Can I retire at age 44 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$82,579$81,843$81,126$80,425$79,741$78,163
2 years$40,881$40,119$39,381$38,666$37,972$36,389
3 years$26,983$26,218$25,482$24,774$24,091$22,552
4 years$20,036$19,273$18,545$17,848$17,182$15,699
5 years$15,868$15,111$14,391$13,709$13,061$11,639
6 years$13,091$12,339$11,630$10,963$10,335$8,974
7 years$11,108$10,362$9,665$9,013$8,405$7,107
8 years$9,621$8,882$8,197$7,561$6,973$5,736
9 years$8,466$7,734$7,060$6,440$5,872$4,696
10 years$7,542$6,817$6,155$5,552$5,003$3,887
11 years$6,786$6,069$5,419$4,832$4,303$3,246
12 years$6,157$5,447$4,809$4,238$3,729$2,729
13 years$5,625$4,922$4,296$3,742$3,252$2,307
14 years$5,170$4,474$3,860$3,321$2,850$1,959
15 years$4,775$4,087$3,485$2,962$2,510$1,670
16 years$4,430$3,750$3,160$2,652$2,218$1,428
17 years$4,126$3,454$2,875$2,383$1,967$1,224
18 years$3,857$3,191$2,625$2,148$1,749$1,052
19 years$3,615$2,958$2,403$1,940$1,559$906
20 years$3,399$2,748$2,205$1,757$1,392$781
21 years$3,203$2,560$2,029$1,595$1,246$675
22 years$3,025$2,390$1,870$1,450$1,117$583
23 years$2,863$2,235$1,726$1,321$1,002$505
24 years$2,714$2,094$1,596$1,205$901$437
25 years$2,578$1,965$1,479$1,100$811$379
26 years$2,453$1,847$1,371$1,006$730$329
27 years$2,336$1,738$1,273$921$658$285
28 years$2,229$1,638$1,184$844$594$248
29 years$2,129$1,545$1,102$774$537$215
30 years$2,036$1,459$1,026$710$485$187
31 years$1,949$1,380$957$652$438$163
32 years$1,867$1,305$893$599$396$141
33 years$1,791$1,236$833$551$359$123
34 years$1,719$1,172$779$507$325$107
35 years$1,652$1,111$728$467$294$93
36 years$1,588$1,055$681$430$267$81
37 years$1,528$1,002$637$396$242$70
38 years$1,472$952$597$365$219$61
39 years$1,418$905$559$337$199$53
40 years$1,367$861$524$310$180$46
41 years$1,319$820$492$286$163$40
42 years$1,273$781$461$264$148$35
43 years$1,230$744$433$244$135$31
44 years$1,188$709$406$225$122$27
45 years$1,149$676$381$208$111$23
46 years$1,111$645$358$192$101$20
47 years$1,075$616$336$178$91$18
48 years$1,041$588$316$164$83$15
49 years$1,008$561$297$152$75$13
50 years$976$536$279$140$69$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,000,000, adding $2,944 every year, while hoping to spend $28,983 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: 65/10/25 Blend
43$1,000,000$1,000,000$1,000,000$1,000,000
44$1,105,037$1,052,037$1,036,537$1,169,470
45$1,186,913$1,072,749$1,040,423$1,233,990
46$1,276,169$1,093,504$1,043,468$1,300,966
47$1,373,527$1,114,275$1,045,613$1,373,516
48$1,479,782$1,135,030$1,046,797$1,452,192
49$1,595,809$1,155,736$1,046,954$1,537,599
50$1,722,571$1,176,356$1,046,016$1,630,408
51$1,861,129$1,196,853$1,043,913$1,731,353
52$2,012,649$1,217,184$1,040,569$1,841,249
53$2,178,418$1,237,304$1,035,907$1,960,991
54$2,359,850$1,257,166$1,029,843$2,091,567
55$2,558,504$1,276,716$1,022,292$2,234,065
56$2,776,096$1,295,900$1,013,163$2,389,685
57$3,014,516$1,314,657$1,002,363$2,559,751
58$3,275,845$1,332,924$989,791$2,745,721
59$3,562,377$1,350,633$975,344$2,949,204
60$3,876,635$1,367,709$958,913$3,171,973
61$4,221,400$1,384,076$940,386$3,415,981
62$4,599,736$1,399,649$919,642$3,683,384
63$5,015,017$1,414,339$896,558$3,976,557
64$5,470,958$1,428,052$871,002$4,298,119
65$5,971,655$1,440,685$842,840$4,650,956
66$6,521,617$1,452,131$811,927$5,038,251
67$7,125,811$1,462,275$778,116$5,463,512
68$7,789,711$1,470,994$741,251$5,930,606
69$8,519,347$1,478,158$701,168$6,443,797
70$9,321,361$1,483,629$657,698$7,007,784
71$10,203,071$1,487,258$610,662$7,627,749
72$11,172,540$1,488,889$559,874$8,309,401
73$12,238,650$1,488,356$505,142$9,059,037
74$13,411,189$1,485,482$446,260$9,883,596
75$14,700,939$1,480,079$383,019$10,790,727
76$16,119,780$1,471,948$315,195$11,788,862
77$17,680,803$1,460,879$242,559$12,887,297
78$19,398,429$1,446,646$164,869$14,096,275
79$21,288,550$1,429,013$81,874$15,427,090
80$23,368,675$1,407,728$0$16,892,189
81$25,658,096$1,382,523$0$18,507,081
82$28,178,072$1,353,116$0$20,308,524
83$30,952,025$1,319,209$0$22,291,403
84$34,005,764$1,280,483$0$24,474,169
85$37,367,729$1,236,603$0$26,877,160
86$41,069,256$1,187,215$0$29,522,782
87$45,144,874$1,131,943$0$32,435,730
88$49,632,631$1,070,388$0$35,643,214
89$54,574,454$1,002,132$0$39,175,223
90$60,016,540$926,728$0$43,064,799
91$66,009,797$843,708$0$47,348,359
92$72,610,321$752,574$0$52,066,031
93$79,879,925$652,801$0$57,262,036
94$87,886,724$543,836$0$62,985,107
95$96,705,777$425,091$0$69,288,944
96$106,419,794$295,947$0$76,232,728
97$117,119,916$155,752$0$83,881,674
98$128,906,577$3,814$0$92,307,650
99$141,890,452$0$0$101,589,854
100$156,193,497$0$0$111,833,235