Can I retire at age 44 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$80,102$79,388$78,692$78,013$77,349$74,933
2 years$39,654$38,916$38,200$37,506$36,833$34,420
3 years$26,174$25,432$24,718$24,030$23,368$21,035
4 years$19,435$18,695$17,988$17,313$16,666$14,430
5 years$15,392$14,657$13,960$13,298$12,670$10,536
6 years$12,698$11,969$11,282$10,634$10,025$7,996
7 years$10,775$10,051$9,375$8,743$8,153$6,229
8 years$9,333$8,616$7,951$7,334$6,764$4,943
9 years$8,212$7,502$6,848$6,247$5,696$3,977
10 years$7,315$6,612$5,970$5,385$4,853$3,233
11 years$6,583$5,887$5,256$4,687$4,174$2,650
12 years$5,972$5,283$4,665$4,111$3,617$2,186
13 years$5,456$4,775$4,168$3,629$3,154$1,812
14 years$5,015$4,340$3,745$3,222$2,765$1,509
15 years$4,632$3,965$3,381$2,873$2,434$1,260
16 years$4,297$3,638$3,065$2,573$2,152$1,056
17 years$4,003$3,350$2,789$2,311$1,908$886
18 years$3,741$3,096$2,546$2,083$1,696$745
19 years$3,507$2,869$2,331$1,882$1,512$628
20 years$3,297$2,666$2,139$1,705$1,350$530
21 years$3,107$2,483$1,968$1,547$1,209$447
22 years$2,934$2,318$1,814$1,407$1,083$378
23 years$2,777$2,168$1,674$1,281$972$320
24 years$2,633$2,031$1,549$1,168$874$271
25 years$2,501$1,906$1,434$1,067$786$229
26 years$2,379$1,792$1,330$976$708$194
27 years$2,266$1,686$1,235$893$639$165
28 years$2,162$1,589$1,148$818$576$140
29 years$2,065$1,499$1,069$750$520$119
30 years$1,975$1,415$995$689$470$101
31 years$1,890$1,338$928$632$425$85
32 years$1,811$1,266$866$581$385$72
33 years$1,737$1,199$808$535$348$62
34 years$1,668$1,136$755$492$315$52
35 years$1,602$1,078$706$453$285$44
36 years$1,541$1,023$661$417$259$38
37 years$1,482$972$618$384$234$32
38 years$1,427$923$579$354$212$27
39 years$1,375$878$542$326$193$23
40 years$1,326$835$508$301$175$20
41 years$1,279$795$477$278$159$17
42 years$1,235$757$447$256$144$14
43 years$1,193$722$420$237$131$12
44 years$1,152$688$394$219$119$10
45 years$1,114$656$370$202$108$9
46 years$1,078$626$347$186$98$7
47 years$1,043$597$326$172$89$6
48 years$1,009$570$307$159$81$5
49 years$978$544$288$147$73$5
50 years$947$520$271$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $970,000, adding $2,868 every year, while hoping to spend $58,513 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: 60/28/12 Blend
43$970,000$970,000$970,000$970,000
44$1,071,898$1,020,488$1,005,453$1,132,940
45$1,118,975$1,008,235$976,879$1,162,072
46$1,168,892$993,420$945,386$1,186,974
47$1,221,877$975,856$910,815$1,212,722
48$1,278,181$955,345$872,999$1,239,400
49$1,338,075$931,677$831,764$1,267,106
50$1,401,858$904,628$786,928$1,295,950
51$1,469,857$873,965$738,299$1,326,054
52$1,542,430$839,436$685,680$1,357,558
53$1,619,968$800,779$628,861$1,390,618
54$1,702,902$757,715$567,625$1,425,409
55$1,791,703$709,948$501,745$1,462,128
56$1,886,887$657,166$430,984$1,500,996
57$1,989,022$599,039$355,094$1,542,260
58$2,098,729$535,219$273,817$1,586,198
59$2,216,691$465,336$186,881$1,633,119
60$2,343,658$389,002$94,006$1,683,369
61$2,480,453$305,805$0$1,737,336
62$2,627,980$215,310$0$1,796,106
63$2,787,232$117,058$0$1,872,395
64$2,959,300$10,565$0$1,954,733
65$3,145,384$0$0$2,043,762
66$3,346,802$0$0$2,172,449
67$3,565,004$0$0$2,315,450
68$3,801,582$0$0$2,470,560
69$4,058,288$0$0$2,638,939
70$4,337,051$0$0$2,821,858
71$4,639,989$0$0$3,020,718
72$4,969,434$0$0$3,237,059
73$5,327,952$0$0$3,472,576
74$5,718,366$0$0$3,729,134
75$6,143,780$0$0$4,008,785
76$6,607,615$0$0$4,313,788
77$7,113,632$0$0$4,646,628
78$7,665,971$0$0$5,010,043
79$8,269,192$0$0$5,407,043
80$8,928,312$0$0$5,840,946
81$9,648,855$0$0$6,315,402
82$10,436,905$0$0$6,834,431
83$11,299,157$0$0$7,402,459
84$12,242,986$0$0$8,024,360
85$13,276,512$0$0$8,705,501
86$14,408,678$0$0$9,451,791
87$15,649,330$0$0$10,269,740
88$17,009,313$0$0$11,166,517
89$18,500,574$0$0$12,150,017
90$20,136,266$0$0$13,228,937
91$21,930,882$0$0$14,412,854
92$23,900,380$0$0$15,712,319
93$26,062,343$0$0$17,138,954
94$28,436,136$0$0$18,705,562
95$31,043,092$0$0$20,426,244
96$33,906,711$0$0$22,316,537
97$37,052,882$0$0$24,393,554
98$40,510,124$0$0$26,676,149
99$44,309,858$0$0$29,185,095
100$48,486,696$0$0$31,943,274