Can I retire at age 44 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$47,896$47,469$47,053$46,647$46,250$45,279
2 years$23,711$23,269$22,841$22,426$22,024$21,050
3 years$15,650$15,207$14,780$14,369$13,973$13,027
4 years$11,621$11,179$10,756$10,352$9,966$9,055
5 years$9,204$8,764$8,347$7,951$7,576$6,702
6 years$7,593$7,157$6,746$6,359$5,994$5,160
7 years$6,443$6,010$5,606$5,228$4,875$4,079
8 years$5,580$5,152$4,754$4,385$4,044$3,287
9 years$4,910$4,486$4,095$3,735$3,406$2,686
10 years$4,374$3,954$3,570$3,220$2,902$2,219
11 years$3,936$3,520$3,143$2,802$2,496$1,849
12 years$3,571$3,159$2,789$2,458$2,163$1,552
13 years$3,263$2,855$2,492$2,170$1,886$1,309
14 years$2,998$2,595$2,239$1,926$1,653$1,110
15 years$2,770$2,371$2,022$1,718$1,456$944
16 years$2,570$2,175$1,833$1,538$1,287$805
17 years$2,393$2,003$1,668$1,382$1,141$689
18 years$2,237$1,851$1,522$1,246$1,014$591
19 years$2,097$1,715$1,394$1,125$904$508
20 years$1,971$1,594$1,279$1,019$808$437
21 years$1,858$1,485$1,177$925$723$376
22 years$1,754$1,386$1,084$841$648$325
23 years$1,660$1,296$1,001$766$581$280
24 years$1,574$1,215$926$699$523$242
25 years$1,495$1,140$858$638$470$209
26 years$1,422$1,071$795$583$424$181
27 years$1,355$1,008$739$534$382$157
28 years$1,293$950$687$489$345$136
29 years$1,235$896$639$449$311$118
30 years$1,181$846$595$412$281$102
31 years$1,130$800$555$378$254$89
32 years$1,083$757$518$348$230$77
33 years$1,039$717$483$320$208$67
34 years$997$680$452$294$188$58
35 years$958$645$422$271$171$50
36 years$921$612$395$249$155$44
37 years$886$581$370$230$140$38
38 years$854$552$346$212$127$33
39 years$822$525$324$195$115$28
40 years$793$500$304$180$104$25
41 years$765$476$285$166$95$21
42 years$738$453$267$153$86$19
43 years$713$431$251$142$78$16
44 years$689$411$236$131$71$14
45 years$666$392$221$121$64$12
46 years$644$374$208$111$58$11
47 years$624$357$195$103$53$9
48 years$604$341$183$95$48$8
49 years$585$326$172$88$44$7
50 years$566$311$162$81$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $580,000, adding $3,372 every year, while hoping to spend $42,395 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: 69/21/10 Blend
43$580,000$580,000$580,000$580,000
44$642,638$611,898$602,908$685,463
45$663,079$596,773$577,998$699,182
46$684,185$579,486$550,832$708,733
47$705,977$559,887$521,290$718,056
48$728,480$537,815$489,247$727,120
49$751,719$513,102$454,571$735,894
50$775,720$485,570$417,125$744,344
51$800,510$455,029$376,765$752,434
52$826,117$421,280$333,341$760,127
53$852,571$384,112$286,698$767,381
54$879,901$343,302$236,671$774,156
55$908,141$298,614$183,089$780,405
56$937,324$249,799$125,775$786,080
57$967,485$196,593$64,542$791,133
58$998,661$138,718$0$795,509
59$1,030,890$75,881$0$799,238
60$1,064,213$7,772$0$809,530
61$1,098,673$0$0$819,451
62$1,134,314$0$0$844,197
63$1,171,182$0$0$871,654
64$1,209,328$0$0$900,064
65$1,248,804$0$0$929,467
66$1,289,664$0$0$959,903
67$1,331,966$0$0$991,416
68$1,375,772$0$0$1,024,051
69$1,421,146$0$0$1,057,858
70$1,468,158$0$0$1,092,888
71$1,516,879$0$0$1,129,196
72$1,567,388$0$0$1,166,839
73$1,619,765$0$0$1,205,879
74$1,674,099$0$0$1,246,382
75$1,730,483$0$0$1,288,418
76$1,789,015$0$0$1,332,061
77$1,849,800$0$0$1,377,391
78$1,912,953$0$0$1,424,492
79$1,978,593$0$0$1,473,456
80$2,046,849$0$0$1,524,379
81$2,117,861$0$0$1,577,367
82$2,191,776$0$0$1,632,531
83$2,268,754$0$0$1,689,991
84$2,348,966$0$0$1,749,876
85$2,432,597$0$0$1,812,326
86$2,519,846$0$0$1,877,491
87$2,610,926$0$0$1,945,533
88$2,706,070$0$0$2,016,626
89$2,805,526$0$0$2,090,958
90$2,909,565$0$0$2,168,735
91$3,018,480$0$0$2,250,176
92$3,132,585$0$0$2,335,522
93$3,252,226$0$0$2,425,031
94$3,377,773$0$0$2,518,987
95$3,509,632$0$0$2,617,693
96$3,648,241$0$0$2,721,483
97$3,794,078$0$0$2,830,719
98$3,947,663$0$0$2,945,794
99$4,109,560$0$0$3,067,135
100$4,280,387$0$0$3,195,212