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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$127,998$126,857$125,745$124,659$123,599$120,221
2 years$63,365$62,185$61,041$59,932$58,857$55,478
3 years$41,824$40,639$39,498$38,399$37,341$34,068
4 years$31,055$29,874$28,744$27,664$26,632$23,489
5 years$24,596$23,421$22,307$21,249$20,245$17,241
6 years$20,291$19,125$18,027$16,993$16,019$13,157
7 years$17,217$16,061$14,981$13,971$13,028$10,308
8 years$14,913$13,768$12,705$11,720$10,808$8,228
9 years$13,122$11,987$10,943$9,983$9,102$6,660
10 years$11,690$10,566$9,540$8,605$7,755$5,448
11 years$10,519$9,406$8,399$7,489$6,670$4,494
12 years$9,543$8,443$7,454$6,569$5,780$3,731
13 years$8,719$7,630$6,659$5,799$5,040$3,115
14 years$8,013$6,935$5,984$5,148$4,418$2,611
15 years$7,402$6,335$5,402$4,591$3,890$2,196
16 years$6,867$5,813$4,898$4,111$3,438$1,853
17 years$6,396$5,353$4,457$3,694$3,048$1,567
18 years$5,978$4,947$4,069$3,329$2,711$1,328
19 years$5,604$4,584$3,725$3,008$2,416$1,127
20 years$5,268$4,260$3,418$2,724$2,158$958
21 years$4,964$3,968$3,144$2,472$1,931$816
22 years$4,689$3,704$2,898$2,248$1,731$695
23 years$4,437$3,464$2,676$2,047$1,554$593
24 years$4,207$3,246$2,475$1,867$1,397$506
25 years$3,996$3,046$2,292$1,705$1,257$432
26 years$3,801$2,863$2,126$1,559$1,132$369
27 years$3,621$2,694$1,974$1,427$1,021$315
28 years$3,455$2,539$1,835$1,308$921$269
29 years$3,300$2,395$1,708$1,199$832$230
30 years$3,155$2,262$1,591$1,100$751$197
31 years$3,020$2,138$1,483$1,011$679$169
32 years$2,894$2,023$1,383$929$615$144
33 years$2,776$1,916$1,292$854$556$124
34 years$2,665$1,816$1,207$786$504$106
35 years$2,560$1,722$1,128$723$456$91
36 years$2,462$1,635$1,056$666$413$78
37 years$2,369$1,553$988$614$374$66
38 years$2,281$1,476$925$566$340$57
39 years$2,198$1,403$867$522$308$49
40 years$2,119$1,335$813$481$279$42
41 years$2,044$1,271$762$444$253$36
42 years$1,973$1,210$715$410$230$31
43 years$1,906$1,153$671$378$209$26
44 years$1,842$1,099$629$349$189$22
45 years$1,780$1,048$591$323$172$19
46 years$1,722$1,000$555$298$156$17
47 years$1,666$954$522$275$142$14
48 years$1,613$911$490$254$129$12
49 years$1,562$870$461$235$117$10
50 years$1,513$831$433$217$106$9

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 $3,809 every year, while hoping to spend $43,201 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: 35/49/16 Blend
43$1,550,000$1,550,000$1,550,000$1,550,000
44$1,712,029$1,629,879$1,605,854$1,763,392
45$1,840,690$1,663,778$1,613,685$1,834,982
46$1,981,027$1,697,889$1,620,330$1,907,837
47$2,134,185$1,732,179$1,625,704$1,985,521
48$2,301,425$1,766,608$1,629,717$2,068,486
49$2,484,133$1,801,135$1,632,276$2,157,231
50$2,683,839$1,835,715$1,633,282$2,252,305
51$2,902,224$1,870,298$1,632,630$2,354,314
52$3,141,140$1,904,832$1,630,212$2,463,929
53$3,402,627$1,939,260$1,625,915$2,581,887
54$3,688,930$1,973,518$1,619,618$2,709,002
55$4,002,521$2,007,541$1,611,196$2,846,174
56$4,346,125$2,041,257$1,600,517$2,994,395
57$4,722,739$2,074,588$1,587,444$3,154,759
58$5,135,667$2,107,452$1,571,832$3,328,473
59$5,588,547$2,139,759$1,553,530$3,516,869
60$6,085,386$2,171,414$1,532,380$3,721,419
61$6,630,596$2,202,314$1,508,216$3,943,744
62$7,229,040$2,232,351$1,480,865$4,185,635
63$7,886,072$2,261,406$1,450,144$4,449,066
64$8,607,591$2,289,354$1,415,863$4,736,218
65$9,400,095$2,316,062$1,377,824$5,049,494
66$10,270,741$2,341,386$1,335,818$5,391,548
67$11,227,417$2,365,174$1,289,628$5,765,308
68$12,278,809$2,387,263$1,239,025$6,174,003
69$13,434,488$2,407,479$1,183,773$6,621,195
70$14,704,998$2,425,638$1,123,622$7,110,816
71$16,101,956$2,441,543$1,058,312$7,647,203
72$17,638,161$2,454,984$987,571$8,235,140
73$19,327,714$2,465,739$911,115$8,879,904
74$21,186,151$2,473,570$828,648$9,587,316
75$23,230,589$2,478,226$739,858$10,363,798
76$25,479,889$2,479,438$644,423$11,216,434
77$27,954,830$2,476,923$542,004$12,153,036
78$30,678,309$2,470,379$432,247$13,182,223
79$33,675,554$2,459,485$314,784$14,313,499
80$36,974,361$2,443,900$189,231$15,557,347
81$40,605,360$2,423,265$55,183$16,925,330
82$44,602,298$2,397,197$0$18,430,197
83$49,002,363$2,365,289$0$20,101,013
84$53,846,529$2,327,113$0$21,949,314
85$59,179,946$2,282,214$0$23,982,847
86$65,052,366$2,230,107$0$26,220,554
87$71,518,609$2,170,284$0$28,683,316
88$78,639,082$2,102,203$0$31,394,154
89$86,480,348$2,025,291$0$34,378,446
90$95,115,757$1,938,943$0$37,664,171
91$104,626,131$1,842,518$0$41,282,173
92$115,100,533$1,735,339$0$45,266,453
93$126,637,104$1,616,687$0$49,654,497
94$139,343,989$1,485,805$0$54,487,625
95$153,340,359$1,341,892$0$59,811,388
96$168,757,531$1,184,101$0$65,676,000
97$185,740,214$1,011,536$0$72,136,815
98$204,447,867$823,252$0$79,254,848
99$225,056,208$618,250$0$87,097,361
100$247,758,871$395,475$0$95,738,494