Can I retire at age 44 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$56,980$56,472$55,977$55,494$55,022$53,561
2 years$28,208$27,682$27,173$26,680$26,201$24,740
3 years$18,618$18,091$17,583$17,094$16,623$15,207
4 years$13,825$13,299$12,796$12,315$11,856$10,495
5 years$10,949$10,426$9,930$9,459$9,012$7,712
6 years$9,033$8,514$8,025$7,565$7,131$5,891
7 years$7,664$7,150$6,669$6,219$5,800$4,621
8 years$6,639$6,129$5,656$5,217$4,811$3,693
9 years$5,841$5,336$4,871$4,444$4,052$2,993
10 years$5,204$4,704$4,247$3,831$3,452$2,451
11 years$4,682$4,187$3,739$3,334$2,969$2,025
12 years$4,248$3,758$3,318$2,924$2,573$1,683
13 years$3,881$3,396$2,965$2,582$2,244$1,407
14 years$3,567$3,087$2,664$2,292$1,967$1,181
15 years$3,295$2,820$2,405$2,044$1,732$995
16 years$3,057$2,588$2,180$1,830$1,531$841
17 years$2,847$2,383$1,984$1,644$1,357$712
18 years$2,661$2,202$1,811$1,482$1,207$604
19 years$2,495$2,041$1,658$1,339$1,075$514
20 years$2,345$1,896$1,522$1,213$961$437
21 years$2,210$1,766$1,400$1,101$860$373
22 years$2,087$1,649$1,290$1,001$771$318
23 years$1,975$1,542$1,191$911$692$272
24 years$1,873$1,445$1,102$831$622$232
25 years$1,779$1,356$1,020$759$559$199
26 years$1,692$1,274$946$694$504$170
27 years$1,612$1,199$879$635$454$145
28 years$1,538$1,130$817$582$410$125
29 years$1,469$1,066$760$534$370$107
30 years$1,405$1,007$708$490$334$91
31 years$1,345$952$660$450$302$78
32 years$1,288$901$616$413$274$67
33 years$1,236$853$575$380$248$58
34 years$1,186$808$537$350$224$49
35 years$1,140$767$502$322$203$42
36 years$1,096$728$470$297$184$36
37 years$1,055$691$440$273$167$31
38 years$1,015$657$412$252$151$27
39 years$978$625$386$232$137$23
40 years$943$594$362$214$124$20
41 years$910$566$339$198$113$17
42 years$878$539$318$182$102$14
43 years$848$513$299$168$93$12
44 years$820$489$280$155$84$11
45 years$793$467$263$144$77$9
46 years$767$445$247$133$69$8
47 years$742$425$232$123$63$7
48 years$718$406$218$113$57$6
49 years$695$387$205$105$52$5
50 years$674$370$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $690,000, adding $6,010 every year, while hoping to spend $21,804 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: 60/12/28 Blend
43$690,000$690,000$690,000$690,000
44$766,579$730,009$719,314$806,437
45$821,571$742,580$720,212$846,888
46$881,441$755,037$720,409$888,155
47$946,664$767,350$719,859$932,729
48$1,017,763$779,489$718,513$980,937
49$1,095,311$791,420$716,320$1,033,140
50$1,179,942$803,109$713,226$1,089,738
51$1,272,352$814,517$709,174$1,151,168
52$1,373,308$825,604$704,107$1,217,917
53$1,483,653$836,326$697,963$1,290,518
54$1,604,317$846,638$690,676$1,369,562
55$1,736,322$856,488$682,178$1,455,698
56$1,880,795$865,824$672,400$1,549,646
57$2,038,977$874,590$661,266$1,652,196
58$2,212,233$882,726$648,699$1,764,221
59$2,402,068$890,166$634,617$1,886,685
60$2,610,137$896,843$618,935$2,020,649
61$2,838,266$902,683$601,565$2,167,286
62$3,088,464$907,609$582,412$2,327,886
63$3,362,944$911,539$561,379$2,503,875
64$3,664,144$914,383$538,365$2,696,824
65$3,994,749$916,050$513,262$2,908,466
66$4,357,716$916,440$485,959$3,140,712
67$4,756,305$915,447$456,341$3,395,670
68$5,194,104$912,960$424,284$3,675,664
69$5,675,067$908,859$389,662$3,983,255
70$6,203,549$903,019$352,341$4,321,271
71$6,784,351$895,307$312,184$4,692,827
72$7,422,757$885,579$269,045$5,101,358
73$8,124,593$873,687$222,772$5,550,653
74$8,896,274$859,470$173,208$6,044,890
75$9,744,870$842,761$120,187$6,588,672
76$10,678,170$823,380$63,536$7,187,079
77$11,704,756$801,137$3,077$7,845,708
78$12,834,082$775,834$0$8,570,731
79$14,076,565$747,257$0$9,387,311
80$15,443,684$715,181$0$10,286,765
81$16,948,085$679,371$0$11,276,507
82$18,603,704$639,574$0$12,365,717
83$20,425,893$595,524$0$13,564,513
84$22,431,571$546,942$0$14,884,046
85$24,639,378$493,529$0$16,336,603
86$27,069,855$434,972$0$17,935,726
87$29,745,635$370,940$0$19,696,336
88$32,691,655$301,082$0$21,634,878
89$35,935,396$225,028$0$23,769,476
90$39,507,139$142,386$0$26,120,100
91$43,440,249$52,745$0$28,708,760
92$47,771,493$0$0$31,559,710
93$52,541,384$0$0$34,705,534
94$57,794,566$0$0$38,177,841
95$63,580,232$0$0$42,002,191
96$69,952,590$0$0$46,214,428
97$76,971,376$0$0$50,854,044
98$84,702,411$0$0$55,964,563
99$93,218,231$0$0$61,593,942
100$102,598,763$0$0$67,795,028