Can I retire at age 44 with 650,000?

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 $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%18.8%
1 years$53,676$53,198$52,732$52,276$51,832$49,993
2 years$26,572$26,078$25,598$25,133$24,682$22,849
3 years$17,539$17,042$16,564$16,103$15,659$13,889
4 years$13,023$12,528$12,054$11,601$11,168$9,475
5 years$10,314$9,822$9,354$8,911$8,490$6,879
6 years$8,509$8,020$7,560$7,126$6,718$5,189
7 years$7,220$6,735$6,282$5,859$5,463$4,017
8 years$6,254$5,773$5,328$4,915$4,532$3,167
9 years$5,503$5,027$4,589$4,186$3,817$2,531
10 years$4,902$4,431$4,001$3,609$3,252$2,043
11 years$4,411$3,945$3,522$3,141$2,797$1,663
12 years$4,002$3,540$3,126$2,755$2,424$1,362
13 years$3,656$3,200$2,793$2,432$2,114$1,120
14 years$3,360$2,908$2,509$2,159$1,853$926
15 years$3,104$2,657$2,266$1,925$1,631$767
16 years$2,880$2,438$2,054$1,724$1,442$638
17 years$2,682$2,245$1,869$1,549$1,278$531
18 years$2,507$2,074$1,706$1,396$1,137$443
19 years$2,350$1,923$1,562$1,261$1,013$370
20 years$2,209$1,786$1,433$1,142$905$310
21 years$2,082$1,664$1,319$1,037$810$259
22 years$1,966$1,553$1,215$943$726$217
23 years$1,861$1,453$1,122$858$652$182
24 years$1,764$1,361$1,038$783$586$153
25 years$1,676$1,277$961$715$527$128
26 years$1,594$1,201$891$654$475$108
27 years$1,519$1,130$828$598$428$91
28 years$1,449$1,065$769$548$386$76
29 years$1,384$1,004$716$503$349$64
30 years$1,323$949$667$461$315$54
31 years$1,267$897$622$424$285$45
32 years$1,214$848$580$390$258$38
33 years$1,164$803$542$358$233$32
34 years$1,117$762$506$330$211$27
35 years$1,074$722$473$303$191$23
36 years$1,032$686$443$279$173$19
37 years$993$651$414$257$157$16
38 years$957$619$388$237$142$14
39 years$922$588$364$219$129$11
40 years$889$560$341$202$117$10
41 years$857$533$319$186$106$8
42 years$828$508$300$172$96$7
43 years$799$484$281$159$87$6
44 years$772$461$264$146$79$5
45 years$747$440$248$135$72$4
46 years$722$419$233$125$65$3
47 years$699$400$219$115$59$3
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $650,000, adding $5,471 every year, while hoping to spend $47,657 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: 48/40/12 Blend
43$650,000$650,000$650,000$650,000
44$721,943$687,493$677,418$753,955
45$744,875$670,474$649,405$759,559
46$768,548$651,023$618,856$760,247
47$792,989$628,972$585,636$759,922
48$818,222$604,140$549,604$758,505
49$844,277$576,339$510,612$755,913
50$871,181$545,368$468,505$752,058
51$898,964$511,013$423,123$746,846
52$927,657$473,052$374,296$740,179
53$957,292$431,245$321,849$731,952
54$987,903$385,343$265,598$722,056
55$1,019,525$335,081$205,351$710,374
56$1,052,194$280,177$140,908$696,783
57$1,085,949$220,337$72,059$681,153
58$1,120,829$155,246$0$663,348
59$1,156,876$84,576$0$643,403
60$1,194,135$7,978$0$630,844
61$1,232,650$0$0$616,303
62$1,272,471$0$0$632,619
63$1,313,647$0$0$653,125
64$1,356,232$0$0$674,336
65$1,400,281$0$0$696,280
66$1,445,853$0$0$718,987
67$1,493,010$0$0$742,488
68$1,541,817$0$0$766,816
69$1,592,342$0$0$792,007
70$1,644,659$0$0$818,096
71$1,698,844$0$0$845,124
72$1,754,978$0$0$873,132
73$1,813,148$0$0$902,163
74$1,873,444$0$0$932,265
75$1,935,965$0$0$963,486
76$2,000,813$0$0$995,880
77$2,068,097$0$0$1,029,503
78$2,137,936$0$0$1,064,415
79$2,210,453$0$0$1,100,680
80$2,285,782$0$0$1,138,367
81$2,364,065$0$0$1,177,548
82$2,445,455$0$0$1,218,302
83$2,530,115$0$0$1,260,713
84$2,618,219$0$0$1,304,872
85$2,709,956$0$0$1,350,875
86$2,805,528$0$0$1,398,827
87$2,905,152$0$0$1,448,841
88$3,009,061$0$0$1,501,037
89$3,117,507$0$0$1,555,546
90$3,230,763$0$0$1,612,509
91$3,349,123$0$0$1,672,078
92$3,472,902$0$0$1,734,420
93$3,602,446$0$0$1,799,711
94$3,738,125$0$0$1,868,146
95$3,880,343$0$0$1,939,934
96$4,029,537$0$0$2,015,304
97$4,186,180$0$0$2,094,503
98$4,350,788$0$0$2,177,800
99$4,523,921$0$0$2,265,488
100$4,706,188$0$0$2,357,884