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%15.2%
1 years$127,998$126,857$125,745$124,659$123,599$120,955
2 years$63,365$62,185$61,041$59,932$58,857$56,206
3 years$41,824$40,639$39,498$38,399$37,341$34,766
4 years$31,055$29,874$28,744$27,664$26,632$24,153
5 years$24,596$23,421$22,307$21,249$20,245$17,869
6 years$20,291$19,125$18,027$16,993$16,019$13,748
7 years$17,217$16,061$14,981$13,971$13,028$10,862
8 years$14,913$13,768$12,705$11,720$10,808$8,747
9 years$13,122$11,987$10,943$9,983$9,102$7,145
10 years$11,690$10,566$9,540$8,605$7,755$5,899
11 years$10,519$9,406$8,399$7,489$6,670$4,913
12 years$9,543$8,443$7,454$6,569$5,780$4,119
13 years$8,719$7,630$6,659$5,799$5,040$3,473
14 years$8,013$6,935$5,984$5,148$4,418$2,942
15 years$7,402$6,335$5,402$4,591$3,890$2,501
16 years$6,867$5,813$4,898$4,111$3,438$2,133
17 years$6,396$5,353$4,457$3,694$3,048$1,823
18 years$5,978$4,947$4,069$3,329$2,711$1,562
19 years$5,604$4,584$3,725$3,008$2,416$1,341
20 years$5,268$4,260$3,418$2,724$2,158$1,153
21 years$4,964$3,968$3,144$2,472$1,931$993
22 years$4,689$3,704$2,898$2,248$1,731$856
23 years$4,437$3,464$2,676$2,047$1,554$738
24 years$4,207$3,246$2,475$1,867$1,397$637
25 years$3,996$3,046$2,292$1,705$1,257$551
26 years$3,801$2,863$2,126$1,559$1,132$476
27 years$3,621$2,694$1,974$1,427$1,021$412
28 years$3,455$2,539$1,835$1,308$921$357
29 years$3,300$2,395$1,708$1,199$832$309
30 years$3,155$2,262$1,591$1,100$751$267
31 years$3,020$2,138$1,483$1,011$679$232
32 years$2,894$2,023$1,383$929$615$201
33 years$2,776$1,916$1,292$854$556$174
34 years$2,665$1,816$1,207$786$504$151
35 years$2,560$1,722$1,128$723$456$131
36 years$2,462$1,635$1,056$666$413$113
37 years$2,369$1,553$988$614$374$98
38 years$2,281$1,476$925$566$340$85
39 years$2,198$1,403$867$522$308$74
40 years$2,119$1,335$813$481$279$64
41 years$2,044$1,271$762$444$253$56
42 years$1,973$1,210$715$410$230$48
43 years$1,906$1,153$671$378$209$42
44 years$1,842$1,099$629$349$189$36
45 years$1,780$1,048$591$323$172$32
46 years$1,722$1,000$555$298$156$27
47 years$1,666$954$522$275$142$24
48 years$1,613$911$490$254$129$21
49 years$1,562$870$461$235$117$18
50 years$1,513$831$433$217$106$16

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 $2,256 every year, while hoping to spend $39,917 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: 84/5/11 Blend
43$1,550,000$1,550,000$1,550,000$1,550,000
44$1,710,427$1,628,277$1,604,252$1,850,877
45$1,842,419$1,665,591$1,615,523$1,980,411
46$1,986,537$1,703,396$1,625,834$2,117,096
47$2,143,974$1,741,673$1,635,110$2,266,021
48$2,316,047$1,780,403$1,643,274$2,428,396
49$2,504,203$1,819,561$1,650,242$2,605,549
50$2,710,036$1,859,124$1,655,930$2,798,945
51$2,935,302$1,899,064$1,660,246$3,010,198
52$3,181,933$1,939,348$1,663,095$3,241,085
53$3,452,059$1,979,945$1,664,377$3,493,563
54$3,748,023$2,020,816$1,663,988$3,769,787
55$4,072,407$2,061,921$1,661,816$4,072,134
56$4,428,053$2,103,217$1,657,748$4,403,220
57$4,818,094$2,144,653$1,651,662$4,765,927
58$5,245,978$2,186,180$1,643,431$5,163,431
59$5,715,503$2,227,738$1,632,922$5,599,231
60$6,230,855$2,269,268$1,619,995$6,077,180
61$6,796,643$2,310,703$1,604,506$6,601,526
62$7,417,944$2,351,970$1,586,300$7,176,948
63$8,100,350$2,392,993$1,565,217$7,808,601
64$8,850,024$2,433,688$1,541,090$8,502,166
65$9,673,753$2,473,965$1,513,743$9,263,900
66$10,579,015$2,513,729$1,482,992$10,100,701
67$11,574,047$2,552,874$1,448,645$11,020,167
68$12,667,926$2,591,291$1,410,501$12,030,670
69$13,870,650$2,628,860$1,368,349$13,141,437
70$15,193,236$2,665,454$1,321,968$14,362,633
71$16,647,821$2,700,936$1,271,128$15,705,461
72$18,247,777$2,735,160$1,215,589$17,182,265
73$20,007,838$2,767,970$1,155,099$18,806,645
74$21,944,236$2,799,199$1,089,394$20,593,592
75$24,074,859$2,828,671$1,018,199$22,559,620
76$26,419,413$2,856,194$941,227$24,722,932
77$28,999,612$2,881,567$858,177$27,103,581
78$31,839,382$2,904,573$768,736$29,723,670
79$34,965,086$2,924,984$672,576$32,607,552
80$38,405,772$2,942,555$569,354$35,782,065
81$42,193,446$2,957,026$458,713$39,276,783
82$46,363,377$2,968,120$340,279$43,124,298
83$50,954,426$2,975,542$213,663$47,360,522
84$56,009,414$2,978,981$78,458$52,025,033
85$61,575,527$2,978,104$0$57,161,443
86$67,704,758$2,972,558$0$62,825,539
87$74,454,399$2,961,969$0$69,072,887
88$81,887,582$2,945,940$0$75,952,687
89$90,073,873$2,924,048$0$83,529,313
90$99,089,929$2,895,847$0$91,873,702
91$109,020,220$2,860,862$0$101,064,021
92$119,957,830$2,818,592$0$111,186,409
93$132,005,329$2,768,503$0$122,335,785
94$145,275,744$2,710,032$0$134,616,746
95$159,893,627$2,642,580$0$148,144,556
96$175,996,226$2,565,515$0$163,046,230
97$193,734,783$2,478,168$0$179,461,735
98$213,275,963$2,379,830$0$197,545,309
99$234,803,420$2,269,750$0$217,466,920
100$258,519,536$2,147,136$0$239,413,868