Can I retire at age 44 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$48,722$48,288$47,864$47,451$47,047$45,688
2 years$24,120$23,670$23,235$22,813$22,404$21,045
3 years$15,920$15,469$15,035$14,616$14,214$12,898
4 years$11,821$11,371$10,941$10,530$10,137$8,875
5 years$9,362$8,915$8,491$8,088$7,706$6,501
6 years$7,724$7,280$6,862$6,468$6,098$4,950
7 years$6,554$6,114$5,702$5,318$4,959$3,869
8 years$5,677$5,241$4,836$4,461$4,114$3,081
9 years$4,995$4,563$4,165$3,800$3,465$2,488
10 years$4,450$4,022$3,631$3,276$2,952$2,030
11 years$4,004$3,580$3,197$2,851$2,539$1,670
12 years$3,633$3,214$2,837$2,500$2,200$1,383
13 years$3,319$2,904$2,535$2,208$1,919$1,152
14 years$3,050$2,640$2,278$1,960$1,682$963
15 years$2,817$2,412$2,056$1,748$1,481$808
16 years$2,614$2,213$1,864$1,565$1,309$679
17 years$2,435$2,038$1,697$1,406$1,160$573
18 years$2,275$1,883$1,549$1,267$1,032$484
19 years$2,133$1,745$1,418$1,145$920$410
20 years$2,005$1,622$1,301$1,037$821$347
21 years$1,890$1,510$1,197$941$735$295
22 years$1,785$1,410$1,103$856$659$250
23 years$1,689$1,319$1,018$779$591$213
24 years$1,602$1,236$942$711$532$181
25 years$1,521$1,159$872$649$478$154
26 years$1,447$1,090$809$593$431$131
27 years$1,378$1,026$751$543$389$112
28 years$1,315$966$698$498$351$95
29 years$1,256$912$650$456$317$81
30 years$1,201$861$605$419$286$69
31 years$1,150$814$564$385$259$59
32 years$1,102$770$527$354$234$50
33 years$1,057$729$492$325$212$43
34 years$1,014$691$459$299$192$37
35 years$975$656$430$275$174$31
36 years$937$622$402$254$157$27
37 years$902$591$376$234$143$23
38 years$868$562$352$215$129$19
39 years$837$534$330$199$117$17
40 years$807$508$309$183$106$14
41 years$778$484$290$169$96$12
42 years$751$461$272$156$88$10
43 years$725$439$255$144$79$9
44 years$701$418$240$133$72$8
45 years$678$399$225$123$65$6
46 years$655$381$211$113$59$5
47 years$634$363$199$105$54$5
48 years$614$347$187$97$49$4
49 years$595$331$175$89$45$3
50 years$576$316$165$83$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $590,000, adding $6,672 every year, while hoping to spend $23,607 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: 79/11/10 Blend
43$590,000$590,000$590,000$590,000
44$657,062$625,792$616,647$707,351
45$698,965$631,338$612,187$746,868
46$744,350$636,365$606,787$786,472
47$793,549$640,822$600,389$829,230
48$846,924$644,655$592,935$875,444
49$904,875$647,808$584,363$925,451
50$967,842$650,220$574,609$979,618
51$1,036,307$651,826$563,603$1,038,353
52$1,110,802$652,558$551,276$1,102,103
53$1,191,913$652,342$537,553$1,171,361
54$1,280,283$651,102$522,356$1,246,671
55$1,376,621$648,755$505,604$1,328,632
56$1,481,707$645,214$487,212$1,417,905
57$1,596,399$640,387$467,091$1,515,216
58$1,721,641$634,175$445,148$1,621,367
59$1,858,473$626,475$421,286$1,737,242
60$2,008,041$617,176$395,402$1,863,814
61$2,171,606$606,162$367,392$2,002,156
62$2,350,554$593,308$337,145$2,153,452
63$2,546,414$578,484$304,543$2,319,004
64$2,760,870$561,551$269,466$2,500,249
65$2,995,773$542,362$231,788$2,698,771
66$3,253,166$520,762$191,377$2,916,314
67$3,535,295$496,585$148,094$3,154,802
68$3,844,636$469,659$101,796$3,416,356
69$4,183,915$439,798$52,333$3,703,312
70$4,556,135$406,809$0$4,018,246
71$4,964,603$370,485$0$4,364,045
72$5,412,964$330,610$0$4,749,753
73$5,905,228$286,952$0$5,173,245
74$6,445,819$239,270$0$5,638,344
75$7,039,605$187,306$0$6,149,259
76$7,691,950$130,791$0$6,710,628
77$8,408,766$69,436$0$7,327,565
78$9,196,562$2,940$0$8,005,702
79$10,062,512$0$0$8,751,246
80$11,014,517$0$0$9,579,393
81$12,061,284$0$0$10,490,385
82$13,212,406$0$0$11,492,215
83$14,478,448$0$0$12,594,084
84$15,871,056$0$0$13,806,128
85$17,403,059$0$0$15,139,515
86$19,088,589$0$0$16,606,550
87$20,943,222$0$0$18,220,791
88$22,984,117$0$0$19,997,177
89$25,230,180$0$0$21,952,166
90$27,702,245$0$0$24,103,896
91$30,423,267$0$0$26,472,349
92$33,418,537$0$0$29,079,545
93$36,715,926$0$0$31,949,746
94$40,346,143$0$0$35,109,686
95$44,343,025$0$0$38,588,824
96$48,743,859$0$0$42,419,619
97$53,589,730$0$0$46,637,840
98$58,925,910$0$0$51,282,898
99$64,802,288$0$0$56,398,225
100$71,273,832$0$0$62,031,675