Can I retire at age 44 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$84,231$83,480$82,748$82,034$81,336$78,171
2 years$41,698$40,922$40,169$39,439$38,732$35,581
3 years$27,523$26,743$25,992$25,269$24,573$21,536
4 years$20,436$19,659$18,916$18,205$17,526$14,625
5 years$16,186$15,413$14,679$13,983$13,323$10,567
6 years$13,353$12,586$11,863$11,182$10,542$7,932
7 years$11,330$10,569$9,858$9,194$8,573$6,109
8 years$9,814$9,060$8,361$7,712$7,112$4,791
9 years$8,635$7,888$7,201$6,569$5,990$3,807
10 years$7,692$6,953$6,278$5,663$5,103$3,056
11 years$6,922$6,190$5,527$4,928$4,389$2,473
12 years$6,280$5,556$4,905$4,323$3,804$2,012
13 years$5,738$5,021$4,382$3,816$3,317$1,646
14 years$5,273$4,564$3,938$3,388$2,907$1,351
15 years$4,871$4,169$3,555$3,021$2,560$1,113
16 years$4,519$3,825$3,223$2,705$2,262$919
17 years$4,209$3,523$2,933$2,431$2,006$760
18 years$3,934$3,255$2,677$2,190$1,784$630
19 years$3,688$3,017$2,451$1,979$1,590$523
20 years$3,467$2,803$2,249$1,793$1,420$434
21 years$3,267$2,611$2,069$1,627$1,271$361
22 years$3,085$2,438$1,907$1,479$1,139$300
23 years$2,920$2,280$1,761$1,347$1,023$250
24 years$2,769$2,136$1,628$1,229$919$208
25 years$2,630$2,005$1,508$1,122$827$174
26 years$2,502$1,884$1,399$1,026$745$145
27 years$2,383$1,773$1,299$939$672$121
28 years$2,273$1,671$1,208$860$606$101
29 years$2,171$1,576$1,124$789$547$84
30 years$2,076$1,488$1,047$724$494$70
31 years$1,988$1,407$976$665$447$59
32 years$1,905$1,331$910$611$404$49
33 years$1,827$1,261$850$562$366$41
34 years$1,754$1,195$794$517$331$34
35 years$1,685$1,133$743$476$300$29
36 years$1,620$1,076$695$438$272$24
37 years$1,559$1,022$650$404$246$20
38 years$1,501$971$609$372$223$17
39 years$1,446$923$570$343$203$14
40 years$1,395$879$535$317$184$12
41 years$1,345$836$501$292$167$10
42 years$1,299$796$470$270$151$8
43 years$1,254$759$441$249$137$7
44 years$1,212$723$414$230$125$6
45 years$1,172$690$389$212$113$5
46 years$1,133$658$365$196$103$4
47 years$1,097$628$343$181$93$3
48 years$1,061$599$323$167$85$3
49 years$1,028$572$303$155$77$2
50 years$996$547$285$143$70$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,020,000, adding $6,402 every year, while hoping to spend $25,959 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: 38/47/15 Blend
43$1,020,000$1,020,000$1,020,000$1,020,000
44$1,130,644$1,076,584$1,060,774$1,168,262
45$1,218,349$1,101,716$1,068,689$1,220,894
46$1,314,131$1,127,210$1,076,000$1,274,764
47$1,418,784$1,153,056$1,082,659$1,332,424
48$1,533,187$1,179,242$1,088,614$1,394,227
49$1,658,304$1,205,757$1,093,815$1,460,563
50$1,795,197$1,232,585$1,098,204$1,531,863
51$1,945,038$1,259,713$1,101,725$1,608,598
52$2,109,115$1,287,122$1,104,316$1,691,292
53$2,288,847$1,314,793$1,105,912$1,780,519
54$2,485,796$1,342,704$1,106,447$1,876,912
55$2,701,684$1,370,833$1,105,850$1,981,170
56$2,938,406$1,399,155$1,104,046$2,094,063
57$3,198,050$1,427,640$1,100,958$2,216,438
58$3,482,915$1,456,258$1,096,504$2,349,232
59$3,795,535$1,484,977$1,090,599$2,493,475
60$4,138,698$1,513,760$1,083,153$2,650,305
61$4,515,479$1,542,568$1,074,073$2,820,973
62$4,929,262$1,571,358$1,063,259$3,006,863
63$5,383,778$1,600,085$1,050,608$3,209,496
64$5,883,133$1,628,699$1,036,014$3,430,553
65$6,431,854$1,657,147$1,019,362$3,671,885
66$7,034,927$1,685,371$1,000,534$3,935,532
67$7,697,845$1,713,310$979,407$4,223,746
68$8,426,659$1,740,896$955,851$4,539,008
69$9,228,036$1,768,058$929,730$4,884,054
70$10,109,323$1,794,719$900,903$5,261,900
71$11,078,611$1,820,798$869,221$5,675,872
72$12,144,819$1,846,206$834,529$6,129,636
73$13,317,769$1,870,850$796,665$6,627,235
74$14,608,287$1,894,627$755,458$7,173,126
75$16,028,300$1,917,430$710,733$7,772,222
76$17,590,947$1,939,145$662,304$8,429,942
77$19,310,709$1,959,649$609,976$9,152,258
78$21,203,539$1,978,810$553,548$9,945,756
79$23,287,017$1,996,488$492,809$10,817,695
80$25,580,512$2,012,536$427,538$11,776,079
81$28,105,368$2,026,793$357,504$12,829,732
82$30,885,102$2,039,092$282,466$13,988,382
83$33,945,628$2,049,253$202,174$15,262,753
84$37,315,500$2,057,085$116,365$16,664,669
85$41,026,182$2,062,384$24,765$18,207,161
86$45,112,346$2,064,934$0$19,904,599
87$49,612,196$2,064,506$0$21,784,504
88$54,567,830$2,060,857$0$23,857,643
89$60,025,637$2,053,727$0$26,139,348
90$66,036,735$2,042,843$0$28,650,889
91$72,657,452$2,027,912$0$31,415,709
92$79,949,859$2,008,626$0$34,459,649
93$87,982,353$1,984,658$0$37,811,190
94$96,830,307$1,955,660$0$41,501,722
95$106,576,775$1,921,264$0$45,565,844
96$117,313,281$1,881,081$0$50,041,690
97$129,140,679$1,834,697$0$54,971,289
98$142,170,107$1,781,676$0$60,400,967
99$156,524,036$1,721,556$0$66,381,780
100$172,337,420$1,653,845$0$72,970,000