Can I retire at age 44 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$55,328$54,835$54,354$53,885$53,427$52,412
2 years$27,390$26,880$26,386$25,906$25,441$24,423
3 years$18,079$17,566$17,073$16,598$16,141$15,151
4 years$13,424$12,913$12,425$11,958$11,512$10,558
5 years$10,632$10,124$9,642$9,185$8,751$7,835
6 years$8,771$8,267$7,792$7,345$6,924$6,048
7 years$7,442$6,943$6,476$6,039$5,631$4,795
8 years$6,446$5,951$5,492$5,066$4,672$3,875
9 years$5,672$5,182$4,730$4,315$3,934$3,176
10 years$5,053$4,567$4,124$3,720$3,352$2,632
11 years$4,547$4,066$3,630$3,237$2,883$2,201
12 years$4,125$3,649$3,222$2,839$2,498$1,852
13 years$3,769$3,298$2,879$2,507$2,179$1,568
14 years$3,464$2,998$2,586$2,225$1,910$1,333
15 years$3,199$2,739$2,335$1,985$1,682$1,138
16 years$2,968$2,513$2,117$1,777$1,486$975
17 years$2,765$2,314$1,927$1,597$1,318$837
18 years$2,584$2,138$1,759$1,439$1,172$720
19 years$2,422$1,982$1,610$1,300$1,044$621
20 years$2,277$1,841$1,478$1,178$933$536
21 years$2,146$1,715$1,359$1,069$835$464
22 years$2,027$1,601$1,253$972$748$402
23 years$1,918$1,497$1,157$885$672$348
24 years$1,819$1,403$1,070$807$604$302
25 years$1,727$1,317$991$737$543$262
26 years$1,643$1,237$919$674$489$228
27 years$1,565$1,165$853$617$441$198
28 years$1,493$1,097$793$565$398$172
29 years$1,426$1,035$738$518$359$150
30 years$1,364$978$688$476$325$130
31 years$1,306$924$641$437$294$114
32 years$1,251$875$598$401$266$99
33 years$1,200$828$558$369$240$86
34 years$1,152$785$522$340$218$75
35 years$1,107$745$488$313$197$65
36 years$1,064$707$456$288$179$57
37 years$1,024$671$427$265$162$50
38 years$986$638$400$245$147$43
39 years$950$607$375$226$133$38
40 years$916$577$351$208$121$33
41 years$884$549$329$192$110$29
42 years$853$523$309$177$99$25
43 years$824$498$290$163$90$22
44 years$796$475$272$151$82$19
45 years$770$453$255$139$74$17
46 years$744$432$240$129$67$15
47 years$720$412$225$119$61$13
48 years$697$394$212$110$56$11
49 years$675$376$199$102$51$10
50 years$654$359$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $670,000, adding $3,285 every year, while hoping to spend $35,107 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: 66/20/14 Blend
43$670,000$670,000$670,000$670,000
44$741,728$706,218$695,833$788,042
45$780,031$703,470$681,790$816,624
46$821,064$699,409$666,100$843,443
47$865,069$693,937$648,671$871,877
48$912,310$686,944$629,405$902,085
49$963,078$678,317$608,203$934,237
50$1,017,693$667,935$584,959$968,527
51$1,076,505$655,670$559,561$1,005,167
52$1,139,897$641,388$531,896$1,044,390
53$1,208,294$624,943$501,842$1,086,458
54$1,282,160$606,185$469,273$1,131,657
55$1,362,004$584,952$434,058$1,180,307
56$1,448,388$561,074$396,059$1,232,759
57$1,541,929$534,371$355,131$1,289,404
58$1,643,303$504,653$311,125$1,350,673
59$1,753,256$471,717$263,884$1,417,043
60$1,872,608$435,352$213,245$1,489,043
61$2,002,261$395,330$159,035$1,567,255
62$2,143,205$351,415$101,076$1,652,325
63$2,296,532$303,355$39,183$1,744,967
64$2,463,442$250,883$0$1,845,971
65$2,645,256$193,719$0$1,960,223
66$2,843,427$131,567$0$2,091,179
67$3,059,555$64,111$0$2,234,079
68$3,295,400$0$0$2,390,134
69$3,552,900$0$0$2,562,654
70$3,834,188$0$0$2,766,565
71$4,141,612$0$0$2,989,464
72$4,477,758$0$0$3,233,231
73$4,845,473$0$0$3,499,937
74$5,247,891$0$0$3,791,858
75$5,688,463$0$0$4,111,507
76$6,170,990$0$0$4,461,644
77$6,699,657$0$0$4,845,315
78$7,279,074$0$0$5,265,871
79$7,914,317$0$0$5,727,003
80$8,610,977$0$0$6,232,777
81$9,375,213$0$0$6,787,671
82$10,213,807$0$0$7,396,618
83$11,134,231$0$0$8,065,050
84$12,144,714$0$0$8,798,952
85$13,254,323$0$0$9,604,917
86$14,473,043$0$0$10,490,207
87$15,811,877$0$0$11,462,824
88$17,282,943$0$0$12,531,579
89$18,899,593$0$0$13,706,183
90$20,676,535$0$0$14,997,333
91$22,629,975$0$0$16,416,813
92$24,777,765$0$0$17,977,608
93$27,139,576$0$0$19,694,022
94$29,737,076$0$0$21,581,814
95$32,594,144$0$0$23,658,350
96$35,737,085$0$0$25,942,761
97$39,194,884$0$0$28,456,127
98$42,999,476$0$0$31,221,673
99$47,186,047$0$0$34,264,990
100$51,793,369$0$0$37,614,275