Can I retire at age 44 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$127,172$126,039$124,934$123,855$122,802$119,157
2 years$62,956$61,784$60,647$59,546$58,477$54,835
3 years$41,554$40,376$39,243$38,152$37,100$33,576
4 years$30,855$29,681$28,559$27,486$26,460$23,080
5 years$24,437$23,270$22,163$21,112$20,115$16,887
6 years$20,160$19,002$17,911$16,883$15,916$12,845
7 years$17,106$15,958$14,884$13,881$12,944$10,029
8 years$14,817$13,679$12,623$11,644$10,738$7,977
9 years$13,037$11,910$10,872$9,918$9,043$6,434
10 years$11,614$10,498$9,478$8,550$7,705$5,243
11 years$10,451$9,346$8,345$7,441$6,627$4,308
12 years$9,482$8,388$7,406$6,527$5,743$3,563
13 years$8,663$7,580$6,617$5,762$5,008$2,962
14 years$7,961$6,890$5,945$5,115$4,390$2,473
15 years$7,354$6,295$5,368$4,562$3,865$2,071
16 years$6,823$5,775$4,866$4,084$3,416$1,740
17 years$6,355$5,319$4,428$3,670$3,029$1,465
18 years$5,939$4,915$4,042$3,307$2,693$1,236
19 years$5,568$4,555$3,701$2,988$2,400$1,045
20 years$5,234$4,233$3,396$2,707$2,144$884
21 years$4,932$3,943$3,124$2,456$1,919$749
22 years$4,658$3,680$2,879$2,233$1,720$635
23 years$4,409$3,442$2,658$2,034$1,544$539
24 years$4,180$3,225$2,459$1,855$1,388$458
25 years$3,970$3,026$2,277$1,694$1,249$389
26 years$3,777$2,844$2,112$1,549$1,125$331
27 years$3,598$2,677$1,961$1,418$1,014$281
28 years$3,432$2,522$1,823$1,299$915$239
29 years$3,278$2,380$1,697$1,191$826$204
30 years$3,135$2,247$1,580$1,093$747$173
31 years$3,001$2,124$1,473$1,004$675$148
32 years$2,875$2,010$1,375$923$611$126
33 years$2,758$1,904$1,283$849$553$107
34 years$2,648$1,804$1,199$781$500$91
35 years$2,544$1,711$1,121$719$453$78
36 years$2,446$1,624$1,049$662$411$66
37 years$2,354$1,543$982$610$372$56
38 years$2,266$1,466$919$562$337$48
39 years$2,184$1,394$861$518$306$41
40 years$2,105$1,326$807$478$277$35
41 years$2,031$1,263$757$441$252$30
42 years$1,961$1,202$710$407$228$25
43 years$1,894$1,146$666$376$207$22
44 years$1,830$1,092$625$347$188$18
45 years$1,769$1,041$587$320$171$16
46 years$1,711$993$552$296$155$13
47 years$1,656$948$518$273$141$11
48 years$1,603$905$487$253$128$10
49 years$1,552$864$458$234$116$8
50 years$1,504$826$430$216$106$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,540,000, adding $2,271 every year, while hoping to spend $30,225 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: 83/11/6 Blend
43$1,540,000$1,540,000$1,540,000$1,540,000
44$1,699,423$1,617,803$1,593,933$1,839,696
45$1,840,604$1,664,916$1,615,170$1,978,759
46$1,995,174$1,713,324$1,636,106$2,127,115
47$2,164,465$1,763,060$1,656,699$2,289,071
48$2,349,945$1,814,155$1,676,903$2,465,970
49$2,553,233$1,866,642$1,696,673$2,659,294
50$2,776,109$1,920,554$1,715,958$2,870,672
51$3,020,536$1,975,925$1,734,706$3,101,900
52$3,288,673$2,032,788$1,752,862$3,354,955
53$3,582,903$2,091,180$1,770,367$3,632,014
54$3,905,845$2,151,134$1,787,161$3,935,475
55$4,260,389$2,212,687$1,803,178$4,267,981
56$4,649,714$2,275,874$1,818,350$4,632,441
57$5,077,326$2,340,733$1,832,606$5,032,060
58$5,547,085$2,407,300$1,845,870$5,470,368
59$6,063,242$2,475,613$1,858,061$5,951,255
60$6,630,484$2,545,709$1,869,098$6,479,005
61$7,253,972$2,617,627$1,878,891$7,058,339
62$7,939,392$2,691,405$1,887,348$7,694,456
63$8,693,008$2,767,082$1,894,372$8,393,084
64$9,521,722$2,844,697$1,899,862$9,160,536
65$10,433,140$2,924,289$1,903,709$10,003,763
66$11,435,638$3,005,897$1,905,801$10,930,428
67$12,538,448$3,089,561$1,906,020$11,948,971
68$13,751,740$3,175,320$1,904,243$13,068,691
69$15,086,721$3,263,215$1,900,338$14,299,835
70$16,555,738$3,353,283$1,894,170$15,653,693
71$18,172,395$3,445,565$1,885,597$17,142,703
72$19,951,682$3,540,101$1,874,467$18,780,573
73$21,910,115$3,636,928$1,860,623$20,582,404
74$24,065,895$3,736,085$1,843,902$22,564,836
75$26,439,074$3,837,611$1,824,131$24,746,207
76$29,051,749$3,941,544$1,801,129$27,146,719
77$31,928,267$4,047,919$1,774,706$29,788,635
78$35,095,458$4,156,774$1,744,666$32,696,487
79$38,582,882$4,268,144$1,710,800$35,897,305
80$42,423,116$4,382,063$1,672,892$39,420,876
81$46,652,055$4,498,565$1,630,715$43,300,020
82$51,309,251$4,617,681$1,584,030$47,570,906
83$56,438,290$4,739,443$1,532,591$52,273,387
84$62,087,199$4,863,879$1,476,136$57,451,379
85$68,308,901$4,991,017$1,414,394$63,153,276
86$75,161,715$5,120,882$1,347,082$69,432,404
87$82,709,902$5,253,498$1,273,901$76,347,526
88$91,024,278$5,388,885$1,194,543$83,963,397
89$100,182,876$5,527,062$1,108,682$92,351,374
90$110,271,685$5,668,044$1,015,979$101,590,090
91$121,385,464$5,811,845$916,081$111,766,193
92$133,628,628$5,958,473$808,617$122,975,170
93$147,116,244$6,107,934$693,201$135,322,243
94$161,975,108$6,260,229$569,431$148,923,363
95$178,344,946$6,415,357$436,883$163,906,306
96$196,379,730$6,573,310$295,119$180,411,877
97$216,249,137$6,734,076$143,679$198,595,242
98$238,140,141$6,897,638$0$218,627,388
99$262,258,785$7,063,972$0$240,697,890
100$288,832,125$7,233,050$0$265,023,133