Can I retire at age 44 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$160,203$158,776$157,384$156,025$154,698$150,047
2 years$79,309$77,832$76,400$75,012$73,666$69,019
3 years$52,347$50,864$49,436$48,061$46,737$42,240
4 years$38,869$37,390$35,977$34,625$33,333$29,021
5 years$30,784$29,314$27,919$26,596$25,339$21,223
6 years$25,396$23,937$22,563$21,269$20,050$16,134
7 years$21,549$20,103$18,750$17,486$16,306$12,589
8 years$18,665$17,232$15,901$14,669$13,527$10,008
9 years$16,423$15,003$13,696$12,494$11,392$8,067
10 years$14,631$13,225$11,940$10,770$9,707$6,570
11 years$13,165$11,773$10,512$9,373$8,348$5,395
12 years$11,945$10,567$9,329$8,222$7,234$4,459
13 years$10,913$9,549$8,335$7,259$6,308$3,704
14 years$10,029$8,680$7,489$6,443$5,530$3,090
15 years$9,264$7,929$6,762$5,746$4,869$2,587
16 years$8,595$7,275$6,130$5,145$4,303$2,172
17 years$8,005$6,700$5,578$4,623$3,816$1,827
18 years$7,482$6,191$5,092$4,166$3,393$1,540
19 years$7,014$5,738$4,662$3,765$3,024$1,301
20 years$6,593$5,332$4,278$3,409$2,701$1,100
21 years$6,213$4,967$3,935$3,094$2,417$931
22 years$5,868$4,636$3,627$2,813$2,167$789
23 years$5,554$4,336$3,349$2,562$1,945$669
24 years$5,266$4,063$3,097$2,337$1,748$568
25 years$5,002$3,813$2,869$2,134$1,573$482
26 years$4,758$3,583$2,660$1,951$1,417$409
27 years$4,533$3,372$2,470$1,786$1,277$348
28 years$4,324$3,178$2,297$1,637$1,153$296
29 years$4,130$2,998$2,137$1,501$1,041$252
30 years$3,949$2,831$1,991$1,377$940$214
31 years$3,780$2,676$1,856$1,265$850$182
32 years$3,622$2,532$1,732$1,163$769$155
33 years$3,474$2,398$1,617$1,069$696$132
34 years$3,335$2,273$1,511$984$630$112
35 years$3,204$2,156$1,412$905$571$95
36 years$3,081$2,046$1,321$834$517$81
37 years$2,965$1,943$1,237$768$469$69
38 years$2,855$1,847$1,158$708$425$59
39 years$2,751$1,756$1,085$653$385$50
40 years$2,652$1,671$1,017$602$350$43
41 years$2,559$1,591$954$556$317$36
42 years$2,470$1,515$894$513$288$31
43 years$2,385$1,443$839$473$261$26
44 years$2,305$1,376$788$437$237$22
45 years$2,228$1,312$740$404$215$19
46 years$2,155$1,251$695$373$195$16
47 years$2,086$1,194$653$345$177$14
48 years$2,019$1,140$613$318$161$12
49 years$1,955$1,089$577$294$146$10
50 years$1,894$1,040$542$272$133$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,940,000, adding $4,132 every year, while hoping to spend $45,633 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: 76/12/12 Blend
43$1,940,000$1,940,000$1,940,000$1,940,000
44$2,142,142$2,039,322$2,009,252$2,299,612
45$2,312,087$2,090,696$2,028,009$2,455,354
46$2,497,838$2,143,057$2,045,865$2,619,864
47$2,700,957$2,196,407$2,062,741$2,798,927
48$2,923,167$2,250,743$2,078,555$2,993,975
49$3,166,364$2,306,064$2,093,221$3,206,587
50$3,432,636$2,362,363$2,106,646$3,438,498
51$3,724,281$2,419,636$2,118,736$3,691,622
52$4,043,832$2,477,872$2,129,387$3,968,065
53$4,394,077$2,537,062$2,138,496$4,270,149
54$4,778,087$2,597,192$2,145,950$4,600,430
55$5,199,244$2,658,247$2,151,631$4,961,724
56$5,661,274$2,720,207$2,155,417$5,357,135
57$6,168,279$2,783,053$2,157,179$5,790,079
58$6,724,780$2,846,759$2,156,781$6,264,324
59$7,335,755$2,911,297$2,154,080$6,784,017
60$8,006,688$2,976,637$2,148,928$7,353,729
61$8,743,621$3,042,743$2,141,169$7,978,498
62$9,553,210$3,109,577$2,130,637$8,663,870
63$10,442,785$3,177,094$2,117,161$9,415,962
64$11,420,423$3,245,246$2,100,560$10,241,508
65$12,495,024$3,313,981$2,080,647$11,147,931
66$13,676,391$3,383,240$2,057,222$12,143,411
67$14,975,323$3,452,959$2,030,080$13,236,959
68$16,403,721$3,523,069$1,999,002$14,438,506
69$17,974,694$3,593,492$1,963,762$15,758,995
70$19,702,686$3,664,147$1,924,122$17,210,483
71$21,603,613$3,734,944$1,879,833$18,806,256
72$23,695,009$3,805,783$1,830,635$20,560,957
73$25,996,194$3,876,561$1,776,255$22,490,720
74$28,528,455$3,947,161$1,716,409$24,613,323
75$31,315,247$4,017,462$1,650,798$26,948,358
76$34,382,414$4,087,329$1,579,112$29,517,415
77$37,758,432$4,156,620$1,501,023$32,344,285
78$41,474,677$4,225,180$1,416,193$35,455,185
79$45,565,724$4,292,843$1,324,265$38,879,007
80$50,069,667$4,359,431$1,224,867$42,647,588
81$55,028,483$4,424,754$1,117,611$46,796,013
82$60,488,428$4,488,607$1,002,090$51,362,945
83$66,500,469$4,550,770$877,882$56,390,992
84$73,120,768$4,611,009$744,542$61,927,105
85$80,411,212$4,669,073$601,609$68,023,028
86$88,439,992$4,724,694$448,599$74,735,780
87$97,282,253$4,777,586$285,009$82,128,197
88$107,020,798$4,827,443$110,313$90,269,525
89$117,746,871$4,873,940$0$99,236,075
90$129,561,018$4,916,728$0$109,121,686
91$142,574,032$4,955,438$0$120,024,993
92$156,908,004$4,989,675$0$132,034,057
93$172,697,470$5,019,020$0$145,261,505
94$190,090,685$5,043,025$0$159,831,444
95$209,251,018$5,061,215$0$175,880,640
96$230,358,493$5,073,086$0$193,559,803
97$253,611,493$5,078,101$0$213,035,014
98$279,228,626$5,075,689$0$234,489,291
99$307,450,793$5,065,245$0$258,124,316
100$338,543,458$5,046,126$0$284,162,339