Can I retire at age 44 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$75,973$75,296$74,636$73,991$73,362$72,415
2 years$37,610$36,910$36,231$35,573$34,934$33,982
3 years$24,824$24,121$23,444$22,792$22,164$21,235
4 years$18,433$17,731$17,061$16,420$15,807$14,910
5 years$14,599$13,902$13,240$12,612$12,017$11,153
6 years$12,044$11,352$10,700$10,086$9,508$8,679
7 years$10,219$9,533$8,892$8,292$7,733$6,938
8 years$8,852$8,172$7,541$6,956$6,415$5,656
9 years$7,788$7,115$6,495$5,925$5,402$4,678
10 years$6,938$6,271$5,662$5,108$4,603$3,912
11 years$6,243$5,583$4,985$4,445$3,959$3,301
12 years$5,664$5,011$4,424$3,899$3,431$2,806
13 years$5,175$4,529$3,953$3,442$2,992$2,399
14 years$4,756$4,116$3,552$3,056$2,622$2,061
15 years$4,393$3,760$3,207$2,725$2,309$1,777
16 years$4,076$3,450$2,907$2,440$2,041$1,538
17 years$3,796$3,177$2,645$2,192$1,809$1,335
18 years$3,548$2,936$2,415$1,976$1,609$1,161
19 years$3,326$2,721$2,211$1,785$1,434$1,012
20 years$3,127$2,529$2,029$1,617$1,281$884
21 years$2,947$2,355$1,866$1,467$1,146$773
22 years$2,783$2,199$1,720$1,334$1,027$677
23 years$2,634$2,056$1,588$1,215$922$594
24 years$2,497$1,927$1,469$1,108$829$521
25 years$2,372$1,808$1,360$1,012$746$458
26 years$2,256$1,699$1,262$925$672$403
27 years$2,150$1,599$1,172$847$606$354
28 years$2,050$1,507$1,089$776$547$312
29 years$1,958$1,422$1,014$712$494$275
30 years$1,873$1,343$944$653$446$242
31 years$1,793$1,269$880$600$403$214
32 years$1,718$1,201$821$551$365$188
33 years$1,648$1,137$767$507$330$166
34 years$1,582$1,078$716$466$299$147
35 years$1,520$1,022$670$429$271$129
36 years$1,461$970$627$395$245$114
37 years$1,406$922$586$364$222$101
38 years$1,354$876$549$336$202$89
39 years$1,305$833$515$310$183$79
40 years$1,258$792$482$286$166$69
41 years$1,213$754$452$264$150$61
42 years$1,171$718$424$243$136$54
43 years$1,131$684$398$224$124$48
44 years$1,093$652$374$207$112$42
45 years$1,057$622$351$191$102$37
46 years$1,022$593$330$177$93$33
47 years$989$566$310$163$84$29
48 years$957$541$291$151$76$26
49 years$927$516$273$140$69$23
50 years$898$493$257$129$63$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $920,000, adding $5,385 every year, while hoping to spend $38,809 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: 48/46/6 Blend
43$920,000$920,000$920,000$920,000
44$1,019,395$970,635$956,375$1,066,485
45$1,082,080$976,903$947,121$1,105,539
46$1,149,859$982,178$936,256$1,143,358
47$1,223,210$986,370$923,686$1,183,500
48$1,302,659$989,384$909,310$1,226,189
49$1,388,784$991,117$893,026$1,271,677
50$1,482,221$991,463$874,723$1,320,242
51$1,583,669$990,307$854,289$1,372,191
52$1,693,899$987,527$831,603$1,427,865
53$1,813,756$982,995$806,541$1,487,643
54$1,944,172$976,575$778,973$1,551,942
55$2,086,170$968,120$748,761$1,621,227
56$2,240,879$957,477$715,764$1,696,010
57$2,409,538$944,483$679,832$1,776,860
58$2,593,514$928,965$640,809$1,864,407
59$2,794,308$910,740$598,531$1,959,346
60$3,013,575$889,614$552,830$2,062,450
61$3,253,137$865,382$503,527$2,174,570
62$3,514,997$837,826$450,435$2,296,652
63$3,801,363$806,716$393,361$2,429,739
64$4,114,666$771,809$332,102$2,574,988
65$4,457,580$732,846$266,447$2,733,676
66$4,833,053$689,556$196,173$2,907,217
67$5,244,330$641,649$121,050$3,097,174
68$5,694,984$588,822$40,837$3,305,275
69$6,188,950$530,751$0$3,533,432
70$6,730,562$467,098$0$3,786,622
71$7,324,594$397,501$0$4,067,291
72$7,976,305$321,580$0$4,375,418
73$8,691,484$238,934$0$4,713,874
74$9,476,513$149,139$0$5,085,829
75$10,338,417$51,746$0$5,494,783
76$11,284,937$0$0$5,944,602
77$12,324,600$0$0$6,466,747
78$13,466,800$0$0$7,069,272
79$14,721,885$0$0$7,731,456
80$16,101,254$0$0$8,459,329
81$17,617,468$0$0$9,259,531
82$19,284,363$0$0$10,139,381
83$21,117,184$0$0$11,106,940
84$23,132,726$0$0$12,171,089
85$25,349,493$0$0$13,341,617
86$27,787,873$0$0$14,629,304
87$30,470,328$0$0$16,046,030
88$33,421,609$0$0$17,604,886
89$36,668,985$0$0$19,320,293
90$40,242,502$0$0$21,208,143
91$44,175,266$0$0$23,285,944
92$48,503,755$0$0$25,572,989
93$53,268,162$0$0$28,090,538
94$58,512,775$0$0$30,862,014
95$64,286,393$0$0$33,913,226
96$70,642,788$0$0$37,272,616
97$77,641,209$0$0$40,971,521
98$85,346,944$0$0$45,044,473
99$93,831,933$0$0$49,529,523
100$103,175,449$0$0$54,468,599