Can I retire at age 44 with 550,000?

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 $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%15.6%
1 years$45,418$45,014$44,619$44,234$43,858$42,850
2 years$22,484$22,066$21,660$21,266$20,885$19,875
3 years$14,841$14,420$14,015$13,626$13,250$12,270
4 years$11,020$10,600$10,200$9,816$9,450$8,507
5 years$8,728$8,311$7,915$7,540$7,184$6,280
6 years$7,200$6,786$6,397$6,030$5,684$4,821
7 years$6,109$5,699$5,316$4,957$4,623$3,801
8 years$5,292$4,885$4,508$4,159$3,835$3,054
9 years$4,656$4,254$3,883$3,542$3,230$2,488
10 years$4,148$3,749$3,385$3,053$2,752$2,049
11 years$3,732$3,338$2,980$2,657$2,367$1,702
12 years$3,386$2,996$2,645$2,331$2,051$1,424
13 years$3,094$2,707$2,363$2,058$1,788$1,197
14 years$2,843$2,461$2,123$1,827$1,568$1,011
15 years$2,626$2,248$1,917$1,629$1,380$857
16 years$2,437$2,063$1,738$1,459$1,220$729
17 years$2,270$1,900$1,582$1,311$1,082$621
18 years$2,121$1,755$1,444$1,181$962$531
19 years$1,989$1,627$1,322$1,067$857$454
20 years$1,869$1,512$1,213$967$766$390
21 years$1,762$1,408$1,116$877$685$334
22 years$1,664$1,314$1,028$798$614$287
23 years$1,575$1,229$949$726$551$247
24 years$1,493$1,152$878$663$496$213
25 years$1,418$1,081$813$605$446$183
26 years$1,349$1,016$754$553$402$158
27 years$1,285$956$700$506$362$136
28 years$1,226$901$651$464$327$117
29 years$1,171$850$606$425$295$101
30 years$1,120$803$564$390$267$87
31 years$1,072$759$526$359$241$76
32 years$1,027$718$491$330$218$65
33 years$985$680$458$303$197$56
34 years$946$644$428$279$179$49
35 years$908$611$400$257$162$42
36 years$874$580$375$236$147$36
37 years$841$551$351$218$133$31
38 years$809$524$328$201$120$27
39 years$780$498$308$185$109$24
40 years$752$474$288$171$99$20
41 years$725$451$270$158$90$18
42 years$700$429$254$145$82$15
43 years$676$409$238$134$74$13
44 years$653$390$223$124$67$11
45 years$632$372$210$114$61$10
46 years$611$355$197$106$55$9
47 years$591$339$185$98$50$7
48 years$572$323$174$90$46$6
49 years$554$309$163$83$41$6
50 years$537$295$154$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $550,000, adding $6,172 every year, while hoping to spend $42,284 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: 63/15/22 Blend
43$550,000$550,000$550,000$550,000
44$612,466$583,316$574,791$647,183
45$629,948$566,909$549,057$654,943
46$647,796$548,281$521,043$658,146
47$666,002$527,277$490,630$660,681
48$684,558$503,737$457,689$662,489
49$703,450$477,488$422,089$663,503
50$722,666$448,349$383,693$663,655
51$742,187$416,127$342,355$662,869
52$761,991$380,618$297,926$661,065
53$782,055$341,610$250,247$658,154
54$802,349$298,873$199,155$654,046
55$822,840$252,169$144,478$648,639
56$843,488$201,244$86,036$641,826
57$864,249$145,830$23,644$633,491
58$885,072$85,645$0$623,511
59$905,897$20,389$0$621,831
60$926,659$0$0$624,805
61$947,282$0$0$635,067
62$967,681$0$0$648,518
63$987,760$0$0$661,723
64$1,007,409$0$0$674,608
65$1,026,509$0$0$687,087
66$1,044,921$0$0$699,064
67$1,062,493$0$0$710,433
68$1,079,054$0$0$721,073
69$1,094,412$0$0$730,851
70$1,108,353$0$0$739,618
71$1,120,639$0$0$747,206
72$1,131,004$0$0$753,432
73$1,139,152$0$0$758,088
74$1,144,754$0$0$760,944
75$1,147,443$0$0$761,746
76$1,146,814$0$0$760,211
77$1,142,413$0$0$756,023
78$1,133,741$0$0$748,833
79$1,120,240$0$0$738,254
80$1,101,295$0$0$723,857
81$1,076,220$0$0$705,166
82$1,044,260$0$0$681,654
83$1,004,575$0$0$652,738
84$956,238$0$0$617,770
85$898,219$0$0$576,038
86$829,382$0$0$526,749
87$748,470$0$0$469,030
88$654,091$0$0$401,912
89$544,708$0$0$324,328
90$418,620$0$0$235,094
91$273,950$0$0$132,906
92$108,621$0$0$16,320
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