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

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$161,029$159,595$158,195$156,829$155,496$151,614
2 years$79,717$78,233$76,794$75,399$74,046$70,159
3 years$52,617$51,126$49,691$48,309$46,978$43,208
4 years$39,070$37,583$36,162$34,804$33,505$29,881
5 years$30,943$29,466$28,063$26,733$25,470$22,002
6 years$25,527$24,061$22,679$21,378$20,153$16,846
7 years$21,660$20,206$18,847$17,576$16,390$13,242
8 years$18,761$17,320$15,983$14,744$13,597$10,608
9 years$16,508$15,081$13,767$12,559$11,451$8,618
10 years$14,706$13,293$12,002$10,826$9,757$7,076
11 years$13,233$11,834$10,566$9,422$8,391$5,859
12 years$12,006$10,621$9,377$8,264$7,271$4,884
13 years$10,969$9,599$8,378$7,296$6,341$4,093
14 years$10,081$8,725$7,528$6,477$5,558$3,446
15 years$9,312$7,970$6,797$5,776$4,894$2,911
16 years$8,639$7,313$6,162$5,172$4,325$2,466
17 years$8,047$6,735$5,607$4,647$3,835$2,095
18 years$7,520$6,223$5,119$4,188$3,410$1,783
19 years$7,050$5,768$4,686$3,784$3,039$1,521
20 years$6,627$5,359$4,300$3,427$2,715$1,298
21 years$6,245$4,992$3,956$3,110$2,430$1,110
22 years$5,899$4,660$3,646$2,828$2,178$950
23 years$5,583$4,358$3,366$2,575$1,955$814
24 years$5,293$4,084$3,113$2,349$1,757$698
25 years$5,027$3,832$2,883$2,145$1,581$599
26 years$4,782$3,602$2,674$1,961$1,424$514
27 years$4,556$3,390$2,483$1,795$1,284$441
28 years$4,346$3,194$2,308$1,645$1,159$379
29 years$4,151$3,013$2,148$1,508$1,046$326
30 years$3,969$2,846$2,001$1,384$945$280
31 years$3,800$2,690$1,865$1,271$855$241
32 years$3,641$2,545$1,741$1,169$773$207
33 years$3,492$2,410$1,625$1,075$700$178
34 years$3,352$2,285$1,518$989$633$153
35 years$3,221$2,167$1,420$910$574$132
36 years$3,097$2,057$1,328$838$520$114
37 years$2,980$1,953$1,243$772$471$98
38 years$2,870$1,856$1,164$712$427$84
39 years$2,765$1,765$1,091$656$387$73
40 years$2,666$1,679$1,022$605$351$62
41 years$2,572$1,599$958$559$319$54
42 years$2,483$1,523$899$515$289$46
43 years$2,398$1,451$844$476$262$40
44 years$2,317$1,383$792$439$238$34
45 years$2,240$1,319$744$406$216$30
46 years$2,166$1,258$698$375$196$25
47 years$2,096$1,200$656$346$178$22
48 years$2,029$1,146$617$320$162$19
49 years$1,965$1,094$580$296$147$16
50 years$1,904$1,045$545$273$134$14

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 $5,830 every year, while hoping to spend $38,355 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: 68/13/19 Blend
43$1,950,000$1,950,000$1,950,000$1,950,000
44$2,154,914$2,051,564$2,021,339$2,291,004
45$2,333,905$2,111,281$2,048,244$2,442,404
46$2,529,869$2,172,639$2,074,765$2,602,932
47$2,744,495$2,235,677$2,100,849$2,777,592
48$2,979,644$2,300,437$2,126,439$2,967,772
49$3,237,369$2,366,958$2,151,475$3,175,004
50$3,519,925$2,435,285$2,175,895$3,400,973
51$3,829,802$2,505,458$2,199,631$3,647,536
52$4,169,737$2,577,521$2,222,614$3,916,737
53$4,542,749$2,651,518$2,244,771$4,210,830
54$4,952,160$2,727,493$2,266,021$4,532,295
55$5,401,632$2,805,492$2,286,285$4,883,867
56$5,895,197$2,885,560$2,305,474$5,268,556
57$6,437,298$2,967,743$2,323,498$5,689,679
58$7,032,828$3,052,087$2,340,260$6,150,892
59$7,687,178$3,138,641$2,355,661$6,656,221
60$8,406,287$3,227,452$2,369,592$7,210,103
61$9,196,699$3,318,567$2,381,944$7,817,424
62$10,065,621$3,412,036$2,392,598$8,483,571
63$11,020,995$3,507,906$2,401,431$9,214,478
64$12,071,570$3,606,228$2,408,313$10,016,681
65$13,226,987$3,707,050$2,413,108$10,897,385
66$14,497,867$3,810,422$2,415,674$11,864,528
67$15,895,910$3,916,393$2,415,860$12,926,856
68$17,434,011$4,025,014$2,413,509$14,094,007
69$19,126,374$4,136,334$2,408,456$15,376,600
70$20,988,652$4,250,403$2,400,527$16,786,338
71$23,038,092$4,367,270$2,389,542$18,336,115
72$25,293,695$4,486,984$2,375,309$20,040,141
73$27,776,400$4,609,594$2,357,630$21,914,073
74$30,509,277$4,735,148$2,336,295$23,975,166
75$33,517,748$4,863,695$2,311,085$26,242,433
76$36,829,823$4,995,281$2,281,772$28,736,825
77$40,476,368$5,129,953$2,248,114$31,481,432
78$44,491,393$5,267,756$2,209,861$34,501,696
79$48,912,372$5,408,733$2,166,749$37,825,655
80$53,780,602$5,552,929$2,118,502$41,484,204
81$59,141,584$5,700,383$2,064,833$45,511,392
82$65,045,461$5,851,137$2,005,441$49,944,739
83$71,547,484$6,005,229$1,940,008$54,825,592
84$78,708,535$6,162,693$1,868,207$60,199,515
85$86,595,705$6,323,564$1,789,691$66,116,718
86$95,282,921$6,487,873$1,704,100$72,632,535
87$104,851,649$6,655,648$1,611,057$79,807,942
88$115,391,657$6,826,916$1,510,168$87,710,136
89$127,001,869$7,001,697$1,401,021$96,413,167
90$139,791,291$7,180,011$1,283,186$105,998,639
91$153,880,043$7,361,872$1,156,213$116,556,480
92$169,400,494$7,547,291$1,019,634$128,185,791
93$186,498,509$7,736,273$872,956$140,995,782
94$205,334,825$7,928,819$715,668$155,106,803
95$226,086,570$8,124,923$547,235$170,651,481
96$248,948,932$8,324,576$367,099$187,775,973
97$274,137,003$8,527,760$174,677$206,641,342
98$301,887,808$8,734,452$0$227,425,084
99$332,462,544$8,944,619$0$250,329,019
100$366,149,041$9,158,223$0$275,600,678