Can I retire at age 44 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$135,430$134,223$133,046$131,898$130,776$129,626
2 years$67,044$65,796$64,586$63,412$62,274$61,116
3 years$44,252$42,998$41,791$40,629$39,509$38,378
4 years$32,858$31,608$30,413$29,271$28,178$27,083
5 years$26,024$24,781$23,602$22,483$21,421$20,364
6 years$21,469$20,236$19,074$17,980$16,950$15,933
7 years$18,217$16,994$15,850$14,782$13,784$12,809
8 years$15,779$14,567$13,442$12,400$11,436$10,501
9 years$13,884$12,683$11,578$10,562$9,630$8,736
10 years$12,368$11,180$10,094$9,105$8,206$7,351
11 years$11,129$9,953$8,887$7,924$7,057$6,242
12 years$10,098$8,933$7,887$6,950$6,116$5,339
13 years$9,225$8,073$7,046$6,136$5,333$4,594
14 years$8,478$7,338$6,331$5,447$4,675$3,972
15 years$7,831$6,703$5,716$4,858$4,116$3,449
16 years$7,266$6,150$5,182$4,350$3,638$3,006
17 years$6,767$5,664$4,716$3,908$3,225$2,627
18 years$6,325$5,234$4,305$3,522$2,868$2,302
19 years$5,929$4,851$3,941$3,182$2,556$2,021
20 years$5,574$4,507$3,617$2,882$2,283$1,778
21 years$5,253$4,199$3,327$2,616$2,043$1,567
22 years$4,961$3,919$3,066$2,378$1,832$1,383
23 years$4,695$3,666$2,831$2,166$1,644$1,222
24 years$4,452$3,434$2,618$1,976$1,478$1,081
25 years$4,228$3,223$2,425$1,804$1,330$957
26 years$4,022$3,029$2,249$1,650$1,198$848
27 years$3,832$2,851$2,088$1,510$1,080$752
28 years$3,655$2,686$1,941$1,383$974$668
29 years$3,491$2,534$1,807$1,269$880$593
30 years$3,338$2,393$1,683$1,164$795$527
31 years$3,196$2,262$1,569$1,069$719$468
32 years$3,062$2,141$1,464$983$650$416
33 years$2,937$2,027$1,367$904$588$370
34 years$2,819$1,921$1,277$831$533$330
35 years$2,709$1,822$1,194$765$483$293
36 years$2,605$1,730$1,117$705$437$261
37 years$2,506$1,643$1,045$650$396$233
38 years$2,413$1,561$979$599$359$207
39 years$2,325$1,485$917$552$326$184
40 years$2,242$1,412$860$509$295$164
41 years$2,163$1,345$806$470$268$146
42 years$2,088$1,281$756$434$243$131
43 years$2,017$1,220$710$400$221$116
44 years$1,949$1,163$666$370$200$104
45 years$1,884$1,109$625$341$182$92
46 years$1,822$1,058$587$315$165$82
47 years$1,763$1,010$552$291$150$73
48 years$1,707$964$519$269$136$65
49 years$1,653$920$487$249$124$58
50 years$1,601$879$458$230$112$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,640,000, adding $6,509 every year, while hoping to spend $25,283 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: 62/17/21 Blend
43$1,640,000$1,640,000$1,640,000$1,640,000
44$1,813,994$1,727,074$1,701,654$1,916,173
45$1,972,121$1,784,800$1,731,759$2,043,682
46$2,145,529$1,844,507$1,762,024$2,179,444
47$2,335,750$1,906,265$1,792,430$2,327,092
48$2,544,473$1,970,148$1,822,952$2,487,787
49$2,773,555$2,036,231$1,853,567$2,662,807
50$3,025,044$2,104,593$1,884,248$2,853,560
51$3,301,196$2,175,316$1,914,968$3,061,595
52$3,604,494$2,248,483$1,945,696$3,288,618
53$3,937,676$2,324,182$1,976,400$3,536,507
54$4,303,757$2,402,505$2,007,047$3,807,333
55$4,706,058$2,483,545$2,037,601$4,103,372
56$5,148,238$2,567,401$2,068,022$4,427,134
57$5,634,328$2,654,173$2,098,271$4,781,383
58$6,168,770$2,743,968$2,128,304$5,169,163
59$6,756,457$2,836,895$2,158,074$5,593,827
60$7,402,780$2,933,067$2,187,534$6,059,068
61$8,113,678$3,032,603$2,216,632$6,568,954
62$8,895,697$3,135,623$2,245,312$7,127,966
63$9,756,045$3,242,256$2,273,517$7,741,040
64$10,702,669$3,352,634$2,301,187$8,413,616
65$11,744,320$3,466,892$2,328,256$9,151,685
66$12,890,644$3,585,173$2,354,656$9,961,846
67$14,152,268$3,707,624$2,380,315$10,851,371
68$15,540,901$3,834,400$2,405,157$11,828,272
69$17,069,445$3,965,658$2,429,102$12,901,375
70$18,752,117$4,101,563$2,452,066$14,080,404
71$20,604,582$4,242,289$2,473,958$15,376,073
72$22,644,100$4,388,011$2,494,687$16,800,188
73$24,889,691$4,538,917$2,514,152$18,365,755
74$27,362,313$4,695,198$2,532,249$20,087,106
75$30,085,059$4,857,053$2,548,870$21,980,030
76$33,083,377$5,024,691$2,563,899$24,061,926
77$36,385,308$5,198,326$2,577,216$26,351,966
78$40,021,749$5,378,184$2,588,692$28,871,272
79$44,026,749$5,564,496$2,598,195$31,643,121
80$48,437,826$5,757,506$2,605,584$34,693,160
81$53,296,325$5,957,464$2,610,711$38,049,649
82$58,647,802$6,164,632$2,613,422$41,743,729
83$64,542,460$6,379,281$2,613,554$45,809,712
84$71,035,620$6,601,695$2,610,937$50,285,410
85$78,188,242$6,832,167$2,605,392$55,212,487
86$86,067,501$7,071,001$2,596,732$60,636,854
87$94,747,423$7,318,517$2,584,759$66,609,103
88$104,309,579$7,575,044$2,569,267$73,184,980
89$114,843,860$7,840,924$2,550,041$80,425,916
90$126,449,321$8,116,517$2,526,855$88,399,606
91$139,235,117$8,402,191$2,499,470$97,180,643
92$153,321,535$8,698,335$2,467,638$106,851,228
93$168,841,128$9,005,350$2,431,100$117,501,940
94$185,939,964$9,323,653$2,389,583$129,232,597
95$204,779,009$9,653,680$2,342,803$142,153,191
96$225,535,641$9,995,883$2,290,459$156,384,930
97$248,405,328$10,350,733$2,232,241$172,061,384
98$273,603,472$10,718,720$2,167,822$189,329,741
99$301,367,442$11,100,354$2,096,861$208,352,196
100$331,958,815$11,496,164$2,018,999$229,307,487