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%14.2%
1 years$164,332$162,869$161,440$160,046$158,685$155,928
2 years$81,353$79,838$78,369$76,945$75,564$72,796
3 years$53,696$52,175$50,710$49,300$47,941$45,247
4 years$39,871$38,354$36,904$35,518$34,192$31,593
5 years$31,578$30,070$28,639$27,281$25,992$23,496
6 years$26,051$24,554$23,145$21,817$20,567$18,176
7 years$22,105$20,621$19,233$17,937$16,726$14,442
8 years$19,146$17,676$16,311$15,047$13,876$11,697
9 years$16,847$15,390$14,049$12,816$11,686$9,612
10 years$15,008$13,565$12,248$11,048$9,957$7,985
11 years$13,504$12,077$10,783$9,615$8,563$6,692
12 years$12,253$10,839$9,570$8,434$7,421$5,648
13 years$11,194$9,796$8,550$7,446$6,471$4,794
14 years$10,288$8,904$7,682$6,609$5,672$4,088
15 years$9,503$8,134$6,936$5,894$4,994$3,499
16 years$8,816$7,463$6,288$5,278$4,414$3,005
17 years$8,212$6,873$5,722$4,742$3,914$2,588
18 years$7,675$6,351$5,224$4,274$3,480$2,233
19 years$7,195$5,886$4,782$3,862$3,102$1,931
20 years$6,763$5,469$4,389$3,497$2,771$1,673
21 years$6,374$5,095$4,037$3,174$2,479$1,451
22 years$6,020$4,756$3,720$2,886$2,222$1,261
23 years$5,697$4,448$3,435$2,628$1,995$1,096
24 years$5,402$4,167$3,177$2,397$1,793$954
25 years$5,131$3,911$2,943$2,189$1,614$831
26 years$4,881$3,676$2,729$2,002$1,453$724
27 years$4,649$3,459$2,534$1,832$1,310$632
28 years$4,435$3,259$2,356$1,679$1,182$551
29 years$4,236$3,075$2,192$1,539$1,068$481
30 years$4,051$2,904$2,042$1,413$965$420
31 years$3,878$2,745$1,904$1,298$872$367
32 years$3,716$2,598$1,776$1,192$789$321
33 years$3,564$2,460$1,658$1,097$714$280
34 years$3,421$2,331$1,550$1,009$646$245
35 years$3,287$2,211$1,449$929$586$214
36 years$3,161$2,099$1,355$855$530$187
37 years$3,041$1,993$1,269$788$481$164
38 years$2,928$1,894$1,188$726$436$143
39 years$2,822$1,801$1,113$670$395$126
40 years$2,721$1,714$1,043$618$359$110
41 years$2,625$1,632$978$570$325$96
42 years$2,534$1,554$918$526$295$84
43 years$2,447$1,480$861$486$268$74
44 years$2,364$1,411$808$448$243$64
45 years$2,286$1,346$759$414$221$56
46 years$2,211$1,284$713$382$200$49
47 years$2,139$1,225$670$353$182$43
48 years$2,071$1,170$629$327$165$38
49 years$2,006$1,117$591$302$150$33
50 years$1,943$1,067$556$279$136$29

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 $2,994 every year, while hoping to spend $22,214 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: 64/20/16 Blend
43$1,990,000$1,990,000$1,990,000$1,990,000
44$2,196,068$2,090,598$2,059,753$2,327,803
45$2,396,432$2,169,402$2,105,120$2,495,300
46$2,616,488$2,251,323$2,151,261$2,675,378
47$2,858,221$2,336,490$2,198,180$2,871,556
48$3,123,820$2,425,037$2,245,879$3,085,406
49$3,415,692$2,517,107$2,294,359$3,318,656
50$3,736,493$2,612,845$2,343,620$3,573,210
51$4,089,145$2,712,405$2,393,661$3,851,161
52$4,476,872$2,815,946$2,444,483$4,154,816
53$4,903,221$2,923,636$2,496,081$4,486,712
54$5,372,104$3,035,649$2,548,455$4,849,643
55$5,887,829$3,152,166$2,601,598$5,246,686
56$6,455,143$3,273,377$2,655,506$5,681,226
57$7,079,275$3,399,480$2,710,174$6,156,995
58$7,765,989$3,530,682$2,765,592$6,678,097
59$8,521,633$3,667,199$2,821,753$7,249,056
60$9,353,204$3,809,256$2,878,645$7,874,850
61$10,268,409$3,957,088$2,936,258$8,560,963
62$11,275,742$4,110,941$2,994,579$9,313,435
63$12,384,562$4,271,071$3,053,591$10,138,919
64$13,605,180$4,437,746$3,113,280$11,044,740
65$14,948,959$4,611,247$3,173,625$12,038,968
66$16,428,420$4,791,865$3,234,608$13,130,491
67$18,057,357$4,979,904$3,296,206$14,329,099
68$19,850,973$5,175,685$3,358,395$15,645,577
69$21,826,019$5,379,540$3,421,147$17,091,805
70$24,000,951$5,591,816$3,484,434$18,680,868
71$26,396,111$5,812,878$3,548,225$20,427,183
72$29,033,909$6,043,103$3,612,485$22,346,631
73$31,939,042$6,282,890$3,677,178$24,456,707
74$35,138,725$6,532,652$3,742,264$26,776,685
75$38,662,945$6,792,822$3,807,700$29,327,798
76$42,544,748$7,063,853$3,873,441$32,133,441
77$46,820,547$7,346,217$3,939,436$35,219,386
78$51,530,470$7,640,409$4,005,634$38,614,030
79$56,718,733$7,946,943$4,071,978$42,348,656
80$62,434,061$8,266,361$4,138,407$46,457,733
81$68,730,148$8,599,226$4,204,856$50,979,238
82$75,666,163$8,946,128$4,271,259$55,955,014
83$83,307,305$9,307,682$4,337,540$61,431,162
84$91,725,425$9,684,533$4,403,622$67,458,478
85$100,999,697$10,077,353$4,469,422$74,092,932
86$111,217,371$10,486,848$4,534,852$81,396,192
87$122,474,592$10,913,753$4,599,819$89,436,206
88$134,877,311$11,358,838$4,664,223$98,287,844
89$148,542,282$11,822,906$4,727,960$108,033,603
90$163,598,165$12,306,799$4,790,917$118,764,383
91$180,186,743$12,811,397$4,852,978$130,580,344
92$198,464,255$13,337,620$4,914,017$143,591,852
93$218,602,875$13,886,429$4,973,902$157,920,518
94$240,792,335$14,458,831$5,032,495$173,700,344
95$265,241,717$15,055,877$5,089,647$191,078,989
96$292,181,425$15,678,669$5,145,204$210,219,157
97$321,865,363$16,328,356$5,199,001$231,300,137
98$354,573,328$17,006,143$5,250,865$254,519,486
99$390,613,652$17,713,289$5,300,614$280,094,902
100$430,326,116$18,451,112$5,348,056$308,266,269