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%13.5%
1 years$160,203$158,776$157,384$156,025$154,698$152,449
2 years$79,309$77,832$76,400$75,012$73,666$71,405
3 years$52,347$50,864$49,436$48,061$46,737$44,534
4 years$38,869$37,390$35,977$34,625$33,333$31,205
5 years$30,784$29,314$27,919$26,596$25,339$23,293
6 years$25,396$23,937$22,563$21,269$20,050$18,088
7 years$21,549$20,103$18,750$17,486$16,306$14,428
8 years$18,665$17,232$15,901$14,669$13,527$11,733
9 years$16,423$15,003$13,696$12,494$11,392$9,681
10 years$14,631$13,225$11,940$10,770$9,707$8,078
11 years$13,165$11,773$10,512$9,373$8,348$6,800
12 years$11,945$10,567$9,329$8,222$7,234$5,764
13 years$10,913$9,549$8,335$7,259$6,308$4,915
14 years$10,029$8,680$7,489$6,443$5,530$4,211
15 years$9,264$7,929$6,762$5,746$4,869$3,622
16 years$8,595$7,275$6,130$5,145$4,303$3,126
17 years$8,005$6,700$5,578$4,623$3,816$2,705
18 years$7,482$6,191$5,092$4,166$3,393$2,347
19 years$7,014$5,738$4,662$3,765$3,024$2,040
20 years$6,593$5,332$4,278$3,409$2,701$1,776
21 years$6,213$4,967$3,935$3,094$2,417$1,549
22 years$5,868$4,636$3,627$2,813$2,167$1,353
23 years$5,554$4,336$3,349$2,562$1,945$1,183
24 years$5,266$4,063$3,097$2,337$1,748$1,035
25 years$5,002$3,813$2,869$2,134$1,573$906
26 years$4,758$3,583$2,660$1,951$1,417$794
27 years$4,533$3,372$2,470$1,786$1,277$697
28 years$4,324$3,178$2,297$1,637$1,153$611
29 years$4,130$2,998$2,137$1,501$1,041$537
30 years$3,949$2,831$1,991$1,377$940$471
31 years$3,780$2,676$1,856$1,265$850$414
32 years$3,622$2,532$1,732$1,163$769$364
33 years$3,474$2,398$1,617$1,069$696$320
34 years$3,335$2,273$1,511$984$630$282
35 years$3,204$2,156$1,412$905$571$248
36 years$3,081$2,046$1,321$834$517$218
37 years$2,965$1,943$1,237$768$469$192
38 years$2,855$1,847$1,158$708$425$169
39 years$2,751$1,756$1,085$653$385$149
40 years$2,652$1,671$1,017$602$350$131
41 years$2,559$1,591$954$556$317$115
42 years$2,470$1,515$894$513$288$101
43 years$2,385$1,443$839$473$261$89
44 years$2,305$1,376$788$437$237$79
45 years$2,228$1,312$740$404$215$69
46 years$2,155$1,251$695$373$195$61
47 years$2,086$1,194$653$345$177$54
48 years$2,019$1,140$613$318$161$47
49 years$1,955$1,089$577$294$146$42
50 years$1,894$1,040$542$272$133$37

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 $3,932 every year, while hoping to spend $21,530 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: 78/9/13 Blend
43$1,940,000$1,940,000$1,940,000$1,940,000
44$2,141,936$2,039,116$2,009,046$2,303,202
45$2,337,506$2,116,125$2,053,441$2,486,923
46$2,552,302$2,196,186$2,098,602$2,685,243
47$2,788,263$2,279,425$2,144,532$2,902,161
48$3,047,524$2,365,975$2,191,232$3,139,525
49$3,332,438$2,455,975$2,238,705$3,399,371
50$3,645,597$2,549,567$2,286,951$3,683,940
51$3,989,855$2,646,903$2,335,971$3,995,700
52$4,368,358$2,748,139$2,385,764$4,337,371
53$4,784,572$2,853,439$2,436,328$4,711,946
54$5,242,314$2,962,974$2,487,662$5,122,723
55$5,745,793$3,076,923$2,539,761$5,573,335
56$6,299,643$3,195,471$2,592,622$6,067,783
57$6,908,970$3,318,812$2,646,238$6,610,474
58$7,579,401$3,447,151$2,700,604$7,206,264
59$8,317,137$3,580,698$2,755,711$7,860,499
60$9,129,008$3,719,675$2,811,550$8,579,072
61$10,022,541$3,864,313$2,868,111$9,368,473
62$11,006,028$4,014,853$2,925,381$10,235,852
63$12,088,609$4,171,547$2,983,348$11,189,084
64$13,280,352$4,334,657$3,041,995$12,236,849
65$14,592,352$4,504,460$3,101,306$13,388,707
66$16,036,835$4,681,241$3,161,262$14,655,190
67$17,627,270$4,865,300$3,221,842$16,047,903
68$19,378,503$5,056,950$3,283,025$17,579,632
69$21,306,888$5,256,519$3,344,784$19,264,464
70$23,430,450$5,464,348$3,407,094$21,117,920
71$25,769,048$5,680,793$3,469,924$23,157,100
72$28,344,567$5,906,228$3,533,242$25,400,846
73$31,181,122$6,141,042$3,597,015$27,869,920
74$34,305,286$6,385,643$3,661,204$30,587,195
75$37,746,340$6,640,455$3,725,770$33,577,876
76$41,536,553$6,905,923$3,790,669$36,869,735
77$45,711,480$7,182,512$3,855,855$40,493,373
78$50,310,303$7,470,707$3,921,279$44,482,507
79$55,376,198$7,771,015$3,986,885$48,874,292
80$60,956,742$8,083,967$4,052,618$53,709,665
81$67,104,366$8,410,118$4,118,417$59,033,738
82$73,876,844$8,750,046$4,184,216$64,896,216
83$81,337,840$9,104,357$4,249,946$71,351,873
84$89,557,514$9,473,684$4,315,533$78,461,063
85$98,613,176$9,858,690$4,380,899$86,290,292
86$108,590,020$10,260,066$4,445,959$94,912,843
87$119,581,928$10,678,536$4,510,625$104,409,471
88$131,692,357$11,114,856$4,574,803$114,869,162
89$145,035,311$11,569,818$4,638,393$126,389,970
90$159,736,422$12,044,248$4,701,289$139,079,948
91$175,934,133$12,539,012$4,763,378$153,058,162
92$193,781,006$13,055,014$4,824,541$168,455,818
93$213,445,159$13,593,201$4,884,654$185,417,498
94$235,111,858$14,154,561$4,943,583$204,102,524
95$258,985,263$14,740,129$5,001,188$224,686,462
96$285,290,352$15,350,988$5,057,321$247,362,779
97$314,275,052$15,988,270$5,111,825$272,344,665
98$346,212,571$16,653,159$5,164,534$299,867,053
99$381,403,983$17,346,893$5,215,276$330,188,825
100$420,181,067$18,070,769$5,263,866$363,595,266