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%15.9%
1 years$78,450$77,751$77,070$76,404$75,754$73,923
2 years$38,837$38,113$37,412$36,733$36,073$34,239
3 years$25,634$24,908$24,208$23,535$22,887$21,107
4 years$19,034$18,310$17,617$16,956$16,323$14,612
5 years$15,075$14,355$13,672$13,024$12,408$10,770
6 years$12,436$11,722$11,049$10,415$9,818$8,255
7 years$10,552$9,844$9,182$8,563$7,985$6,497
8 years$9,140$8,438$7,787$7,183$6,624$5,210
9 years$8,042$7,347$6,707$6,118$5,579$4,238
10 years$7,165$6,476$5,847$5,274$4,753$3,484
11 years$6,447$5,765$5,148$4,590$4,088$2,889
12 years$5,849$5,175$4,568$4,026$3,543$2,411
13 years$5,344$4,676$4,082$3,554$3,089$2,023
14 years$4,911$4,251$3,667$3,155$2,708$1,706
15 years$4,536$3,883$3,311$2,814$2,384$1,443
16 years$4,209$3,563$3,002$2,520$2,107$1,224
17 years$3,920$3,281$2,732$2,264$1,868$1,041
18 years$3,664$3,032$2,494$2,040$1,661$888
19 years$3,435$2,810$2,283$1,843$1,481$758
20 years$3,229$2,611$2,095$1,670$1,323$648
21 years$3,043$2,432$1,927$1,515$1,184$555
22 years$2,874$2,270$1,776$1,378$1,061$476
23 years$2,720$2,123$1,640$1,255$952$408
24 years$2,579$1,989$1,517$1,144$856$351
25 years$2,449$1,867$1,405$1,045$770$301
26 years$2,330$1,755$1,303$956$694$259
27 years$2,220$1,651$1,210$875$626$223
28 years$2,117$1,556$1,125$801$564$192
29 years$2,022$1,468$1,047$735$510$165
30 years$1,934$1,386$975$674$461$142
31 years$1,851$1,311$909$619$416$122
32 years$1,774$1,240$848$569$377$106
33 years$1,701$1,174$792$523$341$91
34 years$1,633$1,113$740$482$309$78
35 years$1,569$1,056$692$443$280$68
36 years$1,509$1,002$647$408$253$58
37 years$1,452$952$606$376$230$50
38 years$1,398$904$567$347$208$43
39 years$1,347$860$531$320$189$37
40 years$1,299$818$498$295$171$32
41 years$1,253$779$467$272$155$28
42 years$1,209$742$438$251$141$24
43 years$1,168$707$411$232$128$21
44 years$1,129$674$386$214$116$18
45 years$1,091$642$362$198$105$15
46 years$1,055$613$340$183$96$13
47 years$1,021$585$320$169$87$11
48 years$989$558$300$156$79$10
49 years$957$533$282$144$72$9
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 $6,492 every year, while hoping to spend $33,325 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: 58/17/25 Blend
43$950,000$950,000$950,000$950,000
44$1,053,596$1,003,246$988,521$1,107,227
45$1,125,606$1,016,948$986,179$1,158,289
46$1,203,843$1,030,204$982,642$1,209,830
47$1,288,909$1,042,957$977,834$1,265,319
48$1,381,462$1,055,147$971,676$1,325,149
49$1,482,231$1,066,709$964,087$1,389,750
50$1,592,013$1,077,572$954,979$1,459,598
51$1,711,689$1,087,664$944,261$1,535,220
52$1,842,226$1,096,905$931,839$1,617,195
53$1,984,691$1,105,211$917,613$1,706,163
54$2,140,256$1,112,492$901,479$1,802,832
55$2,310,211$1,118,654$883,328$1,907,982
56$2,495,979$1,123,594$863,046$2,022,474
57$2,699,124$1,127,206$840,513$2,147,257
58$2,921,370$1,129,374$815,606$2,283,382
59$3,164,613$1,129,976$788,192$2,432,004
60$3,430,943$1,128,884$758,135$2,594,402
61$3,722,660$1,125,960$725,294$2,771,984
62$4,042,297$1,121,059$689,517$2,966,304
63$4,392,645$1,114,024$650,650$3,179,080
64$4,776,777$1,104,693$608,528$3,412,202
65$5,198,077$1,092,892$562,982$3,667,761
66$5,660,272$1,078,435$513,834$3,948,058
67$6,167,469$1,061,128$460,897$4,255,637
68$6,724,191$1,040,763$403,976$4,593,300
69$7,335,418$1,017,120$342,870$4,964,141
70$8,006,640$989,968$277,365$5,371,570
71$8,743,901$959,060$207,241$5,819,352
72$9,553,861$924,137$132,266$6,311,636
73$10,443,857$884,921$52,198$6,853,001
74$11,421,971$841,123$0$7,448,495
75$12,497,106$792,432$0$8,112,556
76$13,679,074$738,524$0$8,857,892
77$14,978,681$679,053$0$9,677,411
78$16,407,834$613,655$0$10,578,656
79$17,979,653$541,944$0$11,569,944
80$19,708,592$463,513$0$12,660,441
81$21,610,575$377,932$0$13,860,247
82$23,703,150$284,746$0$15,180,497
83$26,005,648$183,476$0$16,633,460
84$28,539,371$73,614$0$18,232,660
85$31,327,791$0$0$19,993,004
86$34,396,767$0$0$21,939,406
87$37,774,796$0$0$24,097,070
88$41,493,274$0$0$26,472,290
89$45,586,799$0$0$29,087,178
90$50,093,492$0$0$31,966,098
91$55,055,358$0$0$35,135,897
92$60,518,682$0$0$38,626,157
93$66,534,468$0$0$42,469,475
94$73,158,914$0$0$46,701,770
95$80,453,949$0$0$51,362,623
96$88,487,811$0$0$56,495,646
97$97,335,695$0$0$62,148,899
98$107,080,461$0$0$68,375,342
99$117,813,413$0$0$75,233,330
100$129,635,164$0$0$82,787,170