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%13%
1 years$131,301$130,131$128,990$127,876$126,789$125,204
2 years$65,000$63,790$62,617$61,479$60,376$58,781
3 years$42,903$41,687$40,517$39,390$38,305$36,750
4 years$31,857$30,645$29,486$28,378$27,319$25,816
5 years$25,231$24,026$22,882$21,797$20,768$19,321
6 years$20,815$19,619$18,492$17,432$16,433$15,044
7 years$17,662$16,476$15,367$14,331$13,364$12,034
8 years$15,298$14,123$13,033$12,022$11,087$9,814
9 years$13,460$12,296$11,225$10,240$9,337$8,122
10 years$11,991$10,839$9,786$8,827$7,955$6,797
11 years$10,790$9,649$8,616$7,682$6,842$5,740
12 years$9,790$8,661$7,646$6,738$5,929$4,881
13 years$8,944$7,827$6,831$5,949$5,170$4,176
14 years$8,220$7,114$6,138$5,281$4,532$3,589
15 years$7,593$6,499$5,542$4,710$3,991$3,098
16 years$7,044$5,963$5,024$4,217$3,527$2,683
17 years$6,561$5,491$4,572$3,789$3,127$2,330
18 years$6,132$5,074$4,174$3,415$2,781$2,028
19 years$5,749$4,703$3,821$3,085$2,478$1,770
20 years$5,404$4,370$3,507$2,794$2,214$1,547
21 years$5,092$4,071$3,225$2,536$1,981$1,354
22 years$4,810$3,800$2,973$2,306$1,776$1,187
23 years$4,552$3,554$2,745$2,100$1,594$1,042
24 years$4,316$3,330$2,538$1,915$1,433$915
25 years$4,099$3,125$2,351$1,749$1,289$805
26 years$3,900$2,937$2,180$1,599$1,161$708
27 years$3,715$2,764$2,025$1,464$1,047$623
28 years$3,544$2,604$1,882$1,341$945$549
29 years$3,385$2,457$1,752$1,230$853$484
30 years$3,237$2,320$1,632$1,129$771$427
31 years$3,098$2,193$1,521$1,037$697$377
32 years$2,969$2,075$1,419$953$630$333
33 years$2,847$1,965$1,325$876$570$294
34 years$2,734$1,863$1,238$806$517$259
35 years$2,626$1,767$1,158$742$468$229
36 years$2,525$1,677$1,083$683$424$202
37 years$2,430$1,593$1,014$630$384$179
38 years$2,340$1,514$949$580$348$158
39 years$2,255$1,439$889$535$316$140
40 years$2,174$1,369$833$494$286$124
41 years$2,097$1,304$782$455$260$109
42 years$2,024$1,241$733$420$236$97
43 years$1,955$1,183$688$388$214$85
44 years$1,889$1,128$646$358$194$76
45 years$1,826$1,075$606$331$176$67
46 years$1,766$1,026$569$306$160$59
47 years$1,709$979$535$282$145$52
48 years$1,655$934$503$261$132$46
49 years$1,602$892$473$241$120$41
50 years$1,552$852$444$223$109$36

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 $6,299 every year, while hoping to spend $41,448 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: 46/30/24 Blend
43$1,590,000$1,590,000$1,590,000$1,590,000
44$1,758,677$1,674,407$1,649,762$1,827,199
45$1,893,962$1,712,353$1,660,929$1,914,014
46$2,041,657$1,750,769$1,671,081$2,003,587
47$2,202,983$1,789,634$1,680,139$2,099,945
48$2,379,287$1,828,926$1,688,024$2,203,740
49$2,572,049$1,868,618$1,694,647$2,315,695
50$2,782,901$1,908,682$1,699,920$2,436,606
51$3,013,637$1,949,088$1,703,748$2,567,349
52$3,266,234$1,989,800$1,706,030$2,708,890
53$3,542,871$2,030,781$1,706,663$2,862,297
54$3,845,944$2,071,990$1,705,537$3,028,744
55$4,178,095$2,113,381$1,702,536$3,209,527
56$4,542,230$2,154,907$1,697,541$3,406,075
57$4,941,553$2,196,513$1,690,424$3,619,965
58$5,379,592$2,238,142$1,681,054$3,852,932
59$5,860,232$2,279,733$1,669,290$4,106,894
60$6,387,752$2,321,216$1,654,988$4,383,961
61$6,966,868$2,362,521$1,637,995$4,686,464
62$7,602,771$2,403,567$1,618,151$5,016,970
63$8,301,183$2,444,272$1,595,289$5,378,312
64$9,068,406$2,484,543$1,569,233$5,773,612
65$9,911,381$2,524,283$1,539,799$6,206,313
66$10,837,756$2,563,387$1,506,797$6,680,212
67$11,855,957$2,601,743$1,470,025$7,199,493
68$12,975,267$2,639,230$1,429,273$7,768,774
69$14,205,911$2,675,719$1,384,320$8,393,143
70$15,559,156$2,711,072$1,334,937$9,078,210
71$17,047,416$2,745,141$1,280,884$9,830,163
72$18,684,367$2,777,767$1,221,908$10,655,822
73$20,485,078$2,808,783$1,157,747$11,562,709
74$22,466,151$2,838,009$1,088,127$12,559,113
75$24,645,879$2,865,251$1,012,759$13,654,177
76$27,044,416$2,890,306$931,344$14,857,980
77$29,683,971$2,912,956$843,569$16,181,632
78$32,589,013$2,932,968$749,105$17,637,384
79$35,786,503$2,950,094$647,611$19,238,740
80$39,306,150$2,964,072$538,730$21,000,589
81$43,180,688$2,974,622$422,087$22,939,345
82$47,446,185$2,981,446$297,295$25,073,100
83$52,142,387$2,984,228$163,945$27,421,803
84$57,313,088$2,982,632$21,615$30,007,443
85$63,006,543$2,976,302$0$32,854,261
86$69,275,928$2,964,858$0$36,022,338
87$76,179,836$2,947,899$0$39,515,846
88$83,782,832$2,924,998$0$43,361,839
89$92,156,062$2,895,704$0$47,596,237
90$101,377,924$2,859,538$0$52,258,632
91$111,534,807$2,815,990$0$57,392,654
92$122,721,906$2,764,523$0$63,046,390
93$135,044,123$2,704,566$0$69,272,835
94$148,617,049$2,635,516$0$76,130,395
95$163,568,065$2,556,733$0$83,683,438
96$180,037,534$2,467,539$0$92,002,904
97$198,180,133$2,367,220$0$101,166,974
98$218,166,309$2,255,016$0$111,261,813
99$240,183,887$2,130,126$0$122,382,378
100$264,439,843$1,991,701$0$134,633,323