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 $5,976 every year, while hoping to spend $23,687 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: 73/15/12 Blend
43$1,520,000$1,520,000$1,520,000$1,520,000
44$1,681,204$1,600,644$1,577,084$1,799,384
45$1,827,484$1,653,873$1,604,714$1,931,555
46$1,987,891$1,708,916$1,632,475$2,072,768
47$2,163,840$1,765,837$1,660,347$2,226,795
48$2,356,892$1,824,703$1,688,309$2,394,900
49$2,568,763$1,885,582$1,716,336$2,578,472
50$2,801,347$1,948,545$1,744,402$2,779,042
51$3,056,727$2,013,667$1,772,483$2,998,294
52$3,337,199$2,081,023$1,800,547$3,238,084
53$3,645,294$2,150,693$1,828,565$3,500,455
54$3,983,796$2,222,759$1,856,505$3,787,659
55$4,355,776$2,297,308$1,884,331$4,102,174
56$4,764,616$2,374,426$1,912,007$4,446,729
57$5,214,041$2,454,207$1,939,493$4,824,331
58$5,708,155$2,536,745$1,966,748$5,238,293
59$6,251,481$2,622,140$1,993,728$5,692,261
60$6,849,000$2,710,493$2,020,386$6,190,255
61$7,506,202$2,801,911$2,046,673$6,736,702
62$8,229,135$2,896,505$2,072,537$7,336,476
63$9,024,462$2,994,389$2,097,922$7,994,950
64$9,899,525$3,095,682$2,122,770$8,718,043
65$10,862,413$3,200,507$2,147,020$9,512,272
66$11,922,040$3,308,992$2,170,605$10,384,821
67$13,088,226$3,421,271$2,193,458$11,343,603
68$14,371,792$3,537,480$2,215,506$12,397,336
69$15,784,661$3,657,763$2,236,673$13,555,624
70$17,339,973$3,782,270$2,256,877$14,829,049
71$19,052,202$3,911,153$2,276,034$16,229,273
72$20,937,300$4,044,573$2,294,055$17,769,141
73$23,012,845$4,182,697$2,310,846$19,462,807
74$25,298,203$4,325,697$2,326,307$21,325,867
75$27,814,716$4,473,753$2,340,335$23,375,505
76$30,585,900$4,627,050$2,352,819$25,630,654
77$33,637,669$4,785,782$2,363,646$28,112,178
78$36,998,577$4,950,151$2,372,693$30,843,063
79$40,700,088$5,120,364$2,379,835$33,848,638
80$44,776,874$5,296,639$2,384,936$37,156,815
81$49,267,142$5,479,201$2,387,858$40,798,346
82$54,212,992$5,668,284$2,388,453$44,807,119
83$59,660,818$5,864,131$2,386,567$49,220,474
84$65,661,742$6,066,994$2,382,038$54,079,558
85$72,272,100$6,277,137$2,374,697$59,429,710
86$79,553,969$6,494,832$2,364,364$65,320,891
87$87,575,758$6,720,362$2,350,854$71,808,154
88$96,412,848$6,954,023$2,333,971$78,952,163
89$106,148,309$7,196,121$2,313,509$86,819,767
90$116,873,680$7,446,974$2,289,255$95,484,629
91$128,689,833$7,706,913$2,260,983$105,027,922
92$141,707,927$7,976,283$2,228,457$115,539,093
93$156,050,457$8,255,442$2,191,431$127,116,711
94$171,852,407$8,544,762$2,149,647$139,869,392
95$189,262,526$8,844,630$2,102,835$153,916,827
96$208,444,735$9,155,448$2,050,711$169,390,911
97$229,579,669$9,477,635$1,992,980$186,436,987
98$252,866,383$9,811,627$1,929,333$205,215,219
99$278,524,234$10,157,877$1,859,446$225,902,102
100$306,794,949$10,516,855$1,782,980$248,692,126