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%17.4%
1 years$82,579$81,843$81,126$80,425$79,741$77,344
2 years$40,881$40,119$39,381$38,666$37,972$35,577
3 years$26,983$26,218$25,482$24,774$24,091$21,773
4 years$20,036$19,273$18,545$17,848$17,182$14,959
5 years$15,868$15,111$14,391$13,709$13,061$10,940
6 years$13,091$12,339$11,630$10,963$10,335$8,316
7 years$11,108$10,362$9,665$9,013$8,405$6,489
8 years$9,621$8,882$8,197$7,561$6,973$5,159
9 years$8,466$7,734$7,060$6,440$5,872$4,158
10 years$7,542$6,817$6,155$5,552$5,003$3,387
11 years$6,786$6,069$5,419$4,832$4,303$2,781
12 years$6,157$5,447$4,809$4,238$3,729$2,298
13 years$5,625$4,922$4,296$3,742$3,252$1,909
14 years$5,170$4,474$3,860$3,321$2,850$1,593
15 years$4,775$4,087$3,485$2,962$2,510$1,333
16 years$4,430$3,750$3,160$2,652$2,218$1,119
17 years$4,126$3,454$2,875$2,383$1,967$942
18 years$3,857$3,191$2,625$2,148$1,749$794
19 years$3,615$2,958$2,403$1,940$1,559$670
20 years$3,399$2,748$2,205$1,757$1,392$567
21 years$3,203$2,560$2,029$1,595$1,246$480
22 years$3,025$2,390$1,870$1,450$1,117$407
23 years$2,863$2,235$1,726$1,321$1,002$345
24 years$2,714$2,094$1,596$1,205$901$293
25 years$2,578$1,965$1,479$1,100$811$248
26 years$2,453$1,847$1,371$1,006$730$211
27 years$2,336$1,738$1,273$921$658$179
28 years$2,229$1,638$1,184$844$594$152
29 years$2,129$1,545$1,102$774$537$130
30 years$2,036$1,459$1,026$710$485$110
31 years$1,949$1,380$957$652$438$94
32 years$1,867$1,305$893$599$396$80
33 years$1,791$1,236$833$551$359$68
34 years$1,719$1,172$779$507$325$58
35 years$1,652$1,111$728$467$294$49
36 years$1,588$1,055$681$430$267$42
37 years$1,528$1,002$637$396$242$36
38 years$1,472$952$597$365$219$30
39 years$1,418$905$559$337$199$26
40 years$1,367$861$524$310$180$22
41 years$1,319$820$492$286$163$19
42 years$1,273$781$461$264$148$16
43 years$1,230$744$433$244$135$14
44 years$1,188$709$406$225$122$12
45 years$1,149$676$381$208$111$10
46 years$1,111$645$358$192$101$8
47 years$1,075$616$336$178$91$7
48 years$1,041$588$316$164$83$6
49 years$1,008$561$297$152$75$5
50 years$976$536$279$140$69$4

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 $4,005 every year, while hoping to spend $51,744 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: 70/14/16 Blend
43$1,000,000$1,000,000$1,000,000$1,000,000
44$1,106,131$1,053,131$1,037,631$1,179,170
45$1,163,901$1,049,679$1,017,337$1,224,820
46$1,225,830$1,044,324$994,628$1,268,195
47$1,292,286$1,036,918$969,370$1,314,345
48$1,363,676$1,027,303$941,420$1,363,535
49$1,440,444$1,015,314$910,631$1,416,061
50$1,523,079$1,000,774$876,847$1,472,248
51$1,612,118$983,497$839,906$1,532,456
52$1,708,149$963,284$799,638$1,597,082
53$1,811,822$939,926$755,867$1,666,567
54$1,923,846$913,201$708,407$1,741,396
55$2,045,004$882,873$657,065$1,822,105
56$2,176,155$848,695$601,637$1,909,288
57$2,318,245$810,403$541,914$2,003,600
58$2,472,311$767,718$477,673$2,105,766
59$2,639,497$720,346$408,685$2,216,585
60$2,821,058$667,976$334,709$2,336,942
61$3,018,378$610,278$255,493$2,467,812
62$3,232,975$546,905$170,775$2,610,275
63$3,466,523$477,488$80,280$2,765,520
64$3,720,862$401,638$0$2,934,865
65$3,998,018$318,946$0$3,122,543
66$4,300,218$228,977$0$3,342,185
67$4,629,917$131,274$0$3,581,894
68$4,989,814$25,352$0$3,843,682
69$5,382,881$0$0$4,129,767
70$5,812,391$0$0$4,456,350
71$6,281,945$0$0$4,817,703
72$6,795,509$0$0$5,212,979
73$7,357,450$0$0$5,645,544
74$7,972,576$0$0$6,119,108
75$8,646,182$0$0$6,637,753
76$9,384,098$0$0$7,205,976
77$10,192,746$0$0$7,828,730
78$11,079,198$0$0$8,511,470
79$12,051,241$0$0$9,260,201
80$13,117,455$0$0$10,081,540
81$14,287,288$0$0$10,982,775
82$15,571,147$0$0$11,971,933
83$16,980,496$0$0$13,057,856
84$18,527,963$0$0$14,250,284
85$20,227,459$0$0$15,559,946
86$22,094,307$0$0$16,998,662
87$24,145,388$0$0$18,579,452
88$26,399,300$0$0$20,316,662
89$28,876,530$0$0$22,226,092
90$31,599,649$0$0$24,325,155
91$34,593,525$0$0$26,633,029
92$37,885,552$0$0$29,170,849
93$41,505,917$0$0$31,961,895
94$45,487,874$0$0$35,031,820
95$49,868,064$0$0$38,408,886
96$54,686,857$0$0$42,124,234
97$59,988,732$0$0$46,212,172
98$65,822,699$0$0$50,710,505
99$72,242,757$0$0$55,660,887
100$79,308,404$0$0$61,109,211