Can I retire at age 44 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$79,276$78,570$77,881$77,208$76,552$75,689
2 years$39,245$38,515$37,806$37,119$36,453$35,585
3 years$25,904$25,170$24,463$23,783$23,127$22,280
4 years$19,234$18,502$17,803$17,134$16,495$15,675
5 years$15,234$14,506$13,816$13,161$12,539$11,750
6 years$12,567$11,845$11,165$10,525$9,922$9,163
7 years$10,664$9,948$9,278$8,653$8,069$7,342
8 years$9,236$8,527$7,869$7,259$6,694$5,998
9 years$8,127$7,424$6,777$6,183$5,637$4,973
10 years$7,240$6,544$5,909$5,330$4,803$4,169
11 years$6,515$5,826$5,202$4,638$4,131$3,527
12 years$5,911$5,229$4,617$4,068$3,580$3,005
13 years$5,400$4,725$4,125$3,592$3,122$2,576
14 years$4,963$4,295$3,706$3,188$2,736$2,219
15 years$4,584$3,924$3,346$2,844$2,409$1,919
16 years$4,253$3,600$3,034$2,546$2,129$1,665
17 years$3,961$3,316$2,760$2,288$1,888$1,449
18 years$3,702$3,064$2,520$2,062$1,679$1,264
19 years$3,471$2,839$2,307$1,863$1,496$1,106
20 years$3,263$2,639$2,117$1,687$1,337$968
21 years$3,075$2,458$1,947$1,531$1,196$850
22 years$2,904$2,294$1,795$1,392$1,072$746
23 years$2,748$2,146$1,657$1,268$962$657
24 years$2,606$2,010$1,533$1,156$865$578
25 years$2,475$1,887$1,420$1,056$778$510
26 years$2,354$1,773$1,317$966$701$449
27 years$2,243$1,669$1,223$884$632$397
28 years$2,140$1,572$1,136$810$570$350
29 years$2,044$1,483$1,058$743$515$310
30 years$1,954$1,401$985$682$465$274
31 years$1,871$1,324$918$626$421$242
32 years$1,792$1,253$857$575$381$214
33 years$1,719$1,187$800$529$344$190
34 years$1,650$1,125$748$487$312$168
35 years$1,586$1,067$699$448$282$149
36 years$1,525$1,013$654$413$256$132
37 years$1,467$962$612$380$232$117
38 years$1,413$914$573$350$210$103
39 years$1,361$869$537$323$191$92
40 years$1,312$827$503$298$173$81
41 years$1,266$787$472$275$157$72
42 years$1,222$750$443$254$142$64
43 years$1,180$714$415$234$129$57
44 years$1,141$681$390$216$117$50
45 years$1,103$649$366$200$106$44
46 years$1,067$619$344$185$97$39
47 years$1,032$591$323$170$88$35
48 years$999$564$304$158$80$31
49 years$967$539$285$146$72$28
50 years$937$515$268$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $960,000, adding $5,427 every year, while hoping to spend $41,123 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: 28/48/24 Blend
43$960,000$960,000$960,000$960,000
44$1,063,518$1,012,638$997,758$1,085,190
45$1,128,242$1,018,503$987,428$1,108,519
46$1,198,190$1,023,276$975,374$1,129,599
47$1,273,851$1,026,863$961,495$1,151,393
48$1,355,763$1,029,158$945,684$1,173,990
49$1,444,517$1,030,053$927,831$1,197,489
50$1,540,764$1,029,432$907,819$1,222,005
51$1,645,218$1,027,170$885,528$1,247,664
52$1,758,667$1,023,138$860,829$1,274,613
53$1,881,975$1,017,196$833,591$1,303,016
54$2,016,094$1,009,196$803,674$1,333,057
55$2,162,071$998,982$770,933$1,364,945
56$2,321,059$986,388$735,215$1,398,915
57$2,494,324$971,239$696,362$1,435,229
58$2,683,263$953,347$654,208$1,474,184
59$2,889,411$932,517$608,579$1,516,110
60$3,114,458$908,537$559,294$1,561,380
61$3,360,266$881,188$506,163$1,610,409
62$3,628,882$850,236$448,989$1,663,662
63$3,922,562$815,431$387,563$1,721,660
64$4,243,788$776,512$321,672$1,784,982
65$4,595,295$733,202$251,089$1,854,277
66$4,980,093$685,207$175,578$1,930,268
67$5,401,496$632,216$94,894$2,013,761
68$5,863,156$573,902$8,780$2,105,653
69$6,369,093$509,918$0$2,206,943
70$6,923,734$439,897$0$2,340,031
71$7,531,955$363,453$0$2,488,650
72$8,199,128$280,175$0$2,652,001
73$8,931,169$189,633$0$2,831,691
74$9,734,593$91,370$0$3,029,501
75$10,616,578$0$0$3,247,402
76$11,585,032$0$0$3,495,551
77$12,648,662$0$0$3,821,252
78$13,817,065$0$0$4,179,203
79$15,100,809$0$0$4,572,663
80$16,511,539$0$0$5,005,223
81$18,062,082$0$0$5,480,837
82$19,766,572$0$0$6,003,863
83$21,640,577$0$0$6,579,104
84$23,701,252$0$0$7,211,849
85$25,967,496$0$0$7,907,927
86$28,460,131$0$0$8,673,759
87$31,202,100$0$0$9,516,422
88$34,218,679$0$0$10,443,712
89$37,537,719$0$0$11,464,219
90$41,189,906$0$0$12,587,407
91$45,209,051$0$0$13,823,707
92$49,632,409$0$0$15,184,610
93$54,501,029$0$0$16,682,777
94$59,860,140$0$0$18,332,162
95$65,759,582$0$0$20,148,137
96$72,254,268$0$0$22,147,644
97$79,404,708$0$0$24,349,350
98$87,277,580$0$0$26,773,822
99$95,946,353$0$0$29,443,728
100$105,491,984$0$0$32,384,041