1,187$701$402$225$23
43 years$1,869$1,131$658$371$205$19
44 years$1,806$1,078$617$342$186$17
45 years$1,746$1,028$580$316$169$14
46 years$1,689$981$544$292$153$12
47 years$1,634$936$511$270$139$10
48 years$1,582$893$481$249$126$9
49 years$1,532$853$452$231$115$7
50 years$1,484$815$425$213$104$6

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 $2,011 every year, while hoping to spend $43,075 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: 31/44/25 Blend
43$1,520,000$1,520,000$1,520,000$1,520,000
44$1,677,114$1,596,554$1,572,994$1,716,136
45$1,802,349$1,628,954$1,579,858$1,778,595
46$1,938,913$1,661,498$1,585,508$1,841,818
47$2,087,918$1,694,147$1,589,858$1,909,006
48$2,250,585$1,726,859$1,592,818$1,980,535
49$2,428,260$1,759,591$1,594,293$2,056,818
50$2,622,423$1,792,291$1,594,182$2,138,313
51$2,834,705$1,824,909$1,592,382$2,225,527
52$3,066,901$1,857,385$1,588,783$2,319,016
53$3,320,987$1,889,659$1,583,270$2,419,400
54$3,599,140$1,921,664$1,575,721$2,527,358
55$3,903,755$1,953,329$1,566,011$2,643,645
56$4,237,473$1,984,577$1,554,007$2,769,092
57$4,603,200$2,015,326$1,539,571$2,904,619
58$5,004,136$2,045,486$1,522,556$3,051,240
59$5,443,806$2,074,964$1,502,811$3,210,077
60$5,926,095$2,103,658$1,480,175$3,382,369
61$6,455,278$2,131,458$1,454,482$3,569,484
62$7,036,066$2,158,250$1,425,558$3,772,931
63$7,673,649$2,183,908$1,393,218$3,994,380
64$8,373,743$2,208,301$1,357,272$4,235,672
65$9,142,643$2,231,286$1,317,519$4,498,842
66$9,987,287$2,252,713$1,273,750$4,786,136
67$10,915,315$2,272,422$1,225,746$5,100,033
68$11,935,146$2,290,239$1,173,277$5,443,270
69$13,056,054$2,305,984$1,116,105$5,818,871
70$14,288,255$2,319,460$1,053,978$6,230,171
71$15,643,006$2,330,463$986,635$6,680,853
72$17,132,708$2,338,771$913,803$7,174,980
73$18,771,024$2,344,151$835,195$7,717,040
74$20,573,008$2,346,353$750,514$8,311,983
75$22,555,245$2,345,116$659,447$8,965,272
76$24,736,011$2,340,156$561,668$9,682,938
77$27,135,438$2,331,178$456,838$10,471,634
78$29,775,712$2,317,865$344,602$11,338,700
79$32,681,277$2,299,883$224,588$12,292,237
80$35,879,065$2,276,875$96,409$13,341,183
81$39,398,752$2,248,465$0$14,495,397
82$43,273,039$2,214,253$0$15,776,528
83$47,537,955$2,173,818$0$17,213,950
84$52,233,200$2,126,709$0$18,795,273
85$57,402,522$2,072,453$0$20,535,222
86$63,094,123$2,010,547$0$22,450,031
87$69,361,118$1,940,458$0$24,557,598
88$76,262,035$1,861,624$0$26,877,657
89$83,861,368$1,773,449$0$29,431,965
90$92,230,182$1,675,302$0$32,244,506
91$101,446,786$1,566,517$0$35,341,724
92$111,597,470$1,446,389$0$38,752,772
93$122,777,323$1,314,173$0$42,509,787
94$135,091,124$1,169,081$0$46,648,199
95$148,654,333$1,010,280$0$51,207,068
96$163,594,183$836,892$0$56,229,451
97$180,050,876$647,986$0$61,762,813
98$198,178,910$442,582$0$67,859,481
99$218,148,533$219,643$0$74,577,133
100$240,147,352$0$0$81,979,354