Can I retire at age 44 with 350,000?

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 $350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$28,903$28,645$28,394$28,149$27,909$27,664
2 years$14,308$14,042$13,784$13,533$13,290$13,043
3 years$9,444$9,176$8,919$8,671$8,432$8,190
4 years$7,012$6,746$6,491$6,247$6,014$5,780
5 years$5,554$5,289$5,037$4,798$4,572$4,346
6 years$4,582$4,319$4,071$3,837$3,617$3,400
7 years$3,888$3,627$3,383$3,155$2,942$2,734
8 years$3,367$3,109$2,869$2,646$2,441$2,241
9 years$2,963$2,707$2,471$2,254$2,055$1,864
10 years$2,640$2,386$2,154$1,943$1,751$1,569
11 years$2,375$2,124$1,897$1,691$1,506$1,332
12 years$2,155$1,906$1,683$1,483$1,305$1,139
13 years$1,969$1,723$1,504$1,310$1,138$980
14 years$1,809$1,566$1,351$1,162$998$848
15 years$1,671$1,431$1,220$1,037$878$736
16 years$1,551$1,313$1,106$928$776$641
17 years$1,444$1,209$1,006$834$688$561
18 years$1,350$1,117$919$752$612$491
19 years$1,265$1,035$841$679$546$431
20 years$1,190$962$772$615$487$380
21 years$1,121$896$710$558$436$334
22 years$1,059$836$654$508$391$295
23 years$1,002$782$604$462$351$261
24 years$950$733$559$422$315$231
25 years$902$688$518$385$284$204
26 years$858$646$480$352$256$181
27 years$818$608$446$322$230$161
28 years$780$573$414$295$208$143
29 years$745$541$386$271$188$127
30 years$712$511$359$248$170$112
31 years$682$483$335$228$153$100
32 years$654$457$312$210$139$89
33 years$627$433$292$193$126$79
34 years$602$410$273$177$114$70
35 years$578$389$255$163$103$63
36 years$556$369$238$150$93$56
37 years$535$351$223$139$85$50
38 years$515$333$209$128$77$44
39 years$496$317$196$118$70$39
40 years$479$301$183$109$63$35
41 years$462$287$172$100$57$31
42 years$446$273$161$93$52$28
43 years$430$260$151$85$47$25
44 years$416$248$142$79$43$22
45 years$402$237$133$73$39$20
46 years$389$226$125$67$35$18
47 years$376$215$118$62$32$16
48 years$364$206$111$57$29$14
49 years$353$196$104$53$26$12
50 years$342$188$98$49$24$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $350,000, adding $3,135 every year, while hoping to spend $27,291 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: 75/8/17 Blend
43$350,000$350,000$350,000$350,000
44$388,934$370,384$364,959$416,379
45$399,568$359,495$348,147$424,080
46$410,371$347,158$329,858$428,839
47$421,334$333,273$310,013$433,329
48$432,441$317,735$288,530$437,514
49$443,677$300,431$265,323$441,358
50$455,024$281,244$240,303$444,820
51$466,460$260,049$213,377$447,854
52$477,961$236,714$184,447$450,413
53$489,499$211,098$153,411$452,445
54$501,041$183,055$120,164$453,890
55$512,551$152,429$84,594$454,688
56$523,988$119,055$46,584$454,769
57$535,306$82,759$6,015$454,060
58$546,450$43,357$0$452,479
59$557,362$656$0$456,699
60$567,975$0$0$461,467
61$578,215$0$0$469,619
62$587,996$0$0$477,443
63$597,225$0$0$484,802
64$605,797$0$0$491,610
65$613,595$0$0$497,768
66$620,487$0$0$503,170
67$626,328$0$0$507,693
68$630,955$0$0$511,203
69$634,188$0$0$513,551
70$635,824$0$0$514,569
71$635,642$0$0$514,074
72$633,392$0$0$511,859
73$628,799$0$0$507,697
74$621,559$0$0$501,334
75$611,331$0$0$492,491
76$597,741$0$0$480,856
77$580,372$0$0$466,086
78$558,765$0$0$447,799
79$532,407$0$0$425,573
80$500,736$0$0$398,941
81$463,126$0$0$367,387
82$418,887$0$0$330,338
83$367,253$0$0$287,163
84$307,380$0$0$237,162
85$238,334$0$0$179,564
86$159,083$0$0$113,515
87$68,487$0$0$38,070
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0