Can I retire at age 44 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$80,927$80,207$79,503$78,817$78,147$77,459
2 years$40,063$39,317$38,594$37,893$37,213$36,520
3 years$26,443$25,694$24,973$24,278$23,609$22,933
4 years$19,635$18,888$18,174$17,491$16,838$16,183
5 years$15,551$14,808$14,104$13,435$12,800$12,169
6 years$12,829$12,092$11,398$10,744$10,128$9,521
7 years$10,886$10,155$9,472$8,833$8,237$7,654
8 years$9,429$8,705$8,033$7,410$6,833$6,275
9 years$8,296$7,579$6,919$6,312$5,755$5,220
10 years$7,391$6,680$6,032$5,441$4,903$4,393
11 years$6,650$5,947$5,310$4,735$4,217$3,730
12 years$6,034$5,338$4,713$4,153$3,654$3,190
13 years$5,513$4,824$4,211$3,667$3,187$2,745
14 years$5,066$4,385$3,783$3,255$2,793$2,374
15 years$4,680$4,006$3,416$2,903$2,460$2,061
16 years$4,342$3,675$3,097$2,599$2,174$1,796
17 years$4,044$3,385$2,818$2,335$1,927$1,570
18 years$3,779$3,128$2,572$2,105$1,714$1,375
19 years$3,543$2,899$2,355$1,902$1,528$1,208
20 years$3,331$2,693$2,161$1,722$1,364$1,063
21 years$3,139$2,509$1,988$1,563$1,221$936
22 years$2,964$2,342$1,832$1,421$1,094$826
23 years$2,806$2,190$1,692$1,294$982$730
24 years$2,660$2,052$1,565$1,181$883$646
25 years$2,527$1,926$1,449$1,078$795$572
26 years$2,403$1,810$1,344$986$716$507
27 years$2,290$1,703$1,248$902$645$450
28 years$2,184$1,605$1,160$827$582$399
29 years$2,086$1,514$1,080$758$526$354
30 years$1,995$1,430$1,006$696$475$315
31 years$1,910$1,352$938$639$430$280
32 years$1,830$1,279$875$587$389$249
33 years$1,755$1,211$817$540$352$221
34 years$1,685$1,148$763$497$318$197
35 years$1,619$1,089$713$457$288$175
36 years$1,556$1,034$667$421$261$156
37 years$1,498$982$625$388$237$139
38 years$1,442$933$585$358$215$124
39 years$1,390$887$548$330$195$110
40 years$1,340$844$514$304$177$98
41 years$1,293$803$482$281$160$88
42 years$1,248$765$452$259$145$78
43 years$1,205$729$424$239$132$70
44 years$1,164$695$398$221$120$62
45 years$1,126$663$374$204$109$55
46 years$1,089$632$351$188$99$49
47 years$1,054$603$330$174$90$44
48 years$1,020$576$310$161$81$39
49 years$988$550$291$149$74$35
50 years$957$525$274$137$67$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $980,000, adding $6,515 every year, while hoping to spend $36,272 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: 44/37/19 Blend
43$980,000$980,000$980,000$980,000
44$1,086,680$1,034,740$1,019,550$1,128,261
45$1,158,928$1,046,849$1,015,112$1,170,265
46$1,237,330$1,058,336$1,009,309$1,211,684
47$1,322,475$1,069,132$1,002,059$1,255,822
48$1,415,011$1,079,163$993,271$1,302,949
49$1,515,652$1,088,352$982,855$1,353,361
50$1,625,182$1,096,614$970,714$1,407,388
51$1,744,464$1,103,862$956,747$1,465,394
52$1,874,449$1,110,000$940,847$1,527,783
53$2,016,182$1,114,929$922,904$1,595,001
54$2,170,813$1,118,542$902,803$1,667,542
55$2,339,610$1,120,724$880,420$1,745,951
56$2,523,966$1,121,355$855,630$1,830,834
57$2,725,416$1,120,308$828,300$1,922,859
58$2,945,651$1,117,445$798,290$2,022,765
59$3,186,531$1,112,623$765,456$2,131,369
60$3,450,103$1,105,688$729,645$2,249,577
61$3,738,624$1,096,477$690,699$2,378,386
62$4,054,577$1,084,818$648,451$2,518,903
63$4,400,698$1,070,528$602,728$2,672,348
64$4,779,999$1,053,414$553,349$2,840,072
65$5,195,797$1,033,269$500,124$3,023,566
66$5,651,745$1,009,876$442,856$3,224,478
67$6,151,869$983,006$381,337$3,444,631
68$6,700,600$952,414$315,352$3,686,036
69$7,302,821$917,842$244,676$3,950,916
70$7,963,910$879,017$169,074$4,241,727
71$8,689,789$835,650$88,299$4,561,181
72$9,486,986$787,435$2,095$4,912,274
73$10,362,688$734,049$0$5,298,312
74$11,324,815$675,149$0$5,741,175
75$12,382,090$610,376$0$6,228,306
76$13,544,125$539,346$0$6,763,793
77$14,821,508$461,656$0$7,352,613
78$16,225,904$376,879$0$8,000,256
79$17,770,165$284,566$0$8,712,778
80$19,468,452$184,239$0$9,496,861
81$21,336,364$75,397$0$10,359,872
82$23,391,091$0$0$11,309,940
83$25,651,570$0$0$12,373,331
84$28,138,667$0$0$13,577,239
85$30,875,373$0$0$14,902,114
86$33,887,020$0$0$16,360,236
87$37,201,519$0$0$17,965,137
88$40,849,625$0$0$19,731,727
89$44,865,224$0$0$21,676,435
90$49,285,656$0$0$23,817,363
91$54,152,064$0$0$26,174,458
92$59,509,782$0$0$28,769,700
93$65,408,766$0$0$31,627,309
94$71,904,058$0$0$34,773,972
95$79,056,314$0$0$38,239,095
96$86,932,368$0$0$42,055,084
97$95,605,868$0$0$46,257,645
98$105,157,965$0$0$50,886,125
99$115,678,087$0$0$55,983,881
100$127,264,772$0$0$61,598,690