Can I retire at age 44 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$85,056$84,299$83,560$82,838$82,134$81,208
2 years$42,107$41,323$40,563$39,826$39,111$38,180
3 years$27,793$27,005$26,247$25,517$24,814$23,905
4 years$20,637$19,852$19,101$18,384$17,697$16,818
5 years$16,344$15,564$14,823$14,120$13,453$12,606
6 years$13,484$12,709$11,979$11,292$10,645$9,832
7 years$11,441$10,673$9,955$9,284$8,657$7,877
8 years$9,910$9,149$8,443$7,788$7,182$6,436
9 years$8,720$7,966$7,272$6,634$6,048$5,335
10 years$7,768$7,021$6,339$5,718$5,154$4,473
11 years$6,990$6,251$5,581$4,977$4,432$3,784
12 years$6,342$5,610$4,953$4,365$3,841$3,225
13 years$5,794$5,070$4,425$3,854$3,349$2,764
14 years$5,325$4,609$3,976$3,421$2,936$2,380
15 years$4,918$4,210$3,590$3,051$2,585$2,059
16 years$4,563$3,863$3,255$2,732$2,285$1,786
17 years$4,250$3,557$2,962$2,454$2,026$1,555
18 years$3,972$3,287$2,704$2,212$1,801$1,357
19 years$3,724$3,046$2,475$1,999$1,605$1,186
20 years$3,501$2,831$2,272$1,810$1,434$1,039
21 years$3,299$2,637$2,089$1,643$1,283$912
22 years$3,116$2,461$1,926$1,494$1,150$801
23 years$2,949$2,302$1,778$1,360$1,033$704
24 years$2,796$2,157$1,644$1,241$928$620
25 years$2,655$2,024$1,523$1,133$835$547
26 years$2,526$1,902$1,413$1,036$752$482
27 years$2,407$1,790$1,312$948$678$426
28 years$2,296$1,687$1,219$869$612$376
29 years$2,193$1,592$1,135$797$553$332
30 years$2,097$1,503$1,057$731$499$294
31 years$2,007$1,421$985$672$451$260
32 years$1,923$1,344$919$617$408$230
33 years$1,845$1,273$858$568$370$203
34 years$1,771$1,207$802$522$335$180
35 years$1,701$1,145$750$481$303$159
36 years$1,636$1,086$701$443$275$141
37 years$1,574$1,032$657$408$249$125
38 years$1,516$981$615$376$226$111
39 years$1,461$932$576$347$205$98
40 years$1,408$887$540$320$186$87
41 years$1,359$844$506$295$168$77
42 years$1,311$804$475$272$153$68
43 years$1,266$766$446$251$139$61
44 years$1,224$730$418$232$126$54
45 years$1,183$697$393$214$114$48
46 years$1,144$664$369$198$104$42
47 years$1,107$634$347$183$94$38
48 years$1,072$605$326$169$86$33
49 years$1,038$578$306$156$78$30
50 years$1,006$552$288$144$71$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,030,000, adding $5,407 every year, while hoping to spend $30,071 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: 44/46/10 Blend
43$1,030,000$1,030,000$1,030,000$1,030,000
44$1,140,637$1,086,047$1,070,082$1,187,332
45$1,224,987$1,107,268$1,073,935$1,241,528
46$1,316,933$1,128,521$1,076,908$1,296,745
47$1,417,217$1,149,776$1,078,942$1,355,911
48$1,526,658$1,171,000$1,079,972$1,419,400
49$1,646,156$1,192,158$1,079,929$1,487,626
50$1,776,701$1,213,211$1,078,745$1,561,042
51$1,919,386$1,234,120$1,076,344$1,640,151
52$2,075,410$1,254,838$1,072,648$1,725,506
53$2,246,097$1,275,320$1,067,576$1,817,716
54$2,432,902$1,295,514$1,061,043$1,917,455
55$2,637,428$1,315,365$1,052,959$2,025,463
56$2,861,442$1,334,814$1,043,229$2,142,560
57$3,106,888$1,353,798$1,031,756$2,269,647
58$3,375,907$1,372,251$1,018,436$2,407,720
59$3,670,858$1,390,099$1,003,162$2,557,876
60$3,994,337$1,407,267$985,820$2,721,327
61$4,349,207$1,423,670$966,293$2,899,407
62$4,738,618$1,439,222$944,456$3,093,589
63$5,166,042$1,453,828$920,179$3,305,498
64$5,635,301$1,467,389$893,329$3,536,926
65$6,150,608$1,479,797$863,761$3,789,848
66$6,716,603$1,490,940$831,330$4,066,445
67$7,338,395$1,500,695$795,878$4,369,120
68$8,021,617$1,508,934$757,245$4,700,525
69$8,772,470$1,515,520$715,262$5,063,583
70$9,597,789$1,520,307$669,750$5,461,520
71$10,505,102$1,523,141$620,525$5,897,893
72$11,502,703$1,523,856$567,393$6,376,623
73$12,599,732$1,522,277$510,154$6,902,038
74$13,806,255$1,518,220$448,595$7,478,907
75$15,133,366$1,511,486$382,496$8,112,491
76$16,593,288$1,501,867$311,627$8,808,593
77$18,199,485$1,489,140$235,749$9,573,609
78$19,966,795$1,473,071$154,609$10,414,595
79$21,911,567$1,453,410$67,947$11,339,331
80$24,051,812$1,429,892$0$12,356,394
81$26,407,377$1,402,238$0$13,477,861
82$29,000,133$1,370,150$0$14,719,453
83$31,854,174$1,333,316$0$16,085,443
84$34,996,053$1,291,401$0$17,588,544
85$38,455,025$1,244,054$0$19,242,774
86$42,263,327$1,190,902$0$21,063,582
87$46,456,481$1,131,551$0$23,068,003
88$51,073,630$1,065,585$0$25,274,813
89$56,157,903$992,562$0$27,704,715
90$61,756,827$912,015$0$30,380,526
91$67,922,773$823,453$0$33,327,402
92$74,713,447$726,353$0$36,573,073
93$82,192,440$620,167$0$40,148,106
94$90,429,825$504,311$0$44,086,199
95$99,502,816$378,171$0$48,424,493
96$109,496,501$241,098$0$53,203,933
97$120,504,639$92,408$0$58,469,651
98$132,630,553$0$0$64,271,395
99$145,988,094$0$0$70,698,737
100$160,702,725$0$0$77,830,796