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%13.7%
1 years$162,681$161,232$159,818$158,438$157,091$154,679
2 years$80,535$79,035$77,582$76,172$74,805$72,381
3 years$53,157$51,650$50,200$48,804$47,459$45,099
4 years$39,470$37,968$36,533$35,161$33,848$31,569
5 years$31,260$29,768$28,351$27,007$25,731$23,540
6 years$25,789$24,308$22,912$21,598$20,360$18,260
7 years$21,883$20,413$19,040$17,757$16,558$14,549
8 years$18,954$17,498$16,147$14,896$13,737$11,818
9 years$16,677$15,235$13,908$12,688$11,568$9,740
10 years$14,857$13,429$12,125$10,937$9,857$8,117
11 years$13,369$11,955$10,675$9,518$8,477$6,824
12 years$12,129$10,730$9,474$8,349$7,346$5,777
13 years$11,082$9,697$8,464$7,371$6,406$4,920
14 years$10,184$8,814$7,605$6,543$5,615$4,209
15 years$9,407$8,052$6,866$5,835$4,944$3,615
16 years$8,728$7,388$6,225$5,225$4,370$3,116
17 years$8,129$6,804$5,665$4,694$3,875$2,693
18 years$7,598$6,287$5,171$4,231$3,445$2,332
19 years$7,122$5,827$4,734$3,823$3,071$2,025
20 years$6,695$5,414$4,345$3,462$2,743$1,760
21 years$6,310$5,043$3,996$3,142$2,454$1,533
22 years$5,959$4,708$3,683$2,857$2,200$1,337
23 years$5,640$4,403$3,401$2,602$1,975$1,167
24 years$5,347$4,125$3,145$2,373$1,775$1,019
25 years$5,079$3,871$2,913$2,167$1,597$891
26 years$4,831$3,639$2,702$1,982$1,439$780
27 years$4,603$3,424$2,509$1,814$1,297$683
28 years$4,391$3,227$2,332$1,662$1,170$598
29 years$4,194$3,044$2,170$1,524$1,057$524
30 years$4,010$2,875$2,022$1,399$955$460
31 years$3,839$2,718$1,885$1,285$863$403
32 years$3,678$2,571$1,758$1,180$781$354
33 years$3,528$2,435$1,642$1,086$707$311
34 years$3,387$2,308$1,534$999$640$273
35 years$3,254$2,189$1,434$919$580$240
36 years$3,129$2,078$1,342$847$525$210
37 years$3,011$1,973$1,256$780$476$185
38 years$2,899$1,875$1,176$719$432$162
39 years$2,793$1,783$1,102$663$391$143
40 years$2,693$1,697$1,033$612$355$125
41 years$2,598$1,615$968$564$322$110
42 years$2,508$1,538$908$521$292$97
43 years$2,422$1,466$852$481$265$85
44 years$2,341$1,397$800$444$241$75
45 years$2,263$1,332$751$410$219$66
46 years$2,189$1,271$706$379$198$58
47 years$2,118$1,213$663$350$180$51
48 years$2,050$1,158$623$323$164$45
49 years$1,985$1,106$586$299$149$39
50 years$1,923$1,056$550$276$135$35

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 $4,081 every year, while hoping to spend $27,283 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: 51/34/15 Blend
43$1,970,000$1,970,000$1,970,000$1,970,000
44$2,175,150$2,070,740$2,040,205$2,277,000
45$2,367,986$2,143,177$2,079,523$2,419,758
46$2,579,577$2,218,249$2,119,243$2,571,677
47$2,811,808$2,296,057$2,159,351$2,736,234
48$3,066,752$2,376,704$2,199,830$2,914,628
49$3,346,698$2,460,300$2,240,661$3,108,183
50$3,654,163$2,546,956$2,281,825$3,318,349
51$3,991,922$2,636,791$2,323,301$3,546,725
52$4,363,030$2,729,926$2,365,064$3,795,068
53$4,770,856$2,826,489$2,407,090$4,065,313
54$5,219,108$2,926,612$2,449,352$4,359,588
55$5,711,872$3,030,431$2,491,821$4,680,232
56$6,253,652$3,138,091$2,534,466$5,029,824
57$6,849,407$3,249,740$2,577,253$5,411,199
58$7,504,603$3,365,534$2,620,147$5,827,478
59$8,225,260$3,485,632$2,663,109$6,282,097
60$9,018,012$3,610,204$2,706,099$6,778,838
61$9,890,169$3,739,424$2,749,073$7,321,865
62$10,849,784$3,873,473$2,791,985$7,915,761
63$11,905,731$4,012,542$2,834,785$8,565,574
64$13,067,786$4,156,827$2,877,421$9,276,860
65$14,346,722$4,306,534$2,919,837$10,055,739
66$15,754,410$4,461,876$2,961,973$10,908,950
67$17,303,928$4,623,076$3,003,767$11,843,912
68$19,009,687$4,790,366$3,045,152$12,868,797
69$20,887,568$4,963,987$3,086,058$13,992,607
70$22,955,068$5,144,190$3,126,409$15,225,251
71$25,231,467$5,331,238$3,166,126$16,577,649
72$27,738,012$5,525,403$3,205,125$18,061,825
73$30,498,111$5,726,969$3,243,319$19,691,023
74$33,537,560$5,936,233$3,280,613$21,479,833
75$36,884,787$6,153,504$3,316,908$23,444,325
76$40,571,111$6,379,102$3,352,101$25,602,202
77$44,631,049$6,613,363$3,386,081$27,972,964
78$49,102,634$6,856,635$3,418,733$30,578,093
79$54,027,776$7,109,284$3,449,934$33,441,256
80$59,452,658$7,371,687$3,479,555$36,588,522
81$65,428,170$7,644,241$3,507,461$40,048,614
82$72,010,392$7,927,357$3,533,509$43,853,174
83$79,261,119$8,221,465$3,557,549$48,037,064
84$87,248,449$8,527,013$3,579,423$52,638,690
85$96,047,422$8,844,467$3,598,965$57,700,367
86$105,740,728$9,174,315$3,615,999$63,268,716
87$116,419,491$9,517,065$3,630,343$69,395,104
88$128,184,123$9,873,245$3,641,804$76,136,122
89$141,145,278$10,243,408$3,650,179$83,554,127
90$155,424,891$10,628,130$3,655,255$91,717,821
91$171,157,333$11,028,012$3,656,809$100,702,902
92$188,490,676$11,443,679$3,654,607$110,592,779
93$207,588,091$11,875,786$3,648,403$121,479,351
94$228,629,391$12,325,014$3,637,939$133,463,881
95$251,812,724$12,792,075$3,622,945$146,657,943
96$277,356,446$13,277,711$3,603,137$161,184,480
97$305,501,180$13,782,695$3,578,219$177,178,956
98$336,512,090$14,307,837$3,547,879$194,790,639
99$370,681,381$14,853,979$3,511,791$214,184,005
100$408,331,059$15,422,001$3,469,613$235,540,289