Can I retire at age 44 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$164,332$162,869$161,440$160,046$158,685$155,545
2 years$81,353$79,838$78,369$76,945$75,564$72,414
3 years$53,696$52,175$50,710$49,300$47,941$44,879
4 years$39,871$38,354$36,904$35,518$34,192$31,241
5 years$31,578$30,070$28,639$27,281$25,992$23,161
6 years$26,051$24,554$23,145$21,817$20,567$17,859
7 years$22,105$20,621$19,233$17,937$16,726$14,142
8 years$19,146$17,676$16,311$15,047$13,876$11,415
9 years$16,847$15,390$14,049$12,816$11,686$9,346
10 years$15,008$13,565$12,248$11,048$9,957$7,736
11 years$13,504$12,077$10,783$9,615$8,563$6,459
12 years$12,253$10,839$9,570$8,434$7,421$5,430
13 years$11,194$9,796$8,550$7,446$6,471$4,590
14 years$10,288$8,904$7,682$6,609$5,672$3,898
15 years$9,503$8,134$6,936$5,894$4,994$3,323
16 years$8,816$7,463$6,288$5,278$4,414$2,842
17 years$8,212$6,873$5,722$4,742$3,914$2,437
18 years$7,675$6,351$5,224$4,274$3,480$2,094
19 years$7,195$5,886$4,782$3,862$3,102$1,803
20 years$6,763$5,469$4,389$3,497$2,771$1,555
21 years$6,374$5,095$4,037$3,174$2,479$1,343
22 years$6,020$4,756$3,720$2,886$2,222$1,161
23 years$5,697$4,448$3,435$2,628$1,995$1,005
24 years$5,402$4,167$3,177$2,397$1,793$870
25 years$5,131$3,911$2,943$2,189$1,614$754
26 years$4,881$3,676$2,729$2,002$1,453$654
27 years$4,649$3,459$2,534$1,832$1,310$568
28 years$4,435$3,259$2,356$1,679$1,182$493
29 years$4,236$3,075$2,192$1,539$1,068$428
30 years$4,051$2,904$2,042$1,413$965$372
31 years$3,878$2,745$1,904$1,298$872$324
32 years$3,716$2,598$1,776$1,192$789$281
33 years$3,564$2,460$1,658$1,097$714$245
34 years$3,421$2,331$1,550$1,009$646$213
35 years$3,287$2,211$1,449$929$586$185
36 years$3,161$2,099$1,355$855$530$161
37 years$3,041$1,993$1,269$788$481$140
38 years$2,928$1,894$1,188$726$436$122
39 years$2,822$1,801$1,113$670$395$106
40 years$2,721$1,714$1,043$618$359$93
41 years$2,625$1,632$978$570$325$81
42 years$2,534$1,554$918$526$295$70
43 years$2,447$1,480$861$486$268$61
44 years$2,364$1,411$808$448$243$53
45 years$2,286$1,346$759$414$221$46
46 years$2,211$1,284$713$382$200$40
47 years$2,139$1,225$670$353$182$35
48 years$2,071$1,170$629$327$165$31
49 years$2,006$1,117$591$302$150$27
50 years$1,943$1,067$556$279$136$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $1,990,000, adding $2,920 every year, while hoping to spend $58,861 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: 46/41/13 Blend
43$1,990,000$1,990,000$1,990,000$1,990,000
44$2,195,992$2,090,522$2,059,677$2,288,818
45$2,357,356$2,130,330$2,066,049$2,393,278
46$2,533,205$2,170,116$2,070,661$2,500,291
47$2,724,957$2,209,816$2,073,393$2,615,081
48$2,934,168$2,249,363$2,074,117$2,738,390
49$3,162,554$2,288,682$2,072,700$2,871,038
50$3,412,002$2,327,695$2,069,003$3,013,930
51$3,684,589$2,366,315$2,062,878$3,168,062
52$3,982,605$2,404,452$2,054,172$3,334,534
53$4,308,566$2,442,006$2,042,723$3,514,559
54$4,665,248$2,478,872$2,028,362$3,709,475
55$5,055,703$2,514,937$2,010,912$3,920,757
56$5,483,295$2,550,079$1,990,187$4,150,033
57$5,951,726$2,584,167$1,965,993$4,399,099
58$6,465,075$2,617,064$1,938,127$4,669,935
59$7,027,832$2,648,621$1,906,374$4,964,725
60$7,644,946$2,678,678$1,870,513$5,285,878
61$8,321,864$2,707,067$1,830,308$5,636,054
62$9,064,588$2,733,606$1,785,517$6,018,183
63$9,879,727$2,758,104$1,735,883$6,435,499
64$10,774,562$2,780,354$1,681,138$6,891,570
65$11,757,114$2,800,138$1,621,003$7,390,328
66$12,836,219$2,817,224$1,555,185$7,936,115
67$14,021,608$2,831,363$1,483,379$8,533,716
68$15,324,004$2,842,291$1,405,264$9,188,410
69$16,755,218$2,849,730$1,320,506$9,906,020
70$18,328,263$2,853,380$1,228,756$10,692,967
71$20,057,476$2,852,925$1,129,649$11,556,334
72$21,958,649$2,848,029$1,022,804$12,503,932
73$24,049,185$2,838,336$907,821$13,544,374
74$26,348,254$2,823,466$784,285$14,687,160
75$28,876,978$2,803,019$651,761$15,942,768
76$31,658,631$2,776,567$509,796$17,322,750
77$34,718,852$2,743,660$357,915$18,839,847
78$38,085,894$2,703,818$195,624$20,508,107
79$41,790,883$2,656,534$22,406$22,343,023
80$45,868,120$2,601,270$0$24,361,678
81$50,355,393$2,537,458$0$26,605,442
82$55,294,343$2,464,493$0$29,077,334
83$60,730,850$2,381,738$0$31,797,225
84$66,715,471$2,288,517$0$34,790,452
85$73,303,910$2,184,115$0$38,084,945
86$80,557,550$2,067,778$0$41,711,494
87$88,544,024$1,938,703$0$45,704,041
88$97,337,862$1,796,047$0$50,100,001
89$107,021,185$1,638,914$0$54,940,618
90$117,684,485$1,466,360$0$60,271,358
91$129,427,476$1,277,386$0$66,142,338
92$142,360,037$1,070,936$0$72,608,802
93$156,603,244$845,895$0$79,731,647
94$172,290,516$601,085$0$87,577,998
95$189,568,873$335,262$0$96,221,847
96$208,600,322$47,113$0$105,744,753
97$229,563,383$0$0$116,236,615
98$252,654,781$0$0$127,915,970
99$278,091,293$0$0$140,805,214
100$306,111,800$0$0$155,004,177