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%18%
1 years$163,507$162,050$160,629$159,242$157,888$152,773
2 years$80,944$79,436$77,975$76,559$75,185$70,079
3 years$53,427$51,913$50,455$49,052$47,700$42,765
4 years$39,671$38,161$36,718$35,339$34,020$29,292
5 years$31,419$29,919$28,495$27,144$25,862$21,354
6 years$25,920$24,431$23,028$21,707$20,463$16,180
7 years$21,994$20,517$19,137$17,847$16,642$12,583
8 years$19,050$17,587$16,229$14,971$13,806$9,968
9 years$16,762$15,313$13,978$12,752$11,627$8,005
10 years$14,932$13,497$12,187$10,992$9,907$6,495
11 years$13,437$12,016$10,729$9,567$8,520$5,313
12 years$12,191$10,785$9,522$8,391$7,383$4,374
13 years$11,138$9,746$8,507$7,408$6,438$3,619
14 years$10,236$8,859$7,644$6,576$5,644$3,006
15 years$9,455$8,093$6,901$5,865$4,969$2,506
16 years$8,772$7,425$6,257$5,251$4,392$2,095
17 years$8,170$6,838$5,693$4,718$3,894$1,755
18 years$7,636$6,319$5,197$4,252$3,463$1,473
19 years$7,159$5,856$4,758$3,842$3,086$1,238
20 years$6,729$5,442$4,367$3,480$2,757$1,042
21 years$6,342$5,069$4,016$3,158$2,467$878
22 years$5,989$4,732$3,702$2,871$2,211$740
23 years$5,668$4,425$3,418$2,615$1,985$625
24 years$5,375$4,146$3,161$2,385$1,784$528
25 years$5,105$3,891$2,928$2,178$1,605$446
26 years$4,856$3,657$2,715$1,992$1,446$377
27 years$4,626$3,442$2,521$1,823$1,304$319
28 years$4,413$3,243$2,344$1,670$1,176$270
29 years$4,215$3,059$2,181$1,532$1,062$228
30 years$4,030$2,889$2,032$1,406$960$193
31 years$3,858$2,731$1,894$1,291$868$164
32 years$3,697$2,584$1,767$1,186$785$138
33 years$3,546$2,448$1,650$1,091$710$117
34 years$3,404$2,320$1,542$1,004$643$99
35 years$3,270$2,200$1,441$924$583$84
36 years$3,145$2,088$1,348$851$528$71
37 years$3,026$1,983$1,262$784$478$60
38 years$2,914$1,885$1,182$723$434$51
39 years$2,808$1,792$1,107$666$393$43
40 years$2,707$1,705$1,038$615$357$37
41 years$2,612$1,623$973$567$324$31
42 years$2,521$1,546$913$523$294$26
43 years$2,435$1,473$857$483$267$22
44 years$2,353$1,404$804$446$242$19
45 years$2,274$1,339$755$412$220$16
46 years$2,200$1,277$709$381$199$14
47 years$2,129$1,219$666$352$181$12
48 years$2,060$1,164$626$325$164$10
49 years$1,995$1,111$588$300$149$8
50 years$1,933$1,061$553$278$136$7

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 $4,779 every year, while hoping to spend $54,221 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: 67/6/27 Blend
43$1,980,000$1,980,000$1,980,000$1,980,000
44$2,186,890$2,081,950$2,051,260$2,317,704
45$2,352,262$2,126,274$2,062,286$2,450,701
46$2,532,684$2,170,954$2,071,865$2,589,545
47$2,729,636$2,215,948$2,079,890$2,740,184
48$2,944,742$2,261,213$2,086,250$2,903,785
49$3,179,796$2,306,702$2,090,829$3,081,635
50$3,436,767$2,352,363$2,093,504$3,275,153
51$3,717,827$2,398,139$2,094,146$3,485,902
52$4,025,367$2,443,969$2,092,621$3,715,606
53$4,362,018$2,489,787$2,088,788$3,966,164
54$4,730,678$2,535,521$2,082,496$4,239,671
55$5,134,539$2,581,093$2,073,592$4,538,434
56$5,577,116$2,626,421$2,061,911$4,864,999
57$6,062,279$2,671,413$2,047,283$5,222,170
58$6,594,293$2,715,974$2,029,528$5,613,039
59$7,177,853$2,759,998$2,008,459$6,041,014
60$7,818,130$2,803,374$1,983,878$6,509,853
61$8,520,822$2,845,982$1,955,581$7,023,696
62$9,292,203$2,887,692$1,923,350$7,587,109
63$10,139,186$2,928,368$1,886,961$8,205,124
64$11,069,386$2,967,861$1,846,177$8,883,288
65$12,091,191$3,006,013$1,800,751$9,627,715
66$13,213,840$3,042,656$1,750,424$10,445,147
67$14,447,514$3,077,608$1,694,926$11,343,011
68$15,803,427$3,110,678$1,633,973$12,329,497
69$17,293,935$3,141,659$1,567,269$13,413,634
70$18,932,649$3,170,334$1,494,506$14,605,370
71$20,734,567$3,196,467$1,415,359$15,915,673
72$22,716,209$3,219,811$1,329,490$17,356,634
73$24,895,781$3,240,100$1,236,546$18,941,578
74$27,293,339$3,257,053$1,136,159$20,685,193
75$29,930,980$3,270,369$1,027,940$22,603,668
76$32,833,053$3,279,730$911,489$24,714,849
77$36,026,384$3,284,797$786,384$27,038,404
78$39,540,532$3,285,209$652,185$29,596,012
79$43,408,067$3,280,584$508,434$32,411,570
80$47,664,874$3,270,517$354,650$35,511,413
81$52,350,494$3,254,575$190,334$38,924,571
82$57,508,497$3,232,302$14,963$42,683,039
83$63,186,891$3,203,213$0$46,822,080
84$69,438,577$3,166,793$0$51,430,169
85$76,321,843$3,122,497$0$56,508,361
86$83,900,918$3,069,747$0$62,099,727
87$92,246,579$3,007,931$0$68,256,483
88$101,436,811$2,936,401$0$75,036,169
89$111,557,551$2,854,470$0$82,502,189
90$122,703,493$2,761,411$0$90,724,413
91$134,978,984$2,656,455$0$99,779,835
92$148,499,007$2,538,788$0$109,753,299
93$163,390,266$2,407,548$0$120,738,299
94$179,792,380$2,261,825$0$132,837,864
95$197,859,204$2,100,655$0$146,165,528
96$217,760,276$1,923,020$0$160,846,402
97$239,682,419$1,727,843$0$177,018,357
98$263,831,504$1,513,986$0$194,833,321
99$290,434,393$1,280,247$0$214,458,718
100$319,741,076$1,025,355$0$236,079,044