Can I retire at age 44 with 890,000?

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 $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%18.8%
1 years$73,495$72,841$72,202$71,579$70,970$68,452
2 years$36,384$35,706$35,050$34,413$33,795$31,285
3 years$24,015$23,334$22,679$22,049$21,441$19,018
4 years$17,832$17,153$16,505$15,885$15,292$12,974
5 years$14,123$13,448$12,808$12,201$11,625$9,418
6 years$11,651$10,982$10,351$9,757$9,198$7,105
7 years$9,886$9,222$8,602$8,022$7,481$5,500
8 years$8,563$7,905$7,295$6,729$6,206$4,336
9 years$7,534$6,883$6,283$5,732$5,226$3,465
10 years$6,712$6,067$5,478$4,941$4,453$2,798
11 years$6,040$5,401$4,823$4,300$3,830$2,277
12 years$5,480$4,848$4,280$3,772$3,319$1,864
13 years$5,006$4,381$3,824$3,330$2,894$1,534
14 years$4,601$3,982$3,436$2,956$2,537$1,267
15 years$4,250$3,638$3,102$2,636$2,234$1,050
16 years$3,943$3,338$2,812$2,360$1,974$873
17 years$3,673$3,074$2,559$2,121$1,750$727
18 years$3,432$2,840$2,336$1,911$1,556$607
19 years$3,218$2,632$2,139$1,727$1,387$507
20 years$3,025$2,446$1,963$1,564$1,239$424
21 years$2,851$2,278$1,805$1,420$1,109$355
22 years$2,692$2,127$1,664$1,291$994$298
23 years$2,548$1,989$1,536$1,175$892$250
24 years$2,416$1,864$1,421$1,072$802$209
25 years$2,295$1,749$1,316$979$722$176
26 years$2,183$1,644$1,221$895$650$148
27 years$2,079$1,547$1,133$819$586$124
28 years$1,984$1,458$1,054$751$529$104
29 years$1,895$1,375$980$688$477$88
30 years$1,812$1,299$913$632$431$74
31 years$1,734$1,228$851$580$390$62
32 years$1,662$1,162$794$533$353$52
33 years$1,594$1,100$742$490$319$44
34 years$1,530$1,043$693$451$289$37
35 years$1,470$989$648$415$262$31
36 years$1,414$939$606$383$237$26
37 years$1,360$892$567$352$215$22
38 years$1,310$847$531$325$195$18
39 years$1,262$806$498$300$177$16
40 years$1,217$767$467$276$160$13
41 years$1,174$730$437$255$145$11
42 years$1,133$695$410$235$132$9
43 years$1,094$662$385$217$120$8
44 years$1,057$631$361$201$109$7
45 years$1,022$602$339$185$99$6
46 years$989$574$319$171$90$5
47 years$957$548$299$158$81$4
48 years$926$523$281$146$74$3
49 years$897$499$265$135$67$3
50 years$869$477$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $890,000, adding $4,971 every year, while hoping to spend $52,486 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: 55/16/29 Blend
43$890,000$890,000$890,000$890,000
44$985,908$938,738$924,943$1,031,958
45$1,030,625$928,891$900,083$1,054,449
46$1,078,145$916,803$872,632$1,073,124
47$1,128,698$902,308$842,447$1,092,418
48$1,182,535$885,231$809,379$1,112,409
49$1,239,933$865,387$773,273$1,133,188
50$1,301,194$842,579$733,965$1,154,856
51$1,366,650$816,599$691,287$1,177,528
52$1,436,663$787,227$645,060$1,201,334
53$1,511,632$754,230$595,099$1,226,421
54$1,591,993$717,362$541,209$1,252,955
55$1,678,225$676,362$483,189$1,281,121
56$1,770,855$630,954$420,826$1,311,128
57$1,870,458$580,847$353,900$1,343,211
58$1,977,669$525,733$282,180$1,377,633
59$2,093,182$465,285$205,424$1,414,690
60$2,217,763$399,160$123,381$1,454,710
61$2,352,249$326,993$35,789$1,498,063
62$2,497,564$248,401$0$1,545,162
63$2,654,720$162,977$0$1,614,318
64$2,824,832$70,294$0$1,701,172
65$3,009,125$0$0$1,795,304
66$3,208,944$0$0$1,902,750
67$3,425,771$0$0$2,032,839
68$3,661,234$0$0$2,174,183
69$3,917,124$0$0$2,327,863
70$4,195,412$0$0$2,495,075
71$4,498,265$0$0$2,677,130
72$4,828,070$0$0$2,875,473
73$5,187,451$0$0$3,091,693
74$5,579,296$0$0$3,327,539
75$6,006,786$0$0$3,584,937
76$6,473,419$0$0$3,866,007
77$6,983,048$0$0$4,173,081
78$7,539,914$0$0$4,508,727
79$8,148,684$0$0$4,875,775
80$8,814,500$0$0$5,277,337
81$9,543,020$0$0$5,716,841
82$10,340,476$0$0$6,198,063
83$11,213,731$0$0$6,725,160
84$12,170,342$0$0$7,302,710
85$13,218,631$0$0$7,935,756
86$14,367,763$0$0$8,629,849
87$15,627,833$0$0$9,391,106
88$17,009,958$0$0$10,226,263
89$18,526,385$0$0$11,142,739
90$20,190,601$0$0$12,148,709
91$22,017,466$0$0$13,253,174
92$24,023,344$0$0$14,466,051
93$26,226,265$0$0$15,798,265
94$28,646,089$0$0$17,261,850
95$31,304,695$0$0$18,870,063
96$34,226,184$0$0$20,637,511
97$37,437,110$0$0$22,580,284
98$40,966,727$0$0$24,716,108
99$44,847,261$0$0$27,064,515
100$49,114,221$0$0$29,647,021