Can I retire at age 44 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$132,127$130,950$129,801$128,681$127,586$127,049
2 years$65,409$64,191$63,010$61,866$60,755$60,213
3 years$43,173$41,950$40,772$39,638$38,546$38,015
4 years$32,057$30,837$29,671$28,557$27,491$26,976
5 years$25,389$24,177$23,026$21,934$20,898$20,400
6 years$20,945$19,742$18,609$17,541$16,536$16,056
7 years$17,773$16,579$15,464$14,422$13,448$12,986
8 years$15,394$14,212$13,115$12,098$11,157$10,713
9 years$13,545$12,374$11,296$10,305$9,396$8,970
10 years$12,067$10,907$9,848$8,883$8,005$7,598
11 years$10,858$9,710$8,670$7,731$6,885$6,495
12 years$9,851$8,715$7,694$6,781$5,966$5,594
13 years$9,000$7,876$6,874$5,986$5,203$4,847
14 years$8,271$7,159$6,177$5,314$4,561$4,222
15 years$7,640$6,540$5,577$4,739$4,016$3,693
16 years$7,089$6,000$5,056$4,243$3,549$3,242
17 years$6,602$5,526$4,601$3,813$3,147$2,855
18 years$6,171$5,106$4,200$3,436$2,798$2,521
19 years$5,785$4,732$3,845$3,105$2,494$2,231
20 years$5,438$4,398$3,529$2,812$2,228$1,979
21 years$5,124$4,096$3,246$2,552$1,993$1,758
22 years$4,840$3,824$2,991$2,320$1,787$1,564
23 years$4,581$3,576$2,762$2,113$1,604$1,394
24 years$4,343$3,351$2,554$1,927$1,442$1,243
25 years$4,125$3,144$2,366$1,760$1,297$1,110
26 years$3,924$2,955$2,194$1,609$1,169$993
27 years$3,738$2,781$2,038$1,473$1,054$888
28 years$3,566$2,621$1,894$1,350$951$795
29 years$3,406$2,472$1,763$1,238$858$712
30 years$3,257$2,335$1,642$1,136$776$638
31 years$3,118$2,207$1,531$1,043$701$573
32 years$2,987$2,088$1,428$959$634$514
33 years$2,865$1,978$1,333$882$574$461
34 years$2,751$1,875$1,246$811$520$414
35 years$2,643$1,778$1,165$747$471$372
36 years$2,541$1,688$1,090$688$427$334
37 years$2,445$1,603$1,020$634$387$300
38 years$2,355$1,523$955$584$350$270
39 years$2,269$1,448$895$539$318$243
40 years$2,187$1,378$839$497$288$218
41 years$2,110$1,312$786$458$262$196
42 years$2,037$1,249$738$423$237$177
43 years$1,967$1,190$692$390$215$159
44 years$1,901$1,135$650$361$195$143
45 years$1,838$1,082$610$333$177$129
46 years$1,778$1,032$573$308$161$116
47 years$1,720$985$538$284$146$104
48 years$1,665$940$506$263$133$94
49 years$1,612$898$476$243$121$85
50 years$1,562$858$447$224$110$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,600,000, adding $6,434 every year, while hoping to spend $23,349 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: 33/38/29 Blend
43$1,600,000$1,600,000$1,600,000$1,600,000
44$1,769,837$1,685,037$1,660,237$1,812,495
45$1,925,517$1,742,760$1,691,011$1,903,294
46$2,096,294$1,802,530$1,722,035$1,998,571
47$2,283,683$1,864,421$1,753,290$2,100,806
48$2,489,353$1,928,512$1,784,759$2,210,631
49$2,715,143$1,994,885$1,816,425$2,328,743
50$2,963,077$2,063,624$1,848,264$2,455,905
51$3,235,386$2,134,817$1,880,257$2,592,958
52$3,534,529$2,208,556$1,912,379$2,740,824
53$3,863,212$2,284,936$1,944,605$2,900,518
54$4,224,418$2,364,056$1,976,907$3,073,156
55$4,621,432$2,446,018$2,009,257$3,259,966
56$5,057,874$2,530,930$2,041,623$3,462,297
57$5,537,733$2,618,901$2,073,973$3,681,634
58$6,065,402$2,710,047$2,106,271$3,919,609
59$6,645,722$2,804,489$2,138,480$4,178,021
60$7,284,026$2,902,350$2,170,561$4,458,846
61$7,986,192$3,003,760$2,202,469$4,764,260
62$8,758,693$3,108,853$2,234,162$5,096,659
63$9,608,663$3,217,771$2,265,590$5,458,677
64$10,543,963$3,330,658$2,296,703$5,853,217
65$11,573,253$3,447,665$2,327,448$6,283,472
66$12,706,075$3,568,951$2,357,768$6,752,959
67$13,952,944$3,694,679$2,387,602$7,265,548
68$15,325,445$3,825,019$2,416,888$7,825,501
69$16,836,344$3,960,149$2,445,558$8,437,512
70$18,499,708$4,100,253$2,473,540$9,106,748
71$20,331,036$4,245,523$2,500,762$9,838,900
72$22,347,406$4,396,159$2,527,142$10,640,235
73$24,567,639$4,552,367$2,552,598$11,517,654
74$27,012,470$4,714,365$2,577,042$12,478,759
75$29,704,750$4,882,377$2,600,381$13,531,921
76$32,669,658$5,056,638$2,622,518$14,686,361
77$35,934,941$5,237,390$2,643,349$15,952,236
78$39,531,171$5,424,888$2,662,768$17,340,732
79$43,492,039$5,619,396$2,680,659$18,864,173
80$47,854,669$5,821,189$2,696,903$20,536,133
81$52,659,970$6,030,552$2,711,374$22,371,566
82$57,953,021$6,247,784$2,723,940$24,386,945
83$63,783,499$6,473,195$2,734,461$26,600,416
84$70,206,143$6,707,108$2,742,792$29,031,972
85$77,281,272$6,949,859$2,748,779$31,703,636
86$85,075,360$7,201,800$2,752,261$34,639,674
87$93,661,653$7,463,295$2,753,068$37,866,817
88$103,120,870$7,734,724$2,751,024$41,414,519
89$113,541,957$8,016,484$2,745,941$45,315,227
90$125,022,931$8,308,987$2,737,625$49,604,693
91$137,671,806$8,612,663$2,725,871$54,322,307
92$151,607,606$8,927,960$2,710,464$59,511,468
93$166,961,497$9,255,344$2,691,179$65,219,995
94$183,878,016$9,595,303$2,667,781$71,500,573
95$202,516,444$9,948,343$2,640,021$78,411,254
96$223,052,301$10,314,992$2,607,642$86,016,002
97$245,679,011$10,695,801$2,570,373$94,385,295
98$270,609,719$11,091,344$2,527,929$103,596,790
99$298,079,309$11,502,219$2,480,014$113,736,054
100$328,346,621$11,929,051$2,426,317$124,897,374