Can I retire at age 44 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$132,127$130,950$129,801$128,681$127,586$124,099
2 years$65,409$64,191$63,010$61,866$60,755$57,268
3 years$43,173$41,950$40,772$39,638$38,546$35,167
4 years$32,057$30,837$29,671$28,557$27,491$24,247
5 years$25,389$24,177$23,026$21,934$20,898$17,797
6 years$20,945$19,742$18,609$17,541$16,536$13,581
7 years$17,773$16,579$15,464$14,422$13,448$10,640
8 years$15,394$14,212$13,115$12,098$11,157$8,493
9 years$13,545$12,374$11,296$10,305$9,396$6,875
10 years$12,067$10,907$9,848$8,883$8,005$5,624
11 years$10,858$9,710$8,670$7,731$6,885$4,639
12 years$9,851$8,715$7,694$6,781$5,966$3,852
13 years$9,000$7,876$6,874$5,986$5,203$3,215
14 years$8,271$7,159$6,177$5,314$4,561$2,695
15 years$7,640$6,540$5,577$4,739$4,016$2,267
16 years$7,089$6,000$5,056$4,243$3,549$1,913
17 years$6,602$5,526$4,601$3,813$3,147$1,618
18 years$6,171$5,106$4,200$3,436$2,798$1,371
19 years$5,785$4,732$3,845$3,105$2,494$1,164
20 years$5,438$4,398$3,529$2,812$2,228$989
21 years$5,124$4,096$3,246$2,552$1,993$842
22 years$4,840$3,824$2,991$2,320$1,787$717
23 years$4,581$3,576$2,762$2,113$1,604$612
24 years$4,343$3,351$2,554$1,927$1,442$522
25 years$4,125$3,144$2,366$1,760$1,297$446
26 years$3,924$2,955$2,194$1,609$1,169$381
27 years$3,738$2,781$2,038$1,473$1,054$325
28 years$3,566$2,621$1,894$1,350$951$278
29 years$3,406$2,472$1,763$1,238$858$238
30 years$3,257$2,335$1,642$1,136$776$204
31 years$3,118$2,207$1,531$1,043$701$174
32 years$2,987$2,088$1,428$959$634$149
33 years$2,865$1,978$1,333$882$574$128
34 years$2,751$1,875$1,246$811$520$109
35 years$2,643$1,778$1,165$747$471$94
36 years$2,541$1,688$1,090$688$427$80
37 years$2,445$1,603$1,020$634$387$69
38 years$2,355$1,523$955$584$350$59
39 years$2,269$1,448$895$539$318$50
40 years$2,187$1,378$839$497$288$43
41 years$2,110$1,312$786$458$262$37
42 years$2,037$1,249$738$423$237$32
43 years$1,967$1,190$692$390$215$27
44 years$1,901$1,135$650$361$195$23
45 years$1,838$1,082$610$333$177$20
46 years$1,778$1,032$573$308$161$17
47 years$1,720$985$538$284$146$15
48 years$1,665$940$506$263$133$13
49 years$1,612$898$476$243$121$11
50 years$1,562$858$447$224$110$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,600,000, adding $5,791 every year, while hoping to spend $39,982 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$1,600,000$1,600,000$1,600,000$1,600,000
44$1,769,173$1,684,373$1,659,573$1,891,232
45$1,907,089$1,724,367$1,672,629$2,012,838
46$2,057,731$1,764,981$1,684,781$2,140,501
47$2,222,357$1,806,202$1,695,958$2,279,227
48$2,402,349$1,848,017$1,706,084$2,430,101
49$2,599,229$1,890,411$1,715,079$2,594,318
50$2,814,674$1,933,365$1,722,858$2,773,194
51$3,050,530$1,976,858$1,729,333$2,968,178
52$3,308,828$2,020,869$1,734,410$3,180,868
53$3,591,809$2,065,372$1,737,993$3,413,021
54$3,901,936$2,110,337$1,739,978$3,666,577
55$4,241,924$2,155,735$1,740,258$3,943,669
56$4,614,764$2,201,530$1,738,720$4,246,650
57$5,023,749$2,247,683$1,735,247$4,578,111
58$5,472,506$2,294,155$1,729,712$4,940,907
59$5,965,031$2,340,897$1,721,986$5,338,183
60$6,505,725$2,387,862$1,711,934$5,773,407
61$7,099,436$2,434,994$1,699,410$6,250,396
62$7,751,504$2,482,235$1,684,266$6,773,359
63$8,467,813$2,529,519$1,666,345$7,346,933
64$9,254,843$2,576,780$1,645,481$7,976,227
65$10,119,735$2,623,940$1,621,502$8,666,871
66$11,070,354$2,670,919$1,594,229$9,425,071
67$12,115,366$2,717,630$1,563,472$10,257,662
68$13,264,319$2,763,979$1,529,033$11,172,178
69$14,527,729$2,809,864$1,490,706$12,176,922
70$15,917,187$2,855,177$1,448,274$13,281,043
71$17,445,460$2,899,800$1,401,511$14,494,622
72$19,126,615$2,943,609$1,350,180$15,828,770
73$20,976,153$2,986,468$1,294,033$17,295,731
74$23,011,149$3,028,234$1,232,812$18,908,997
75$25,250,422$3,068,753$1,166,247$20,683,438
76$27,714,702$3,107,859$1,094,053$22,635,440
77$30,426,834$3,145,377$1,015,937$24,783,060
78$33,411,989$3,181,118$931,588$27,146,200
79$36,697,900$3,214,881$840,685$29,746,791
80$40,315,128$3,246,452$742,890$32,609,000
81$44,297,345$3,275,602$637,851$35,759,462
82$48,681,656$3,302,088$525,200$39,227,531
83$53,508,945$3,325,651$404,554$43,045,552
84$58,824,262$3,346,013$275,512$47,249,176
85$64,677,251$3,362,881$137,656$51,877,686
86$71,122,611$3,375,943$0$56,974,377
87$78,220,618$3,384,865$0$62,588,275
88$86,037,693$3,389,295$0$68,791,109
89$94,647,024$3,388,857$0$75,621,778
90$104,129,262$3,383,153$0$83,144,209
91$114,573,278$3,371,758$0$91,428,849
92$126,077,003$3,354,225$0$100,553,331
93$138,748,350$3,330,075$0$110,603,202
94$152,706,238$3,298,805$0$121,672,736
95$168,081,705$3,259,877$0$133,865,819
96$185,019,151$3,212,723$0$147,296,937
97$203,677,701$3,156,743$0$162,092,247
98$224,232,700$3,091,297$0$178,390,776
99$246,877,374$3,015,710$0$196,345,732
100$271,824,654$2,929,267$0$216,125,948