Can I retire at age 44 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$158,552$157,140$155,762$154,417$153,103$151,379
2 years$78,491$77,029$75,612$74,239$72,906$71,170
3 years$51,808$50,339$48,926$47,566$46,255$44,561
4 years$38,468$37,005$35,606$34,268$32,989$31,351
5 years$30,467$29,012$27,632$26,321$25,078$23,499
6 years$25,135$23,691$22,330$21,049$19,843$18,327
7 years$21,327$19,895$18,557$17,306$16,138$14,684
8 years$18,473$17,054$15,738$14,517$13,388$11,997
9 years$16,254$14,849$13,555$12,366$11,275$9,946
10 years$14,480$13,088$11,817$10,659$9,607$8,339
11 years$13,029$11,652$10,404$9,277$8,262$7,054
12 years$11,822$10,458$9,233$8,137$7,160$6,011
13 years$10,800$9,451$8,249$7,184$6,243$5,152
14 years$9,926$8,591$7,412$6,377$5,473$4,437
15 years$9,168$7,848$6,692$5,687$4,819$3,838
16 years$8,506$7,200$6,067$5,092$4,259$3,330
17 years$7,923$6,631$5,521$4,575$3,776$2,898
18 years$7,405$6,127$5,040$4,123$3,358$2,529
19 years$6,942$5,679$4,614$3,726$2,993$2,211
20 years$6,525$5,277$4,234$3,374$2,673$1,937
21 years$6,149$4,915$3,895$3,062$2,392$1,699
22 years$5,808$4,588$3,590$2,784$2,144$1,493
23 years$5,497$4,291$3,314$2,536$1,925$1,313
24 years$5,212$4,021$3,065$2,313$1,730$1,156
25 years$4,950$3,773$2,839$2,112$1,557$1,019
26 years$4,709$3,546$2,633$1,931$1,402$899
27 years$4,486$3,337$2,445$1,768$1,264$793
28 years$4,279$3,145$2,273$1,620$1,141$701
29 years$4,087$2,967$2,115$1,485$1,030$619
30 years$3,908$2,802$1,970$1,363$931$547
31 years$3,741$2,649$1,837$1,252$841$484
32 years$3,585$2,506$1,714$1,151$761$428
33 years$3,438$2,373$1,600$1,058$689$379
34 years$3,301$2,249$1,495$973$624$336
35 years$3,171$2,134$1,398$896$565$297
36 years$3,049$2,025$1,308$825$512$263
37 years$2,934$1,923$1,224$760$464$233
38 years$2,825$1,828$1,146$701$421$207
39 years$2,723$1,738$1,074$646$381$183
40 years$2,625$1,654$1,006$596$346$162
41 years$2,532$1,574$944$550$314$144
42 years$2,444$1,499$885$508$285$128
43 years$2,361$1,428$831$469$258$113
44 years$2,281$1,362$780$433$235$100
45 years$2,205$1,298$732$400$213$89
46 years$2,133$1,239$688$369$193$79
47 years$2,064$1,182$646$341$176$70
48 years$1,998$1,128$607$315$159$62
49 years$1,935$1,078$571$291$145$55
50 years$1,875$1,029$536$269$132$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,920,000, adding $4,442 every year, while hoping to spend $59,113 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: 72/7/21 Blend
43$1,920,000$1,920,000$1,920,000$1,920,000
44$2,120,422$2,018,662$1,988,902$2,261,935
45$2,273,809$2,054,681$1,992,634$2,392,755
46$2,440,861$2,090,483$1,994,511$2,528,503
47$2,622,908$2,125,996$1,994,406$2,675,703
48$2,821,416$2,161,141$1,992,190$2,835,484
49$3,037,997$2,195,834$1,987,725$3,009,089
50$3,274,427$2,229,984$1,980,868$3,197,889
51$3,532,659$2,263,494$1,971,468$3,403,396
52$3,814,845$2,296,259$1,959,366$3,627,272
53$4,123,351$2,328,168$1,944,398$3,871,355
54$4,460,786$2,359,102$1,926,388$4,137,665
55$4,830,021$2,388,932$1,905,157$4,428,433
56$5,234,216$2,417,523$1,880,512$4,746,115
57$5,676,852$2,444,727$1,852,255$5,093,418
58$6,161,762$2,470,390$1,820,177$5,473,329
59$6,693,168$2,494,346$1,784,059$5,889,137
60$7,275,719$2,516,417$1,743,673$6,344,468
61$7,914,536$2,536,414$1,698,779$6,843,321
62$8,615,257$2,554,137$1,649,127$7,390,099
63$9,384,096$2,569,372$1,594,456$7,989,661
64$10,227,893$2,581,891$1,534,490$8,647,359
65$11,154,187$2,591,453$1,468,944$9,369,093
66$12,171,279$2,597,798$1,397,518$10,161,368
67$13,288,313$2,600,655$1,319,899$11,031,350
68$14,515,366$2,599,731$1,235,760$11,986,943
69$15,863,535$2,594,720$1,144,760$13,036,855
70$17,345,046$2,585,292$1,046,540$14,190,686
71$18,973,370$2,571,100$940,728$15,459,017
72$20,763,345$2,551,776$826,934$16,853,511
73$22,731,321$2,526,927$704,751$18,387,023
74$24,895,309$2,496,140$573,753$20,073,722
75$27,275,153$2,458,973$433,496$21,929,225
76$29,892,718$2,414,962$283,518$23,970,745
77$32,772,093$2,363,613$123,333$26,217,254
78$35,939,819$2,304,403$0$28,689,665
79$39,425,140$2,236,778$0$31,421,694
80$43,260,276$2,160,152$0$34,458,261
81$47,480,730$2,073,905$0$37,799,824
82$52,125,620$1,977,382$0$41,477,372
83$57,238,046$1,869,887$0$45,525,051
84$62,865,502$1,750,687$0$49,980,490
85$69,060,318$1,619,005$0$54,885,151
86$75,880,155$1,474,020$0$60,284,724
87$83,388,549$1,314,865$0$66,229,557
88$91,655,510$1,140,623$0$72,775,130
89$100,758,184$950,325$0$79,982,581
90$110,781,575$742,948$0$87,919,280
91$121,819,353$517,410$0$96,659,468
92$133,974,733$272,569$0$106,284,956
93$147,361,451$7,220$0$116,885,896
94$162,104,835$0$0$128,561,634
95$178,342,988$0$0$141,443,207
96$196,228,092$0$0$155,632,035
97$215,927,842$0$0$171,260,614
98$237,627,027$0$0$188,475,562
99$261,529,277$0$0$207,438,446
100$287,858,981$0$0$228,327,302