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%15.4%
1 years$127,172$126,039$124,934$123,855$122,802$120,077
2 years$62,956$61,784$60,647$59,546$58,477$55,746
3 years$41,554$40,376$39,243$38,152$37,100$34,448
4 years$30,855$29,681$28,559$27,486$26,460$23,908
5 years$24,437$23,270$22,163$21,112$20,115$17,669
6 years$20,160$19,002$17,911$16,883$15,916$13,579
7 years$17,106$15,958$14,884$13,881$12,944$10,717
8 years$14,817$13,679$12,623$11,644$10,738$8,620
9 years$13,037$11,910$10,872$9,918$9,043$7,032
10 years$11,614$10,498$9,478$8,550$7,705$5,800
11 years$10,451$9,346$8,345$7,441$6,627$4,824
12 years$9,482$8,388$7,406$6,527$5,743$4,039
13 years$8,663$7,580$6,617$5,762$5,008$3,401
14 years$7,961$6,890$5,945$5,115$4,390$2,877
15 years$7,354$6,295$5,368$4,562$3,865$2,442
16 years$6,823$5,775$4,866$4,084$3,416$2,080
17 years$6,355$5,319$4,428$3,670$3,029$1,775
18 years$5,939$4,915$4,042$3,307$2,693$1,519
19 years$5,568$4,555$3,701$2,988$2,400$1,302
20 years$5,234$4,233$3,396$2,707$2,144$1,118
21 years$4,932$3,943$3,124$2,456$1,919$961
22 years$4,658$3,680$2,879$2,233$1,720$827
23 years$4,409$3,442$2,658$2,034$1,544$712
24 years$4,180$3,225$2,459$1,855$1,388$614
25 years$3,970$3,026$2,277$1,694$1,249$530
26 years$3,777$2,844$2,112$1,549$1,125$457
27 years$3,598$2,677$1,961$1,418$1,014$395
28 years$3,432$2,522$1,823$1,299$915$341
29 years$3,278$2,380$1,697$1,191$826$295
30 years$3,135$2,247$1,580$1,093$747$255
31 years$3,001$2,124$1,473$1,004$675$221
32 years$2,875$2,010$1,375$923$611$191
33 years$2,758$1,904$1,283$849$553$165
34 years$2,648$1,804$1,199$781$500$143
35 years$2,544$1,711$1,121$719$453$124
36 years$2,446$1,624$1,049$662$411$107
37 years$2,354$1,543$982$610$372$93
38 years$2,266$1,466$919$562$337$80
39 years$2,184$1,394$861$518$306$70
40 years$2,105$1,326$807$478$277$60
41 years$2,031$1,263$757$441$252$52
42 years$1,961$1,202$710$407$228$45
43 years$1,894$1,146$666$376$207$39
44 years$1,830$1,092$625$347$188$34
45 years$1,769$1,041$587$320$171$29
46 years$1,711$993$552$296$155$25
47 years$1,656$948$518$273$141$22
48 years$1,603$905$487$253$128$19
49 years$1,552$864$458$234$116$17
50 years$1,504$826$430$216$106$14

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 $2,643 every year, while hoping to spend $40,347 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: 78/12/10 Blend
43$1,540,000$1,540,000$1,540,000$1,540,000
44$1,699,806$1,618,186$1,594,316$1,829,313
45$1,830,258$1,654,548$1,604,797$1,951,158
46$1,972,663$1,691,340$1,614,276$2,079,295
47$2,128,198$1,728,540$1,622,679$2,218,662
48$2,298,160$1,766,124$1,629,924$2,370,362
49$2,483,973$1,804,065$1,635,927$2,535,608
50$2,687,209$1,842,334$1,640,601$2,715,737
51$2,909,595$1,880,900$1,643,852$2,912,222
52$3,153,036$1,919,726$1,645,584$3,126,686
53$3,419,628$1,958,775$1,645,693$3,360,913
54$3,711,679$1,998,004$1,644,073$3,616,873
55$4,031,732$2,037,367$1,640,610$3,896,734
56$4,382,586$2,076,816$1,635,188$4,202,883
57$4,767,325$2,116,295$1,627,683$4,537,952
58$5,189,345$2,155,747$1,617,963$4,904,840
59$5,652,388$2,195,108$1,605,895$5,306,741
60$6,160,574$2,234,311$1,591,335$5,747,172
61$6,718,442$2,273,281$1,574,133$6,230,012
62$7,330,990$2,311,940$1,554,134$6,759,531
63$8,003,728$2,350,201$1,531,175$7,340,436
64$8,742,722$2,387,975$1,505,083$7,977,914
65$9,554,656$2,425,161$1,475,679$8,677,678
66$10,446,892$2,461,656$1,442,775$9,446,025
67$11,427,542$2,497,344$1,406,176$10,289,894
68$12,505,544$2,532,107$1,365,675$11,216,928
69$13,690,742$2,565,813$1,321,058$12,235,554
70$14,993,984$2,598,324$1,272,100$13,355,054
71$16,427,220$2,629,491$1,218,565$14,585,658
72$18,003,618$2,659,158$1,160,208$15,938,638
73$19,737,684$2,687,153$1,096,772$17,426,418
74$21,645,402$2,713,298$1,027,988$19,062,684
75$23,744,384$2,737,400$953,576$20,862,523
76$26,054,033$2,759,255$873,243$22,842,558
77$28,595,729$2,778,643$786,681$25,021,107
78$31,393,030$2,795,333$693,572$27,418,357
79$34,471,893$2,809,078$593,580$30,056,555
80$37,860,918$2,819,615$486,357$32,960,215
81$41,591,620$2,826,664$371,538$36,156,353
82$45,698,723$2,829,929$248,743$39,674,741
83$50,220,491$2,829,094$117,574$43,548,189
84$55,199,084$2,823,823$0$47,812,851
85$60,680,962$2,813,761$0$52,510,963
86$66,717,315$2,798,531$0$57,697,585
87$73,364,554$2,777,731$0$63,408,598
88$80,684,837$2,750,938$0$69,697,374
89$88,746,656$2,717,700$0$76,622,733
90$97,625,489$2,677,541$0$84,249,490
91$107,404,502$2,629,954$0$92,649,069
92$118,175,343$2,574,404$0$101,900,179
93$130,039,001$2,510,322$0$112,089,553
94$143,106,760$2,437,109$0$123,312,773
95$157,501,249$2,354,127$0$135,675,164
96$173,357,600$2,260,703$0$149,292,796
97$190,824,723$2,156,125$0$164,293,576
98$210,066,708$2,039,639$0$180,818,455
99$231,264,379$1,910,448$0$199,022,761
100$254,616,995$1,767,709$0$219,077,662