Can I retire at age 44 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$69,366$68,749$68,146$67,557$66,983$66,366
2 years$34,340$33,700$33,080$32,479$31,897$31,275
3 years$22,666$22,023$21,405$20,810$20,236$19,630
4 years$16,830$16,190$15,578$14,992$14,433$13,845
5 years$13,329$12,693$12,089$11,516$10,972$10,405
6 years$10,996$10,365$9,770$9,209$8,681$8,137
7 years$9,331$8,704$8,119$7,571$7,060$6,538
8 years$8,082$7,461$6,885$6,351$5,857$5,357
9 years$7,111$6,496$5,930$5,410$4,933$4,454
10 years$6,335$5,726$5,170$4,663$4,203$3,745
11 years$5,700$5,098$4,552$4,059$3,615$3,178
12 years$5,172$4,575$4,039$3,560$3,132$2,717
13 years$4,725$4,135$3,609$3,143$2,731$2,336
14 years$4,342$3,758$3,243$2,790$2,394$2,019
15 years$4,011$3,433$2,928$2,488$2,108$1,752
16 years$3,722$3,150$2,654$2,228$1,863$1,525
17 years$3,466$2,901$2,415$2,002$1,652$1,332
18 years$3,240$2,681$2,205$1,804$1,469$1,167
19 years$3,037$2,484$2,019$1,630$1,309$1,024
20 years$2,855$2,309$1,853$1,476$1,169$900
21 years$2,690$2,150$1,704$1,340$1,047$793
22 years$2,541$2,007$1,570$1,218$938$699
23 years$2,405$1,877$1,450$1,109$842$617
24 years$2,280$1,759$1,341$1,012$757$545
25 years$2,166$1,651$1,242$924$681$483
26 years$2,060$1,551$1,152$845$613$427
27 years$1,963$1,460$1,070$773$553$379
28 years$1,872$1,376$994$709$499$336
29 years$1,788$1,298$925$650$451$298
30 years$1,710$1,226$862$596$407$265
31 years$1,637$1,159$804$548$368$235
32 years$1,568$1,096$750$503$333$209
33 years$1,504$1,038$700$463$301$186
34 years$1,444$984$654$426$273$165
35 years$1,387$933$612$392$247$147
36 years$1,334$886$572$361$224$130
37 years$1,284$841$535$333$203$116
38 years$1,236$800$501$307$184$103
39 years$1,191$760$470$283$167$92
40 years$1,148$723$440$261$151$82
41 years$1,108$689$413$241$137$73
42 years$1,069$656$387$222$125$65
43 years$1,033$625$363$205$113$58
44 years$998$596$341$189$103$51
45 years$965$568$320$175$93$46
46 years$933$542$301$161$85$41
47 years$903$517$283$149$77$36
48 years$874$494$266$138$70$32
49 years$847$471$250$127$63$29
50 years$820$450$235$118$58$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $840,000, adding $6,669 every year, while hoping to spend $29,956 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: 25/50/25 Blend
43$840,000$840,000$840,000$840,000
44$932,559$888,039$875,019$948,378
45$995,807$899,680$872,459$973,509
46$1,064,503$910,887$868,810$997,429
47$1,139,169$921,608$864,002$1,022,441
48$1,220,384$931,786$857,966$1,048,656
49$1,308,780$941,361$850,625$1,076,199
50$1,405,056$950,268$841,901$1,105,208
51$1,509,980$958,440$831,713$1,135,836
52$1,624,397$965,802$819,975$1,168,257
53$1,749,237$972,278$806,595$1,202,663
54$1,885,524$977,785$791,481$1,239,268
55$2,034,385$982,234$774,533$1,278,312
56$2,197,061$985,531$755,648$1,320,059
57$2,374,917$987,579$734,719$1,364,807
58$2,569,459$988,270$711,631$1,412,886
59$2,782,340$987,492$686,268$1,464,661
60$3,015,386$985,126$658,505$1,520,542
61$3,270,604$981,046$628,213$1,580,981
62$3,550,205$975,116$595,258$1,646,482
63$3,856,624$967,195$559,497$1,717,606
64$4,192,543$957,131$520,784$1,794,973
65$4,560,917$944,765$478,964$1,879,274
66$4,964,997$929,925$433,877$1,971,274
67$5,408,368$912,433$385,353$2,071,823
68$5,894,976$892,097$333,217$2,181,863
69$6,429,170$868,716$277,286$2,302,438
70$7,015,738$842,075$217,367$2,434,706
71$7,659,956$811,949$153,261$2,579,951
72$8,367,635$778,099$84,759$2,739,594
73$9,145,178$740,270$11,643$2,915,210
74$9,999,638$698,194$0$3,108,543
75$10,938,784$651,590$0$3,339,231
76$11,971,178$600,155$0$3,596,169
77$13,106,250$543,575$0$3,878,680
78$14,354,391$481,514$0$4,189,449
79$15,727,049$413,617$0$4,531,446
80$17,236,835$339,512$0$4,907,948
81$18,897,647$258,803$0$5,322,575
82$20,724,796$171,073$0$5,779,327
83$22,735,150$75,881$0$6,282,618
84$24,947,298$0$0$6,837,327
85$27,381,720$0$0$7,463,822
86$30,060,982$0$0$8,199,444
87$33,009,947$0$0$9,009,290
88$36,256,014$0$0$9,900,905
89$39,829,369$0$0$10,882,604
90$43,763,277$0$0$11,963,548
91$48,094,390$0$0$13,153,833
92$52,863,095$0$0$14,464,582
93$58,113,894$0$0$15,908,052
94$63,895,826$0$0$17,497,751
95$70,262,927$0$0$19,248,563
96$77,274,738$0$0$21,176,887
97$84,996,870$0$0$23,300,797
98$93,501,624$0$0$25,640,208
99$102,868,668$0$0$28,217,065
100$113,185,791$0$0$31,055,549