Can I retire at age 44 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$83,405$82,662$81,937$81,230$80,539$78,752
2 years$41,290$40,521$39,775$39,053$38,352$36,561
3 years$27,253$26,481$25,737$25,021$24,332$22,593
4 years$20,236$19,466$18,730$18,027$17,354$15,680
5 years$16,027$15,262$14,535$13,846$13,192$11,588
6 years$13,222$12,462$11,747$11,073$10,438$8,906
7 years$11,219$10,466$9,762$9,104$8,489$7,029
8 years$9,717$8,971$8,279$7,637$7,043$5,653
9 years$8,550$7,811$7,130$6,505$5,931$4,612
10 years$7,617$6,885$6,216$5,607$5,053$3,804
11 years$6,854$6,129$5,473$4,880$4,346$3,164
12 years$6,219$5,501$4,857$4,280$3,766$2,649
13 years$5,681$4,972$4,339$3,779$3,284$2,231
14 years$5,221$4,519$3,899$3,355$2,879$1,887
15 years$4,823$4,128$3,520$2,992$2,535$1,602
16 years$4,475$3,788$3,192$2,679$2,240$1,364
17 years$4,168$3,488$2,904$2,407$1,986$1,164
18 years$3,895$3,223$2,651$2,169$1,766$996
19 years$3,652$2,987$2,427$1,960$1,574$854
20 years$3,433$2,776$2,227$1,775$1,406$733
21 years$3,235$2,586$2,049$1,611$1,258$630
22 years$3,055$2,414$1,888$1,465$1,128$542
23 years$2,891$2,257$1,743$1,334$1,013$467
24 years$2,742$2,115$1,612$1,217$910$403
25 years$2,604$1,985$1,493$1,111$819$347
26 years$2,477$1,865$1,385$1,016$738$300
27 years$2,360$1,756$1,286$930$665$259
28 years$2,251$1,654$1,196$852$600$224
29 years$2,150$1,561$1,113$781$542$194
30 years$2,056$1,474$1,036$717$490$167
31 years$1,968$1,393$966$659$443$145
32 years$1,886$1,318$901$605$400$125
33 years$1,809$1,248$842$557$362$108
34 years$1,736$1,183$786$512$328$94
35 years$1,668$1,122$735$471$297$81
36 years$1,604$1,065$688$434$269$70
37 years$1,544$1,012$644$400$244$61
38 years$1,486$962$603$369$221$53
39 years$1,432$914$565$340$201$46
40 years$1,381$870$529$314$182$40
41 years$1,332$828$496$289$165$34
42 years$1,286$789$466$267$150$30
43 years$1,242$751$437$246$136$26
44 years$1,200$716$410$228$123$22
45 years$1,160$683$385$210$112$19
46 years$1,122$652$362$194$102$17
47 years$1,086$622$340$179$92$14
48 years$1,051$594$319$166$84$13
49 years$1,018$567$300$153$76$11
50 years$986$541$282$142$69$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,010,000, adding $2,757 every year, while hoping to spend $20,434 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: 64/8/28 Blend
43$1,010,000$1,010,000$1,010,000$1,010,000
44$1,115,864$1,062,334$1,046,679$1,178,812
45$1,207,940$1,092,647$1,060,001$1,252,083
46$1,308,724$1,123,760$1,073,085$1,329,614
47$1,419,081$1,155,691$1,085,900$1,413,890
48$1,539,965$1,188,458$1,098,416$1,505,577
49$1,672,429$1,222,080$1,110,600$1,605,407
50$1,817,628$1,256,573$1,122,416$1,714,188
51$1,976,837$1,291,957$1,133,829$1,832,810
52$2,151,462$1,328,249$1,144,799$1,962,254
53$2,343,047$1,365,469$1,155,286$2,103,600
54$2,553,295$1,403,636$1,165,246$2,258,039
55$2,784,084$1,442,766$1,174,634$2,426,881
56$3,037,480$1,482,881$1,183,403$2,611,573
57$3,315,758$1,523,998$1,191,503$2,813,708
58$3,621,428$1,566,135$1,198,880$3,035,039
59$3,957,250$1,609,313$1,205,480$3,277,502
60$4,326,269$1,653,549$1,211,243$3,543,227
61$4,731,838$1,698,862$1,216,109$3,834,563
62$5,177,650$1,745,271$1,220,013$4,154,098
63$5,667,774$1,792,793$1,222,887$4,504,684
64$6,206,694$1,841,447$1,224,661$4,889,464
65$6,799,350$1,891,251$1,225,260$5,311,902
66$7,451,182$1,942,221$1,224,605$5,775,814
67$8,168,189$1,994,375$1,222,615$6,285,408
68$8,956,974$2,047,730$1,219,203$6,845,320
69$9,824,819$2,102,302$1,214,279$7,460,658
70$10,779,741$2,158,106$1,207,749$8,137,052
71$11,830,579$2,215,157$1,199,512$8,880,708
72$12,987,068$2,273,470$1,189,466$9,698,464
73$14,259,937$2,333,058$1,177,501$10,597,856
74$15,661,007$2,393,934$1,163,504$11,587,188
75$17,203,302$2,456,109$1,147,353$12,675,615
76$18,901,175$2,519,594$1,128,926$13,873,222
77$20,770,439$2,584,399$1,108,089$15,191,126
78$22,828,521$2,650,532$1,084,707$16,641,579
79$25,094,621$2,717,999$1,058,636$18,238,081
80$27,589,898$2,786,806$1,029,726$19,995,513
81$30,337,665$2,856,957$997,819$21,930,271
82$33,363,613$2,928,454$962,752$24,060,428
83$36,696,050$3,001,297$924,353$26,405,900
84$40,366,170$3,075,483$882,441$28,988,634
85$44,408,346$3,151,009$836,830$31,832,820
86$48,860,456$3,227,867$787,323$34,965,114
87$53,764,240$3,306,049$733,715$38,414,894
88$59,165,689$3,385,543$675,792$42,214,536
89$65,115,488$3,466,333$613,329$46,399,718
90$71,669,485$3,548,401$546,093$51,009,763
91$78,889,225$3,631,725$473,840$56,088,002
92$86,842,527$3,716,280$396,314$61,682,192
93$95,604,122$3,802,036$313,248$67,844,961
94$105,256,366$3,888,959$224,366$74,634,307
95$115,890,009$3,977,011$129,375$82,114,149
96$127,605,054$4,066,148$27,973$90,354,927
97$140,511,702$4,156,323$0$99,434,267
98$154,731,394$4,247,481$0$109,461,690
99$170,397,950$4,339,561$0$120,517,980
100$187,658,839$4,432,498$0$132,698,768