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%12.6%
1 years$55,328$54,835$54,354$53,885$53,427$52,847
2 years$27,390$26,880$26,386$25,906$25,441$24,857
3 years$18,079$17,566$17,073$16,598$16,141$15,571
4 years$13,424$12,913$12,425$11,958$11,512$10,961
5 years$10,632$10,124$9,642$9,185$8,751$8,220
6 years$8,771$8,267$7,792$7,345$6,924$6,414
7 years$7,442$6,943$6,476$6,039$5,631$5,142
8 years$6,446$5,951$5,492$5,066$4,672$4,203
9 years$5,672$5,182$4,730$4,315$3,934$3,487
10 years$5,053$4,567$4,124$3,720$3,352$2,925
11 years$4,547$4,066$3,630$3,237$2,883$2,476
12 years$4,125$3,649$3,222$2,839$2,498$2,111
13 years$3,769$3,298$2,879$2,507$2,179$1,811
14 years$3,464$2,998$2,586$2,225$1,910$1,561
15 years$3,199$2,739$2,335$1,985$1,682$1,351
16 years$2,968$2,513$2,117$1,777$1,486$1,173
17 years$2,765$2,314$1,927$1,597$1,318$1,021
18 years$2,584$2,138$1,759$1,439$1,172$892
19 years$2,422$1,982$1,610$1,300$1,044$780
20 years$2,277$1,841$1,478$1,178$933$684
21 years$2,146$1,715$1,359$1,069$835$601
22 years$2,027$1,601$1,253$972$748$528
23 years$1,918$1,497$1,157$885$672$465
24 years$1,819$1,403$1,070$807$604$410
25 years$1,727$1,317$991$737$543$361
26 years$1,643$1,237$919$674$489$319
27 years$1,565$1,165$853$617$441$282
28 years$1,493$1,097$793$565$398$249
29 years$1,426$1,035$738$518$359$220
30 years$1,364$978$688$476$325$195
31 years$1,306$924$641$437$294$173
32 years$1,251$875$598$401$266$153
33 years$1,200$828$558$369$240$135
34 years$1,152$785$522$340$218$120
35 years$1,107$745$488$313$197$106
36 years$1,064$707$456$288$179$94
37 years$1,024$671$427$265$162$84
38 years$986$638$400$245$147$74
39 years$950$607$375$226$133$66
40 years$916$577$351$208$121$58
41 years$884$549$329$192$110$52
42 years$853$523$309$177$99$46
43 years$824$498$290$163$90$41
44 years$796$475$272$151$82$36
45 years$770$453$255$139$74$32
46 years$744$432$240$129$67$28
47 years$720$412$225$119$61$25
48 years$697$394$212$110$56$22
49 years$675$376$199$102$51$20
50 years$654$359$187$94$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $670,000, adding $6,535 every year, while hoping to spend $46,435 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: 65/24/11 Blend
43$670,000$670,000$670,000$670,000
44$745,081$709,571$699,186$791,279
45$771,673$694,933$673,202$808,277
46$799,420$678,022$644,792$820,793
47$828,393$658,677$613,824$833,286
48$858,665$636,728$580,163$845,753
49$890,317$611,996$543,666$858,189
50$923,436$584,290$504,185$870,592
51$958,115$553,409$461,564$882,961
52$994,456$519,140$415,641$895,298
53$1,032,572$481,258$366,245$907,605
54$1,072,580$439,526$313,200$919,889
55$1,114,611$393,691$256,321$932,159
56$1,158,808$343,488$195,414$944,427
57$1,205,324$288,637$130,278$956,711
58$1,254,326$228,839$60,701$969,031
59$1,305,997$163,782$0$981,416
60$1,360,537$93,135$0$995,487
61$1,418,161$16,548$0$1,017,403
62$1,479,106$0$0$1,040,106
63$1,543,631$0$0$1,081,208
64$1,612,018$0$0$1,129,422
65$1,684,575$0$0$1,180,598
66$1,761,639$0$0$1,234,978
67$1,843,579$0$0$1,292,824
68$1,930,797$0$0$1,354,425
69$2,023,735$0$0$1,420,096
70$2,122,877$0$0$1,490,182
71$2,228,753$0$0$1,565,062
72$2,341,941$0$0$1,645,150
73$2,463,080$0$0$1,730,901
74$2,592,865$0$0$1,822,815
75$2,732,064$0$0$1,921,437
76$2,881,514$0$0$2,027,369
77$3,042,138$0$0$2,141,269
78$3,214,947$0$0$2,263,861
79$3,401,051$0$0$2,395,939
80$3,601,671$0$0$2,538,375
81$3,818,146$0$0$2,692,129
82$4,051,948$0$0$2,858,253
83$4,304,695$0$0$3,037,905
84$4,578,165$0$0$3,232,357
85$4,874,313$0$0$3,443,007
86$5,195,286$0$0$3,671,393
87$5,543,448$0$0$3,919,207
88$5,921,397$0$0$4,188,308
89$6,331,991$0$0$4,480,741
90$6,778,374$0$0$4,798,757
91$7,264,005$0$0$5,144,831
92$7,792,688$0$0$5,521,688
93$8,368,611$0$0$5,932,325
94$8,996,382$0$0$6,380,041
95$9,681,072$0$0$6,868,467
96$10,428,263$0$0$7,401,598
97$11,244,099$0$0$7,983,834
98$12,135,343$0$0$8,620,017
99$13,109,440$0$0$9,315,478
100$14,174,589$0$0$10,076,088