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%13.6%
1 years$73,495$72,841$72,202$71,579$70,970$69,909
2 years$36,384$35,706$35,050$34,413$33,795$32,729
3 years$24,015$23,334$22,679$22,049$21,441$20,403
4 years$17,832$17,153$16,505$15,885$15,292$14,289
5 years$14,123$13,448$12,808$12,201$11,625$10,660
6 years$11,651$10,982$10,351$9,757$9,198$8,274
7 years$9,886$9,222$8,602$8,022$7,481$6,596
8 years$8,563$7,905$7,295$6,729$6,206$5,361
9 years$7,534$6,883$6,283$5,732$5,226$4,421
10 years$6,712$6,067$5,478$4,941$4,453$3,686
11 years$6,040$5,401$4,823$4,300$3,830$3,101
12 years$5,480$4,848$4,280$3,772$3,319$2,627
13 years$5,006$4,381$3,824$3,330$2,894$2,239
14 years$4,601$3,982$3,436$2,956$2,537$1,917
15 years$4,250$3,638$3,102$2,636$2,234$1,647
16 years$3,943$3,338$2,812$2,360$1,974$1,421
17 years$3,673$3,074$2,559$2,121$1,750$1,229
18 years$3,432$2,840$2,336$1,911$1,556$1,065
19 years$3,218$2,632$2,139$1,727$1,387$925
20 years$3,025$2,446$1,963$1,564$1,239$805
21 years$2,851$2,278$1,805$1,420$1,109$702
22 years$2,692$2,127$1,664$1,291$994$612
23 years$2,548$1,989$1,536$1,175$892$535
24 years$2,416$1,864$1,421$1,072$802$468
25 years$2,295$1,749$1,316$979$722$409
26 years$2,183$1,644$1,221$895$650$358
27 years$2,079$1,547$1,133$819$586$314
28 years$1,984$1,458$1,054$751$529$275
29 years$1,895$1,375$980$688$477$242
30 years$1,812$1,299$913$632$431$212
31 years$1,734$1,228$851$580$390$186
32 years$1,662$1,162$794$533$353$163
33 years$1,594$1,100$742$490$319$144
34 years$1,530$1,043$693$451$289$126
35 years$1,470$989$648$415$262$111
36 years$1,414$939$606$383$237$97
37 years$1,360$892$567$352$215$86
38 years$1,310$847$531$325$195$75
39 years$1,262$806$498$300$177$66
40 years$1,217$767$467$276$160$58
41 years$1,174$730$437$255$145$51
42 years$1,133$695$410$235$132$45
43 years$1,094$662$385$217$120$40
44 years$1,057$631$361$201$109$35
45 years$1,022$602$339$185$99$31
46 years$989$574$319$171$90$27
47 years$957$548$299$158$81$24
48 years$926$523$281$146$74$21
49 years$897$499$265$135$67$18
50 years$869$477$249$125$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $890,000, adding $3,741 every year, while hoping to spend $59,623 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: 90/5/5 Blend
43$890,000$890,000$890,000$890,000
44$984,639$937,469$923,674$1,073,096
45$1,021,634$919,966$891,179$1,113,645
46$1,060,404$899,608$855,596$1,149,383
47$1,101,067$876,191$816,761$1,186,675
48$1,143,751$849,500$774,498$1,225,630
49$1,188,597$819,308$728,626$1,266,364
50$1,235,754$785,375$678,956$1,309,005
51$1,285,388$747,445$625,288$1,353,693
52$1,337,677$705,250$567,415$1,400,581
53$1,392,817$658,504$505,120$1,449,836
54$1,451,021$606,907$438,178$1,501,642
55$1,512,519$550,140$366,351$1,556,201
56$1,577,566$487,866$289,393$1,613,732
57$1,646,436$419,730$207,047$1,674,478
58$1,719,432$345,356$119,042$1,738,705
59$1,796,882$264,347$25,099$1,806,704
60$1,879,148$176,284$0$1,878,796
61$1,966,623$80,724$0$1,959,342
62$2,059,738$0$0$2,046,409
63$2,158,966$0$0$2,140,353
64$2,264,822$0$0$2,245,313
65$2,377,873$0$0$2,357,407
66$2,498,740$0$0$2,477,252
67$2,628,102$0$0$2,605,523
68$2,766,706$0$0$2,742,957
69$2,915,369$0$0$2,890,368
70$3,074,989$0$0$3,048,645
71$3,246,552$0$0$3,218,765
72$3,431,138$0$0$3,401,801
73$3,629,936$0$0$3,598,930
74$3,844,248$0$0$3,811,447
75$4,075,508$0$0$4,040,770
76$4,325,290$0$0$4,288,462
77$4,595,324$0$0$4,556,239
78$4,887,509$0$0$4,845,984
79$5,203,937$0$0$5,159,771
80$5,546,904$0$0$5,499,879
81$5,918,937$0$0$5,868,812
82$6,322,814$0$0$6,269,328
83$6,761,591$0$0$6,704,455
84$7,238,629$0$0$7,177,529
85$7,757,628$0$0$7,692,216
86$8,322,654$0$0$8,252,553
87$8,938,187$0$0$8,862,980
88$9,609,153$0$0$9,528,384
89$10,340,974$0$0$10,254,142
90$11,139,619$0$0$11,046,174
91$12,011,657$0$0$11,910,995
92$12,964,322$0$0$12,855,780
93$14,005,573$0$0$13,888,422
94$15,144,177$0$0$15,017,617
95$16,389,785$0$0$16,252,936
96$17,753,023$0$0$17,604,918
97$19,245,593$0$0$19,085,170
98$20,880,381$0$0$20,706,470
99$22,671,577$0$0$22,482,893
100$24,634,809$0$0$24,429,939