Can I retire at age 44 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$162,681$161,232$159,818$158,438$157,091$151,577
2 years$80,535$79,035$77,582$76,172$74,805$69,308
3 years$53,157$51,650$50,200$48,804$47,459$42,152
4 years$39,470$37,968$36,533$35,161$33,848$28,771
5 years$31,260$29,768$28,351$27,007$25,731$20,897
6 years$25,789$24,308$22,912$21,598$20,360$15,773
7 years$21,883$20,413$19,040$17,757$16,558$12,217
8 years$18,954$17,498$16,147$14,896$13,737$9,638
9 years$16,677$15,235$13,908$12,688$11,568$7,707
10 years$14,857$13,429$12,125$10,937$9,857$6,226
11 years$13,369$11,955$10,675$9,518$8,477$5,070
12 years$12,129$10,730$9,474$8,349$7,346$4,154
13 years$11,082$9,697$8,464$7,371$6,406$3,421
14 years$10,184$8,814$7,605$6,543$5,615$2,828
15 years$9,407$8,052$6,866$5,835$4,944$2,346
16 years$8,728$7,388$6,225$5,225$4,370$1,951
17 years$8,129$6,804$5,665$4,694$3,875$1,626
18 years$7,598$6,287$5,171$4,231$3,445$1,357
19 years$7,122$5,827$4,734$3,823$3,071$1,135
20 years$6,695$5,414$4,345$3,462$2,743$950
21 years$6,310$5,043$3,996$3,142$2,454$796
22 years$5,959$4,708$3,683$2,857$2,200$668
23 years$5,640$4,403$3,401$2,602$1,975$561
24 years$5,347$4,125$3,145$2,373$1,775$471
25 years$5,079$3,871$2,913$2,167$1,597$396
26 years$4,831$3,639$2,702$1,982$1,439$333
27 years$4,603$3,424$2,509$1,814$1,297$280
28 years$4,391$3,227$2,332$1,662$1,170$235
29 years$4,194$3,044$2,170$1,524$1,057$198
30 years$4,010$2,875$2,022$1,399$955$167
31 years$3,839$2,718$1,885$1,285$863$140
32 years$3,678$2,571$1,758$1,180$781$118
33 years$3,528$2,435$1,642$1,086$707$99
34 years$3,387$2,308$1,534$999$640$84
35 years$3,254$2,189$1,434$919$580$70
36 years$3,129$2,078$1,342$847$525$59
37 years$3,011$1,973$1,256$780$476$50
38 years$2,899$1,875$1,176$719$432$42
39 years$2,793$1,783$1,102$663$391$35
40 years$2,693$1,697$1,033$612$355$30
41 years$2,598$1,615$968$564$322$25
42 years$2,508$1,538$908$521$292$21
43 years$2,422$1,466$852$481$265$18
44 years$2,341$1,397$800$444$241$15
45 years$2,263$1,332$751$410$219$13
46 years$2,189$1,271$706$379$198$11
47 years$2,118$1,213$663$350$180$9
48 years$2,050$1,158$623$323$164$8
49 years$1,985$1,106$586$299$149$6
50 years$1,923$1,056$550$276$135$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,970,000, adding $3,234 every year, while hoping to spend $56,981 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: 50/29/21 Blend
43$1,970,000$1,970,000$1,970,000$1,970,000
44$2,174,276$2,069,866$2,039,331$2,270,065
45$2,335,425$2,110,662$2,047,021$2,377,559
46$2,511,101$2,151,547$2,053,059$2,488,242
47$2,702,726$2,192,466$2,057,330$2,607,345
48$2,911,865$2,233,358$2,059,711$2,735,684
49$3,140,241$2,274,157$2,060,077$2,874,161
50$3,389,748$2,314,794$2,058,292$3,023,771
51$3,662,475$2,355,192$2,054,218$3,185,610
52$3,960,720$2,395,269$2,047,707$3,360,888
53$4,287,014$2,434,937$2,038,605$3,550,939
54$4,644,141$2,474,101$2,026,750$3,757,234
55$5,035,171$2,512,660$2,011,974$3,981,397
56$5,463,482$2,550,503$1,994,098$4,225,217
57$5,932,794$2,587,515$1,972,938$4,490,669
58$6,447,206$2,623,570$1,948,297$4,779,930
59$7,011,229$2,658,533$1,919,974$5,095,402
60$7,629,834$2,692,261$1,887,753$5,439,734
61$8,308,496$2,724,601$1,851,412$5,815,848
62$9,053,245$2,755,388$1,810,716$6,226,964
63$9,870,723$2,784,449$1,765,422$6,676,638
64$10,768,246$2,811,596$1,715,272$7,168,789
65$11,753,873$2,836,631$1,660,001$7,707,738
66$12,836,483$2,859,341$1,599,326$8,298,253
67$14,025,857$2,879,501$1,532,956$8,945,591
68$15,332,769$2,896,871$1,460,584$9,655,549
69$16,769,088$2,911,194$1,381,890$10,434,520
70$18,347,891$2,922,199$1,296,540$11,289,555
71$20,083,586$2,929,597$1,204,184$12,228,429
72$21,992,044$2,933,079$1,104,456$13,259,713
73$24,090,752$2,932,320$996,976$14,392,862
74$26,398,978$2,926,973$881,344$15,638,301
75$28,937,949$2,916,670$757,143$17,007,522
76$31,731,052$2,901,019$623,940$18,513,201
77$34,804,057$2,879,606$481,279$20,169,311
78$38,185,356$2,851,992$328,687$21,991,261
79$41,906,232$2,817,710$165,669$23,996,038
80$46,001,157$2,776,267$0$26,202,375
81$50,508,109$2,727,138$0$28,632,781
82$55,468,938$2,669,769$0$31,347,900
83$60,929,754$2,603,573$0$34,335,802
84$66,941,368$2,527,927$0$37,624,290
85$73,559,765$2,442,173$0$41,244,013
86$80,846,636$2,345,614$0$45,228,748
87$88,869,956$2,237,512$0$49,615,726
88$97,704,629$2,117,088$0$54,445,979
89$107,433,192$1,983,516$0$59,764,734
90$118,146,593$1,835,924$0$65,621,837
91$129,945,050$1,673,389$0$72,072,226
92$142,938,997$1,494,936$0$79,176,451
93$157,250,121$1,299,535$0$87,001,250
94$173,012,518$1,086,096$0$95,620,175
95$190,373,950$853,470$0$105,114,293
96$209,497,244$600,442$0$115,572,951
97$230,561,827$325,727$0$127,094,620
98$253,765,416$27,971$0$139,787,830
99$279,325,890$0$0$153,772,195
100$307,483,338$0$0$169,273,446