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%12.1%
1 years$163,507$162,050$160,629$159,242$157,888$156,500
2 years$80,944$79,436$77,975$76,559$75,185$73,786
3 years$53,427$51,913$50,455$49,052$47,700$46,334
4 years$39,671$38,161$36,718$35,339$34,020$32,697
5 years$31,419$29,919$28,495$27,144$25,862$24,586
6 years$25,920$24,431$23,028$21,707$20,463$19,236
7 years$21,994$20,517$19,137$17,847$16,642$15,464
8 years$19,050$17,587$16,229$14,971$13,806$12,678
9 years$16,762$15,313$13,978$12,752$11,627$10,547
10 years$14,932$13,497$12,187$10,992$9,907$8,875
11 years$13,437$12,016$10,729$9,567$8,520$7,536
12 years$12,191$10,785$9,522$8,391$7,383$6,446
13 years$11,138$9,746$8,507$7,408$6,438$5,546
14 years$10,236$8,859$7,644$6,576$5,644$4,796
15 years$9,455$8,093$6,901$5,865$4,969$4,164
16 years$8,772$7,425$6,257$5,251$4,392$3,629
17 years$8,170$6,838$5,693$4,718$3,894$3,171
18 years$7,636$6,319$5,197$4,252$3,463$2,779
19 years$7,159$5,856$4,758$3,842$3,086$2,440
20 years$6,729$5,442$4,367$3,480$2,757$2,147
21 years$6,342$5,069$4,016$3,158$2,467$1,892
22 years$5,989$4,732$3,702$2,871$2,211$1,670
23 years$5,668$4,425$3,418$2,615$1,985$1,476
24 years$5,375$4,146$3,161$2,385$1,784$1,305
25 years$5,105$3,891$2,928$2,178$1,605$1,156
26 years$4,856$3,657$2,715$1,992$1,446$1,024
27 years$4,626$3,442$2,521$1,823$1,304$908
28 years$4,413$3,243$2,344$1,670$1,176$806
29 years$4,215$3,059$2,181$1,532$1,062$716
30 years$4,030$2,889$2,032$1,406$960$636
31 years$3,858$2,731$1,894$1,291$868$565
32 years$3,697$2,584$1,767$1,186$785$503
33 years$3,546$2,448$1,650$1,091$710$447
34 years$3,404$2,320$1,542$1,004$643$398
35 years$3,270$2,200$1,441$924$583$354
36 years$3,145$2,088$1,348$851$528$315
37 years$3,026$1,983$1,262$784$478$281
38 years$2,914$1,885$1,182$723$434$250
39 years$2,808$1,792$1,107$666$393$223
40 years$2,707$1,705$1,038$615$357$198
41 years$2,612$1,623$973$567$324$177
42 years$2,521$1,546$913$523$294$158
43 years$2,435$1,473$857$483$267$140
44 years$2,353$1,404$804$446$242$125
45 years$2,274$1,339$755$412$220$112
46 years$2,200$1,277$709$381$199$99
47 years$2,129$1,219$666$352$181$89
48 years$2,060$1,164$626$325$164$79
49 years$1,995$1,111$588$300$149$71
50 years$1,933$1,061$553$278$136$63

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 $3,818 every year, while hoping to spend $24,318 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: 62/17/21 Blend
43$1,980,000$1,980,000$1,980,000$1,980,000
44$2,185,898$2,080,958$2,050,268$2,309,261
45$2,382,986$2,157,051$2,093,078$2,469,123
46$2,599,361$2,236,057$2,136,507$2,640,538
47$2,836,966$2,318,094$2,180,550$2,827,134
48$3,097,939$2,403,284$2,225,201$3,030,392
49$3,384,638$2,491,753$2,270,454$3,251,945
50$3,699,656$2,583,635$2,316,300$3,493,586
51$4,045,855$2,679,067$2,362,730$3,757,293
52$4,426,385$2,778,193$2,409,734$4,045,242
53$4,844,716$2,881,164$2,457,299$4,359,828
54$5,304,672$2,988,136$2,505,414$4,703,689
55$5,810,466$3,099,273$2,554,063$5,079,730
56$6,366,739$3,214,743$2,603,230$5,491,149
57$6,978,606$3,334,725$2,652,898$5,941,467
58$7,651,702$3,459,404$2,703,047$6,434,564
59$8,392,233$3,588,972$2,753,657$6,974,710
60$9,207,040$3,723,631$2,804,704$7,566,610
61$10,103,659$3,863,591$2,856,163$8,215,446
62$11,090,395$4,009,069$2,908,007$8,926,924
63$12,176,397$4,160,296$2,960,207$9,707,330
64$13,371,747$4,317,508$3,012,731$10,563,588
65$14,687,554$4,480,954$3,065,546$11,503,325
66$16,136,057$4,650,893$3,118,615$12,534,943
67$17,730,744$4,827,596$3,171,898$13,667,696
68$19,486,477$5,011,346$3,225,353$14,911,779
69$21,419,631$5,202,435$3,278,936$16,278,425
70$23,548,252$5,401,173$3,332,599$17,780,005
71$25,892,222$5,607,878$3,386,289$19,430,153
72$28,473,451$5,822,887$3,439,953$21,243,885
73$31,316,083$6,046,548$3,493,531$23,237,747
74$34,446,721$6,279,227$3,546,962$25,429,967
75$37,894,681$6,521,303$3,600,179$27,840,627
76$41,692,266$6,773,174$3,653,112$30,491,856
77$45,875,072$7,035,256$3,705,687$33,408,032
78$50,482,327$7,307,980$3,757,825$36,616,016
79$55,557,253$7,591,800$3,809,441$40,145,403
80$61,147,482$7,887,187$3,860,446$44,028,802
81$67,305,501$8,194,636$3,910,747$48,302,141
82$74,089,149$8,514,660$3,960,244$53,005,008
83$81,562,162$8,847,797$4,008,832$58,181,025
84$89,794,773$9,194,610$4,056,398$63,878,253
85$98,864,378$9,555,684$4,102,826$70,149,652
86$108,856,265$9,931,633$4,147,991$77,053,576
87$119,864,418$10,323,097$4,191,763$84,654,324
88$131,992,404$10,730,744$4,234,002$93,022,748
89$145,354,352$11,155,273$4,274,564$102,236,918
90$160,076,028$11,597,414$4,313,294$112,382,860
91$176,296,025$12,057,929$4,350,031$123,555,366
92$194,167,066$12,537,615$4,384,604$135,858,889
93$213,857,453$13,037,304$4,416,835$149,408,529
94$235,552,648$13,557,866$4,446,533$164,331,115
95$259,457,027$14,100,211$4,473,501$180,766,405
96$285,795,810$14,665,287$4,497,529$198,868,402
97$314,817,185$15,254,089$4,518,399$218,806,808
98$346,794,651$15,867,653$4,535,879$240,768,625
99$382,029,602$16,507,064$4,549,727$264,959,916
100$420,854,168$17,173,457$4,559,690$291,607,754