Can I retire at age 44 with 880,000?

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 $880,000?

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$72,670$72,022$71,391$70,774$70,172$67,899
2 years$35,975$35,305$34,656$34,026$33,415$31,146
3 years$23,745$23,072$22,425$21,801$21,200$19,007
4 years$17,631$16,961$16,319$15,706$15,120$13,019
5 years$13,964$13,297$12,664$12,064$11,494$9,491
6 years$11,520$10,858$10,235$9,648$9,095$7,191
7 years$9,775$9,119$8,505$7,932$7,397$5,592
8 years$8,467$7,816$7,213$6,654$6,136$4,430
9 years$7,450$6,806$6,213$5,668$5,168$3,558
10 years$6,637$5,999$5,416$4,886$4,403$2,887
11 years$5,972$5,340$4,768$4,252$3,787$2,361
12 years$5,418$4,793$4,232$3,729$3,281$1,944
13 years$4,950$4,332$3,781$3,293$2,862$1,608
14 years$4,549$3,937$3,397$2,923$2,508$1,336
15 years$4,202$3,597$3,067$2,607$2,209$1,114
16 years$3,899$3,300$2,781$2,334$1,952$931
17 years$3,631$3,039$2,530$2,097$1,731$780
18 years$3,394$2,808$2,310$1,890$1,539$655
19 years$3,182$2,603$2,115$1,708$1,372$550
20 years$2,991$2,419$1,941$1,547$1,225$463
21 years$2,818$2,253$1,785$1,404$1,096$390
22 years$2,662$2,103$1,645$1,276$983$329
23 years$2,519$1,967$1,519$1,162$882$278
24 years$2,389$1,843$1,405$1,060$793$235
25 years$2,269$1,729$1,301$968$714$198
26 years$2,158$1,625$1,207$885$643$168
27 years$2,056$1,530$1,121$810$579$142
28 years$1,961$1,441$1,042$742$523$120
29 years$1,873$1,360$969$681$472$101
30 years$1,791$1,284$903$625$427$86
31 years$1,715$1,214$842$574$386$73
32 years$1,643$1,149$785$527$349$62
33 years$1,576$1,088$733$485$316$52
34 years$1,513$1,031$685$446$286$44
35 years$1,454$978$641$411$259$37
36 years$1,398$928$599$378$235$32
37 years$1,345$882$561$349$213$27
38 years$1,295$838$525$321$193$23
39 years$1,248$797$492$296$175$19
40 years$1,203$758$461$273$159$16
41 years$1,161$721$433$252$144$14
42 years$1,120$687$406$233$131$12
43 years$1,082$655$381$215$118$10
44 years$1,046$624$357$198$108$8
45 years$1,011$595$336$183$98$7
46 years$978$568$315$169$89$6
47 years$946$542$296$156$80$5
48 years$916$517$278$144$73$4
49 years$887$494$262$133$66$4
50 years$859$472$246$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $880,000, adding $3,893 every year, while hoping to spend $58,946 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: 30/49/21 Blend
43$880,000$880,000$880,000$880,000
44$973,776$927,136$913,496$996,500
45$1,010,383$909,847$881,380$996,860
46$1,048,748$889,736$846,212$991,695
47$1,088,989$866,601$807,829$984,902
48$1,131,232$840,231$766,057$976,377
49$1,175,616$810,401$720,718$966,011
50$1,222,290$776,872$671,624$953,690
51$1,271,418$739,393$618,578$939,297
52$1,323,178$697,699$561,375$922,708
53$1,377,762$651,506$499,802$903,798
54$1,435,382$600,518$433,633$882,434
55$1,496,268$544,420$362,637$858,480
56$1,560,670$482,879$286,567$831,795
57$1,628,862$415,544$205,171$802,234
58$1,701,143$342,043$118,182$769,647
59$1,777,840$261,984$25,322$733,880
60$1,859,311$174,952$0$694,776
61$1,945,946$80,509$0$668,705
62$2,038,172$0$0$646,100
63$2,136,458$0$0$632,942
64$2,241,317$0$0$665,297
65$2,353,311$0$0$699,938
66$2,473,054$0$0$737,066
67$2,601,221$0$0$776,902
68$2,738,553$0$0$819,687
69$2,885,861$0$0$865,688
70$3,044,035$0$0$915,197
71$3,214,054$0$0$968,534
72$3,396,989$0$0$1,026,050
73$3,594,020$0$0$1,088,133
74$3,806,440$0$0$1,155,208
75$4,035,670$0$0$1,227,740
76$4,283,273$0$0$1,306,244
77$4,550,964$0$0$1,391,284
78$4,840,629$0$0$1,483,480
79$5,154,342$0$0$1,583,513
80$5,494,383$0$0$1,692,134
81$5,863,259$0$0$1,810,169
82$6,263,726$0$0$1,938,524
83$6,698,817$0$0$2,078,199
84$7,171,868$0$0$2,230,292
85$7,686,547$0$0$2,396,012
86$8,246,892$0$0$2,576,690
87$8,857,347$0$0$2,773,790
88$9,522,801$0$0$2,988,923
89$10,248,633$0$0$3,223,865
90$11,040,768$0$0$3,480,568
91$11,905,724$0$0$3,761,183
92$12,850,677$0$0$4,068,077
93$13,883,529$0$0$4,403,857
94$15,012,977$0$0$4,771,392
95$16,248,598$0$0$5,173,844
96$17,600,939$0$0$5,614,692
97$19,081,610$0$0$6,097,770
98$20,703,398$0$0$6,627,299
99$22,480,387$0$0$7,207,929
100$24,428,083$0$0$7,844,778