Can I retire at age 44 with 880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$72,670$72,022$71,391$70,774$70,172$68,008
2 years$35,975$35,305$34,656$34,026$33,415$31,254
3 years$23,745$23,072$22,425$21,801$21,200$19,109
4 years$17,631$16,961$16,319$15,706$15,120$13,115
5 years$13,964$13,297$12,664$12,064$11,494$9,581
6 years$11,520$10,858$10,235$9,648$9,095$7,276
7 years$9,775$9,119$8,505$7,932$7,397$5,671
8 years$8,467$7,816$7,213$6,654$6,136$4,503
9 years$7,450$6,806$6,213$5,668$5,168$3,625
10 years$6,637$5,999$5,416$4,886$4,403$2,949
11 years$5,972$5,340$4,768$4,252$3,787$2,418
12 years$5,418$4,793$4,232$3,729$3,281$1,996
13 years$4,950$4,332$3,781$3,293$2,862$1,656
14 years$4,549$3,937$3,397$2,923$2,508$1,380
15 years$4,202$3,597$3,067$2,607$2,209$1,153
16 years$3,899$3,300$2,781$2,334$1,952$967
17 years$3,631$3,039$2,530$2,097$1,731$812
18 years$3,394$2,808$2,310$1,890$1,539$684
19 years$3,182$2,603$2,115$1,708$1,372$576
20 years$2,991$2,419$1,941$1,547$1,225$487
21 years$2,818$2,253$1,785$1,404$1,096$411
22 years$2,662$2,103$1,645$1,276$983$348
23 years$2,519$1,967$1,519$1,162$882$295
24 years$2,389$1,843$1,405$1,060$793$250
25 years$2,269$1,729$1,301$968$714$212
26 years$2,158$1,625$1,207$885$643$179
27 years$2,056$1,530$1,121$810$579$152
28 years$1,961$1,441$1,042$742$523$129
29 years$1,873$1,360$969$681$472$110
30 years$1,791$1,284$903$625$427$93
31 years$1,715$1,214$842$574$386$79
32 years$1,643$1,149$785$527$349$67
33 years$1,576$1,088$733$485$316$57
34 years$1,513$1,031$685$446$286$49
35 years$1,454$978$641$411$259$41
36 years$1,398$928$599$378$235$35
37 years$1,345$882$561$349$213$30
38 years$1,295$838$525$321$193$25
39 years$1,248$797$492$296$175$22
40 years$1,203$758$461$273$159$18
41 years$1,161$721$433$252$144$16
42 years$1,120$687$406$233$131$13
43 years$1,082$655$381$215$118$11
44 years$1,046$624$357$198$108$10
45 years$1,011$595$336$183$98$8
46 years$978$568$315$169$89$7
47 years$946$542$296$156$80$6
48 years$916$517$278$144$73$5
49 years$887$494$262$133$66$4
50 years$859$472$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $880,000, adding $6,137 every year, while hoping to spend $40,630 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: 62/24/14 Blend
43$880,000$880,000$880,000$880,000
44$976,090$929,450$915,810$1,032,906
45$1,032,422$931,763$903,260$1,074,110
46$1,093,137$932,828$888,927$1,113,896
47$1,158,640$932,540$872,710$1,156,344
48$1,229,376$930,789$854,501$1,201,713
49$1,305,833$927,458$834,187$1,250,293
50$1,388,547$922,422$811,650$1,302,400
51$1,478,107$915,549$786,769$1,358,388
52$1,575,162$906,700$759,414$1,418,644
53$1,680,424$895,724$729,451$1,483,600
54$1,794,679$882,466$696,738$1,553,731
55$1,918,787$866,757$661,130$1,629,563
56$2,053,697$848,422$622,472$1,711,678
57$2,200,453$827,274$580,603$1,800,717
58$2,360,202$803,113$535,356$1,897,392
59$2,534,207$775,730$486,555$2,002,487
60$2,723,859$744,904$434,018$2,116,870
61$2,930,687$710,398$377,552$2,241,499
62$3,156,375$671,965$316,957$2,377,433
63$3,402,775$629,342$252,026$2,525,842
64$3,671,929$582,251$182,539$2,688,018
65$3,966,082$530,397$108,270$2,865,390
66$4,287,706$473,470$28,981$3,059,534
67$4,639,524$411,142$0$3,272,192
68$5,024,534$343,066$0$3,513,598
69$5,446,035$268,875$0$3,782,726
70$5,907,663$188,182$0$4,077,627
71$6,413,420$100,579$0$4,400,933
72$6,967,714$5,633$0$4,755,547
73$7,575,400$0$0$5,144,671
74$8,241,826$0$0$5,597,484
75$8,972,879$0$0$6,095,909
76$9,775,047$0$0$6,642,888
77$10,655,474$0$0$7,243,303
78$11,622,031$0$0$7,902,530
79$12,683,388$0$0$8,626,491
80$13,849,094$0$0$9,421,710
81$15,129,670$0$0$10,295,373
82$16,536,705$0$0$11,255,399
83$18,082,969$0$0$12,310,509
84$19,782,526$0$0$13,470,313
85$21,650,873$0$0$14,745,396
86$23,705,084$0$0$16,147,424
87$25,963,967$0$0$17,689,245
88$28,448,247$0$0$19,385,018
89$31,180,756$0$0$21,250,340
90$34,186,651$0$0$23,302,400
91$37,493,649$0$0$25,560,131
92$41,132,290$0$0$28,044,400
93$45,136,222$0$0$30,778,193
94$49,542,520$0$0$33,786,841
95$54,392,038$0$0$37,098,254
96$59,729,785$0$0$40,743,183
97$65,605,360$0$0$44,755,513
98$72,073,413$0$0$49,172,581
99$79,194,160$0$0$54,035,529
100$87,033,956$0$0$59,389,688