Can I retire at age 44 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$137,081$135,860$134,669$133,506$132,371$128,546
2 years$67,862$66,598$65,373$64,186$63,034$59,210
3 years$44,792$43,523$42,301$41,124$39,991$36,289
4 years$33,259$31,994$30,784$29,628$28,522$24,970
5 years$26,341$25,083$23,890$22,757$21,682$18,290
6 years$21,731$20,483$19,306$18,199$17,156$13,927
7 years$18,439$17,201$16,044$14,962$13,953$10,886
8 years$15,971$14,745$13,606$12,552$11,575$8,669
9 years$14,053$12,838$11,719$10,691$9,748$7,000
10 years$12,519$11,316$10,217$9,216$8,306$5,712
11 years$11,265$10,074$8,995$8,021$7,143$4,700
12 years$10,221$9,042$7,983$7,035$6,190$3,892
13 years$9,338$8,171$7,132$6,211$5,398$3,240
14 years$8,582$7,427$6,408$5,513$4,732$2,708
15 years$7,927$6,785$5,786$4,917$4,166$2,272
16 years$7,354$6,225$5,246$4,403$3,682$1,911
17 years$6,850$5,733$4,773$3,956$3,265$1,612
18 years$6,402$5,298$4,357$3,565$2,903$1,362
19 years$6,002$4,910$3,989$3,221$2,587$1,153
20 years$5,642$4,562$3,661$2,917$2,311$977
21 years$5,317$4,250$3,367$2,648$2,068$829
22 years$5,021$3,967$3,104$2,407$1,854$704
23 years$4,752$3,710$2,866$2,192$1,664$598
24 years$4,506$3,476$2,650$2,000$1,496$509
25 years$4,280$3,262$2,455$1,826$1,346$433
26 years$4,071$3,066$2,276$1,670$1,212$369
27 years$3,878$2,885$2,114$1,528$1,093$314
28 years$3,700$2,719$1,965$1,400$986$268
29 years$3,534$2,565$1,829$1,284$891$228
30 years$3,379$2,422$1,703$1,179$805$195
31 years$3,235$2,290$1,588$1,082$728$166
32 years$3,099$2,167$1,482$995$658$142
33 years$2,973$2,052$1,383$915$596$121
34 years$2,854$1,945$1,293$842$539$103
35 years$2,742$1,845$1,208$775$488$88
36 years$2,636$1,751$1,131$714$443$75
37 years$2,537$1,663$1,058$657$401$64
38 years$2,443$1,580$991$606$364$55
39 years$2,354$1,503$928$559$330$47
40 years$2,269$1,430$870$515$299$40
41 years$2,189$1,361$816$475$271$34
42 years$2,113$1,296$765$439$246$29
43 years$2,041$1,235$718$405$223$25
44 years$1,972$1,177$674$374$203$21
45 years$1,907$1,123$633$345$184$18
46 years$1,844$1,071$595$319$167$15
47 years$1,785$1,022$559$295$152$13
48 years$1,727$976$525$272$138$11
49 years$1,673$932$493$252$125$10
50 years$1,621$890$464$233$114$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,660,000, adding $6,711 every year, while hoping to spend $58,319 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: 72/5/23 Blend
43$1,660,000$1,660,000$1,660,000$1,660,000
44$1,836,242$1,748,262$1,722,532$1,957,520
45$1,961,488$1,771,876$1,718,186$2,062,867
46$2,097,554$1,794,693$1,711,740$2,170,655
47$2,245,483$1,816,611$1,703,061$2,287,283
48$2,406,421$1,837,523$1,692,013$2,413,622
49$2,581,629$1,857,315$1,678,448$2,550,632
50$2,772,496$1,875,864$1,662,217$2,699,373
51$2,980,549$1,893,040$1,643,159$2,861,012
52$3,207,469$1,908,703$1,621,109$3,036,836
53$3,455,106$1,922,704$1,595,891$3,228,264
54$3,725,497$1,934,887$1,567,324$3,436,861
55$4,020,884$1,945,083$1,535,216$3,664,351
56$4,343,735$1,953,113$1,499,366$3,912,637
57$4,696,767$1,958,787$1,459,567$4,183,814
58$5,082,973$1,961,903$1,415,598$4,480,194
59$5,505,647$1,962,247$1,367,231$4,804,326
60$5,968,416$1,959,590$1,314,226$5,159,019
61$6,475,275$1,953,691$1,256,334$5,547,370
62$7,030,624$1,944,292$1,193,291$5,972,796
63$7,639,306$1,931,121$1,124,825$6,439,060
64$8,306,658$1,913,889$1,050,650$6,950,314
65$9,038,557$1,892,289$970,466$7,511,133
66$9,841,474$1,865,996$883,961$8,126,562
67$10,722,540$1,834,665$790,810$8,802,162
68$11,689,608$1,797,933$690,670$9,544,066
69$12,751,328$1,755,411$583,188$10,359,031
70$13,917,229$1,706,692$467,990$11,254,509
71$15,197,807$1,651,341$344,689$12,238,713
72$16,604,627$1,588,900$212,879$13,320,700
73$18,150,427$1,518,884$72,138$14,510,449
74$19,849,240$1,440,778$0$15,818,965
75$21,716,527$1,354,042$0$17,277,534
76$23,769,322$1,258,098$0$18,900,507
77$26,026,390$1,152,342$0$20,685,020
78$28,508,405$1,036,130$0$22,647,443
79$31,238,146$908,785$0$24,805,811
80$34,240,711$769,589$0$27,180,001
81$37,543,750$617,785$0$29,791,910
82$41,177,729$452,573$0$32,665,668
83$45,176,216$273,108$0$35,827,866
84$49,576,197$78,497$0$39,307,801
85$54,418,424$0$0$43,137,757
86$59,747,800$0$0$47,360,582
87$65,613,802$0$0$52,013,463
88$72,070,945$0$0$57,135,333
89$79,179,300$0$0$62,773,854
90$87,005,056$0$0$68,981,542
91$95,621,148$0$0$75,816,263
92$105,107,940$0$0$83,341,783
93$115,553,989$0$0$91,628,361
94$127,056,873$0$0$100,753,420
95$139,724,117$0$0$110,802,273
96$153,674,205$0$0$121,868,927
97$169,037,696$0$0$134,056,972
98$185,958,457$0$0$147,480,555
99$204,595,023$0$0$162,265,463
100$225,122,085$0$0$178,550,300