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%12.5%
1 years$161,855$160,413$159,007$157,634$156,293$154,661
2 years$80,126$78,634$77,188$75,785$74,425$72,782
3 years$52,887$51,388$49,946$48,556$47,218$45,614
4 years$39,270$37,776$36,348$34,982$33,677$32,124
5 years$31,102$29,617$28,207$26,870$25,600$24,105
6 years$25,658$24,184$22,796$21,488$20,257$18,819
7 years$21,771$20,310$18,943$17,666$16,474$15,095
8 years$18,858$17,409$16,065$14,820$13,667$12,347
9 years$16,593$15,158$13,837$12,623$11,510$10,248
10 years$14,782$13,361$12,064$10,881$9,807$8,603
11 years$13,301$11,894$10,621$9,470$8,434$7,286
12 years$12,068$10,676$9,425$8,307$7,309$6,216
13 years$11,025$9,648$8,421$7,333$6,373$5,335
14 years$10,132$8,770$7,566$6,510$5,587$4,601
15 years$9,359$8,011$6,831$5,806$4,919$3,985
16 years$8,684$7,350$6,194$5,198$4,348$3,463
17 years$8,088$6,769$5,636$4,671$3,855$3,018
18 years$7,559$6,255$5,145$4,209$3,428$2,637
19 years$7,086$5,797$4,710$3,803$3,055$2,309
20 years$6,661$5,387$4,323$3,445$2,729$2,025
21 years$6,278$5,018$3,976$3,126$2,442$1,780
22 years$5,929$4,684$3,664$2,842$2,189$1,566
23 years$5,611$4,381$3,383$2,589$1,965$1,379
24 years$5,320$4,104$3,129$2,361$1,766$1,217
25 years$5,053$3,852$2,898$2,156$1,589$1,074
26 years$4,807$3,620$2,688$1,972$1,431$949
27 years$4,579$3,407$2,496$1,805$1,291$839
28 years$4,368$3,210$2,320$1,653$1,165$742
29 years$4,172$3,029$2,159$1,516$1,052$657
30 years$3,990$2,860$2,011$1,392$950$582
31 years$3,819$2,704$1,875$1,278$859$515
32 years$3,660$2,558$1,749$1,174$777$457
33 years$3,510$2,423$1,633$1,080$703$405
34 years$3,370$2,296$1,526$994$637$359
35 years$3,237$2,178$1,427$915$577$318
36 years$3,113$2,067$1,335$843$522$283
37 years$2,995$1,963$1,249$776$474$251
38 years$2,884$1,866$1,170$715$429$223
39 years$2,779$1,774$1,096$660$389$198
40 years$2,680$1,688$1,027$608$353$175
41 years$2,585$1,607$963$561$320$156
42 years$2,495$1,530$904$518$291$138
43 years$2,410$1,458$848$478$264$123
44 years$2,329$1,390$796$442$239$109
45 years$2,251$1,325$747$408$217$97
46 years$2,178$1,264$702$377$197$86
47 years$2,107$1,207$660$348$179$77
48 years$2,040$1,152$620$322$163$68
49 years$1,975$1,100$583$297$148$60
50 years$1,914$1,051$548$275$134$54

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 $6,927 every year, while hoping to spend $21,380 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: 62/14/24 Blend
43$1,960,000$1,960,000$1,960,000$1,960,000
44$2,167,065$2,063,185$2,032,805$2,287,284
45$2,365,358$2,141,533$2,078,156$2,447,856
46$2,583,159$2,223,004$2,124,310$2,620,135
47$2,822,438$2,307,727$2,171,270$2,807,768
48$3,085,360$2,395,839$2,219,041$3,012,256
49$3,374,314$2,487,483$2,267,626$3,235,253
50$3,691,930$2,582,805$2,317,028$3,478,577
51$4,041,107$2,681,962$2,367,248$3,744,232
52$4,425,036$2,785,114$2,418,287$4,034,424
53$4,847,235$2,892,431$2,470,145$4,351,580
54$5,311,581$3,004,087$2,522,823$4,698,375
55$5,822,342$3,120,268$2,576,317$5,077,753
56$6,384,224$3,241,164$2,630,627$5,492,956
57$7,002,410$3,366,977$2,685,748$5,947,553
58$7,682,612$3,497,914$2,741,677$6,445,477
59$8,431,121$3,634,195$2,798,406$6,991,058
60$9,254,873$3,776,047$2,855,929$7,589,065
61$10,161,505$3,923,710$2,914,239$8,244,750
62$11,159,438$4,077,430$2,973,325$8,963,901
63$12,257,946$4,237,469$3,033,176$9,752,889
64$13,467,249$4,404,098$3,093,780$10,618,735
65$14,798,609$4,577,600$3,155,123$11,569,170
66$16,264,436$4,758,271$3,217,188$12,612,713
67$17,878,402$4,946,420$3,279,958$13,758,748
68$19,655,576$5,142,371$3,343,413$15,017,612
69$21,612,559$5,346,461$3,407,531$16,400,692
70$23,767,645$5,559,044$3,472,289$17,920,533
71$26,140,995$5,780,487$3,537,661$19,590,958
72$28,754,821$6,011,175$3,603,617$21,427,193
73$31,633,602$6,251,512$3,670,128$23,446,014
74$34,804,311$6,501,918$3,737,159$25,665,904
75$38,296,671$6,762,832$3,804,674$28,107,226
76$42,143,435$7,034,715$3,872,634$30,792,416
77$46,380,695$7,318,045$3,940,996$33,746,194
78$51,048,222$7,613,325$4,009,716$36,995,796
79$56,189,842$7,921,080$4,078,743$40,571,232
80$61,853,851$8,241,858$4,148,026$44,505,564
81$68,093,468$8,576,232$4,217,509$48,835,226
82$74,967,336$8,924,803$4,287,130$53,600,359
83$82,540,082$9,288,195$4,356,826$58,845,193
84$90,882,919$9,667,066$4,426,529$64,618,465
85$100,074,324$10,062,099$4,496,165$70,973,875
86$110,200,774$10,474,011$4,565,655$77,970,595
87$121,357,567$10,903,552$4,634,919$85,673,824
88$133,649,717$11,351,503$4,703,866$94,155,406
89$147,192,946$11,818,685$4,772,404$103,494,506
90$162,114,780$12,305,955$4,840,433$113,778,353
91$178,555,748$12,814,207$4,907,849$125,103,070
92$196,670,711$13,344,380$4,974,538$137,574,573
93$216,630,322$13,897,452$5,040,383$151,309,574
94$238,622,637$14,474,450$5,105,258$166,436,681
95$262,854,893$15,076,445$5,169,032$183,097,612
96$289,555,462$15,704,560$5,231,563$201,448,527
97$318,976,003$16,359,968$5,292,705$221,661,508
98$351,393,844$17,043,896$5,352,300$243,926,179
99$387,114,598$17,757,628$5,410,183$268,451,493
100$426,475,044$18,502,509$5,466,181$295,467,706