Can I retire at age 44 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$160,203$158,776$157,384$156,025$154,698$151,823
2 years$79,309$77,832$76,400$75,012$73,666$70,780
3 years$52,347$50,864$49,436$48,061$46,737$43,930
4 years$38,869$37,390$35,977$34,625$33,333$30,627
5 years$30,784$29,314$27,919$26,596$25,339$22,742
6 years$25,396$23,937$22,563$21,269$20,050$17,564
7 years$21,549$20,103$18,750$17,486$16,306$13,932
8 years$18,665$17,232$15,901$14,669$13,527$11,265
9 years$16,423$15,003$13,696$12,494$11,392$9,240
10 years$14,631$13,225$11,940$10,770$9,707$7,662
11 years$13,165$11,773$10,512$9,373$8,348$6,409
12 years$11,945$10,567$9,329$8,222$7,234$5,399
13 years$10,913$9,549$8,335$7,259$6,308$4,573
14 years$10,029$8,680$7,489$6,443$5,530$3,892
15 years$9,264$7,929$6,762$5,746$4,869$3,324
16 years$8,595$7,275$6,130$5,145$4,303$2,849
17 years$8,005$6,700$5,578$4,623$3,816$2,448
18 years$7,482$6,191$5,092$4,166$3,393$2,108
19 years$7,014$5,738$4,662$3,765$3,024$1,819
20 years$6,593$5,332$4,278$3,409$2,701$1,572
21 years$6,213$4,967$3,935$3,094$2,417$1,361
22 years$5,868$4,636$3,627$2,813$2,167$1,179
23 years$5,554$4,336$3,349$2,562$1,945$1,023
24 years$5,266$4,063$3,097$2,337$1,748$888
25 years$5,002$3,813$2,869$2,134$1,573$772
26 years$4,758$3,583$2,660$1,951$1,417$671
27 years$4,533$3,372$2,470$1,786$1,277$584
28 years$4,324$3,178$2,297$1,637$1,153$508
29 years$4,130$2,998$2,137$1,501$1,041$443
30 years$3,949$2,831$1,991$1,377$940$386
31 years$3,780$2,676$1,856$1,265$850$336
32 years$3,622$2,532$1,732$1,163$769$293
33 years$3,474$2,398$1,617$1,069$696$255
34 years$3,335$2,273$1,511$984$630$223
35 years$3,204$2,156$1,412$905$571$194
36 years$3,081$2,046$1,321$834$517$169
37 years$2,965$1,943$1,237$768$469$148
38 years$2,855$1,847$1,158$708$425$129
39 years$2,751$1,756$1,085$653$385$113
40 years$2,652$1,671$1,017$602$350$98
41 years$2,559$1,591$954$556$317$86
42 years$2,470$1,515$894$513$288$75
43 years$2,385$1,443$839$473$261$65
44 years$2,305$1,376$788$437$237$57
45 years$2,228$1,312$740$404$215$50
46 years$2,155$1,251$695$373$195$44
47 years$2,086$1,194$653$345$177$38
48 years$2,019$1,140$613$318$161$33
49 years$1,955$1,089$577$294$146$29
50 years$1,894$1,040$542$272$133$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,940,000, adding $5,345 every year, while hoping to spend $29,831 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: 37/43/20 Blend
43$1,940,000$1,940,000$1,940,000$1,940,000
44$2,143,393$2,040,573$2,010,503$2,209,599
45$2,330,280$2,108,822$2,046,115$2,326,386
46$2,535,228$2,179,414$2,081,920$2,449,260
47$2,760,051$2,252,434$2,117,894$2,581,369
48$3,006,741$2,327,969$2,154,008$2,723,561
49$3,277,496$2,406,107$2,190,235$2,876,765
50$3,574,737$2,486,942$2,226,544$3,042,003
51$3,901,128$2,570,571$2,262,902$3,220,400
52$4,259,608$2,657,093$2,299,273$3,413,191
53$4,653,410$2,746,612$2,335,621$3,621,733
54$5,086,098$2,839,237$2,371,905$3,847,522
55$5,561,599$2,935,079$2,408,083$4,092,198
56$6,084,238$3,034,253$2,444,109$4,357,569
57$6,658,779$3,136,881$2,479,936$4,645,623
58$7,290,473$3,243,086$2,515,512$4,958,545
59$7,985,104$3,353,000$2,550,784$5,298,741
60$8,749,043$3,466,756$2,585,694$5,668,858
61$9,589,312$3,584,494$2,620,182$6,071,811
62$10,513,647$3,706,358$2,654,183$6,510,804
63$11,530,569$3,832,501$2,687,628$6,989,367
64$12,649,471$3,963,077$2,720,447$7,511,385
65$13,880,698$4,098,249$2,752,564$8,081,134
66$15,235,651$4,238,185$2,783,896$8,703,322
67$16,726,892$4,383,060$2,814,361$9,383,132
68$18,368,262$4,533,057$2,843,869$10,126,272
69$20,175,010$4,688,362$2,872,324$10,939,025
70$22,163,943$4,849,173$2,899,628$11,828,311
71$24,353,575$5,015,693$2,925,676$12,801,750
72$26,764,311$5,188,133$2,950,358$13,867,734
73$29,418,632$5,366,713$2,973,556$15,035,505
74$32,341,311$5,551,660$2,995,148$16,315,242
75$35,559,645$5,743,213$3,015,007$17,718,155
76$39,103,715$5,941,616$3,032,995$19,256,592
77$43,006,664$6,147,126$3,048,971$20,944,153
78$47,305,018$6,360,008$3,062,785$22,795,821
79$52,039,021$6,580,540$3,074,280$24,828,097
80$57,253,022$6,809,008$3,083,290$27,059,159
81$62,995,892$7,045,710$3,089,641$29,509,033
82$69,321,480$7,290,957$3,093,151$32,199,777
83$76,289,128$7,545,072$3,093,629$35,155,695
84$83,964,228$7,808,389$3,090,875$38,403,558
85$92,418,837$8,081,257$3,084,676$41,972,861
86$101,732,359$8,364,040$3,074,813$45,896,099
87$111,992,294$8,657,112$3,061,054$50,209,071
88$123,295,064$8,960,867$3,043,156$54,951,218
89$135,746,923$9,275,712$3,020,864$60,165,997
90$149,464,959$9,602,071$2,993,912$65,901,285
91$164,578,197$9,940,385$2,962,021$72,209,833
92$181,228,821$10,291,112$2,924,897$79,149,760
93$199,573,514$10,654,730$2,882,234$86,785,105
94$219,784,936$11,031,735$2,833,712$95,186,427
95$242,053,352$11,422,643$2,778,995$104,431,467
96$266,588,433$11,827,992$2,717,730$114,605,887
97$293,621,230$12,248,340$2,649,551$125,804,072
98$323,406,357$12,684,270$2,574,072$138,130,022
99$356,224,393$13,136,387$2,490,891$151,698,329
100$392,384,533$13,605,321$2,399,587$166,635,264