Can I retire at age 44 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$25,600$25,371$25,149$24,932$24,720$24,280
2 years$12,673$12,437$12,208$11,986$11,771$11,330
3 years$8,365$8,128$7,900$7,680$7,468$7,039
4 years$6,211$5,975$5,749$5,533$5,326$4,912
5 years$4,919$4,684$4,461$4,250$4,049$3,651
6 years$4,058$3,825$3,605$3,399$3,204$2,823
7 years$3,443$3,212$2,996$2,794$2,606$2,242
8 years$2,983$2,754$2,541$2,344$2,162$1,815
9 years$2,624$2,397$2,189$1,997$1,820$1,490
10 years$2,338$2,113$1,908$1,721$1,551$1,237
11 years$2,104$1,881$1,680$1,498$1,334$1,036
12 years$1,909$1,689$1,491$1,314$1,156$874
13 years$1,744$1,526$1,332$1,160$1,008$741
14 years$1,603$1,387$1,197$1,030$884$632
15 years$1,480$1,267$1,080$918$778$540
16 years$1,373$1,163$980$822$688$464
17 years$1,279$1,071$891$739$610$399
18 years$1,196$989$814$666$542$344
19 years$1,121$917$745$602$483$297
20 years$1,054$852$684$545$432$257
21 years$993$794$629$494$386$223
22 years$938$741$580$450$346$194
23 years$887$693$535$409$311$168
24 years$841$649$495$373$279$146
25 years$799$609$458$341$251$127
26 years$760$573$425$312$226$111
27 years$724$539$395$285$204$97
28 years$691$508$367$262$184$84
29 years$660$479$342$240$166$74
30 years$631$452$318$220$150$64
31 years$604$428$297$202$136$56
32 years$579$405$277$186$123$49
33 years$555$383$258$171$111$43
34 years$533$363$241$157$101$37
35 years$512$344$226$145$91$33
36 years$492$327$211$133$83$28
37 years$474$311$198$123$75$25
38 years$456$295$185$113$68$22
39 years$440$281$173$104$62$19
40 years$424$267$163$96$56$17
41 years$409$254$152$89$51$15
42 years$395$242$143$82$46$13
43 years$381$231$134$76$42$11
44 years$368$220$126$70$38$10
45 years$356$210$118$65$34$9
46 years$344$200$111$60$31$7
47 years$333$191$104$55$28$7
48 years$323$182$98$51$26$6
49 years$312$174$92$47$23$5
50 years$303$166$87$43$21$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $310,000, adding $4,882 every year, while hoping to spend $22,676 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: 44/42/14 Blend
43$310,000$310,000$310,000$310,000
44$346,656$330,226$325,421$360,309
45$357,888$322,280$312,195$362,387
46$369,505$313,184$297,767$361,978
47$381,524$302,859$282,071$361,041
48$393,959$291,220$265,041$359,535
49$406,829$278,176$246,606$357,420
50$420,152$263,632$226,693$354,651
51$433,946$247,489$205,225$351,183
52$448,231$229,638$182,123$346,967
53$463,029$209,969$157,303$341,951
54$478,363$188,362$130,677$336,082
55$494,256$164,692$102,155$329,303
56$510,733$138,826$71,641$321,554
57$527,822$110,623$39,035$312,772
58$545,552$79,935$4,235$302,891
59$563,953$46,606$0$291,840
60$583,057$10,471$0$284,463
61$602,900$0$0$276,760
62$623,519$0$0$281,275
63$644,953$0$0$291,005
64$667,245$0$0$301,130
65$690,441$0$0$311,671
66$714,590$0$0$322,652
67$739,744$0$0$334,098
68$765,960$0$0$346,035
69$793,299$0$0$358,493
70$821,827$0$0$371,501
71$851,615$0$0$385,095
72$882,739$0$0$399,309
73$915,281$0$0$414,184
74$949,332$0$0$429,761
75$984,988$0$0$446,088
76$1,022,353$0$0$463,213
77$1,061,543$0$0$481,191
78$1,102,679$0$0$500,081
79$1,145,896$0$0$519,947
80$1,191,339$0$0$540,857
81$1,239,168$0$0$562,889
82$1,289,553$0$0$586,125
83$1,342,684$0$0$610,654
84$1,398,765$0$0$636,574
85$1,458,018$0$0$663,992
86$1,520,688$0$0$693,026
87$1,587,039$0$0$723,802
88$1,657,362$0$0$756,460
89$1,731,973$0$0$791,152
90$1,811,221$0$0$828,045
91$1,895,483$0$0$867,321
92$1,985,175$0$0$909,181
93$2,080,750$0$0$953,842
94$2,182,707$0$0$1,001,543
95$2,291,589$0$0$1,052,549
96$2,407,994$0$0$1,107,145
97$2,532,576$0$0$1,165,649
98$2,666,053$0$0$1,228,405
99$2,809,212$0$0$1,295,794
100$2,962,916$0$0$1,368,233