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%11.6%
1 years$80,102$79,388$78,692$78,013$77,349$76,829
2 years$39,654$38,916$38,200$37,506$36,833$36,309
3 years$26,174$25,432$24,718$24,030$23,368$22,856
4 years$19,435$18,695$17,988$17,313$16,666$16,170
5 years$15,392$14,657$13,960$13,298$12,670$12,190
6 years$12,698$11,969$11,282$10,634$10,025$9,563
7 years$10,775$10,051$9,375$8,743$8,153$7,710
8 years$9,333$8,616$7,951$7,334$6,764$6,338
9 years$8,212$7,502$6,848$6,247$5,696$5,289
10 years$7,315$6,612$5,970$5,385$4,853$4,463
11 years$6,583$5,887$5,256$4,687$4,174$3,802
12 years$5,972$5,283$4,665$4,111$3,617$3,262
13 years$5,456$4,775$4,168$3,629$3,154$2,816
14 years$5,015$4,340$3,745$3,222$2,765$2,443
15 years$4,632$3,965$3,381$2,873$2,434$2,128
16 years$4,297$3,638$3,065$2,573$2,152$1,861
17 years$4,003$3,350$2,789$2,311$1,908$1,632
18 years$3,741$3,096$2,546$2,083$1,696$1,435
19 years$3,507$2,869$2,331$1,882$1,512$1,265
20 years$3,297$2,666$2,139$1,705$1,350$1,117
21 years$3,107$2,483$1,968$1,547$1,209$988
22 years$2,934$2,318$1,814$1,407$1,083$875
23 years$2,777$2,168$1,674$1,281$972$776
24 years$2,633$2,031$1,549$1,168$874$689
25 years$2,501$1,906$1,434$1,067$786$613
26 years$2,379$1,792$1,330$976$708$545
27 years$2,266$1,686$1,235$893$639$485
28 years$2,162$1,589$1,148$818$576$432
29 years$2,065$1,499$1,069$750$520$386
30 years$1,975$1,415$995$689$470$344
31 years$1,890$1,338$928$632$425$307
32 years$1,811$1,266$866$581$385$274
33 years$1,737$1,199$808$535$348$245
34 years$1,668$1,136$755$492$315$219
35 years$1,602$1,078$706$453$285$196
36 years$1,541$1,023$661$417$259$175
37 years$1,482$972$618$384$234$156
38 years$1,427$923$579$354$212$140
39 years$1,375$878$542$326$193$125
40 years$1,326$835$508$301$175$112
41 years$1,279$795$477$278$159$100
42 years$1,235$757$447$256$144$90
43 years$1,193$722$420$237$131$80
44 years$1,152$688$394$219$119$72
45 years$1,114$656$370$202$108$64
46 years$1,078$626$347$186$98$58
47 years$1,043$597$326$172$89$52
48 years$1,009$570$307$159$81$46
49 years$978$544$288$147$73$41
50 years$947$520$271$136$66$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $970,000, adding $2,443 every year, while hoping to spend $50,839 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: 62/31/7 Blend
43$970,000$970,000$970,000$970,000
44$1,071,460$1,020,050$1,005,015$1,136,279
45$1,126,657$1,015,940$984,591$1,175,750
46$1,185,779$1,009,925$961,778$1,212,676
47$1,249,175$1,001,857$936,444$1,251,676
48$1,317,224$991,582$908,448$1,292,950
49$1,390,344$978,932$877,644$1,336,717
50$1,468,994$963,734$843,880$1,383,225
51$1,553,675$945,802$806,994$1,432,743
52$1,644,943$924,938$766,821$1,485,576
53$1,743,402$900,935$723,184$1,542,055
54$1,849,720$873,573$675,902$1,602,554
55$1,964,630$842,617$624,784$1,667,483
56$2,088,938$807,820$569,629$1,737,297
57$2,223,528$768,922$510,231$1,812,501
58$2,369,375$725,646$446,370$1,893,656
59$2,527,547$677,699$377,820$1,981,381
60$2,699,223$624,772$304,343$2,076,362
61$2,885,697$566,539$225,691$2,179,361
62$3,088,393$502,654$141,606$2,291,218
63$3,308,876$432,751$51,817$2,412,867
64$3,548,871$356,445$0$2,545,339
65$3,810,274$273,329$0$2,693,063
66$4,095,171$182,972$0$2,858,360
67$4,405,860$84,919$0$3,038,777
68$4,744,869$0$0$3,235,885
69$5,114,979$0$0$3,458,689
70$5,519,253$0$0$3,733,770
71$5,961,063$0$0$4,034,460
72$6,444,122$0$0$4,363,296
73$6,972,516$0$0$4,723,070
74$7,550,746$0$0$5,116,853
75$8,183,767$0$0$5,548,032
76$8,877,035$0$0$6,020,332
77$9,636,561$0$0$6,537,858
78$10,468,961$0$0$7,105,131
79$11,381,524$0$0$7,727,129
80$12,382,278$0$0$8,409,335
81$13,480,064$0$0$9,157,788
82$14,684,620$0$0$9,979,140
83$16,006,672$0$0$10,880,719
84$17,458,037$0$0$11,870,596
85$19,051,729$0$0$12,957,661
86$20,802,087$0$0$14,151,709
87$22,724,905$0$0$15,463,530
88$24,837,581$0$0$16,905,010
89$27,159,285$0$0$18,489,242
90$29,711,133$0$0$20,230,654
91$32,516,390$0$0$22,145,139
92$35,600,686$0$0$24,250,206
93$38,992,262$0$0$26,565,147
94$42,722,227$0$0$29,111,217
95$46,824,861$0$0$31,911,834
96$51,337,930$0$0$34,992,798
97$56,303,045$0$0$38,382,538
98$61,766,054$0$0$42,112,377
99$67,777,474$0$0$46,216,827
100$74,392,963$0$0$50,733,913