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%14.8%
1 years$47,896$47,469$47,053$46,647$46,250$45,335
2 years$23,711$23,269$22,841$22,426$22,024$21,106
3 years$15,650$15,207$14,780$14,369$13,973$13,080
4 years$11,621$11,179$10,756$10,352$9,966$9,105
5 years$9,204$8,764$8,347$7,951$7,576$6,751
6 years$7,593$7,157$6,746$6,359$5,994$5,205
7 years$6,443$6,010$5,606$5,228$4,875$4,122
8 years$5,580$5,152$4,754$4,385$4,044$3,327
9 years$4,910$4,486$4,095$3,735$3,406$2,724
10 years$4,374$3,954$3,570$3,220$2,902$2,255
11 years$3,936$3,520$3,143$2,802$2,496$1,883
12 years$3,571$3,159$2,789$2,458$2,163$1,583
13 years$3,263$2,855$2,492$2,170$1,886$1,338
14 years$2,998$2,595$2,239$1,926$1,653$1,136
15 years$2,770$2,371$2,022$1,718$1,456$969
16 years$2,570$2,175$1,833$1,538$1,287$828
17 years$2,393$2,003$1,668$1,382$1,141$710
18 years$2,237$1,851$1,522$1,246$1,014$610
19 years$2,097$1,715$1,394$1,125$904$525
20 years$1,971$1,594$1,279$1,019$808$453
21 years$1,858$1,485$1,177$925$723$391
22 years$1,754$1,386$1,084$841$648$338
23 years$1,660$1,296$1,001$766$581$293
24 years$1,574$1,215$926$699$523$254
25 years$1,495$1,140$858$638$470$220
26 years$1,422$1,071$795$583$424$191
27 years$1,355$1,008$739$534$382$166
28 years$1,293$950$687$489$345$144
29 years$1,235$896$639$449$311$125
30 years$1,181$846$595$412$281$108
31 years$1,130$800$555$378$254$94
32 years$1,083$757$518$348$230$82
33 years$1,039$717$483$320$208$71
34 years$997$680$452$294$188$62
35 years$958$645$422$271$171$54
36 years$921$612$395$249$155$47
37 years$886$581$370$230$140$41
38 years$854$552$346$212$127$36
39 years$822$525$324$195$115$31
40 years$793$500$304$180$104$27
41 years$765$476$285$166$95$23
42 years$738$453$267$153$86$20
43 years$713$431$251$142$78$18
44 years$689$411$236$131$71$15
45 years$666$392$221$121$64$13
46 years$644$374$208$111$58$12
47 years$624$357$195$103$53$10
48 years$604$341$183$95$48$9
49 years$585$326$172$88$44$8
50 years$566$311$162$81$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $580,000, adding $2,296 every year, while hoping to spend $28,953 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: 62/22/16 Blend
43$580,000$580,000$580,000$580,000
44$641,528$610,788$601,798$678,601
45$676,158$609,911$591,153$702,932
46$713,350$608,021$579,180$726,004
47$753,335$605,037$565,806$750,503
48$796,366$600,874$550,951$776,568
49$842,720$595,442$534,533$804,355
50$892,705$588,646$516,467$834,038
51$946,654$580,383$496,662$865,806
52$1,004,938$570,547$475,025$899,873
53$1,067,961$559,023$451,458$936,472
54$1,136,168$545,690$425,857$975,863
55$1,210,050$530,422$398,116$1,018,333
56$1,290,145$513,082$368,122$1,064,200
57$1,377,044$493,528$335,759$1,113,817
58$1,471,400$471,607$300,904$1,167,574
59$1,573,927$447,160$263,428$1,225,901
60$1,685,414$420,018$223,200$1,289,276
61$1,806,727$390,000$180,078$1,358,227
62$1,938,821$356,917$133,918$1,433,337
63$2,082,744$320,569$84,568$1,515,253
64$2,239,651$280,745$31,868$1,604,688
65$2,410,814$237,219$0$1,702,431
66$2,597,631$189,757$0$1,813,517
67$2,801,642$138,108$0$1,940,826
68$3,024,542$82,008$0$2,080,008
69$3,268,198$21,179$0$2,232,275
70$3,534,664$0$0$2,398,962
71$3,826,202$0$0$2,592,359
72$4,145,304$0$0$2,809,693
73$4,494,712$0$0$3,047,713
74$4,877,448$0$0$3,308,481
75$5,296,837$0$0$3,594,269
76$5,756,544$0$0$3,907,579
77$6,260,602$0$0$4,251,168
78$6,813,457$0$0$4,628,071
79$7,420,002$0$0$5,041,632
80$8,085,630$0$0$5,495,533
81$8,816,278$0$0$5,993,831
82$9,618,489$0$0$6,540,995
83$10,499,468$0$0$7,141,947
84$11,467,154$0$0$7,802,110
85$12,530,291$0$0$8,527,457
86$13,698,513$0$0$9,324,570
87$14,982,432$0$0$10,200,699
88$16,393,742$0$0$11,163,831
89$17,945,323$0$0$12,222,767
90$19,651,367$0$0$13,387,201
91$21,527,509$0$0$14,667,816
92$23,590,976$0$0$16,076,379
93$25,860,749$0$0$17,625,858
94$28,357,738$0$0$19,330,539
95$31,104,985$0$0$21,206,163
96$34,127,876$0$0$23,270,074
97$37,454,382$0$0$25,541,381
98$41,115,325$0$0$28,041,141
99$45,144,662$0$0$30,792,555
100$49,579,812$0$0$33,821,186