Can I retire at age 44 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$143,688$142,408$141,159$139,940$138,750$137,415
2 years$71,132$69,808$68,524$67,279$66,071$64,727
3 years$46,951$45,620$44,339$43,106$41,918$40,606
4 years$34,862$33,536$32,268$31,056$29,897$28,626
5 years$27,611$26,292$25,041$23,854$22,727$21,502
6 years$22,778$21,470$20,237$19,076$17,983$16,805
7 years$19,328$18,030$16,817$15,683$14,625$13,495
8 years$16,741$15,455$14,262$13,156$12,133$11,051
9 years$14,730$13,457$12,284$11,206$10,218$9,183
10 years$13,122$11,861$10,709$9,660$8,706$7,718
11 years$11,808$10,559$9,428$8,407$7,487$6,545
12 years$10,713$9,478$8,367$7,374$6,488$5,591
13 years$9,788$8,565$7,476$6,510$5,658$4,805
14 years$8,995$7,785$6,717$5,779$4,960$4,149
15 years$8,309$7,112$6,065$5,154$4,367$3,598
16 years$7,709$6,525$5,498$4,615$3,860$3,131
17 years$7,180$6,009$5,003$4,146$3,422$2,733
18 years$6,711$5,553$4,567$3,737$3,043$2,391
19 years$6,291$5,146$4,181$3,376$2,712$2,097
20 years$5,914$4,782$3,837$3,058$2,423$1,842
21 years$5,573$4,455$3,530$2,775$2,168$1,621
22 years$5,263$4,158$3,253$2,523$1,943$1,428
23 years$4,981$3,889$3,004$2,298$1,744$1,260
24 years$4,723$3,644$2,778$2,096$1,568$1,113
25 years$4,486$3,419$2,573$1,914$1,411$984
26 years$4,267$3,214$2,386$1,750$1,271$871
27 years$4,065$3,025$2,216$1,602$1,146$771
28 years$3,878$2,850$2,060$1,468$1,034$683
29 years$3,704$2,689$1,917$1,346$934$606
30 years$3,542$2,539$1,786$1,235$843$537
31 years$3,391$2,400$1,665$1,135$763$477
32 years$3,249$2,271$1,553$1,043$690$423
33 years$3,116$2,151$1,450$959$624$376
34 years$2,991$2,039$1,355$882$565$334
35 years$2,874$1,934$1,267$812$512$297
36 years$2,764$1,835$1,185$748$464$264
37 years$2,659$1,743$1,109$689$420$234
38 years$2,561$1,656$1,039$635$381$208
39 years$2,467$1,575$973$586$346$185
40 years$2,379$1,499$912$540$313$165
41 years$2,295$1,427$855$498$284$147
42 years$2,215$1,359$802$460$258$130
43 years$2,139$1,294$753$425$234$116
44 years$2,067$1,234$707$392$213$103
45 years$1,999$1,177$664$362$193$92
46 years$1,933$1,122$623$334$175$82
47 years$1,871$1,071$585$309$159$73
48 years$1,811$1,023$550$286$145$65
49 years$1,754$977$517$264$131$58
50 years$1,699$933$486$244$119$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,740,000, adding $6,551 every year, while hoping to spend $21,349 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: 37/33/30 Blend
43$1,740,000$1,740,000$1,740,000$1,740,000
44$1,924,237$1,832,017$1,805,047$1,978,001
45$2,097,794$1,899,071$1,842,801$2,085,570
46$2,288,339$1,968,695$1,881,104$2,199,285
47$2,497,581$2,040,992$1,919,953$2,321,721
48$2,727,404$2,116,071$1,959,341$2,453,680
49$2,979,883$2,194,043$1,999,264$2,596,046
50$3,257,306$2,275,025$2,039,713$2,749,789
51$3,562,190$2,359,141$2,080,683$2,915,977
52$3,897,311$2,446,516$2,122,163$3,095,782
53$4,265,725$2,537,283$2,164,144$3,290,493
54$4,670,800$2,631,581$2,206,613$3,501,528
55$5,116,247$2,729,554$2,249,560$3,730,445
56$5,606,153$2,831,351$2,292,970$3,978,961
57$6,145,024$2,937,131$2,336,828$4,248,960
58$6,737,821$3,047,055$2,381,116$4,542,518
59$7,390,013$3,161,295$2,425,818$4,861,917
60$8,107,624$3,280,028$2,470,912$5,209,670
61$8,897,292$3,403,439$2,516,378$5,588,540
62$9,766,331$3,531,723$2,562,191$6,001,569
63$10,722,799$3,665,080$2,608,327$6,452,106
64$11,775,577$3,803,721$2,654,758$6,943,834
65$12,934,448$3,947,865$2,701,455$7,480,812
66$14,210,193$4,097,743$2,748,386$8,067,503
67$15,614,692$4,253,591$2,795,516$8,708,824
68$17,161,035$4,415,661$2,842,809$9,410,188
69$18,863,644$4,584,212$2,890,227$10,177,552
70$20,738,412$4,759,516$2,937,727$11,017,479
71$22,802,854$4,941,855$2,985,264$11,937,193
72$25,076,266$5,131,527$3,032,792$12,944,651
73$27,579,913$5,328,840$3,080,258$14,048,615
74$30,337,227$5,534,116$3,127,610$15,258,733
75$33,374,029$5,747,692$3,174,789$16,585,632
76$36,718,769$5,969,918$3,221,734$18,041,016
77$40,402,802$6,201,163$3,268,380$19,637,776
78$44,460,675$6,441,807$3,314,658$21,390,109
79$48,930,461$6,692,253$3,360,496$23,313,655
80$53,854,111$6,952,916$3,405,816$25,425,641
81$59,277,854$7,224,233$3,450,534$27,745,040
82$65,252,634$7,506,659$3,494,566$30,292,756
83$71,834,587$7,800,670$3,537,819$33,091,814
84$79,085,575$8,106,762$3,580,195$36,167,579
85$87,073,764$8,425,454$3,621,593$39,547,994
86$95,874,275$8,757,289$3,661,903$43,263,842
87$105,569,887$9,102,831$3,701,012$47,349,036
88$116,251,818$9,462,673$3,738,799$51,840,937
89$128,020,591$9,837,431$3,775,136$56,780,707
90$140,986,978$10,227,752$3,809,890$62,213,694
91$155,273,048$10,634,310$3,842,919$68,189,859
92$171,013,316$11,057,809$3,874,075$74,764,250
93$188,356,019$11,498,986$3,903,201$81,997,512
94$207,464,506$11,958,610$3,930,131$89,956,468
95$228,518,789$12,437,484$3,954,694$98,714,738
96$251,717,235$12,936,450$3,976,705$108,353,439
97$277,278,442$13,456,386$3,995,974$118,961,949
98$305,443,303$13,998,209$4,012,300$130,638,744
99$336,477,278$14,562,879$4,025,469$143,492,328
100$370,672,899$15,151,398$4,035,261$157,642,259