Can I retire at age 44 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$73,495$72,841$72,202$71,579$70,970$69,395
2 years$36,384$35,706$35,050$34,413$33,795$32,217
3 years$24,015$23,334$22,679$22,049$21,441$19,908
4 years$17,832$17,153$16,505$15,885$15,292$13,817
5 years$14,123$13,448$12,808$12,201$11,625$10,211
6 years$11,651$10,982$10,351$9,757$9,198$7,848
7 years$9,886$9,222$8,602$8,022$7,481$6,194
8 years$8,563$7,905$7,295$6,729$6,206$4,982
9 years$7,534$6,883$6,283$5,732$5,226$4,064
10 years$6,712$6,067$5,478$4,941$4,453$3,352
11 years$6,040$5,401$4,823$4,300$3,830$2,788
12 years$5,480$4,848$4,280$3,772$3,319$2,334
13 years$5,006$4,381$3,824$3,330$2,894$1,966
14 years$4,601$3,982$3,436$2,956$2,537$1,663
15 years$4,250$3,638$3,102$2,636$2,234$1,411
16 years$3,943$3,338$2,812$2,360$1,974$1,202
17 years$3,673$3,074$2,559$2,121$1,750$1,026
18 years$3,432$2,840$2,336$1,911$1,556$878
19 years$3,218$2,632$2,139$1,727$1,387$752
20 years$3,025$2,446$1,963$1,564$1,239$646
21 years$2,851$2,278$1,805$1,420$1,109$555
22 years$2,692$2,127$1,664$1,291$994$478
23 years$2,548$1,989$1,536$1,175$892$412
24 years$2,416$1,864$1,421$1,072$802$355
25 years$2,295$1,749$1,316$979$722$306
26 years$2,183$1,644$1,221$895$650$264
27 years$2,079$1,547$1,133$819$586$228
28 years$1,984$1,458$1,054$751$529$197
29 years$1,895$1,375$980$688$477$171
30 years$1,812$1,299$913$632$431$147
31 years$1,734$1,228$851$580$390$128
32 years$1,662$1,162$794$533$353$110
33 years$1,594$1,100$742$490$319$95
34 years$1,530$1,043$693$451$289$83
35 years$1,470$989$648$415$262$72
36 years$1,414$939$606$383$237$62
37 years$1,360$892$567$352$215$54
38 years$1,310$847$531$325$195$46
39 years$1,262$806$498$300$177$40
40 years$1,217$767$467$276$160$35
41 years$1,174$730$437$255$145$30
42 years$1,133$695$410$235$132$26
43 years$1,094$662$385$217$120$23
44 years$1,057$631$361$201$109$20
45 years$1,022$602$339$185$99$17
46 years$989$574$319$171$90$15
47 years$957$548$299$158$81$13
48 years$926$523$281$146$74$11
49 years$897$499$265$135$67$10
50 years$869$477$249$125$61$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $890,000, adding $5,570 every year, while hoping to spend $56,998 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: 51/19/30 Blend
43$890,000$890,000$890,000$890,000
44$986,525$939,355$925,560$1,028,230
45$1,026,506$924,738$895,921$1,043,336
46$1,068,653$907,495$863,379$1,053,633
47$1,113,130$887,436$827,776$1,063,734
48$1,160,110$864,361$788,947$1,073,645
49$1,209,786$838,060$746,722$1,083,379
50$1,262,366$808,306$700,919$1,092,953
51$1,318,079$774,865$651,351$1,102,390
52$1,377,173$737,483$597,821$1,111,719
53$1,439,921$695,896$540,125$1,120,977
54$1,506,621$649,823$478,047$1,130,209
55$1,577,599$598,968$411,365$1,139,469
56$1,653,212$543,015$339,843$1,148,824
57$1,733,851$481,634$263,239$1,158,351
58$1,819,943$414,473$181,297$1,168,142
59$1,911,957$341,162$93,750$1,178,305
60$2,010,408$261,311$322$1,188,964
61$2,115,859$174,504$0$1,200,265
62$2,228,929$80,307$0$1,244,185
63$2,350,294$0$0$1,291,283
64$2,480,701$0$0$1,346,322
65$2,620,965$0$0$1,423,645
66$2,771,984$0$0$1,506,965
67$2,934,743$0$0$1,596,834
68$3,110,324$0$0$1,693,859
69$3,299,916$0$0$1,798,706
70$3,504,824$0$0$1,912,107
71$3,726,486$0$0$2,034,868
72$3,966,478$0$0$2,167,875
73$4,226,536$0$0$2,312,099
74$4,508,567$0$0$2,468,613
75$4,814,670$0$0$2,638,592
76$5,147,151$0$0$2,823,332
77$5,508,549$0$0$3,024,256
78$5,901,656$0$0$3,242,933
79$6,329,543$0$0$3,481,086
80$6,795,592$0$0$3,740,613
81$7,303,521$0$0$4,023,602
82$7,857,425$0$0$4,332,351
83$8,461,809$0$0$4,669,391
84$9,121,631$0$0$5,037,506
85$9,842,353$0$0$5,439,761
86$10,629,983$0$0$5,879,532
87$11,491,138$0$0$6,360,534
88$12,433,103$0$0$6,886,860
89$13,463,899$0$0$7,463,013
90$14,592,359$0$0$8,093,955
91$15,828,209$0$0$8,785,149
92$17,182,160$0$0$9,542,612
93$18,666,007$0$0$10,372,970
94$20,292,742$0$0$11,283,520
95$22,076,672$0$0$12,282,299
96$24,033,555$0$0$13,378,162
97$26,180,751$0$0$14,580,860
98$28,537,377$0$0$15,901,134
99$31,124,494$0$0$17,350,816
100$33,965,300$0$0$18,942,940