Can I retire at age 44 with 360,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$29,728$29,464$29,205$28,953$28,707$28,093
2 years$14,717$14,443$14,177$13,920$13,670$13,054
3 years$9,714$9,439$9,174$8,919$8,673$8,075
4 years$7,213$6,938$6,676$6,425$6,186$5,610
5 years$5,713$5,440$5,181$4,935$4,702$4,150
6 years$4,713$4,442$4,187$3,947$3,721$3,193
7 years$3,999$3,730$3,479$3,245$3,026$2,523
8 years$3,464$3,198$2,951$2,722$2,510$2,032
9 years$3,048$2,784$2,542$2,319$2,114$1,659
10 years$2,715$2,454$2,216$1,999$1,801$1,370
11 years$2,443$2,185$1,951$1,739$1,549$1,141
12 years$2,217$1,961$1,731$1,526$1,342$957
13 years$2,025$1,772$1,547$1,347$1,171$807
14 years$1,861$1,611$1,390$1,196$1,026$683
15 years$1,719$1,471$1,255$1,066$904$581
16 years$1,595$1,350$1,138$955$799$495
17 years$1,486$1,243$1,035$858$708$423
18 years$1,388$1,149$945$773$630$363
19 years$1,302$1,065$865$699$561$311
20 years$1,224$989$794$633$501$268
21 years$1,153$922$730$574$449$231
22 years$1,089$860$673$522$402$199
23 years$1,031$805$621$475$361$171
24 years$977$754$575$434$324$148
25 years$928$707$532$396$292$128
26 years$883$665$494$362$263$111
27 years$841$626$458$331$237$96
28 years$802$590$426$304$214$83
29 years$766$556$397$278$193$72
30 years$733$525$369$256$175$62
31 years$701$497$344$235$158$54
32 years$672$470$321$216$143$47
33 years$645$445$300$198$129$40
34 years$619$422$280$183$117$35
35 years$595$400$262$168$106$30
36 years$572$380$245$155$96$26
37 years$550$361$229$143$87$23
38 years$530$343$215$131$79$20
39 years$510$326$201$121$72$17
40 years$492$310$189$112$65$15
41 years$475$295$177$103$59$13
42 years$458$281$166$95$53$11
43 years$443$268$156$88$48$10
44 years$428$255$146$81$44$8
45 years$414$243$137$75$40$7
46 years$400$232$129$69$36$6
47 years$387$222$121$64$33$6
48 years$375$212$114$59$30$5
49 years$363$202$107$55$27$4
50 years$351$193$101$50$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $360,000, adding $6,298 every year, while hoping to spend $21,354 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: 60/29/11 Blend
43$360,000$360,000$360,000$360,000
44$403,216$384,136$378,556$425,987
45$421,624$380,239$368,518$438,142
46$441,193$375,434$357,427$448,416
47$462,021$369,656$345,226$459,100
48$484,211$362,833$331,855$470,237
49$507,879$354,891$317,251$481,872
50$533,151$345,749$301,347$494,057
51$560,165$335,323$284,075$506,849
52$589,073$323,524$265,362$520,315
53$620,039$310,258$245,133$534,525
54$653,247$295,425$223,309$549,561
55$688,897$278,919$199,808$565,514
56$727,206$260,628$174,543$582,485
57$768,416$240,434$147,426$600,587
58$812,792$218,212$118,362$619,946
59$860,622$193,830$87,253$640,702
60$912,227$167,149$53,997$663,013
61$967,955$138,021$18,487$687,053
62$1,028,193$106,290$0$713,016
63$1,093,362$71,791$0$743,397
64$1,163,927$34,352$0$778,622
65$1,240,400$0$0$816,801
66$1,323,342$0$0$860,230
67$1,413,372$0$0$919,292
68$1,511,169$0$0$983,476
69$1,617,481$0$0$1,053,274
70$1,733,129$0$0$1,129,231
71$1,859,020$0$0$1,211,943
72$1,996,149$0$0$1,302,070
73$2,145,612$0$0$1,400,334
74$2,308,614$0$0$1,507,533
75$2,486,483$0$0$1,624,544
76$2,680,680$0$0$1,752,333
77$2,892,813$0$0$1,891,961
78$3,124,653$0$0$2,044,599
79$3,378,149$0$0$2,211,536
80$3,655,447$0$0$2,394,189
81$3,958,911$0$0$2,594,122
82$4,291,141$0$0$2,813,052
83$4,655,005$0$0$3,052,875
84$5,053,657$0$0$3,315,676
85$5,490,573$0$0$3,603,752
86$5,969,580$0$0$3,919,632
87$6,494,892$0$0$4,266,104
88$7,071,154$0$0$4,646,236
89$7,703,478$0$0$5,063,409
90$8,397,499$0$0$5,521,346
91$9,159,419$0$0$6,024,149
92$9,996,075$0$0$6,576,336
93$10,914,995$0$0$7,182,885
94$11,924,474$0$0$7,849,277
95$13,033,648$0$0$8,581,555
96$14,252,584$0$0$9,386,372
97$15,592,370$0$0$10,271,060
98$17,065,224$0$0$11,243,695
99$18,684,606$0$0$12,313,175
100$20,465,345$0$0$13,489,306