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%16.3%
1 years$76,799$76,114$75,447$74,796$74,160$72,249
2 years$38,019$37,311$36,625$35,959$35,314$33,402
3 years$25,094$24,383$23,699$23,040$22,405$20,551
4 years$18,633$17,924$17,247$16,599$15,979$14,198
5 years$14,757$14,053$13,384$12,749$12,147$10,444
6 years$12,175$11,475$10,816$10,196$9,612$7,987
7 years$10,330$9,637$8,988$8,383$7,817$6,272
8 years$8,948$8,261$7,623$7,032$6,485$5,018
9 years$7,873$7,192$6,566$5,990$5,461$4,072
10 years$7,014$6,340$5,724$5,163$4,653$3,339
11 years$6,311$5,644$5,039$4,493$4,002$2,761
12 years$5,726$5,066$4,472$3,941$3,468$2,299
13 years$5,231$4,578$3,996$3,480$3,024$1,924
14 years$4,808$4,161$3,590$3,089$2,651$1,617
15 years$4,441$3,801$3,241$2,755$2,334$1,364
16 years$4,120$3,488$2,939$2,467$2,063$1,154
17 years$3,838$3,212$2,674$2,216$1,829$979
18 years$3,587$2,968$2,441$1,997$1,626$832
19 years$3,362$2,751$2,235$1,805$1,450$709
20 years$3,161$2,556$2,051$1,634$1,295$604
21 years$2,979$2,381$1,887$1,483$1,159$516
22 years$2,813$2,222$1,739$1,349$1,039$441
23 years$2,662$2,079$1,605$1,228$932$377
24 years$2,524$1,948$1,485$1,120$838$323
25 years$2,398$1,828$1,375$1,023$754$276
26 years$2,281$1,718$1,275$935$679$237
27 years$2,173$1,617$1,184$856$612$203
28 years$2,073$1,523$1,101$785$553$174
29 years$1,980$1,437$1,025$719$499$150
30 years$1,893$1,357$954$660$451$128
31 years$1,812$1,283$890$606$408$110
32 years$1,736$1,214$830$557$369$95
33 years$1,665$1,150$775$512$334$81
34 years$1,599$1,090$724$472$302$70
35 years$1,536$1,033$677$434$274$60
36 years$1,477$981$633$400$248$52
37 years$1,421$932$593$368$225$44
38 years$1,369$885$555$339$204$38
39 years$1,319$842$520$313$185$33
40 years$1,271$801$488$289$168$28
41 years$1,227$762$457$266$152$24
42 years$1,184$726$429$246$138$21
43 years$1,144$692$402$227$125$18
44 years$1,105$659$378$210$114$15
45 years$1,068$629$355$194$103$13
46 years$1,033$600$333$179$94$11
47 years$1,000$573$313$165$85$10
48 years$968$547$294$153$77$8
49 years$937$522$276$141$70$7
50 years$908$499$260$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $930,000, adding $2,121 every year, while hoping to spend $49,377 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: 54/40/6 Blend
43$930,000$930,000$930,000$930,000
44$1,027,048$977,758$963,343$1,081,012
45$1,079,270$973,131$943,078$1,113,087
46$1,135,164$966,623$920,480$1,142,343
47$1,195,052$958,089$895,417$1,172,977
48$1,259,288$947,376$867,754$1,205,127
49$1,328,259$934,321$837,348$1,238,947
50$1,402,392$918,754$804,050$1,274,609
51$1,482,155$900,491$767,704$1,312,305
52$1,568,059$879,340$728,147$1,352,250
53$1,660,670$855,096$685,208$1,394,683
54$1,760,606$827,544$638,710$1,439,872
55$1,868,548$796,453$588,467$1,488,112
56$1,985,243$761,583$534,284$1,539,737
57$2,111,514$722,676$475,958$1,595,114
58$2,248,263$679,462$413,278$1,654,655
59$2,396,483$631,653$346,020$1,718,817
60$2,557,268$578,947$273,955$1,788,109
61$2,731,817$521,024$196,840$1,863,095
62$2,921,452$457,544$114,424$1,944,405
63$3,127,626$388,149$26,443$2,032,736
64$3,351,937$312,462$0$2,128,865
65$3,596,146$230,083$0$2,237,971
66$3,862,186$140,591$0$2,358,781
67$4,152,188$43,539$0$2,490,679
68$4,468,496$0$0$2,634,863
69$4,813,690$0$0$2,819,750
70$5,190,611$0$0$3,042,637
71$5,602,384$0$0$3,286,220
72$6,052,451$0$0$3,552,545
73$6,544,602$0$0$3,843,866
74$7,083,008$0$0$4,162,664
75$7,672,264$0$0$4,511,671
76$8,317,428$0$0$4,893,896
77$9,024,070$0$0$5,312,652
78$9,798,325$0$0$5,771,588
79$10,646,949$0$0$6,274,722
80$11,577,382$0$0$6,826,481
81$12,597,819$0$0$7,431,738
82$13,717,286$0$0$8,095,864
83$14,945,725$0$0$8,824,773
84$16,294,088$0$0$9,624,979
85$17,774,436$0$0$10,503,658
86$19,400,058$0$0$11,468,716
87$21,185,591$0$0$12,528,861
88$23,147,160$0$0$13,693,687
89$25,302,530$0$0$14,973,761
90$27,671,269$0$0$16,380,728
91$30,274,938$0$0$17,927,414
92$33,137,289$0$0$19,627,951
93$36,284,491$0$0$21,497,909
94$39,745,374$0$0$23,554,442
95$43,551,703$0$0$25,816,449
96$47,738,475$0$0$28,304,754
97$52,344,249$0$0$31,042,299
98$57,411,511$0$0$34,054,364
99$62,987,070$0$0$37,368,800
100$69,122,502$0$0$41,016,296