Can I retire at age 44 with 980,000?

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 $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%13.2%
1 years$80,927$80,207$79,503$78,817$78,147$77,106
2 years$40,063$39,317$38,594$37,893$37,213$36,166
3 years$26,443$25,694$24,973$24,278$23,609$22,589
4 years$19,635$18,888$18,174$17,491$16,838$15,852
5 years$15,551$14,808$14,104$13,435$12,800$11,851
6 years$12,829$12,092$11,398$10,744$10,128$9,218
7 years$10,886$10,155$9,472$8,833$8,237$7,365
8 years$9,429$8,705$8,033$7,410$6,833$6,000
9 years$8,296$7,579$6,919$6,312$5,755$4,959
10 years$7,391$6,680$6,032$5,441$4,903$4,146
11 years$6,650$5,947$5,310$4,735$4,217$3,496
12 years$6,034$5,338$4,713$4,153$3,654$2,970
13 years$5,513$4,824$4,211$3,667$3,187$2,537
14 years$5,066$4,385$3,783$3,255$2,793$2,178
15 years$4,680$4,006$3,416$2,903$2,460$1,877
16 years$4,342$3,675$3,097$2,599$2,174$1,623
17 years$4,044$3,385$2,818$2,335$1,927$1,408
18 years$3,779$3,128$2,572$2,105$1,714$1,224
19 years$3,543$2,899$2,355$1,902$1,528$1,066
20 years$3,331$2,693$2,161$1,722$1,364$931
21 years$3,139$2,509$1,988$1,563$1,221$813
22 years$2,964$2,342$1,832$1,421$1,094$712
23 years$2,806$2,190$1,692$1,294$982$624
24 years$2,660$2,052$1,565$1,181$883$547
25 years$2,527$1,926$1,449$1,078$795$480
26 years$2,403$1,810$1,344$986$716$422
27 years$2,290$1,703$1,248$902$645$371
28 years$2,184$1,605$1,160$827$582$326
29 years$2,086$1,514$1,080$758$526$287
30 years$1,995$1,430$1,006$696$475$253
31 years$1,910$1,352$938$639$430$223
32 years$1,830$1,279$875$587$389$196
33 years$1,755$1,211$817$540$352$173
34 years$1,685$1,148$763$497$318$153
35 years$1,619$1,089$713$457$288$135
36 years$1,556$1,034$667$421$261$119
37 years$1,498$982$625$388$237$105
38 years$1,442$933$585$358$215$92
39 years$1,390$887$548$330$195$81
40 years$1,340$844$514$304$177$72
41 years$1,293$803$482$281$160$63
42 years$1,248$765$452$259$145$56
43 years$1,205$729$424$239$132$49
44 years$1,164$695$398$221$120$44
45 years$1,126$663$374$204$109$39
46 years$1,089$632$351$188$99$34
47 years$1,054$603$330$174$90$30
48 years$1,020$576$310$161$81$27
49 years$988$550$291$149$74$23
50 years$957$525$274$137$67$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $980,000, adding $6,915 every year, while hoping to spend $38,729 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: 68/27/5 Blend
43$980,000$980,000$980,000$980,000
44$1,087,093$1,035,153$1,019,963$1,159,916
45$1,156,769$1,044,668$1,012,924$1,218,533
46$1,232,254$1,053,351$1,004,352$1,277,224
47$1,314,100$1,061,121$994,153$1,340,342
48$1,402,912$1,067,891$982,232$1,408,313
49$1,499,359$1,073,567$968,487$1,481,604
50$1,604,175$1,078,053$952,812$1,560,732
51$1,718,165$1,081,242$935,096$1,646,268
52$1,842,219$1,083,024$915,222$1,738,839
53$1,977,314$1,083,281$893,071$1,839,137
54$2,124,525$1,081,887$868,514$1,947,928
55$2,285,036$1,078,708$841,418$2,066,052
56$2,460,148$1,073,604$811,644$2,194,439
57$2,651,296$1,066,423$779,048$2,334,114
58$2,860,058$1,057,008$743,476$2,486,206
59$3,088,172$1,045,189$704,769$2,651,960
60$3,337,549$1,030,786$662,763$2,832,753
61$3,610,295$1,013,611$617,282$3,030,097
62$3,908,730$993,463$568,145$3,245,666
63$4,235,406$970,128$515,163$3,481,302
64$4,593,134$943,381$458,138$3,739,038
65$4,985,011$912,984$396,863$4,021,116
66$5,414,445$878,683$331,121$4,330,009
67$5,885,192$840,212$260,687$4,668,442
68$6,401,387$797,288$185,326$5,039,422
69$6,967,585$749,612$104,791$5,446,267
70$7,588,803$696,867$18,826$5,892,632
71$8,270,567$638,719$0$6,382,550
72$9,018,963$574,815$0$6,924,358
73$9,840,697$504,781$0$7,520,394
74$10,743,154$428,221$0$8,175,076
75$11,734,472$344,720$0$8,894,384
76$12,823,612$253,835$0$9,684,908
77$14,020,450$155,102$0$10,553,917
78$15,335,863$48,030$0$11,509,423
79$16,781,836$0$0$12,560,260
80$18,371,573$0$0$13,736,341
81$20,119,620$0$0$15,045,294
82$22,042,002$0$0$16,484,857
83$24,156,379$0$0$18,068,261
84$26,482,204$0$0$19,810,084
85$29,040,912$0$0$21,726,387
86$31,856,120$0$0$23,834,867
87$34,953,850$0$0$26,155,021
88$38,362,773$0$0$28,708,335
89$42,114,481$0$0$31,518,481
90$46,243,782$0$0$34,611,540
91$50,789,032$0$0$38,016,255
92$55,792,490$0$0$41,764,292
93$61,300,725$0$0$45,890,545
94$67,365,049$0$0$50,433,465
95$74,042,000$0$0$55,435,418
96$81,393,880$0$0$60,943,089
97$89,489,340$0$0$67,007,920
98$98,404,025$0$0$73,686,596
99$108,221,291$0$0$81,041,579
100$119,032,989$0$0$89,141,697