Can I retire at age 44 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$128,823$127,676$126,556$125,464$124,397$123,149
2 years$63,774$62,586$61,435$60,319$59,236$57,980
3 years$42,094$40,901$39,753$38,647$37,582$36,355
4 years$31,256$30,066$28,930$27,843$26,804$25,616
5 years$24,754$23,572$22,451$21,386$20,376$19,231
6 years$20,422$19,249$18,143$17,103$16,123$15,023
7 years$17,328$16,165$15,077$14,061$13,112$12,057
8 years$15,009$13,856$12,787$11,795$10,878$9,867
9 years$13,206$12,064$11,013$10,047$9,161$8,195
10 years$11,765$10,634$9,602$8,661$7,805$6,883
11 years$10,586$9,467$8,453$7,537$6,713$5,834
12 years$9,605$8,497$7,502$6,611$5,817$4,980
13 years$8,775$7,679$6,702$5,837$5,073$4,277
14 years$8,065$6,980$6,022$5,181$4,447$3,691
15 years$7,449$6,376$5,437$4,621$3,915$3,199
16 years$6,911$5,850$4,930$4,137$3,460$2,781
17 years$6,437$5,388$4,486$3,717$3,068$2,426
18 years$6,016$4,979$4,095$3,350$2,728$2,121
19 years$5,640$4,614$3,749$3,027$2,432$1,859
20 years$5,302$4,288$3,440$2,742$2,172$1,632
21 years$4,996$3,994$3,164$2,488$1,944$1,435
22 years$4,719$3,728$2,917$2,262$1,742$1,263
23 years$4,466$3,487$2,693$2,060$1,564$1,114
24 years$4,235$3,267$2,491$1,879$1,406$983
25 years$4,022$3,066$2,307$1,716$1,265$868
26 years$3,826$2,881$2,139$1,569$1,139$768
27 years$3,645$2,712$1,987$1,436$1,027$679
28 years$3,477$2,555$1,847$1,316$927$601
29 years$3,321$2,411$1,719$1,207$837$533
30 years$3,175$2,276$1,601$1,108$756$472
31 years$3,040$2,152$1,492$1,017$684$419
32 years$2,913$2,036$1,392$935$618$371
33 years$2,794$1,928$1,300$860$560$329
34 years$2,682$1,828$1,215$791$507$292
35 years$2,577$1,733$1,136$728$459$260
36 years$2,478$1,645$1,062$671$416$231
37 years$2,384$1,563$994$618$377$205
38 years$2,296$1,485$931$569$342$182
39 years$2,212$1,412$872$525$310$162
40 years$2,133$1,344$818$484$281$144
41 years$2,058$1,279$767$447$255$128
42 years$1,986$1,218$719$412$231$113
43 years$1,918$1,161$675$381$210$101
44 years$1,854$1,106$634$351$191$90
45 years$1,792$1,055$595$325$173$80
46 years$1,733$1,006$559$300$157$71
47 years$1,677$960$525$277$143$63
48 years$1,623$917$493$256$130$56
49 years$1,572$875$464$237$118$50
50 years$1,523$836$436$219$107$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,560,000, adding $4,080 every year, while hoping to spend $30,682 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: 48/43/9 Blend
43$1,560,000$1,560,000$1,560,000$1,560,000
44$1,723,329$1,640,649$1,616,469$1,801,668
45$1,866,463$1,688,395$1,637,975$1,903,609
46$2,023,168$1,737,452$1,659,173$2,010,675
47$2,194,797$1,787,853$1,680,021$2,126,211
48$2,382,837$1,839,629$1,700,473$2,251,014
49$2,588,930$1,892,814$1,720,482$2,385,962
50$2,814,879$1,947,441$1,739,997$2,532,021
51$3,062,675$2,003,543$1,758,964$2,690,253
52$3,334,507$2,061,156$1,777,329$2,861,827
53$3,632,788$2,120,314$1,795,031$3,048,030
54$3,960,176$2,181,053$1,812,008$3,250,278
55$4,319,598$2,243,409$1,828,194$3,470,130
56$4,714,279$2,307,418$1,843,521$3,709,301
57$5,147,771$2,373,117$1,857,914$3,969,680
58$5,623,987$2,440,543$1,871,298$4,253,347
59$6,147,238$2,509,734$1,883,591$4,562,592
60$6,722,273$2,580,728$1,894,708$4,899,936
61$7,354,325$2,653,563$1,904,561$5,268,156
62$8,049,157$2,728,279$1,913,054$5,670,309
63$8,813,119$2,804,912$1,920,090$6,109,764
64$9,653,208$2,883,504$1,925,564$6,590,228
65$10,577,133$2,964,094$1,929,368$7,115,788
66$11,593,386$3,046,720$1,931,387$7,690,943
67$12,711,324$3,131,422$1,931,501$8,320,649
68$13,941,258$3,218,240$1,929,585$9,010,366
69$15,294,546$3,307,214$1,925,506$9,766,108
70$16,783,705$3,398,382$1,919,126$10,594,502
71$18,422,525$3,491,785$1,910,299$11,502,846
72$20,226,202$3,587,462$1,898,873$12,499,181
73$22,211,478$3,685,451$1,884,689$13,592,367
74$24,396,801$3,785,791$1,867,579$14,792,163
75$26,802,500$3,888,520$1,847,368$16,109,324
76$29,450,973$3,993,675$1,823,872$17,555,698
77$32,366,900$4,101,293$1,796,900$19,144,337
78$35,577,477$4,211,410$1,766,250$20,889,627
79$39,112,672$4,324,061$1,731,711$22,807,413
80$43,005,505$4,439,281$1,693,064$24,915,159
81$47,292,362$4,557,101$1,650,077$27,232,104
82$52,013,338$4,677,554$1,602,510$29,779,449
83$57,212,614$4,800,669$1,550,109$32,580,554
84$62,938,874$4,926,476$1,492,611$35,661,160
85$69,245,766$5,055,000$1,429,740$39,049,631
86$76,192,405$5,186,266$1,361,208$42,777,221
87$83,843,934$5,320,296$1,286,712$46,878,369
88$92,272,136$5,457,111$1,205,937$51,391,027
89$101,556,112$5,596,728$1,118,554$56,357,013
90$111,783,029$5,739,161$1,024,219$61,822,410
91$123,048,939$5,884,421$922,572$67,837,997
92$135,459,689$6,032,517$813,237$74,459,732
93$149,131,919$6,183,451$695,821$81,749,277
94$164,194,159$6,337,225$569,916$89,774,584
95$180,788,047$6,493,833$435,092$98,610,531
96$199,069,663$6,653,266$290,903$108,339,633
97$219,211,004$6,815,511$136,883$119,052,819
98$241,401,602$6,980,547$0$130,850,292
99$265,850,320$7,148,348$0$143,845,111
100$292,787,319$7,318,883$0$158,170,520