Can I retire at age 44 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$161,029$159,595$158,195$156,829$155,496$153,299
2 years$79,717$78,233$76,794$75,399$74,046$71,836
3 years$52,617$51,126$49,691$48,309$46,978$44,825
4 years$39,070$37,583$36,162$34,804$33,505$31,425
5 years$30,943$29,466$28,063$26,733$25,470$23,469
6 years$25,527$24,061$22,679$21,378$20,153$18,234
7 years$21,660$20,206$18,847$17,576$16,390$14,553
8 years$18,761$17,320$15,983$14,744$13,597$11,842
9 years$16,508$15,081$13,767$12,559$11,451$9,777
10 years$14,706$13,293$12,002$10,826$9,757$8,162
11 years$13,233$11,834$10,566$9,422$8,391$6,875
12 years$12,006$10,621$9,377$8,264$7,271$5,832
13 years$10,969$9,599$8,378$7,296$6,341$4,976
14 years$10,081$8,725$7,528$6,477$5,558$4,266
15 years$9,312$7,970$6,797$5,776$4,894$3,672
16 years$8,639$7,313$6,162$5,172$4,325$3,171
17 years$8,047$6,735$5,607$4,647$3,835$2,746
18 years$7,520$6,223$5,119$4,188$3,410$2,384
19 years$7,050$5,768$4,686$3,784$3,039$2,074
20 years$6,627$5,359$4,300$3,427$2,715$1,807
21 years$6,245$4,992$3,956$3,110$2,430$1,577
22 years$5,899$4,660$3,646$2,828$2,178$1,378
23 years$5,583$4,358$3,366$2,575$1,955$1,206
24 years$5,293$4,084$3,113$2,349$1,757$1,056
25 years$5,027$3,832$2,883$2,145$1,581$926
26 years$4,782$3,602$2,674$1,961$1,424$812
27 years$4,556$3,390$2,483$1,795$1,284$713
28 years$4,346$3,194$2,308$1,645$1,159$626
29 years$4,151$3,013$2,148$1,508$1,046$550
30 years$3,969$2,846$2,001$1,384$945$483
31 years$3,800$2,690$1,865$1,271$855$425
32 years$3,641$2,545$1,741$1,169$773$374
33 years$3,492$2,410$1,625$1,075$700$329
34 years$3,352$2,285$1,518$989$633$290
35 years$3,221$2,167$1,420$910$574$255
36 years$3,097$2,057$1,328$838$520$225
37 years$2,980$1,953$1,243$772$471$198
38 years$2,870$1,856$1,164$712$427$174
39 years$2,765$1,765$1,091$656$387$153
40 years$2,666$1,679$1,022$605$351$135
41 years$2,572$1,599$958$559$319$119
42 years$2,483$1,523$899$515$289$105
43 years$2,398$1,451$844$476$262$93
44 years$2,317$1,383$792$439$238$82
45 years$2,240$1,319$744$406$216$72
46 years$2,166$1,258$698$375$196$63
47 years$2,096$1,200$656$346$178$56
48 years$2,029$1,146$617$320$162$49
49 years$1,965$1,094$580$296$147$43
50 years$1,904$1,045$545$273$134$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,950,000, adding $6,306 every year, while hoping to spend $53,611 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: 61/30/9 Blend
43$1,950,000$1,950,000$1,950,000$1,950,000
44$2,155,405$2,052,055$2,021,830$2,282,228
45$2,318,214$2,095,564$2,032,519$2,411,438
46$2,495,834$2,139,408$2,041,770$2,545,639
47$2,689,717$2,183,547$2,049,478$2,690,727
48$2,901,464$2,227,937$2,055,531$2,847,753
49$3,132,838$2,272,530$2,059,816$3,017,877
50$3,385,777$2,317,274$2,062,210$3,202,374
51$3,662,418$2,362,113$2,062,586$3,402,651
52$3,965,113$2,406,984$2,060,810$3,620,257
53$4,296,449$2,451,821$2,056,742$3,856,899
54$4,659,280$2,496,553$2,050,236$4,114,456
55$5,056,743$2,541,101$2,041,135$4,395,002
56$5,492,298$2,585,381$2,029,280$4,700,819
57$5,969,752$2,629,305$2,014,501$5,034,423
58$6,493,299$2,672,773$1,996,619$5,398,586
59$7,067,559$2,715,682$1,975,449$5,796,365
60$7,697,619$2,757,921$1,950,796$6,231,125
61$8,389,085$2,799,367$1,922,457$6,706,578
62$9,148,129$2,839,893$1,890,216$7,226,813
63$9,981,551$2,879,361$1,853,851$7,796,338
64$10,896,842$2,917,623$1,813,128$8,420,119
65$11,902,254$2,954,520$1,767,802$9,103,631
66$13,006,877$2,989,884$1,717,616$9,852,909
67$14,220,724$3,023,535$1,662,302$10,674,602
68$15,554,830$3,055,280$1,601,581$11,576,040
69$17,021,347$3,084,913$1,535,159$12,565,303
70$18,633,667$3,112,216$1,462,729$13,651,294
71$20,406,541$3,136,955$1,383,971$14,843,828
72$22,356,225$3,158,882$1,298,550$16,153,721
73$24,500,625$3,177,733$1,206,117$17,592,896
74$26,859,472$3,193,225$1,106,305$19,174,493
75$29,454,505$3,205,059$998,732$20,912,998
76$32,309,674$3,212,918$883,000$22,824,372
77$35,451,372$3,216,461$758,692$24,926,213
78$38,908,675$3,215,331$625,371$27,237,912
79$42,713,624$3,209,146$482,585$29,780,846
80$46,901,519$3,197,500$329,857$32,578,574
81$51,511,259$3,179,962$166,692$35,657,063
82$56,585,705$3,156,078$0$39,044,934
83$62,172,084$3,125,363$0$42,774,445
84$68,322,434$3,087,304$0$46,896,780
85$75,094,098$3,041,357$0$51,434,290
86$82,550,258$2,986,946$0$56,429,265
87$90,760,539$2,923,460$0$61,928,318
88$99,801,658$2,850,254$0$67,982,814
89$109,758,153$2,766,642$0$74,649,367
90$120,723,177$2,671,900$0$81,990,369
91$132,799,379$2,565,261$0$90,074,579
92$146,099,870$2,445,914$0$98,977,779
93$160,749,293$2,312,999$0$108,783,484
94$176,884,995$2,165,610$0$119,583,738
95$194,658,325$2,002,786$0$131,479,978
96$214,236,063$1,823,512$0$144,583,997
97$235,801,993$1,626,715$0$159,019,000
98$259,558,633$1,411,261$0$174,920,767
99$285,729,153$1,175,952$0$192,438,941
100$314,559,476$919,523$0$211,738,437