Can I retire at age 44 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$39,638$39,285$38,940$38,604$38,276$37,366
2 years$19,623$19,257$18,903$18,560$18,227$17,315
3 years$12,952$12,585$12,232$11,891$11,564$10,679
4 years$9,617$9,251$8,901$8,567$8,247$7,397
5 years$7,617$7,253$6,908$6,580$6,269$5,455
6 years$6,284$5,923$5,583$5,262$4,961$4,183
7 years$5,332$4,974$4,639$4,326$4,034$3,294
8 years$4,618$4,264$3,934$3,629$3,347$2,643
9 years$4,064$3,712$3,389$3,091$2,819$2,151
10 years$3,620$3,272$2,954$2,665$2,402$1,770
11 years$3,257$2,913$2,601$2,319$2,065$1,468
12 years$2,955$2,614$2,308$2,034$1,790$1,226
13 years$2,700$2,363$2,062$1,796$1,561$1,030
14 years$2,481$2,148$1,853$1,594$1,368$869
15 years$2,292$1,962$1,673$1,422$1,205$735
16 years$2,127$1,800$1,517$1,273$1,065$624
17 years$1,981$1,658$1,380$1,144$944$532
18 years$1,851$1,532$1,260$1,031$839$453
19 years$1,735$1,420$1,153$931$748$388
20 years$1,631$1,319$1,059$844$668$332
21 years$1,537$1,229$974$766$598$284
22 years$1,452$1,147$897$696$536$244
23 years$1,374$1,073$829$634$481$209
24 years$1,303$1,005$766$578$433$180
25 years$1,238$943$710$528$389$155
26 years$1,177$887$658$483$351$133
27 years$1,121$834$611$442$316$115
28 years$1,070$786$568$405$285$99
29 years$1,022$742$529$371$258$85
30 years$977$700$493$341$233$73
31 years$935$662$459$313$210$63
32 years$896$627$428$288$190$55
33 years$860$593$400$265$172$47
34 years$825$562$374$243$156$41
35 years$793$533$349$224$141$35
36 years$762$506$327$206$128$30
37 years$734$481$306$190$116$26
38 years$706$457$287$175$105$22
39 years$681$435$268$162$95$19
40 years$656$413$252$149$86$17
41 years$633$394$236$137$78$14
42 years$611$375$221$127$71$12
43 years$590$357$208$117$65$11
44 years$570$340$195$108$59$9
45 years$551$325$183$100$53$8
46 years$533$310$172$92$48$7
47 years$516$295$162$85$44$6
48 years$500$282$152$79$40$5
49 years$484$269$143$73$36$4
50 years$469$257$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $480,000, adding $2,549 every year, while hoping to spend $34,765 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: 41/49/10 Blend
43$480,000$480,000$480,000$480,000
44$531,589$506,149$498,709$551,708
45$548,822$493,961$478,426$553,874
46$566,647$480,010$456,299$552,550
47$585,088$464,174$432,228$550,338
48$604,170$446,322$406,111$547,170
49$623,920$426,316$377,841$542,977
50$644,366$404,012$347,304$537,686
51$665,536$379,253$314,384$531,216
52$687,463$351,878$278,957$523,488
53$710,178$321,714$240,896$514,413
54$733,716$288,579$200,067$503,900
55$758,116$252,279$156,329$491,852
56$783,415$212,612$109,538$478,167
57$809,656$169,363$59,539$462,739
58$836,883$122,303$6,176$445,453
59$865,143$71,195$0$426,192
60$894,487$15,783$0$410,247
61$924,969$0$0$393,124
62$956,646$0$0$397,877
63$989,580$0$0$411,675
64$1,023,837$0$0$426,037
65$1,059,488$0$0$440,994
66$1,096,608$0$0$456,578
67$1,135,280$0$0$472,825
68$1,175,592$0$0$489,775
69$1,217,637$0$0$507,469
70$1,261,518$0$0$525,951
71$1,307,345$0$0$545,269
72$1,355,237$0$0$565,477
73$1,405,322$0$0$586,631
74$1,457,739$0$0$608,792
75$1,512,638$0$0$632,026
76$1,570,182$0$0$656,406
77$1,630,549$0$0$682,011
78$1,693,929$0$0$708,924
79$1,760,532$0$0$737,239
80$1,830,584$0$0$767,056
81$1,904,331$0$0$798,485
82$1,982,041$0$0$831,646
83$2,064,007$0$0$866,668
84$2,150,548$0$0$903,693
85$2,242,010$0$0$942,876
86$2,338,772$0$0$984,387
87$2,441,249$0$0$1,028,410
88$2,549,892$0$0$1,075,147
89$2,665,194$0$0$1,124,819
90$2,787,697$0$0$1,177,668
91$2,917,991$0$0$1,233,959
92$3,056,722$0$0$1,293,980
93$3,204,599$0$0$1,358,050
94$3,362,395$0$0$1,426,515
95$3,530,961$0$0$1,499,757
96$3,711,227$0$0$1,578,194
97$3,904,214$0$0$1,662,283
98$4,111,040$0$0$1,752,527
99$4,332,934$0$0$1,849,477
100$4,571,241$0$0$1,953,740