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

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$142,036$140,771$139,536$138,332$137,155$135,498
2 years$70,315$69,005$67,736$66,506$65,312$63,644
3 years$46,411$45,096$43,830$42,611$41,437$39,810
4 years$34,461$33,150$31,897$30,699$29,553$27,980
5 years$27,293$25,990$24,753$23,580$22,466$20,951
6 years$22,516$21,223$20,004$18,857$17,776$16,322
7 years$19,106$17,823$16,624$15,503$14,457$13,063
8 years$16,549$15,278$14,098$13,005$11,993$10,660
9 years$14,561$13,302$12,143$11,078$10,100$8,827
10 years$12,972$11,725$10,586$9,549$8,606$7,392
11 years$11,672$10,438$9,320$8,310$7,401$6,245
12 years$10,590$9,369$8,271$7,289$6,414$5,315
13 years$9,675$8,466$7,390$6,435$5,593$4,550
14 years$8,892$7,696$6,640$5,713$4,903$3,913
15 years$8,213$7,030$5,995$5,095$4,317$3,380
16 years$7,620$6,450$5,435$4,562$3,815$2,929
17 years$7,098$5,940$4,946$4,099$3,383$2,545
18 years$6,633$5,489$4,515$3,694$3,008$2,218
19 years$6,219$5,087$4,133$3,338$2,681$1,936
20 years$5,846$4,727$3,793$3,023$2,395$1,694
21 years$5,509$4,403$3,489$2,743$2,143$1,484
22 years$5,203$4,110$3,216$2,494$1,921$1,302
23 years$4,924$3,844$2,969$2,272$1,724$1,143
24 years$4,669$3,602$2,746$2,072$1,550$1,005
25 years$4,434$3,380$2,543$1,892$1,395$884
26 years$4,218$3,177$2,359$1,730$1,256$779
27 years$4,019$2,990$2,190$1,584$1,133$686
28 years$3,834$2,817$2,036$1,451$1,022$605
29 years$3,661$2,658$1,895$1,331$923$534
30 years$3,501$2,510$1,765$1,221$834$471
31 years$3,352$2,373$1,645$1,121$754$416
32 years$3,212$2,245$1,535$1,031$682$368
33 years$3,080$2,126$1,433$948$617$325
34 years$2,957$2,015$1,339$872$559$287
35 years$2,841$1,911$1,252$803$506$254
36 years$2,732$1,814$1,171$739$459$224
37 years$2,629$1,723$1,096$681$416$198
38 years$2,531$1,637$1,027$628$377$176
39 years$2,439$1,557$962$579$342$155
40 years$2,352$1,481$902$534$310$137
41 years$2,269$1,410$845$493$281$122
42 years$2,190$1,343$793$455$255$108
43 years$2,115$1,280$744$420$232$95
44 years$2,044$1,220$699$388$210$84
45 years$1,976$1,163$656$358$191$75
46 years$1,911$1,110$616$331$173$66
47 years$1,849$1,059$579$305$157$59
48 years$1,790$1,011$544$282$143$52
49 years$1,733$965$511$261$130$46
50 years$1,679$922$481$241$118$41

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 $4,656 every year, while hoping to spend $58,732 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: 59/17/24 Blend
43$1,720,000$1,720,000$1,720,000$1,720,000
44$1,900,243$1,809,083$1,782,423$1,999,858
45$2,031,577$1,835,237$1,779,643$2,094,375
46$2,174,339$1,860,705$1,774,803$2,190,688
47$2,329,632$1,885,390$1,767,769$2,294,469
48$2,498,671$1,909,191$1,758,406$2,406,457
49$2,682,791$1,931,997$1,746,568$2,527,465
50$2,883,464$1,953,692$1,732,106$2,658,390
51$3,102,306$1,974,152$1,714,860$2,800,224
52$3,341,099$1,993,243$1,694,666$2,954,059
53$3,601,803$2,010,824$1,671,349$3,121,103
54$3,886,576$2,026,744$1,644,729$3,302,686
55$4,197,794$2,040,842$1,614,614$3,500,277
56$4,538,072$2,052,946$1,580,807$3,715,497
57$4,910,289$2,062,874$1,543,098$3,950,135
58$5,317,617$2,070,433$1,501,270$4,206,162
59$5,763,546$2,075,416$1,455,094$4,485,757
60$6,251,921$2,077,605$1,404,333$4,791,321
61$6,786,976$2,076,767$1,348,737$5,125,504
62$7,373,373$2,072,654$1,288,046$5,491,228
63$8,016,248$2,065,005$1,221,986$5,891,718
64$8,721,256$2,053,541$1,150,273$6,330,531
65$9,494,626$2,037,967$1,072,610$6,811,592
66$10,343,220$2,017,969$988,684$7,339,228
67$11,274,595$1,993,216$898,172$7,918,213
68$12,297,076$1,963,355$800,732$8,553,814
69$13,419,832$1,928,015$696,012$9,251,838
70$14,652,966$1,886,799$583,639$10,018,691
71$16,007,606$1,839,289$463,228$10,861,439
72$17,496,010$1,785,042$334,374$11,787,872
73$19,131,683$1,723,590$196,656$12,806,584
74$20,929,504$1,654,435$49,634$13,927,051
75$22,905,865$1,577,053$0$15,159,722
76$25,078,822$1,490,888$0$16,543,590
77$27,468,274$1,395,353$0$18,079,244
78$30,096,138$1,289,826$0$19,768,100
79$32,986,567$1,173,650$0$21,625,742
80$36,166,169$1,046,131$0$23,669,346
81$39,664,263$906,536$0$25,917,843
82$43,513,150$754,088$0$28,392,095
83$47,748,422$587,969$0$31,115,097
84$52,409,295$407,314$0$34,112,190
85$57,538,979$211,208$0$37,411,305
86$63,185,085$0$0$41,043,224
87$69,400,073$0$0$45,042,119
88$76,241,748$0$0$49,487,906
89$83,773,805$0$0$54,382,486
90$92,066,426$0$0$59,771,487
91$101,196,947$0$0$65,705,189
92$111,250,584$0$0$72,238,994
93$122,321,235$0$0$79,433,952
94$134,512,369$0$0$87,357,333
95$147,938,002$0$0$96,083,263
96$162,723,769$0$0$105,693,427
97$179,008,111$0$0$116,277,831
98$196,943,581$0$0$127,935,661
99$216,698,284$0$0$140,776,210
100$238,457,459$0$0$154,919,915