Can I retire at age 44 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$138,733$137,497$136,291$135,115$133,966$132,018
2 years$68,680$67,401$66,161$64,959$63,793$61,835
3 years$45,332$44,047$42,810$41,620$40,473$38,565
4 years$33,660$32,379$31,155$29,985$28,866$27,023
5 years$26,659$25,386$24,178$23,031$21,943$20,171
6 years$21,993$20,729$19,539$18,418$17,363$15,663
7 years$18,661$17,408$16,237$15,143$14,121$12,494
8 years$16,164$14,922$13,770$12,703$11,714$10,161
9 years$14,222$12,993$11,860$10,820$9,865$8,384
10 years$12,670$11,452$10,340$9,327$8,406$6,995
11 years$11,401$10,195$9,103$8,117$7,229$5,888
12 years$10,344$9,151$8,079$7,120$6,265$4,992
13 years$9,450$8,270$7,218$6,286$5,463$4,256
14 years$8,685$7,517$6,485$5,580$4,789$3,646
15 years$8,022$6,867$5,855$4,976$4,216$3,136
16 years$7,443$6,300$5,309$4,456$3,726$2,707
17 years$6,932$5,802$4,831$4,003$3,304$2,342
18 years$6,479$5,361$4,410$3,608$2,938$2,032
19 years$6,074$4,969$4,037$3,260$2,619$1,766
20 years$5,710$4,617$3,705$2,953$2,339$1,538
21 years$5,381$4,301$3,408$2,680$2,093$1,341
22 years$5,082$4,015$3,141$2,436$1,876$1,171
23 years$4,810$3,755$2,900$2,219$1,684$1,024
24 years$4,560$3,518$2,682$2,024$1,514$896
25 years$4,331$3,302$2,484$1,848$1,362$785
26 years$4,120$3,103$2,304$1,690$1,227$688
27 years$3,925$2,920$2,139$1,547$1,106$603
28 years$3,744$2,752$1,989$1,417$998$529
29 years$3,576$2,596$1,851$1,300$901$465
30 years$3,420$2,452$1,724$1,193$814$408
31 years$3,274$2,318$1,607$1,095$736$359
32 years$3,137$2,193$1,500$1,007$666$315
33 years$3,009$2,077$1,400$926$603$277
34 years$2,888$1,968$1,308$852$546$244
35 years$2,775$1,867$1,223$784$494$214
36 years$2,668$1,772$1,144$722$448$189
37 years$2,567$1,683$1,071$665$406$166
38 years$2,472$1,599$1,003$613$368$146
39 years$2,382$1,521$940$565$334$129
40 years$2,297$1,447$881$522$303$113
41 years$2,216$1,377$826$481$275$100
42 years$2,139$1,312$775$444$249$88
43 years$2,066$1,250$727$410$226$77
44 years$1,996$1,191$682$379$205$68
45 years$1,930$1,136$641$350$186$60
46 years$1,866$1,084$602$323$169$53
47 years$1,806$1,034$565$298$154$46
48 years$1,748$987$531$276$140$41
49 years$1,693$943$499$255$127$36
50 years$1,640$901$469$235$115$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,680,000, adding $5,690 every year, while hoping to spend $56,942 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: 26/44/30 Blend
43$1,680,000$1,680,000$1,680,000$1,680,000
44$1,857,229$1,768,189$1,742,149$1,888,071
45$1,986,081$1,794,245$1,739,925$1,940,189
46$2,126,167$1,819,668$1,735,719$1,990,868
47$2,278,573$1,844,369$1,729,402$2,044,092
48$2,444,494$1,868,250$1,720,844$2,100,119
49$2,625,244$1,891,206$1,709,904$2,159,233
50$2,822,271$1,913,127$1,696,437$2,221,753
51$3,037,165$1,933,893$1,680,291$2,288,032
52$3,271,680$1,953,378$1,661,305$2,358,466
53$3,527,744$1,971,446$1,639,311$2,433,492
54$3,807,481$1,987,954$1,614,135$2,513,598
55$4,113,229$2,002,748$1,585,593$2,599,326
56$4,447,560$2,015,664$1,553,492$2,691,279
57$4,813,308$2,026,529$1,517,632$2,790,125
58$5,213,594$2,035,158$1,477,801$2,896,609
59$5,651,853$2,041,353$1,433,779$3,011,555
60$6,131,868$2,044,905$1,385,337$3,135,881
61$6,657,806$2,045,592$1,332,233$3,270,602
62$7,234,254$2,043,179$1,274,215$3,416,846
63$7,866,267$2,037,414$1,211,021$3,575,864
64$8,559,411$2,028,031$1,142,374$3,749,042
65$9,319,814$2,014,748$1,067,987$3,937,918
66$10,154,230$1,997,266$987,559$4,144,196
67$11,070,096$1,975,266$900,777$4,369,762
68$12,075,604$1,948,413$807,312$4,616,706
69$13,179,780$1,916,349$706,821$4,887,344
70$14,392,564$1,878,697$598,946$5,184,239
71$15,724,908$1,835,056$483,313$5,510,229
72$17,188,877$1,785,002$359,533$5,868,452
73$18,797,762$1,728,086$227,196$6,262,385
74$20,566,205$1,663,834$85,878$6,695,872
75$22,510,338$1,591,741$0$7,173,165
76$24,647,933$1,511,278$0$7,719,752
77$26,998,571$1,421,879$0$8,350,737
78$29,583,826$1,322,952$0$9,044,506
79$32,427,466$1,213,867$0$9,807,579
80$35,555,680$1,093,958$0$10,647,149
81$38,997,320$962,523$0$11,571,159
82$42,784,179$818,818$0$12,588,373
83$46,951,285$662,060$0$13,708,465
84$51,537,234$491,419$0$14,942,107
85$56,584,553$306,020$0$16,301,081
86$62,140,099$104,937$0$17,798,382
87$68,255,505$0$0$19,448,352
88$74,987,662$0$0$21,321,432
89$82,399,257$0$0$23,439,836
90$90,559,364$0$0$25,772,540
91$99,544,097$0$0$28,341,348
92$109,437,324$0$0$31,170,284
93$120,331,462$0$0$34,285,823
94$132,328,345$0$0$37,717,136
95$145,540,187$0$0$41,496,370
96$160,090,639$0$0$45,658,945
97$176,115,956$0$0$50,243,897
98$193,766,282$0$0$55,294,238
99$213,207,065$0$0$60,857,365
100$234,620,622$0$0$66,985,509