Can I retire at age 44 with 590,000?

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 $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%12.4%
1 years$48,722$48,288$47,864$47,451$47,047$46,575
2 years$24,120$23,670$23,235$22,813$22,404$21,928
3 years$15,920$15,469$15,035$14,616$14,214$13,750
4 years$11,821$11,371$10,941$10,530$10,137$9,688
5 years$9,362$8,915$8,491$8,088$7,706$7,273
6 years$7,724$7,280$6,862$6,468$6,098$5,682
7 years$6,554$6,114$5,702$5,318$4,959$4,560
8 years$5,677$5,241$4,836$4,461$4,114$3,732
9 years$4,995$4,563$4,165$3,800$3,465$3,099
10 years$4,450$4,022$3,631$3,276$2,952$2,603
11 years$4,004$3,580$3,197$2,851$2,539$2,206
12 years$3,633$3,214$2,837$2,500$2,200$1,884
13 years$3,319$2,904$2,535$2,208$1,919$1,618
14 years$3,050$2,640$2,278$1,960$1,682$1,396
15 years$2,817$2,412$2,056$1,748$1,481$1,210
16 years$2,614$2,213$1,864$1,565$1,309$1,052
17 years$2,435$2,038$1,697$1,406$1,160$917
18 years$2,275$1,883$1,549$1,267$1,032$802
19 years$2,133$1,745$1,418$1,145$920$703
20 years$2,005$1,622$1,301$1,037$821$617
21 years$1,890$1,510$1,197$941$735$543
22 years$1,785$1,410$1,103$856$659$478
23 years$1,689$1,319$1,018$779$591$421
24 years$1,602$1,236$942$711$532$372
25 years$1,521$1,159$872$649$478$328
26 years$1,447$1,090$809$593$431$290
27 years$1,378$1,026$751$543$389$257
28 years$1,315$966$698$498$351$227
29 years$1,256$912$650$456$317$201
30 years$1,201$861$605$419$286$179
31 years$1,150$814$564$385$259$158
32 years$1,102$770$527$354$234$140
33 years$1,057$729$492$325$212$125
34 years$1,014$691$459$299$192$111
35 years$975$656$430$275$174$98
36 years$937$622$402$254$157$87
37 years$902$591$376$234$143$77
38 years$868$562$352$215$129$69
39 years$837$534$330$199$117$61
40 years$807$508$309$183$106$54
41 years$778$484$290$169$96$48
42 years$751$461$272$156$88$43
43 years$725$439$255$144$79$38
44 years$701$418$240$133$72$34
45 years$678$399$225$123$65$30
46 years$655$381$211$113$59$27
47 years$634$363$199$105$54$24
48 years$614$347$187$97$49$21
49 years$595$331$175$89$45$19
50 years$576$316$165$83$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $590,000, adding $3,901 every year, while hoping to spend $44,307 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: 51/31/18 Blend
43$590,000$590,000$590,000$590,000
44$654,204$622,934$613,789$684,136
45$673,790$606,315$587,209$688,542
46$693,890$587,398$558,253$688,409
47$714,507$566,021$526,795$687,305
48$735,648$542,017$492,704$685,154
49$757,315$515,207$455,840$681,875
50$779,512$485,402$416,061$677,381
51$802,238$452,403$373,215$671,579
52$825,493$415,998$327,145$664,371
53$849,276$375,964$277,687$655,653
54$873,581$332,065$224,668$645,314
55$898,402$284,052$167,911$633,236
56$923,730$231,662$107,227$619,293
57$949,553$174,616$42,421$603,352
58$975,855$112,620$0$585,271
59$1,002,618$45,363$0$570,035
60$1,029,818$0$0$561,375
61$1,057,428$0$0$560,382
62$1,085,414$0$0$575,043
63$1,113,740$0$0$589,860
64$1,142,360$0$0$604,809
65$1,171,222$0$0$619,857
66$1,200,266$0$0$634,971
67$1,229,425$0$0$650,112
68$1,258,620$0$0$665,233
69$1,287,763$0$0$680,285
70$1,316,752$0$0$695,208
71$1,345,473$0$0$709,938
72$1,373,799$0$0$724,400
73$1,401,582$0$0$738,513
74$1,428,661$0$0$752,182
75$1,454,851$0$0$765,302
76$1,479,948$0$0$777,758
77$1,503,720$0$0$789,418
78$1,525,911$0$0$800,135
79$1,546,233$0$0$809,746
80$1,564,366$0$0$818,070
81$1,579,951$0$0$824,903
82$1,592,590$0$0$830,021
83$1,601,840$0$0$833,170
84$1,607,208$0$0$834,074
85$1,608,147$0$0$832,421
86$1,604,046$0$0$827,868
87$1,594,231$0$0$820,032
88$1,577,952$0$0$808,490
89$1,554,377$0$0$792,772
90$1,522,585$0$0$772,359
91$1,481,555$0$0$746,673
92$1,430,155$0$0$715,077
93$1,367,133$0$0$676,863
94$1,291,102$0$0$631,250
95$1,200,529$0$0$577,373
96$1,093,716$0$0$514,276
97$968,786$0$0$440,900
98$823,664$0$0$356,075
99$656,055$0$0$258,510
100$463,424$0$0$146,776