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%12.4%
1 years$78,450$77,751$77,070$76,404$75,754$74,994
2 years$38,837$38,113$37,412$36,733$36,073$35,308
3 years$25,634$24,908$24,208$23,535$22,887$22,139
4 years$19,034$18,310$17,617$16,956$16,323$15,600
5 years$15,075$14,355$13,672$13,024$12,408$11,711
6 years$12,436$11,722$11,049$10,415$9,818$9,148
7 years$10,552$9,844$9,182$8,563$7,985$7,342
8 years$9,140$8,438$7,787$7,183$6,624$6,009
9 years$8,042$7,347$6,707$6,118$5,579$4,990
10 years$7,165$6,476$5,847$5,274$4,753$4,192
11 years$6,447$5,765$5,148$4,590$4,088$3,553
12 years$5,849$5,175$4,568$4,026$3,543$3,033
13 years$5,344$4,676$4,082$3,554$3,089$2,604
14 years$4,911$4,251$3,667$3,155$2,708$2,248
15 years$4,536$3,883$3,311$2,814$2,384$1,948
16 years$4,209$3,563$3,002$2,520$2,107$1,694
17 years$3,920$3,281$2,732$2,264$1,868$1,477
18 years$3,664$3,032$2,494$2,040$1,661$1,292
19 years$3,435$2,810$2,283$1,843$1,481$1,132
20 years$3,229$2,611$2,095$1,670$1,323$994
21 years$3,043$2,432$1,927$1,515$1,184$874
22 years$2,874$2,270$1,776$1,378$1,061$769
23 years$2,720$2,123$1,640$1,255$952$678
24 years$2,579$1,989$1,517$1,144$856$599
25 years$2,449$1,867$1,405$1,045$770$529
26 years$2,330$1,755$1,303$956$694$468
27 years$2,220$1,651$1,210$875$626$414
28 years$2,117$1,556$1,125$801$564$366
29 years$2,022$1,468$1,047$735$510$324
30 years$1,934$1,386$975$674$461$288
31 years$1,851$1,311$909$619$416$255
32 years$1,774$1,240$848$569$377$226
33 years$1,701$1,174$792$523$341$201
34 years$1,633$1,113$740$482$309$178
35 years$1,569$1,056$692$443$280$158
36 years$1,509$1,002$647$408$253$140
37 years$1,452$952$606$376$230$125
38 years$1,398$904$567$347$208$111
39 years$1,347$860$531$320$189$98
40 years$1,299$818$498$295$171$87
41 years$1,253$779$467$272$155$78
42 years$1,209$742$438$251$141$69
43 years$1,168$707$411$232$128$61
44 years$1,129$674$386$214$116$55
45 years$1,091$642$362$198$105$49
46 years$1,055$613$340$183$96$43
47 years$1,021$585$320$169$87$38
48 years$989$558$300$156$79$34
49 years$957$533$282$144$72$30
50 years$928$509$265$133$65$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $950,000, adding $5,751 every year, while hoping to spend $30,520 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: 49/30/21 Blend
43$950,000$950,000$950,000$950,000
44$1,052,832$1,002,482$987,757$1,097,942
45$1,127,748$1,019,131$988,374$1,146,522
46$1,209,282$1,035,572$987,989$1,195,713
47$1,298,078$1,051,764$986,535$1,248,517
48$1,394,843$1,067,661$983,945$1,305,286
49$1,500,354$1,083,215$980,145$1,366,411
50$1,615,471$1,098,372$975,059$1,432,321
51$1,741,134$1,113,078$968,609$1,503,490
52$1,878,383$1,127,272$960,711$1,580,443
53$2,028,361$1,140,891$951,277$1,663,757
54$2,192,325$1,153,866$940,217$1,754,072
55$2,371,661$1,166,124$927,433$1,852,090
56$2,567,895$1,177,589$912,827$1,958,590
57$2,782,706$1,188,176$896,292$2,074,430
58$3,017,943$1,197,798$877,719$2,200,557
59$3,275,644$1,206,361$856,993$2,338,017
60$3,558,051$1,213,764$833,994$2,487,962
61$3,867,635$1,219,901$808,596$2,651,667
62$4,207,117$1,224,659$780,666$2,830,537
63$4,579,492$1,227,917$750,068$3,026,121
64$4,988,062$1,229,547$716,657$3,240,130
65$5,436,463$1,229,413$680,283$3,474,453
66$5,928,698$1,227,370$640,789$3,731,172
67$6,469,179$1,223,265$598,009$4,012,585
68$7,062,765$1,216,935$551,773$4,321,228
69$7,714,810$1,208,208$501,900$4,659,898
70$8,431,210$1,196,899$448,203$5,031,682
71$9,218,462$1,182,816$390,486$5,439,983
72$10,083,723$1,165,751$328,545$5,888,557
73$11,034,877$1,145,487$262,165$6,381,546
74$12,080,611$1,121,793$191,124$6,923,522
75$13,230,495$1,094,423$115,189$7,519,522
76$14,495,074$1,063,118$34,116$8,175,108
77$15,885,965$1,027,604$0$8,896,411
78$17,415,966$987,590$0$9,701,936
79$19,099,182$942,768$0$10,596,320
80$20,951,149$892,815$0$11,580,198
81$22,988,988$837,385$0$12,662,706
82$25,231,563$776,114$0$13,853,916
83$27,699,658$708,619$0$15,164,929
84$30,416,174$634,493$0$16,607,983
85$33,406,347$553,306$0$18,196,568
86$36,697,980$464,604$0$19,945,556
87$40,321,712$367,907$0$21,871,338
88$44,311,301$262,709$0$23,991,984
89$48,703,947$148,475$0$26,327,411
90$53,540,639$24,640$0$28,899,575
91$58,866,543$0$0$31,732,676
92$64,731,429$0$0$34,889,504
93$71,190,140$0$0$38,375,057
94$78,303,106$0$0$42,213,832
95$86,136,920$0$0$46,441,783
96$94,764,960$0$0$51,098,534
97$104,268,085$0$0$56,227,743
98$114,735,398$0$0$61,877,522
99$126,265,083$0$0$68,100,886
100$138,965,336$0$0$74,956,258