Can I retire at age 44 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$135,430$134,223$133,046$131,898$130,776$127,563
2 years$67,044$65,796$64,586$63,412$62,274$59,057
3 years$44,252$42,998$41,791$40,629$39,509$36,388
4 years$32,858$31,608$30,413$29,271$28,178$25,178
5 years$26,024$24,781$23,602$22,483$21,421$18,549
6 years$21,469$20,236$19,074$17,980$16,950$14,209
7 years$18,217$16,994$15,850$14,782$13,784$11,176
8 years$15,779$14,567$13,442$12,400$11,436$8,958
9 years$13,884$12,683$11,578$10,562$9,630$7,282
10 years$12,368$11,180$10,094$9,105$8,206$5,983
11 years$11,129$9,953$8,887$7,924$7,057$4,957
12 years$10,098$8,933$7,887$6,950$6,116$4,135
13 years$9,225$8,073$7,046$6,136$5,333$3,468
14 years$8,478$7,338$6,331$5,447$4,675$2,921
15 years$7,831$6,703$5,716$4,858$4,116$2,469
16 years$7,266$6,150$5,182$4,350$3,638$2,094
17 years$6,767$5,664$4,716$3,908$3,225$1,780
18 years$6,325$5,234$4,305$3,522$2,868$1,516
19 years$5,929$4,851$3,941$3,182$2,556$1,294
20 years$5,574$4,507$3,617$2,882$2,283$1,106
21 years$5,253$4,199$3,327$2,616$2,043$946
22 years$4,961$3,919$3,066$2,378$1,832$810
23 years$4,695$3,666$2,831$2,166$1,644$695
24 years$4,452$3,434$2,618$1,976$1,478$596
25 years$4,228$3,223$2,425$1,804$1,330$512
26 years$4,022$3,029$2,249$1,650$1,198$440
27 years$3,832$2,851$2,088$1,510$1,080$378
28 years$3,655$2,686$1,941$1,383$974$325
29 years$3,491$2,534$1,807$1,269$880$280
30 years$3,338$2,393$1,683$1,164$795$241
31 years$3,196$2,262$1,569$1,069$719$207
32 years$3,062$2,141$1,464$983$650$178
33 years$2,937$2,027$1,367$904$588$153
34 years$2,819$1,921$1,277$831$533$132
35 years$2,709$1,822$1,194$765$483$114
36 years$2,605$1,730$1,117$705$437$98
37 years$2,506$1,643$1,045$650$396$84
38 years$2,413$1,561$979$599$359$73
39 years$2,325$1,485$917$552$326$63
40 years$2,242$1,412$860$509$295$54
41 years$2,163$1,345$806$470$268$47
42 years$2,088$1,281$756$434$243$40
43 years$2,017$1,220$710$400$221$35
44 years$1,949$1,163$666$370$200$30
45 years$1,884$1,109$625$341$182$26
46 years$1,822$1,058$587$315$165$22
47 years$1,763$1,010$552$291$150$19
48 years$1,707$964$519$269$136$16
49 years$1,653$920$487$249$124$14
50 years$1,601$879$458$230$112$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,640,000, adding $5,560 every year, while hoping to spend $41,034 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: 57/36/7 Blend
43$1,640,000$1,640,000$1,640,000$1,640,000
44$1,813,015$1,726,095$1,700,675$1,913,257
45$1,954,283$1,767,014$1,713,988$2,022,268
46$2,108,585$1,808,562$1,726,371$2,135,885
47$2,277,206$1,850,728$1,737,751$2,258,660
48$2,461,564$1,893,497$1,748,049$2,391,473
49$2,663,218$1,936,852$1,757,182$2,535,291
50$2,883,882$1,980,774$1,765,064$2,691,178
51$3,125,449$2,025,243$1,771,604$2,860,308
52$3,389,999$2,070,234$1,776,707$3,043,971
53$3,679,824$2,115,721$1,780,272$3,243,591
54$3,997,449$2,161,674$1,782,194$3,460,734
55$4,345,654$2,208,060$1,782,362$3,697,127
56$4,727,500$2,254,845$1,780,661$3,954,671
57$5,146,359$2,301,987$1,776,968$4,235,460
58$5,605,948$2,349,444$1,771,156$4,541,803
59$6,110,355$2,397,168$1,763,091$4,876,241
60$6,664,090$2,445,107$1,752,633$5,241,577
61$7,272,115$2,493,206$1,739,634$5,640,897
62$7,939,901$2,541,402$1,723,941$6,077,602
63$8,673,470$2,589,630$1,705,393$6,555,439
64$9,479,459$2,637,818$1,683,819$7,078,538
65$10,365,181$2,685,888$1,659,044$7,651,449
66$11,338,689$2,733,756$1,630,881$8,279,188
67$12,408,857$2,781,331$1,599,137$8,967,279
68$13,585,461$2,828,517$1,563,609$9,721,813
69$14,879,272$2,875,209$1,524,084$10,549,499
70$16,302,156$2,921,293$1,480,339$11,457,735
71$17,867,189$2,966,649$1,432,143$12,454,669
72$19,588,775$3,011,147$1,379,253$13,549,285
73$21,482,785$3,054,648$1,321,413$14,751,480
74$23,566,706$3,097,004$1,258,358$16,072,164
75$25,859,807$3,138,054$1,189,810$17,523,360
76$28,383,318$3,177,628$1,115,478$19,118,317
77$31,160,629$3,215,545$1,035,060$20,871,640
78$34,217,516$3,251,609$948,237$22,799,420
79$37,582,378$3,285,614$854,678$24,919,397
80$41,286,508$3,317,337$754,038$27,251,116
81$45,364,388$3,346,542$645,953$29,816,123
82$49,854,010$3,372,977$530,048$32,638,161
83$54,797,242$3,396,376$405,927$35,743,398
84$60,240,214$3,416,452$273,179$39,160,674
85$66,233,760$3,432,902$131,375$42,921,773
86$72,833,892$3,445,402$0$47,061,725
87$80,102,332$3,453,611$0$51,620,629
88$88,107,094$3,457,162$0$56,650,110
89$96,923,123$3,455,668$0$62,187,277
90$106,633,004$3,448,718$0$68,283,848
91$117,327,739$3,435,874$0$74,996,821
92$129,107,611$3,416,674$0$82,389,011
93$142,083,120$3,390,624$0$90,529,645
94$156,376,038$3,357,204$0$99,495,013
95$172,120,547$3,315,861$0$109,369,192
96$189,464,512$3,266,007$0$120,244,841
97$208,570,873$3,207,022$0$132,224,074
98$229,619,184$3,138,248$0$145,419,428
99$252,807,306$3,058,987$0$159,954,924
100$278,353,276$2,968,502$0$175,967,241