Can I retire at age 44?

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 $1,000,000

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1%2%3%4%5%6%7%8%9%10%
1 years$82,954$82,579$82,209$81,843$81,482$81,126$80,774$80,425$80,081$79,741
2 years$41,271$40,881$40,497$40,119$39,748$39,381$39,021$38,666$38,316$37,972
3 years$27,377$26,983$26,597$26,218$25,847$25,482$25,125$24,774$24,429$24,091
4 years$20,430$20,036$19,650$19,273$18,905$18,545$18,192$17,848$17,511$17,182
5 years$16,262$15,868$15,484$15,111$14,746$14,391$14,046$13,709$13,381$13,061
6 years$13,484$13,091$12,709$12,339$11,979$11,630$11,292$10,963$10,644$10,335
7 years$11,500$11,108$10,729$10,362$10,008$9,665$9,334$9,013$8,704$8,405
8 years$10,012$9,621$9,245$8,882$8,533$8,197$7,873$7,561$7,261$6,973
9 years$8,855$8,466$8,092$7,734$7,390$7,060$6,743$6,440$6,150$5,872
10 years$7,929$7,542$7,171$6,817$6,478$6,155$5,846$5,552$5,271$5,003
11 years$7,172$6,786$6,419$6,069$5,735$5,419$5,118$4,832$4,560$4,303
12 years$6,541$6,157$5,793$5,447$5,119$4,809$4,515$4,238$3,976$3,729
13 years$6,007$5,625$5,264$4,922$4,600$4,296$4,010$3,742$3,489$3,252
14 years$5,550$5,170$4,811$4,474$4,158$3,860$3,582$3,321$3,078$2,850
15 years$5,153$4,775$4,420$4,087$3,776$3,485$3,214$2,962$2,727$2,510
16 years$4,807$4,430$4,078$3,750$3,444$3,160$2,896$2,652$2,426$2,218
17 years$4,501$4,126$3,778$3,454$3,153$2,875$2,619$2,383$2,166$1,967
18 years$4,229$3,857$3,511$3,191$2,896$2,625$2,376$2,148$1,939$1,749
19 years$3,986$3,615$3,273$2,958$2,668$2,403$2,161$1,940$1,740$1,559
20 years$3,767$3,399$3,059$2,748$2,464$2,205$1,970$1,757$1,565$1,392
21 years$3,570$3,203$2,867$2,560$2,281$2,029$1,800$1,595$1,411$1,246
22 years$3,390$3,025$2,692$2,390$2,116$1,870$1,648$1,450$1,274$1,117
23 years$3,226$2,863$2,533$2,235$1,967$1,726$1,512$1,321$1,152$1,002
24 years$3,075$2,714$2,388$2,094$1,831$1,596$1,388$1,205$1,043$901
25 years$2,937$2,578$2,255$1,965$1,707$1,479$1,277$1,100$945$811
26 years$2,810$2,453$2,132$1,847$1,594$1,371$1,176$1,006$858$730
27 years$2,691$2,336$2,019$1,738$1,490$1,273$1,084$921$780$658
28 years$2,582$2,229$1,915$1,638$1,395$1,184$1,001$844$709$594
29 years$2,480$2,129$1,818$1,545$1,307$1,102$925$774$645$537
30 years$2,385$2,036$1,728$1,459$1,226$1,026$855$710$588$485

Sample Expected Returns by Investment Class

Person retiring at age 44 starting with $1,000,000, adding $2,649 every year, while hoping to spend $57,975 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: 50/30/20 Blend
43$1,000,000$1,000,000$1,000,000$1,000,000
44$1,104,732$1,051,732$1,036,232$1,153,679
45$1,155,730$1,041,582$1,009,261$1,177,674
46$1,209,987$1,028,992$979,444$1,197,584
47$1,267,773$1,013,780$946,623$1,217,998
48$1,329,386$995,756$910,635$1,238,986
49$1,395,151$974,715$871,309$1,260,627
50$1,465,425$950,445$828,466$1,283,013
51$1,540,597$922,715$781,918$1,306,249
52$1,621,096$891,287$731,471$1,330,456
53$1,707,393$855,904$676,920$1,355,769
54$1,800,001$816,298$618,050$1,382,344
55$1,899,486$772,182$554,640$1,410,356
56$2,006,469$723,254$486,457$1,440,005
57$2,121,632$669,196$413,256$1,471,515
58$2,245,722$609,671$334,783$1,505,140
59$2,379,561$544,320$250,774$1,541,165
60$2,524,052$472,768$160,951$1,579,913
61$2,680,188$394,615$65,025$1,621,745
62$2,849,057$309,442$0$1,667,067
63$3,031,859$216,803$0$1,724,305
64$3,229,912$116,229$0$1,801,325
65$3,444,663$7,224$0$1,884,878
66$3,677,705$0$0$1,975,677
67$3,930,791$0$0$2,111,070
68$4,205,847$0$0$2,260,900
69$4,504,994$0$0$2,423,949
70$4,830,563$0$0$2,601,501
71$5,185,122$0$0$2,794,969
72$5,571,493$0$0$3,005,905
73$5,992,785$0$0$3,236,022
74$6,452,419$0$0$3,487,201
75$6,954,159$0$0$3,761,515
76$7,502,149$0$0$4,061,245
77$8,100,952$0$0$4,388,904
78$8,755,591$0$0$4,747,256
79$9,471,597$0$0$5,139,347
80$10,255,057$0$0$5,568,530
81$11,112,677$0$0$6,038,495
82$12,051,839$0$0$6,553,309
83$13,080,675$0$0$7,117,449
84$14,208,138$0$0$7,735,846
85$15,444,088$0$0$8,413,930
86$16,799,388$0$0$9,157,684
87$18,285,998$0$0$9,973,695
88$19,917,094$0$0$10,869,219
89$21,707,189$0$0$11,852,250
90$23,672,267$0$0$12,931,594
91$25,829,939$0$0$14,116,948
92$28,199,600$0$0$15,418,998
93$30,802,620$0$0$16,849,514
94$33,662,538$0$0$18,421,463
95$36,805,285$0$0$20,149,129
96$40,259,432$0$0$22,048,251
97$44,056,452$0$0$24,136,166
98$48,231,021$0$0$26,431,977
99$52,821,341$0$0$28,956,729
100$57,869,503$0$0$31,733,609

Retirement Simulation By Amount