Can I retire at age 44 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$164,332$162,869$161,440$160,046$158,685$157,422
2 years$81,353$79,838$78,369$76,945$75,564$74,290
3 years$53,696$52,175$50,710$49,300$47,941$46,697
4 years$39,871$38,354$36,904$35,518$34,192$32,986
5 years$31,578$30,070$28,639$27,281$25,992$24,829
6 years$26,051$24,554$23,145$21,817$20,567$19,447
7 years$22,105$20,621$19,233$17,937$16,726$15,651
8 years$19,146$17,676$16,311$15,047$13,876$12,846
9 years$16,847$15,390$14,049$12,816$11,686$10,699
10 years$15,008$13,565$12,248$11,048$9,957$9,014
11 years$13,504$12,077$10,783$9,615$8,563$7,663
12 years$12,253$10,839$9,570$8,434$7,421$6,563
13 years$11,194$9,796$8,550$7,446$6,471$5,654
14 years$10,288$8,904$7,682$6,609$5,672$4,896
15 years$9,503$8,134$6,936$5,894$4,994$4,257
16 years$8,816$7,463$6,288$5,278$4,414$3,714
17 years$8,212$6,873$5,722$4,742$3,914$3,251
18 years$7,675$6,351$5,224$4,274$3,480$2,852
19 years$7,195$5,886$4,782$3,862$3,102$2,509
20 years$6,763$5,469$4,389$3,497$2,771$2,210
21 years$6,374$5,095$4,037$3,174$2,479$1,951
22 years$6,020$4,756$3,720$2,886$2,222$1,724
23 years$5,697$4,448$3,435$2,628$1,995$1,526
24 years$5,402$4,167$3,177$2,397$1,793$1,352
25 years$5,131$3,911$2,943$2,189$1,614$1,199
26 years$4,881$3,676$2,729$2,002$1,453$1,064
27 years$4,649$3,459$2,534$1,832$1,310$945
28 years$4,435$3,259$2,356$1,679$1,182$840
29 years$4,236$3,075$2,192$1,539$1,068$747
30 years$4,051$2,904$2,042$1,413$965$665
31 years$3,878$2,745$1,904$1,298$872$592
32 years$3,716$2,598$1,776$1,192$789$527
33 years$3,564$2,460$1,658$1,097$714$470
34 years$3,421$2,331$1,550$1,009$646$419
35 years$3,287$2,211$1,449$929$586$373
36 years$3,161$2,099$1,355$855$530$333
37 years$3,041$1,993$1,269$788$481$297
38 years$2,928$1,894$1,188$726$436$265
39 years$2,822$1,801$1,113$670$395$236
40 years$2,721$1,714$1,043$618$359$211
41 years$2,625$1,632$978$570$325$188
42 years$2,534$1,554$918$526$295$168
43 years$2,447$1,480$861$486$268$150
44 years$2,364$1,411$808$448$243$134
45 years$2,286$1,346$759$414$221$120
46 years$2,211$1,284$713$382$200$107
47 years$2,139$1,225$670$353$182$95
48 years$2,071$1,170$629$327$165$85
49 years$2,006$1,117$591$302$150$76
50 years$1,943$1,067$556$279$136$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,990,000, adding $3,394 every year, while hoping to spend $23,179 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: 58/16/26 Blend
43$1,990,000$1,990,000$1,990,000$1,990,000
44$2,196,481$2,091,011$2,060,166$2,308,180
45$2,395,860$2,168,808$2,104,519$2,462,723
46$2,614,798$2,249,641$2,149,581$2,628,394
47$2,855,267$2,333,633$2,195,352$2,808,549
48$3,119,437$2,420,914$2,241,829$3,004,597
49$3,409,700$2,511,619$2,289,011$3,218,088
50$3,728,691$2,605,889$2,336,894$3,450,729
51$4,079,311$2,703,871$2,385,473$3,704,400
52$4,464,758$2,805,719$2,434,744$3,981,167
53$4,888,557$2,911,592$2,484,701$4,283,308
54$5,354,586$3,021,657$2,535,336$4,613,331
55$5,867,124$3,136,088$2,586,640$4,973,994
56$6,430,882$3,255,067$2,638,603$5,368,338
57$7,051,050$3,378,783$2,691,214$5,799,709
58$7,733,348$3,507,435$2,744,461$6,271,793
59$8,484,078$3,641,227$2,798,328$6,788,648
60$9,310,182$3,780,376$2,852,801$7,354,744
61$10,219,313$3,925,107$2,907,862$7,975,005
62$11,219,899$4,075,653$2,963,492$8,654,852
63$12,321,229$4,232,260$3,019,668$9,400,257
64$13,533,536$4,395,183$3,076,369$10,217,799
65$14,868,098$4,564,688$3,133,569$11,114,724
66$16,337,342$4,741,055$3,191,241$12,099,014
67$17,954,958$4,924,574$3,249,355$13,179,459
68$19,736,033$5,115,549$3,307,879$14,365,747
69$21,697,194$5,314,295$3,366,777$15,668,547
70$23,856,757$5,521,145$3,426,014$17,099,612
71$26,234,909$5,736,444$3,485,548$18,671,892
72$28,853,892$5,960,552$3,545,336$20,399,654
73$31,738,217$6,193,847$3,605,333$22,298,612
74$34,914,891$6,436,722$3,665,488$24,386,084
75$38,413,677$6,689,588$3,725,749$26,681,147
76$42,267,369$6,952,875$3,786,058$29,204,818
77$46,512,106$7,227,031$3,846,357$31,980,254
78$51,187,710$7,512,525$3,906,579$35,032,972
79$56,338,064$7,809,847$3,966,657$38,391,082
80$62,011,524$8,119,507$4,026,517$42,085,558
81$68,261,377$8,442,040$4,086,083$46,150,528
82$75,146,342$8,778,005$4,145,272$50,623,595
83$82,731,127$9,127,984$4,203,996$55,546,191
84$91,087,034$9,492,588$4,262,162$60,963,969
85$100,292,641$9,872,454$4,319,673$66,927,232
86$110,434,533$10,268,247$4,376,425$73,491,407
87$121,608,127$10,680,663$4,432,308$80,717,567
88$133,918,570$11,110,429$4,487,204$88,673,010
89$147,481,731$11,558,307$4,540,992$97,431,888
90$162,425,293$12,025,089$4,593,540$107,075,910
91$178,889,961$12,511,607$4,644,713$117,695,113
92$197,030,791$13,018,729$4,694,364$129,388,707
93$217,018,647$13,547,363$4,742,341$142,266,016
94$239,041,823$14,098,458$4,788,483$156,447,505
95$263,307,812$14,673,005$4,832,620$172,065,915
96$290,045,268$15,272,042$4,874,573$189,267,520
97$319,506,168$15,896,654$4,914,153$208,213,505
98$351,968,182$16,547,975$4,951,162$229,081,484
99$387,737,301$17,227,191$4,985,391$252,067,175
100$427,150,724$17,935,541$5,016,620$277,386,254