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%17.8%
1 years$142,036$140,771$139,536$138,332$137,155$132,818
2 years$70,315$69,005$67,736$66,506$65,312$60,982
3 years$46,411$45,096$43,830$42,611$41,437$37,249
4 years$34,461$33,150$31,897$30,699$29,553$25,540
5 years$27,293$25,990$24,753$23,580$22,466$18,638
6 years$22,516$21,223$20,004$18,857$17,776$14,138
7 years$19,106$17,823$16,624$15,503$14,457$11,007
8 years$16,549$15,278$14,098$13,005$11,993$8,730
9 years$14,561$13,302$12,143$11,078$10,100$7,019
10 years$12,972$11,725$10,586$9,549$8,606$5,703
11 years$11,672$10,438$9,320$8,310$7,401$4,671
12 years$10,590$9,369$8,271$7,289$6,414$3,850
13 years$9,675$8,466$7,390$6,435$5,593$3,190
14 years$8,892$7,696$6,640$5,713$4,903$2,654
15 years$8,213$7,030$5,995$5,095$4,317$2,215
16 years$7,620$6,450$5,435$4,562$3,815$1,854
17 years$7,098$5,940$4,946$4,099$3,383$1,556
18 years$6,633$5,489$4,515$3,694$3,008$1,307
19 years$6,219$5,087$4,133$3,338$2,681$1,101
20 years$5,846$4,727$3,793$3,023$2,395$928
21 years$5,509$4,403$3,489$2,743$2,143$783
22 years$5,203$4,110$3,216$2,494$1,921$661
23 years$4,924$3,844$2,969$2,272$1,724$559
24 years$4,669$3,602$2,746$2,072$1,550$473
25 years$4,434$3,380$2,543$1,892$1,395$400
26 years$4,218$3,177$2,359$1,730$1,256$339
27 years$4,019$2,990$2,190$1,584$1,133$287
28 years$3,834$2,817$2,036$1,451$1,022$243
29 years$3,661$2,658$1,895$1,331$923$206
30 years$3,501$2,510$1,765$1,221$834$175
31 years$3,352$2,373$1,645$1,121$754$148
32 years$3,212$2,245$1,535$1,031$682$126
33 years$3,080$2,126$1,433$948$617$107
34 years$2,957$2,015$1,339$872$559$90
35 years$2,841$1,911$1,252$803$506$77
36 years$2,732$1,814$1,171$739$459$65
37 years$2,629$1,723$1,096$681$416$55
38 years$2,531$1,637$1,027$628$377$47
39 years$2,439$1,557$962$579$342$40
40 years$2,352$1,481$902$534$310$34
41 years$2,269$1,410$845$493$281$29
42 years$2,190$1,343$793$455$255$24
43 years$2,115$1,280$744$420$232$21
44 years$2,044$1,220$699$388$210$18
45 years$1,976$1,163$656$358$191$15
46 years$1,911$1,110$616$331$173$13
47 years$1,849$1,059$579$305$157$11
48 years$1,790$1,011$544$282$143$9
49 years$1,733$965$511$261$130$8
50 years$1,679$922$481$241$118$7

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 $2,119 every year, while hoping to spend $38,563 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: 61/29/10 Blend
43$1,720,000$1,720,000$1,720,000$1,720,000
44$1,897,626$1,806,466$1,779,806$2,008,935
45$2,050,153$1,853,952$1,798,399$2,131,282
46$2,216,945$1,902,472$1,816,322$2,260,119
47$2,399,417$1,952,037$1,833,512$2,399,742
48$2,599,126$2,002,655$1,849,903$2,551,193
49$2,817,787$2,054,335$1,865,425$2,715,620
50$3,057,288$2,107,085$1,880,003$2,894,287
51$3,319,709$2,160,909$1,893,561$3,088,587
52$3,607,340$2,215,814$1,906,016$3,300,053
53$3,922,704$2,271,804$1,917,282$3,530,372
54$4,268,578$2,328,881$1,927,270$3,781,403
55$4,648,023$2,387,046$1,935,883$4,055,194
56$5,064,408$2,446,299$1,943,023$4,354,001
57$5,521,447$2,506,637$1,948,583$4,680,307
58$6,023,229$2,568,056$1,952,455$5,036,849
59$6,574,258$2,630,551$1,954,522$5,426,641
60$7,179,497$2,694,112$1,954,663$5,853,005
61$7,844,413$2,758,731$1,952,751$6,319,598
62$8,575,027$2,824,392$1,948,652$6,830,452
63$9,377,973$2,891,081$1,942,226$7,390,007
64$10,260,562$2,958,780$1,933,326$8,003,156
65$11,230,845$3,027,465$1,921,798$8,675,288
66$12,297,693$3,097,113$1,907,480$9,412,345
67$13,470,881$3,167,695$1,890,204$10,220,869
68$14,761,177$3,239,178$1,869,791$11,108,072
69$16,180,445$3,311,526$1,846,058$12,081,899
70$17,741,758$3,384,699$1,818,809$13,151,106
71$19,459,519$3,458,650$1,787,840$14,325,339
72$21,349,596$3,533,330$1,752,939$15,615,229
73$23,429,476$3,608,684$1,713,883$17,032,491
74$25,718,423$3,684,650$1,670,439$18,590,032
75$28,237,665$3,761,161$1,622,362$20,302,077
76$31,010,593$3,838,145$1,569,397$22,184,302
77$34,062,979$3,915,519$1,511,278$24,253,978
78$37,423,222$3,993,199$1,447,724$26,530,141
79$41,122,613$4,071,088$1,378,446$29,033,767
80$45,195,632$4,149,083$1,303,136$31,787,972
81$49,680,272$4,227,074$1,221,476$34,818,228
82$54,618,398$4,304,939$1,133,134$38,152,607
83$60,056,141$4,382,547$1,037,760$41,822,043
84$66,044,333$4,459,758$934,991$45,860,628
85$72,638,989$4,536,420$824,447$50,305,930
86$79,901,831$4,612,370$705,731$55,199,350
87$87,900,873$4,687,431$578,429$60,586,512
88$96,711,063$4,761,416$442,107$66,517,695
89$106,414,988$4,834,122$296,314$73,048,309
90$117,103,654$4,905,331$140,578$80,239,415
91$128,877,346$4,974,811$0$88,158,305
92$141,846,571$5,042,313$0$96,881,870
93$156,133,106$5,107,571$0$106,505,285
94$171,871,139$5,170,298$0$117,103,653
95$189,208,544$5,230,192$0$128,776,285
96$208,308,271$5,286,927$0$141,632,619
97$229,349,884$5,340,156$0$155,793,257
98$252,531,259$5,389,509$0$171,391,101
99$278,070,445$5,434,593$0$188,572,610
100$306,207,730$5,474,988$0$207,499,182