Can I retire at age 44 with 950,000?

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 $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%18.2%
1 years$78,450$77,751$77,070$76,404$75,754$73,241
2 years$38,837$38,113$37,412$36,733$36,073$33,566
3 years$25,634$24,908$24,208$23,535$22,887$20,464
4 years$19,034$18,310$17,617$16,956$16,323$14,003
5 years$15,075$14,355$13,672$13,024$12,408$10,197
6 years$12,436$11,722$11,049$10,415$9,818$7,718
7 years$10,552$9,844$9,182$8,563$7,985$5,995
8 years$9,140$8,438$7,787$7,183$6,624$4,744
9 years$8,042$7,347$6,707$6,118$5,579$3,805
10 years$7,165$6,476$5,847$5,274$4,753$3,083
11 years$6,447$5,765$5,148$4,590$4,088$2,519
12 years$5,849$5,175$4,568$4,026$3,543$2,071
13 years$5,344$4,676$4,082$3,554$3,089$1,711
14 years$4,911$4,251$3,667$3,155$2,708$1,419
15 years$4,536$3,883$3,311$2,814$2,384$1,182
16 years$4,209$3,563$3,002$2,520$2,107$986
17 years$3,920$3,281$2,732$2,264$1,868$825
18 years$3,664$3,032$2,494$2,040$1,661$691
19 years$3,435$2,810$2,283$1,843$1,481$580
20 years$3,229$2,611$2,095$1,670$1,323$488
21 years$3,043$2,432$1,927$1,515$1,184$410
22 years$2,874$2,270$1,776$1,378$1,061$345
23 years$2,720$2,123$1,640$1,255$952$291
24 years$2,579$1,989$1,517$1,144$856$245
25 years$2,449$1,867$1,405$1,045$770$207
26 years$2,330$1,755$1,303$956$694$175
27 years$2,220$1,651$1,210$875$626$148
28 years$2,117$1,556$1,125$801$564$125
29 years$2,022$1,468$1,047$735$510$105
30 years$1,934$1,386$975$674$461$89
31 years$1,851$1,311$909$619$416$75
32 years$1,774$1,240$848$569$377$64
33 years$1,701$1,174$792$523$341$54
34 years$1,633$1,113$740$482$309$45
35 years$1,569$1,056$692$443$280$38
36 years$1,509$1,002$647$408$253$32
37 years$1,452$952$606$376$230$27
38 years$1,398$904$567$347$208$23
39 years$1,347$860$531$320$189$20
40 years$1,299$818$498$295$171$17
41 years$1,253$779$467$272$155$14
42 years$1,209$742$438$251$141$12
43 years$1,168$707$411$232$128$10
44 years$1,129$674$386$214$116$9
45 years$1,091$642$362$198$105$7
46 years$1,055$613$340$183$96$6
47 years$1,021$585$320$169$87$5
48 years$989$558$300$156$79$4
49 years$957$533$282$144$72$4
50 years$928$509$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $950,000, adding $3,117 every year, while hoping to spend $53,776 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: 45/26/29 Blend
43$950,000$950,000$950,000$950,000
44$1,050,115$999,765$985,040$1,088,440
45$1,100,010$991,536$960,822$1,107,810
46$1,153,191$981,102$933,990$1,123,418
47$1,209,938$968,297$904,400$1,139,325
48$1,270,555$952,948$871,901$1,155,589
49$1,335,377$934,868$836,335$1,172,279
50$1,404,771$913,861$797,537$1,189,473
51$1,479,138$889,721$755,335$1,207,263
52$1,558,920$862,227$709,548$1,225,754
53$1,644,600$831,146$659,988$1,245,065
54$1,736,709$796,232$606,458$1,265,333
55$1,835,831$757,225$548,752$1,286,717
56$1,942,605$713,849$486,655$1,309,392
57$2,057,736$665,813$419,943$1,333,563
58$2,181,995$612,807$348,381$1,359,457
59$2,316,231$554,507$271,724$1,387,333
60$2,461,376$490,568$189,717$1,417,483
61$2,618,457$420,626$102,093$1,450,237
62$2,788,599$344,297$8,573$1,485,966
63$2,973,043$261,174$0$1,525,085
64$3,173,150$170,827$0$1,596,293
65$3,390,418$72,805$0$1,676,550
66$3,626,497$0$0$1,763,888
67$3,883,199$0$0$1,868,614
68$4,162,518$0$0$2,005,331
69$4,466,650$0$0$2,154,295
70$4,798,009$0$0$2,316,704
71$5,159,254$0$0$2,493,872
72$5,553,308$0$0$2,687,249
73$5,983,393$0$0$2,898,429
74$6,453,050$0$0$3,129,167
75$6,966,183$0$0$3,381,396
76$7,527,084$0$0$3,657,243
77$8,140,484$0$0$3,959,052
78$8,811,588$0$0$4,289,401
79$9,546,130$0$0$4,651,132
80$10,350,421$0$0$5,047,372
81$11,231,413$0$0$5,481,566
82$12,196,761$0$0$5,957,507
83$13,254,897$0$0$6,479,375
84$14,415,107$0$0$7,051,770
85$15,687,616$0$0$7,679,762
86$17,083,689$0$0$8,368,933
87$18,615,733$0$0$9,125,433
88$20,297,416$0$0$9,956,037
89$22,143,791$0$0$10,868,207
90$24,171,442$0$0$11,870,163
91$26,398,636$0$0$12,970,960
92$28,845,497$0$0$14,180,574
93$31,534,196$0$0$15,509,997
94$34,489,155$0$0$16,971,335
95$37,737,282$0$0$18,577,929
96$41,308,220$0$0$20,344,473
97$45,234,629$0$0$22,287,161
98$49,552,489$0$0$24,423,830
99$54,301,446$0$0$26,774,136
100$59,525,176$0$0$29,359,734