Can I retire at age 44 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$162,681$161,232$159,818$158,438$157,091$152,001
2 years$80,535$79,035$77,582$76,172$74,805$69,725
3 years$53,157$51,650$50,200$48,804$47,459$42,549
4 years$39,470$37,968$36,533$35,161$33,848$29,144
5 years$31,260$29,768$28,351$27,007$25,731$21,246
6 years$25,789$24,308$22,912$21,598$20,360$16,098
7 years$21,883$20,413$19,040$17,757$16,558$12,519
8 years$18,954$17,498$16,147$14,896$13,737$9,917
9 years$16,677$15,235$13,908$12,688$11,568$7,964
10 years$14,857$13,429$12,125$10,937$9,857$6,462
11 years$13,369$11,955$10,675$9,518$8,477$5,286
12 years$12,129$10,730$9,474$8,349$7,346$4,351
13 years$11,082$9,697$8,464$7,371$6,406$3,600
14 years$10,184$8,814$7,605$6,543$5,615$2,991
15 years$9,407$8,052$6,866$5,835$4,944$2,493
16 years$8,728$7,388$6,225$5,225$4,370$2,084
17 years$8,129$6,804$5,665$4,694$3,875$1,746
18 years$7,598$6,287$5,171$4,231$3,445$1,465
19 years$7,122$5,827$4,734$3,823$3,071$1,232
20 years$6,695$5,414$4,345$3,462$2,743$1,037
21 years$6,310$5,043$3,996$3,142$2,454$873
22 years$5,959$4,708$3,683$2,857$2,200$737
23 years$5,640$4,403$3,401$2,602$1,975$622
24 years$5,347$4,125$3,145$2,373$1,775$525
25 years$5,079$3,871$2,913$2,167$1,597$444
26 years$4,831$3,639$2,702$1,982$1,439$375
27 years$4,603$3,424$2,509$1,814$1,297$317
28 years$4,391$3,227$2,332$1,662$1,170$268
29 years$4,194$3,044$2,170$1,524$1,057$227
30 years$4,010$2,875$2,022$1,399$955$192
31 years$3,839$2,718$1,885$1,285$863$163
32 years$3,678$2,571$1,758$1,180$781$138
33 years$3,528$2,435$1,642$1,086$707$117
34 years$3,387$2,308$1,534$999$640$99
35 years$3,254$2,189$1,434$919$580$84
36 years$3,129$2,078$1,342$847$525$71
37 years$3,011$1,973$1,256$780$476$60
38 years$2,899$1,875$1,176$719$432$51
39 years$2,793$1,783$1,102$663$391$43
40 years$2,693$1,697$1,033$612$355$37
41 years$2,598$1,615$968$564$322$31
42 years$2,508$1,538$908$521$292$26
43 years$2,422$1,466$852$481$265$22
44 years$2,341$1,397$800$444$241$19
45 years$2,263$1,332$751$410$219$16
46 years$2,189$1,271$706$379$198$14
47 years$2,118$1,213$663$350$180$11
48 years$2,050$1,158$623$323$164$10
49 years$1,985$1,106$586$299$149$8
50 years$1,923$1,056$550$276$135$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,970,000, adding $5,577 every year, while hoping to spend $33,165 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: 65/9/26 Blend
43$1,970,000$1,970,000$1,970,000$1,970,000
44$2,176,693$2,072,283$2,041,748$2,302,990
45$2,363,428$2,138,537$2,074,859$2,455,161
46$2,568,099$2,206,927$2,107,968$2,617,208
47$2,792,499$2,277,521$2,141,039$2,793,589
48$3,038,606$2,350,391$2,174,036$2,985,715
49$3,308,596$2,425,612$2,206,918$3,195,143
50$3,604,867$2,503,261$2,239,644$3,423,586
51$3,930,059$2,583,416$2,272,167$3,672,931
52$4,287,081$2,666,160$2,304,442$3,945,257
53$4,679,139$2,751,578$2,336,416$4,242,854
54$5,109,762$2,839,756$2,368,037$4,568,244
55$5,582,840$2,930,786$2,399,248$4,924,207
56$6,102,655$3,024,760$2,429,989$5,313,804
57$6,673,929$3,121,776$2,460,196$5,740,407
58$7,301,859$3,221,933$2,489,802$6,207,733
59$7,992,175$3,325,334$2,518,737$6,719,876
60$8,751,187$3,432,085$2,546,925$7,281,345
61$9,585,849$3,542,298$2,574,287$7,897,111
62$10,503,820$3,656,085$2,600,740$8,572,650
63$11,513,541$3,773,564$2,626,196$9,313,994
64$12,624,311$3,894,858$2,650,562$10,127,792
65$13,846,375$4,020,091$2,673,741$11,021,367
66$15,191,024$4,149,393$2,695,630$12,002,792
67$16,670,694$4,282,900$2,716,119$13,080,960
68$18,299,092$4,420,749$2,735,096$14,265,670
69$20,091,318$4,563,084$2,752,441$15,567,720
70$22,064,011$4,710,054$2,768,026$16,999,009
71$24,235,505$4,861,812$2,781,720$18,572,649
72$26,626,003$5,018,516$2,793,384$20,303,089
73$29,257,762$5,180,331$2,802,869$22,206,248
74$32,155,313$5,347,426$2,810,024$24,299,672
75$35,345,681$5,519,976$2,814,686$26,602,693
76$38,858,648$5,698,163$2,816,686$29,136,615
77$42,727,031$5,882,174$2,815,846$31,924,915
78$46,986,990$6,072,202$2,811,979$34,993,463
79$51,678,372$6,268,449$2,804,888$38,370,768
80$56,845,084$6,471,121$2,794,370$42,088,245
81$62,535,509$6,680,432$2,780,208$46,180,514
82$68,802,963$6,896,605$2,762,177$50,685,725
83$75,706,195$7,119,869$2,740,040$55,645,918
84$83,309,945$7,350,461$2,713,550$61,107,423
85$91,685,552$7,588,626$2,682,446$67,121,293
86$100,911,627$7,834,617$2,646,457$73,743,789
87$111,074,798$8,088,698$2,605,298$81,036,911
88$122,270,522$8,351,140$2,558,670$89,068,981
89$134,603,993$8,622,223$2,506,263$97,915,292
90$148,191,127$8,902,238$2,447,750$107,658,815
91$163,159,660$9,191,487$2,382,788$118,390,984
92$179,650,355$9,490,279$2,311,021$130,212,560
93$197,818,326$9,798,937$2,232,074$143,234,584
94$217,834,504$10,117,793$2,145,557$157,579,418
95$239,887,251$10,447,193$2,051,062$173,381,912
96$264,184,138$10,787,493$1,948,160$190,790,665
97$290,953,902$11,139,062$1,836,404$209,969,438
98$320,448,605$11,502,281$1,715,329$231,098,694
99$352,946,017$11,877,547$1,584,447$254,377,306
100$388,752,231$12,265,267$1,443,247$280,024,431