Can I retire at age 44 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$51,199$50,743$50,298$49,864$49,440$48,382
2 years$25,346$24,874$24,417$23,973$23,543$22,482
3 years$16,730$16,255$15,799$15,360$14,936$13,906
4 years$12,422$11,949$11,498$11,066$10,653$9,661
5 years$9,838$9,369$8,923$8,500$8,098$7,147
6 years$8,116$7,650$7,211$6,797$6,408$5,499
7 years$6,887$6,425$5,992$5,588$5,211$4,345
8 years$5,965$5,507$5,082$4,688$4,323$3,499
9 years$5,249$4,795$4,377$3,993$3,641$2,858
10 years$4,676$4,226$3,816$3,442$3,102$2,360
11 years$4,207$3,763$3,360$2,996$2,668$1,965
12 years$3,817$3,377$2,982$2,628$2,312$1,648
13 years$3,488$3,052$2,664$2,320$2,016$1,389
14 years$3,205$2,774$2,393$2,059$1,767$1,177
15 years$2,961$2,534$2,161$1,836$1,556$1,000
16 years$2,747$2,325$1,959$1,644$1,375$853
17 years$2,558$2,141$1,783$1,477$1,219$729
18 years$2,391$1,979$1,627$1,331$1,084$625
19 years$2,242$1,834$1,490$1,203$966$536
20 years$2,107$1,704$1,367$1,090$863$461
21 years$1,986$1,587$1,258$989$772$397
22 years$1,875$1,482$1,159$899$692$342
23 years$1,775$1,386$1,070$819$622$295
24 years$1,683$1,298$990$747$559$255
25 years$1,598$1,218$917$682$503$220
26 years$1,521$1,145$850$624$453$190
27 years$1,449$1,078$790$571$408$165
28 years$1,382$1,016$734$523$368$143
29 years$1,320$958$683$480$333$123
30 years$1,262$905$636$440$301$107
31 years$1,208$855$593$404$272$93
32 years$1,158$809$553$372$246$80
33 years$1,110$766$517$342$222$70
34 years$1,066$726$483$314$201$60
35 years$1,024$689$451$289$182$52
36 years$985$654$422$267$165$45
37 years$948$621$395$246$150$39
38 years$912$590$370$226$136$34
39 years$879$561$347$209$123$30
40 years$848$534$325$192$112$26
41 years$818$508$305$178$101$22
42 years$789$484$286$164$92$19
43 years$762$461$268$151$83$17
44 years$737$440$252$140$76$15
45 years$712$419$236$129$69$13
46 years$689$400$222$119$62$11
47 years$667$382$209$110$57$10
48 years$645$364$196$102$51$8
49 years$625$348$184$94$47$7
50 years$605$332$173$87$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $620,000, adding $6,406 every year, while hoping to spend $49,499 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: 32/49/19 Blend
43$620,000$620,000$620,000$620,000
44$689,848$656,988$647,378$707,672
45$707,546$636,514$616,398$701,041
46$725,390$613,377$582,722$688,933
47$743,343$587,396$546,207$674,847
48$761,362$558,376$506,703$658,639
49$779,398$526,114$464,054$640,156
50$797,396$490,393$418,099$619,236
51$815,292$450,984$368,668$595,706
52$833,015$407,646$315,581$569,381
53$850,485$360,123$258,656$540,066
54$867,611$308,145$197,697$507,552
55$884,290$251,427$132,503$471,617
56$900,409$189,668$62,862$432,023
57$915,838$122,549$0$388,520
58$930,433$49,734$0$343,161
59$944,035$0$0$307,089
60$956,463$0$0$282,997
61$967,517$0$0$285,185
62$976,973$0$0$286,756
63$984,584$0$0$287,620
64$990,071$0$0$287,678
65$993,127$0$0$286,820
66$993,411$0$0$284,923
67$990,541$0$0$281,851
68$984,096$0$0$277,453
69$973,608$0$0$271,563
70$958,559$0$0$263,995
71$938,372$0$0$254,545
72$912,410$0$0$242,984
73$879,967$0$0$229,062
74$840,261$0$0$212,501
75$792,428$0$0$192,993
76$735,509$0$0$170,198
77$668,445$0$0$143,740
78$590,065$0$0$113,203
79$499,074$0$0$78,127
80$394,039$0$0$38,005
81$273,379$0$0$0
82$135,344$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0