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%20%
1 years$77,624$76,933$76,258$75,600$74,957$71,955
2 years$38,428$37,712$37,019$36,346$35,694$32,707
3 years$25,364$24,645$23,953$23,287$22,646$19,768
4 years$18,834$18,117$17,432$16,777$16,151$13,404
5 years$14,916$14,204$13,528$12,886$12,278$9,669
6 years$12,305$11,599$10,933$10,305$9,715$7,246
7 years$10,441$9,740$9,085$8,473$7,901$5,571
8 years$9,044$8,349$7,705$7,108$6,555$4,361
9 years$7,958$7,270$6,636$6,054$5,520$3,460
10 years$7,089$6,408$5,786$5,219$4,703$2,772
11 years$6,379$5,704$5,094$4,542$4,045$2,238
12 years$5,788$5,120$4,520$3,984$3,505$1,818
13 years$5,288$4,627$4,039$3,517$3,057$1,484
14 years$4,859$4,206$3,629$3,122$2,679$1,216
15 years$4,489$3,842$3,276$2,784$2,359$999
16 years$4,165$3,525$2,970$2,493$2,085$823
17 years$3,879$3,246$2,703$2,240$1,849$679
18 years$3,625$3,000$2,467$2,019$1,644$562
19 years$3,399$2,780$2,259$1,824$1,465$465
20 years$3,195$2,584$2,073$1,652$1,309$385
21 years$3,011$2,406$1,907$1,499$1,171$320
22 years$2,843$2,246$1,757$1,363$1,050$265
23 years$2,691$2,101$1,623$1,242$942$221
24 years$2,552$1,968$1,501$1,132$847$183
25 years$2,423$1,847$1,390$1,034$762$152
26 years$2,305$1,736$1,289$946$687$127
27 years$2,196$1,634$1,197$865$619$106
28 years$2,095$1,540$1,113$793$559$88
29 years$2,001$1,452$1,036$727$504$73
30 years$1,913$1,372$965$667$456$61
31 years$1,832$1,297$899$613$412$51
32 years$1,755$1,227$839$563$373$42
33 years$1,683$1,162$783$518$337$35
34 years$1,616$1,101$732$477$305$29
35 years$1,553$1,045$684$439$277$24
36 years$1,493$991$640$404$251$20
37 years$1,437$942$599$372$227$17
38 years$1,383$895$561$343$206$14
39 years$1,333$851$526$316$187$12
40 years$1,285$810$493$292$169$10
41 years$1,240$771$462$269$154$8
42 years$1,197$734$433$248$139$7
43 years$1,156$699$407$229$127$6
44 years$1,117$667$382$212$115$5
45 years$1,080$636$358$196$104$4
46 years$1,044$606$337$181$95$3
47 years$1,011$579$316$167$86$3
48 years$978$552$297$154$78$2
49 years$947$528$279$143$71$2
50 years$918$504$263$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $940,000, adding $6,584 every year, while hoping to spend $35,001 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: 57/22/21 Blend
43$940,000$940,000$940,000$940,000
44$1,042,671$992,851$978,281$1,095,879
45$1,111,783$1,004,260$973,813$1,144,299
46$1,186,771$1,015,055$968,022$1,192,725
47$1,268,198$1,025,169$960,827$1,244,737
48$1,356,682$1,034,530$952,142$1,300,688
49$1,452,904$1,043,063$941,880$1,360,968
50$1,557,613$1,050,685$929,945$1,426,010
51$1,671,632$1,057,311$916,241$1,496,288
52$1,795,868$1,062,849$900,664$1,572,331
53$1,931,318$1,067,201$883,109$1,654,717
54$2,079,081$1,070,262$863,461$1,744,090
55$2,240,365$1,071,923$841,605$1,841,156
56$2,416,501$1,072,065$817,417$1,946,699
57$2,608,952$1,070,565$790,769$2,061,581
58$2,819,331$1,067,289$761,526$2,186,755
59$3,049,414$1,062,096$729,547$2,323,273
60$3,301,154$1,054,839$694,687$2,472,298
61$3,576,703$1,045,357$656,791$2,635,110
62$3,878,431$1,033,485$615,698$2,813,126
63$4,208,949$1,019,043$571,241$3,007,906
64$4,571,129$1,001,843$523,245$3,221,176
65$4,968,137$981,686$471,526$3,454,836
66$5,403,458$958,360$415,894$3,710,987
67$5,880,932$931,641$356,147$3,991,945
68$6,404,787$901,292$292,079$4,300,267
69$6,979,682$867,061$223,470$4,638,773
70$7,610,747$828,684$150,093$5,010,576
71$8,303,633$785,880$71,711$5,419,108
72$9,064,566$738,350$0$5,868,160
73$9,900,403$685,782$0$6,364,584
74$10,818,701$627,842$0$6,927,637
75$11,827,782$564,179$0$7,546,382
76$12,936,814$494,423$0$8,226,492
77$14,155,900$418,180$0$8,974,220
78$15,496,167$335,036$0$9,796,461
79$16,969,878$244,554$0$10,700,816
80$18,590,539$146,271$0$11,695,661
81$20,373,034$39,699$0$12,790,233
82$22,333,762$0$0$13,994,712
83$24,490,787$0$0$15,338,641
84$26,864,018$0$0$16,827,945
85$29,475,385$0$0$18,466,787
86$32,349,056$0$0$20,270,347
87$35,511,658$0$0$22,255,348
88$38,992,530$0$0$24,440,217
89$42,823,999$0$0$26,845,261
90$47,041,686$0$0$29,492,852
91$51,684,841$0$0$32,407,642
92$56,796,712$0$0$35,616,796
93$62,424,955$0$0$39,150,246
94$68,622,080$0$0$43,040,975
95$75,445,950$0$0$47,325,327
96$82,960,324$0$0$52,043,349
97$91,235,459$0$0$57,239,171
98$100,348,773$0$0$62,961,420
99$110,385,574$0$0$69,263,679
100$121,439,869$0$0$76,204,995