Can I retire at age 44 with 690,000?

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 $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%
1 years$56,980$56,472$55,977$55,494$55,022$53,670
2 years$28,208$27,682$27,173$26,680$26,201$24,847
3 years$18,618$18,091$17,583$17,094$16,623$15,310
4 years$13,825$13,299$12,796$12,315$11,856$10,593
5 years$10,949$10,426$9,930$9,459$9,012$7,804
6 years$9,033$8,514$8,025$7,565$7,131$5,978
7 years$7,664$7,150$6,669$6,219$5,800$4,702
8 years$6,639$6,129$5,656$5,217$4,811$3,769
9 years$5,841$5,336$4,871$4,444$4,052$3,064
10 years$5,204$4,704$4,247$3,831$3,452$2,517
11 years$4,682$4,187$3,739$3,334$2,969$2,086
12 years$4,248$3,758$3,318$2,924$2,573$1,740
13 years$3,881$3,396$2,965$2,582$2,244$1,459
14 years$3,567$3,087$2,664$2,292$1,967$1,229
15 years$3,295$2,820$2,405$2,044$1,732$1,039
16 years$3,057$2,588$2,180$1,830$1,531$881
17 years$2,847$2,383$1,984$1,644$1,357$749
18 years$2,661$2,202$1,811$1,482$1,207$638
19 years$2,495$2,041$1,658$1,339$1,075$544
20 years$2,345$1,896$1,522$1,213$961$465
21 years$2,210$1,766$1,400$1,101$860$398
22 years$2,087$1,649$1,290$1,001$771$341
23 years$1,975$1,542$1,191$911$692$292
24 years$1,873$1,445$1,102$831$622$251
25 years$1,779$1,356$1,020$759$559$215
26 years$1,692$1,274$946$694$504$185
27 years$1,612$1,199$879$635$454$159
28 years$1,538$1,130$817$582$410$137
29 years$1,469$1,066$760$534$370$118
30 years$1,405$1,007$708$490$334$101
31 years$1,345$952$660$450$302$87
32 years$1,288$901$616$413$274$75
33 years$1,236$853$575$380$248$65
34 years$1,186$808$537$350$224$56
35 years$1,140$767$502$322$203$48
36 years$1,096$728$470$297$184$41
37 years$1,055$691$440$273$167$36
38 years$1,015$657$412$252$151$31
39 years$978$625$386$232$137$26
40 years$943$594$362$214$124$23
41 years$910$566$339$198$113$20
42 years$878$539$318$182$102$17
43 years$848$513$299$168$93$15
44 years$820$489$280$155$84$13
45 years$793$467$263$144$77$11
46 years$767$445$247$133$69$9
47 years$742$425$232$123$63$8
48 years$718$406$218$113$57$7
49 years$695$387$205$105$52$6
50 years$674$370$193$97$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $690,000, adding $5,289 every year, while hoping to spend $24,859 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: 36/49/15 Blend
43$690,000$690,000$690,000$690,000
44$765,836$729,266$718,571$789,710
45$817,501$738,550$716,193$816,708
46$873,603$747,456$712,902$843,087
47$934,568$755,939$708,642$871,030
48$1,000,865$763,951$703,353$900,688
49$1,073,011$771,441$696,972$932,230
50$1,151,571$778,355$689,434$965,844
51$1,237,172$784,635$680,671$1,001,737
52$1,330,501$790,220$670,610$1,040,139
53$1,432,313$795,042$659,178$1,081,305
54$1,543,443$799,033$646,294$1,125,517
55$1,664,807$802,119$631,878$1,173,088
56$1,797,414$804,219$615,842$1,224,364
57$1,942,375$805,250$598,097$1,279,729
58$2,100,913$805,123$578,549$1,339,608
59$2,274,375$803,743$557,100$1,404,471
60$2,464,244$801,009$533,645$1,474,840
61$2,672,153$796,815$508,078$1,551,289
62$2,899,900$791,046$480,286$1,634,457
63$3,149,466$783,583$450,152$1,725,050
64$3,423,031$774,299$417,552$1,823,848
65$3,722,998$763,057$382,358$1,931,716
66$4,052,013$749,716$344,435$2,049,608
67$4,412,989$734,123$303,645$2,178,581
68$4,809,136$716,117$259,839$2,319,803
69$5,243,990$695,529$212,866$2,474,565
70$5,721,445$672,178$162,565$2,644,296
71$6,245,791$645,874$108,770$2,830,573
72$6,821,755$616,414$51,307$3,035,142
73$7,454,542$583,587$0$3,259,929
74$8,149,888$547,165$0$3,508,668
75$8,914,111$506,911$0$3,790,976
76$9,754,172$462,571$0$4,101,266
77$10,677,741$413,880$0$4,442,442
78$11,693,265$360,555$0$4,817,710
79$12,810,055$302,299$0$5,230,612
80$14,038,365$238,797$0$5,685,053
81$15,389,497$169,716$0$6,185,345
82$16,875,899$94,705$0$6,736,247
83$18,511,289$13,394$0$7,343,010
84$20,310,782$0$0$8,011,429
85$22,291,030$0$0$8,788,126
86$24,470,382$0$0$9,650,981
87$26,869,058$0$0$10,600,791
88$29,509,333$0$0$11,646,392
89$32,415,754$0$0$12,797,520
90$35,615,369$0$0$14,064,904
91$39,137,981$0$0$15,460,365
92$43,016,430$0$0$16,996,930
93$47,286,901$0$0$18,688,952
94$51,989,268$0$0$20,552,248
95$57,167,468$0$0$22,604,246
96$62,869,917$0$0$24,864,152
97$69,149,963$0$0$27,353,127
98$76,066,395$0$0$30,094,493
99$83,683,991$0$0$33,113,944
100$92,074,136$0$0$36,439,800