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

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$130,475$129,313$128,179$127,072$125,991$124,832
2 years$64,592$63,389$62,223$61,092$59,996$58,827
3 years$42,633$41,425$40,262$39,142$38,064$36,923
4 years$31,656$30,452$29,301$28,200$27,147$26,043
5 years$25,072$23,875$22,738$21,660$20,637$19,572
6 years$20,684$19,495$18,376$17,322$16,329$15,305
7 years$17,550$16,372$15,271$14,241$13,280$12,297
8 years$15,202$14,034$12,951$11,947$11,017$10,075
9 years$13,376$12,219$11,154$10,176$9,278$8,377
10 years$11,916$10,771$9,725$8,772$7,905$7,045
11 years$10,722$9,588$8,561$7,634$6,799$5,978
12 years$9,728$8,606$7,598$6,696$5,892$5,110
13 years$8,888$7,777$6,788$5,912$5,138$4,394
14 years$8,168$7,069$6,099$5,248$4,504$3,797
15 years$7,545$6,458$5,507$4,680$3,965$3,295
16 years$7,000$5,925$4,993$4,190$3,505$2,869
17 years$6,520$5,457$4,543$3,765$3,107$2,506
18 years$6,093$5,042$4,147$3,393$2,763$2,194
19 years$5,712$4,673$3,797$3,066$2,463$1,925
20 years$5,370$4,343$3,484$2,777$2,200$1,693
21 years$5,060$4,045$3,205$2,520$1,969$1,491
22 years$4,779$3,776$2,954$2,291$1,765$1,315
23 years$4,523$3,531$2,727$2,087$1,584$1,161
24 years$4,289$3,309$2,522$1,903$1,424$1,026
25 years$4,073$3,105$2,336$1,738$1,281$908
26 years$3,875$2,918$2,167$1,589$1,154$804
27 years$3,692$2,746$2,012$1,455$1,040$712
28 years$3,521$2,588$1,870$1,333$939$632
29 years$3,363$2,441$1,741$1,222$848$561
30 years$3,216$2,306$1,621$1,122$766$498
31 years$3,079$2,180$1,512$1,030$692$442
32 years$2,950$2,062$1,410$947$626$393
33 years$2,830$1,953$1,317$871$567$349
34 years$2,716$1,851$1,230$801$513$310
35 years$2,610$1,756$1,150$737$465$276
36 years$2,509$1,666$1,076$679$421$245
37 years$2,415$1,583$1,007$626$382$218
38 years$2,325$1,504$943$577$346$194
39 years$2,240$1,430$884$532$314$173
40 years$2,160$1,361$828$491$285$154
41 years$2,084$1,295$777$453$258$137
42 years$2,012$1,234$728$418$234$122
43 years$1,943$1,175$684$386$213$109
44 years$1,877$1,120$642$356$193$97
45 years$1,815$1,068$603$329$175$86
46 years$1,755$1,019$566$304$159$77
47 years$1,699$973$532$281$144$68
48 years$1,644$929$500$259$131$61
49 years$1,592$887$470$240$119$54
50 years$1,543$847$441$221$108$48

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 $2,746 every year, while hoping to spend $29,938 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: 57/23/20 Blend
43$1,580,000$1,580,000$1,580,000$1,580,000
44$1,743,992$1,660,252$1,635,762$1,833,937
45$1,890,026$1,709,751$1,658,707$1,944,992
46$2,049,951$1,760,672$1,681,416$2,062,503
47$2,225,154$1,813,052$1,703,851$2,189,909
48$2,417,160$1,866,932$1,725,971$2,328,169
49$2,627,649$1,922,351$1,747,730$2,478,338
50$2,858,473$1,979,349$1,769,082$2,641,579
51$3,111,668$2,037,968$1,789,977$2,819,173
52$3,389,481$2,098,252$1,810,364$3,012,528
53$3,694,384$2,160,242$1,830,187$3,223,199
54$4,029,102$2,223,984$1,849,389$3,452,894
55$4,396,634$2,289,523$1,867,907$3,703,497
56$4,800,286$2,356,905$1,885,677$3,977,081
57$5,243,699$2,426,177$1,902,631$4,275,932
58$5,730,884$2,497,388$1,918,698$4,602,566
59$6,266,261$2,570,587$1,933,801$4,959,754
60$6,854,697$2,645,823$1,947,861$5,350,551
61$7,501,556$2,723,148$1,960,794$5,778,320
62$8,212,747$2,802,614$1,972,512$6,246,767
63$8,994,779$2,884,274$1,982,923$6,759,976
64$9,854,824$2,968,182$1,991,929$7,322,445
65$10,800,786$3,054,392$1,999,428$7,939,129
66$11,841,370$3,142,961$2,005,313$8,615,488
67$12,986,169$3,233,945$2,009,470$9,357,540
68$14,245,752$3,327,403$2,011,781$10,171,912
69$15,631,765$3,423,392$2,012,122$11,065,907
70$17,157,039$3,521,972$2,010,362$12,047,575
71$18,835,712$3,623,204$2,006,365$13,125,780
72$20,683,363$3,727,149$1,999,986$14,310,295
73$22,717,156$3,833,869$1,991,076$15,611,885
74$24,956,004$3,943,427$1,979,475$17,042,412
75$27,420,749$4,055,887$1,965,020$18,614,950
76$30,134,353$4,171,314$1,947,536$20,343,902
77$33,122,121$4,289,772$1,926,842$22,245,141
78$36,411,934$4,411,327$1,902,748$24,336,158
79$40,034,516$4,536,047$1,875,055$26,636,226
80$44,023,721$4,663,997$1,843,553$29,166,583
81$48,416,853$4,795,247$1,808,026$31,950,635
82$53,255,021$4,929,862$1,768,243$35,014,170
83$58,583,521$5,067,913$1,723,967$38,385,611
84$64,452,267$5,209,468$1,674,947$42,096,273
85$70,916,262$5,354,596$1,620,921$46,180,671
86$78,036,115$5,503,365$1,561,617$50,676,835
87$85,878,615$5,655,846$1,496,747$55,626,675
88$94,517,358$5,812,107$1,426,012$61,076,377
89$104,033,445$5,972,217$1,349,100$67,076,834
90$114,516,246$6,136,245$1,265,685$73,684,132
91$126,064,241$6,304,259$1,175,423$80,960,078
92$138,785,953$6,476,328$1,077,959$88,972,781
93$152,800,969$6,652,516$972,920$97,797,299
94$168,241,071$6,832,892$859,915$107,516,344
95$185,251,476$7,017,520$738,539$118,221,066
96$203,992,212$7,206,464$608,365$130,011,912
97$224,639,624$7,399,787$468,951$142,999,574
98$247,388,038$7,597,548$319,833$157,306,037
99$272,451,598$7,799,808$160,528$173,065,728
100$300,066,285$8,006,624$0$190,426,785