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%11.9%
1 years$82,579$81,843$81,126$80,425$79,741$79,106
2 years$40,881$40,119$39,381$38,666$37,972$37,332
3 years$26,983$26,218$25,482$24,774$24,091$23,466
4 years$20,036$19,273$18,545$17,848$17,182$16,576
5 years$15,868$15,111$14,391$13,709$13,061$12,477
6 years$13,091$12,339$11,630$10,963$10,335$9,773
7 years$11,108$10,362$9,665$9,013$8,405$7,865
8 years$9,621$8,882$8,197$7,561$6,973$6,455
9 years$8,466$7,734$7,060$6,440$5,872$5,377
10 years$7,542$6,817$6,155$5,552$5,003$4,530
11 years$6,786$6,069$5,419$4,832$4,303$3,851
12 years$6,157$5,447$4,809$4,238$3,729$3,298
13 years$5,625$4,922$4,296$3,742$3,252$2,841
14 years$5,170$4,474$3,860$3,321$2,850$2,460
15 years$4,775$4,087$3,485$2,962$2,510$2,139
16 years$4,430$3,750$3,160$2,652$2,218$1,867
17 years$4,126$3,454$2,875$2,383$1,967$1,634
18 years$3,857$3,191$2,625$2,148$1,749$1,433
19 years$3,615$2,958$2,403$1,940$1,559$1,261
20 years$3,399$2,748$2,205$1,757$1,392$1,111
21 years$3,203$2,560$2,029$1,595$1,246$980
22 years$3,025$2,390$1,870$1,450$1,117$866
23 years$2,863$2,235$1,726$1,321$1,002$767
24 years$2,714$2,094$1,596$1,205$901$679
25 years$2,578$1,965$1,479$1,100$811$602
26 years$2,453$1,847$1,371$1,006$730$535
27 years$2,336$1,738$1,273$921$658$475
28 years$2,229$1,638$1,184$844$594$422
29 years$2,129$1,545$1,102$774$537$376
30 years$2,036$1,459$1,026$710$485$334
31 years$1,949$1,380$957$652$438$298
32 years$1,867$1,305$893$599$396$265
33 years$1,791$1,236$833$551$359$236
34 years$1,719$1,172$779$507$325$210
35 years$1,652$1,111$728$467$294$188
36 years$1,588$1,055$681$430$267$167
37 years$1,528$1,002$637$396$242$149
38 years$1,472$952$597$365$219$133
39 years$1,418$905$559$337$199$119
40 years$1,367$861$524$310$180$106
41 years$1,319$820$492$286$163$95
42 years$1,273$781$461$264$148$84
43 years$1,230$744$433$244$135$75
44 years$1,188$709$406$225$122$67
45 years$1,149$676$381$208$111$60
46 years$1,111$645$358$192$101$54
47 years$1,075$616$336$178$91$48
48 years$1,041$588$316$164$83$43
49 years$1,008$561$297$152$75$38
50 years$976$536$279$140$69$34

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 $5,178 every year, while hoping to spend $36,259 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: 64/14/22 Blend
43$1,000,000$1,000,000$1,000,000$1,000,000
44$1,107,341$1,054,341$1,038,841$1,171,603
45$1,181,711$1,067,425$1,035,063$1,228,609
46$1,262,451$1,079,934$1,029,943$1,286,322
47$1,350,172$1,091,802$1,023,398$1,348,545
48$1,445,549$1,102,960$1,015,341$1,415,722
49$1,549,320$1,113,330$1,005,680$1,488,342
50$1,662,300$1,122,832$994,320$1,566,947
51$1,785,385$1,131,382$981,160$1,652,132
52$1,919,561$1,138,886$966,095$1,744,557
53$2,065,913$1,145,248$949,016$1,844,947
54$2,225,635$1,150,364$929,807$1,954,104
55$2,400,042$1,154,125$908,348$2,072,911
56$2,590,582$1,156,412$884,513$2,202,343
57$2,798,848$1,157,103$858,171$2,343,476
58$3,026,593$1,156,064$829,182$2,497,497
59$3,275,750$1,153,155$797,404$2,665,714
60$3,548,445$1,148,228$762,686$2,849,572
61$3,847,019$1,141,124$724,869$3,050,663
62$4,174,052$1,131,676$683,789$3,270,744
63$4,532,384$1,119,707$639,274$3,511,752
64$4,925,141$1,105,027$591,144$3,775,826
65$5,355,770$1,087,437$539,211$4,065,322
66$5,828,062$1,066,725$483,279$4,382,841
67$6,346,198$1,042,668$423,142$4,731,251
68$6,914,779$1,015,027$358,586$5,113,713
69$7,538,875$983,553$289,387$5,533,717
70$8,224,071$947,977$215,312$5,995,109
71$8,976,518$908,020$136,117$6,502,130
72$9,802,993$863,383$51,547$7,059,458
73$10,710,960$813,751$0$7,672,253
74$11,708,645$758,792$0$8,355,287
75$12,805,106$698,152$0$9,119,252
76$14,010,324$631,459$0$9,959,018
77$15,335,297$558,320$0$10,882,284
78$16,792,138$478,318$0$11,897,531
79$18,394,195$391,015$0$13,014,108
80$20,156,174$295,945$0$14,242,319
81$22,094,276$192,619$0$15,593,517
82$24,226,353$80,519$0$17,080,216
83$26,572,074$0$0$18,716,208
84$29,153,108$0$0$20,522,992
85$31,993,335$0$0$22,524,947
86$35,119,064$0$0$24,728,222
87$38,559,282$0$0$27,153,262
88$42,345,932$0$0$29,822,593
89$46,514,209$0$0$32,761,036
90$51,102,894$0$0$35,995,942
91$56,154,717$0$0$39,557,446
92$61,716,766$0$0$43,478,756
93$67,840,922$0$0$47,796,462
94$74,584,358$0$0$52,550,886
95$82,010,070$0$0$57,786,454
96$90,187,474$0$0$63,552,126
97$99,193,064$0$0$69,901,846
98$109,111,127$0$0$76,895,061
99$120,034,545$0$0$84,597,276
100$132,065,665$0$0$93,080,673