Can I retire at age 44 with 580,000?

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 $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%16.9%
1 years$47,896$47,469$47,053$46,647$46,250$44,950
2 years$23,711$23,269$22,841$22,426$22,024$20,724
3 years$15,650$15,207$14,780$14,369$13,973$12,714
4 years$11,621$11,179$10,756$10,352$9,966$8,757
5 years$9,204$8,764$8,347$7,951$7,576$6,421
6 years$7,593$7,157$6,746$6,359$5,994$4,895
7 years$6,443$6,010$5,606$5,228$4,875$3,830
8 years$5,580$5,152$4,754$4,385$4,044$3,054
9 years$4,910$4,486$4,095$3,735$3,406$2,469
10 years$4,374$3,954$3,570$3,220$2,902$2,017
11 years$3,936$3,520$3,143$2,802$2,496$1,662
12 years$3,571$3,159$2,789$2,458$2,163$1,378
13 years$3,263$2,855$2,492$2,170$1,886$1,149
14 years$2,998$2,595$2,239$1,926$1,653$962
15 years$2,770$2,371$2,022$1,718$1,456$808
16 years$2,570$2,175$1,833$1,538$1,287$681
17 years$2,393$2,003$1,668$1,382$1,141$575
18 years$2,237$1,851$1,522$1,246$1,014$486
19 years$2,097$1,715$1,394$1,125$904$412
20 years$1,971$1,594$1,279$1,019$808$350
21 years$1,858$1,485$1,177$925$723$297
22 years$1,754$1,386$1,084$841$648$253
23 years$1,660$1,296$1,001$766$581$215
24 years$1,574$1,215$926$699$523$183
25 years$1,495$1,140$858$638$470$156
26 years$1,422$1,071$795$583$424$133
27 years$1,355$1,008$739$534$382$114
28 years$1,293$950$687$489$345$97
29 years$1,235$896$639$449$311$83
30 years$1,181$846$595$412$281$71
31 years$1,130$800$555$378$254$61
32 years$1,083$757$518$348$230$52
33 years$1,039$717$483$320$208$44
34 years$997$680$452$294$188$38
35 years$958$645$422$271$171$32
36 years$921$612$395$249$155$28
37 years$886$581$370$230$140$24
38 years$854$552$346$212$127$20
39 years$822$525$324$195$115$17
40 years$793$500$304$180$104$15
41 years$765$476$285$166$95$13
42 years$738$453$267$153$86$11
43 years$713$431$251$142$78$9
44 years$689$411$236$131$71$8
45 years$666$392$221$121$64$7
46 years$644$374$208$111$58$6
47 years$624$357$195$103$53$5
48 years$604$341$183$95$48$4
49 years$585$326$172$88$44$4
50 years$566$311$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $580,000, adding $2,153 every year, while hoping to spend $40,387 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: 63/14/23 Blend
43$580,000$580,000$580,000$580,000
44$641,381$610,641$601,651$677,804
45$663,830$597,591$578,835$689,612
46$687,216$582,548$553,901$697,818
47$711,591$565,371$526,735$705,871
48$737,011$545,913$497,219$713,759
49$763,539$524,015$465,229$721,474
50$791,241$499,513$430,634$729,005
51$820,187$472,229$393,301$736,344
52$850,456$441,977$353,086$743,485
53$882,130$408,562$309,842$750,421
54$915,300$371,774$263,414$757,148
55$950,064$331,395$213,642$763,663
56$986,528$287,191$160,356$769,966
57$1,024,808$238,917$103,382$776,059
58$1,065,028$186,313$42,535$781,948
59$1,107,325$129,107$0$787,642
60$1,151,846$67,007$0$798,650
61$1,198,753$0$0$820,990
62$1,248,222$0$0$844,331
63$1,300,443$0$0$879,885
64$1,355,625$0$0$917,473
65$1,413,995$0$0$957,251
66$1,475,803$0$0$999,392
67$1,541,318$0$0$1,044,083
68$1,610,838$0$0$1,091,529
69$1,684,687$0$0$1,141,954
70$1,763,218$0$0$1,195,605
71$1,846,821$0$0$1,252,748
72$1,935,920$0$0$1,313,679
73$2,030,979$0$0$1,378,719
74$2,132,509$0$0$1,448,220
75$2,241,068$0$0$1,522,571
76$2,357,267$0$0$1,602,194
77$2,481,778$0$0$1,687,555
78$2,615,338$0$0$1,779,164
79$2,758,754$0$0$1,877,580
80$2,912,913$0$0$1,983,418
81$3,078,788$0$0$2,097,353
82$3,257,448$0$0$2,220,126
83$3,450,068$0$0$2,352,550
84$3,657,935$0$0$2,495,520
85$3,882,469$0$0$2,650,017
86$4,125,224$0$0$2,817,121
87$4,387,913$0$0$2,998,020
88$4,672,416$0$0$3,194,017
89$4,980,803$0$0$3,406,547
90$5,315,346$0$0$3,637,187
91$5,678,548$0$0$3,887,672
92$6,073,159$0$0$4,159,911
93$6,502,205$0$0$4,456,003
94$6,969,016$0$0$4,778,258
95$7,477,255$0$0$5,129,216
96$8,030,952$0$0$5,511,674
97$8,634,543$0$0$5,928,711
98$9,292,910$0$0$6,383,713
99$10,011,426$0$0$6,880,408
100$10,796,007$0$0$7,422,902