Can I retire at age 44 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$49,547$49,106$48,676$48,255$47,845$47,583
2 years$24,528$24,072$23,629$23,200$22,783$22,519
3 years$16,190$15,731$15,289$14,864$14,455$14,196
4 years$12,021$11,564$11,127$10,709$10,309$10,059
5 years$9,521$9,066$8,635$8,225$7,837$7,595
6 years$7,855$7,403$6,978$6,578$6,201$5,968
7 years$6,665$6,217$5,799$5,408$5,043$4,819
8 years$5,773$5,329$4,918$4,537$4,184$3,969
9 years$5,079$4,640$4,236$3,864$3,523$3,317
10 years$4,525$4,090$3,693$3,331$3,002$2,805
11 years$4,072$3,641$3,251$2,899$2,582$2,393
12 years$3,694$3,268$2,885$2,543$2,237$2,057
13 years$3,375$2,953$2,578$2,245$1,951$1,779
14 years$3,102$2,685$2,316$1,993$1,710$1,547
15 years$2,865$2,452$2,091$1,777$1,506$1,350
16 years$2,658$2,250$1,896$1,591$1,331$1,183
17 years$2,476$2,072$1,725$1,430$1,180$1,040
18 years$2,314$1,915$1,575$1,289$1,049$916
19 years$2,169$1,775$1,442$1,164$935$809
20 years$2,039$1,649$1,323$1,054$835$716
21 years$1,922$1,536$1,217$957$748$635
22 years$1,815$1,434$1,122$870$670$564
23 years$1,718$1,341$1,036$792$601$501
24 years$1,629$1,256$958$723$541$446
25 years$1,547$1,179$887$660$486$397
26 years$1,472$1,108$823$604$438$354
27 years$1,402$1,043$764$552$395$316
28 years$1,337$983$710$506$356$282
29 years$1,277$927$661$464$322$252
30 years$1,221$876$616$426$291$226
31 years$1,169$828$574$391$263$202
32 years$1,120$783$536$360$238$181
33 years$1,075$742$500$331$215$162
34 years$1,032$703$467$304$195$145
35 years$991$667$437$280$177$130
36 years$953$633$409$258$160$116
37 years$917$601$382$238$145$104
38 years$883$571$358$219$131$94
39 years$851$543$336$202$119$84
40 years$820$517$315$186$108$75
41 years$791$492$295$172$98$68
42 years$764$468$277$159$89$61
43 years$738$446$260$146$81$54
44 years$713$425$244$135$73$49
45 years$689$406$229$125$67$44
46 years$667$387$215$115$60$39
47 years$645$369$202$107$55$35
48 years$624$353$190$98$50$32
49 years$605$337$178$91$45$28
50 years$586$322$168$84$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $600,000, adding $4,950 every year, while hoping to spend $39,673 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: 73/21/6 Blend
43$600,000$600,000$600,000$600,000
44$666,306$634,506$625,206$714,118
45$692,057$623,385$603,939$735,170
46$719,106$610,389$580,629$752,737
47$747,542$595,385$555,167$770,847
48$777,463$578,232$527,437$789,542
49$808,977$558,778$497,320$808,868
50$842,201$536,866$464,687$828,875
51$877,260$512,327$429,409$849,620
52$914,294$484,984$391,348$871,168
53$953,453$454,650$350,359$893,589
54$994,902$421,125$306,293$916,963
55$1,038,822$384,199$258,994$941,380
56$1,085,408$343,651$208,296$966,938
57$1,134,875$299,246$154,030$993,747
58$1,187,459$250,736$96,017$1,021,933
59$1,243,417$197,858$34,070$1,051,631
60$1,303,029$140,338$0$1,082,997
61$1,366,605$77,881$0$1,118,251
62$1,434,481$10,180$0$1,157,996
63$1,507,029$0$0$1,200,272
64$1,584,652$0$0$1,259,910
65$1,667,796$0$0$1,326,327
66$1,756,948$0$0$1,397,563
67$1,852,643$0$0$1,474,047
68$1,955,468$0$0$1,556,251
69$2,066,068$0$0$1,644,694
70$2,185,150$0$0$1,739,944
71$2,313,492$0$0$1,842,625
72$2,451,946$0$0$1,953,423
73$2,601,450$0$0$2,073,093
74$2,763,036$0$0$2,202,462
75$2,937,834$0$0$2,342,441
76$3,127,091$0$0$2,494,031
77$3,332,173$0$0$2,658,332
78$3,554,587$0$0$2,836,554
79$3,795,988$0$0$3,030,027
80$4,058,194$0$0$3,240,215
81$4,343,208$0$0$3,468,728
82$4,653,232$0$0$3,717,336
83$4,990,690$0$0$3,987,988
84$5,358,248$0$0$4,282,829
85$5,758,840$0$0$4,604,217
86$6,195,695$0$0$4,954,750
87$6,672,366$0$0$5,337,286
88$7,192,767$0$0$5,754,971
89$7,761,202$0$0$6,211,269
90$8,382,414$0$0$6,709,991
91$9,061,620$0$0$7,255,335
92$9,804,568$0$0$7,851,924
93$10,617,585$0$0$8,504,847
94$11,507,637$0$0$9,219,706
95$12,482,396$0$0$10,002,672
96$13,550,313$0$0$10,860,542
97$14,720,689$0$0$11,800,799
98$16,003,775$0$0$12,831,686
99$17,410,854$0$0$13,962,279
100$18,954,358$0$0$15,202,579