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%19.5%
1 years$161,029$159,595$158,195$156,829$155,496$149,563
2 years$79,717$78,233$76,794$75,399$74,046$68,138
3 years$52,617$51,126$49,691$48,309$46,978$41,281
4 years$39,070$37,583$36,162$34,804$33,505$28,063
5 years$30,943$29,466$28,063$26,733$25,470$20,297
6 years$25,527$24,061$22,679$21,378$20,153$15,253
7 years$21,660$20,206$18,847$17,576$16,390$11,760
8 years$18,761$17,320$15,983$14,744$13,597$9,234
9 years$16,508$15,081$13,767$12,559$11,451$7,347
10 years$14,706$13,293$12,002$10,826$9,757$5,906
11 years$13,233$11,834$10,566$9,422$8,391$4,784
12 years$12,006$10,621$9,377$8,264$7,271$3,899
13 years$10,969$9,599$8,378$7,296$6,341$3,193
14 years$10,081$8,725$7,528$6,477$5,558$2,625
15 years$9,312$7,970$6,797$5,776$4,894$2,165
16 years$8,639$7,313$6,162$5,172$4,325$1,790
17 years$8,047$6,735$5,607$4,647$3,835$1,483
18 years$7,520$6,223$5,119$4,188$3,410$1,231
19 years$7,050$5,768$4,686$3,784$3,039$1,023
20 years$6,627$5,359$4,300$3,427$2,715$851
21 years$6,245$4,992$3,956$3,110$2,430$709
22 years$5,899$4,660$3,646$2,828$2,178$591
23 years$5,583$4,358$3,366$2,575$1,955$493
24 years$5,293$4,084$3,113$2,349$1,757$411
25 years$5,027$3,832$2,883$2,145$1,581$343
26 years$4,782$3,602$2,674$1,961$1,424$287
27 years$4,556$3,390$2,483$1,795$1,284$240
28 years$4,346$3,194$2,308$1,645$1,159$200
29 years$4,151$3,013$2,148$1,508$1,046$167
30 years$3,969$2,846$2,001$1,384$945$140
31 years$3,800$2,690$1,865$1,271$855$117
32 years$3,641$2,545$1,741$1,169$773$98
33 years$3,492$2,410$1,625$1,075$700$82
34 years$3,352$2,285$1,518$989$633$68
35 years$3,221$2,167$1,420$910$574$57
36 years$3,097$2,057$1,328$838$520$48
37 years$2,980$1,953$1,243$772$471$40
38 years$2,870$1,856$1,164$712$427$34
39 years$2,765$1,765$1,091$656$387$28
40 years$2,666$1,679$1,022$605$351$23
41 years$2,572$1,599$958$559$319$20
42 years$2,483$1,523$899$515$289$16
43 years$2,398$1,451$844$476$262$14
44 years$2,317$1,383$792$439$238$12
45 years$2,240$1,319$744$406$216$10
46 years$2,166$1,258$698$375$196$8
47 years$2,096$1,200$656$346$178$7
48 years$2,029$1,146$617$320$162$6
49 years$1,965$1,094$580$296$147$5
50 years$1,904$1,045$545$273$134$4

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 $6,894 every year, while hoping to spend $33,830 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: 61/24/15 Blend
43$1,950,000$1,950,000$1,950,000$1,950,000
44$2,156,011$2,052,661$2,022,436$2,279,058
45$2,339,929$2,117,247$2,054,193$2,427,280
46$2,541,474$2,183,863$2,085,880$2,584,536
47$2,762,406$2,252,574$2,117,458$2,755,337
48$3,004,666$2,323,446$2,148,889$2,941,000
49$3,270,393$2,396,545$2,180,127$3,142,972
50$3,561,941$2,471,944$2,211,129$3,362,845
51$3,881,902$2,549,712$2,241,845$3,602,375
52$4,233,134$2,629,926$2,272,225$3,863,492
53$4,618,782$2,712,661$2,302,213$4,148,322
54$5,042,314$2,797,997$2,331,753$4,459,207
55$5,507,546$2,886,016$2,360,783$4,798,724
56$6,018,687$2,976,801$2,389,240$5,169,713
57$6,580,369$3,070,440$2,417,056$5,575,299
58$7,197,697$3,167,022$2,444,158$6,018,927
59$7,876,296$3,266,640$2,470,471$6,504,388
60$8,622,362$3,369,389$2,495,915$7,035,859
61$9,442,721$3,475,368$2,520,407$7,617,941
62$10,344,894$3,584,676$2,543,856$8,255,702
63$11,337,168$3,697,420$2,566,170$8,954,724
64$12,428,673$3,813,707$2,587,250$9,721,156
65$13,629,467$3,933,648$2,606,992$10,561,772
66$14,950,633$4,057,358$2,625,287$11,484,035
67$16,404,384$4,184,955$2,642,021$12,496,165
68$18,004,175$4,316,561$2,657,072$13,607,220
69$19,764,830$4,452,301$2,670,313$14,827,177
70$21,702,685$4,592,307$2,681,611$16,167,029
71$23,835,739$4,736,710$2,690,825$17,638,889
72$26,183,825$4,885,650$2,697,809$19,256,100
73$28,768,797$5,039,268$2,702,407$21,033,364
74$31,614,733$5,197,711$2,704,457$22,986,881
75$34,748,168$5,361,132$2,703,788$25,134,498
76$38,198,339$5,529,684$2,700,222$27,495,880
77$41,997,461$5,703,531$2,693,571$30,092,697
78$46,181,035$5,882,836$2,683,639$32,948,823
79$50,788,178$6,067,773$2,670,219$36,090,565
80$55,861,995$6,258,517$2,653,094$39,546,911
81$61,449,985$6,455,250$2,632,038$43,349,800
82$67,604,486$6,658,160$2,606,814$47,534,426
83$74,383,175$6,867,441$2,577,174$52,139,572
84$81,849,605$7,083,292$2,542,855$57,207,969
85$90,073,810$7,305,919$2,503,587$62,786,706
86$99,132,964$7,535,534$2,459,082$68,927,669
87$109,112,108$7,772,357$2,409,043$75,688,034
88$120,104,954$8,016,613$2,353,157$83,130,804
89$132,214,767$8,268,535$2,291,095$91,325,405
90$145,555,343$8,528,363$2,222,517$100,348,341
91$160,252,080$8,796,345$2,147,063$110,283,913
92$176,443,162$9,072,735$2,064,359$121,225,018
93$194,280,863$9,357,798$1,974,014$133,274,024
94$213,932,986$9,651,805$1,875,618$146,543,736
95$235,584,442$9,955,036$1,768,744$161,158,461
96$259,439,002$10,267,779$1,652,943$177,255,179
97$285,721,212$10,590,332$1,527,748$194,984,840
98$314,678,520$10,923,002$1,392,672$214,513,784
99$346,583,606$11,266,107$1,247,204$236,025,313
100$381,736,959$11,619,971$1,090,811$259,721,422