Can I retire at age 44 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$133,778$132,586$131,424$130,289$129,181$125,046
2 years$66,227$64,993$63,798$62,639$61,515$57,387
3 years$43,713$42,474$41,282$40,133$39,028$35,036
4 years$32,458$31,223$30,042$28,914$27,835$24,011
5 years$25,707$24,479$23,314$22,209$21,160$17,513
6 years$21,207$19,989$18,841$17,760$16,743$13,277
7 years$17,995$16,787$15,657$14,602$13,616$10,331
8 years$15,586$14,389$13,279$12,249$11,296$8,189
9 years$13,714$12,528$11,437$10,434$9,513$6,580
10 years$12,217$11,043$9,971$8,994$8,106$5,343
11 years$10,994$9,831$8,778$7,827$6,971$4,373
12 years$9,974$8,824$7,790$6,866$6,041$3,602
13 years$9,113$7,974$6,960$6,061$5,268$2,982
14 years$8,375$7,248$6,254$5,381$4,618$2,479
15 years$7,736$6,622$5,646$4,798$4,066$2,068
16 years$7,177$6,075$5,119$4,297$3,593$1,730
17 years$6,685$5,595$4,658$3,860$3,186$1,450
18 years$6,248$5,170$4,252$3,479$2,833$1,218
19 years$5,857$4,791$3,893$3,144$2,525$1,025
20 years$5,506$4,452$3,573$2,847$2,255$863
21 years$5,189$4,147$3,286$2,584$2,018$728
22 years$4,900$3,871$3,029$2,349$1,809$614
23 years$4,638$3,621$2,797$2,140$1,624$519
24 years$4,397$3,392$2,586$1,951$1,460$439
25 years$4,177$3,184$2,395$1,782$1,314$371
26 years$3,973$2,992$2,222$1,630$1,183$314
27 years$3,785$2,816$2,063$1,492$1,067$266
28 years$3,611$2,653$1,918$1,367$963$225
29 years$3,449$2,503$1,785$1,253$869$190
30 years$3,298$2,364$1,662$1,150$785$161
31 years$3,157$2,235$1,550$1,056$710$137
32 years$3,025$2,115$1,446$971$642$116
33 years$2,901$2,003$1,350$893$581$98
34 years$2,785$1,898$1,261$821$526$83
35 years$2,676$1,800$1,179$756$477$71
36 years$2,573$1,709$1,103$696$432$60
37 years$2,476$1,623$1,033$642$391$51
38 years$2,384$1,542$967$591$355$43
39 years$2,297$1,467$906$545$322$36
40 years$2,215$1,395$849$503$292$31
41 years$2,137$1,328$796$464$265$26
42 years$2,062$1,265$747$428$240$22
43 years$1,992$1,205$701$395$218$19
44 years$1,925$1,149$658$365$198$16
45 years$1,861$1,095$618$337$180$14
46 years$1,800$1,045$580$311$163$11
47 years$1,742$997$545$288$148$10
48 years$1,686$952$512$266$135$8
49 years$1,633$909$481$246$122$7
50 years$1,582$868$453$227$111$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,620,000, adding $4,544 every year, while hoping to spend $46,652 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: 65/8/27 Blend
43$1,620,000$1,620,000$1,620,000$1,620,000
44$1,789,927$1,704,067$1,678,957$1,893,263
45$1,922,862$1,737,929$1,685,565$1,997,476
46$2,067,793$1,771,887$1,690,830$2,105,733
47$2,225,895$1,805,895$1,694,659$2,223,031
48$2,398,458$1,839,907$1,696,953$2,350,265
49$2,586,908$1,873,869$1,697,608$2,488,420
50$2,792,809$1,907,725$1,696,514$2,638,583
51$3,017,886$1,941,414$1,693,558$2,801,953
52$3,264,037$1,974,870$1,688,619$2,979,850
53$3,533,354$2,008,024$1,681,572$3,173,731
54$3,828,136$2,040,797$1,672,286$3,385,202
55$4,150,920$2,073,110$1,660,621$3,616,033
56$4,504,495$2,104,874$1,646,433$3,868,174
57$4,891,936$2,135,995$1,629,571$4,143,779
58$5,316,627$2,166,373$1,609,875$4,445,218
59$5,782,297$2,195,899$1,587,180$4,775,108
60$6,293,051$2,224,458$1,561,310$5,136,330
61$6,853,413$2,251,926$1,532,084$5,532,064
62$7,468,363$2,278,173$1,499,311$5,965,814
63$8,143,389$2,303,056$1,462,791$6,441,442
64$8,884,535$2,326,426$1,422,315$6,963,208
65$9,698,459$2,348,123$1,377,664$7,535,807
66$10,592,496$2,367,975$1,328,610$8,164,414
67$11,574,726$2,385,801$1,274,914$8,854,736
68$12,654,050$2,401,408$1,216,326$9,613,061
69$13,840,275$2,414,588$1,152,584$10,446,326
70$15,144,202$2,425,122$1,083,415$11,362,173
71$16,577,735$2,432,778$1,008,534$12,369,029
72$18,153,987$2,437,306$927,642$13,476,184
73$19,887,404$2,438,444$840,429$14,693,875
74$21,793,903$2,435,912$746,567$16,033,392
75$23,891,022$2,429,413$645,718$17,507,176
76$26,198,082$2,418,630$537,525$19,128,942
77$28,736,373$2,403,229$421,619$20,913,808
78$31,529,352$2,382,856$297,611$22,878,440
79$34,602,863$2,357,133$165,099$25,041,205
80$37,985,383$2,325,661$23,658$27,422,351
81$41,708,292$2,288,018$0$30,044,196
82$45,806,162$2,243,755$0$32,968,009
83$50,317,088$2,192,397$0$36,193,891
84$55,283,048$2,133,441$0$39,745,046
85$60,750,295$2,066,356$0$43,654,558
86$66,769,795$1,990,577$0$47,958,886
87$73,397,708$1,905,509$0$52,698,207
88$80,695,915$1,810,520$0$57,916,792
89$88,732,606$1,704,944$0$63,663,429
90$97,582,920$1,588,074$0$69,991,878
91$107,329,653$1,459,164$0$76,961,384
92$118,064,040$1,317,426$0$84,637,230
93$129,886,618$1,162,026$0$93,091,359
94$142,908,171$992,083$0$102,403,052
95$157,250,775$806,665$0$112,659,671
96$173,048,952$604,791$0$123,957,492
97$190,450,940$385,420$0$136,402,607
98$209,620,087$147,457$0$150,111,930
99$230,736,396$0$0$165,214,298
100$253,998,223$0$0$181,861,396