Can I retire at age 44 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$131,301$130,131$128,990$127,876$126,789$125,465
2 years$65,000$63,790$62,617$61,479$60,376$59,042
3 years$42,903$41,687$40,517$39,390$38,305$37,003
4 years$31,857$30,645$29,486$28,378$27,319$26,060
5 years$25,231$24,026$22,882$21,797$20,768$19,554
6 years$20,815$19,619$18,492$17,432$16,433$15,267
7 years$17,662$16,476$15,367$14,331$13,364$12,246
8 years$15,298$14,123$13,033$12,022$11,087$10,016
9 years$13,460$12,296$11,225$10,240$9,337$8,313
10 years$11,991$10,839$9,786$8,827$7,955$6,979
11 years$10,790$9,649$8,616$7,682$6,842$5,911
12 years$9,790$8,661$7,646$6,738$5,929$5,043
13 years$8,944$7,827$6,831$5,949$5,170$4,328
14 years$8,220$7,114$6,138$5,281$4,532$3,733
15 years$7,593$6,499$5,542$4,710$3,991$3,232
16 years$7,044$5,963$5,024$4,217$3,527$2,809
17 years$6,561$5,491$4,572$3,789$3,127$2,448
18 years$6,132$5,074$4,174$3,415$2,781$2,139
19 years$5,749$4,703$3,821$3,085$2,478$1,873
20 years$5,404$4,370$3,507$2,794$2,214$1,643
21 years$5,092$4,071$3,225$2,536$1,981$1,444
22 years$4,810$3,800$2,973$2,306$1,776$1,270
23 years$4,552$3,554$2,745$2,100$1,594$1,119
24 years$4,316$3,330$2,538$1,915$1,433$987
25 years$4,099$3,125$2,351$1,749$1,289$871
26 years$3,900$2,937$2,180$1,599$1,161$770
27 years$3,715$2,764$2,025$1,464$1,047$680
28 years$3,544$2,604$1,882$1,341$945$602
29 years$3,385$2,457$1,752$1,230$853$533
30 years$3,237$2,320$1,632$1,129$771$472
31 years$3,098$2,193$1,521$1,037$697$418
32 years$2,969$2,075$1,419$953$630$370
33 years$2,847$1,965$1,325$876$570$328
34 years$2,734$1,863$1,238$806$517$291
35 years$2,626$1,767$1,158$742$468$258
36 years$2,525$1,677$1,083$683$424$229
37 years$2,430$1,593$1,014$630$384$203
38 years$2,340$1,514$949$580$348$181
39 years$2,255$1,439$889$535$316$160
40 years$2,174$1,369$833$494$286$142
41 years$2,097$1,304$782$455$260$126
42 years$2,024$1,241$733$420$236$112
43 years$1,955$1,183$688$388$214$100
44 years$1,889$1,128$646$358$194$89
45 years$1,826$1,075$606$331$176$79
46 years$1,766$1,026$569$306$160$70
47 years$1,709$979$535$282$145$62
48 years$1,655$934$503$261$132$55
49 years$1,602$892$473$241$120$49
50 years$1,552$852$444$223$109$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,590,000, adding $6,792 every year, while hoping to spend $57,993 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: 64/25/11 Blend
43$1,590,000$1,590,000$1,590,000$1,590,000
44$1,759,186$1,674,916$1,650,271$1,867,007
45$1,876,919$1,695,283$1,643,851$1,960,234
46$2,004,717$1,714,704$1,635,272$2,054,643
47$2,143,545$1,733,072$1,624,401$2,156,300
48$2,294,466$1,750,271$1,611,098$2,265,907
49$2,458,648$1,766,181$1,595,216$2,384,241
50$2,637,375$1,780,669$1,576,601$2,512,156
51$2,832,064$1,793,598$1,555,093$2,650,596
52$3,044,269$1,804,819$1,530,523$2,800,600
53$3,275,704$1,814,175$1,502,716$2,963,315
54$3,528,254$1,821,498$1,471,485$3,140,006
55$3,803,996$1,826,611$1,436,639$3,332,069
56$4,105,212$1,829,324$1,397,976$3,541,042
57$4,434,419$1,829,435$1,355,283$3,768,622
58$4,794,384$1,826,733$1,308,340$4,016,682
59$5,188,157$1,820,988$1,256,915$4,287,286
60$5,619,095$1,811,962$1,200,767$4,582,711
61$6,090,893$1,799,399$1,139,643$4,905,469
62$6,607,622$1,783,027$1,073,279$5,258,329
63$7,173,764$1,762,561$1,001,399$5,644,346
64$7,794,256$1,737,694$923,714$6,066,890
65$8,474,535$1,708,106$839,923$6,529,675
66$9,220,588$1,673,453$749,710$7,036,802
67$10,039,010$1,633,374$652,747$7,592,787
68$10,937,065$1,587,486$548,691$8,202,616
69$11,922,756$1,535,383$437,182$8,871,785
70$13,004,895$1,476,635$317,846$9,606,356
71$14,193,193$1,410,788$190,292$10,413,012
72$15,498,343$1,337,362$54,112$11,299,124
73$16,932,128$1,255,847$0$12,272,820
74$18,507,528$1,165,705$0$13,353,770
75$20,238,840$1,066,369$0$14,548,624
76$22,141,818$957,238$0$15,861,977
77$24,233,816$837,675$0$17,305,901
78$26,533,954$707,010$0$18,893,705
79$29,063,297$564,533$0$20,640,060
80$31,845,054$409,496$0$22,561,137
81$34,904,795$241,106$0$24,674,765
82$38,270,693$58,530$0$27,000,592
83$41,973,790$0$0$29,560,280
84$46,048,286$0$0$32,415,978
85$50,531,866$0$0$35,576,237
86$55,466,050$0$0$39,054,238
87$60,896,589$0$0$42,882,246
88$66,873,893$0$0$47,095,811
89$73,453,506$0$0$51,734,107
90$80,696,632$0$0$56,840,296
91$88,670,709$0$0$62,461,940
92$97,450,046$0$0$68,651,446
93$107,116,527$0$0$75,466,560
94$117,760,375$0$0$82,970,915
95$129,481,012$0$0$91,234,628
96$142,387,990$0$0$100,334,960
97$156,602,027$0$0$110,357,050
98$172,256,145$0$0$121,394,713
99$189,496,926$0$0$133,551,327
100$208,485,892$0$0$146,940,807