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%13.8%
1 years$130,475$129,313$128,179$127,072$125,991$124,006
2 years$64,592$63,389$62,223$61,092$59,996$58,001
3 years$42,633$41,425$40,262$39,142$38,064$36,121
4 years$31,656$30,452$29,301$28,200$27,147$25,272
5 years$25,072$23,875$22,738$21,660$20,637$18,835
6 years$20,684$19,495$18,376$17,322$16,329$14,602
7 years$17,550$16,372$15,271$14,241$13,280$11,628
8 years$15,202$14,034$12,951$11,947$11,017$9,440
9 years$13,376$12,219$11,154$10,176$9,278$7,775
10 years$11,916$10,771$9,725$8,772$7,905$6,476
11 years$10,722$9,588$8,561$7,634$6,799$5,441
12 years$9,728$8,606$7,598$6,696$5,892$4,603
13 years$8,888$7,777$6,788$5,912$5,138$3,917
14 years$8,168$7,069$6,099$5,248$4,504$3,349
15 years$7,545$6,458$5,507$4,680$3,965$2,875
16 years$7,000$5,925$4,993$4,190$3,505$2,476
17 years$6,520$5,457$4,543$3,765$3,107$2,138
18 years$6,093$5,042$4,147$3,393$2,763$1,851
19 years$5,712$4,673$3,797$3,066$2,463$1,605
20 years$5,370$4,343$3,484$2,777$2,200$1,395
21 years$5,060$4,045$3,205$2,520$1,969$1,214
22 years$4,779$3,776$2,954$2,291$1,765$1,057
23 years$4,523$3,531$2,727$2,087$1,584$922
24 years$4,289$3,309$2,522$1,903$1,424$805
25 years$4,073$3,105$2,336$1,738$1,281$703
26 years$3,875$2,918$2,167$1,589$1,154$615
27 years$3,692$2,746$2,012$1,455$1,040$538
28 years$3,521$2,588$1,870$1,333$939$471
29 years$3,363$2,441$1,741$1,222$848$413
30 years$3,216$2,306$1,621$1,122$766$362
31 years$3,079$2,180$1,512$1,030$692$317
32 years$2,950$2,062$1,410$947$626$278
33 years$2,830$1,953$1,317$871$567$244
34 years$2,716$1,851$1,230$801$513$214
35 years$2,610$1,756$1,150$737$465$188
36 years$2,509$1,666$1,076$679$421$165
37 years$2,415$1,583$1,007$626$382$144
38 years$2,325$1,504$943$577$346$127
39 years$2,240$1,430$884$532$314$111
40 years$2,160$1,361$828$491$285$98
41 years$2,084$1,295$777$453$258$86
42 years$2,012$1,234$728$418$234$75
43 years$1,943$1,175$684$386$213$66
44 years$1,877$1,120$642$356$193$58
45 years$1,815$1,068$603$329$175$51
46 years$1,755$1,019$566$304$159$45
47 years$1,699$973$532$281$144$39
48 years$1,644$929$500$259$131$35
49 years$1,592$887$470$240$119$30
50 years$1,543$847$441$221$108$27

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 $4,601 every year, while hoping to spend $38,674 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: 66/12/22 Blend
43$1,580,000$1,580,000$1,580,000$1,580,000
44$1,745,906$1,662,166$1,637,676$1,851,042
45$1,882,840$1,702,463$1,651,389$1,962,525
46$2,032,444$1,743,439$1,664,266$2,079,525
47$2,195,971$1,785,085$1,676,237$2,206,534
48$2,374,799$1,827,393$1,687,229$2,344,535
49$2,570,445$1,870,352$1,697,168$2,494,614
50$2,784,579$1,913,948$1,705,972$2,657,966
51$3,019,042$1,958,167$1,713,557$2,835,908
52$3,275,858$2,002,991$1,719,835$3,029,892
53$3,557,259$2,048,401$1,724,713$3,241,515
54$3,865,701$2,094,375$1,728,093$3,472,541
55$4,203,892$2,140,888$1,729,873$3,724,912
56$4,574,810$2,187,913$1,729,945$4,000,766
57$4,981,739$2,235,418$1,728,196$4,302,463
58$5,428,294$2,283,371$1,724,509$4,632,600
59$5,918,457$2,331,734$1,718,757$4,994,043
60$6,456,616$2,380,466$1,710,812$5,389,946
61$7,047,604$2,429,521$1,700,537$5,823,788
62$7,696,743$2,478,852$1,687,789$6,299,403
63$8,409,899$2,528,403$1,672,417$6,821,014
64$9,193,531$2,578,117$1,654,266$7,393,279
65$10,054,756$2,627,931$1,633,169$8,021,328
66$11,001,417$2,677,775$1,608,956$8,710,816
67$12,042,151$2,727,575$1,581,445$9,467,977
68$13,186,476$2,777,251$1,550,449$10,299,679
69$14,444,876$2,826,716$1,515,769$11,213,494
70$15,828,905$2,875,877$1,477,198$12,217,764
71$17,351,290$2,924,632$1,434,521$13,321,685
72$19,026,055$2,972,872$1,387,511$14,535,393
73$20,868,652$3,020,482$1,335,932$15,870,058
74$22,896,104$3,067,336$1,279,536$17,337,988
75$25,127,171$3,113,299$1,218,064$18,952,753
76$27,582,519$3,158,228$1,151,247$20,729,306
77$30,284,924$3,201,968$1,078,801$22,684,126
78$33,259,476$3,244,355$1,000,431$24,835,376
79$36,533,826$3,285,212$915,829$27,203,073
80$40,138,439$3,324,350$824,671$29,809,280
81$44,106,884$3,361,568$726,623$32,678,311
82$48,476,152$3,396,650$621,330$35,836,962
83$53,287,002$3,429,369$508,427$39,314,766
84$58,584,347$3,459,478$387,530$43,144,272
85$64,417,676$3,486,718$258,238$47,361,351
86$70,841,523$3,510,811$120,133$52,005,536
87$77,915,979$3,531,462$0$57,120,398
88$85,707,262$3,548,357$0$62,760,350
89$94,288,336$3,561,160$0$69,002,427
90$103,739,607$3,569,517$0$75,876,833
91$114,149,674$3,573,051$0$83,447,959
92$125,616,170$3,571,359$0$91,786,765
93$138,246,680$3,564,016$0$100,971,446
94$152,159,758$3,550,570$0$111,088,170
95$167,486,045$3,530,540$0$122,231,895
96$184,369,503$3,503,417$0$134,507,260
97$202,968,769$3,468,662$0$148,029,578
98$223,458,659$3,425,701$0$162,925,922
99$246,031,810$3,373,928$0$179,336,324
100$270,900,504$3,312,700$0$197,415,099