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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$135,430$134,223$133,046$131,898$130,776$130,061
2 years$67,044$65,796$64,586$63,412$62,274$61,553
3 years$44,252$42,998$41,791$40,629$39,509$38,804
4 years$32,858$31,608$30,413$29,271$28,178$27,494
5 years$26,024$24,781$23,602$22,483$21,421$20,760
6 years$21,469$20,236$19,074$17,980$16,950$16,313
7 years$18,217$16,994$15,850$14,782$13,784$13,172
8 years$15,779$14,567$13,442$12,400$11,436$10,848
9 years$13,884$12,683$11,578$10,562$9,630$9,067
10 years$12,368$11,180$10,094$9,105$8,206$7,666
11 years$11,129$9,953$8,887$7,924$7,057$6,541
12 years$10,098$8,933$7,887$6,950$6,116$5,623
13 years$9,225$8,073$7,046$6,136$5,333$4,863
14 years$8,478$7,338$6,331$5,447$4,675$4,228
15 years$7,831$6,703$5,716$4,858$4,116$3,691
16 years$7,266$6,150$5,182$4,350$3,638$3,233
17 years$6,767$5,664$4,716$3,908$3,225$2,842
18 years$6,325$5,234$4,305$3,522$2,868$2,504
19 years$5,929$4,851$3,941$3,182$2,556$2,212
20 years$5,574$4,507$3,617$2,882$2,283$1,957
21 years$5,253$4,199$3,327$2,616$2,043$1,735
22 years$4,961$3,919$3,066$2,378$1,832$1,540
23 years$4,695$3,666$2,831$2,166$1,644$1,369
24 years$4,452$3,434$2,618$1,976$1,478$1,219
25 years$4,228$3,223$2,425$1,804$1,330$1,086
26 years$4,022$3,029$2,249$1,650$1,198$968
27 years$3,832$2,851$2,088$1,510$1,080$864
28 years$3,655$2,686$1,941$1,383$974$772
29 years$3,491$2,534$1,807$1,269$880$690
30 years$3,338$2,393$1,683$1,164$795$617
31 years$3,196$2,262$1,569$1,069$719$552
32 years$3,062$2,141$1,464$983$650$494
33 years$2,937$2,027$1,367$904$588$442
34 years$2,819$1,921$1,277$831$533$396
35 years$2,709$1,822$1,194$765$483$355
36 years$2,605$1,730$1,117$705$437$318
37 years$2,506$1,643$1,045$650$396$285
38 years$2,413$1,561$979$599$359$256
39 years$2,325$1,485$917$552$326$229
40 years$2,242$1,412$860$509$295$206
41 years$2,163$1,345$806$470$268$185
42 years$2,088$1,281$756$434$243$166
43 years$2,017$1,220$710$400$221$149
44 years$1,949$1,163$666$370$200$133
45 years$1,884$1,109$625$341$182$120
46 years$1,822$1,058$587$315$165$108
47 years$1,763$1,010$552$291$150$97
48 years$1,707$964$519$269$136$87
49 years$1,653$920$487$249$124$78
50 years$1,601$879$458$230$112$70

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 $4,587 every year, while hoping to spend $59,102 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: 67/19/14 Blend
43$1,640,000$1,640,000$1,640,000$1,640,000
44$1,812,011$1,725,091$1,699,671$1,927,244
45$1,933,953$1,746,737$1,693,726$2,026,300
46$2,066,351$1,767,462$1,685,601$2,127,173
47$2,210,210$1,787,160$1,675,161$2,235,974
48$2,366,636$1,805,715$1,662,263$2,353,475
49$2,536,843$1,823,005$1,646,759$2,480,527
50$2,722,169$1,838,900$1,628,493$2,618,071
51$2,924,085$1,853,261$1,607,302$2,767,140
52$3,144,210$1,865,939$1,583,016$2,928,876
53$3,384,327$1,876,778$1,555,454$3,104,539
54$3,646,397$1,885,609$1,524,431$3,295,517
55$3,932,580$1,892,254$1,489,749$3,503,339
56$4,245,253$1,896,523$1,451,205$3,729,694
57$4,587,031$1,898,216$1,408,583$3,976,442
58$4,960,797$1,897,117$1,361,660$4,245,637
59$5,369,723$1,893,000$1,310,200$4,539,541
60$5,817,301$1,885,624$1,253,958$4,860,650
61$6,307,379$1,874,732$1,192,678$5,211,716
62$6,844,190$1,860,053$1,126,092$5,595,773
63$7,432,400$1,841,298$1,053,918$6,016,168
64$8,077,146$1,818,162$975,866$6,476,590
65$8,784,085$1,790,323$891,627$6,981,108
66$9,559,448$1,757,435$800,884$7,534,209
67$10,410,100$1,719,137$703,301$8,140,839
68$11,343,598$1,675,043$598,530$8,806,454
69$12,368,272$1,624,747$486,207$9,537,067
70$13,493,292$1,567,816$365,951$10,339,311
71$14,728,763$1,503,794$237,366$11,220,498
72$16,085,815$1,432,198$100,036$12,188,689
73$17,576,711$1,352,518$0$13,252,774
74$19,214,957$1,264,214$0$14,429,504
75$21,015,435$1,166,713$0$15,739,132
76$22,994,539$1,059,411$0$17,178,685
77$25,170,331$941,672$0$18,761,369
78$27,562,710$812,819$0$20,501,744
79$30,193,600$672,140$0$22,415,852
80$33,087,154$518,881$0$24,521,378
81$36,269,985$352,248$0$26,837,813
82$39,771,415$171,400$0$29,386,637
83$43,623,751$0$0$32,191,526
84$47,862,588$0$0$35,283,709
85$52,527,147$0$0$38,726,002
86$57,660,642$0$0$42,514,475
87$63,310,689$0$0$46,684,282
88$69,529,753$0$0$51,274,159
89$76,375,645$0$0$56,326,788
90$83,912,065$0$0$61,889,200
91$92,209,202$0$0$68,013,215
92$101,344,397$0$0$74,755,936
93$111,402,872$0$0$82,180,284
94$122,478,535$0$0$90,355,592
95$134,674,861$0$0$99,358,258
96$148,105,872$0$0$109,272,468
97$162,897,214$0$0$120,190,986
98$179,187,336$0$0$132,216,035
99$197,128,800$0$0$145,460,253
100$216,889,720$0$0$160,047,765