Can I retire at age 44 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$53,676$53,198$52,732$52,276$51,832$50,213
2 years$26,572$26,078$25,598$25,133$24,682$23,065
3 years$17,539$17,042$16,564$16,103$15,659$14,096
4 years$13,023$12,528$12,054$11,601$11,168$9,670
5 years$10,314$9,822$9,354$8,911$8,490$7,060
6 years$8,509$8,020$7,560$7,126$6,718$5,358
7 years$7,220$6,735$6,282$5,859$5,463$4,174
8 years$6,254$5,773$5,328$4,915$4,532$3,312
9 years$5,503$5,027$4,589$4,186$3,817$2,665
10 years$4,902$4,431$4,001$3,609$3,252$2,167
11 years$4,411$3,945$3,522$3,141$2,797$1,776
12 years$4,002$3,540$3,126$2,755$2,424$1,465
13 years$3,656$3,200$2,793$2,432$2,114$1,214
14 years$3,360$2,908$2,509$2,159$1,853$1,011
15 years$3,104$2,657$2,266$1,925$1,631$844
16 years$2,880$2,438$2,054$1,724$1,442$707
17 years$2,682$2,245$1,869$1,549$1,278$594
18 years$2,507$2,074$1,706$1,396$1,137$500
19 years$2,350$1,923$1,562$1,261$1,013$421
20 years$2,209$1,786$1,433$1,142$905$355
21 years$2,082$1,664$1,319$1,037$810$300
22 years$1,966$1,553$1,215$943$726$253
23 years$1,861$1,453$1,122$858$652$214
24 years$1,764$1,361$1,038$783$586$182
25 years$1,676$1,277$961$715$527$154
26 years$1,594$1,201$891$654$475$130
27 years$1,519$1,130$828$598$428$110
28 years$1,449$1,065$769$548$386$94
29 years$1,384$1,004$716$503$349$79
30 years$1,323$949$667$461$315$67
31 years$1,267$897$622$424$285$57
32 years$1,214$848$580$390$258$49
33 years$1,164$803$542$358$233$41
34 years$1,117$762$506$330$211$35
35 years$1,074$722$473$303$191$30
36 years$1,032$686$443$279$173$25
37 years$993$651$414$257$157$21
38 years$957$619$388$237$142$18
39 years$922$588$364$219$129$15
40 years$889$560$341$202$117$13
41 years$857$533$319$186$106$11
42 years$828$508$300$172$96$9
43 years$799$484$281$159$87$8
44 years$772$461$264$146$79$7
45 years$747$440$248$135$72$6
46 years$722$419$233$125$65$5
47 years$699$400$219$115$59$4
48 years$676$382$206$107$54$4
49 years$655$365$193$99$49$3
50 years$635$348$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $650,000, adding $4,997 every year, while hoping to spend $42,194 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: 51/27/22 Blend
43$650,000$650,000$650,000$650,000
44$721,454$687,004$676,929$753,591
45$750,149$675,774$654,712$765,120
46$780,356$662,578$630,337$772,920
47$812,185$647,278$603,686$780,522
48$845,756$629,723$574,638$787,922
49$881,200$609,755$543,065$795,120
50$918,657$587,209$508,833$802,119
51$958,284$561,906$471,803$808,924
52$1,000,250$533,660$431,829$815,545
53$1,044,739$502,273$388,759$821,993
54$1,091,954$467,535$342,433$828,289
55$1,142,114$429,226$292,687$834,455
56$1,195,463$387,112$239,345$840,522
57$1,252,265$340,944$182,227$846,527
58$1,312,808$290,463$121,144$852,516
59$1,377,411$235,391$55,898$858,545
60$1,446,420$175,439$0$864,679
61$1,520,215$110,296$0$874,220
62$1,599,216$39,639$0$898,248
63$1,683,878$0$0$923,787
64$1,774,704$0$0$961,974
65$1,872,246$0$0$1,015,678
66$1,977,107$0$0$1,073,460
67$2,089,952$0$0$1,135,693
68$2,211,509$0$0$1,202,785
69$2,342,578$0$0$1,275,185
70$2,484,040$0$0$1,353,386
71$2,636,861$0$0$1,437,929
72$2,802,102$0$0$1,529,410
73$2,980,930$0$0$1,628,484
74$3,174,628$0$0$1,735,871
75$3,384,608$0$0$1,852,361
76$3,612,420$0$0$1,978,825
77$3,859,770$0$0$2,116,221
78$4,128,534$0$0$2,265,601
79$4,420,778$0$0$2,428,124
80$4,738,770$0$0$2,605,064
81$5,085,011$0$0$2,797,825
82$5,462,249$0$0$3,007,948
83$5,873,510$0$0$3,237,134
84$6,322,124$0$0$3,487,252
85$6,811,757$0$0$3,760,359
86$7,346,443$0$0$4,058,722
87$7,930,623$0$0$4,384,834
88$8,569,188$0$0$4,741,441
89$9,267,519$0$0$5,131,567
90$10,031,545$0$0$5,558,540
91$10,867,792$0$0$6,026,027
92$11,783,446$0$0$6,538,063
93$12,786,422$0$0$7,099,095
94$13,885,435$0$0$7,714,018
95$15,090,083$0$0$8,388,223
96$16,410,939$0$0$9,127,650
97$17,859,643$0$0$9,938,839
98$19,449,022$0$0$10,828,995
99$21,193,200$0$0$11,806,052
100$23,107,736$0$0$12,878,754