Can I retire at age 44 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$77,624$76,933$76,258$75,600$74,957$73,867
2 years$38,428$37,712$37,019$36,346$35,694$34,598
3 years$25,364$24,645$23,953$23,287$22,646$21,578
4 years$18,834$18,117$17,432$16,777$16,151$15,120
5 years$14,916$14,204$13,528$12,886$12,278$11,286
6 years$12,305$11,599$10,933$10,305$9,715$8,764
7 years$10,441$9,740$9,085$8,473$7,901$6,991
8 years$9,044$8,349$7,705$7,108$6,555$5,685
9 years$7,958$7,270$6,636$6,054$5,520$4,691
10 years$7,089$6,408$5,786$5,219$4,703$3,914
11 years$6,379$5,704$5,094$4,542$4,045$3,295
12 years$5,788$5,120$4,520$3,984$3,505$2,793
13 years$5,288$4,627$4,039$3,517$3,057$2,381
14 years$4,859$4,206$3,629$3,122$2,679$2,040
15 years$4,489$3,842$3,276$2,784$2,359$1,755
16 years$4,165$3,525$2,970$2,493$2,085$1,514
17 years$3,879$3,246$2,703$2,240$1,849$1,311
18 years$3,625$3,000$2,467$2,019$1,644$1,137
19 years$3,399$2,780$2,259$1,824$1,465$988
20 years$3,195$2,584$2,073$1,652$1,309$861
21 years$3,011$2,406$1,907$1,499$1,171$751
22 years$2,843$2,246$1,757$1,363$1,050$655
23 years$2,691$2,101$1,623$1,242$942$573
24 years$2,552$1,968$1,501$1,132$847$501
25 years$2,423$1,847$1,390$1,034$762$439
26 years$2,305$1,736$1,289$946$687$385
27 years$2,196$1,634$1,197$865$619$338
28 years$2,095$1,540$1,113$793$559$296
29 years$2,001$1,452$1,036$727$504$260
30 years$1,913$1,372$965$667$456$228
31 years$1,832$1,297$899$613$412$201
32 years$1,755$1,227$839$563$373$176
33 years$1,683$1,162$783$518$337$155
34 years$1,616$1,101$732$477$305$136
35 years$1,553$1,045$684$439$277$120
36 years$1,493$991$640$404$251$106
37 years$1,437$942$599$372$227$93
38 years$1,383$895$561$343$206$82
39 years$1,333$851$526$316$187$72
40 years$1,285$810$493$292$169$63
41 years$1,240$771$462$269$154$56
42 years$1,197$734$433$248$139$49
43 years$1,156$699$407$229$127$43
44 years$1,117$667$382$212$115$38
45 years$1,080$636$358$196$104$34
46 years$1,044$606$337$181$95$30
47 years$1,011$579$316$167$86$26
48 years$978$552$297$154$78$23
49 years$947$528$279$143$71$20
50 years$918$504$263$132$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $940,000, adding $3,673 every year, while hoping to spend $33,706 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: 40/30/30 Blend
43$940,000$940,000$940,000$940,000
44$1,039,669$989,849$975,279$1,071,928
45$1,109,852$1,002,488$972,088$1,108,452
46$1,186,064$1,014,618$967,660$1,144,565
47$1,268,885$1,026,176$961,919$1,183,006
48$1,358,951$1,037,099$954,783$1,224,011
49$1,456,965$1,047,317$946,169$1,267,842
50$1,563,697$1,056,757$935,987$1,314,787
51$1,679,996$1,065,340$924,145$1,365,167
52$1,806,797$1,072,984$910,545$1,419,339
53$1,945,128$1,079,598$895,086$1,477,696
54$2,096,121$1,085,088$877,662$1,540,674
55$2,261,023$1,089,354$858,160$1,608,757
56$2,441,203$1,092,289$836,465$1,682,478
57$2,638,173$1,093,778$812,453$1,762,431
58$2,853,595$1,093,702$785,999$1,849,270
59$3,089,299$1,091,931$756,967$1,943,720
60$3,347,302$1,088,329$725,220$2,046,585
61$3,629,821$1,082,752$690,609$2,158,752
62$3,939,302$1,075,046$652,984$2,281,202
63$4,278,436$1,065,049$612,184$2,415,022
64$4,650,188$1,052,587$568,044$2,561,412
65$5,057,822$1,037,478$520,388$2,721,700
66$5,504,934$1,019,529$469,035$2,897,354
67$5,995,484$998,533$413,795$3,089,996
68$6,533,836$974,274$354,469$3,301,419
69$7,124,794$946,520$290,851$3,533,606
70$7,773,652$915,028$222,723$3,788,745
71$8,486,240$879,541$149,860$4,069,256
72$9,268,983$839,784$72,026$4,377,810
73$10,128,955$795,469$0$4,717,361
74$11,073,952$746,291$0$5,094,701
75$12,112,562$691,926$0$5,534,733
76$13,254,245$632,032$0$6,018,438
77$14,509,426$566,250$0$6,550,298
78$15,889,588$494,196$0$7,135,253
79$17,407,382$415,468$0$7,778,752
80$19,076,748$329,640$0$8,486,806
81$20,913,046$236,261$0$9,266,041
82$22,933,195$134,856$0$10,123,767
83$25,155,840$24,923$0$11,068,044
84$27,601,524$0$0$12,107,757
85$30,292,882$0$0$13,283,763
86$33,254,852$0$0$14,587,215
87$36,514,914$0$0$16,021,997
88$40,103,346$0$0$17,601,454
89$44,053,512$0$0$19,340,290
90$48,402,172$0$0$21,254,707
91$53,189,835$0$0$23,362,558
92$58,461,135$0$0$25,683,516
93$64,265,254$0$0$28,239,258
94$70,656,388$0$0$31,053,670
95$77,694,254$0$0$34,153,074
96$85,444,655$0$0$37,566,473
97$93,980,104$0$0$41,325,826
98$103,380,502$0$0$45,466,353
99$113,733,894$0$0$50,026,859
100$125,137,303$0$0$55,050,110