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%17.2%
1 years$79,276$78,570$77,881$77,208$76,552$74,310
2 years$39,245$38,515$37,806$37,119$36,453$34,213
3 years$25,904$25,170$24,463$23,783$23,127$20,958
4 years$19,234$18,502$17,803$17,134$16,495$14,414
5 years$15,234$14,506$13,816$13,161$12,539$10,552
6 years$12,567$11,845$11,165$10,525$9,922$8,031
7 years$10,664$9,948$9,278$8,653$8,069$6,274
8 years$9,236$8,527$7,869$7,259$6,694$4,993
9 years$8,127$7,424$6,777$6,183$5,637$4,029
10 years$7,240$6,544$5,909$5,330$4,803$3,286
11 years$6,515$5,826$5,202$4,638$4,131$2,702
12 years$5,911$5,229$4,617$4,068$3,580$2,236
13 years$5,400$4,725$4,125$3,592$3,122$1,860
14 years$4,963$4,295$3,706$3,188$2,736$1,554
15 years$4,584$3,924$3,346$2,844$2,409$1,303
16 years$4,253$3,600$3,034$2,546$2,129$1,095
17 years$3,961$3,316$2,760$2,288$1,888$923
18 years$3,702$3,064$2,520$2,062$1,679$779
19 years$3,471$2,839$2,307$1,863$1,496$659
20 years$3,263$2,639$2,117$1,687$1,337$558
21 years$3,075$2,458$1,947$1,531$1,196$473
22 years$2,904$2,294$1,795$1,392$1,072$401
23 years$2,748$2,146$1,657$1,268$962$341
24 years$2,606$2,010$1,533$1,156$865$290
25 years$2,475$1,887$1,420$1,056$778$246
26 years$2,354$1,773$1,317$966$701$210
27 years$2,243$1,669$1,223$884$632$178
28 years$2,140$1,572$1,136$810$570$152
29 years$2,044$1,483$1,058$743$515$129
30 years$1,954$1,401$985$682$465$110
31 years$1,871$1,324$918$626$421$94
32 years$1,792$1,253$857$575$381$80
33 years$1,719$1,187$800$529$344$68
34 years$1,650$1,125$748$487$312$58
35 years$1,586$1,067$699$448$282$50
36 years$1,525$1,013$654$413$256$42
37 years$1,467$962$612$380$232$36
38 years$1,413$914$573$350$210$31
39 years$1,361$869$537$323$191$26
40 years$1,312$827$503$298$173$22
41 years$1,266$787$472$275$157$19
42 years$1,222$750$443$254$142$16
43 years$1,180$714$415$234$129$14
44 years$1,141$681$390$216$117$12
45 years$1,103$649$366$200$106$10
46 years$1,067$619$344$185$97$9
47 years$1,032$591$323$170$88$7
48 years$999$564$304$158$80$6
49 years$967$539$285$146$72$5
50 years$937$515$268$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $960,000, adding $2,374 every year, while hoping to spend $34,733 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: 75/10/15 Blend
43$960,000$960,000$960,000$960,000
44$1,060,369$1,009,489$994,609$1,136,268
45$1,131,571$1,021,998$990,973$1,199,270
46$1,208,871$1,033,956$986,050$1,263,751
47$1,292,856$1,045,300$979,763$1,333,483
48$1,384,168$1,055,960$972,025$1,408,978
49$1,483,516$1,065,865$962,752$1,490,802
50$1,591,680$1,074,938$951,849$1,579,575
51$1,709,518$1,083,096$939,222$1,675,983
52$1,837,972$1,090,252$924,770$1,780,782
53$1,978,083$1,096,312$908,387$1,894,805
54$2,130,993$1,101,177$889,964$2,018,968
55$2,297,961$1,104,741$869,384$2,154,284
56$2,480,372$1,106,893$846,528$2,301,866
57$2,679,752$1,107,512$821,269$2,462,944
58$2,897,780$1,106,473$793,474$2,638,872
59$3,136,304$1,103,641$763,006$2,831,143
60$3,397,361$1,098,873$729,720$3,041,401
61$3,683,191$1,092,018$693,466$3,271,461
62$3,996,265$1,082,915$654,085$3,523,322
63$4,339,300$1,071,393$611,413$3,799,186
64$4,715,290$1,057,273$565,276$4,101,484
65$5,127,532$1,040,362$515,496$4,432,893
66$5,579,658$1,020,458$461,883$4,796,363
67$6,075,669$997,346$404,242$5,195,148
68$6,619,969$970,798$342,366$5,632,835
69$7,217,413$940,574$276,042$6,113,375
70$7,873,345$906,418$205,046$6,641,126
71$8,593,655$868,061$129,143$7,220,890
72$9,384,829$825,218$48,091$7,857,961
73$10,254,013$777,585$0$8,558,174
74$11,209,080$724,844$0$9,334,109
75$12,258,703$666,658$0$10,195,322
76$13,412,435$602,668$0$11,141,967
77$14,680,803$532,499$0$12,182,703
78$16,075,404$455,751$0$13,327,075
79$17,609,015$372,002$0$14,585,597
80$19,295,713$280,808$0$15,969,857
81$21,151,007$181,699$0$17,492,625
82$23,191,986$74,179$0$19,167,971
83$25,437,477$0$0$21,011,401
84$27,908,225$0$0$23,044,656
85$30,627,088$0$0$25,291,119
86$33,619,250$0$0$27,763,442
87$36,912,460$0$0$30,484,561
88$40,537,296$0$0$33,479,744
89$44,527,447$0$0$36,776,838
90$48,920,037$0$0$40,406,523
91$53,755,972$0$0$44,402,607
92$59,080,323$0$0$48,802,343
93$64,942,758$0$0$53,646,777
94$71,398,002$0$0$58,981,141
95$78,506,360$0$0$64,855,276
96$86,334,283$0$0$71,324,102
97$94,954,992$0$0$78,448,136
98$104,449,174$0$0$86,294,064
99$114,905,738$0$0$94,935,370
100$126,422,659$0$0$104,453,027