Can I retire at age 44 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$78,450$77,751$77,070$76,404$75,754$74,164
2 years$38,837$38,113$37,412$36,733$36,073$34,479
3 years$25,634$24,908$24,208$23,535$22,887$21,337
4 years$19,034$18,310$17,617$16,956$16,323$14,831
5 years$15,075$14,355$13,672$13,024$12,408$10,978
6 years$12,436$11,722$11,049$10,415$9,818$8,451
7 years$10,552$9,844$9,182$8,563$7,985$6,681
8 years$9,140$8,438$7,787$7,183$6,624$5,383
9 years$8,042$7,347$6,707$6,118$5,579$4,399
10 years$7,165$6,476$5,847$5,274$4,753$3,635
11 years$6,447$5,765$5,148$4,590$4,088$3,029
12 years$5,849$5,175$4,568$4,026$3,543$2,542
13 years$5,344$4,676$4,082$3,554$3,089$2,144
14 years$4,911$4,251$3,667$3,155$2,708$1,817
15 years$4,536$3,883$3,311$2,814$2,384$1,546
16 years$4,209$3,563$3,002$2,520$2,107$1,319
17 years$3,920$3,281$2,732$2,264$1,868$1,129
18 years$3,664$3,032$2,494$2,040$1,661$968
19 years$3,435$2,810$2,283$1,843$1,481$831
20 years$3,229$2,611$2,095$1,670$1,323$715
21 years$3,043$2,432$1,927$1,515$1,184$616
22 years$2,874$2,270$1,776$1,378$1,061$532
23 years$2,720$2,123$1,640$1,255$952$459
24 years$2,579$1,989$1,517$1,144$856$397
25 years$2,449$1,867$1,405$1,045$770$343
26 years$2,330$1,755$1,303$956$694$297
27 years$2,220$1,651$1,210$875$626$257
28 years$2,117$1,556$1,125$801$564$223
29 years$2,022$1,468$1,047$735$510$193
30 years$1,934$1,386$975$674$461$167
31 years$1,851$1,311$909$619$416$145
32 years$1,774$1,240$848$569$377$126
33 years$1,701$1,174$792$523$341$109
34 years$1,633$1,113$740$482$309$95
35 years$1,569$1,056$692$443$280$82
36 years$1,509$1,002$647$408$253$71
37 years$1,452$952$606$376$230$62
38 years$1,398$904$567$347$208$54
39 years$1,347$860$531$320$189$47
40 years$1,299$818$498$295$171$41
41 years$1,253$779$467$272$155$35
42 years$1,209$742$438$251$141$31
43 years$1,168$707$411$232$128$27
44 years$1,129$674$386$214$116$23
45 years$1,091$642$362$198$105$20
46 years$1,055$613$340$183$96$17
47 years$1,021$585$320$169$87$15
48 years$989$558$300$156$79$13
49 years$957$533$282$144$72$11
50 years$928$509$265$133$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $950,000, adding $6,276 every year, while hoping to spend $49,518 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: 38/40/22 Blend
43$950,000$950,000$950,000$950,000
44$1,053,374$1,003,024$988,299$1,086,263
45$1,108,131$999,485$968,720$1,107,146
46$1,166,814$994,113$946,826$1,124,597
47$1,229,771$986,767$922,486$1,142,456
48$1,297,383$977,294$895,565$1,160,790
49$1,370,071$965,536$865,921$1,179,675
50$1,448,293$951,323$833,405$1,199,198
51$1,532,557$934,475$797,861$1,219,460
52$1,623,416$914,803$759,128$1,240,579
53$1,721,481$892,105$717,035$1,262,685
54$1,827,422$866,167$671,406$1,285,930
55$1,941,974$836,765$622,053$1,310,486
56$2,065,948$803,659$568,784$1,336,547
57$2,200,232$766,596$511,396$1,364,334
58$2,345,806$725,309$449,678$1,394,096
59$2,503,744$679,515$383,409$1,426,114
60$2,675,231$628,916$312,357$1,460,708
61$2,861,566$573,194$236,283$1,498,233
62$3,064,181$512,016$154,934$1,539,093
63$3,284,651$445,029$68,048$1,583,739
64$3,524,709$371,859$0$1,632,677
65$3,786,261$292,111$0$1,692,269
66$4,071,405$205,370$0$1,774,780
67$4,382,450$111,196$0$1,865,004
68$4,721,939$9,123$0$1,963,808
69$5,092,669$0$0$2,072,157
70$5,497,719$0$0$2,235,730
71$5,940,481$0$0$2,419,047
72$6,424,688$0$0$2,619,652
73$6,954,450$0$0$2,839,267
74$7,534,292$0$0$3,079,783
75$8,169,198$0$0$3,343,285
76$8,864,657$0$0$3,632,069
77$9,626,711$0$0$3,948,664
78$10,462,018$0$0$4,295,855
79$11,377,908$0$0$4,676,708
80$12,382,455$0$0$5,094,603
81$13,484,551$0$0$5,553,261
82$14,693,992$0$0$6,056,780
83$16,021,568$0$0$6,609,677
84$17,479,164$0$0$7,216,925
85$19,079,871$0$0$7,884,004
86$20,838,112$0$0$8,616,949
87$22,769,775$0$0$9,422,412
88$24,892,361$0$0$10,307,718
89$27,225,154$0$0$11,280,938
90$29,789,396$0$0$12,350,964
91$32,608,489$0$0$13,527,592
92$35,708,218$0$0$14,821,617
93$39,116,990$0$0$16,244,930
94$42,866,102$0$0$17,810,634
95$46,990,037$0$0$19,533,164
96$51,526,790$0$0$21,428,427
97$56,518,220$0$0$23,513,946
98$62,010,450$0$0$25,809,034
99$68,054,300$0$0$28,334,965
100$74,705,764$0$0$31,115,183