Can I retire at age 44 with 620,000?

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 $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%16.2%
1 years$51,199$50,743$50,298$49,864$49,440$48,186
2 years$25,346$24,874$24,417$23,973$23,543$22,288
3 years$16,730$16,255$15,799$15,360$14,936$13,719
4 years$12,422$11,949$11,498$11,066$10,653$9,483
5 years$9,838$9,369$8,923$8,500$8,098$6,979
6 years$8,116$7,650$7,211$6,797$6,408$5,340
7 years$6,887$6,425$5,992$5,588$5,211$4,196
8 years$5,965$5,507$5,082$4,688$4,323$3,359
9 years$5,249$4,795$4,377$3,993$3,641$2,727
10 years$4,676$4,226$3,816$3,442$3,102$2,238
11 years$4,207$3,763$3,360$2,996$2,668$1,852
12 years$3,817$3,377$2,982$2,628$2,312$1,543
13 years$3,488$3,052$2,664$2,320$2,016$1,292
14 years$3,205$2,774$2,393$2,059$1,767$1,087
15 years$2,961$2,534$2,161$1,836$1,556$917
16 years$2,747$2,325$1,959$1,644$1,375$777
17 years$2,558$2,141$1,783$1,477$1,219$659
18 years$2,391$1,979$1,627$1,331$1,084$561
19 years$2,242$1,834$1,490$1,203$966$478
20 years$2,107$1,704$1,367$1,090$863$408
21 years$1,986$1,587$1,258$989$772$348
22 years$1,875$1,482$1,159$899$692$298
23 years$1,775$1,386$1,070$819$622$255
24 years$1,683$1,298$990$747$559$219
25 years$1,598$1,218$917$682$503$187
26 years$1,521$1,145$850$624$453$161
27 years$1,449$1,078$790$571$408$138
28 years$1,382$1,016$734$523$368$118
29 years$1,320$958$683$480$333$102
30 years$1,262$905$636$440$301$87
31 years$1,208$855$593$404$272$75
32 years$1,158$809$553$372$246$64
33 years$1,110$766$517$342$222$55
34 years$1,066$726$483$314$201$48
35 years$1,024$689$451$289$182$41
36 years$985$654$422$267$165$35
37 years$948$621$395$246$150$30
38 years$912$590$370$226$136$26
39 years$879$561$347$209$123$22
40 years$848$534$325$192$112$19
41 years$818$508$305$178$101$17
42 years$789$484$286$164$92$14
43 years$762$461$268$151$83$12
44 years$737$440$252$140$76$11
45 years$712$419$236$129$69$9
46 years$689$400$222$119$62$8
47 years$667$382$209$110$57$7
48 years$645$364$196$102$51$6
49 years$625$348$184$94$47$5
50 years$605$332$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $620,000, adding $2,340 every year, while hoping to spend $31,034 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: 54/38/8 Blend
43$620,000$620,000$620,000$620,000
44$685,654$652,794$643,184$721,230
45$722,570$651,761$631,710$744,544
46$762,213$649,637$618,813$766,301
47$804,825$646,336$604,410$789,234
48$850,678$641,767$588,418$813,461
49$900,066$635,832$570,749$839,111
50$953,314$628,429$551,310$866,330
51$1,010,779$619,449$530,006$895,278
52$1,072,852$608,776$506,735$926,133
53$1,139,964$596,288$481,392$959,096
54$1,212,589$581,854$453,867$994,386
55$1,291,247$565,338$424,045$1,032,249
56$1,376,509$546,595$391,806$1,072,959
57$1,469,005$525,470$357,023$1,116,816
58$1,569,426$501,802$319,567$1,164,159
59$1,678,534$475,416$279,299$1,215,358
60$1,797,165$446,132$236,076$1,270,829
61$1,926,241$413,757$189,749$1,331,030
62$2,066,773$378,087$140,161$1,396,470
63$2,219,878$338,907$87,151$1,467,713
64$2,386,782$295,990$30,546$1,545,386
65$2,568,834$249,095$0$1,630,179
66$2,767,522$197,967$0$1,725,412
67$2,984,482$142,340$0$1,832,333
68$3,221,513$81,928$0$1,949,292
69$3,480,599$16,434$0$2,077,348
70$3,763,922$0$0$2,217,675
71$4,073,886$0$0$2,394,341
72$4,413,136$0$0$2,595,279
73$4,784,587$0$0$2,815,349
74$5,191,447$0$0$3,056,460
75$5,637,250$0$0$3,320,713
76$6,125,887$0$0$3,610,423
77$6,661,645$0$0$3,928,141
78$7,249,245$0$0$4,276,673
79$7,893,885$0$0$4,659,113
80$8,601,292$0$0$5,078,868
81$9,377,776$0$0$5,539,691
82$10,230,284$0$0$6,045,715
83$11,166,471$0$0$6,601,495
84$12,194,769$0$0$7,212,046
85$13,324,467$0$0$7,882,895
86$14,565,798$0$0$8,620,130
87$15,930,036$0$0$9,430,458
88$17,429,599$0$0$10,321,269
89$19,078,170$0$0$11,300,702
90$20,890,824$0$0$12,377,728
91$22,884,170$0$0$13,562,228
92$25,076,505$0$0$14,865,089
93$27,487,990$0$0$16,298,306
94$30,140,838$0$0$17,875,096
95$33,059,521$0$0$19,610,021
96$36,271,007$0$0$21,519,126
97$39,805,005$0$0$23,620,090
98$43,694,254$0$0$25,932,391
99$47,974,823$0$0$28,477,493
100$52,686,460$0$0$31,279,046