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%18.8%
1 years$133,778$132,586$131,424$130,289$129,181$124,598
2 years$66,227$64,993$63,798$62,639$61,515$56,946
3 years$43,713$42,474$41,282$40,133$39,028$34,617
4 years$32,458$31,223$30,042$28,914$27,835$23,616
5 years$25,707$24,479$23,314$22,209$21,160$17,144
6 years$21,207$19,989$18,841$17,760$16,743$12,933
7 years$17,995$16,787$15,657$14,602$13,616$10,011
8 years$15,586$14,389$13,279$12,249$11,296$7,893
9 years$13,714$12,528$11,437$10,434$9,513$6,308
10 years$12,217$11,043$9,971$8,994$8,106$5,093
11 years$10,994$9,831$8,778$7,827$6,971$4,144
12 years$9,974$8,824$7,790$6,866$6,041$3,393
13 years$9,113$7,974$6,960$6,061$5,268$2,792
14 years$8,375$7,248$6,254$5,381$4,618$2,307
15 years$7,736$6,622$5,646$4,798$4,066$1,912
16 years$7,177$6,075$5,119$4,297$3,593$1,589
17 years$6,685$5,595$4,658$3,860$3,186$1,323
18 years$6,248$5,170$4,252$3,479$2,833$1,104
19 years$5,857$4,791$3,893$3,144$2,525$922
20 years$5,506$4,452$3,573$2,847$2,255$772
21 years$5,189$4,147$3,286$2,584$2,018$646
22 years$4,900$3,871$3,029$2,349$1,809$542
23 years$4,638$3,621$2,797$2,140$1,624$454
24 years$4,397$3,392$2,586$1,951$1,460$381
25 years$4,177$3,184$2,395$1,782$1,314$320
26 years$3,973$2,992$2,222$1,630$1,183$269
27 years$3,785$2,816$2,063$1,492$1,067$226
28 years$3,611$2,653$1,918$1,367$963$190
29 years$3,449$2,503$1,785$1,253$869$160
30 years$3,298$2,364$1,662$1,150$785$134
31 years$3,157$2,235$1,550$1,056$710$113
32 years$3,025$2,115$1,446$971$642$95
33 years$2,901$2,003$1,350$893$581$80
34 years$2,785$1,898$1,261$821$526$67
35 years$2,676$1,800$1,179$756$477$57
36 years$2,573$1,709$1,103$696$432$48
37 years$2,476$1,623$1,033$642$391$40
38 years$2,384$1,542$967$591$355$34
39 years$2,297$1,467$906$545$322$28
40 years$2,215$1,395$849$503$292$24
41 years$2,137$1,328$796$464$265$20
42 years$2,062$1,265$747$428$240$17
43 years$1,992$1,205$701$395$218$14
44 years$1,925$1,149$658$365$198$12
45 years$1,861$1,095$618$337$180$10
46 years$1,800$1,045$580$311$163$8
47 years$1,742$997$545$288$148$7
48 years$1,686$952$512$266$135$6
49 years$1,633$909$481$246$122$5
50 years$1,582$868$453$227$111$4

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 $3,662 every year, while hoping to spend $36,016 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: 52/23/25 Blend
43$1,620,000$1,620,000$1,620,000$1,620,000
44$1,789,017$1,703,157$1,678,047$1,869,390
45$1,933,176$1,748,291$1,695,941$1,970,572
46$2,090,833$1,794,430$1,713,227$2,076,601
47$2,263,324$1,841,584$1,729,848$2,191,207
48$2,452,126$1,889,764$1,745,740$2,315,222
49$2,658,861$1,938,980$1,760,840$2,449,562
50$2,885,316$1,989,242$1,775,080$2,595,235
51$3,133,460$2,040,556$1,788,387$2,753,352
52$3,405,461$2,092,931$1,800,685$2,925,140
53$3,703,706$2,146,373$1,811,896$3,111,945
54$4,030,825$2,200,886$1,821,936$3,315,256
55$4,389,714$2,256,475$1,830,716$3,536,711
56$4,783,564$2,313,141$1,838,144$3,778,113
57$5,215,889$2,370,887$1,844,123$4,041,453
58$5,690,559$2,429,710$1,848,551$4,328,922
59$6,211,840$2,489,609$1,851,321$4,642,936
60$6,784,428$2,550,580$1,852,320$4,986,155
61$7,413,497$2,612,616$1,851,431$5,361,515
62$8,104,749$2,675,710$1,848,529$5,772,246
63$8,864,463$2,739,849$1,843,485$6,221,914
64$9,699,559$2,805,022$1,836,162$6,714,442
65$10,617,659$2,871,213$1,826,418$7,254,160
66$11,627,160$2,938,402$1,814,103$7,845,837
67$12,737,315$3,006,569$1,799,060$8,494,728
68$13,958,317$3,075,687$1,781,125$9,206,627
69$15,301,399$3,145,729$1,760,125$9,987,919
70$16,778,933$3,216,662$1,735,882$10,845,640
71$18,404,556$3,288,449$1,708,205$11,787,546
72$20,193,288$3,361,050$1,676,897$12,822,185
73$22,161,682$3,434,420$1,641,752$13,958,978
74$24,327,975$3,508,509$1,602,552$15,208,307
75$26,712,263$3,583,261$1,559,073$16,581,617
76$29,336,688$3,658,615$1,511,076$18,091,519
77$32,225,647$3,734,504$1,458,314$19,751,915
78$35,406,024$3,810,855$1,400,528$21,578,125
79$38,907,439$3,887,588$1,337,446$23,587,035
80$42,762,534$3,964,616$1,268,787$25,797,256
81$47,007,275$4,041,844$1,194,254$28,229,297
82$51,681,293$4,119,170$1,113,537$30,905,765
83$56,828,257$4,196,482$1,026,313$33,851,575
84$62,496,289$4,273,660$932,244$37,094,185
85$68,738,415$4,350,573$830,978$40,663,858
86$75,613,063$4,427,081$722,146$44,593,950
87$83,184,621$4,503,033$605,363$48,921,220
88$91,524,037$4,578,266$480,227$53,686,181
89$100,709,492$4,652,605$346,319$58,933,484
90$110,827,139$4,725,862$203,200$64,712,340
91$121,971,913$4,797,834$50,412$71,076,984
92$134,248,426$4,868,306$0$78,087,187
93$147,771,958$4,937,046$0$85,838,872
94$162,669,541$5,003,804$0$94,390,897
95$179,081,160$5,068,317$0$103,809,951
96$197,161,073$5,130,299$0$114,184,363
97$217,079,267$5,189,448$0$125,611,465
98$239,023,061$5,245,440$0$138,198,522
99$263,198,876$5,297,929$0$152,063,735
100$289,834,181$5,346,548$0$167,337,364