Can I retire at age 44 with 640,000?

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 $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%14.4%
1 years$52,851$52,380$51,921$51,472$51,034$50,107
2 years$26,164$25,676$25,204$24,746$24,302$23,371
3 years$17,269$16,780$16,309$15,855$15,418$14,512
4 years$12,823$12,335$11,869$11,423$10,996$10,123
5 years$10,156$9,671$9,211$8,774$8,359$7,520
6 years$8,378$7,897$7,443$7,016$6,614$5,811
7 years$7,109$6,632$6,186$5,769$5,379$4,612
8 years$6,158$5,685$5,246$4,839$4,463$3,731
9 years$5,418$4,950$4,518$4,122$3,758$3,062
10 years$4,827$4,363$3,939$3,553$3,202$2,541
11 years$4,343$3,884$3,468$3,092$2,754$2,127
12 years$3,941$3,486$3,078$2,712$2,387$1,793
13 years$3,600$3,150$2,750$2,395$2,081$1,520
14 years$3,309$2,864$2,471$2,126$1,824$1,294
15 years$3,056$2,616$2,231$1,896$1,606$1,106
16 years$2,835$2,400$2,022$1,697$1,420$949
17 years$2,641$2,210$1,840$1,525$1,259$816
18 years$2,468$2,042$1,680$1,374$1,119$703
19 years$2,314$1,893$1,538$1,242$998$607
20 years$2,175$1,759$1,411$1,125$891$525
21 years$2,050$1,638$1,298$1,021$797$455
22 years$1,936$1,529$1,197$928$715$394
23 years$1,832$1,430$1,105$845$642$342
24 years$1,737$1,340$1,022$771$577$298
25 years$1,650$1,258$946$704$519$259
26 years$1,570$1,182$878$644$467$225
27 years$1,495$1,112$815$589$421$196
28 years$1,426$1,048$758$540$380$171
29 years$1,362$989$705$495$343$149
30 years$1,303$934$657$454$310$130
31 years$1,247$883$612$417$280$113
32 years$1,195$835$571$384$254$99
33 years$1,146$791$533$353$230$86
34 years$1,100$750$498$324$208$75
35 years$1,057$711$466$299$188$66
36 years$1,016$675$436$275$171$57
37 years$978$641$408$253$155$50
38 years$942$609$382$234$140$44
39 years$908$579$358$215$127$38
40 years$875$551$335$199$115$33
41 years$844$525$315$183$105$29
42 years$815$500$295$169$95$25
43 years$787$476$277$156$86$22
44 years$760$454$260$144$78$19
45 years$735$433$244$133$71$17
46 years$711$413$229$123$64$15
47 years$688$394$215$114$59$13
48 years$666$376$202$105$53$11
49 years$645$359$190$97$48$10
50 years$625$343$179$90$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $640,000, adding $6,277 every year, while hoping to spend $50,368 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: 81/10/9 Blend
43$640,000$640,000$640,000$640,000
44$711,755$677,835$667,915$767,971
45$730,763$657,457$636,699$785,335
46$750,021$634,394$602,749$797,101
47$769,503$608,458$565,920$808,502
48$789,175$579,456$526,062$819,475
49$809,002$547,180$483,016$829,951
50$828,939$511,411$436,616$839,852
51$848,939$471,919$386,691$849,097
52$868,946$428,457$333,060$857,591
53$888,896$380,769$275,535$865,236
54$908,717$328,581$213,919$871,919
55$928,328$271,603$148,007$877,518
56$947,638$209,532$77,586$881,901
57$966,543$142,045$2,431$884,921
58$984,926$68,802$0$886,417
59$1,002,659$0$0$893,681
60$1,019,594$0$0$900,947
61$1,035,569$0$0$914,918
62$1,050,400$0$0$927,859
63$1,063,884$0$0$939,588
64$1,075,794$0$0$949,901
65$1,085,874$0$0$958,573
66$1,093,845$0$0$965,350
67$1,099,390$0$0$969,952
68$1,102,161$0$0$972,067
69$1,101,769$0$0$971,347
70$1,097,784$0$0$967,409
71$1,089,727$0$0$959,823
72$1,077,068$0$0$948,117
73$1,059,216$0$0$931,764
74$1,035,522$0$0$910,182
75$1,005,260$0$0$882,724
76$967,632$0$0$848,677
77$921,750$0$0$807,248
78$866,634$0$0$757,561
79$801,199$0$0$698,648
80$724,243$0$0$629,435
81$634,440$0$0$548,738
82$530,321$0$0$455,246
83$410,263$0$0$347,509
84$272,474$0$0$223,927
85$114,972$0$0$82,729
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