Can I retire at age 44 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$45,418$45,014$44,619$44,234$43,858$43,328
2 years$22,484$22,066$21,660$21,266$20,885$20,351
3 years$14,841$14,420$14,015$13,626$13,250$12,730
4 years$11,020$10,600$10,200$9,816$9,450$8,947
5 years$8,728$8,311$7,915$7,540$7,184$6,699
6 years$7,200$6,786$6,397$6,030$5,684$5,219
7 years$6,109$5,699$5,316$4,957$4,623$4,177
8 years$5,292$4,885$4,508$4,159$3,835$3,409
9 years$4,656$4,254$3,883$3,542$3,230$2,823
10 years$4,148$3,749$3,385$3,053$2,752$2,364
11 years$3,732$3,338$2,980$2,657$2,367$1,997
12 years$3,386$2,996$2,645$2,331$2,051$1,700
13 years$3,094$2,707$2,363$2,058$1,788$1,455
14 years$2,843$2,461$2,123$1,827$1,568$1,251
15 years$2,626$2,248$1,917$1,629$1,380$1,081
16 years$2,437$2,063$1,738$1,459$1,220$937
17 years$2,270$1,900$1,582$1,311$1,082$814
18 years$2,121$1,755$1,444$1,181$962$709
19 years$1,989$1,627$1,322$1,067$857$619
20 years$1,869$1,512$1,213$967$766$542
21 years$1,762$1,408$1,116$877$685$474
22 years$1,664$1,314$1,028$798$614$416
23 years$1,575$1,229$949$726$551$366
24 years$1,493$1,152$878$663$496$321
25 years$1,418$1,081$813$605$446$283
26 years$1,349$1,016$754$553$402$249
27 years$1,285$956$700$506$362$219
28 years$1,226$901$651$464$327$194
29 years$1,171$850$606$425$295$171
30 years$1,120$803$564$390$267$151
31 years$1,072$759$526$359$241$133
32 years$1,027$718$491$330$218$118
33 years$985$680$458$303$197$104
34 years$946$644$428$279$179$92
35 years$908$611$400$257$162$81
36 years$874$580$375$236$147$72
37 years$841$551$351$218$133$63
38 years$809$524$328$201$120$56
39 years$780$498$308$185$109$50
40 years$752$474$288$171$99$44
41 years$725$451$270$158$90$39
42 years$700$429$254$145$82$34
43 years$676$409$238$134$74$30
44 years$653$390$223$124$67$27
45 years$632$372$210$114$61$24
46 years$611$355$197$106$55$21
47 years$591$339$185$98$50$19
48 years$572$323$174$90$46$17
49 years$554$309$163$83$41$15
50 years$537$295$154$77$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $550,000, adding $3,023 every year, while hoping to spend $38,944 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: 53/19/28 Blend
43$550,000$550,000$550,000$550,000
44$609,218$580,068$571,543$636,600
45$629,922$567,055$549,254$642,890
46$651,433$552,100$524,912$645,524
47$673,792$535,065$498,409$647,616
48$697,042$515,807$469,630$649,130
49$721,231$494,172$438,453$650,028
50$746,410$470,000$404,755$650,272
51$772,633$443,119$368,403$649,822
52$799,959$413,349$329,262$648,636
53$828,450$380,499$287,187$646,671
54$858,174$344,366$242,031$643,885
55$889,205$304,736$193,636$640,231
56$921,621$261,386$141,840$635,664
57$955,508$214,075$86,473$630,138
58$990,957$162,552$27,357$623,605
59$1,028,069$106,551$0$616,015
60$1,066,951$45,792$0$617,997
61$1,107,721$0$0$628,241
62$1,150,505$0$0$642,764
63$1,195,442$0$0$668,090
64$1,242,682$0$0$694,732
65$1,292,387$0$0$722,784
66$1,344,735$0$0$752,349
67$1,399,919$0$0$783,539
68$1,458,150$0$0$816,475
69$1,519,656$0$0$851,290
70$1,584,689$0$0$888,130
71$1,653,520$0$0$927,153
72$1,726,449$0$0$968,532
73$1,803,802$0$0$1,012,456
74$1,885,934$0$0$1,059,132
75$1,973,234$0$0$1,108,787
76$2,066,130$0$0$1,161,667
77$2,165,088$0$0$1,218,044
78$2,270,617$0$0$1,278,215
79$2,383,279$0$0$1,342,505
80$2,503,685$0$0$1,411,272
81$2,632,509$0$0$1,484,905
82$2,770,485$0$0$1,563,833
83$2,918,424$0$0$1,648,528
84$3,077,210$0$0$1,739,505
85$3,247,818$0$0$1,837,330
86$3,431,315$0$0$1,942,626
87$3,628,873$0$0$2,056,076
88$3,841,781$0$0$2,178,429
89$4,071,452$0$0$2,310,511
90$4,319,441$0$0$2,453,226
91$4,587,455$0$0$2,607,570
92$4,877,370$0$0$2,774,637
93$5,191,249$0$0$2,955,629
94$5,531,360$0$0$3,151,869
95$5,900,197$0$0$3,364,810
96$6,300,500$0$0$3,596,052
97$6,735,288$0$0$3,847,353
98$7,207,875$0$0$4,120,649
99$7,721,913$0$0$4,418,069
100$8,281,416$0$0$4,741,954