Can I retire at age 44 with 880,000?

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 $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%14.1%
1 years$72,670$72,022$71,391$70,774$70,172$68,982
2 years$35,975$35,305$34,656$34,026$33,415$32,219
3 years$23,745$23,072$22,425$21,801$21,200$20,036
4 years$17,631$16,961$16,319$15,706$15,120$13,997
5 years$13,964$13,297$12,664$12,064$11,494$10,415
6 years$11,520$10,858$10,235$9,648$9,095$8,061
7 years$9,775$9,119$8,505$7,932$7,397$6,409
8 years$8,467$7,816$7,213$6,654$6,136$5,194
9 years$7,450$6,806$6,213$5,668$5,168$4,270
10 years$6,637$5,999$5,416$4,886$4,403$3,550
11 years$5,972$5,340$4,768$4,252$3,787$2,977
12 years$5,418$4,793$4,232$3,729$3,281$2,514
13 years$4,950$4,332$3,781$3,293$2,862$2,135
14 years$4,549$3,937$3,397$2,923$2,508$1,822
15 years$4,202$3,597$3,067$2,607$2,209$1,561
16 years$3,899$3,300$2,781$2,334$1,952$1,341
17 years$3,631$3,039$2,530$2,097$1,731$1,156
18 years$3,394$2,808$2,310$1,890$1,539$998
19 years$3,182$2,603$2,115$1,708$1,372$864
20 years$2,991$2,419$1,941$1,547$1,225$749
21 years$2,818$2,253$1,785$1,404$1,096$650
22 years$2,662$2,103$1,645$1,276$983$565
23 years$2,519$1,967$1,519$1,162$882$492
24 years$2,389$1,843$1,405$1,060$793$428
25 years$2,269$1,729$1,301$968$714$373
26 years$2,158$1,625$1,207$885$643$326
27 years$2,056$1,530$1,121$810$579$284
28 years$1,961$1,441$1,042$742$523$248
29 years$1,873$1,360$969$681$472$217
30 years$1,791$1,284$903$625$427$190
31 years$1,715$1,214$842$574$386$166
32 years$1,643$1,149$785$527$349$145
33 years$1,576$1,088$733$485$316$127
34 years$1,513$1,031$685$446$286$111
35 years$1,454$978$641$411$259$97
36 years$1,398$928$599$378$235$85
37 years$1,345$882$561$349$213$74
38 years$1,295$838$525$321$193$65
39 years$1,248$797$492$296$175$57
40 years$1,203$758$461$273$159$50
41 years$1,161$721$433$252$144$44
42 years$1,120$687$406$233$131$38
43 years$1,082$655$381$215$118$34
44 years$1,046$624$357$198$108$29
45 years$1,011$595$336$183$98$26
46 years$978$568$315$169$89$23
47 years$946$542$296$156$80$20
48 years$916$517$278$144$73$17
49 years$887$494$262$133$66$15
50 years$859$472$246$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $880,000, adding $6,228 every year, while hoping to spend $30,567 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: 78/17/5 Blend
43$880,000$880,000$880,000$880,000
44$976,184$929,544$915,904$1,051,608
45$1,043,232$942,569$914,064$1,114,956
46$1,116,094$955,207$911,138$1,179,780
47$1,195,331$967,408$907,056$1,249,948
48$1,281,561$979,117$901,748$1,325,979
49$1,375,461$990,275$895,138$1,408,441
50$1,477,780$1,000,820$887,147$1,497,962
51$1,589,339$1,010,685$877,692$1,595,231
52$1,711,042$1,019,800$866,686$1,701,010
53$1,843,887$1,028,088$854,038$1,816,136
54$1,988,969$1,035,470$839,653$1,941,533
55$2,147,495$1,041,859$823,433$2,078,218
56$2,320,793$1,047,164$805,272$2,227,312
57$2,510,327$1,051,288$785,062$2,390,048
58$2,717,707$1,054,128$762,688$2,567,787
59$2,944,707$1,055,574$738,031$2,762,027
60$3,193,279$1,055,509$710,967$2,974,421
61$3,465,574$1,053,809$681,365$3,206,789
62$3,763,960$1,050,344$649,089$3,461,135
63$4,091,047$1,044,973$613,995$3,739,669
64$4,449,705$1,037,548$575,936$4,044,827
65$4,843,100$1,027,913$534,755$4,379,293
66$5,274,716$1,015,901$490,289$4,746,024
67$5,748,392$1,001,335$442,369$5,148,279
68$6,268,357$984,029$390,817$5,589,651
69$6,839,267$963,784$335,446$6,074,098
70$7,466,253$940,390$276,065$6,605,983
71$8,154,967$913,626$212,469$7,190,114
72$8,911,635$883,255$144,449$7,831,790
73$9,743,117$849,030$71,783$8,536,852
74$10,656,969$810,686$0$9,311,736
75$11,661,515$767,945$0$10,163,844
76$12,765,927$720,512$0$11,104,792
77$13,980,309$668,075$0$12,139,377
78$15,315,795$610,305$0$13,277,110
79$16,784,650$546,853$0$14,528,471
80$18,400,387$477,351$0$15,905,011
81$20,177,895$401,411$0$17,419,459
82$22,133,581$318,620$0$19,085,843
83$24,285,519$228,546$0$20,919,622
84$26,653,626$130,728$0$22,937,834
85$29,259,845$24,684$0$25,159,255
86$32,128,357$0$0$27,604,578
87$35,285,803$0$0$30,313,462
88$38,761,540$0$0$33,300,537
89$42,587,915$0$0$36,588,990
90$46,800,569$0$0$40,209,456
91$51,438,778$0$0$44,195,694
92$56,545,818$0$0$48,584,902
93$62,169,375$0$0$53,418,068
94$68,361,995$0$0$58,740,359
95$75,181,579$0$0$64,601,543
96$82,691,931$0$0$71,056,463
97$90,963,356$0$0$78,165,549
98$100,073,327$0$0$85,995,394
99$110,107,215$0$0$94,619,378
100$121,159,090$0$0$104,118,361