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%17.6%
1 years$56,980$56,472$55,977$55,494$55,022$53,324
2 years$28,208$27,682$27,173$26,680$26,201$24,506
3 years$18,618$18,091$17,583$17,094$16,623$14,983
4 years$13,825$13,299$12,796$12,315$11,856$10,284
5 years$10,949$10,426$9,930$9,459$9,012$7,513
6 years$9,033$8,514$8,025$7,565$7,131$5,705
7 years$7,664$7,150$6,669$6,219$5,800$4,447
8 years$6,639$6,129$5,656$5,217$4,811$3,531
9 years$5,841$5,336$4,871$4,444$4,052$2,842
10 years$5,204$4,704$4,247$3,831$3,452$2,312
11 years$4,682$4,187$3,739$3,334$2,969$1,896
12 years$4,248$3,758$3,318$2,924$2,573$1,565
13 years$3,881$3,396$2,965$2,582$2,244$1,298
14 years$3,567$3,087$2,664$2,292$1,967$1,082
15 years$3,295$2,820$2,405$2,044$1,732$904
16 years$3,057$2,588$2,180$1,830$1,531$758
17 years$2,847$2,383$1,984$1,644$1,357$637
18 years$2,661$2,202$1,811$1,482$1,207$536
19 years$2,495$2,041$1,658$1,339$1,075$452
20 years$2,345$1,896$1,522$1,213$961$382
21 years$2,210$1,766$1,400$1,101$860$323
22 years$2,087$1,649$1,290$1,001$771$273
23 years$1,975$1,542$1,191$911$692$231
24 years$1,873$1,445$1,102$831$622$196
25 years$1,779$1,356$1,020$759$559$166
26 years$1,692$1,274$946$694$504$141
27 years$1,612$1,199$879$635$454$119
28 years$1,538$1,130$817$582$410$101
29 years$1,469$1,066$760$534$370$86
30 years$1,405$1,007$708$490$334$73
31 years$1,345$952$660$450$302$62
32 years$1,288$901$616$413$274$53
33 years$1,236$853$575$380$248$45
34 years$1,186$808$537$350$224$38
35 years$1,140$767$502$322$203$32
36 years$1,096$728$470$297$184$27
37 years$1,055$691$440$273$167$23
38 years$1,015$657$412$252$151$20
39 years$978$625$386$232$137$17
40 years$943$594$362$214$124$14
41 years$910$566$339$198$113$12
42 years$878$539$318$182$102$10
43 years$848$513$299$168$93$9
44 years$820$489$280$155$84$7
45 years$793$467$263$144$77$6
46 years$767$445$247$133$69$5
47 years$742$425$232$123$63$5
48 years$718$406$218$113$57$4
49 years$695$387$205$105$52$3
50 years$674$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $690,000, adding $3,283 every year, while hoping to spend $54,118 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: 32/41/27 Blend
43$690,000$690,000$690,000$690,000
44$763,766$727,196$716,501$781,821
45$784,089$705,248$682,923$773,945
46$804,672$680,410$646,406$760,442
47$825,482$652,484$606,795$744,833
48$846,486$621,260$563,927$726,967
49$867,641$586,516$517,632$706,689
50$888,900$548,015$467,733$683,830
51$910,210$505,510$414,044$658,213
52$931,509$458,737$356,372$629,649
53$952,727$407,419$294,514$597,938
54$973,784$351,262$228,259$562,867
55$994,592$289,955$157,387$524,208
56$1,015,048$223,171$81,668$481,723
57$1,035,040$150,563$861$435,153
58$1,054,439$71,766$0$384,228
59$1,073,103$0$0$353,254
60$1,090,870$0$0$325,328
61$1,107,561$0$0$329,345
62$1,122,976$0$0$332,852
63$1,136,889$0$0$335,769
64$1,149,052$0$0$338,006
65$1,159,187$0$0$339,463
66$1,166,982$0$0$340,029
67$1,172,093$0$0$339,579
68$1,174,137$0$0$337,977
69$1,172,688$0$0$335,070
70$1,167,273$0$0$330,688
71$1,157,367$0$0$324,646
72$1,142,389$0$0$316,734
73$1,121,692$0$0$306,723
74$1,094,562$0$0$294,357
75$1,060,206$0$0$279,355
76$1,017,746$0$0$261,405
77$966,212$0$0$240,161
78$904,528$0$0$215,241
79$831,505$0$0$186,223
80$745,826$0$0$152,639
81$646,038$0$0$113,973
82$530,532$0$0$69,655
83$397,531$0$0$19,054
84$245,069$0$0$0
85$70,976$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0