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%12.9%
1 years$127,172$126,039$124,934$123,855$122,802$121,318
2 years$62,956$61,784$60,647$59,546$58,477$56,983
3 years$41,554$40,376$39,243$38,152$37,100$35,643
4 years$30,855$29,681$28,559$27,486$26,460$25,052
5 years$24,437$23,270$22,163$21,112$20,115$18,758
6 years$20,160$19,002$17,911$16,883$15,916$14,614
7 years$17,106$15,958$14,884$13,881$12,944$11,696
8 years$14,817$13,679$12,623$11,644$10,738$9,545
9 years$13,037$11,910$10,872$9,918$9,043$7,903
10 years$11,614$10,498$9,478$8,550$7,705$6,618
11 years$10,451$9,346$8,345$7,441$6,627$5,592
12 years$9,482$8,388$7,406$6,527$5,743$4,759
13 years$8,663$7,580$6,617$5,762$5,008$4,073
14 years$7,961$6,890$5,945$5,115$4,390$3,504
15 years$7,354$6,295$5,368$4,562$3,865$3,026
16 years$6,823$5,775$4,866$4,084$3,416$2,622
17 years$6,355$5,319$4,428$3,670$3,029$2,279
18 years$5,939$4,915$4,042$3,307$2,693$1,986
19 years$5,568$4,555$3,701$2,988$2,400$1,734
20 years$5,234$4,233$3,396$2,707$2,144$1,516
21 years$4,932$3,943$3,124$2,456$1,919$1,328
22 years$4,658$3,680$2,879$2,233$1,720$1,165
23 years$4,409$3,442$2,658$2,034$1,544$1,023
24 years$4,180$3,225$2,459$1,855$1,388$900
25 years$3,970$3,026$2,277$1,694$1,249$792
26 years$3,777$2,844$2,112$1,549$1,125$697
27 years$3,598$2,677$1,961$1,418$1,014$614
28 years$3,432$2,522$1,823$1,299$915$542
29 years$3,278$2,380$1,697$1,191$826$478
30 years$3,135$2,247$1,580$1,093$747$422
31 years$3,001$2,124$1,473$1,004$675$373
32 years$2,875$2,010$1,375$923$611$329
33 years$2,758$1,904$1,283$849$553$291
34 years$2,648$1,804$1,199$781$500$257
35 years$2,544$1,711$1,121$719$453$227
36 years$2,446$1,624$1,049$662$411$201
37 years$2,354$1,543$982$610$372$178
38 years$2,266$1,466$919$562$337$157
39 years$2,184$1,394$861$518$306$139
40 years$2,105$1,326$807$478$277$123
41 years$2,031$1,263$757$441$252$109
42 years$1,961$1,202$710$407$228$96
43 years$1,894$1,146$666$376$207$85
44 years$1,830$1,092$625$347$188$76
45 years$1,769$1,041$587$320$171$67
46 years$1,711$993$552$296$155$59
47 years$1,656$948$518$273$141$52
48 years$1,603$905$487$253$128$46
49 years$1,552$864$458$234$116$41
50 years$1,504$826$430$216$106$36

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 $2,311 every year, while hoping to spend $23,820 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: 30/45/25 Blend
43$1,540,000$1,540,000$1,540,000$1,540,000
44$1,699,464$1,617,844$1,593,974$1,737,243
45$1,847,465$1,671,774$1,622,028$1,820,571
46$2,009,764$1,727,548$1,650,223$1,907,889
47$2,187,793$1,785,232$1,678,539$2,001,341
48$2,383,133$1,844,893$1,706,955$2,101,477
49$2,597,520$1,906,601$1,735,446$2,208,898
50$2,832,872$1,970,429$1,763,988$2,324,265
51$3,091,297$2,036,452$1,792,554$2,448,304
52$3,375,120$2,104,748$1,821,115$2,581,813
53$3,686,901$2,175,400$1,849,641$2,725,670
54$4,029,460$2,248,490$1,878,099$2,880,838
55$4,405,905$2,324,106$1,906,456$3,048,376
56$4,819,659$2,402,339$1,934,673$3,229,450
57$5,274,493$2,483,282$1,962,713$3,425,341
58$5,774,561$2,567,033$1,990,535$3,637,457
59$6,324,442$2,653,693$2,018,093$3,867,349
60$6,929,178$2,743,367$2,045,342$4,116,721
61$7,594,326$2,836,163$2,072,233$4,387,449
62$8,326,008$2,932,196$2,098,713$4,681,597
63$9,130,969$3,031,581$2,124,728$5,001,436
64$10,016,640$3,134,442$2,150,219$5,349,465
65$10,991,211$3,240,903$2,175,125$5,728,436
66$12,063,703$3,351,096$2,199,380$6,141,377
67$13,244,059$3,465,158$2,222,918$6,591,620
68$14,543,231$3,583,229$2,245,664$7,082,835
69$15,973,290$3,705,456$2,267,542$7,619,062
70$17,547,534$3,831,992$2,288,474$8,204,749
71$19,280,618$3,962,994$2,308,373$8,844,794
72$21,188,688$4,098,628$2,327,150$9,544,588
73$23,289,536$4,239,063$2,344,712$10,310,071
74$25,602,769$4,384,477$2,360,960$11,147,783
75$28,149,989$4,535,054$2,375,790$12,064,925
76$30,955,001$4,690,985$2,389,092$13,069,430
77$34,044,037$4,852,469$2,400,752$14,170,033
78$37,446,000$5,019,711$2,410,648$15,376,358
79$41,192,742$5,192,927$2,418,655$16,699,001
80$45,319,359$5,372,339$2,424,638$18,149,638
81$49,864,528$5,558,178$2,428,458$19,741,127
82$54,870,866$5,750,684$2,429,967$21,487,634
83$60,385,336$5,950,109$2,429,012$23,404,763
84$66,459,687$6,156,711$2,425,431$25,509,703
85$73,150,945$6,370,761$2,419,053$27,821,391
86$80,521,952$6,592,538$2,409,702$30,360,688
87$88,641,954$6,822,336$2,397,190$33,150,577
88$97,587,260$7,060,456$2,381,322$36,216,379
89$107,441,957$7,307,215$2,361,893$39,585,990
90$118,298,708$7,562,940$2,338,688$43,290,142
91$130,259,625$7,827,973$2,311,482$47,362,697
92$143,437,230$8,102,667$2,280,041$51,840,962
93$157,955,521$8,387,392$2,244,116$56,766,040
94$173,951,141$8,682,530$2,203,450$62,183,221
95$191,574,664$8,988,481$2,157,773$68,142,403
96$210,992,023$9,305,660$2,106,801$74,698,566
97$232,386,070$9,634,498$2,050,240$81,912,289
98$255,958,305$9,975,444$1,987,778$89,850,319
99$281,930,777$10,328,965$1,919,093$98,586,204
100$310,548,180$10,695,548$1,843,847$108,200,981