Can I retire at age 44 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$161,855$160,413$159,007$157,634$156,293$151,899
2 years$80,126$78,634$77,188$75,785$74,425$70,032
3 years$52,887$51,388$49,946$48,556$47,218$42,963
4 years$39,270$37,776$36,348$34,982$33,677$29,592
5 years$31,102$29,617$28,207$26,870$25,600$21,698
6 years$25,658$24,184$22,796$21,488$20,257$16,540
7 years$21,771$20,310$18,943$17,666$16,474$12,943
8 years$18,858$17,409$16,065$14,820$13,667$10,320
9 years$16,593$15,158$13,837$12,623$11,510$8,343
10 years$14,782$13,361$12,064$10,881$9,807$6,817
11 years$13,301$11,894$10,621$9,470$8,434$5,616
12 years$12,068$10,676$9,425$8,307$7,309$4,657
13 years$11,025$9,648$8,421$7,333$6,373$3,882
14 years$10,132$8,770$7,566$6,510$5,587$3,249
15 years$9,359$8,011$6,831$5,806$4,919$2,730
16 years$8,684$7,350$6,194$5,198$4,348$2,300
17 years$8,088$6,769$5,636$4,671$3,855$1,942
18 years$7,559$6,255$5,145$4,209$3,428$1,643
19 years$7,086$5,797$4,710$3,803$3,055$1,393
20 years$6,661$5,387$4,323$3,445$2,729$1,182
21 years$6,278$5,018$3,976$3,126$2,442$1,005
22 years$5,929$4,684$3,664$2,842$2,189$855
23 years$5,611$4,381$3,383$2,589$1,965$728
24 years$5,320$4,104$3,129$2,361$1,766$620
25 years$5,053$3,852$2,898$2,156$1,589$528
26 years$4,807$3,620$2,688$1,972$1,431$451
27 years$4,579$3,407$2,496$1,805$1,291$385
28 years$4,368$3,210$2,320$1,653$1,165$328
29 years$4,172$3,029$2,159$1,516$1,052$280
30 years$3,990$2,860$2,011$1,392$950$239
31 years$3,819$2,704$1,875$1,278$859$204
32 years$3,660$2,558$1,749$1,174$777$175
33 years$3,510$2,423$1,633$1,080$703$149
34 years$3,370$2,296$1,526$994$637$128
35 years$3,237$2,178$1,427$915$577$109
36 years$3,113$2,067$1,335$843$522$93
37 years$2,995$1,963$1,249$776$474$80
38 years$2,884$1,866$1,170$715$429$68
39 years$2,779$1,774$1,096$660$389$58
40 years$2,680$1,688$1,027$608$353$50
41 years$2,585$1,607$963$561$320$43
42 years$2,495$1,530$904$518$291$36
43 years$2,410$1,458$848$478$264$31
44 years$2,329$1,390$796$442$239$27
45 years$2,251$1,325$747$408$217$23
46 years$2,178$1,264$702$377$197$20
47 years$2,107$1,207$660$348$179$17
48 years$2,040$1,152$620$322$163$14
49 years$1,975$1,100$583$297$148$12
50 years$1,914$1,051$548$275$134$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,960,000, adding $5,155 every year, while hoping to spend $36,295 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$1,960,000$1,960,000$1,960,000$1,960,000
44$2,165,237$2,061,357$2,030,977$2,328,167
45$2,347,474$2,123,746$2,060,398$2,498,533
46$2,547,082$2,187,976$2,089,587$2,680,202
47$2,765,796$2,254,098$2,118,499$2,878,437
48$3,005,524$2,322,165$2,147,086$3,094,879
49$3,268,369$2,392,233$2,175,295$3,331,333
50$3,556,647$2,464,358$2,203,072$3,589,789
51$3,872,910$2,538,595$2,230,359$3,872,435
52$4,219,965$2,615,005$2,257,095$4,181,686
53$4,600,909$2,693,648$2,283,215$4,520,198
54$5,019,151$2,774,585$2,308,651$4,890,898
55$5,478,445$2,857,880$2,333,332$5,297,010
56$5,982,927$2,943,598$2,357,180$5,742,087
57$6,537,157$3,031,805$2,380,116$6,230,040
58$7,146,152$3,122,569$2,402,056$6,765,181
59$7,815,445$3,215,960$2,422,910$7,352,258
60$8,551,128$3,312,050$2,442,584$7,996,503
61$9,359,913$3,410,910$2,460,981$8,703,678
62$10,249,196$3,512,617$2,477,996$9,480,135
63$11,227,126$3,617,247$2,493,520$10,332,870
64$12,302,678$3,724,877$2,507,439$11,269,591
65$13,485,743$3,835,588$2,519,630$12,298,791
66$14,787,220$3,949,463$2,529,968$13,429,827
67$16,219,113$4,066,584$2,538,320$14,673,011
68$17,794,654$4,187,037$2,544,544$16,039,704
69$19,528,416$4,310,910$2,548,495$17,542,422
70$21,436,462$4,438,292$2,550,017$19,194,959
71$23,536,488$4,569,275$2,548,948$21,012,512
72$25,847,991$4,703,951$2,545,120$23,011,829
73$28,392,457$4,842,416$2,538,352$25,211,362
74$31,193,560$4,984,766$2,528,459$27,631,444
75$34,277,386$5,131,102$2,515,245$30,294,481
76$37,672,676$5,281,523$2,498,503$33,225,162
77$41,411,106$5,436,134$2,478,019$36,450,692
78$45,527,573$5,595,039$2,453,567$40,001,049
79$50,060,534$5,758,345$2,424,911$43,909,268
80$55,052,366$5,926,161$2,391,803$48,211,750
81$60,549,763$6,098,599$2,353,983$52,948,610
82$66,604,179$6,275,770$2,311,182$58,164,048
83$73,272,313$6,457,791$2,263,115$63,906,774
84$80,616,644$6,644,778$2,209,484$70,230,464
85$88,706,019$6,836,849$2,149,979$77,194,267
86$97,616,305$7,034,126$2,084,275$84,863,360
87$107,431,101$7,236,732$2,012,031$93,309,571
88$118,242,531$7,444,789$1,932,892$102,612,050
89$130,152,111$7,658,426$1,846,486$112,858,016
90$143,271,707$7,877,769$1,752,424$124,143,587
91$157,724,590$8,102,949$1,650,299$136,574,679
92$173,646,601$8,334,096$1,539,687$150,268,012
93$191,187,431$8,571,344$1,420,143$165,352,206
94$210,512,035$8,814,826$1,291,205$181,969,003
95$231,802,190$9,064,679$1,152,386$200,274,597
96$255,258,204$9,321,040$1,003,183$220,441,112
97$281,100,816$9,584,046$843,064$242,658,228
98$309,573,272$9,853,837$671,480$267,134,969
99$340,943,624$10,130,553$487,853$294,101,678
100$375,507,259$10,414,336$291,581$323,812,192