Can I retire at age 44 with 1,580,000?

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 $1,580,000?

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$130,475$129,313$128,179$127,072$125,991$123,802
2 years$64,592$63,389$62,223$61,092$59,996$57,798
3 years$42,633$41,425$40,262$39,142$38,064$35,925
4 years$31,656$30,452$29,301$28,200$27,147$25,084
5 years$25,072$23,875$22,738$21,660$20,637$18,655
6 years$20,684$19,495$18,376$17,322$16,329$14,431
7 years$17,550$16,372$15,271$14,241$13,280$11,466
8 years$15,202$14,034$12,951$11,947$11,017$9,287
9 years$13,376$12,219$11,154$10,176$9,278$7,631
10 years$11,916$10,771$9,725$8,772$7,905$6,340
11 years$10,722$9,588$8,561$7,634$6,799$5,314
12 years$9,728$8,606$7,598$6,696$5,892$4,484
13 years$8,888$7,777$6,788$5,912$5,138$3,806
14 years$8,168$7,069$6,099$5,248$4,504$3,245
15 years$7,545$6,458$5,507$4,680$3,965$2,778
16 years$7,000$5,925$4,993$4,190$3,505$2,386
17 years$6,520$5,457$4,543$3,765$3,107$2,054
18 years$6,093$5,042$4,147$3,393$2,763$1,773
19 years$5,712$4,673$3,797$3,066$2,463$1,533
20 years$5,370$4,343$3,484$2,777$2,200$1,328
21 years$5,060$4,045$3,205$2,520$1,969$1,152
22 years$4,779$3,776$2,954$2,291$1,765$1,001
23 years$4,523$3,531$2,727$2,087$1,584$870
24 years$4,289$3,309$2,522$1,903$1,424$757
25 years$4,073$3,105$2,336$1,738$1,281$660
26 years$3,875$2,918$2,167$1,589$1,154$575
27 years$3,692$2,746$2,012$1,455$1,040$501
28 years$3,521$2,588$1,870$1,333$939$438
29 years$3,363$2,441$1,741$1,222$848$382
30 years$3,216$2,306$1,621$1,122$766$334
31 years$3,079$2,180$1,512$1,030$692$291
32 years$2,950$2,062$1,410$947$626$255
33 years$2,830$1,953$1,317$871$567$223
34 years$2,716$1,851$1,230$801$513$195
35 years$2,610$1,756$1,150$737$465$170
36 years$2,509$1,666$1,076$679$421$149
37 years$2,415$1,583$1,007$626$382$130
38 years$2,325$1,504$943$577$346$114
39 years$2,240$1,430$884$532$314$100
40 years$2,160$1,361$828$491$285$87
41 years$2,084$1,295$777$453$258$76
42 years$2,012$1,234$728$418$234$67
43 years$1,943$1,175$684$386$213$58
44 years$1,877$1,120$642$356$193$51
45 years$1,815$1,068$603$329$175$45
46 years$1,755$1,019$566$304$159$39
47 years$1,699$973$532$281$144$34
48 years$1,644$929$500$259$131$30
49 years$1,592$887$470$240$119$26
50 years$1,543$847$441$221$108$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,580,000, adding $6,578 every year, while hoping to spend $36,637 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: 54/39/7 Blend
43$1,580,000$1,580,000$1,580,000$1,580,000
44$1,747,945$1,664,205$1,639,715$1,839,116
45$1,887,254$1,706,770$1,655,664$1,944,086
46$2,039,545$1,750,192$1,670,920$2,053,673
47$2,206,102$1,794,476$1,685,419$2,172,051
48$2,388,342$1,839,622$1,699,098$2,300,058
49$2,587,823$1,885,634$1,711,888$2,438,617
50$2,806,261$1,932,509$1,723,716$2,588,745
51$3,045,545$1,980,248$1,734,506$2,751,559
52$3,307,757$2,028,847$1,744,179$2,928,292
53$3,595,190$2,078,302$1,752,650$3,120,299
54$3,910,367$2,128,606$1,759,832$3,329,074
55$4,256,068$2,179,752$1,765,630$3,556,262
56$4,635,357$2,231,730$1,769,949$3,803,675
57$5,051,606$2,284,527$1,772,685$4,073,306
58$5,508,531$2,338,130$1,773,731$4,367,355
59$6,010,225$2,392,522$1,772,974$4,688,241
60$6,561,195$2,447,683$1,770,296$5,038,631
61$7,166,410$2,503,592$1,765,574$5,421,463
62$7,831,339$2,560,224$1,758,676$5,839,973
63$8,562,011$2,617,550$1,749,467$6,297,727
64$9,365,066$2,675,540$1,737,804$6,798,653
65$10,247,818$2,734,157$1,723,536$7,347,080
66$11,218,329$2,793,363$1,706,507$7,947,775
67$12,285,476$2,853,116$1,686,553$8,605,995
68$13,459,042$2,913,366$1,663,500$9,327,528
69$14,749,807$2,974,063$1,637,170$10,118,755
70$16,169,644$3,035,150$1,607,372$10,986,706
71$17,731,639$3,096,563$1,573,910$11,939,126
72$19,450,207$3,158,236$1,536,577$12,984,551
73$21,341,232$3,220,093$1,495,156$14,132,390
74$23,422,216$3,282,056$1,449,422$15,393,006
75$25,712,441$3,344,036$1,399,137$16,777,823
76$28,233,156$3,405,940$1,344,054$18,299,429
77$31,007,772$3,467,665$1,283,914$19,971,695
78$34,062,087$3,529,102$1,218,447$21,809,909
79$37,424,524$3,590,133$1,147,370$23,830,916
80$41,126,406$3,650,629$1,070,386$26,053,281
81$45,202,243$3,710,454$987,188$28,497,465
82$49,690,066$3,769,461$897,453$31,186,014
83$54,631,778$3,827,490$800,843$34,143,775
84$60,073,555$3,884,372$697,007$37,398,132
85$66,066,277$3,939,925$585,576$40,979,262
86$72,666,011$3,993,955$466,166$44,920,422
87$79,934,538$4,046,254$338,377$49,258,263
88$87,939,938$4,096,597$201,790$54,033,177
89$96,757,229$4,144,748$55,968$59,289,677
90$106,469,078$4,190,452$0$65,076,819
91$117,166,577$4,233,437$0$71,456,109
92$128,950,108$4,273,415$0$78,484,629
93$141,930,283$4,310,077$0$86,223,893
94$156,228,996$4,343,095$0$94,746,301
95$171,980,564$4,372,117$0$104,131,641
96$189,333,003$4,396,772$0$114,467,841
97$208,449,419$4,416,664$0$125,851,801
98$229,509,550$4,431,370$0$138,390,306
99$252,711,460$4,440,443$0$152,201,037
100$278,273,410$4,443,407$0$167,413,683