Can I retire at age 44 with 1,720,000?

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 $1,720,000?

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$142,036$140,771$139,536$138,332$137,155$136,405
2 years$70,315$69,005$67,736$66,506$65,312$64,555
3 years$46,411$45,096$43,830$42,611$41,437$40,696
4 years$34,461$33,150$31,897$30,699$29,553$28,835
5 years$27,293$25,990$24,753$23,580$22,466$21,772
6 years$22,516$21,223$20,004$18,857$17,776$17,108
7 years$19,106$17,823$16,624$15,503$14,457$13,815
8 years$16,549$15,278$14,098$13,005$11,993$11,377
9 years$14,561$13,302$12,143$11,078$10,100$9,509
10 years$12,972$11,725$10,586$9,549$8,606$8,040
11 years$11,672$10,438$9,320$8,310$7,401$6,861
12 years$10,590$9,369$8,271$7,289$6,414$5,897
13 years$9,675$8,466$7,390$6,435$5,593$5,101
14 years$8,892$7,696$6,640$5,713$4,903$4,434
15 years$8,213$7,030$5,995$5,095$4,317$3,871
16 years$7,620$6,450$5,435$4,562$3,815$3,391
17 years$7,098$5,940$4,946$4,099$3,383$2,980
18 years$6,633$5,489$4,515$3,694$3,008$2,626
19 years$6,219$5,087$4,133$3,338$2,681$2,319
20 years$5,846$4,727$3,793$3,023$2,395$2,053
21 years$5,509$4,403$3,489$2,743$2,143$1,820
22 years$5,203$4,110$3,216$2,494$1,921$1,615
23 years$4,924$3,844$2,969$2,272$1,724$1,436
24 years$4,669$3,602$2,746$2,072$1,550$1,278
25 years$4,434$3,380$2,543$1,892$1,395$1,139
26 years$4,218$3,177$2,359$1,730$1,256$1,016
27 years$4,019$2,990$2,190$1,584$1,133$906
28 years$3,834$2,817$2,036$1,451$1,022$810
29 years$3,661$2,658$1,895$1,331$923$724
30 years$3,501$2,510$1,765$1,221$834$647
31 years$3,352$2,373$1,645$1,121$754$579
32 years$3,212$2,245$1,535$1,031$682$518
33 years$3,080$2,126$1,433$948$617$464
34 years$2,957$2,015$1,339$872$559$416
35 years$2,841$1,911$1,252$803$506$372
36 years$2,732$1,814$1,171$739$459$334
37 years$2,629$1,723$1,096$681$416$299
38 years$2,531$1,637$1,027$628$377$268
39 years$2,439$1,557$962$579$342$241
40 years$2,352$1,481$902$534$310$216
41 years$2,269$1,410$845$493$281$194
42 years$2,190$1,343$793$455$255$174
43 years$2,115$1,280$744$420$232$156
44 years$2,044$1,220$699$388$210$140
45 years$1,976$1,163$656$358$191$126
46 years$1,911$1,110$616$331$173$113
47 years$1,849$1,059$579$305$157$101
48 years$1,790$1,011$544$282$143$91
49 years$1,733$965$511$261$130$82
50 years$1,679$922$481$241$118$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,720,000, adding $4,882 every year, while hoping to spend $42,966 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: 50/43/7 Blend
43$1,720,000$1,720,000$1,720,000$1,720,000
44$1,900,476$1,809,316$1,782,656$1,991,882
45$2,048,609$1,852,257$1,796,659$2,097,662
46$2,210,411$1,895,862$1,809,692$2,207,534
47$2,387,232$1,940,118$1,821,676$2,325,903
48$2,580,557$1,985,011$1,832,529$2,453,574
49$2,792,020$2,030,523$1,842,165$2,591,434
50$3,023,423$2,076,635$1,850,493$2,740,460
51$3,276,746$2,123,324$1,857,420$2,901,728
52$3,554,174$2,170,567$1,862,843$3,076,422
53$3,858,111$2,218,336$1,866,659$3,265,847
54$4,191,204$2,266,600$1,868,758$3,471,441
55$4,556,368$2,315,325$1,869,023$3,694,786
56$4,956,815$2,364,473$1,867,333$3,937,626
57$5,396,083$2,414,005$1,863,561$4,201,882
58$5,878,067$2,463,874$1,857,573$4,489,672
59$6,407,057$2,514,032$1,849,230$4,803,327
60$6,987,782$2,564,425$1,838,384$5,145,418
61$7,625,448$2,614,993$1,824,882$5,518,776
62$8,325,790$2,665,675$1,808,562$5,926,520
63$9,095,128$2,716,400$1,789,256$6,372,091
64$9,940,421$2,767,093$1,766,786$6,859,275
65$10,869,338$2,817,675$1,740,968$7,392,250
66$11,890,327$2,868,058$1,711,607$7,975,616
67$13,012,695$2,918,147$1,678,500$8,614,445
68$14,246,696$2,967,842$1,641,435$9,314,326
69$15,603,625$3,017,033$1,600,190$10,081,418
70$17,095,931$3,065,603$1,554,532$10,922,509
71$18,737,324$3,113,426$1,504,217$11,845,081
72$20,542,914$3,160,368$1,448,992$12,857,380
73$22,529,348$3,206,282$1,388,590$13,968,493
74$24,714,966$3,251,014$1,322,732$15,188,437
75$27,119,977$3,294,399$1,251,128$16,528,251
76$29,766,649$3,336,258$1,173,475$18,000,102
77$32,679,514$3,376,402$1,089,453$19,617,400
78$35,885,607$3,414,628$998,732$21,394,925
79$39,414,713$3,450,719$900,964$23,348,968
80$43,299,655$3,484,446$795,788$25,497,483
81$47,576,597$3,515,561$682,824$27,860,258
82$52,285,390$3,543,803$561,678$30,459,105
83$57,469,942$3,568,891$431,937$33,318,061
84$63,178,639$3,590,530$293,170$36,463,623
85$69,464,796$3,608,402$144,927$39,924,992
86$76,387,163$3,622,171$0$43,734,353
87$84,010,474$3,631,479$0$47,928,171
88$92,406,066$3,635,945$0$52,556,167
89$101,652,544$3,635,165$0$57,650,636
90$111,836,526$3,628,711$0$63,259,111
91$123,053,460$3,616,126$0$69,433,977
92$135,408,524$3,596,927$0$76,232,969
93$149,017,618$3,570,601$0$83,719,718
94$164,008,459$3,536,604$0$91,964,349
95$180,521,783$3,494,359$0$101,044,149
96$198,712,677$3,443,255$0$111,044,294
97$218,752,039$3,382,643$0$122,058,657
98$240,828,191$3,311,837$0$134,190,693
99$265,148,660$3,230,110$0$147,554,423
100$291,942,130$3,136,693$0$162,275,503