Can I retire at age 44 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$127,172$126,039$124,934$123,855$122,802$121,217
2 years$62,956$61,784$60,647$59,546$58,477$56,883
3 years$41,554$40,376$39,243$38,152$37,100$35,546
4 years$30,855$29,681$28,559$27,486$26,460$24,958
5 years$24,437$23,270$22,163$21,112$20,115$18,668
6 years$20,160$19,002$17,911$16,883$15,916$14,528
7 years$17,106$15,958$14,884$13,881$12,944$11,614
8 years$14,817$13,679$12,623$11,644$10,738$9,467
9 years$13,037$11,910$10,872$9,918$9,043$7,830
10 years$11,614$10,498$9,478$8,550$7,705$6,549
11 years$10,451$9,346$8,345$7,441$6,627$5,526
12 years$9,482$8,388$7,406$6,527$5,743$4,697
13 years$8,663$7,580$6,617$5,762$5,008$4,015
14 years$7,961$6,890$5,945$5,115$4,390$3,449
15 years$7,354$6,295$5,368$4,562$3,865$2,975
16 years$6,823$5,775$4,866$4,084$3,416$2,574
17 years$6,355$5,319$4,428$3,670$3,029$2,234
18 years$5,939$4,915$4,042$3,307$2,693$1,944
19 years$5,568$4,555$3,701$2,988$2,400$1,695
20 years$5,234$4,233$3,396$2,707$2,144$1,480
21 years$4,932$3,943$3,124$2,456$1,919$1,295
22 years$4,658$3,680$2,879$2,233$1,720$1,134
23 years$4,409$3,442$2,658$2,034$1,544$994
24 years$4,180$3,225$2,459$1,855$1,388$873
25 years$3,970$3,026$2,277$1,694$1,249$767
26 years$3,777$2,844$2,112$1,549$1,125$674
27 years$3,598$2,677$1,961$1,418$1,014$593
28 years$3,432$2,522$1,823$1,299$915$522
29 years$3,278$2,380$1,697$1,191$826$460
30 years$3,135$2,247$1,580$1,093$747$405
31 years$3,001$2,124$1,473$1,004$675$357
32 years$2,875$2,010$1,375$923$611$315
33 years$2,758$1,904$1,283$849$553$278
34 years$2,648$1,804$1,199$781$500$245
35 years$2,544$1,711$1,121$719$453$217
36 years$2,446$1,624$1,049$662$411$191
37 years$2,354$1,543$982$610$372$169
38 years$2,266$1,466$919$562$337$149
39 years$2,184$1,394$861$518$306$132
40 years$2,105$1,326$807$478$277$116
41 years$2,031$1,263$757$441$252$103
42 years$1,961$1,202$710$407$228$91
43 years$1,894$1,146$666$376$207$80
44 years$1,830$1,092$625$347$188$71
45 years$1,769$1,041$587$320$171$63
46 years$1,711$993$552$296$155$55
47 years$1,656$948$518$273$141$49
48 years$1,603$905$487$253$128$43
49 years$1,552$864$458$234$116$38
50 years$1,504$826$430$216$106$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,540,000, adding $6,108 every year, while hoping to spend $59,803 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: 63/29/8 Blend
43$1,540,000$1,540,000$1,540,000$1,540,000
44$1,703,380$1,621,760$1,597,890$1,807,547
45$1,813,495$1,637,597$1,587,790$1,893,653
46$1,932,838$1,652,205$1,575,346$1,980,085
47$2,062,285$1,665,461$1,560,419$2,072,921
48$2,202,804$1,677,234$1,542,859$2,172,781
49$2,355,456$1,687,385$1,522,510$2,280,345
50$2,521,409$1,695,763$1,499,211$2,396,366
51$2,701,949$1,702,212$1,472,791$2,521,675
52$2,898,490$1,706,562$1,443,071$2,657,187
53$3,112,587$1,708,635$1,409,866$2,803,914
54$3,345,954$1,708,241$1,372,979$2,962,970
55$3,600,475$1,705,178$1,332,207$3,135,586
56$3,878,223$1,699,232$1,287,336$3,323,118
57$4,181,483$1,690,175$1,238,143$3,527,066
58$4,512,766$1,677,766$1,184,393$3,749,080
59$4,874,842$1,661,750$1,125,843$3,990,984
60$5,270,754$1,641,855$1,062,238$4,254,791
61$5,703,859$1,617,793$993,310$4,542,718
62$6,177,847$1,589,260$918,781$4,857,214
63$6,696,787$1,555,933$838,360$5,200,981
64$7,265,156$1,517,470$751,741$5,576,999
65$7,887,885$1,473,509$658,608$5,988,554
66$8,570,406$1,423,668$558,627$6,439,275
67$9,318,699$1,367,539$451,453$6,933,161
68$10,139,353$1,304,695$336,724$7,474,626
69$11,039,623$1,234,681$214,060$8,068,539
70$12,027,501$1,157,018$83,068$8,720,269
71$13,111,791$1,071,196$0$9,435,741
72$14,302,189$976,680$0$10,226,329
73$15,609,377$872,902$0$11,102,280
74$17,045,122$759,263$0$12,064,482
75$18,622,386$635,128$0$13,121,743
76$20,355,448$499,829$0$14,283,772
77$22,260,041$352,657$0$15,561,275
78$24,353,495$192,867$0$16,966,058
79$26,654,903$19,669$0$18,511,137
80$29,185,302$0$0$20,210,862
81$31,967,866$0$0$22,134,594
82$35,028,131$0$0$24,257,342
83$38,394,228$0$0$26,592,358
84$42,097,153$0$0$29,161,160
85$46,171,059$0$0$31,987,455
86$50,653,573$0$0$35,097,367
87$55,586,155$0$0$38,519,675
88$61,014,486$0$0$42,286,094
89$66,988,902$0$0$46,431,567
90$73,564,862$0$0$50,994,594
91$80,803,478$0$0$56,017,601
92$88,772,085$0$0$61,547,334
93$97,544,879$0$0$67,635,302
94$107,203,617$0$0$74,338,262
95$117,838,385$0$0$81,718,755
96$129,548,449$0$0$89,845,694
97$142,443,192$0$0$98,795,018
98$156,643,143$0$0$108,650,403
99$172,281,119$0$0$119,504,052
100$189,503,469$0$0$131,457,571