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

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$131,301$130,131$128,990$127,876$126,789$124,688
2 years$65,000$63,790$62,617$61,479$60,376$58,266
3 years$42,903$41,687$40,517$39,390$38,305$36,251
4 years$31,857$30,645$29,486$28,378$27,319$25,337
5 years$25,231$24,026$22,882$21,797$20,768$18,863
6 years$20,815$19,619$18,492$17,432$16,433$14,608
7 years$17,662$16,476$15,367$14,331$13,364$11,620
8 years$15,298$14,123$13,033$12,022$11,087$9,423
9 years$13,460$12,296$11,225$10,240$9,337$7,752
10 years$11,991$10,839$9,786$8,827$7,955$6,448
11 years$10,790$9,649$8,616$7,682$6,842$5,411
12 years$9,790$8,661$7,646$6,738$5,929$4,572
13 years$8,944$7,827$6,831$5,949$5,170$3,886
14 years$8,220$7,114$6,138$5,281$4,532$3,318
15 years$7,593$6,499$5,542$4,710$3,991$2,844
16 years$7,044$5,963$5,024$4,217$3,527$2,446
17 years$6,561$5,491$4,572$3,789$3,127$2,109
18 years$6,132$5,074$4,174$3,415$2,781$1,823
19 years$5,749$4,703$3,821$3,085$2,478$1,579
20 years$5,404$4,370$3,507$2,794$2,214$1,370
21 years$5,092$4,071$3,225$2,536$1,981$1,190
22 years$4,810$3,800$2,973$2,306$1,776$1,035
23 years$4,552$3,554$2,745$2,100$1,594$902
24 years$4,316$3,330$2,538$1,915$1,433$786
25 years$4,099$3,125$2,351$1,749$1,289$686
26 years$3,900$2,937$2,180$1,599$1,161$599
27 years$3,715$2,764$2,025$1,464$1,047$523
28 years$3,544$2,604$1,882$1,341$945$457
29 years$3,385$2,457$1,752$1,230$853$400
30 years$3,237$2,320$1,632$1,129$771$349
31 years$3,098$2,193$1,521$1,037$697$306
32 years$2,969$2,075$1,419$953$630$268
33 years$2,847$1,965$1,325$876$570$234
34 years$2,734$1,863$1,238$806$517$205
35 years$2,626$1,767$1,158$742$468$180
36 years$2,525$1,677$1,083$683$424$157
37 years$2,430$1,593$1,014$630$384$138
38 years$2,340$1,514$949$580$348$121
39 years$2,255$1,439$889$535$316$106
40 years$2,174$1,369$833$494$286$93
41 years$2,097$1,304$782$455$260$81
42 years$2,024$1,241$733$420$236$71
43 years$1,955$1,183$688$388$214$63
44 years$1,889$1,128$646$358$194$55
45 years$1,826$1,075$606$331$176$48
46 years$1,766$1,026$569$306$160$42
47 years$1,709$979$535$282$145$37
48 years$1,655$934$503$261$132$32
49 years$1,602$892$473$241$120$28
50 years$1,552$852$444$223$109$25

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 $6,046 every year, while hoping to spend $22,948 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: 86/6/8 Blend
43$1,590,000$1,590,000$1,590,000$1,590,000
44$1,758,416$1,674,146$1,649,501$1,907,656
45$1,913,358$1,731,763$1,680,343$2,063,535
46$2,083,335$1,791,434$1,711,449$2,231,025
47$2,269,857$1,853,235$1,742,804$2,414,351
48$2,474,585$1,917,246$1,774,390$2,615,093
49$2,699,351$1,983,550$1,806,191$2,834,989
50$2,946,173$2,052,232$1,838,186$3,075,957
51$3,217,272$2,123,381$1,870,355$3,340,105
52$3,515,097$2,197,090$1,902,676$3,629,757
53$3,842,345$2,273,455$1,935,123$3,947,475
54$4,201,986$2,352,577$1,967,672$4,296,077
55$4,597,294$2,434,558$2,000,294$4,678,670
56$5,031,874$2,519,508$2,032,960$5,098,676
57$5,509,700$2,607,538$2,065,639$5,559,865
58$6,035,148$2,698,767$2,098,297$6,066,389
59$6,613,041$2,793,314$2,130,897$6,622,823
60$7,248,691$2,891,307$2,163,403$7,234,208
61$7,947,954$2,992,876$2,195,772$7,906,096
62$8,717,277$3,098,160$2,227,963$8,644,605
63$9,563,769$3,207,299$2,259,929$9,456,476
64$10,495,259$3,320,442$2,291,622$10,349,135
65$11,520,374$3,437,742$2,322,990$11,330,763
66$12,648,620$3,559,360$2,353,979$12,410,375
67$13,890,473$3,685,462$2,384,531$13,597,904
68$15,257,473$3,816,221$2,414,584$14,904,294
69$16,762,337$3,951,818$2,444,075$16,341,603
70$18,419,079$4,092,441$2,472,934$17,923,119
71$20,243,138$4,238,283$2,501,091$19,663,479
72$22,251,529$4,389,550$2,528,468$21,578,816
73$24,462,998$4,546,451$2,554,985$23,686,904
74$26,898,205$4,709,208$2,580,558$26,007,327
75$29,579,912$4,878,049$2,605,097$28,561,666
76$32,533,202$5,053,213$2,628,507$31,373,702
77$35,785,717$5,234,949$2,650,690$34,469,635
78$39,367,914$5,423,515$2,671,542$37,878,341
79$43,313,354$5,619,180$2,690,952$41,631,633
80$47,659,022$5,822,226$2,708,804$45,764,571
81$52,445,670$6,032,943$2,724,977$50,315,785
82$57,718,207$6,251,636$2,739,343$55,327,846
83$63,526,120$6,478,622$2,751,767$60,847,661
84$69,923,941$6,714,231$2,762,107$66,926,922
85$76,971,762$6,958,807$2,770,217$73,622,587
86$84,735,801$7,212,708$2,775,938$80,997,424
87$93,289,029$7,476,307$2,779,108$89,120,598
88$102,711,857$7,749,993$2,779,555$98,068,327
89$113,092,894$8,034,171$2,777,099$107,924,600
90$124,529,787$8,329,263$2,771,549$118,781,967
91$137,130,138$8,635,709$2,762,708$130,742,418
92$151,012,521$8,953,968$2,750,368$143,918,340
93$166,307,604$9,284,518$2,734,311$158,433,581
94$183,159,376$9,627,856$2,714,307$174,424,617
95$201,726,514$9,984,502$2,690,118$192,041,841
96$222,183,874$10,354,998$2,661,493$211,450,981
97$244,724,144$10,739,908$2,628,167$232,834,665
98$269,559,663$11,139,820$2,589,868$256,394,148
99$296,924,426$11,555,348$2,546,305$282,351,203
100$327,076,289$11,987,132$2,497,178$310,950,225