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%11.3%
1 years$128,823$127,676$126,556$125,464$124,397$123,716
2 years$63,774$62,586$61,435$60,319$59,236$58,550
3 years$42,094$40,901$39,753$38,647$37,582$36,911
4 years$31,256$30,066$28,930$27,843$26,804$26,153
5 years$24,754$23,572$22,451$21,386$20,376$19,747
6 years$20,422$19,249$18,143$17,103$16,123$15,517
7 years$17,328$16,165$15,077$14,061$13,112$12,530
8 years$15,009$13,856$12,787$11,795$10,878$10,319
9 years$13,206$12,064$11,013$10,047$9,161$8,625
10 years$11,765$10,634$9,602$8,661$7,805$7,292
11 years$10,586$9,467$8,453$7,537$6,713$6,222
12 years$9,605$8,497$7,502$6,611$5,817$5,349
13 years$8,775$7,679$6,702$5,837$5,073$4,626
14 years$8,065$6,980$6,022$5,181$4,447$4,021
15 years$7,449$6,376$5,437$4,621$3,915$3,511
16 years$6,911$5,850$4,930$4,137$3,460$3,076
17 years$6,437$5,388$4,486$3,717$3,068$2,703
18 years$6,016$4,979$4,095$3,350$2,728$2,382
19 years$5,640$4,614$3,749$3,027$2,432$2,104
20 years$5,302$4,288$3,440$2,742$2,172$1,862
21 years$4,996$3,994$3,164$2,488$1,944$1,650
22 years$4,719$3,728$2,917$2,262$1,742$1,465
23 years$4,466$3,487$2,693$2,060$1,564$1,303
24 years$4,235$3,267$2,491$1,879$1,406$1,159
25 years$4,022$3,066$2,307$1,716$1,265$1,033
26 years$3,826$2,881$2,139$1,569$1,139$921
27 years$3,645$2,712$1,987$1,436$1,027$822
28 years$3,477$2,555$1,847$1,316$927$734
29 years$3,321$2,411$1,719$1,207$837$656
30 years$3,175$2,276$1,601$1,108$756$587
31 years$3,040$2,152$1,492$1,017$684$525
32 years$2,913$2,036$1,392$935$618$470
33 years$2,794$1,928$1,300$860$560$421
34 years$2,682$1,828$1,215$791$507$377
35 years$2,577$1,733$1,136$728$459$338
36 years$2,478$1,645$1,062$671$416$303
37 years$2,384$1,563$994$618$377$271
38 years$2,296$1,485$931$569$342$243
39 years$2,212$1,412$872$525$310$218
40 years$2,133$1,344$818$484$281$196
41 years$2,058$1,279$767$447$255$176
42 years$1,986$1,218$719$412$231$158
43 years$1,918$1,161$675$381$210$141
44 years$1,854$1,106$634$351$191$127
45 years$1,792$1,055$595$325$173$114
46 years$1,733$1,006$559$300$157$102
47 years$1,677$960$525$277$143$92
48 years$1,623$917$493$256$130$82
49 years$1,572$875$464$237$118$74
50 years$1,523$836$436$219$107$66

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 $3,372 every year, while hoping to spend $23,308 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: 59/13/28 Blend
43$1,560,000$1,560,000$1,560,000$1,560,000
44$1,722,598$1,639,918$1,615,738$1,810,933
45$1,873,504$1,695,475$1,645,066$1,927,259
46$2,039,020$1,752,972$1,674,595$2,051,320
47$2,220,614$1,812,481$1,704,307$2,186,163
48$2,419,899$1,874,075$1,734,184$2,332,842
49$2,638,654$1,937,830$1,764,204$2,492,519
50$2,878,837$2,003,824$1,794,345$2,666,470
51$3,142,606$2,072,140$1,824,584$2,856,104
52$3,432,340$2,142,862$1,854,895$3,062,970
53$3,750,655$2,216,079$1,885,251$3,288,775
54$4,100,438$2,291,883$1,915,623$3,535,399
55$4,484,865$2,370,368$1,945,979$3,804,912
56$4,907,439$2,451,634$1,976,287$4,099,595
57$5,372,017$2,535,783$2,006,512$4,421,959
58$5,882,848$2,622,922$2,036,615$4,774,772
59$6,444,615$2,713,161$2,066,558$5,161,081
60$7,062,476$2,806,616$2,096,299$5,584,245
61$7,742,116$2,903,407$2,125,791$6,047,961
62$8,489,795$3,003,658$2,154,989$6,556,304
63$9,312,414$3,107,497$2,183,841$7,113,765
64$10,217,575$3,215,059$2,212,294$7,725,288
65$11,213,654$3,326,483$2,240,292$8,396,323
66$12,309,880$3,441,915$2,267,776$9,132,873
67$13,516,424$3,561,504$2,294,682$9,941,551
68$14,844,489$3,685,408$2,320,944$10,829,647
69$16,306,423$3,813,789$2,346,491$11,805,188
70$17,915,829$3,946,816$2,371,250$12,877,022
71$19,687,699$4,084,665$2,395,142$14,054,898
72$21,638,550$4,227,519$2,418,085$15,349,555
73$23,786,583$4,375,568$2,439,992$16,772,829
74$26,151,853$4,529,010$2,460,771$18,337,760
75$28,756,461$4,688,051$2,480,325$20,058,717
76$31,624,759$4,852,903$2,498,554$21,951,533
77$34,783,579$5,023,791$2,515,351$24,033,654
78$38,262,491$5,200,944$2,530,603$26,324,305
79$42,094,079$5,384,604$2,544,191$28,844,670
80$46,314,246$5,575,020$2,555,993$31,618,091
81$50,962,558$5,772,454$2,565,877$34,670,290
82$56,082,611$5,977,177$2,573,706$38,029,611
83$61,722,448$6,189,470$2,579,336$41,727,287
84$67,935,011$6,409,627$2,582,617$45,797,736
85$74,778,636$6,637,953$2,583,389$50,278,883
86$82,317,610$6,874,765$2,581,485$55,212,522
87$90,622,773$7,120,396$2,576,732$60,644,705
88$99,772,190$7,375,189$2,568,946$66,626,184
89$109,851,882$7,639,502$2,557,935$73,212,881
90$120,956,645$7,913,709$2,543,497$80,466,424
91$133,190,940$8,198,198$2,525,421$88,454,722
92$146,669,880$8,493,373$2,503,487$97,252,612
93$161,520,315$8,799,656$2,477,461$106,942,560
94$177,882,034$9,117,486$2,447,102$117,615,442
95$195,909,077$9,447,318$2,412,156$129,371,402
96$215,771,195$9,789,629$2,372,356$142,320,797
97$237,655,450$10,144,915$2,327,423$156,585,239
98$261,767,981$10,513,690$2,277,066$172,298,739
99$288,335,947$10,896,493$2,220,980$189,608,979
100$317,609,677$11,293,884$2,158,846$208,678,701