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%13.2%
1 years$77,624$76,933$76,258$75,600$74,957$73,959
2 years$38,428$37,712$37,019$36,346$35,694$34,690
3 years$25,364$24,645$23,953$23,287$22,646$21,667
4 years$18,834$18,117$17,432$16,777$16,151$15,205
5 years$14,916$14,204$13,528$12,886$12,278$11,368
6 years$12,305$11,599$10,933$10,305$9,715$8,842
7 years$10,441$9,740$9,085$8,473$7,901$7,065
8 years$9,044$8,349$7,705$7,108$6,555$5,755
9 years$7,958$7,270$6,636$6,054$5,520$4,757
10 years$7,089$6,408$5,786$5,219$4,703$3,976
11 years$6,379$5,704$5,094$4,542$4,045$3,353
12 years$5,788$5,120$4,520$3,984$3,505$2,848
13 years$5,288$4,627$4,039$3,517$3,057$2,433
14 years$4,859$4,206$3,629$3,122$2,679$2,089
15 years$4,489$3,842$3,276$2,784$2,359$1,800
16 years$4,165$3,525$2,970$2,493$2,085$1,557
17 years$3,879$3,246$2,703$2,240$1,849$1,350
18 years$3,625$3,000$2,467$2,019$1,644$1,174
19 years$3,399$2,780$2,259$1,824$1,465$1,023
20 years$3,195$2,584$2,073$1,652$1,309$893
21 years$3,011$2,406$1,907$1,499$1,171$780
22 years$2,843$2,246$1,757$1,363$1,050$683
23 years$2,691$2,101$1,623$1,242$942$598
24 years$2,552$1,968$1,501$1,132$847$525
25 years$2,423$1,847$1,390$1,034$762$461
26 years$2,305$1,736$1,289$946$687$405
27 years$2,196$1,634$1,197$865$619$356
28 years$2,095$1,540$1,113$793$559$313
29 years$2,001$1,452$1,036$727$504$275
30 years$1,913$1,372$965$667$456$243
31 years$1,832$1,297$899$613$412$214
32 years$1,755$1,227$839$563$373$188
33 years$1,683$1,162$783$518$337$166
34 years$1,616$1,101$732$477$305$146
35 years$1,553$1,045$684$439$277$129
36 years$1,493$991$640$404$251$114
37 years$1,437$942$599$372$227$100
38 years$1,383$895$561$343$206$89
39 years$1,333$851$526$316$187$78
40 years$1,285$810$493$292$169$69
41 years$1,240$771$462$269$154$61
42 years$1,197$734$433$248$139$54
43 years$1,156$699$407$229$127$47
44 years$1,117$667$382$212$115$42
45 years$1,080$636$358$196$104$37
46 years$1,044$606$337$181$95$33
47 years$1,011$579$316$167$86$29
48 years$978$552$297$154$78$25
49 years$947$528$279$143$71$22
50 years$918$504$263$132$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $940,000, adding $2,180 every year, while hoping to spend $54,675 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: 54/17/29 Blend
43$940,000$940,000$940,000$940,000
44$1,038,129$988,309$973,739$1,085,694
45$1,085,844$978,562$948,185$1,109,110
46$1,136,594$966,505$919,943$1,128,830
47$1,190,630$951,968$888,865$1,149,217
48$1,248,228$934,768$854,796$1,170,356
49$1,309,690$914,714$817,574$1,192,346
50$1,375,347$891,603$777,031$1,215,296
51$1,445,560$865,220$732,990$1,239,331
52$1,520,728$835,337$685,266$1,264,590
53$1,601,287$801,713$633,666$1,291,234
54$1,687,714$764,092$577,990$1,319,441
55$1,780,534$722,206$518,026$1,349,412
56$1,880,323$675,769$453,554$1,381,373
57$1,987,713$624,478$384,345$1,415,577
58$2,103,398$568,016$310,159$1,452,310
59$2,228,140$506,045$230,745$1,491,889
60$2,362,777$438,208$145,842$1,534,672
61$2,508,230$364,129$55,177$1,581,057
62$2,665,509$283,411$0$1,631,490
63$2,835,725$195,632$0$1,699,334
64$3,020,101$100,350$0$1,791,335
65$3,219,980$0$0$1,891,117
66$3,436,839$0$0$2,000,014
67$3,672,303$0$0$2,138,711
68$3,928,160$0$0$2,289,498
69$4,206,373$0$0$2,453,543
70$4,509,108$0$0$2,632,132
71$4,838,742$0$0$2,826,679
72$5,197,894$0$0$3,038,742
73$5,589,447$0$0$3,270,033
74$6,016,571$0$0$3,522,437
75$6,482,757$0$0$3,798,031
76$6,991,847$0$0$4,099,100
77$7,548,072$0$0$4,428,157
78$8,156,089$0$0$4,787,974
79$8,821,024$0$0$5,181,599
80$9,548,521$0$0$5,612,388
81$10,344,798$0$0$6,084,040
82$11,216,699$0$0$6,600,624
83$12,171,760$0$0$7,166,624
84$13,218,283$0$0$7,786,978
85$14,365,409$0$0$8,467,122
86$15,623,205$0$0$9,213,046
87$17,002,762$0$0$10,031,346
88$18,516,292$0$0$10,929,288
89$20,177,248$0$0$11,914,874
90$22,000,449$0$0$12,996,920
91$24,002,218$0$0$14,185,137
92$26,200,536$0$0$15,490,222
93$28,615,210$0$0$16,923,959
94$31,268,061$0$0$18,499,329
95$34,183,126$0$0$20,230,635
96$37,386,888$0$0$22,133,631
97$40,908,523$0$0$24,225,677
98$44,780,171$0$0$26,525,895
99$49,037,246$0$0$29,055,355
100$53,718,761$0$0$31,837,271