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%14.9%
1 years$73,495$72,841$72,202$71,579$70,970$69,537
2 years$36,384$35,706$35,050$34,413$33,795$32,358
3 years$24,015$23,334$22,679$22,049$21,441$20,044
4 years$17,832$17,153$16,505$15,885$15,292$13,946
5 years$14,123$13,448$12,808$12,201$11,625$10,334
6 years$11,651$10,982$10,351$9,757$9,198$7,964
7 years$9,886$9,222$8,602$8,022$7,481$6,303
8 years$8,563$7,905$7,295$6,729$6,206$5,084
9 years$7,534$6,883$6,283$5,732$5,226$4,160
10 years$6,712$6,067$5,478$4,941$4,453$3,442
11 years$6,040$5,401$4,823$4,300$3,830$2,872
12 years$5,480$4,848$4,280$3,772$3,319$2,413
13 years$5,006$4,381$3,824$3,330$2,894$2,038
14 years$4,601$3,982$3,436$2,956$2,537$1,730
15 years$4,250$3,638$3,102$2,636$2,234$1,473
16 years$3,943$3,338$2,812$2,360$1,974$1,259
17 years$3,673$3,074$2,559$2,121$1,750$1,079
18 years$3,432$2,840$2,336$1,911$1,556$926
19 years$3,218$2,632$2,139$1,727$1,387$797
20 years$3,025$2,446$1,963$1,564$1,239$687
21 years$2,851$2,278$1,805$1,420$1,109$593
22 years$2,692$2,127$1,664$1,291$994$512
23 years$2,548$1,989$1,536$1,175$892$443
24 years$2,416$1,864$1,421$1,072$802$383
25 years$2,295$1,749$1,316$979$722$332
26 years$2,183$1,644$1,221$895$650$288
27 years$2,079$1,547$1,133$819$586$250
28 years$1,984$1,458$1,054$751$529$216
29 years$1,895$1,375$980$688$477$188
30 years$1,812$1,299$913$632$431$163
31 years$1,734$1,228$851$580$390$142
32 years$1,662$1,162$794$533$353$123
33 years$1,594$1,100$742$490$319$107
34 years$1,530$1,043$693$451$289$93
35 years$1,470$989$648$415$262$81
36 years$1,414$939$606$383$237$70
37 years$1,360$892$567$352$215$61
38 years$1,310$847$531$325$195$53
39 years$1,262$806$498$300$177$46
40 years$1,217$767$467$276$160$40
41 years$1,174$730$437$255$145$35
42 years$1,133$695$410$235$132$30
43 years$1,094$662$385$217$120$26
44 years$1,057$631$361$201$109$23
45 years$1,022$602$339$185$99$20
46 years$989$574$319$171$90$17
47 years$957$548$299$158$81$15
48 years$926$523$281$146$74$13
49 years$897$499$265$135$67$11
50 years$869$477$249$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $890,000, adding $6,665 every year, while hoping to spend $34,986 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: 65/12/23 Blend
43$890,000$890,000$890,000$890,000
44$987,655$940,485$926,690$1,045,575
45$1,051,171$949,344$920,509$1,094,240
46$1,119,993$957,464$912,949$1,142,856
47$1,194,625$964,773$903,926$1,195,187
48$1,275,623$971,192$893,353$1,251,600
49$1,363,595$976,639$881,139$1,312,500
50$1,459,212$981,026$867,188$1,378,333
51$1,563,214$984,258$851,400$1,449,592
52$1,676,411$986,236$833,672$1,526,823
53$1,799,697$986,854$813,892$1,610,626
54$1,934,056$986,000$791,947$1,701,663
55$2,080,569$983,553$767,717$1,800,667
56$2,240,428$979,388$741,076$1,908,444
57$2,414,943$973,369$711,894$2,025,887
58$2,605,557$965,354$680,032$2,153,977
59$2,813,860$955,192$645,348$2,293,800
60$3,041,598$942,721$607,693$2,446,553
61$3,290,699$927,773$566,908$2,613,557
62$3,563,282$910,165$522,832$2,796,269
63$3,861,682$889,709$475,292$2,996,296
64$4,188,470$866,200$424,110$3,215,412
65$4,546,476$839,427$369,100$3,455,574
66$4,938,819$809,160$310,067$3,718,941
67$5,368,931$775,162$246,807$4,007,893
68$5,840,595$737,178$179,108$4,325,058
69$6,357,976$694,940$106,748$4,673,331
70$6,925,661$648,163$29,496$5,055,910
71$7,548,704$596,549$0$5,476,318
72$8,232,671$539,779$0$5,951,437
73$8,983,694$477,519$0$6,481,130
74$9,808,527$409,413$0$7,062,943
75$10,714,610$335,088$0$7,702,160
76$11,710,140$254,147$0$8,404,600
77$12,804,148$166,174$0$9,176,680
78$14,006,581$70,727$0$10,025,469
79$15,328,400$0$0$10,958,758
80$16,781,678$0$0$11,989,447
81$18,379,718$0$0$13,133,138
82$20,137,177$0$0$14,390,990
83$22,070,203$0$0$15,774,568
84$24,196,587$0$0$17,296,616
85$26,535,932$0$0$18,971,174
86$29,109,836$0$0$20,813,711
87$31,942,096$0$0$22,841,273
88$35,058,933$0$0$25,072,639
89$38,489,238$0$0$27,528,504
90$42,264,844$0$0$30,231,669
91$46,420,827$0$0$33,207,256
92$50,995,838$0$0$36,482,951
93$56,032,462$0$0$40,089,256
94$61,577,626$0$0$44,059,782
95$67,683,036$0$0$48,431,568
96$74,405,671$0$0$53,245,422
97$81,808,311$0$0$58,546,316
98$89,960,138$0$0$64,383,801
99$98,937,385$0$0$70,812,481
100$108,824,051$0$0$77,892,525