Can I retire at age 44 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$52,851$52,380$51,921$51,472$51,034$50,272
2 years$26,164$25,676$25,204$24,746$24,302$23,536
3 years$17,269$16,780$16,309$15,855$15,418$14,672
4 years$12,823$12,335$11,869$11,423$10,996$10,275
5 years$10,156$9,671$9,211$8,774$8,359$7,666
6 years$8,378$7,897$7,443$7,016$6,614$5,950
7 years$7,109$6,632$6,186$5,769$5,379$4,743
8 years$6,158$5,685$5,246$4,839$4,463$3,855
9 years$5,418$4,950$4,518$4,122$3,758$3,179
10 years$4,827$4,363$3,939$3,553$3,202$2,651
11 years$4,343$3,884$3,468$3,092$2,754$2,230
12 years$3,941$3,486$3,078$2,712$2,387$1,889
13 years$3,600$3,150$2,750$2,395$2,081$1,610
14 years$3,309$2,864$2,471$2,126$1,824$1,378
15 years$3,056$2,616$2,231$1,896$1,606$1,185
16 years$2,835$2,400$2,022$1,697$1,420$1,022
17 years$2,641$2,210$1,840$1,525$1,259$884
18 years$2,468$2,042$1,680$1,374$1,119$766
19 years$2,314$1,893$1,538$1,242$998$665
20 years$2,175$1,759$1,411$1,125$891$579
21 years$2,050$1,638$1,298$1,021$797$504
22 years$1,936$1,529$1,197$928$715$440
23 years$1,832$1,430$1,105$845$642$385
24 years$1,737$1,340$1,022$771$577$336
25 years$1,650$1,258$946$704$519$294
26 years$1,570$1,182$878$644$467$258
27 years$1,495$1,112$815$589$421$226
28 years$1,426$1,048$758$540$380$198
29 years$1,362$989$705$495$343$174
30 years$1,303$934$657$454$310$152
31 years$1,247$883$612$417$280$134
32 years$1,195$835$571$384$254$118
33 years$1,146$791$533$353$230$103
34 years$1,100$750$498$324$208$91
35 years$1,057$711$466$299$188$80
36 years$1,016$675$436$275$171$70
37 years$978$641$408$253$155$62
38 years$942$609$382$234$140$54
39 years$908$579$358$215$127$48
40 years$875$551$335$199$115$42
41 years$844$525$315$183$105$37
42 years$815$500$295$169$95$32
43 years$787$476$277$156$86$29
44 years$760$454$260$144$78$25
45 years$735$433$244$133$71$22
46 years$711$413$229$123$64$19
47 years$688$394$215$114$59$17
48 years$666$376$202$105$53$15
49 years$645$359$190$97$48$13
50 years$625$343$179$90$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $640,000, adding $2,214 every year, while hoping to spend $38,668 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: 55/25/20 Blend
43$640,000$640,000$640,000$640,000
44$707,564$673,644$663,724$742,538
45$738,593$665,510$644,816$758,562
46$771,491$655,681$623,979$771,714
47$806,408$644,035$601,107$785,196
48$843,507$630,438$576,090$799,049
49$882,968$614,753$548,812$813,321
50$924,987$596,832$519,154$828,069
51$969,779$576,520$486,988$843,355
52$1,017,578$553,651$452,184$859,252
53$1,068,643$528,052$414,604$875,842
54$1,123,255$499,537$374,104$893,218
55$1,181,725$467,912$330,534$911,485
56$1,244,391$432,970$283,737$930,763
57$1,311,626$394,493$233,550$951,187
58$1,383,839$352,250$179,801$972,908
59$1,461,478$305,998$122,312$996,098
60$1,545,036$255,478$60,896$1,020,949
61$1,635,052$200,420$0$1,047,678
62$1,732,122$140,535$0$1,077,518
63$1,836,897$75,520$0$1,123,683
64$1,950,095$5,054$0$1,173,514
65$2,072,502$0$0$1,227,400
66$2,204,985$0$0$1,305,358
67$2,348,496$0$0$1,391,361
68$2,504,080$0$0$1,484,651
69$2,672,890$0$0$1,585,924
70$2,856,190$0$0$1,695,948
71$3,055,372$0$0$1,815,564
72$3,271,969$0$0$1,945,699
73$3,507,664$0$0$2,087,375
74$3,764,311$0$0$2,241,712
75$4,043,951$0$0$2,409,947
76$4,348,828$0$0$2,593,439
77$4,681,413$0$0$2,793,683
78$5,044,425$0$0$3,012,328
79$5,440,858$0$0$3,251,185
80$5,874,007$0$0$3,512,251
81$6,347,500$0$0$3,797,724
82$6,865,331$0$0$4,110,022
83$7,431,898$0$0$4,451,810
84$8,052,043$0$0$4,826,021
85$8,731,099$0$0$5,235,886
86$9,474,938$0$0$5,684,962
87$10,290,027$0$0$6,177,166
88$11,183,486$0$0$6,716,814
89$12,163,161$0$0$7,308,658
90$13,237,689$0$0$7,957,931
91$14,416,587$0$0$8,670,400
92$15,710,336$0$0$9,452,415
93$17,130,479$0$0$10,310,971
94$18,689,733$0$0$11,253,773
95$20,402,109$0$0$12,289,310
96$22,283,036$0$0$13,426,933
97$24,349,515$0$0$14,676,943
98$26,620,273$0$0$16,050,689
99$29,115,943$0$0$17,560,673
100$31,859,253$0$0$19,220,669