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%12.8%
1 years$76,799$76,114$75,447$74,796$74,160$73,294
2 years$38,019$37,311$36,625$35,959$35,314$34,442
3 years$25,094$24,383$23,699$23,040$22,405$21,555
4 years$18,633$17,924$17,247$16,599$15,979$15,157
5 years$14,757$14,053$13,384$12,749$12,147$11,355
6 years$12,175$11,475$10,816$10,196$9,612$8,851
7 years$10,330$9,637$8,988$8,383$7,817$7,088
8 years$8,948$8,261$7,623$7,032$6,485$5,787
9 years$7,873$7,192$6,566$5,990$5,461$4,795
10 years$7,014$6,340$5,724$5,163$4,653$4,018
11 years$6,311$5,644$5,039$4,493$4,002$3,397
12 years$5,726$5,066$4,472$3,941$3,468$2,893
13 years$5,231$4,578$3,996$3,480$3,024$2,478
14 years$4,808$4,161$3,590$3,089$2,651$2,133
15 years$4,441$3,801$3,241$2,755$2,334$1,843
16 years$4,120$3,488$2,939$2,467$2,063$1,598
17 years$3,838$3,212$2,674$2,216$1,829$1,390
18 years$3,587$2,968$2,441$1,997$1,626$1,212
19 years$3,362$2,751$2,235$1,805$1,450$1,059
20 years$3,161$2,556$2,051$1,634$1,295$927
21 years$2,979$2,381$1,887$1,483$1,159$813
22 years$2,813$2,222$1,739$1,349$1,039$713
23 years$2,662$2,079$1,605$1,228$932$627
24 years$2,524$1,948$1,485$1,120$838$552
25 years$2,398$1,828$1,375$1,023$754$486
26 years$2,281$1,718$1,275$935$679$428
27 years$2,173$1,617$1,184$856$612$378
28 years$2,073$1,523$1,101$785$553$333
29 years$1,980$1,437$1,025$719$499$294
30 years$1,893$1,357$954$660$451$260
31 years$1,812$1,283$890$606$408$230
32 years$1,736$1,214$830$557$369$203
33 years$1,665$1,150$775$512$334$180
34 years$1,599$1,090$724$472$302$159
35 years$1,536$1,033$677$434$274$141
36 years$1,477$981$633$400$248$124
37 years$1,421$932$593$368$225$110
38 years$1,369$885$555$339$204$98
39 years$1,319$842$520$313$185$86
40 years$1,271$801$488$289$168$76
41 years$1,227$762$457$266$152$68
42 years$1,184$726$429$246$138$60
43 years$1,144$692$402$227$125$53
44 years$1,105$659$378$210$114$47
45 years$1,068$629$355$194$103$42
46 years$1,033$600$333$179$94$37
47 years$1,000$573$313$165$85$33
48 years$968$547$294$153$77$29
49 years$937$522$276$141$70$26
50 years$908$499$260$130$64$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $930,000, adding $3,714 every year, while hoping to spend $46,341 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: 45/50/5 Blend
43$930,000$930,000$930,000$930,000
44$1,028,691$979,401$964,986$1,073,413
45$1,084,311$978,085$948,007$1,103,258
46$1,144,051$975,152$928,905$1,130,469
47$1,208,283$970,472$907,562$1,158,880
48$1,277,413$963,911$883,851$1,188,614
49$1,351,891$955,324$857,641$1,219,812
50$1,432,206$944,558$828,795$1,252,630
51$1,518,900$931,450$797,169$1,287,243
52$1,612,567$915,830$762,612$1,323,848
53$1,713,857$897,514$724,968$1,362,665
54$1,823,489$876,311$684,073$1,403,940
55$1,942,249$852,015$639,754$1,447,948
56$2,071,006$824,410$591,833$1,494,997
57$2,210,711$793,269$540,122$1,545,428
58$2,362,412$758,348$484,425$1,599,625
59$2,527,263$719,391$424,537$1,658,014
60$2,706,530$676,128$360,246$1,721,072
61$2,901,610$628,272$291,328$1,789,329
62$3,114,037$575,520$217,550$1,863,374
63$3,345,500$517,552$138,670$1,943,866
64$3,597,858$454,029$54,432$2,031,535
65$3,873,156$384,594$0$2,127,195
66$4,173,647$308,868$0$2,233,642
67$4,501,809$226,452$0$2,353,212
68$4,860,371$136,926$0$2,484,128
69$5,252,337$39,843$0$2,627,649
70$5,681,013$0$0$2,785,166
71$6,150,042$0$0$2,994,136
72$6,663,434$0$0$3,246,973
73$7,225,603$0$0$3,523,944
74$7,841,412$0$0$3,827,458
75$8,516,215$0$0$4,160,168
76$9,255,911$0$0$4,524,998
77$10,066,993$0$0$4,925,166
78$10,956,615$0$0$5,364,218
79$11,932,657$0$0$5,846,058
80$13,003,797$0$0$6,374,989
81$14,179,594$0$0$6,955,748
82$15,470,579$0$0$7,593,556
83$16,888,351$0$0$8,294,163
84$18,445,690$0$0$9,063,903
85$20,156,670$0$0$9,909,754
86$22,036,800$0$0$10,839,403
87$24,103,165$0$0$11,861,321
88$26,374,584$0$0$12,984,838
89$28,871,795$0$0$14,220,234
90$31,617,642$0$0$15,578,834
91$34,637,295$0$0$17,073,119
92$37,958,483$0$0$18,716,836
93$41,611,761$0$0$20,525,132
94$45,630,790$0$0$22,514,700
95$50,052,662$0$0$24,703,927
96$54,918,241$0$0$27,113,077
97$60,272,556$0$0$29,764,474
98$66,165,220$0$0$32,682,718
99$72,650,899$0$0$35,894,915
100$79,789,827$0$0$39,430,930