Can I retire at age 44 with 940,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,380 every year, while hoping to spend $55,514 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: 42/40/18 Blend
43$940,000$940,000$940,000$940,000
44$1,038,335$988,515$973,945$1,076,379
45$1,085,179$977,886$947,506$1,092,894
46$1,134,940$964,875$918,320$1,105,164
47$1,187,857$949,308$886,238$1,117,287
48$1,244,193$930,998$851,101$1,129,278
49$1,304,233$909,749$812,744$1,141,155
50$1,368,290$885,352$770,997$1,152,944
51$1,436,709$857,588$725,679$1,164,679
52$1,509,865$826,221$676,601$1,176,401
53$1,588,171$791,006$623,567$1,188,161
54$1,672,081$751,681$566,372$1,200,020
55$1,762,089$707,970$504,802$1,212,052
56$1,858,741$659,579$438,631$1,224,346
57$1,962,634$606,200$367,627$1,237,004
58$2,074,425$547,506$291,545$1,250,149
59$2,194,834$483,152$210,130$1,263,921
60$2,324,653$412,772$123,114$1,278,484
61$2,464,750$335,980$30,222$1,294,027
62$2,616,081$252,370$0$1,310,767
63$2,779,696$161,511$0$1,342,189
64$2,956,748$62,948$0$1,382,397
65$3,148,505$0$0$1,425,964
66$3,356,362$0$0$1,492,603
67$3,581,851$0$0$1,595,052
68$3,826,659$0$0$1,706,381
69$4,092,641$0$0$1,827,449
70$4,381,836$0$0$1,959,196
71$4,696,489$0$0$2,102,660
72$5,039,069$0$0$2,258,981
73$5,412,294$0$0$2,429,416
74$5,819,154$0$0$2,615,345
75$6,262,940$0$0$2,818,290
76$6,747,275$0$0$3,039,925
77$7,276,146$0$0$3,282,094
78$7,853,941$0$0$3,546,825
79$8,485,494$0$0$3,836,351
80$9,176,125$0$0$4,153,134
81$9,931,691$0$0$4,499,881
82$10,758,642$0$0$4,879,575
83$11,664,081$0$0$5,295,499
84$12,655,828$0$0$5,751,272
85$13,742,497$0$0$6,250,876
86$14,933,573$0$0$6,798,698
87$16,239,503$0$0$7,399,570
88$17,671,793$0$0$8,058,814
89$19,243,117$0$0$8,782,293
90$20,967,432$0$0$9,576,463
91$22,860,115$0$0$10,448,437
92$24,938,104$0$0$11,406,051
93$27,220,054$0$0$12,457,935
94$29,726,518$0$0$13,613,599
95$32,480,138$0$0$14,883,516
96$35,505,854$0$0$16,279,226
97$38,831,144$0$0$17,813,443
98$42,486,281$0$0$19,500,173
99$46,504,614$0$0$21,354,846
100$50,922,886$0$0$23,394,465