Can I retire at age 44 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$163,507$162,050$160,629$159,242$157,888$153,202
2 years$80,944$79,436$77,975$76,559$75,185$70,503
3 years$53,427$51,913$50,455$49,052$47,700$43,169
4 years$39,671$38,161$36,718$35,339$34,020$29,674
5 years$31,419$29,919$28,495$27,144$25,862$21,712
6 years$25,920$24,431$23,028$21,707$20,463$16,515
7 years$21,994$20,517$19,137$17,847$16,642$12,894
8 years$19,050$17,587$16,229$14,971$13,806$10,256
9 years$16,762$15,313$13,978$12,752$11,627$8,272
10 years$14,932$13,497$12,187$10,992$9,907$6,741
11 years$13,437$12,016$10,729$9,567$8,520$5,539
12 years$12,191$10,785$9,522$8,391$7,383$4,581
13 years$11,138$9,746$8,507$7,408$6,438$3,808
14 years$10,236$8,859$7,644$6,576$5,644$3,179
15 years$9,455$8,093$6,901$5,865$4,969$2,663
16 years$8,772$7,425$6,257$5,251$4,392$2,237
17 years$8,170$6,838$5,693$4,718$3,894$1,884
18 years$7,636$6,319$5,197$4,252$3,463$1,589
19 years$7,159$5,856$4,758$3,842$3,086$1,343
20 years$6,729$5,442$4,367$3,480$2,757$1,137
21 years$6,342$5,069$4,016$3,158$2,467$963
22 years$5,989$4,732$3,702$2,871$2,211$816
23 years$5,668$4,425$3,418$2,615$1,985$693
24 years$5,375$4,146$3,161$2,385$1,784$588
25 years$5,105$3,891$2,928$2,178$1,605$500
26 years$4,856$3,657$2,715$1,992$1,446$425
27 years$4,626$3,442$2,521$1,823$1,304$362
28 years$4,413$3,243$2,344$1,670$1,176$308
29 years$4,215$3,059$2,181$1,532$1,062$262
30 years$4,030$2,889$2,032$1,406$960$223
31 years$3,858$2,731$1,894$1,291$868$190
32 years$3,697$2,584$1,767$1,186$785$162
33 years$3,546$2,448$1,650$1,091$710$138
34 years$3,404$2,320$1,542$1,004$643$117
35 years$3,270$2,200$1,441$924$583$100
36 years$3,145$2,088$1,348$851$528$85
37 years$3,026$1,983$1,262$784$478$73
38 years$2,914$1,885$1,182$723$434$62
39 years$2,808$1,792$1,107$666$393$53
40 years$2,707$1,705$1,038$615$357$45
41 years$2,612$1,623$973$567$324$38
42 years$2,521$1,546$913$523$294$33
43 years$2,435$1,473$857$483$267$28
44 years$2,353$1,404$804$446$242$24
45 years$2,274$1,339$755$412$220$20
46 years$2,200$1,277$709$381$199$17
47 years$2,129$1,219$666$352$181$15
48 years$2,060$1,164$626$325$164$13
49 years$1,995$1,111$588$300$149$11
50 years$1,933$1,061$553$278$136$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,980,000, adding $6,193 every year, while hoping to spend $28,274 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: 34/36/30 Blend
43$1,980,000$1,980,000$1,980,000$1,980,000
44$2,188,348$2,083,408$2,052,718$2,242,755
45$2,381,476$2,155,412$2,091,401$2,356,576
46$2,593,356$2,229,996$2,130,432$2,476,290
47$2,825,870$2,307,257$2,169,793$2,604,850
48$3,081,092$2,387,296$2,209,464$2,743,066
49$3,361,306$2,470,217$2,249,425$2,891,825
50$3,669,030$2,556,128$2,289,651$3,052,106
51$4,007,035$2,645,142$2,330,118$3,224,981
52$4,378,375$2,737,377$2,370,799$3,411,630
53$4,786,415$2,832,954$2,411,666$3,613,352
54$5,234,860$2,931,999$2,452,688$3,831,574
55$5,727,793$3,034,645$2,493,831$4,067,864
56$6,269,714$3,141,028$2,535,060$4,323,949
57$6,865,577$3,251,291$2,576,337$4,601,728
58$7,520,844$3,365,582$2,617,622$4,903,290
59$8,241,530$3,484,056$2,658,872$5,230,935
60$9,034,263$3,606,871$2,700,041$5,587,192
61$9,906,346$3,734,196$2,741,081$5,974,845
62$10,865,824$3,866,203$2,781,938$6,396,959
63$11,921,564$4,003,072$2,822,559$6,856,905
64$13,083,334$4,144,993$2,862,885$7,358,398
65$14,361,895$4,292,159$2,902,853$7,905,524
66$15,769,108$4,444,774$2,942,398$8,502,783
67$17,318,039$4,603,050$2,981,450$9,155,130
68$19,023,086$4,767,207$3,019,936$9,868,018
69$20,900,114$4,937,473$3,057,777$10,647,456
70$22,966,604$5,114,088$3,094,891$11,500,056
71$25,241,819$5,297,299$3,131,191$12,433,105
72$27,746,983$5,487,365$3,166,584$13,454,622
73$30,505,484$5,684,555$3,200,973$14,573,443
74$33,543,094$5,889,149$3,234,257$15,799,298
75$36,888,211$6,101,439$3,266,326$17,142,904
76$40,572,127$6,321,728$3,297,066$18,616,065
77$44,629,324$6,550,333$3,326,358$20,231,782
78$49,097,799$6,787,582$3,354,075$22,004,378
79$54,019,421$7,033,821$3,380,083$23,949,629
80$59,440,328$7,289,404$3,404,242$26,084,914
81$65,411,363$7,554,706$3,426,405$28,429,376
82$71,988,548$7,830,113$3,446,416$31,004,105
83$79,233,621$8,116,029$3,464,112$33,832,335
84$87,214,612$8,412,876$3,479,321$36,939,662
85$96,006,488$8,721,092$3,491,864$40,354,284
86$105,691,858$9,041,135$3,501,550$44,107,267
87$116,361,757$9,373,479$3,508,181$48,232,838
88$128,116,499$9,718,623$3,511,548$52,768,706
89$141,066,629$10,077,082$3,511,432$57,756,418
90$155,333,963$10,449,397$3,507,603$63,241,747
91$171,052,739$10,836,129$3,499,819$69,275,129
92$188,370,883$11,237,865$3,487,828$75,912,131
93$207,451,407$11,655,214$3,471,365$83,213,979
94$228,473,946$12,088,815$3,450,150$91,248,134
95$251,636,452$12,539,331$3,423,894$100,088,924
96$277,157,066$13,007,454$3,392,290$109,818,249
97$305,276,174$13,493,906$3,355,020$120,526,352
98$336,258,678$13,999,441$3,311,746$132,312,666
99$370,396,493$14,524,844$3,262,120$145,286,755
100$408,011,307$15,070,934$3,205,773$159,569,344