Can I retire at age 44 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$127,998$126,857$125,745$124,659$123,599$122,564
2 years$63,365$62,185$61,041$59,932$58,857$57,813
3 years$41,824$40,639$39,498$38,399$37,341$36,322
4 years$31,055$29,874$28,744$27,664$26,632$25,645
5 years$24,596$23,421$22,307$21,249$20,245$19,293
6 years$20,291$19,125$18,027$16,993$16,019$15,103
7 years$17,217$16,061$14,981$13,971$13,028$12,148
8 years$14,913$13,768$12,705$11,720$10,808$9,965
9 years$13,122$11,987$10,943$9,983$9,102$8,295
10 years$11,690$10,566$9,540$8,605$7,755$6,984
11 years$10,519$9,406$8,399$7,489$6,670$5,934
12 years$9,543$8,443$7,454$6,569$5,780$5,079
13 years$8,719$7,630$6,659$5,799$5,040$4,373
14 years$8,013$6,935$5,984$5,148$4,418$3,784
15 years$7,402$6,335$5,402$4,591$3,890$3,288
16 years$6,867$5,813$4,898$4,111$3,438$2,867
17 years$6,396$5,353$4,457$3,694$3,048$2,507
18 years$5,978$4,947$4,069$3,329$2,711$2,198
19 years$5,604$4,584$3,725$3,008$2,416$1,932
20 years$5,268$4,260$3,418$2,724$2,158$1,701
21 years$4,964$3,968$3,144$2,472$1,931$1,500
22 years$4,689$3,704$2,898$2,248$1,731$1,325
23 years$4,437$3,464$2,676$2,047$1,554$1,172
24 years$4,207$3,246$2,475$1,867$1,397$1,037
25 years$3,996$3,046$2,292$1,705$1,257$919
26 years$3,801$2,863$2,126$1,559$1,132$815
27 years$3,621$2,694$1,974$1,427$1,021$724
28 years$3,455$2,539$1,835$1,308$921$643
29 years$3,300$2,395$1,708$1,199$832$571
30 years$3,155$2,262$1,591$1,100$751$508
31 years$3,020$2,138$1,483$1,011$679$452
32 years$2,894$2,023$1,383$929$615$402
33 years$2,776$1,916$1,292$854$556$358
34 years$2,665$1,816$1,207$786$504$319
35 years$2,560$1,722$1,128$723$456$284
36 years$2,462$1,635$1,056$666$413$253
37 years$2,369$1,553$988$614$374$225
38 years$2,281$1,476$925$566$340$201
39 years$2,198$1,403$867$522$308$179
40 years$2,119$1,335$813$481$279$160
41 years$2,044$1,271$762$444$253$142
42 years$1,973$1,210$715$410$230$127
43 years$1,906$1,153$671$378$209$113
44 years$1,842$1,099$629$349$189$101
45 years$1,780$1,048$591$323$172$90
46 years$1,722$1,000$555$298$156$81
47 years$1,666$954$522$275$142$72
48 years$1,613$911$490$254$129$64
49 years$1,562$870$461$235$117$57
50 years$1,513$831$433$217$106$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,550,000, adding $3,218 every year, while hoping to spend $44,369 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: 42/34/24 Blend
43$1,550,000$1,550,000$1,550,000$1,550,000
44$1,711,419$1,629,269$1,605,244$1,771,149
45$1,838,776$1,661,895$1,611,812$1,846,773
46$1,977,636$1,694,633$1,617,112$1,924,134
47$2,129,125$1,727,441$1,621,056$2,007,033
48$2,294,485$1,760,274$1,623,550$2,096,003
49$2,475,079$1,793,084$1,624,495$2,191,636
50$2,672,410$1,825,818$1,623,789$2,294,582
51$2,888,132$1,858,419$1,621,323$2,405,560
52$3,124,067$1,890,827$1,616,982$2,525,363
53$3,382,219$1,922,975$1,610,649$2,654,866
54$3,664,797$1,954,793$1,602,197$2,795,035
55$3,974,233$1,986,204$1,591,497$2,946,936
56$4,313,203$2,017,126$1,578,410$3,111,745
57$4,684,656$2,047,472$1,562,794$3,290,759
58$5,091,840$2,077,147$1,544,496$3,485,411
59$5,538,331$2,106,051$1,523,360$3,697,282
60$6,028,069$2,134,075$1,499,221$3,928,114
61$6,565,392$2,161,105$1,471,905$4,179,834
62$7,155,079$2,187,017$1,441,231$4,454,563
63$7,802,395$2,211,678$1,407,010$4,754,645
64$8,513,139$2,234,950$1,369,044$5,082,664
65$9,293,697$2,256,681$1,327,126$5,441,472
66$10,151,108$2,276,712$1,281,038$5,834,215
67$11,093,122$2,294,872$1,230,554$6,264,364
68$12,128,280$2,310,980$1,175,437$6,735,749
69$13,265,989$2,324,842$1,115,438$7,252,594
70$14,516,613$2,336,253$1,050,300$7,819,557
71$15,891,573$2,344,995$979,750$8,441,780
72$17,403,448$2,350,834$903,506$9,124,932
73$19,066,099$2,353,524$821,272$9,875,268
74$20,894,796$2,352,802$732,740$10,699,684
75$22,906,365$2,348,389$637,587$11,605,790
76$25,119,343$2,339,989$535,475$12,601,976
77$27,554,156$2,327,289$426,053$13,697,497
78$30,233,308$2,309,954$308,954$14,902,558
79$33,181,595$2,287,631$183,794$16,228,417
80$36,426,339$2,259,946$50,172$17,687,485
81$39,997,644$2,226,502$0$19,293,451
82$43,928,680$2,186,877$0$21,085,077
83$48,255,998$2,140,626$0$23,070,591
84$53,019,869$2,087,276$0$25,255,601
85$58,264,670$2,026,327$0$27,660,467
86$64,039,299$1,957,250$0$30,307,632
87$70,397,637$1,879,485$0$33,221,832
88$77,399,055$1,792,439$0$36,430,335
89$85,108,975$1,695,484$0$39,963,196
90$93,599,486$1,587,958$0$43,853,543
91$102,950,025$1,469,159$0$48,137,892
92$113,248,125$1,338,346$0$52,856,491
93$124,590,244$1,194,735$0$58,053,704
94$137,082,669$1,037,497$0$63,778,428
95$150,842,525$865,758$0$70,084,560
96$165,998,874$678,592$0$77,031,505
97$182,693,940$475,023$0$84,684,739
98$201,084,442$254,020$0$93,116,429
99$221,343,080$14,492$0$102,406,119
100$243,660,163$0$0$112,641,478