Can I retire at age 44 with 930,000?

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 $930,000?

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$76,799$76,114$75,447$74,796$74,160$71,757
2 years$38,019$37,311$36,625$35,959$35,314$32,916
3 years$25,094$24,383$23,699$23,040$22,405$20,086
4 years$18,633$17,924$17,247$16,599$15,979$13,759
5 years$14,757$14,053$13,384$12,749$12,147$10,030
6 years$12,175$11,475$10,816$10,196$9,612$7,600
7 years$10,330$9,637$8,988$8,383$7,817$5,910
8 years$8,948$8,261$7,623$7,032$6,485$4,682
9 years$7,873$7,192$6,566$5,990$5,461$3,760
10 years$7,014$6,340$5,724$5,163$4,653$3,051
11 years$6,311$5,644$5,039$4,493$4,002$2,495
12 years$5,726$5,066$4,472$3,941$3,468$2,054
13 years$5,231$4,578$3,996$3,480$3,024$1,700
14 years$4,808$4,161$3,590$3,089$2,651$1,412
15 years$4,441$3,801$3,241$2,755$2,334$1,177
16 years$4,120$3,488$2,939$2,467$2,063$984
17 years$3,838$3,212$2,674$2,216$1,829$824
18 years$3,587$2,968$2,441$1,997$1,626$692
19 years$3,362$2,751$2,235$1,805$1,450$581
20 years$3,161$2,556$2,051$1,634$1,295$489
21 years$2,979$2,381$1,887$1,483$1,159$412
22 years$2,813$2,222$1,739$1,349$1,039$348
23 years$2,662$2,079$1,605$1,228$932$294
24 years$2,524$1,948$1,485$1,120$838$248
25 years$2,398$1,828$1,375$1,023$754$209
26 years$2,281$1,718$1,275$935$679$177
27 years$2,173$1,617$1,184$856$612$150
28 years$2,073$1,523$1,101$785$553$127
29 years$1,980$1,437$1,025$719$499$107
30 years$1,893$1,357$954$660$451$91
31 years$1,812$1,283$890$606$408$77
32 years$1,736$1,214$830$557$369$65
33 years$1,665$1,150$775$512$334$55
34 years$1,599$1,090$724$472$302$47
35 years$1,536$1,033$677$434$274$39
36 years$1,477$981$633$400$248$33
37 years$1,421$932$593$368$225$28
38 years$1,369$885$555$339$204$24
39 years$1,319$842$520$313$185$20
40 years$1,271$801$488$289$168$17
41 years$1,227$762$457$266$152$15
42 years$1,184$726$429$246$138$12
43 years$1,144$692$402$227$125$10
44 years$1,105$659$378$210$114$9
45 years$1,068$629$355$194$103$8
46 years$1,033$600$333$179$94$6
47 years$1,000$573$313$165$85$5
48 years$968$547$294$153$77$5
49 years$937$522$276$141$70$4
50 years$908$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $930,000, adding $2,582 every year, while hoping to spend $43,136 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: 81/7/12 Blend
43$930,000$930,000$930,000$930,000
44$1,027,523$978,233$963,818$1,108,312
45$1,086,434$980,270$950,210$1,163,733
46$1,149,909$980,962$934,700$1,218,649
47$1,218,366$980,195$917,179$1,277,660
48$1,292,268$977,853$897,533$1,341,157
49$1,372,120$973,810$875,642$1,409,566
50$1,458,482$967,931$851,381$1,483,361
51$1,551,964$960,077$824,619$1,563,061
52$1,653,239$950,096$795,219$1,649,239
53$1,763,049$937,829$763,038$1,742,527
54$1,882,206$923,109$727,925$1,843,621
55$2,011,606$905,757$689,726$1,953,286
56$2,152,233$885,582$648,275$2,072,368
57$2,305,171$862,386$603,402$2,201,798
58$2,471,610$835,955$554,929$2,342,602
59$2,652,863$806,066$502,668$2,495,911
60$2,850,372$772,480$446,424$2,662,971
61$3,065,725$734,946$385,994$2,845,156
62$3,300,669$693,198$321,165$3,043,980
63$3,557,128$646,956$251,715$3,261,112
64$3,837,220$595,921$177,411$3,498,392
65$4,143,274$539,779$98,013$3,757,848
66$4,477,858$478,198$13,266$4,041,714
67$4,843,796$410,826$0$4,352,454
68$5,244,200$337,293$0$4,702,665
69$5,682,494$257,207$0$5,087,914
70$6,162,451$170,152$0$5,509,838
71$6,688,225$75,693$0$5,972,111
72$7,264,389$0$0$6,478,783
73$7,895,982$0$0$7,036,367
74$8,588,552$0$0$7,654,199
75$9,348,211$0$0$8,331,903
76$10,181,688$0$0$9,075,489
77$11,096,400$0$0$9,891,572
78$12,100,511$0$0$10,787,444
79$13,203,019$0$0$11,771,132
80$14,413,833$0$0$12,851,483
81$15,743,869$0$0$14,038,240
82$17,205,153$0$0$15,342,137
83$18,810,933$0$0$16,775,000
84$20,575,805$0$0$18,349,855
85$22,515,848$0$0$20,081,056
86$24,648,776$0$0$21,984,414
87$26,994,107$0$0$24,077,349
88$29,573,343$0$0$26,379,056
89$32,410,175$0$0$28,910,680
90$35,530,706$0$0$31,695,520
91$38,963,692$0$0$34,759,246
92$42,740,823$0$0$38,130,142
93$46,897,010$0$0$41,839,371
94$51,470,722$0$0$45,921,269
95$56,504,344$0$0$50,413,672
96$62,044,580$0$0$55,358,265
97$68,142,888$0$0$60,800,982
98$74,855,971$0$0$66,792,435
99$82,246,308$0$0$73,388,394
100$90,382,743$0$0$80,650,310