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%13.2%
1 years$72,670$72,022$71,391$70,774$70,172$69,238
2 years$35,975$35,305$34,656$34,026$33,415$32,476
3 years$23,745$23,072$22,425$21,801$21,200$20,284
4 years$17,631$16,961$16,319$15,706$15,120$14,235
5 years$13,964$13,297$12,664$12,064$11,494$10,642
6 years$11,520$10,858$10,235$9,648$9,095$8,277
7 years$9,775$9,119$8,505$7,932$7,397$6,614
8 years$8,467$7,816$7,213$6,654$6,136$5,388
9 years$7,450$6,806$6,213$5,668$5,168$4,453
10 years$6,637$5,999$5,416$4,886$4,403$3,723
11 years$5,972$5,340$4,768$4,252$3,787$3,139
12 years$5,418$4,793$4,232$3,729$3,281$2,667
13 years$4,950$4,332$3,781$3,293$2,862$2,278
14 years$4,549$3,937$3,397$2,923$2,508$1,956
15 years$4,202$3,597$3,067$2,607$2,209$1,686
16 years$3,899$3,300$2,781$2,334$1,952$1,458
17 years$3,631$3,039$2,530$2,097$1,731$1,264
18 years$3,394$2,808$2,310$1,890$1,539$1,099
19 years$3,182$2,603$2,115$1,708$1,372$957
20 years$2,991$2,419$1,941$1,547$1,225$836
21 years$2,818$2,253$1,785$1,404$1,096$730
22 years$2,662$2,103$1,645$1,276$983$639
23 years$2,519$1,967$1,519$1,162$882$560
24 years$2,389$1,843$1,405$1,060$793$491
25 years$2,269$1,729$1,301$968$714$431
26 years$2,158$1,625$1,207$885$643$379
27 years$2,056$1,530$1,121$810$579$333
28 years$1,961$1,441$1,042$742$523$293
29 years$1,873$1,360$969$681$472$258
30 years$1,791$1,284$903$625$427$227
31 years$1,715$1,214$842$574$386$200
32 years$1,643$1,149$785$527$349$176
33 years$1,576$1,088$733$485$316$155
34 years$1,513$1,031$685$446$286$137
35 years$1,454$978$641$411$259$121
36 years$1,398$928$599$378$235$107
37 years$1,345$882$561$349$213$94
38 years$1,295$838$525$321$193$83
39 years$1,248$797$492$296$175$73
40 years$1,203$758$461$273$159$65
41 years$1,161$721$433$252$144$57
42 years$1,120$687$406$233$131$50
43 years$1,082$655$381$215$118$44
44 years$1,046$624$357$198$108$39
45 years$1,011$595$336$183$98$35
46 years$978$568$315$169$89$31
47 years$946$542$296$156$80$27
48 years$916$517$278$144$73$24
49 years$887$494$262$133$66$21
50 years$859$472$246$123$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $880,000, adding $6,760 every year, while hoping to spend $33,960 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: 50/41/9 Blend
43$880,000$880,000$880,000$880,000
44$976,733$930,093$916,453$1,022,931
45$1,040,227$939,534$911,021$1,064,665
46$1,109,058$948,300$904,269$1,105,818
47$1,183,737$956,321$896,116$1,149,745
48$1,264,821$963,525$886,480$1,196,714
49$1,352,928$969,832$875,271$1,247,023
50$1,448,732$975,159$862,399$1,301,001
51$1,552,980$979,419$847,766$1,359,010
52$1,666,489$982,516$831,272$1,421,454
53$1,790,163$984,351$812,811$1,488,774
54$1,924,992$984,817$792,273$1,561,464
55$2,072,069$983,801$769,542$1,640,064
56$2,232,597$981,184$744,498$1,725,174
57$2,407,897$976,837$717,014$1,817,457
58$2,599,426$970,626$686,958$1,917,645
59$2,808,788$962,407$654,191$2,026,547
60$3,037,748$952,028$618,570$2,145,057
61$3,288,249$939,328$579,943$2,274,162
62$3,562,432$924,137$538,152$2,414,955
63$3,862,653$906,273$493,034$2,568,639
64$4,191,507$885,544$444,414$2,736,548
65$4,551,853$861,748$392,114$2,920,152
66$4,946,838$834,669$335,946$3,121,074
67$5,379,928$804,081$275,712$3,341,110
68$5,854,941$769,741$211,210$3,582,241
69$6,376,083$731,397$142,223$3,846,654
70$6,947,986$688,777$68,530$4,136,765
71$7,575,751$641,598$0$4,455,241
72$8,264,999$589,558$0$4,805,999
73$9,021,921$532,338$0$5,198,403
74$9,853,336$469,602$0$5,629,479
75$10,766,758$400,994$0$6,103,214
76$11,770,462$326,138$0$6,624,006
77$12,873,568$244,637$0$7,196,709
78$14,086,120$156,072$0$7,826,676
79$15,419,185$60,000$0$8,519,815
80$16,884,955$0$0$9,282,643
81$18,496,864$0$0$10,142,222
82$20,269,711$0$0$11,117,500
83$22,219,803$0$0$12,190,391
84$24,365,106$0$0$13,370,792
85$26,725,414$0$0$14,669,609
86$29,322,539$0$0$16,098,857
87$32,180,510$0$0$17,671,777
88$35,325,808$0$0$19,402,956
89$38,787,607$0$0$21,308,468
90$42,598,054$0$0$23,406,024
91$46,792,571$0$0$25,715,139
92$51,410,189$0$0$28,257,318
93$56,493,914$0$0$31,056,256
94$62,091,136$0$0$34,138,060
95$68,254,072$0$0$37,531,502
96$75,040,261$0$0$41,268,283
97$82,513,106$0$0$45,383,335
98$90,742,471$0$0$49,915,151
99$99,805,342$0$0$54,906,149
100$109,786,551$0$0$60,403,067