Can I retire at age 44 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$79,276$78,570$77,881$77,208$76,552$74,220
2 years$39,245$38,515$37,806$37,119$36,453$34,124
3 years$25,904$25,170$24,463$23,783$23,127$20,874
4 years$19,234$18,502$17,803$17,134$16,495$14,334
5 years$15,234$14,506$13,816$13,161$12,539$10,477
6 years$12,567$11,845$11,165$10,525$9,922$7,960
7 years$10,664$9,948$9,278$8,653$8,069$6,208
8 years$9,236$8,527$7,869$7,259$6,694$4,932
9 years$8,127$7,424$6,777$6,183$5,637$3,973
10 years$7,240$6,544$5,909$5,330$4,803$3,234
11 years$6,515$5,826$5,202$4,638$4,131$2,654
12 years$5,911$5,229$4,617$4,068$3,580$2,192
13 years$5,400$4,725$4,125$3,592$3,122$1,820
14 years$4,963$4,295$3,706$3,188$2,736$1,517
15 years$4,584$3,924$3,346$2,844$2,409$1,269
16 years$4,253$3,600$3,034$2,546$2,129$1,065
17 years$3,961$3,316$2,760$2,288$1,888$895
18 years$3,702$3,064$2,520$2,062$1,679$754
19 years$3,471$2,839$2,307$1,863$1,496$636
20 years$3,263$2,639$2,117$1,687$1,337$538
21 years$3,075$2,458$1,947$1,531$1,196$455
22 years$2,904$2,294$1,795$1,392$1,072$385
23 years$2,748$2,146$1,657$1,268$962$326
24 years$2,606$2,010$1,533$1,156$865$277
25 years$2,475$1,887$1,420$1,056$778$235
26 years$2,354$1,773$1,317$966$701$199
27 years$2,243$1,669$1,223$884$632$169
28 years$2,140$1,572$1,136$810$570$144
29 years$2,044$1,483$1,058$743$515$122
30 years$1,954$1,401$985$682$465$104
31 years$1,871$1,324$918$626$421$88
32 years$1,792$1,253$857$575$381$75
33 years$1,719$1,187$800$529$344$64
34 years$1,650$1,125$748$487$312$54
35 years$1,586$1,067$699$448$282$46
36 years$1,525$1,013$654$413$256$39
37 years$1,467$962$612$380$232$33
38 years$1,413$914$573$350$210$28
39 years$1,361$869$537$323$191$24
40 years$1,312$827$503$298$173$21
41 years$1,266$787$472$275$157$17
42 years$1,222$750$443$254$142$15
43 years$1,180$714$415$234$129$13
44 years$1,141$681$390$216$117$11
45 years$1,103$649$366$200$106$9
46 years$1,067$619$344$185$97$8
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$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $960,000, adding $5,355 every year, while hoping to spend $36,876 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: 41/34/25 Blend
43$960,000$960,000$960,000$960,000
44$1,063,444$1,012,564$997,684$1,099,033
45$1,132,679$1,022,944$991,870$1,135,508
46$1,207,741$1,032,596$984,626$1,171,076
47$1,289,184$1,041,447$975,865$1,208,851
48$1,377,619$1,049,416$965,495$1,249,059
49$1,473,718$1,056,419$953,421$1,291,947
50$1,578,220$1,062,367$939,543$1,337,793
51$1,691,938$1,067,162$923,757$1,386,901
52$1,815,767$1,070,704$905,954$1,439,612
53$1,950,690$1,072,884$886,019$1,496,302
54$2,097,792$1,073,586$863,832$1,557,390
55$2,258,264$1,072,690$839,267$1,623,337
56$2,433,419$1,070,064$812,195$1,694,657
57$2,624,701$1,065,570$782,477$1,771,917
58$2,833,701$1,059,064$749,971$1,855,748
59$3,062,170$1,050,389$714,526$1,946,846
60$3,312,034$1,039,381$675,985$2,045,983
61$3,585,416$1,025,865$634,186$2,154,014
62$3,884,654$1,009,658$588,956$2,271,884
63$4,212,319$990,562$540,117$2,400,641
64$4,571,247$968,370$487,481$2,541,441
65$4,964,557$942,863$430,855$2,695,567
66$5,395,687$913,808$370,034$2,864,437
67$5,868,421$880,959$304,804$3,049,616
68$6,386,929$844,056$234,944$3,252,840
69$6,955,803$802,821$160,222$3,476,024
70$7,580,100$756,965$80,394$3,721,287
71$8,265,392$706,177$0$3,990,972
72$9,017,815$650,133$0$4,288,945
73$9,844,130$588,488$0$4,639,758
74$10,751,784$520,877$0$5,025,175
75$11,748,981$446,914$0$5,448,768
76$12,844,758$366,194$0$5,914,472
77$14,049,071$278,286$0$6,426,632
78$15,372,891$182,736$0$6,990,043
79$16,828,300$79,064$0$7,609,992
80$18,428,614$0$0$8,292,313
81$20,188,500$0$0$9,055,878
82$22,124,120$0$0$9,928,361
83$24,253,279$0$0$10,888,223
84$26,595,596$0$0$11,944,327
85$29,172,687$0$0$13,106,437
86$32,008,368$0$0$14,385,312
87$35,128,880$0$0$15,792,806
88$38,563,138$0$0$17,341,980
89$42,343,001$0$0$19,047,226
90$46,503,571$0$0$20,924,403
91$51,083,530$0$0$22,990,985
92$56,125,497$0$0$25,266,225
93$61,676,435$0$0$27,771,339
94$67,788,093$0$0$30,529,706
95$74,517,490$0$0$33,567,086
96$81,927,459$0$0$36,911,863
97$90,087,234$0$0$40,595,318
98$99,073,106$0$0$44,651,916
99$108,969,141$0$0$49,119,637
100$119,867,975$0$0$54,040,332