Can I retire at age 44 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$161,855$160,413$159,007$157,634$156,293$152,639
2 years$80,126$78,634$77,188$75,785$74,425$70,764
3 years$52,887$51,388$49,946$48,556$47,218$43,665
4 years$39,270$37,776$36,348$34,982$33,677$30,259
5 years$31,102$29,617$28,207$26,870$25,600$22,327
6 years$25,658$24,184$22,796$21,488$20,257$17,132
7 years$21,771$20,310$18,943$17,666$16,474$13,498
8 years$18,858$17,409$16,065$14,820$13,667$10,838
9 years$16,593$15,158$13,837$12,623$11,510$8,825
10 years$14,782$13,361$12,064$10,881$9,807$7,265
11 years$13,301$11,894$10,621$9,470$8,434$6,031
12 years$12,068$10,676$9,425$8,307$7,309$5,040
13 years$11,025$9,648$8,421$7,333$6,373$4,236
14 years$10,132$8,770$7,566$6,510$5,587$3,575
15 years$9,359$8,011$6,831$5,806$4,919$3,029
16 years$8,684$7,350$6,194$5,198$4,348$2,574
17 years$8,088$6,769$5,636$4,671$3,855$2,192
18 years$7,559$6,255$5,145$4,209$3,428$1,872
19 years$7,086$5,797$4,710$3,803$3,055$1,601
20 years$6,661$5,387$4,323$3,445$2,729$1,371
21 years$6,278$5,018$3,976$3,126$2,442$1,176
22 years$5,929$4,684$3,664$2,842$2,189$1,010
23 years$5,611$4,381$3,383$2,589$1,965$868
24 years$5,320$4,104$3,129$2,361$1,766$746
25 years$5,053$3,852$2,898$2,156$1,589$642
26 years$4,807$3,620$2,688$1,972$1,431$553
27 years$4,579$3,407$2,496$1,805$1,291$477
28 years$4,368$3,210$2,320$1,653$1,165$411
29 years$4,172$3,029$2,159$1,516$1,052$354
30 years$3,990$2,860$2,011$1,392$950$306
31 years$3,819$2,704$1,875$1,278$859$264
32 years$3,660$2,558$1,749$1,174$777$228
33 years$3,510$2,423$1,633$1,080$703$196
34 years$3,370$2,296$1,526$994$637$170
35 years$3,237$2,178$1,427$915$577$146
36 years$3,113$2,067$1,335$843$522$126
37 years$2,995$1,963$1,249$776$474$109
38 years$2,884$1,866$1,170$715$429$94
39 years$2,779$1,774$1,096$660$389$81
40 years$2,680$1,688$1,027$608$353$70
41 years$2,585$1,607$963$561$320$61
42 years$2,495$1,530$904$518$291$53
43 years$2,410$1,458$848$478$264$45
44 years$2,329$1,390$796$442$239$39
45 years$2,251$1,325$747$408$217$34
46 years$2,178$1,264$702$377$197$29
47 years$2,107$1,207$660$348$179$25
48 years$2,040$1,152$620$322$163$22
49 years$1,975$1,100$583$297$148$19
50 years$1,914$1,051$548$275$134$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,960,000, adding $6,995 every year, while hoping to spend $51,286 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: 58/26/16 Blend
43$1,960,000$1,960,000$1,960,000$1,960,000
44$2,167,135$2,063,255$2,032,875$2,283,477
45$2,333,615$2,109,787$2,046,409$2,409,587
46$2,515,357$2,156,880$2,058,677$2,540,755
47$2,713,864$2,204,507$2,069,582$2,682,562
48$2,930,789$2,252,639$2,079,025$2,836,043
49$3,167,954$2,301,243$2,086,897$3,002,333
50$3,427,365$2,350,283$2,093,087$3,182,687
51$3,711,228$2,399,719$2,097,477$3,378,484
52$4,021,974$2,449,506$2,099,944$3,591,248
53$4,362,281$2,499,597$2,100,357$3,822,654
54$4,735,096$2,549,940$2,098,582$4,074,550
55$5,143,666$2,600,478$2,094,475$4,348,971
56$5,591,567$2,651,147$2,087,886$4,648,162
57$6,082,735$2,701,882$2,078,659$4,974,596
58$6,621,509$2,752,609$2,066,629$5,330,997
59$7,212,665$2,803,249$2,051,623$5,720,370
60$7,861,466$2,853,717$2,033,461$6,146,024
61$8,573,707$2,903,921$2,011,954$6,611,607
62$9,355,773$2,953,762$1,986,903$7,121,142
63$10,214,698$3,003,132$1,958,100$7,679,060
64$11,158,230$3,051,918$1,925,329$8,290,247
65$12,194,903$3,099,996$1,888,361$8,960,086
66$13,334,121$3,147,233$1,846,958$9,694,512
67$14,586,242$3,193,488$1,800,872$10,500,067
68$15,962,678$3,238,609$1,749,841$11,383,961
69$17,476,003$3,282,433$1,693,593$12,354,140
70$19,140,069$3,324,786$1,631,842$13,419,364
71$20,970,138$3,365,482$1,564,290$14,589,288
72$22,983,023$3,404,322$1,490,625$15,874,554
73$25,197,252$3,441,094$1,410,522$17,286,890
74$27,633,236$3,475,571$1,323,638$18,839,227
75$30,313,465$3,507,513$1,229,619$20,545,813
76$33,262,719$3,536,662$1,128,092$22,422,356
77$36,508,301$3,562,743$1,018,668$24,486,169
78$40,080,295$3,585,465$900,940$26,756,333
79$44,011,849$3,604,517$774,486$29,253,880
80$48,339,488$3,619,568$638,861$32,001,993
81$53,103,456$3,630,268$493,604$35,026,223
82$58,348,100$3,636,242$338,231$38,354,732
83$64,122,282$3,637,093$172,237$42,018,560
84$70,479,845$3,632,401$0$46,051,919
85$77,480,117$3,621,717$0$50,493,357
86$85,188,474$3,604,566$0$55,415,029
87$93,676,954$3,580,445$0$60,833,407
88$103,024,934$3,548,818$0$66,799,079
89$113,319,886$3,509,119$0$73,367,798
90$124,658,195$3,460,747$0$80,601,006
91$137,146,072$3,403,064$0$88,566,413
92$150,900,553$3,335,396$0$97,338,641
93$166,050,607$3,257,028$0$106,999,925
94$182,738,350$3,167,203$0$117,640,893
95$201,120,386$3,065,120$0$129,361,420
96$221,369,285$2,949,931$0$142,271,576
97$243,675,212$2,820,738$0$156,492,661
98$268,247,722$2,676,592$0$172,158,352
99$295,317,733$2,516,489$0$189,415,970
100$325,139,710$2,339,365$0$208,427,868