Can I retire at age 44 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$131,301$130,131$128,990$127,876$126,789$125,622
2 years$65,000$63,790$62,617$61,479$60,376$59,200
3 years$42,903$41,687$40,517$39,390$38,305$37,156
4 years$31,857$30,645$29,486$28,378$27,319$26,207
5 years$25,231$24,026$22,882$21,797$20,768$19,696
6 years$20,815$19,619$18,492$17,432$16,433$15,402
7 years$17,662$16,476$15,367$14,331$13,364$12,375
8 years$15,298$14,123$13,033$12,022$11,087$10,139
9 years$13,460$12,296$11,225$10,240$9,337$8,430
10 years$11,991$10,839$9,786$8,827$7,955$7,090
11 years$10,790$9,649$8,616$7,682$6,842$6,016
12 years$9,790$8,661$7,646$6,738$5,929$5,142
13 years$8,944$7,827$6,831$5,949$5,170$4,422
14 years$8,220$7,114$6,138$5,281$4,532$3,821
15 years$7,593$6,499$5,542$4,710$3,991$3,316
16 years$7,044$5,963$5,024$4,217$3,527$2,887
17 years$6,561$5,491$4,572$3,789$3,127$2,522
18 years$6,132$5,074$4,174$3,415$2,781$2,208
19 years$5,749$4,703$3,821$3,085$2,478$1,938
20 years$5,404$4,370$3,507$2,794$2,214$1,703
21 years$5,092$4,071$3,225$2,536$1,981$1,500
22 years$4,810$3,800$2,973$2,306$1,776$1,323
23 years$4,552$3,554$2,745$2,100$1,594$1,168
24 years$4,316$3,330$2,538$1,915$1,433$1,033
25 years$4,099$3,125$2,351$1,749$1,289$914
26 years$3,900$2,937$2,180$1,599$1,161$809
27 years$3,715$2,764$2,025$1,464$1,047$717
28 years$3,544$2,604$1,882$1,341$945$636
29 years$3,385$2,457$1,752$1,230$853$564
30 years$3,237$2,320$1,632$1,129$771$501
31 years$3,098$2,193$1,521$1,037$697$445
32 years$2,969$2,075$1,419$953$630$395
33 years$2,847$1,965$1,325$876$570$351
34 years$2,734$1,863$1,238$806$517$312
35 years$2,626$1,767$1,158$742$468$278
36 years$2,525$1,677$1,083$683$424$247
37 years$2,430$1,593$1,014$630$384$220
38 years$2,340$1,514$949$580$348$196
39 years$2,255$1,439$889$535$316$174
40 years$2,174$1,369$833$494$286$155
41 years$2,097$1,304$782$455$260$138
42 years$2,024$1,241$733$420$236$123
43 years$1,955$1,183$688$388$214$109
44 years$1,889$1,128$646$358$194$97
45 years$1,826$1,075$606$331$176$87
46 years$1,766$1,026$569$306$160$77
47 years$1,709$979$535$282$145$69
48 years$1,655$934$503$261$132$61
49 years$1,602$892$473$241$120$55
50 years$1,552$852$444$223$109$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,590,000, adding $6,116 every year, while hoping to spend $42,137 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: 72/15/13 Blend
43$1,590,000$1,590,000$1,590,000$1,590,000
44$1,758,489$1,674,219$1,649,574$1,879,785
45$1,893,021$1,711,422$1,660,001$1,998,138
46$2,039,864$1,749,036$1,669,365$2,121,945
47$2,200,227$1,787,036$1,677,587$2,256,392
48$2,375,445$1,825,396$1,684,581$2,402,521
49$2,566,986$1,864,085$1,690,259$2,561,479
50$2,776,464$1,903,072$1,694,529$2,734,532
51$3,005,661$1,942,319$1,697,293$2,923,073
52$3,256,534$1,981,789$1,698,448$3,128,637
53$3,531,242$2,021,438$1,697,887$3,352,914
54$3,832,160$2,061,220$1,695,498$3,597,767
55$4,161,905$2,101,084$1,691,161$3,865,249
56$4,523,357$2,140,975$1,684,754$4,157,620
57$4,919,692$2,180,835$1,676,145$4,477,372
58$5,354,404$2,220,599$1,665,199$4,827,250
59$5,831,343$2,260,198$1,651,773$5,210,280
60$6,354,749$2,299,558$1,635,717$5,629,793
61$6,929,294$2,338,597$1,616,874$6,089,463
62$7,560,123$2,377,229$1,595,081$6,593,336
63$8,252,904$2,415,361$1,570,164$7,145,872
64$9,013,881$2,452,894$1,541,945$7,751,986
65$9,849,931$2,489,721$1,510,234$8,417,092
66$10,768,632$2,525,725$1,474,836$9,147,160
67$11,778,332$2,560,786$1,435,542$9,948,764
68$12,888,228$2,594,770$1,392,139$10,829,154
69$14,108,451$2,627,537$1,344,399$11,796,314
70$15,450,163$2,658,937$1,292,087$12,859,049
71$16,925,664$2,688,809$1,234,956$14,027,056
72$18,548,503$2,716,982$1,172,748$15,311,025
73$20,333,609$2,743,272$1,105,193$16,722,738
74$22,297,430$2,767,486$1,032,010$18,275,176
75$24,458,089$2,789,414$952,904$19,982,647
76$26,835,554$2,808,835$867,567$21,860,918
77$29,451,828$2,825,515$775,677$23,927,368
78$32,331,151$2,839,202$676,899$26,201,144
79$35,500,235$2,849,630$570,882$28,703,354
80$38,988,512$2,856,514$457,259$31,457,255
81$42,828,411$2,859,555$335,648$34,488,480
82$47,055,667$2,858,431$205,651$37,825,279
83$51,709,654$2,852,803$66,849$41,498,783
84$56,833,758$2,842,310$0$45,543,302
85$62,475,788$2,826,569$0$50,007,921
86$68,688,421$2,805,174$0$54,933,666
87$75,529,706$2,777,694$0$60,357,244
88$83,063,607$2,743,671$0$66,329,333
89$91,360,606$2,702,623$0$72,905,781
90$100,498,372$2,654,035$0$80,148,133
91$110,562,488$2,597,365$0$88,124,207
92$121,647,261$2,532,036$0$96,908,741
93$133,856,615$2,457,439$0$106,584,094
94$147,305,065$2,372,928$0$117,241,027
95$162,118,802$2,277,822$0$128,979,556
96$178,436,881$2,171,397$0$141,909,899
97$196,412,537$2,052,889$0$156,153,518
98$216,214,624$1,921,489$0$171,844,262
99$238,029,217$1,776,343$0$189,129,634
100$262,061,361$1,616,547$0$208,172,183