Can I retire at age 44 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$80,102$79,388$78,692$78,013$77,349$76,068
2 years$39,654$38,916$38,200$37,506$36,833$35,546
3 years$26,174$25,432$24,718$24,030$23,368$22,115
4 years$19,435$18,695$17,988$17,313$16,666$15,457
5 years$15,392$14,657$13,960$13,298$12,670$11,508
6 years$12,698$11,969$11,282$10,634$10,025$8,912
7 years$10,775$10,051$9,375$8,743$8,153$7,089
8 years$9,333$8,616$7,951$7,334$6,764$5,748
9 years$8,212$7,502$6,848$6,247$5,696$4,729
10 years$7,315$6,612$5,970$5,385$4,853$3,934
11 years$6,583$5,887$5,256$4,687$4,174$3,301
12 years$5,972$5,283$4,665$4,111$3,617$2,789
13 years$5,456$4,775$4,168$3,629$3,154$2,371
14 years$5,015$4,340$3,745$3,222$2,765$2,024
15 years$4,632$3,965$3,381$2,873$2,434$1,735
16 years$4,297$3,638$3,065$2,573$2,152$1,492
17 years$4,003$3,350$2,789$2,311$1,908$1,287
18 years$3,741$3,096$2,546$2,083$1,696$1,112
19 years$3,507$2,869$2,331$1,882$1,512$963
20 years$3,297$2,666$2,139$1,705$1,350$836
21 years$3,107$2,483$1,968$1,547$1,209$726
22 years$2,934$2,318$1,814$1,407$1,083$632
23 years$2,777$2,168$1,674$1,281$972$550
24 years$2,633$2,031$1,549$1,168$874$479
25 years$2,501$1,906$1,434$1,067$786$418
26 years$2,379$1,792$1,330$976$708$365
27 years$2,266$1,686$1,235$893$639$319
28 years$2,162$1,589$1,148$818$576$279
29 years$2,065$1,499$1,069$750$520$244
30 years$1,975$1,415$995$689$470$213
31 years$1,890$1,338$928$632$425$187
32 years$1,811$1,266$866$581$385$163
33 years$1,737$1,199$808$535$348$143
34 years$1,668$1,136$755$492$315$125
35 years$1,602$1,078$706$453$285$110
36 years$1,541$1,023$661$417$259$96
37 years$1,482$972$618$384$234$84
38 years$1,427$923$579$354$212$74
39 years$1,375$878$542$326$193$65
40 years$1,326$835$508$301$175$57
41 years$1,279$795$477$278$159$50
42 years$1,235$757$447$256$144$44
43 years$1,193$722$420$237$131$38
44 years$1,152$688$394$219$119$33
45 years$1,114$656$370$202$108$29
46 years$1,078$626$347$186$98$26
47 years$1,043$597$326$172$89$23
48 years$1,009$570$307$159$81$20
49 years$978$544$288$147$73$17
50 years$947$520$271$136$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $970,000, adding $3,485 every year, while hoping to spend $47,495 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: 39/38/23 Blend
43$970,000$970,000$970,000$970,000
44$1,072,535$1,021,125$1,006,090$1,106,910
45$1,131,399$1,020,626$989,259$1,131,587
46$1,194,676$1,018,510$970,274$1,153,531
47$1,262,764$1,014,649$949,010$1,176,309
48$1,336,105$1,008,905$925,340$1,200,025
49$1,415,178$1,001,132$899,130$1,224,796
50$1,500,516$991,177$870,239$1,250,756
51$1,592,698$978,875$838,523$1,278,054
52$1,692,366$964,053$803,826$1,306,860
53$1,800,223$946,526$765,989$1,337,365
54$1,917,040$926,101$724,845$1,369,783
55$2,043,669$902,570$680,218$1,404,357
56$2,181,043$875,716$631,925$1,441,357
57$2,330,191$845,307$579,775$1,481,088
58$2,492,241$811,099$523,569$1,523,890
59$2,668,439$772,832$463,098$1,570,145
60$2,860,152$730,232$398,143$1,620,281
61$3,068,884$683,010$328,478$1,674,774
62$3,296,293$630,860$253,864$1,734,159
63$3,544,200$573,458$174,054$1,799,029
64$3,814,612$510,461$88,788$1,870,051
65$4,109,736$441,507$0$1,947,964
66$4,432,003$366,215$0$2,034,134
67$4,784,088$284,180$0$2,152,229
68$5,168,937$194,977$0$2,281,530
69$5,589,791$98,153$0$2,423,252
70$6,050,222$0$0$2,578,738
71$6,554,160$0$0$2,752,307
72$7,105,935$0$0$2,987,416
73$7,710,313$0$0$3,245,068
74$8,372,544$0$0$3,527,519
75$9,098,410$0$0$3,837,250
76$9,894,278$0$0$4,176,997
77$10,767,161$0$0$4,549,771
78$11,724,784$0$0$4,958,889
79$12,775,654$0$0$5,408,006
80$13,929,144$0$0$5,901,147
81$15,195,577$0$0$6,442,747
82$16,586,324$0$0$7,037,690
83$18,113,912$0$0$7,691,358
84$19,792,142$0$0$8,409,677
85$21,636,215$0$0$9,199,181
86$23,662,880$0$0$10,067,062
87$25,890,587$0$0$11,021,249
88$28,339,665$0$0$12,070,474
89$31,032,508$0$0$13,224,360
90$33,993,790$0$0$14,493,507
91$37,250,696$0$0$15,889,595
92$40,833,176$0$0$17,425,493
93$44,774,232$0$0$19,115,381
94$49,110,221$0$0$20,974,880
95$53,881,205$0$0$23,021,205
96$59,131,325$0$0$25,273,322
97$64,909,215$0$0$27,752,129
98$71,268,465$0$0$30,480,654
99$78,268,121$0$0$33,484,269
100$85,973,245$0$0$36,790,933