Can I retire at age 44 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$76,799$76,114$75,447$74,796$74,160$71,557
2 years$38,019$37,311$36,625$35,959$35,314$32,719
3 years$25,094$24,383$23,699$23,040$22,405$19,899
4 years$18,633$17,924$17,247$16,599$15,979$13,582
5 years$14,757$14,053$13,384$12,749$12,147$9,865
6 years$12,175$11,475$10,816$10,196$9,612$7,446
7 years$10,330$9,637$8,988$8,383$7,817$5,767
8 years$8,948$8,261$7,623$7,032$6,485$4,550
9 years$7,873$7,192$6,566$5,990$5,461$3,638
10 years$7,014$6,340$5,724$5,163$4,653$2,939
11 years$6,311$5,644$5,039$4,493$4,002$2,393
12 years$5,726$5,066$4,472$3,941$3,468$1,961
13 years$5,231$4,578$3,996$3,480$3,024$1,615
14 years$4,808$4,161$3,590$3,089$2,651$1,335
15 years$4,441$3,801$3,241$2,755$2,334$1,107
16 years$4,120$3,488$2,939$2,467$2,063$921
17 years$3,838$3,212$2,674$2,216$1,829$767
18 years$3,587$2,968$2,441$1,997$1,626$641
19 years$3,362$2,751$2,235$1,805$1,450$536
20 years$3,161$2,556$2,051$1,634$1,295$449
21 years$2,979$2,381$1,887$1,483$1,159$376
22 years$2,813$2,222$1,739$1,349$1,039$315
23 years$2,662$2,079$1,605$1,228$932$265
24 years$2,524$1,948$1,485$1,120$838$222
25 years$2,398$1,828$1,375$1,023$754$187
26 years$2,281$1,718$1,275$935$679$157
27 years$2,173$1,617$1,184$856$612$132
28 years$2,073$1,523$1,101$785$553$111
29 years$1,980$1,437$1,025$719$499$93
30 years$1,893$1,357$954$660$451$79
31 years$1,812$1,283$890$606$408$66
32 years$1,736$1,214$830$557$369$56
33 years$1,665$1,150$775$512$334$47
34 years$1,599$1,090$724$472$302$39
35 years$1,536$1,033$677$434$274$33
36 years$1,477$981$633$400$248$28
37 years$1,421$932$593$368$225$24
38 years$1,369$885$555$339$204$20
39 years$1,319$842$520$313$185$17
40 years$1,271$801$488$289$168$14
41 years$1,227$762$457$266$152$12
42 years$1,184$726$429$246$138$10
43 years$1,144$692$402$227$125$8
44 years$1,105$659$378$210$114$7
45 years$1,068$629$355$194$103$6
46 years$1,033$600$333$179$94$5
47 years$1,000$573$313$165$85$4
48 years$968$547$294$153$77$4
49 years$937$522$276$141$70$3
50 years$908$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $930,000, adding $3,940 every year, while hoping to spend $27,544 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: 71/20/9 Blend
43$930,000$930,000$930,000$930,000
44$1,028,924$979,634$965,219$1,100,011
45$1,104,568$998,330$968,247$1,166,245
46$1,187,004$1,017,018$970,454$1,234,949
47$1,276,896$1,035,670$971,782$1,309,401
48$1,374,976$1,054,253$972,173$1,390,159
49$1,482,046$1,072,734$971,563$1,477,840
50$1,598,992$1,091,076$969,888$1,573,122
51$1,726,788$1,109,238$967,079$1,676,754
52$1,866,508$1,127,178$963,063$1,789,558
53$2,019,333$1,144,851$957,766$1,912,444
54$2,186,562$1,162,206$951,109$2,046,410
55$2,369,629$1,179,191$943,008$2,192,559
56$2,570,109$1,195,749$933,377$2,352,104
57$2,789,740$1,211,821$922,125$2,526,384
58$3,030,433$1,227,340$909,156$2,716,871
59$3,294,296$1,242,239$894,372$2,925,191
60$3,583,648$1,256,442$877,667$3,153,133
61$3,901,044$1,269,871$858,932$3,402,670
62$4,249,298$1,282,442$838,054$3,675,976
63$4,631,509$1,294,065$814,912$3,975,445
64$5,051,093$1,304,645$789,382$4,303,718
65$5,511,811$1,314,078$761,332$4,663,705
66$6,017,805$1,322,257$730,626$5,058,611
67$6,573,639$1,329,066$697,120$5,491,970
68$7,184,343$1,334,383$660,666$5,967,677
69$7,855,454$1,338,076$621,107$6,490,023
70$8,593,075$1,340,006$578,279$7,063,740
71$9,403,929$1,340,027$532,011$7,694,040
72$10,295,423$1,337,981$482,127$8,386,669
73$11,275,716$1,333,703$428,438$9,147,961
74$12,353,799$1,327,014$370,751$9,984,893
75$13,539,578$1,317,729$308,862$10,905,158
76$14,843,965$1,305,647$242,559$11,917,234
77$16,278,985$1,290,560$171,620$13,030,465
78$17,857,886$1,272,242$95,814$14,255,147
79$19,595,267$1,250,458$14,900$15,602,631
80$21,507,210$1,224,957$0$17,085,424
81$23,611,438$1,195,473$0$18,724,175
82$25,927,478$1,161,724$0$20,529,189
83$28,476,846$1,123,414$0$22,515,805
84$31,283,250$1,080,226$0$24,702,507
85$34,372,812$1,031,828$0$27,109,665
86$37,774,318$977,866$0$29,759,725
87$41,519,485$917,968$0$32,677,426
88$45,643,262$851,739$0$35,890,031
89$50,184,162$778,761$0$39,427,584
90$55,184,621$698,595$0$43,323,195
91$60,691,398$610,772$0$47,613,354
92$66,756,023$514,802$0$52,338,273
93$73,435,273$410,163$0$57,542,268
94$80,791,717$296,307$0$63,274,178
95$88,894,297$172,651$0$69,587,823
96$97,818,989$38,585$0$76,542,520
97$107,649,510$0$0$84,203,633
98$118,478,112$0$0$92,666,649
99$130,406,455$0$0$101,998,584
100$143,546,562$0$0$112,278,594