Can I retire at age 44 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$79,276$78,570$77,881$77,208$76,552$73,836
2 years$39,245$38,515$37,806$37,119$36,453$33,746
3 years$25,904$25,170$24,463$23,783$23,127$20,514
4 years$19,234$18,502$17,803$17,134$16,495$13,995
5 years$15,234$14,506$13,816$13,161$12,539$10,159
6 years$12,567$11,845$11,165$10,525$9,922$7,664
7 years$10,664$9,948$9,278$8,653$8,069$5,933
8 years$9,236$8,527$7,869$7,259$6,694$4,677
9 years$8,127$7,424$6,777$6,183$5,637$3,738
10 years$7,240$6,544$5,909$5,330$4,803$3,018
11 years$6,515$5,826$5,202$4,638$4,131$2,456
12 years$5,911$5,229$4,617$4,068$3,580$2,011
13 years$5,400$4,725$4,125$3,592$3,122$1,655
14 years$4,963$4,295$3,706$3,188$2,736$1,367
15 years$4,584$3,924$3,346$2,844$2,409$1,133
16 years$4,253$3,600$3,034$2,546$2,129$942
17 years$3,961$3,316$2,760$2,288$1,888$784
18 years$3,702$3,064$2,520$2,062$1,679$654
19 years$3,471$2,839$2,307$1,863$1,496$547
20 years$3,263$2,639$2,117$1,687$1,337$457
21 years$3,075$2,458$1,947$1,531$1,196$383
22 years$2,904$2,294$1,795$1,392$1,072$321
23 years$2,748$2,146$1,657$1,268$962$269
24 years$2,606$2,010$1,533$1,156$865$226
25 years$2,475$1,887$1,420$1,056$778$190
26 years$2,354$1,773$1,317$966$701$159
27 years$2,243$1,669$1,223$884$632$134
28 years$2,140$1,572$1,136$810$570$112
29 years$2,044$1,483$1,058$743$515$95
30 years$1,954$1,401$985$682$465$80
31 years$1,871$1,324$918$626$421$67
32 years$1,792$1,253$857$575$381$56
33 years$1,719$1,187$800$529$344$47
34 years$1,650$1,125$748$487$312$40
35 years$1,586$1,067$699$448$282$33
36 years$1,525$1,013$654$413$256$28
37 years$1,467$962$612$380$232$24
38 years$1,413$914$573$350$210$20
39 years$1,361$869$537$323$191$17
40 years$1,312$827$503$298$173$14
41 years$1,266$787$472$275$157$12
42 years$1,222$750$443$254$142$10
43 years$1,180$714$415$234$129$8
44 years$1,141$681$390$216$117$7
45 years$1,103$649$366$200$106$6
46 years$1,067$619$344$185$97$5
47 years$1,032$591$323$170$88$4
48 years$999$564$304$158$80$4
49 years$967$539$285$146$72$3
50 years$937$515$268$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $960,000, adding $4,427 every year, while hoping to spend $25,944 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: 70/17/13 Blend
43$960,000$960,000$960,000$960,000
44$1,062,486$1,011,606$996,726$1,133,533
45$1,143,256$1,033,571$1,002,513$1,203,238
46$1,231,394$1,055,742$1,007,623$1,275,941
47$1,327,626$1,078,103$1,012,008$1,354,827
48$1,432,748$1,100,634$1,015,614$1,440,498
49$1,547,638$1,123,315$1,018,387$1,533,622
50$1,673,262$1,146,123$1,020,268$1,634,931
51$1,810,685$1,169,033$1,021,197$1,745,235
52$1,961,078$1,192,018$1,021,110$1,865,423
53$2,125,730$1,215,049$1,019,940$1,996,477
54$2,306,062$1,238,095$1,017,616$2,139,476
55$2,503,639$1,261,120$1,014,064$2,295,612
56$2,720,183$1,284,088$1,009,208$2,466,198
57$2,957,591$1,306,957$1,002,966$2,652,677
58$3,217,954$1,329,686$995,254$2,856,644
59$3,503,572$1,352,228$985,982$3,079,853
60$3,816,981$1,374,531$975,056$3,324,239
61$4,160,972$1,396,543$962,381$3,591,933
62$4,538,623$1,418,206$947,852$3,885,284
63$4,953,321$1,439,456$931,363$4,206,880
64$5,408,799$1,460,228$912,803$4,559,574
65$5,909,168$1,480,451$892,053$4,946,508
66$6,458,957$1,500,047$868,991$5,371,148
67$7,063,158$1,518,936$843,489$5,837,311
68$7,727,266$1,537,030$815,412$6,349,203
69$8,457,339$1,554,237$784,621$6,911,462
70$9,260,049$1,570,456$750,967$7,529,197
71$10,142,747$1,585,582$714,298$8,208,040
72$11,113,534$1,599,501$674,452$8,954,197
73$12,181,331$1,612,093$631,264$9,774,508
74$13,355,971$1,623,231$584,556$10,676,511
75$14,648,288$1,632,777$534,146$11,668,513
76$16,070,216$1,640,585$479,842$12,759,670
77$17,634,906$1,646,502$421,445$13,960,073
78$19,356,849$1,650,363$358,746$15,280,841
79$21,252,011$1,651,994$291,527$16,734,232
80$23,337,983$1,651,208$219,560$18,333,751
81$25,634,149$1,647,810$142,607$20,094,285
82$28,161,869$1,641,589$60,421$22,032,240
83$30,944,676$1,632,324$0$24,165,696
84$34,008,505$1,619,779$0$26,518,365
85$37,381,929$1,603,705$0$29,117,611
86$41,096,436$1,583,837$0$31,979,288
87$45,186,722$1,559,895$0$35,130,109
88$49,691,018$1,531,580$0$38,599,512
89$54,651,453$1,498,578$0$42,419,941
90$60,114,448$1,460,556$0$46,627,144
91$66,131,159$1,417,159$0$51,260,519
92$72,757,952$1,368,015$0$56,363,481
93$80,056,943$1,312,728$0$61,983,875
94$88,096,577$1,250,878$0$68,174,426
95$96,952,280$1,182,023$0$74,993,237
96$106,707,165$1,105,695$0$82,504,337
97$117,452,820$1,021,398$0$90,778,290
98$129,290,169$928,608$0$99,892,855
99$142,330,429$826,772$0$109,933,724
100$156,696,154$715,305$0$120,995,333