Can I retire at age 44 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$81,753$81,025$80,315$79,621$78,944$78,578
2 years$40,472$39,718$38,988$38,279$37,592$37,223
3 years$26,713$25,956$25,228$24,526$23,850$23,489
4 years$19,835$19,081$18,359$17,670$17,010$16,660
5 years$15,710$14,959$14,248$13,572$12,931$12,592
6 years$12,960$12,215$11,514$10,854$10,232$9,905
7 years$10,997$10,259$9,568$8,923$8,321$8,007
8 years$9,525$8,793$8,115$7,486$6,903$6,602
9 years$8,381$7,656$6,989$6,376$5,813$5,524
10 years$7,466$6,749$6,093$5,496$4,953$4,677
11 years$6,718$6,008$5,364$4,783$4,260$3,995
12 years$6,095$5,392$4,761$4,196$3,692$3,439
13 years$5,569$4,873$4,253$3,704$3,219$2,978
14 years$5,118$4,430$3,822$3,288$2,822$2,592
15 years$4,727$4,046$3,451$2,932$2,485$2,266
16 years$4,386$3,713$3,128$2,626$2,196$1,988
17 years$4,085$3,419$2,847$2,359$1,947$1,749
18 years$3,818$3,159$2,599$2,126$1,731$1,544
19 years$3,579$2,928$2,379$1,921$1,543$1,365
20 years$3,365$2,721$2,183$1,740$1,378$1,210
21 years$3,171$2,534$2,008$1,579$1,233$1,074
22 years$2,995$2,366$1,851$1,436$1,106$955
23 years$2,834$2,213$1,709$1,308$992$850
24 years$2,687$2,073$1,581$1,193$892$758
25 years$2,552$1,946$1,464$1,089$803$676
26 years$2,428$1,829$1,358$996$723$604
27 years$2,313$1,721$1,261$912$652$540
28 years$2,206$1,622$1,172$835$588$483
29 years$2,107$1,530$1,091$766$531$432
30 years$2,015$1,445$1,016$703$480$387
31 years$1,929$1,366$947$646$434$347
32 years$1,848$1,292$884$593$392$311
33 years$1,773$1,224$825$546$355$279
34 years$1,702$1,160$771$502$322$250
35 years$1,635$1,100$721$462$291$225
36 years$1,572$1,044$674$426$264$202
37 years$1,513$992$631$392$239$181
38 years$1,457$942$591$361$217$163
39 years$1,404$896$554$333$197$146
40 years$1,353$853$519$307$178$131
41 years$1,306$812$487$284$162$118
42 years$1,260$773$456$262$147$106
43 years$1,217$737$428$242$133$95
44 years$1,176$702$402$223$121$86
45 years$1,137$669$378$206$110$77
46 years$1,100$639$355$190$100$69
47 years$1,064$609$333$176$91$62
48 years$1,030$582$313$162$82$56
49 years$998$556$294$150$75$50
50 years$967$531$277$139$68$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $990,000, adding $2,643 every year, while hoping to spend $31,657 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: 62/22/16 Blend
43$990,000$990,000$990,000$990,000
44$1,093,706$1,041,236$1,025,891$1,156,985
45$1,171,581$1,058,574$1,026,576$1,217,197
46$1,256,339$1,075,700$1,026,222$1,279,085
47$1,348,647$1,092,571$1,024,762$1,345,893
48$1,449,242$1,109,140$1,022,125$1,418,101
49$1,558,933$1,125,357$1,018,234$1,496,238
50$1,678,612$1,141,166$1,013,013$1,580,887
51$1,809,258$1,156,512$1,006,377$1,672,693
52$1,951,953$1,171,331$998,241$1,772,363
53$2,107,884$1,185,558$988,514$1,880,681
54$2,278,361$1,199,123$977,101$1,998,509
55$2,464,823$1,211,949$963,904$2,126,796
56$2,668,858$1,223,958$948,817$2,266,592
57$2,892,211$1,235,062$931,733$2,419,053
58$3,136,808$1,245,171$912,537$2,585,452
59$3,404,766$1,254,187$891,110$2,767,195
60$3,698,417$1,262,008$867,327$2,965,831
61$4,020,331$1,268,522$841,058$3,183,070
62$4,373,338$1,273,612$812,167$3,420,793
63$4,760,554$1,277,155$780,510$3,681,080
64$5,185,411$1,279,016$745,938$3,966,220
65$5,651,692$1,279,057$708,295$4,278,738
66$6,163,560$1,277,126$667,419$4,621,418
67$6,725,603$1,273,066$623,138$4,997,331
68$7,342,876$1,266,708$575,275$5,409,862
69$8,020,946$1,257,872$523,642$5,862,741
70$8,765,945$1,246,371$468,047$6,360,084
71$9,584,630$1,232,002$408,286$6,906,427
72$10,484,445$1,214,552$344,146$7,506,772
73$11,473,590$1,193,797$275,406$8,166,633
74$12,561,099$1,169,495$201,835$8,892,089
75$13,756,925$1,141,395$123,191$9,689,843
76$15,072,036$1,109,228$39,222$10,567,284
77$16,518,513$1,072,710$0$11,532,559
78$18,109,669$1,031,539$0$12,603,249
79$19,860,169$985,399$0$13,788,359
80$21,786,175$933,952$0$15,092,149
81$23,905,492$876,843$0$16,526,701
82$26,237,739$813,695$0$18,105,334
83$28,804,532$744,110$0$19,842,724
84$31,629,691$667,668$0$21,755,047
85$34,739,459$583,924$0$23,860,133
86$38,162,755$492,407$0$26,177,630
87$41,931,444$392,622$0$28,729,195
88$46,080,635$284,045$0$31,538,695
89$50,649,018$166,121$0$34,632,436
90$55,679,222$38,266$0$38,039,410
91$61,218,224$0$0$41,791,568
92$67,317,785$0$0$45,948,369
93$74,034,943$0$0$50,536,356
94$81,432,550$0$0$55,589,208
95$89,579,863$0$0$61,154,242
96$98,553,199$0$0$67,283,599
97$108,436,656$0$0$74,034,738
98$119,322,903$0$0$81,470,971
99$131,314,057$0$0$89,662,068
100$144,522,645$0$0$98,684,910