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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$133,778$132,586$131,424$130,289$129,181$126,573
2 years$66,227$64,993$63,798$62,639$61,515$58,898
3 years$43,713$42,474$41,282$40,133$39,028$36,485
4 years$32,458$31,223$30,042$28,914$27,835$25,385
5 years$25,707$24,479$23,314$22,209$21,160$18,810
6 years$21,207$19,989$18,841$17,760$16,743$14,496
7 years$17,995$16,787$15,657$14,602$13,616$11,473
8 years$15,586$14,389$13,279$12,249$11,296$9,255
9 years$13,714$12,528$11,437$10,434$9,513$7,573
10 years$12,217$11,043$9,971$8,994$8,106$6,264
11 years$10,994$9,831$8,778$7,827$6,971$5,227
12 years$9,974$8,824$7,790$6,866$6,041$4,391
13 years$9,113$7,974$6,960$6,061$5,268$3,710
14 years$8,375$7,248$6,254$5,381$4,618$3,148
15 years$7,736$6,622$5,646$4,798$4,066$2,682
16 years$7,177$6,075$5,119$4,297$3,593$2,292
17 years$6,685$5,595$4,658$3,860$3,186$1,964
18 years$6,248$5,170$4,252$3,479$2,833$1,686
19 years$5,857$4,791$3,893$3,144$2,525$1,451
20 years$5,506$4,452$3,573$2,847$2,255$1,250
21 years$5,189$4,147$3,286$2,584$2,018$1,079
22 years$4,900$3,871$3,029$2,349$1,809$932
23 years$4,638$3,621$2,797$2,140$1,624$806
24 years$4,397$3,392$2,586$1,951$1,460$698
25 years$4,177$3,184$2,395$1,782$1,314$604
26 years$3,973$2,992$2,222$1,630$1,183$524
27 years$3,785$2,816$2,063$1,492$1,067$454
28 years$3,611$2,653$1,918$1,367$963$394
29 years$3,449$2,503$1,785$1,253$869$342
30 years$3,298$2,364$1,662$1,150$785$297
31 years$3,157$2,235$1,550$1,056$710$258
32 years$3,025$2,115$1,446$971$642$224
33 years$2,901$2,003$1,350$893$581$195
34 years$2,785$1,898$1,261$821$526$169
35 years$2,676$1,800$1,179$756$477$147
36 years$2,573$1,709$1,103$696$432$128
37 years$2,476$1,623$1,033$642$391$111
38 years$2,384$1,542$967$591$355$97
39 years$2,297$1,467$906$545$322$84
40 years$2,215$1,395$849$503$292$73
41 years$2,137$1,328$796$464$265$64
42 years$2,062$1,265$747$428$240$55
43 years$1,992$1,205$701$395$218$48
44 years$1,925$1,149$658$365$198$42
45 years$1,861$1,095$618$337$180$36
46 years$1,800$1,045$580$311$163$32
47 years$1,742$997$545$288$148$28
48 years$1,686$952$512$266$135$24
49 years$1,633$909$481$246$122$21
50 years$1,582$868$453$227$111$18

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 $5,989 every year, while hoping to spend $26,203 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: 44/28/28 Blend
43$1,620,000$1,620,000$1,620,000$1,620,000
44$1,791,418$1,705,558$1,680,448$1,855,447
45$1,946,262$1,761,250$1,708,863$1,957,424
46$2,116,023$1,818,793$1,737,352$2,064,943
47$2,302,194$1,878,250$1,765,889$2,180,997
48$2,506,419$1,939,686$1,794,448$2,306,395
49$2,730,512$2,003,169$1,823,000$2,442,027
50$2,976,468$2,068,768$1,851,514$2,588,872
51$3,246,486$2,136,556$1,879,958$2,748,010
52$3,542,987$2,206,607$1,908,297$2,920,626
53$3,868,641$2,279,000$1,936,494$3,108,026
54$4,226,386$2,353,815$1,964,510$3,311,648
55$4,619,460$2,431,134$1,992,304$3,533,074
56$5,051,430$2,511,045$2,019,831$3,774,046
57$5,526,226$2,593,636$2,047,045$4,036,483
58$6,048,177$2,679,000$2,073,897$4,322,497
59$6,622,052$2,767,232$2,100,334$4,634,412
60$7,253,107$2,858,432$2,126,301$4,974,792
61$7,947,131$2,952,702$2,151,739$5,346,456
62$8,710,503$3,050,150$2,176,587$5,752,511
63$9,550,251$3,150,884$2,200,780$6,196,377
64$10,474,119$3,255,019$2,224,248$6,681,824
65$11,490,638$3,362,674$2,246,919$7,213,003
66$12,609,209$3,473,971$2,268,717$7,794,484
67$13,840,190$3,589,037$2,289,560$8,431,306
68$15,194,993$3,708,004$2,309,364$9,129,015
69$16,686,194$3,831,008$2,328,040$9,893,723
70$18,327,649$3,958,190$2,345,492$10,732,164
71$20,134,626$4,089,698$2,361,622$11,651,755
72$22,123,947$4,225,682$2,376,326$12,660,667
73$24,314,150$4,366,301$2,389,493$13,767,903
74$26,725,660$4,511,717$2,401,009$14,983,382
75$29,380,986$4,662,100$2,410,751$16,318,033
76$32,304,929$4,817,624$2,418,593$17,783,896
77$35,524,816$4,978,473$2,424,401$19,394,236
78$39,070,763$5,144,834$2,428,034$21,163,671
79$42,975,953$5,316,902$2,429,345$23,108,305
80$47,276,951$5,494,881$2,428,179$25,245,883
81$52,014,051$5,678,981$2,424,373$27,595,957
82$57,231,652$5,869,419$2,417,758$30,180,071
83$62,978,682$6,066,423$2,408,155$33,021,964
84$69,309,056$6,270,225$2,395,375$36,147,792
85$76,282,183$6,481,070$2,379,225$39,586,378
86$83,963,534$6,699,210$2,359,496$43,369,481
87$92,425,250$6,924,907$2,335,975$47,532,095
88$101,746,830$7,158,432$2,308,435$52,112,784
89$112,015,878$7,400,067$2,276,639$57,154,039
90$123,328,933$7,650,105$2,240,341$62,702,684
91$135,792,372$7,908,849$2,199,282$68,810,314
92$149,523,426$8,176,614$2,153,189$75,533,785
93$164,651,274$8,453,727$2,101,779$82,935,749
94$181,318,271$8,740,526$2,044,756$91,085,245
95$199,681,287$9,037,365$1,981,808$100,058,349
96$219,913,191$9,344,608$1,912,611$109,938,895
97$242,204,478$9,662,635$1,836,825$120,819,264
98$266,765,070$9,991,840$1,754,094$132,801,257
99$293,826,298$10,332,632$1,664,047$145,997,054
100$323,643,085$10,685,435$1,566,297$160,530,275