Can I retire at age 44 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$46,244$45,832$45,430$45,038$44,655$42,917
2 years$22,893$22,467$22,054$21,653$21,264$19,535
3 years$15,111$14,682$14,270$13,873$13,491$11,824
4 years$11,220$10,793$10,385$9,995$9,622$8,030
5 years$8,886$8,462$8,059$7,677$7,314$5,801
6 years$7,331$6,910$6,513$6,139$5,788$4,355
7 years$6,220$5,803$5,412$5,048$4,707$3,354
8 years$5,388$4,974$4,590$4,234$3,905$2,630
9 years$4,741$4,331$3,953$3,607$3,288$2,090
10 years$4,223$3,817$3,447$3,109$2,802$1,678
11 years$3,800$3,398$3,034$2,706$2,410$1,357
12 years$3,448$3,050$2,693$2,373$2,088$1,105
13 years$3,150$2,757$2,406$2,095$1,821$904
14 years$2,895$2,506$2,162$1,860$1,596$742
15 years$2,674$2,289$1,952$1,659$1,405$611
16 years$2,481$2,100$1,770$1,485$1,242$504
17 years$2,311$1,934$1,610$1,334$1,101$417
18 years$2,160$1,787$1,470$1,203$979$346
19 years$2,025$1,656$1,346$1,087$873$287
20 years$1,903$1,539$1,235$984$780$238
21 years$1,794$1,434$1,136$893$698$198
22 years$1,694$1,338$1,047$812$625$165
23 years$1,603$1,252$967$740$561$137
24 years$1,520$1,173$894$675$505$114
25 years$1,444$1,101$828$616$454$95
26 years$1,373$1,034$768$563$409$80
27 years$1,308$973$713$516$369$66
28 years$1,248$917$663$472$333$55
29 years$1,192$865$617$433$300$46
30 years$1,140$817$575$398$271$39
31 years$1,091$773$536$365$245$32
32 years$1,046$731$500$336$222$27
33 years$1,003$692$467$309$201$22
34 years$963$656$436$284$182$19
35 years$925$622$408$261$165$16
36 years$889$591$381$241$149$13
37 years$856$561$357$222$135$11
38 years$824$533$334$204$123$9
39 years$794$507$313$188$111$8
40 years$766$482$294$174$101$6
41 years$739$459$275$160$92$5
42 years$713$437$258$148$83$4
43 years$689$417$242$137$75$4
44 years$665$397$227$126$68$3
45 years$643$379$214$117$62$3
46 years$622$361$201$108$56$2
47 years$602$345$188$99$51$2
48 years$583$329$177$92$47$2
49 years$564$314$166$85$42$1
50 years$547$300$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $560,000, adding $2,092 every year, while hoping to spend $28,088 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: 33/50/17 Blend
43$560,000$560,000$560,000$560,000
44$619,278$589,598$580,918$636,377
45$652,559$588,603$570,493$648,173
46$688,293$586,618$558,778$658,128
47$726,701$583,564$545,699$668,258
48$768,025$579,359$531,181$678,594
49$812,531$573,915$515,142$689,172
50$860,511$567,138$497,501$700,034
51$912,285$558,931$478,170$711,231
52$968,207$549,187$457,057$722,820
53$1,028,662$537,795$434,067$734,866
54$1,094,078$524,640$409,101$747,446
55$1,164,922$509,595$382,053$760,645
56$1,241,708$492,529$352,816$774,563
57$1,325,002$473,303$321,275$789,313
58$1,415,427$451,769$287,312$805,022
59$1,513,665$427,770$250,802$821,836
60$1,620,471$401,143$211,616$839,919
61$1,736,672$371,712$169,618$859,457
62$1,863,179$339,293$124,667$880,659
63$2,000,995$303,690$76,615$903,763
64$2,151,223$264,697$25,309$929,034
65$2,315,078$222,097$0$956,772
66$2,493,895$175,659$0$992,652
67$2,689,145$125,140$0$1,036,958
68$2,902,449$70,282$0$1,085,547
69$3,135,589$10,816$0$1,138,925
70$3,390,527$0$0$1,197,657
71$3,669,425$0$0$1,291,829
72$3,974,662$0$0$1,401,490
73$4,308,858$0$0$1,521,640
74$4,674,899$0$0$1,653,326
75$5,075,962$0$0$1,797,704
76$5,515,546$0$0$1,956,045
77$5,997,506$0$0$2,129,748
78$6,526,086$0$0$2,320,355
79$7,105,961$0$0$2,529,565
80$7,742,282$0$0$2,759,250
81$8,440,720$0$0$3,011,470
82$9,207,523$0$0$3,288,496
83$10,049,574$0$0$3,592,830
84$10,974,456$0$0$3,927,225
85$11,990,520$0$0$4,294,719
86$13,106,968$0$0$4,698,655
87$14,333,936$0$0$5,142,718
88$15,682,591$0$0$5,630,966
89$17,165,237$0$0$6,167,872
90$18,795,428$0$0$6,758,362
91$20,588,097$0$0$7,407,866
92$22,559,699$0$0$8,122,364
93$24,728,359$0$0$8,908,445
94$27,114,051$0$0$9,773,372
95$29,738,781$0$0$10,725,143
96$32,626,795$0$0$11,772,574
97$35,804,809$0$0$12,925,377
98$39,302,257$0$0$14,194,254
99$43,151,573$0$0$15,590,996
100$47,388,495$0$0$17,128,598