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%17.6%
1 years$78,450$77,751$77,070$76,404$75,754$73,418
2 years$38,837$38,113$37,412$36,733$36,073$33,740
3 years$25,634$24,908$24,208$23,535$22,887$20,629
4 years$19,034$18,310$17,617$16,956$16,323$14,159
5 years$15,075$14,355$13,672$13,024$12,408$10,343
6 years$12,436$11,722$11,049$10,415$9,818$7,854
7 years$10,552$9,844$9,182$8,563$7,985$6,122
8 years$9,140$8,438$7,787$7,183$6,624$4,861
9 years$8,042$7,347$6,707$6,118$5,579$3,913
10 years$7,165$6,476$5,847$5,274$4,753$3,183
11 years$6,447$5,765$5,148$4,590$4,088$2,611
12 years$5,849$5,175$4,568$4,026$3,543$2,155
13 years$5,344$4,676$4,082$3,554$3,089$1,788
14 years$4,911$4,251$3,667$3,155$2,708$1,489
15 years$4,536$3,883$3,311$2,814$2,384$1,245
16 years$4,209$3,563$3,002$2,520$2,107$1,044
17 years$3,920$3,281$2,732$2,264$1,868$877
18 years$3,664$3,032$2,494$2,040$1,661$738
19 years$3,435$2,810$2,283$1,843$1,481$622
20 years$3,229$2,611$2,095$1,670$1,323$525
21 years$3,043$2,432$1,927$1,515$1,184$444
22 years$2,874$2,270$1,776$1,378$1,061$376
23 years$2,720$2,123$1,640$1,255$952$318
24 years$2,579$1,989$1,517$1,144$856$269
25 years$2,449$1,867$1,405$1,045$770$228
26 years$2,330$1,755$1,303$956$694$194
27 years$2,220$1,651$1,210$875$626$164
28 years$2,117$1,556$1,125$801$564$139
29 years$2,022$1,468$1,047$735$510$118
30 years$1,934$1,386$975$674$461$101
31 years$1,851$1,311$909$619$416$85
32 years$1,774$1,240$848$569$377$73
33 years$1,701$1,174$792$523$341$62
34 years$1,633$1,113$740$482$309$52
35 years$1,569$1,056$692$443$280$45
36 years$1,509$1,002$647$408$253$38
37 years$1,452$952$606$376$230$32
38 years$1,398$904$567$347$208$27
39 years$1,347$860$531$320$189$23
40 years$1,299$818$498$295$171$20
41 years$1,253$779$467$272$155$17
42 years$1,209$742$438$251$141$14
43 years$1,168$707$411$232$128$12
44 years$1,129$674$386$214$116$10
45 years$1,091$642$362$198$105$9
46 years$1,055$613$340$183$96$7
47 years$1,021$585$320$169$87$6
48 years$989$558$300$156$79$5
49 years$957$533$282$144$72$5
50 years$928$509$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $950,000, adding $2,039 every year, while hoping to spend $36,319 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: 56/35/9 Blend
43$950,000$950,000$950,000$950,000
44$1,049,003$998,653$983,928$1,105,374
45$1,117,358$1,008,944$978,247$1,153,956
46$1,191,469$1,018,522$971,158$1,202,642
47$1,271,882$1,027,314$962,575$1,254,794
48$1,359,203$1,035,241$952,410$1,310,746
49$1,454,095$1,042,220$940,569$1,370,870
50$1,557,287$1,048,164$926,953$1,435,575
51$1,669,584$1,052,978$911,459$1,505,311
52$1,791,869$1,056,561$893,980$1,580,579
53$1,925,114$1,058,807$874,404$1,661,928
54$2,070,391$1,059,603$852,611$1,749,967
55$2,228,876$1,058,829$828,479$1,845,367
56$2,401,867$1,056,358$801,879$1,948,870
57$2,590,791$1,052,053$772,675$2,061,294
58$2,797,219$1,045,771$740,727$2,183,543
59$3,022,882$1,037,359$705,887$2,316,616
60$3,269,682$1,026,657$668,001$2,461,613
61$3,539,718$1,013,491$626,908$2,619,751
62$3,835,298$997,681$582,438$2,792,373
63$4,158,965$979,034$534,416$2,980,961
64$4,513,519$957,346$482,658$3,187,151
65$4,902,043$932,401$426,972$3,412,748
66$5,327,933$903,970$367,158$3,659,746
67$5,794,929$871,812$303,004$3,930,345
68$6,307,150$835,669$234,293$4,226,972
69$6,869,134$795,271$160,797$4,552,307
70$7,485,878$750,331$82,275$4,909,307
71$8,162,886$700,547$0$5,301,234
72$8,906,223$645,596$0$5,731,835
73$9,722,568$585,141$0$6,213,377
74$10,619,280$518,822$0$6,742,361
75$11,604,464$446,262$0$7,323,650
76$12,687,050$367,059$0$7,962,608
77$13,876,876$280,792$0$8,665,151
78$15,184,780$187,014$0$9,437,803
79$16,622,704$85,254$0$10,287,759
80$18,203,801$0$0$11,222,956
81$19,942,567$0$0$12,261,768
82$21,854,968$0$0$13,440,526
83$23,958,600$0$0$14,737,251
84$26,272,847$0$0$16,163,904
85$28,819,066$0$0$17,733,665
86$31,620,791$0$0$19,461,054
87$34,703,951$0$0$21,362,072
88$38,097,115$0$0$23,454,347
89$41,831,763$0$0$25,757,304
90$45,942,580$0$0$28,292,347
91$50,467,786$0$0$31,083,060
92$55,449,493$0$0$34,155,430
93$60,934,105$0$0$37,538,092
94$66,972,754$0$0$41,262,598
95$73,621,781$0$0$45,363,715
96$80,943,269$0$0$49,879,755
97$89,005,630$0$0$54,852,932
98$97,884,245$0$0$60,329,765
99$107,662,180$0$0$66,361,512
100$118,430,967$0$0$73,004,659