Can I retire at age 44 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$133,778$132,586$131,424$130,289$129,181$128,421
2 years$66,227$64,993$63,798$62,639$61,515$60,748
3 years$43,713$42,474$41,282$40,133$39,028$38,277
4 years$32,458$31,223$30,042$28,914$27,835$27,107
5 years$25,707$24,479$23,314$22,209$21,160$20,457
6 years$21,207$19,989$18,841$17,760$16,743$16,066
7 years$17,995$16,787$15,657$14,602$13,616$12,966
8 years$15,586$14,389$13,279$12,249$11,296$10,672
9 years$13,714$12,528$11,437$10,434$9,513$8,915
10 years$12,217$11,043$9,971$8,994$8,106$7,533
11 years$10,994$9,831$8,778$7,827$6,971$6,424
12 years$9,974$8,824$7,790$6,866$6,041$5,519
13 years$9,113$7,974$6,960$6,061$5,268$4,770
14 years$8,375$7,248$6,254$5,381$4,618$4,144
15 years$7,736$6,622$5,646$4,798$4,066$3,615
16 years$7,177$6,075$5,119$4,297$3,593$3,165
17 years$6,685$5,595$4,658$3,860$3,186$2,780
18 years$6,248$5,170$4,252$3,479$2,833$2,448
19 years$5,857$4,791$3,893$3,144$2,525$2,160
20 years$5,506$4,452$3,573$2,847$2,255$1,910
21 years$5,189$4,147$3,286$2,584$2,018$1,692
22 years$4,900$3,871$3,029$2,349$1,809$1,501
23 years$4,638$3,621$2,797$2,140$1,624$1,334
24 years$4,397$3,392$2,586$1,951$1,460$1,186
25 years$4,177$3,184$2,395$1,782$1,314$1,056
26 years$3,973$2,992$2,222$1,630$1,183$941
27 years$3,785$2,816$2,063$1,492$1,067$839
28 years$3,611$2,653$1,918$1,367$963$749
29 years$3,449$2,503$1,785$1,253$869$669
30 years$3,298$2,364$1,662$1,150$785$598
31 years$3,157$2,235$1,550$1,056$710$534
32 years$3,025$2,115$1,446$971$642$478
33 years$2,901$2,003$1,350$893$581$427
34 years$2,785$1,898$1,261$821$526$383
35 years$2,676$1,800$1,179$756$477$342
36 years$2,573$1,709$1,103$696$432$307
37 years$2,476$1,623$1,033$642$391$275
38 years$2,384$1,542$967$591$355$246
39 years$2,297$1,467$906$545$322$221
40 years$2,215$1,395$849$503$292$198
41 years$2,137$1,328$796$464$265$177
42 years$2,062$1,265$747$428$240$159
43 years$1,992$1,205$701$395$218$142
44 years$1,925$1,149$658$365$198$128
45 years$1,861$1,095$618$337$180$115
46 years$1,800$1,045$580$311$163$103
47 years$1,742$997$545$288$148$92
48 years$1,686$952$512$266$135$83
49 years$1,633$909$481$246$122$74
50 years$1,582$868$453$227$111$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,620,000, adding $5,104 every year, while hoping to spend $58,630 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: 71/24/5 Blend
43$1,620,000$1,620,000$1,620,000$1,620,000
44$1,790,505$1,704,645$1,679,535$1,916,426
45$1,910,754$1,725,791$1,673,417$2,021,327
46$2,041,304$1,746,007$1,665,130$2,128,302
47$2,183,144$1,765,188$1,654,538$2,243,736
48$2,337,360$1,783,217$1,641,500$2,368,442
49$2,505,149$1,799,974$1,625,869$2,503,320
50$2,687,829$1,815,327$1,607,490$2,649,359
51$2,886,847$1,829,137$1,586,201$2,807,648
52$3,103,798$1,841,258$1,561,831$2,979,390
53$3,340,436$1,851,531$1,534,204$3,165,909
54$3,598,693$1,859,788$1,503,132$3,368,665
55$3,880,695$1,865,853$1,468,422$3,589,265
56$4,188,782$1,869,535$1,429,870$3,829,483
57$4,525,529$1,870,634$1,387,262$4,091,273
58$4,893,773$1,868,936$1,340,376$4,376,789
59$5,296,638$1,864,213$1,288,978$4,688,406
60$5,737,561$1,856,226$1,232,825$5,028,741
61$6,220,330$1,844,718$1,171,662$5,400,679
62$6,749,113$1,829,419$1,105,222$5,807,402
63$7,328,503$1,810,041$1,033,228$6,252,415
64$7,963,557$1,786,279$955,387$6,739,584
65$8,659,843$1,757,811$871,396$7,273,169
66$9,423,498$1,724,294$780,938$7,857,869
67$10,261,276$1,685,365$683,681$8,498,860
68$11,180,619$1,640,642$579,278$9,201,852
69$12,189,726$1,589,717$467,367$9,973,137
70$13,297,624$1,532,159$347,570$10,819,654
71$14,514,262$1,467,515$219,494$11,749,049
72$15,850,596$1,395,302$82,726$12,769,753
73$17,318,696$1,315,011$0$13,891,060
74$18,931,859$1,226,103$0$15,126,590
75$20,704,734$1,128,008$0$16,489,192
76$22,653,461$1,020,124$0$17,986,924
77$24,795,818$901,814$0$19,633,537
78$27,151,394$772,406$0$21,444,188
79$29,741,770$631,188$0$23,435,584
80$32,590,725$477,410$0$25,626,141
81$35,724,454$310,278$0$28,036,155
82$39,171,822$128,956$0$30,688,001
83$42,964,632$0$0$33,606,337
84$47,137,922$0$0$36,836,157
85$51,730,301$0$0$40,427,893
86$56,784,309$0$0$44,380,771
87$62,346,817$0$0$48,731,464
88$68,469,472$0$0$53,520,379
89$75,209,182$0$0$58,792,040
90$82,628,650$0$0$64,595,507
91$90,796,970$0$0$70,984,837
92$99,790,274$0$0$78,019,598
93$109,692,455$0$0$85,765,425
94$120,595,950$0$0$94,294,643
95$132,602,620$0$0$103,686,948
96$145,824,706$0$0$114,030,156
97$160,385,888$0$0$125,421,037
98$176,422,452$0$0$137,966,221
99$194,084,579$0$0$151,783,210
100$213,537,754$0$0$167,001,481