Can I retire at age 44 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$77,624$76,933$76,258$75,600$74,957$74,143
2 years$38,428$37,712$37,019$36,346$35,694$34,875
3 years$25,364$24,645$23,953$23,287$22,646$21,846
4 years$18,834$18,117$17,432$16,777$16,151$15,378
5 years$14,916$14,204$13,528$12,886$12,278$11,533
6 years$12,305$11,599$10,933$10,305$9,715$8,999
7 years$10,441$9,740$9,085$8,473$7,901$7,214
8 years$9,044$8,349$7,705$7,108$6,555$5,897
9 years$7,958$7,270$6,636$6,054$5,520$4,892
10 years$7,089$6,408$5,786$5,219$4,703$4,104
11 years$6,379$5,704$5,094$4,542$4,045$3,474
12 years$5,788$5,120$4,520$3,984$3,505$2,962
13 years$5,288$4,627$4,039$3,517$3,057$2,540
14 years$4,859$4,206$3,629$3,122$2,679$2,190
15 years$4,489$3,842$3,276$2,784$2,359$1,895
16 years$4,165$3,525$2,970$2,493$2,085$1,645
17 years$3,879$3,246$2,703$2,240$1,849$1,433
18 years$3,625$3,000$2,467$2,019$1,644$1,251
19 years$3,399$2,780$2,259$1,824$1,465$1,095
20 years$3,195$2,584$2,073$1,652$1,309$960
21 years$3,011$2,406$1,907$1,499$1,171$843
22 years$2,843$2,246$1,757$1,363$1,050$741
23 years$2,691$2,101$1,623$1,242$942$652
24 years$2,552$1,968$1,501$1,132$847$575
25 years$2,423$1,847$1,390$1,034$762$507
26 years$2,305$1,736$1,289$946$687$447
27 years$2,196$1,634$1,197$865$619$395
28 years$2,095$1,540$1,113$793$559$349
29 years$2,001$1,452$1,036$727$504$309
30 years$1,913$1,372$965$667$456$273
31 years$1,832$1,297$899$613$412$242
32 years$1,755$1,227$839$563$373$214
33 years$1,683$1,162$783$518$337$190
34 years$1,616$1,101$732$477$305$168
35 years$1,553$1,045$684$439$277$149
36 years$1,493$991$640$404$251$132
37 years$1,437$942$599$372$227$117
38 years$1,383$895$561$343$206$104
39 years$1,333$851$526$316$187$92
40 years$1,285$810$493$292$169$82
41 years$1,240$771$462$269$154$73
42 years$1,197$734$433$248$139$64
43 years$1,156$699$407$229$127$57
44 years$1,117$667$382$212$115$51
45 years$1,080$636$358$196$104$45
46 years$1,044$606$337$181$95$40
47 years$1,011$579$316$167$86$35
48 years$978$552$297$154$78$31
49 years$947$528$279$143$71$28
50 years$918$504$263$132$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $940,000, adding $6,690 every year, while hoping to spend $30,083 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: 45/25/30 Blend
43$940,000$940,000$940,000$940,000
44$1,042,781$992,961$978,391$1,080,398
45$1,117,136$1,009,608$979,159$1,124,529
46$1,198,068$1,026,062$978,944$1,168,980
47$1,286,214$1,042,283$977,683$1,216,626
48$1,382,279$1,058,226$975,306$1,267,781
49$1,487,036$1,073,843$971,743$1,322,797
50$1,601,337$1,089,084$966,919$1,382,057
51$1,726,118$1,103,895$960,756$1,445,990
52$1,862,413$1,118,217$953,173$1,515,067
53$2,011,358$1,131,988$944,082$1,589,807
54$2,174,203$1,145,141$933,395$1,670,785
55$2,352,325$1,157,606$921,017$1,758,638
56$2,547,240$1,169,307$906,850$1,854,066
57$2,760,619$1,180,164$890,789$1,957,845
58$2,994,299$1,190,089$872,728$2,070,830
59$3,250,306$1,198,992$852,553$2,193,966
60$3,530,869$1,206,774$830,145$2,328,297
61$3,838,444$1,213,333$805,382$2,474,975
62$4,175,736$1,218,556$778,132$2,635,272
63$4,545,723$1,222,328$748,262$2,810,593
64$4,951,687$1,224,522$715,629$3,002,488
65$5,397,242$1,225,006$680,085$3,212,669
66$5,886,368$1,223,639$641,476$3,443,026
67$6,423,452$1,220,271$599,639$3,695,643
68$7,013,323$1,214,744$554,406$3,972,822
69$7,661,303$1,206,888$505,600$4,277,103
70$8,373,255$1,196,524$453,037$4,611,290
71$9,155,637$1,183,464$396,523$4,978,475
72$10,015,564$1,167,505$335,858$5,382,072
73$10,960,873$1,148,435$270,832$5,825,848
74$12,000,202$1,126,028$201,224$6,313,957
75$13,143,064$1,100,044$126,806$6,850,983
76$14,399,941$1,070,231$47,339$7,441,985
77$15,782,382$1,036,320$0$8,092,543
78$17,303,112$998,027$0$8,820,804
79$18,976,151$955,052$0$9,638,515
80$20,816,946$907,077$0$10,538,084
81$22,842,517$853,766$0$11,527,861
82$25,071,616$794,763$0$12,617,053
83$27,524,907$729,692$0$13,815,808
84$30,225,158$658,157$0$15,135,309
85$33,197,454$579,737$0$16,587,888
86$36,469,439$493,989$0$18,187,135
87$40,071,570$400,442$0$19,948,029
88$44,037,409$298,603$0$21,887,084
89$48,403,938$187,948$0$24,022,501
90$53,211,906$67,924$0$26,374,342
91$58,506,216$0$0$28,964,719
92$64,336,346$0$0$31,835,079
93$70,756,819$0$0$35,016,808
94$77,827,712$0$0$38,521,011
95$85,615,227$0$0$42,380,517
96$94,192,316$0$0$46,631,499
97$103,639,364$0$0$51,313,818
98$114,044,952$0$0$56,471,400
99$125,506,694$0$0$62,152,648
100$138,132,152$0$0$68,410,899