Can I retire at age 44 with 1,950,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$161,029$159,595$158,195$156,829$155,496$149,979
2 years$79,717$78,233$76,794$75,399$74,046$68,546
3 years$52,617$51,126$49,691$48,309$46,978$41,668
4 years$39,070$37,583$36,162$34,804$33,505$28,426
5 years$30,943$29,466$28,063$26,733$25,470$20,636
6 years$25,527$24,061$22,679$21,378$20,153$15,567
7 years$21,660$20,206$18,847$17,576$16,390$12,051
8 years$18,761$17,320$15,983$14,744$13,597$9,501
9 years$16,508$15,081$13,767$12,559$11,451$7,593
10 years$14,706$13,293$12,002$10,826$9,757$6,130
11 years$13,233$11,834$10,566$9,422$8,391$4,988
12 years$12,006$10,621$9,377$8,264$7,271$4,085
13 years$10,969$9,599$8,378$7,296$6,341$3,361
14 years$10,081$8,725$7,528$6,477$5,558$2,777
15 years$9,312$7,970$6,797$5,776$4,894$2,302
16 years$8,639$7,313$6,162$5,172$4,325$1,913
17 years$8,047$6,735$5,607$4,647$3,835$1,593
18 years$7,520$6,223$5,119$4,188$3,410$1,329
19 years$7,050$5,768$4,686$3,784$3,039$1,110
20 years$6,627$5,359$4,300$3,427$2,715$929
21 years$6,245$4,992$3,956$3,110$2,430$778
22 years$5,899$4,660$3,646$2,828$2,178$652
23 years$5,583$4,358$3,366$2,575$1,955$547
24 years$5,293$4,084$3,113$2,349$1,757$459
25 years$5,027$3,832$2,883$2,145$1,581$385
26 years$4,782$3,602$2,674$1,961$1,424$324
27 years$4,556$3,390$2,483$1,795$1,284$272
28 years$4,346$3,194$2,308$1,645$1,159$228
29 years$4,151$3,013$2,148$1,508$1,046$192
30 years$3,969$2,846$2,001$1,384$945$162
31 years$3,800$2,690$1,865$1,271$855$136
32 years$3,641$2,545$1,741$1,169$773$114
33 years$3,492$2,410$1,625$1,075$700$96
34 years$3,352$2,285$1,518$989$633$81
35 years$3,221$2,167$1,420$910$574$68
36 years$3,097$2,057$1,328$838$520$57
37 years$2,980$1,953$1,243$772$471$48
38 years$2,870$1,856$1,164$712$427$41
39 years$2,765$1,765$1,091$656$387$34
40 years$2,666$1,679$1,022$605$351$29
41 years$2,572$1,599$958$559$319$24
42 years$2,483$1,523$899$515$289$20
43 years$2,398$1,451$844$476$262$17
44 years$2,317$1,383$792$439$238$14
45 years$2,240$1,319$744$406$216$12
46 years$2,166$1,258$698$375$196$10
47 years$2,096$1,200$656$346$178$9
48 years$2,029$1,146$617$320$162$7
49 years$1,965$1,094$580$296$147$6
50 years$1,904$1,045$545$273$134$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,950,000, adding $5,664 every year, while hoping to spend $29,565 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: 42/33/25 Blend
43$1,950,000$1,950,000$1,950,000$1,950,000
44$2,154,742$2,051,392$2,021,167$2,229,257
45$2,343,069$2,120,454$2,057,420$2,352,209
46$2,549,614$2,191,908$2,093,895$2,482,033
47$2,776,205$2,265,842$2,130,571$2,622,047
48$3,024,854$2,342,344$2,167,421$2,773,206
49$3,297,777$2,421,507$2,204,418$2,936,562
50$3,597,417$2,503,427$2,241,532$3,113,271
51$3,926,463$2,588,204$2,278,733$3,304,604
52$4,287,878$2,675,942$2,315,986$3,511,959
53$4,684,926$2,766,748$2,353,256$3,736,876
54$5,121,203$2,860,733$2,390,505$3,981,047
55$5,600,671$2,958,014$2,427,692$4,246,336
56$6,127,693$3,058,711$2,464,773$4,534,793
57$6,707,077$3,162,947$2,501,703$4,848,674
58$7,344,122$3,270,854$2,538,432$5,190,464
59$8,044,661$3,382,565$2,574,909$5,562,898
60$8,815,126$3,498,220$2,611,078$5,968,984
61$9,662,601$3,617,965$2,646,881$6,412,038
62$10,594,890$3,741,949$2,682,255$6,895,709
63$11,620,594$3,870,330$2,717,136$7,424,013
64$12,749,189$4,003,270$2,751,454$8,001,374
65$13,991,113$4,140,937$2,785,135$8,632,666
66$15,357,872$4,283,508$2,818,102$9,323,252
67$16,862,139$4,431,164$2,850,273$10,079,041
68$18,517,881$4,584,095$2,881,561$10,906,541
69$20,340,487$4,742,498$2,911,875$11,812,919
70$22,346,912$4,906,576$2,941,118$12,806,068
71$24,555,841$5,076,542$2,969,190$13,894,684
72$26,987,862$5,252,618$2,995,983$15,088,345
73$29,665,660$5,435,032$3,021,384$16,397,600
74$32,614,231$5,624,022$3,045,275$17,834,072
75$35,861,121$5,819,838$3,067,530$19,410,562
76$39,436,682$6,022,736$3,088,018$21,141,175
77$43,374,357$6,232,985$3,106,601$23,041,447
78$47,711,003$6,450,862$3,123,133$25,128,494
79$52,487,229$6,676,658$3,137,462$27,421,174
80$57,747,786$6,910,673$3,149,426$29,940,262
81$63,541,985$7,153,222$3,158,857$32,708,647
82$69,924,167$7,404,629$3,165,578$35,751,546
83$76,954,209$7,665,233$3,169,402$39,096,742
84$84,698,096$7,935,387$3,170,135$42,774,848
85$93,228,537$8,215,456$3,167,570$46,819,591
86$102,625,658$8,505,824$3,161,493$51,268,131
87$112,977,751$8,806,885$3,151,679$56,161,415
88$124,382,112$9,119,053$3,137,891$61,544,555
89$136,945,958$9,442,757$3,119,881$67,467,262
90$150,787,437$9,778,443$3,097,389$73,984,307
91$166,036,747$10,126,578$3,070,142$81,156,041
92$182,837,359$10,487,645$3,037,856$89,048,964
93$201,347,377$10,862,147$3,000,232$97,736,347
94$221,741,027$11,250,609$2,956,956$107,298,932
95$244,210,299$11,653,576$2,907,702$117,825,684
96$268,966,765$12,071,617$2,852,125$129,414,636
97$296,243,571$12,505,322$2,789,868$142,173,808
98$326,297,641$12,955,309$2,720,554$156,222,231
99$359,412,099$13,422,217$2,643,791$171,691,069
100$395,898,943$13,906,716$2,559,168$188,724,850