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%15.1%
1 years$162,681$161,232$159,818$158,438$157,091$153,793
2 years$80,535$79,035$77,582$76,172$74,805$71,498
3 years$53,157$51,650$50,200$48,804$47,459$44,247
4 years$39,470$37,968$36,533$35,161$33,848$30,755
5 years$31,260$29,768$28,351$27,007$25,731$22,765
6 years$25,789$24,308$22,912$21,598$20,360$17,525
7 years$21,883$20,413$19,040$17,757$16,558$13,854
8 years$18,954$17,498$16,147$14,896$13,737$11,163
9 years$16,677$15,235$13,908$12,688$11,568$9,123
10 years$14,857$13,429$12,125$10,937$9,857$7,538
11 years$13,369$11,955$10,675$9,518$8,477$6,281
12 years$12,129$10,730$9,474$8,349$7,346$5,270
13 years$11,082$9,697$8,464$7,371$6,406$4,446
14 years$10,184$8,814$7,605$6,543$5,615$3,769
15 years$9,407$8,052$6,866$5,835$4,944$3,206
16 years$8,728$7,388$6,225$5,225$4,370$2,736
17 years$8,129$6,804$5,665$4,694$3,875$2,341
18 years$7,598$6,287$5,171$4,231$3,445$2,007
19 years$7,122$5,827$4,734$3,823$3,071$1,724
20 years$6,695$5,414$4,345$3,462$2,743$1,484
21 years$6,310$5,043$3,996$3,142$2,454$1,278
22 years$5,959$4,708$3,683$2,857$2,200$1,103
23 years$5,640$4,403$3,401$2,602$1,975$952
24 years$5,347$4,125$3,145$2,373$1,775$823
25 years$5,079$3,871$2,913$2,167$1,597$711
26 years$4,831$3,639$2,702$1,982$1,439$616
27 years$4,603$3,424$2,509$1,814$1,297$533
28 years$4,391$3,227$2,332$1,662$1,170$462
29 years$4,194$3,044$2,170$1,524$1,057$400
30 years$4,010$2,875$2,022$1,399$955$347
31 years$3,839$2,718$1,885$1,285$863$301
32 years$3,678$2,571$1,758$1,180$781$261
33 years$3,528$2,435$1,642$1,086$707$226
34 years$3,387$2,308$1,534$999$640$196
35 years$3,254$2,189$1,434$919$580$170
36 years$3,129$2,078$1,342$847$525$148
37 years$3,011$1,973$1,256$780$476$128
38 years$2,899$1,875$1,176$719$432$111
39 years$2,793$1,783$1,102$663$391$97
40 years$2,693$1,697$1,033$612$355$84
41 years$2,598$1,615$968$564$322$73
42 years$2,508$1,538$908$521$292$63
43 years$2,422$1,466$852$481$265$55
44 years$2,341$1,397$800$444$241$48
45 years$2,263$1,332$751$410$219$42
46 years$2,189$1,271$706$379$198$36
47 years$2,118$1,213$663$350$180$31
48 years$2,050$1,158$623$323$164$27
49 years$1,985$1,106$586$299$149$24
50 years$1,923$1,056$550$276$135$21

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 $2,322 every year, while hoping to spend $43,570 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: 57/31/12 Blend
43$1,970,000$1,970,000$1,970,000$1,970,000
44$2,173,335$2,068,925$2,038,390$2,290,568
45$2,348,657$2,123,944$2,060,318$2,425,077
46$2,540,402$2,180,199$2,081,520$2,566,556
47$2,750,198$2,237,704$2,101,927$2,719,685
48$2,979,840$2,296,473$2,121,463$2,885,586
49$3,231,302$2,356,519$2,140,051$3,065,495
50$3,506,761$2,417,855$2,157,608$3,260,773
51$3,808,611$2,480,490$2,174,048$3,472,916
52$4,139,491$2,544,436$2,189,281$3,703,575
53$4,502,306$2,609,700$2,203,209$3,954,565
54$4,900,257$2,676,291$2,215,732$4,227,886
55$5,336,869$2,744,215$2,226,744$4,525,742
56$5,816,023$2,813,475$2,236,134$4,850,560
57$6,341,998$2,884,075$2,243,785$5,205,012
58$6,919,503$2,956,016$2,249,573$5,592,042
59$7,553,728$3,029,297$2,253,369$6,014,894
60$8,250,390$3,103,914$2,255,039$6,477,142
61$9,015,786$3,179,863$2,254,439$6,982,721
62$9,856,854$3,257,134$2,251,420$7,535,968
63$10,781,237$3,335,717$2,245,827$8,141,662
64$11,797,355$3,415,599$2,237,494$8,805,067
65$12,914,484$3,496,762$2,226,249$9,531,983
66$14,142,846$3,579,188$2,211,912$10,328,802
67$15,493,699$3,662,851$2,194,295$11,202,565
68$16,979,451$3,747,725$2,173,197$12,161,032
69$18,613,769$3,833,777$2,148,414$13,212,753
70$20,411,713$3,920,972$2,119,725$14,367,149
71$22,389,877$4,009,269$2,086,905$15,634,601
72$24,566,543$4,098,622$2,049,715$17,026,549
73$26,961,855$4,188,979$2,007,906$18,555,600
74$29,598,009$4,280,284$1,961,215$20,235,644
75$32,499,462$4,372,474$1,909,371$22,081,989
76$35,693,159$4,465,478$1,852,088$24,111,504
77$39,208,795$4,559,219$1,789,066$26,342,779
78$43,079,086$4,653,615$1,719,994$28,796,298
79$47,340,083$4,748,572$1,644,544$31,494,637
80$52,031,509$4,843,990$1,562,374$34,462,672
81$57,197,138$4,939,761$1,473,129$37,727,820
82$62,885,201$5,035,763$1,376,433$41,320,292
83$69,148,845$5,131,870$1,271,898$45,273,382
84$76,046,637$5,227,941$1,159,115$49,623,781
85$83,643,108$5,323,824$1,037,660$54,411,925
86$92,009,370$5,419,356$907,086$59,682,371
87$101,223,782$5,514,362$766,931$65,484,228
88$111,372,693$5,608,651$616,708$71,871,612
89$122,551,251$5,702,018$455,911$78,904,160
90$134,864,307$5,794,245$284,012$86,647,597
91$148,427,398$5,885,095$100,458$95,174,352
92$163,367,843$5,974,314$0$104,564,246
93$179,825,940$6,061,633$0$114,917,461
94$197,956,292$6,146,759$0$126,333,240
95$217,929,265$6,229,381$0$138,905,620
96$239,932,596$6,309,168$0$152,752,417
97$264,173,166$6,385,762$0$168,003,465
98$290,878,948$6,458,783$0$184,801,839
99$320,301,164$6,527,827$0$203,305,209
100$352,716,651$6,592,459$0$223,687,327