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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$128,823$127,676$126,556$125,464$124,397$122,235
2 years$63,774$62,586$61,435$60,319$59,236$57,066
3 years$42,094$40,901$39,753$38,647$37,582$35,470
4 years$31,256$30,066$28,930$27,843$26,804$24,766
5 years$24,754$23,572$22,451$21,386$20,376$18,419
6 years$20,422$19,249$18,143$17,103$16,123$14,249
7 years$17,328$16,165$15,077$14,061$13,112$11,321
8 years$15,009$13,856$12,787$11,795$10,878$9,170
9 years$13,206$12,064$11,013$10,047$9,161$7,535
10 years$11,765$10,634$9,602$8,661$7,805$6,260
11 years$10,586$9,467$8,453$7,537$6,713$5,246
12 years$9,605$8,497$7,502$6,611$5,817$4,428
13 years$8,775$7,679$6,702$5,837$5,073$3,758
14 years$8,065$6,980$6,022$5,181$4,447$3,204
15 years$7,449$6,376$5,437$4,621$3,915$2,743
16 years$6,911$5,850$4,930$4,137$3,460$2,356
17 years$6,437$5,388$4,486$3,717$3,068$2,028
18 years$6,016$4,979$4,095$3,350$2,728$1,751
19 years$5,640$4,614$3,749$3,027$2,432$1,514
20 years$5,302$4,288$3,440$2,742$2,172$1,312
21 years$4,996$3,994$3,164$2,488$1,944$1,138
22 years$4,719$3,728$2,917$2,262$1,742$988
23 years$4,466$3,487$2,693$2,060$1,564$859
24 years$4,235$3,267$2,491$1,879$1,406$748
25 years$4,022$3,066$2,307$1,716$1,265$651
26 years$3,826$2,881$2,139$1,569$1,139$568
27 years$3,645$2,712$1,987$1,436$1,027$495
28 years$3,477$2,555$1,847$1,316$927$432
29 years$3,321$2,411$1,719$1,207$837$377
30 years$3,175$2,276$1,601$1,108$756$329
31 years$3,040$2,152$1,492$1,017$684$288
32 years$2,913$2,036$1,392$935$618$251
33 years$2,794$1,928$1,300$860$560$220
34 years$2,682$1,828$1,215$791$507$192
35 years$2,577$1,733$1,136$728$459$168
36 years$2,478$1,645$1,062$671$416$147
37 years$2,384$1,563$994$618$377$129
38 years$2,296$1,485$931$569$342$112
39 years$2,212$1,412$872$525$310$98
40 years$2,133$1,344$818$484$281$86
41 years$2,058$1,279$767$447$255$75
42 years$1,986$1,218$719$412$231$66
43 years$1,918$1,161$675$381$210$58
44 years$1,854$1,106$634$351$191$51
45 years$1,792$1,055$595$325$173$44
46 years$1,733$1,006$559$300$157$39
47 years$1,677$960$525$277$143$34
48 years$1,623$917$493$256$130$30
49 years$1,572$875$464$237$118$26
50 years$1,523$836$436$219$107$23

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 $4,669 every year, while hoping to spend $22,820 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: 87/7/6 Blend
43$1,560,000$1,560,000$1,560,000$1,560,000
44$1,723,936$1,641,256$1,617,076$1,873,145
45$1,875,497$1,697,397$1,646,968$2,027,169
46$2,041,753$1,755,525$1,677,096$2,192,774
47$2,224,178$1,815,711$1,707,445$2,374,047
48$2,424,396$1,878,033$1,737,996$2,572,552
49$2,644,197$1,942,570$1,768,732$2,790,008
50$2,885,552$2,009,403$1,799,631$3,028,310
51$3,150,632$2,078,617$1,830,673$3,289,544
52$3,441,829$2,150,302$1,861,833$3,576,009
53$3,761,778$2,224,549$1,893,087$3,890,237
54$4,113,381$2,301,454$1,924,407$4,235,014
55$4,499,837$2,381,116$1,955,766$4,613,415
56$4,924,669$2,463,639$1,987,132$5,028,820
57$5,391,757$2,549,129$2,018,473$5,484,959
58$5,905,379$2,637,699$2,049,754$5,985,937
59$6,470,246$2,729,465$2,080,939$6,536,277
60$7,091,548$2,824,546$2,111,988$7,140,963
61$7,775,005$2,923,068$2,142,859$7,805,484
62$8,526,919$3,025,161$2,173,508$8,535,889
63$9,354,232$3,130,961$2,203,888$9,338,842
64$10,264,594$3,240,609$2,233,949$10,221,684
65$11,266,435$3,354,251$2,263,638$11,192,505
66$12,369,041$3,472,039$2,292,900$12,260,215
67$13,582,646$3,594,132$2,321,675$13,434,634
68$14,918,526$3,720,694$2,349,900$14,726,582
69$16,389,104$3,851,897$2,377,511$16,147,977
70$18,008,071$3,987,919$2,404,436$17,711,956
71$19,790,513$4,128,945$2,430,603$19,432,988
72$21,753,050$4,275,168$2,455,933$21,327,021
73$23,914,000$4,426,790$2,480,345$23,411,623
74$26,293,543$4,584,018$2,503,752$25,706,155
75$28,913,920$4,747,070$2,526,063$28,231,948
76$31,799,636$4,916,172$2,547,183$31,012,509
77$34,977,694$5,091,561$2,567,009$34,073,737
78$38,477,851$5,273,480$2,585,436$37,444,173
79$42,332,896$5,462,184$2,602,352$41,155,265
80$46,578,960$5,657,940$2,617,640$45,241,665
81$51,255,858$5,861,023$2,631,174$49,741,559
82$56,407,464$6,071,721$2,642,827$54,697,024
83$62,082,124$6,290,334$2,652,460$60,154,424
84$68,333,113$6,517,173$2,659,931$66,164,852
85$75,219,140$6,752,564$2,665,088$72,784,608
86$82,804,898$6,996,845$2,667,773$80,075,730
87$91,161,675$7,250,367$2,667,821$88,106,582
88$100,368,029$7,513,499$2,665,057$96,952,498
89$110,510,529$7,786,622$2,659,297$106,696,490
90$121,684,571$8,070,134$2,650,351$117,430,037
91$133,995,277$8,364,450$2,638,018$129,253,940
92$147,558,489$8,670,002$2,622,086$142,279,283
93$162,501,864$8,987,241$2,602,334$156,628,474
94$178,966,074$9,316,636$2,578,532$172,436,401
95$197,106,137$9,658,674$2,550,437$189,851,708
96$217,092,880$10,013,867$2,517,794$209,038,196
97$239,114,552$10,382,745$2,480,338$230,176,368
98$263,378,598$10,765,861$2,437,791$253,465,134
99$290,113,619$11,163,791$2,389,860$279,123,689
100$319,571,529$11,577,139$2,336,242$307,393,577