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%11%
1 years$125,520$124,402$123,311$122,247$121,207$120,696
2 years$62,139$60,981$59,860$58,772$57,718$57,202
3 years$41,014$39,852$38,733$37,656$36,618$36,114
4 years$30,454$29,295$28,188$27,129$26,117$25,627
5 years$24,120$22,968$21,875$20,838$19,853$19,380
6 years$19,898$18,755$17,678$16,664$15,709$15,253
7 years$16,884$15,751$14,691$13,700$12,776$12,337
8 years$14,624$13,501$12,459$11,493$10,599$10,177
9 years$12,868$11,755$10,731$9,789$8,926$8,521
10 years$11,463$10,362$9,355$8,439$7,605$7,218
11 years$10,315$9,224$8,236$7,344$6,541$6,170
12 years$9,359$8,279$7,310$6,442$5,668$5,314
13 years$8,550$7,482$6,531$5,687$4,943$4,605
14 years$7,858$6,801$5,868$5,048$4,333$4,011
15 years$7,258$6,213$5,298$4,502$3,815$3,508
16 years$6,734$5,700$4,803$4,031$3,372$3,080
17 years$6,272$5,250$4,371$3,622$2,989$2,712
18 years$5,862$4,851$3,990$3,264$2,658$2,395
19 years$5,495$4,496$3,653$2,950$2,369$2,120
20 years$5,166$4,178$3,352$2,671$2,116$1,880
21 years$4,868$3,891$3,083$2,424$1,894$1,670
22 years$4,598$3,632$2,842$2,204$1,698$1,486
23 years$4,352$3,397$2,624$2,008$1,524$1,324
24 years$4,126$3,183$2,427$1,831$1,370$1,181
25 years$3,919$2,987$2,248$1,672$1,232$1,055
26 years$3,728$2,807$2,084$1,529$1,110$943
27 years$3,551$2,642$1,936$1,399$1,001$844
28 years$3,388$2,490$1,799$1,282$903$755
29 years$3,236$2,349$1,675$1,176$815$677
30 years$3,094$2,218$1,560$1,079$737$606
31 years$2,962$2,097$1,454$991$666$544
32 years$2,838$1,984$1,357$911$603$488
33 years$2,722$1,879$1,267$838$545$438
34 years$2,613$1,781$1,184$771$494$393
35 years$2,511$1,689$1,107$709$447$353
36 years$2,414$1,603$1,035$653$405$317
37 years$2,323$1,523$969$602$367$285
38 years$2,237$1,447$907$555$333$257
39 years$2,155$1,376$850$512$302$231
40 years$2,078$1,309$797$472$274$207
41 years$2,005$1,246$747$435$248$187
42 years$1,935$1,187$701$402$225$168
43 years$1,869$1,131$658$371$205$151
44 years$1,806$1,078$617$342$186$136
45 years$1,746$1,028$580$316$169$122
46 years$1,689$981$544$292$153$110
47 years$1,634$936$511$270$139$99
48 years$1,582$893$481$249$126$89
49 years$1,532$853$452$231$115$80
50 years$1,484$815$425$213$104$72

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 $2,296 every year, while hoping to spend $40,662 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: 24/48/28 Blend
43$1,520,000$1,520,000$1,520,000$1,520,000
44$1,677,408$1,596,848$1,573,288$1,702,828
45$1,805,240$1,631,830$1,582,729$1,759,602
46$1,944,748$1,667,163$1,591,124$1,816,797
47$2,097,079$1,702,821$1,598,394$1,877,225
48$2,263,499$1,738,777$1,604,458$1,941,181
49$2,445,397$1,774,998$1,609,229$2,008,995
50$2,644,306$1,811,452$1,612,617$2,081,026
51$2,861,913$1,848,101$1,614,527$2,157,676
52$3,100,074$1,884,903$1,614,859$2,239,387
53$3,360,834$1,921,816$1,613,510$2,326,645
54$3,646,445$1,958,791$1,610,368$2,419,993
55$3,959,387$1,995,776$1,605,320$2,520,025
56$4,302,391$2,032,716$1,598,244$2,627,401
57$4,678,464$2,069,548$1,589,014$2,742,850
58$5,090,919$2,106,208$1,577,498$2,867,176
59$5,543,405$2,142,624$1,563,557$3,001,268
60$6,039,941$2,178,721$1,547,044$3,146,110
61$6,584,953$2,214,417$1,527,809$3,302,786
62$7,183,318$2,249,623$1,505,690$3,472,497
63$7,840,408$2,284,246$1,480,522$3,656,566
64$8,562,139$2,318,183$1,452,129$3,856,458
65$9,355,030$2,351,327$1,420,328$4,073,789
66$10,226,261$2,383,560$1,384,927$4,310,344
67$11,183,744$2,414,759$1,345,727$4,568,094
68$12,236,195$2,444,791$1,302,517$4,849,219
69$13,393,214$2,473,513$1,255,079$5,156,121
70$14,665,380$2,500,773$1,203,182$5,491,456
71$16,064,348$2,526,410$1,146,588$5,858,157
72$17,602,958$2,550,251$1,085,046$6,259,459
73$19,295,358$2,572,112$1,018,293$6,698,936
74$21,157,136$2,591,796$946,057$7,180,533
75$23,205,464$2,609,095$868,050$7,708,603
76$25,459,267$2,623,786$783,975$8,287,955
77$27,939,392$2,635,632$693,519$8,923,892
78$30,668,815$2,644,382$596,356$9,622,269
79$33,672,845$2,649,768$492,145$10,389,548
80$36,979,375$2,651,506$380,532$11,232,860
81$40,619,136$2,649,295$261,144$12,160,074
82$44,625,990$2,642,812$133,594$13,179,871
83$49,037,250$2,631,719$0$14,301,832
84$53,894,029$2,615,653$0$15,537,282
85$59,241,632$2,594,233$0$16,939,771
86$65,129,979$2,567,050$0$18,482,340
87$71,614,076$2,533,675$0$20,179,322
88$78,754,538$2,493,651$0$22,046,515
89$86,618,156$2,446,495$0$24,101,341
90$95,278,528$2,391,693$0$26,363,005
91$104,816,756$2,328,704$0$28,852,682
92$115,322,207$2,256,953$0$31,593,719
93$126,893,359$2,175,831$0$34,611,853
94$139,638,731$2,084,695$0$37,935,459
95$153,677,900$1,982,864$0$41,595,820
96$169,142,640$1,869,619$0$45,627,422
97$186,178,156$1,744,196$0$50,068,285
98$204,944,458$1,605,792$0$54,960,320
99$225,617,870$1,453,553$0$60,349,733
100$248,392,696$1,286,581$0$66,287,458