Can I retire at age 44 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$78,450$77,751$77,070$76,404$75,754$73,863
2 years$38,837$38,113$37,412$36,733$36,073$34,180
3 years$25,634$24,908$24,208$23,535$22,887$21,050
4 years$19,034$18,310$17,617$16,956$16,323$14,558
5 years$15,075$14,355$13,672$13,024$12,408$10,719
6 years$12,436$11,722$11,049$10,415$9,818$8,207
7 years$10,552$9,844$9,182$8,563$7,985$6,451
8 years$9,140$8,438$7,787$7,183$6,624$5,168
9 years$8,042$7,347$6,707$6,118$5,579$4,198
10 years$7,165$6,476$5,847$5,274$4,753$3,447
11 years$6,447$5,765$5,148$4,590$4,088$2,855
12 years$5,849$5,175$4,568$4,026$3,543$2,379
13 years$5,344$4,676$4,082$3,554$3,089$1,994
14 years$4,911$4,251$3,667$3,155$2,708$1,679
15 years$4,536$3,883$3,311$2,814$2,384$1,418
16 years$4,209$3,563$3,002$2,520$2,107$1,202
17 years$3,920$3,281$2,732$2,264$1,868$1,021
18 years$3,664$3,032$2,494$2,040$1,661$869
19 years$3,435$2,810$2,283$1,843$1,481$741
20 years$3,229$2,611$2,095$1,670$1,323$633
21 years$3,043$2,432$1,927$1,515$1,184$541
22 years$2,874$2,270$1,776$1,378$1,061$463
23 years$2,720$2,123$1,640$1,255$952$397
24 years$2,579$1,989$1,517$1,144$856$340
25 years$2,449$1,867$1,405$1,045$770$292
26 years$2,330$1,755$1,303$956$694$250
27 years$2,220$1,651$1,210$875$626$215
28 years$2,117$1,556$1,125$801$564$185
29 years$2,022$1,468$1,047$735$510$159
30 years$1,934$1,386$975$674$461$137
31 years$1,851$1,311$909$619$416$117
32 years$1,774$1,240$848$569$377$101
33 years$1,701$1,174$792$523$341$87
34 years$1,633$1,113$740$482$309$75
35 years$1,569$1,056$692$443$280$64
36 years$1,509$1,002$647$408$253$55
37 years$1,452$952$606$376$230$48
38 years$1,398$904$567$347$208$41
39 years$1,347$860$531$320$189$35
40 years$1,299$818$498$295$171$30
41 years$1,253$779$467$272$155$26
42 years$1,209$742$438$251$141$23
43 years$1,168$707$411$232$128$19
44 years$1,129$674$386$214$116$17
45 years$1,091$642$362$198$105$14
46 years$1,055$613$340$183$96$12
47 years$1,021$585$320$169$87$11
48 years$989$558$300$156$79$9
49 years$957$533$282$144$72$8
50 years$928$509$265$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $950,000, adding $5,284 every year, while hoping to spend $57,912 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: 39/46/15 Blend
43$950,000$950,000$950,000$950,000
44$1,052,350$1,002,000$987,275$1,088,470
45$1,098,072$989,481$958,731$1,102,170
46$1,146,517$974,406$927,290$1,110,973
47$1,197,900$956,591$892,793$1,119,248
48$1,252,460$935,838$855,075$1,126,974
49$1,310,455$911,938$813,964$1,134,136
50$1,372,167$884,669$769,278$1,140,721
51$1,437,908$853,797$720,829$1,146,720
52$1,508,017$819,075$668,418$1,152,129
53$1,582,865$780,240$611,841$1,156,949
54$1,662,859$737,015$550,880$1,161,189
55$1,748,448$689,105$485,311$1,164,863
56$1,840,120$636,201$414,899$1,167,996
57$1,938,412$577,975$339,398$1,170,623
58$2,043,914$514,080$258,552$1,172,790
59$2,157,272$444,149$172,092$1,174,556
60$2,279,196$367,795$79,740$1,175,998
61$2,410,466$284,609$0$1,177,207
62$2,551,938$194,158$0$1,181,308
63$2,704,551$95,988$0$1,199,238
64$2,869,339$0$0$1,218,434
65$3,047,436$0$0$1,244,394
66$3,240,090$0$0$1,325,134
67$3,448,671$0$0$1,412,656
68$3,674,688$0$0$1,507,604
69$3,919,798$0$0$1,610,688
70$4,185,823$0$0$1,722,691
71$4,474,768$0$0$1,844,470
72$4,788,838$0$0$1,976,972
73$5,130,459$0$0$2,121,237
74$5,502,300$0$0$2,278,410
75$5,907,298$0$0$2,449,749
76$6,348,684$0$0$2,636,641
77$6,830,014$0$0$2,840,613
78$7,355,204$0$0$3,063,343
79$7,928,562$0$0$3,306,681
80$8,554,832$0$0$3,572,662
81$9,239,233$0$0$3,863,527
82$9,987,516$0$0$4,181,744
83$10,806,008$0$0$4,530,029
84$11,701,680$0$0$4,911,374
85$12,682,204$0$0$5,329,074
86$13,756,030$0$0$5,786,756
87$14,932,464$0$0$6,288,417
88$16,221,754$0$0$6,838,456
89$17,635,187$0$0$7,441,721
90$19,185,192$0$0$8,103,550
91$20,885,461$0$0$8,829,823
92$22,751,073$0$0$9,627,017
93$24,798,640$0$0$10,502,265
94$27,046,458$0$0$11,463,428
95$29,514,682$0$0$12,519,163
96$32,225,513$0$0$13,679,005
97$35,203,410$0$0$14,953,463
98$38,475,315$0$0$16,354,110
99$42,070,911$0$0$17,893,699
100$46,022,898$0$0$19,586,276