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

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$161,855$160,413$159,007$157,634$156,293$153,704
2 years$80,126$78,634$77,188$75,785$74,425$71,824
3 years$52,887$51,388$49,946$48,556$47,218$44,687
4 years$39,270$37,776$36,348$34,982$33,677$31,233
5 years$31,102$29,617$28,207$26,870$25,600$23,253
6 years$25,658$24,184$22,796$21,488$20,257$18,008
7 years$21,771$20,310$18,943$17,666$16,474$14,324
8 years$18,858$17,409$16,065$14,820$13,667$11,615
9 years$16,593$15,158$13,837$12,623$11,510$9,556
10 years$14,782$13,361$12,064$10,881$9,807$7,949
11 years$13,301$11,894$10,621$9,470$8,434$6,670
12 years$12,068$10,676$9,425$8,307$7,309$5,636
13 years$11,025$9,648$8,421$7,333$6,373$4,790
14 years$10,132$8,770$7,566$6,510$5,587$4,090
15 years$9,359$8,011$6,831$5,806$4,919$3,506
16 years$8,684$7,350$6,194$5,198$4,348$3,015
17 years$8,088$6,769$5,636$4,671$3,855$2,600
18 years$7,559$6,255$5,145$4,209$3,428$2,247
19 years$7,086$5,797$4,710$3,803$3,055$1,946
20 years$6,661$5,387$4,323$3,445$2,729$1,689
21 years$6,278$5,018$3,976$3,126$2,442$1,467
22 years$5,929$4,684$3,664$2,842$2,189$1,276
23 years$5,611$4,381$3,383$2,589$1,965$1,111
24 years$5,320$4,104$3,129$2,361$1,766$969
25 years$5,053$3,852$2,898$2,156$1,589$845
26 years$4,807$3,620$2,688$1,972$1,431$738
27 years$4,579$3,407$2,496$1,805$1,291$644
28 years$4,368$3,210$2,320$1,653$1,165$563
29 years$4,172$3,029$2,159$1,516$1,052$492
30 years$3,990$2,860$2,011$1,392$950$431
31 years$3,819$2,704$1,875$1,278$859$377
32 years$3,660$2,558$1,749$1,174$777$330
33 years$3,510$2,423$1,633$1,080$703$289
34 years$3,370$2,296$1,526$994$637$253
35 years$3,237$2,178$1,427$915$577$222
36 years$3,113$2,067$1,335$843$522$194
37 years$2,995$1,963$1,249$776$474$170
38 years$2,884$1,866$1,170$715$429$149
39 years$2,779$1,774$1,096$660$389$131
40 years$2,680$1,688$1,027$608$353$115
41 years$2,585$1,607$963$561$320$100
42 years$2,495$1,530$904$518$291$88
43 years$2,410$1,458$848$478$264$77
44 years$2,329$1,390$796$442$239$68
45 years$2,251$1,325$747$408$217$59
46 years$2,178$1,264$702$377$197$52
47 years$2,107$1,207$660$348$179$46
48 years$2,040$1,152$620$322$163$40
49 years$1,975$1,100$583$297$148$35
50 years$1,914$1,051$548$275$134$31

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 $6,372 every year, while hoping to spend $37,327 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: 62/13/25 Blend
43$1,960,000$1,960,000$1,960,000$1,960,000
44$2,166,493$2,062,613$2,032,233$2,286,079
45$2,347,759$2,123,965$2,060,597$2,429,232
46$2,546,264$2,187,073$2,088,660$2,580,813
47$2,763,726$2,251,982$2,116,373$2,745,504
48$3,002,038$2,318,741$2,143,683$2,924,592
49$3,263,284$2,387,398$2,170,536$3,119,494
50$3,549,762$2,458,003$2,196,871$3,331,770
51$3,863,999$2,530,607$2,222,628$3,563,140
52$4,208,782$2,605,261$2,247,740$3,815,496
53$4,587,178$2,682,019$2,272,140$4,090,924
54$5,002,567$2,760,935$2,295,754$4,391,722
55$5,458,672$2,842,064$2,318,504$4,720,422
56$5,959,593$2,925,462$2,340,312$5,079,812
57$6,509,849$3,011,187$2,361,089$5,472,965
58$7,114,416$3,099,298$2,380,748$5,903,266
59$7,778,777$3,189,854$2,399,193$6,374,445
60$8,508,971$3,282,915$2,416,325$6,890,610
61$9,311,652$3,378,545$2,432,039$7,456,291
62$10,194,153$3,476,805$2,446,224$8,076,475
63$11,164,549$3,577,761$2,458,765$8,756,662
64$12,231,739$3,681,477$2,469,539$9,502,907
65$13,405,527$3,788,021$2,478,420$10,321,885
66$14,696,715$3,897,458$2,485,271$11,220,952
67$16,117,205$4,009,858$2,489,953$12,208,213
68$17,680,109$4,125,291$2,492,316$13,292,597
69$19,399,877$4,243,827$2,492,205$14,483,946
70$21,292,428$4,365,538$2,489,457$15,793,106
71$23,375,303$4,490,496$2,483,901$17,232,026
72$25,667,828$4,618,775$2,475,356$18,813,875
73$28,191,301$4,750,450$2,463,635$20,553,166
74$30,969,187$4,885,595$2,448,540$22,465,891
75$34,027,342$5,024,287$2,429,864$24,569,673
76$37,394,257$5,166,603$2,407,391$26,883,932
77$41,101,325$5,312,620$2,380,892$29,430,070
78$45,183,138$5,462,417$2,350,130$32,231,671
79$49,677,816$5,616,073$2,314,857$35,314,726
80$54,627,359$5,773,667$2,274,811$38,707,877
81$60,078,052$5,935,278$2,229,719$42,442,685
82$66,080,894$6,100,988$2,179,296$46,553,935
83$72,692,085$6,270,876$2,123,242$51,079,957
84$79,973,552$6,445,023$2,061,245$56,062,993
85$87,993,535$6,623,510$1,992,977$61,549,595
86$96,827,231$6,806,418$1,918,097$67,591,063
87$106,557,502$6,993,826$1,836,247$74,243,930
88$117,275,659$7,185,815$1,747,053$81,570,498
89$129,082,320$7,382,463$1,650,123$89,639,424
90$142,088,363$7,583,851$1,545,049$98,526,370
91$156,415,972$7,790,056$1,431,404$108,314,717
92$172,199,787$8,001,154$1,308,742$119,096,352
93$189,588,177$8,217,222$1,176,596$130,972,536
94$208,744,639$8,438,334$1,034,480$144,054,863
95$229,849,341$8,664,561$881,884$158,466,310
96$253,100,825$8,895,976$718,278$174,342,400
97$278,717,876$9,132,646$543,108$191,832,483
98$306,941,590$9,374,636$355,793$211,101,146
99$338,037,650$9,622,011$155,729$232,329,766
100$372,298,830$9,874,829$0$255,718,224