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%15.7%
1 years$78,450$77,751$77,070$76,404$75,754$73,983
2 years$38,837$38,113$37,412$36,733$36,073$34,299
3 years$25,634$24,908$24,208$23,535$22,887$21,164
4 years$19,034$18,310$17,617$16,956$16,323$14,666
5 years$15,075$14,355$13,672$13,024$12,408$10,822
6 years$12,436$11,722$11,049$10,415$9,818$8,304
7 years$10,552$9,844$9,182$8,563$7,985$6,542
8 years$9,140$8,438$7,787$7,183$6,624$5,253
9 years$8,042$7,347$6,707$6,118$5,579$4,278
10 years$7,165$6,476$5,847$5,274$4,753$3,521
11 years$6,447$5,765$5,148$4,590$4,088$2,923
12 years$5,849$5,175$4,568$4,026$3,543$2,443
13 years$5,344$4,676$4,082$3,554$3,089$2,053
14 years$4,911$4,251$3,667$3,155$2,708$1,733
15 years$4,536$3,883$3,311$2,814$2,384$1,468
16 years$4,209$3,563$3,002$2,520$2,107$1,247
17 years$3,920$3,281$2,732$2,264$1,868$1,063
18 years$3,664$3,032$2,494$2,040$1,661$907
19 years$3,435$2,810$2,283$1,843$1,481$776
20 years$3,229$2,611$2,095$1,670$1,323$665
21 years$3,043$2,432$1,927$1,515$1,184$570
22 years$2,874$2,270$1,776$1,378$1,061$489
23 years$2,720$2,123$1,640$1,255$952$421
24 years$2,579$1,989$1,517$1,144$856$362
25 years$2,449$1,867$1,405$1,045$770$311
26 years$2,330$1,755$1,303$956$694$268
27 years$2,220$1,651$1,210$875$626$231
28 years$2,117$1,556$1,125$801$564$199
29 years$2,022$1,468$1,047$735$510$172
30 years$1,934$1,386$975$674$461$148
31 years$1,851$1,311$909$619$416$128
32 years$1,774$1,240$848$569$377$110
33 years$1,701$1,174$792$523$341$95
34 years$1,633$1,113$740$482$309$82
35 years$1,569$1,056$692$443$280$71
36 years$1,509$1,002$647$408$253$61
37 years$1,452$952$606$376$230$53
38 years$1,398$904$567$347$208$46
39 years$1,347$860$531$320$189$39
40 years$1,299$818$498$295$171$34
41 years$1,253$779$467$272$155$29
42 years$1,209$742$438$251$141$25
43 years$1,168$707$411$232$128$22
44 years$1,129$674$386$214$116$19
45 years$1,091$642$362$198$105$16
46 years$1,055$613$340$183$96$14
47 years$1,021$585$320$169$87$12
48 years$989$558$300$156$79$11
49 years$957$533$282$144$72$9
50 years$928$509$265$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $950,000, adding $5,960 every year, while hoping to spend $38,031 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: 51/32/17 Blend
43$950,000$950,000$950,000$950,000
44$1,053,048$1,002,698$987,973$1,101,550
45$1,119,994$1,011,365$980,605$1,144,211
46$1,192,494$1,019,183$971,716$1,186,114
47$1,271,074$1,026,069$961,214$1,230,840
48$1,356,313$1,031,936$949,005$1,278,670
49$1,448,848$1,036,691$934,987$1,329,913
50$1,549,379$1,040,237$919,057$1,384,910
51$1,658,674$1,042,468$901,105$1,444,041
52$1,777,583$1,043,273$881,016$1,507,723
53$1,907,037$1,042,533$858,670$1,576,421
54$2,048,061$1,040,124$833,942$1,650,646
55$2,201,785$1,035,912$806,701$1,730,966
56$2,369,451$1,029,755$776,809$1,818,006
57$2,552,426$1,021,504$744,123$1,912,460
58$2,752,215$1,010,999$708,492$2,015,095
59$2,970,474$998,072$669,761$2,126,757
60$3,209,029$982,543$627,764$2,248,382
61$3,469,886$964,224$582,330$2,381,007
62$3,755,257$942,914$533,281$2,525,774
63$4,067,577$918,400$480,429$2,683,947
64$4,409,525$890,457$423,579$2,856,924
65$4,784,054$858,848$362,527$3,046,249
66$5,194,416$823,319$297,059$3,253,625
67$5,644,189$783,605$226,954$3,480,938
68$6,137,318$739,422$151,978$3,730,267
69$6,678,144$690,474$71,889$4,003,911
70$7,271,452$636,444$0$4,304,408
71$7,922,509$576,999$0$4,637,024
72$8,637,119$511,786$0$5,016,466
73$9,421,674$440,433$0$5,433,149
74$10,283,217$362,546$0$5,890,898
75$11,229,504$277,710$0$6,393,931
76$12,269,080$185,484$0$6,946,905
77$13,411,359$85,406$0$7,554,953
78$14,666,712$0$0$8,223,740
79$16,046,564$0$0$8,967,617
80$17,563,501$0$0$9,818,564
81$19,231,393$0$0$10,754,299
82$21,065,516$0$0$11,783,408
83$23,082,704$0$0$12,915,349
84$25,301,504$0$0$14,160,545
85$27,742,348$0$0$15,530,477
86$30,427,751$0$0$17,037,797
87$33,382,520$0$0$18,696,445
88$36,633,986$0$0$20,521,780
89$40,212,264$0$0$22,530,726
90$44,150,538$0$0$24,741,929
91$48,485,369$0$0$27,175,937
92$53,257,045$0$0$29,855,389
93$58,509,955$0$0$32,805,232
94$64,293,015$0$0$36,052,953
95$70,660,120$0$0$39,628,842
96$77,670,661$0$0$43,566,274
97$85,390,077$0$0$47,902,025
98$93,890,480$0$0$52,676,621
99$103,251,328$0$0$57,934,716
100$113,560,180$0$0$63,725,517