Can I retire at age 44 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$163,507$162,050$160,629$159,242$157,888$154,134
2 years$80,944$79,436$77,975$76,559$75,185$71,424
3 years$53,427$51,913$50,455$49,052$47,700$44,051
4 years$39,671$38,161$36,718$35,339$34,020$30,511
5 years$31,419$29,919$28,495$27,144$25,862$22,501
6 years$25,920$24,431$23,028$21,707$20,463$17,256
7 years$21,994$20,517$19,137$17,847$16,642$13,588
8 years$19,050$17,587$16,229$14,971$13,806$10,904
9 years$16,762$15,313$13,978$12,752$11,627$8,874
10 years$14,932$13,497$12,187$10,992$9,907$7,300
11 years$13,437$12,016$10,729$9,567$8,520$6,056
12 years$12,191$10,785$9,522$8,391$7,383$5,058
13 years$11,138$9,746$8,507$7,408$6,438$4,248
14 years$10,236$8,859$7,644$6,576$5,644$3,583
15 years$9,455$8,093$6,901$5,865$4,969$3,033
16 years$8,772$7,425$6,257$5,251$4,392$2,576
17 years$8,170$6,838$5,693$4,718$3,894$2,193
18 years$7,636$6,319$5,197$4,252$3,463$1,870
19 years$7,159$5,856$4,758$3,842$3,086$1,598
20 years$6,729$5,442$4,367$3,480$2,757$1,368
21 years$6,342$5,069$4,016$3,158$2,467$1,172
22 years$5,989$4,732$3,702$2,871$2,211$1,006
23 years$5,668$4,425$3,418$2,615$1,985$864
24 years$5,375$4,146$3,161$2,385$1,784$742
25 years$5,105$3,891$2,928$2,178$1,605$638
26 years$4,856$3,657$2,715$1,992$1,446$549
27 years$4,626$3,442$2,521$1,823$1,304$473
28 years$4,413$3,243$2,344$1,670$1,176$407
29 years$4,215$3,059$2,181$1,532$1,062$351
30 years$4,030$2,889$2,032$1,406$960$302
31 years$3,858$2,731$1,894$1,291$868$261
32 years$3,697$2,584$1,767$1,186$785$225
33 years$3,546$2,448$1,650$1,091$710$194
34 years$3,404$2,320$1,542$1,004$643$167
35 years$3,270$2,200$1,441$924$583$144
36 years$3,145$2,088$1,348$851$528$125
37 years$3,026$1,983$1,262$784$478$107
38 years$2,914$1,885$1,182$723$434$93
39 years$2,808$1,792$1,107$666$393$80
40 years$2,707$1,705$1,038$615$357$69
41 years$2,612$1,623$973$567$324$60
42 years$2,521$1,546$913$523$294$51
43 years$2,435$1,473$857$483$267$44
44 years$2,353$1,404$804$446$242$38
45 years$2,274$1,339$755$412$220$33
46 years$2,200$1,277$709$381$199$29
47 years$2,129$1,219$666$352$181$25
48 years$2,060$1,164$626$325$164$21
49 years$1,995$1,111$588$300$149$18
50 years$1,933$1,061$553$278$136$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,980,000, adding $3,417 every year, while hoping to spend $27,304 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: 67/28/5 Blend
43$1,980,000$1,980,000$1,980,000$1,980,000
44$2,185,485$2,080,545$2,049,855$2,330,359
45$2,379,353$2,153,440$2,089,474$2,499,686
46$2,592,080$2,228,992$2,129,505$2,681,088
47$2,825,562$2,307,303$2,169,933$2,878,646
48$3,081,886$2,388,476$2,210,741$3,093,933
49$3,363,350$2,472,623$2,251,913$3,328,676
50$3,672,487$2,559,858$2,293,428$3,584,779
51$4,012,088$2,650,298$2,335,265$3,864,335
52$4,385,226$2,744,067$2,377,401$4,169,650
53$4,795,287$2,841,294$2,419,812$4,503,258
54$5,246,001$2,942,113$2,462,470$4,867,954
55$5,741,478$3,046,662$2,505,348$5,266,809
56$6,286,246$3,155,085$2,548,415$5,703,210
57$6,885,294$3,267,535$2,591,637$6,180,880
58$7,544,116$3,384,166$2,634,979$6,703,923
59$8,268,769$3,505,143$2,678,404$7,276,855
60$9,065,923$3,630,636$2,721,871$7,904,650
61$9,942,931$3,760,820$2,765,336$8,592,786
62$10,907,890$3,895,880$2,808,755$9,347,293
63$11,969,724$4,036,008$2,852,078$10,174,815
64$13,138,266$4,181,403$2,895,253$11,082,666
65$14,424,350$4,332,272$2,938,225$12,078,905
66$15,839,912$4,488,832$2,980,934$13,172,406
67$17,398,107$4,651,309$3,023,319$14,372,944
68$19,113,428$4,819,936$3,065,314$15,691,284
69$21,001,843$4,994,959$3,106,848$17,139,287
70$23,080,950$5,176,631$3,147,846$18,730,016
71$25,370,140$5,365,219$3,188,232$20,477,861
72$27,890,777$5,560,997$3,227,920$22,398,675
73$30,666,405$5,764,255$3,266,824$24,509,920
74$33,722,966$5,975,291$3,304,850$26,830,835
75$37,089,046$6,194,419$3,341,901$29,382,612
76$40,796,147$6,421,963$3,377,873$32,188,600
77$44,878,979$6,658,264$3,412,656$35,274,522
78$49,375,790$6,903,674$3,446,136$38,668,717
79$54,328,730$7,158,563$3,478,191$42,402,406
80$59,784,243$7,423,315$3,508,692$46,509,988
81$65,793,508$7,698,331$3,537,506$51,029,363
82$72,412,924$7,984,027$3,564,490$56,002,285
83$79,704,637$8,280,839$3,589,496$61,474,762
84$87,737,131$8,589,221$3,612,365$67,497,482
85$96,585,872$8,909,647$3,632,933$74,126,297
86$106,334,021$9,242,609$3,651,026$81,422,742
87$117,073,217$9,588,623$3,666,461$89,454,622
88$128,904,444$9,948,224$3,679,047$98,296,645
89$141,938,984$10,321,974$3,688,582$108,031,129
90$156,299,465$10,710,456$3,694,854$118,748,776
91$172,121,021$11,114,278$3,697,641$130,549,527
92$189,552,564$11,534,077$3,696,711$143,543,507
93$208,758,193$11,970,514$3,691,819$157,852,058
94$229,918,741$12,424,282$3,682,707$173,608,886
95$253,233,482$12,896,101$3,669,108$190,961,323
96$278,922,013$13,386,725$3,650,738$210,071,710
97$307,226,323$13,896,939$3,627,302$231,118,936
98$338,413,082$14,427,563$3,598,491$254,300,118
99$372,776,155$14,979,453$3,563,979$279,832,464
100$410,639,377$15,553,500$3,523,427$307,955,318