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%13.4%
1 years$142,036$140,771$139,536$138,332$137,155$135,217
2 years$70,315$69,005$67,736$66,506$65,312$63,363
3 years$46,411$45,096$43,830$42,611$41,437$39,538
4 years$34,461$33,150$31,897$30,699$29,553$27,719
5 years$27,293$25,990$24,753$23,580$22,466$20,701
6 years$22,516$21,223$20,004$18,857$17,776$16,084
7 years$19,106$17,823$16,624$15,503$14,457$12,837
8 years$16,549$15,278$14,098$13,005$11,993$10,445
9 years$14,561$13,302$12,143$11,078$10,100$8,624
10 years$12,972$11,725$10,586$9,549$8,606$7,200
11 years$11,672$10,438$9,320$8,310$7,401$6,064
12 years$10,590$9,369$8,271$7,289$6,414$5,144
13 years$9,675$8,466$7,390$6,435$5,593$4,389
14 years$8,892$7,696$6,640$5,713$4,903$3,763
15 years$8,213$7,030$5,995$5,095$4,317$3,239
16 years$7,620$6,450$5,435$4,562$3,815$2,797
17 years$7,098$5,940$4,946$4,099$3,383$2,422
18 years$6,633$5,489$4,515$3,694$3,008$2,103
19 years$6,219$5,087$4,133$3,338$2,681$1,829
20 years$5,846$4,727$3,793$3,023$2,395$1,594
21 years$5,509$4,403$3,489$2,743$2,143$1,391
22 years$5,203$4,110$3,216$2,494$1,921$1,216
23 years$4,924$3,844$2,969$2,272$1,724$1,064
24 years$4,669$3,602$2,746$2,072$1,550$932
25 years$4,434$3,380$2,543$1,892$1,395$816
26 years$4,218$3,177$2,359$1,730$1,256$716
27 years$4,019$2,990$2,190$1,584$1,133$629
28 years$3,834$2,817$2,036$1,451$1,022$552
29 years$3,661$2,658$1,895$1,331$923$485
30 years$3,501$2,510$1,765$1,221$834$426
31 years$3,352$2,373$1,645$1,121$754$375
32 years$3,212$2,245$1,535$1,031$682$330
33 years$3,080$2,126$1,433$948$617$290
34 years$2,957$2,015$1,339$872$559$255
35 years$2,841$1,911$1,252$803$506$225
36 years$2,732$1,814$1,171$739$459$198
37 years$2,629$1,723$1,096$681$416$174
38 years$2,531$1,637$1,027$628$377$154
39 years$2,439$1,557$962$579$342$135
40 years$2,352$1,481$902$534$310$119
41 years$2,269$1,410$845$493$281$105
42 years$2,190$1,343$793$455$255$93
43 years$2,115$1,280$744$420$232$82
44 years$2,044$1,220$699$388$210$72
45 years$1,976$1,163$656$358$191$63
46 years$1,911$1,110$616$331$173$56
47 years$1,849$1,059$579$305$157$49
48 years$1,790$1,011$544$282$143$43
49 years$1,733$965$511$261$130$38
50 years$1,679$922$481$241$118$34

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 $6,766 every year, while hoping to spend $23,562 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: 70/15/15 Blend
43$1,720,000$1,720,000$1,720,000$1,720,000
44$1,902,419$1,811,259$1,784,599$2,028,601
45$2,071,396$1,874,941$1,819,313$2,177,036
46$2,256,819$1,940,954$1,854,401$2,335,964
47$2,460,340$2,009,386$1,889,849$2,509,292
48$2,683,781$2,080,332$1,925,645$2,698,437
49$2,929,146$2,153,887$1,961,773$2,904,959
50$3,198,643$2,230,153$1,998,217$3,130,574
51$3,494,708$2,309,233$2,034,961$3,377,175
52$3,820,020$2,391,237$2,071,983$3,646,843
53$4,177,532$2,476,278$2,109,265$3,941,871
54$4,570,499$2,564,474$2,146,784$4,264,785
55$5,002,504$2,655,948$2,184,516$4,618,364
56$5,477,497$2,750,827$2,222,435$5,005,671
57$5,999,829$2,849,244$2,260,513$5,430,080
58$6,574,292$2,951,338$2,298,721$5,895,305
59$7,206,169$3,057,253$2,337,028$6,405,438
60$7,901,279$3,167,139$2,375,398$6,964,986
61$8,666,032$3,281,151$2,413,797$7,578,915
62$9,507,493$3,399,453$2,452,184$8,252,692
63$10,433,445$3,522,214$2,490,520$8,992,343
64$11,452,464$3,649,610$2,528,760$9,804,504
65$12,573,999$3,781,825$2,566,858$10,696,485
66$13,808,462$3,919,050$2,604,763$11,676,342
67$15,167,326$4,061,484$2,642,423$12,752,947
68$16,663,232$4,209,335$2,679,783$13,936,076
69$18,310,109$4,362,820$2,716,783$15,236,498
70$20,123,304$4,522,162$2,753,360$16,666,079
71$22,119,731$4,687,598$2,789,447$18,237,892
72$24,318,025$4,859,372$2,824,975$19,966,341
73$26,738,720$5,037,738$2,859,868$21,867,293
74$29,404,445$5,222,962$2,894,048$23,958,234
75$32,340,132$5,415,320$2,927,433$26,258,429
76$35,573,256$5,615,102$2,959,933$28,789,103
77$39,134,094$5,822,608$2,991,457$31,573,644
78$43,056,007$6,038,151$3,021,906$34,637,823
79$47,375,758$6,262,058$3,051,177$38,010,032
80$52,133,856$6,494,670$3,079,163$41,721,559
81$57,374,942$6,736,342$3,105,747$45,806,877
82$63,148,207$6,987,444$3,130,811$50,303,972
83$69,507,857$7,248,361$3,154,226$55,254,699
84$76,513,625$7,519,498$3,175,860$60,705,181
85$84,231,335$7,801,273$3,195,571$66,706,237
86$92,733,521$8,094,125$3,213,212$73,313,867
87$102,100,113$8,398,510$3,228,627$80,589,777
88$112,419,192$8,714,905$3,241,654$88,601,962
89$123,787,821$9,043,806$3,252,120$97,425,348
90$136,312,958$9,385,733$3,259,847$107,142,499
91$150,112,472$9,741,225$3,264,643$117,844,391
92$165,316,247$10,110,848$3,266,311$129,631,277
93$182,067,414$10,495,190$3,264,643$142,613,629
94$200,523,701$10,894,865$3,259,420$156,913,182
95$220,858,920$11,310,515$3,250,412$172,664,078
96$243,264,608$11,742,808$3,237,379$190,014,138
97$267,951,836$12,192,444$3,220,068$209,126,254
98$295,153,200$12,660,149$3,198,217$230,179,924
99$325,125,016$13,146,687$3,171,547$253,372,947
100$358,149,742$13,652,849$3,139,769$278,923,293