Can I retire at age 44 with 340,000?

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 $340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$28,077$27,827$27,583$27,345$27,112$26,674
2 years$13,899$13,641$13,390$13,146$12,911$12,470
3 years$9,174$8,914$8,664$8,423$8,191$7,762
4 years$6,812$6,553$6,305$6,068$5,842$5,428
5 years$5,395$5,138$4,893$4,661$4,441$4,043
6 years$4,451$4,195$3,954$3,727$3,514$3,133
7 years$3,777$3,523$3,286$3,065$2,858$2,493
8 years$3,271$3,020$2,787$2,571$2,371$2,023
9 years$2,878$2,629$2,400$2,190$1,997$1,665
10 years$2,564$2,318$2,093$1,888$1,701$1,386
11 years$2,307$2,063$1,842$1,643$1,463$1,164
12 years$2,093$1,852$1,635$1,441$1,268$984
13 years$1,913$1,674$1,461$1,272$1,106$837
14 years$1,758$1,521$1,313$1,129$969$715
15 years$1,624$1,390$1,185$1,007$853$613
16 years$1,506$1,275$1,074$902$754$528
17 years$1,403$1,174$978$810$669$456
18 years$1,311$1,085$892$730$595$394
19 years$1,229$1,006$817$660$530$342
20 years$1,156$934$750$598$473$297
21 years$1,089$870$690$542$424$258
22 years$1,028$813$636$493$380$224
23 years$973$760$587$449$341$196
24 years$923$712$543$410$306$171
25 years$877$668$503$374$276$149
26 years$834$628$466$342$248$130
27 years$794$591$433$313$224$114
28 years$758$557$403$287$202$100
29 years$724$525$375$263$182$87
30 years$692$496$349$241$165$76
31 years$663$469$325$222$149$67
32 years$635$444$303$204$135$58
33 years$609$420$283$187$122$51
34 years$585$398$265$172$110$45
35 years$562$378$248$159$100$39
36 years$540$359$232$146$91$35
37 years$520$341$217$135$82$30
38 years$500$324$203$124$74$27
39 years$482$308$190$114$68$23
40 years$465$293$178$106$61$20
41 years$448$279$167$97$56$18
42 years$433$265$157$90$50$16
43 years$418$253$147$83$46$14
44 years$404$241$138$77$42$12
45 years$391$230$130$71$38$11
46 years$378$219$122$65$34$9
47 years$366$209$114$60$31$8
48 years$354$200$108$56$28$7
49 years$343$191$101$52$26$6
50 years$332$182$95$48$23$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $340,000, adding $5,712 every year, while hoping to spend $25,941 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: 37/42/21 Blend
43$340,000$340,000$340,000$340,000
44$380,572$362,552$357,282$392,065
45$391,789$352,716$341,650$391,102
46$403,281$341,529$324,625$387,220
47$415,049$328,896$306,132$382,498
48$427,091$314,720$286,095$376,874
49$439,408$298,894$264,433$370,285
50$451,997$281,309$241,061$362,662
51$464,854$261,848$215,890$353,933
52$477,976$240,385$188,829$344,023
53$491,356$216,790$159,781$332,849
54$504,987$190,925$128,646$320,326
55$518,858$162,643$95,319$306,364
56$532,959$131,790$59,689$290,864
57$547,275$98,202$21,643$273,726
58$561,790$61,706$0$254,840
59$576,484$22,122$0$238,339
60$591,335$0$0$225,305
61$606,316$0$0$220,369
62$621,398$0$0$225,673
63$636,544$0$0$230,976
64$651,716$0$0$236,263
65$666,869$0$0$241,513
66$681,950$0$0$246,704
67$696,902$0$0$251,813
68$711,659$0$0$256,811
69$726,146$0$0$261,668
70$740,282$0$0$266,347
71$753,971$0$0$270,811
72$767,109$0$0$275,015
73$779,579$0$0$278,909
74$791,249$0$0$282,441
75$801,972$0$0$285,547
76$811,584$0$0$288,160
77$819,902$0$0$290,205
78$826,724$0$0$291,598
79$831,821$0$0$292,243
80$834,943$0$0$292,038
81$835,810$0$0$290,867
82$834,109$0$0$288,600
83$829,495$0$0$285,097
84$821,586$0$0$280,199
85$809,956$0$0$273,731
86$794,133$0$0$265,499
87$773,596$0$0$255,288
88$747,765$0$0$242,862
89$716,000$0$0$227,956
90$677,592$0$0$210,280
91$631,756$0$0$189,512
92$577,624$0$0$165,296
93$514,236$0$0$137,238
94$440,529$0$0$104,903
95$355,330$0$0$67,810
96$257,342$0$0$25,428
97$145,131$0$0$0
98$17,112$0$0$0
99$0$0$0$0
100$0$0$0$0