Can I retire at age 44 with 700,000?

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 $700,000?

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%
1 years$57,805$57,290$56,788$56,298$55,819$54,425
2 years$28,617$28,084$27,567$27,066$26,580$25,185
3 years$18,888$18,353$17,838$17,342$16,864$15,511
4 years$14,025$13,491$12,981$12,494$12,027$10,727
5 years$11,108$10,577$10,074$9,596$9,143$7,898
6 years$9,164$8,637$8,141$7,674$7,235$6,047
7 years$7,776$7,254$6,765$6,309$5,884$4,754
8 years$6,735$6,218$5,738$5,293$4,881$3,808
9 years$5,926$5,414$4,942$4,508$4,111$3,093
10 years$5,279$4,772$4,308$3,886$3,502$2,540
11 years$4,750$4,248$3,793$3,382$3,012$2,103
12 years$4,310$3,813$3,366$2,967$2,610$1,753
13 years$3,938$3,446$3,008$2,619$2,276$1,469
14 years$3,619$3,132$2,702$2,325$1,995$1,237
15 years$3,343$2,861$2,440$2,073$1,757$1,045
16 years$3,101$2,625$2,212$1,857$1,553$885
17 years$2,889$2,418$2,013$1,668$1,377$752
18 years$2,700$2,234$1,837$1,503$1,224$640
19 years$2,531$2,070$1,682$1,358$1,091$546
20 years$2,379$1,924$1,544$1,230$975$466
21 years$2,242$1,792$1,420$1,117$872$399
22 years$2,117$1,673$1,309$1,015$782$341
23 years$2,004$1,565$1,208$925$702$292
24 years$1,900$1,466$1,118$843$631$251
25 years$1,805$1,376$1,035$770$568$215
26 years$1,717$1,293$960$704$511$185
27 years$1,635$1,217$891$645$461$158
28 years$1,560$1,147$829$591$416$136
29 years$1,490$1,082$771$542$376$117
30 years$1,425$1,021$718$497$339$101
31 years$1,364$966$670$456$307$87
32 years$1,307$914$625$419$278$74
33 years$1,254$865$583$386$251$64
34 years$1,203$820$545$355$227$55
35 years$1,156$778$510$327$206$47
36 years$1,112$738$477$301$187$41
37 years$1,070$701$446$277$169$35
38 years$1,030$666$418$256$153$30
39 years$993$634$391$236$139$26
40 years$957$603$367$217$126$22
41 years$923$574$344$201$114$19
42 years$891$547$323$185$104$17
43 years$861$521$303$171$94$14
44 years$832$496$284$158$86$12
45 years$804$473$267$146$78$11
46 years$778$452$251$135$70$9
47 years$753$431$236$124$64$8
48 years$728$411$221$115$58$7
49 years$705$393$208$106$53$6
50 years$683$375$196$98$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $700,000, adding $4,702 every year, while hoping to spend $22,195 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: 58/24/18 Blend
43$700,000$700,000$700,000$700,000
44$776,250$739,150$728,300$817,349
45$831,812$751,753$729,083$858,371
46$892,298$764,230$729,148$900,242
47$958,186$776,551$728,448$945,385
48$1,030,003$788,684$726,933$994,121
49$1,108,329$800,595$724,551$1,046,803
50$1,193,802$812,247$721,247$1,103,817
51$1,287,124$823,602$716,963$1,165,594
52$1,389,070$834,618$711,640$1,232,605
53$1,500,489$845,248$705,215$1,305,373
54$1,622,320$855,447$697,621$1,384,470
55$1,755,595$865,161$688,789$1,470,532
56$1,901,449$874,338$678,646$1,564,258
57$2,061,134$882,917$667,118$1,666,418
58$2,236,027$890,838$654,124$1,777,863
59$2,427,647$898,034$639,582$1,899,530
60$2,637,663$904,433$623,404$2,032,454
61$2,867,916$909,962$605,500$2,177,775
62$3,120,433$914,540$585,774$2,336,751
63$3,397,447$918,082$564,127$2,510,769
64$3,701,416$920,498$540,455$2,701,358
65$4,035,049$921,691$514,648$2,910,206
66$4,401,329$921,559$486,594$3,139,172
67$4,803,543$919,994$456,174$3,390,308
68$5,245,311$916,880$423,263$3,665,875
69$5,730,622$912,096$387,731$3,968,368
70$6,263,868$905,511$349,442$4,300,538
71$6,849,890$896,989$308,256$4,665,417
72$7,494,021$886,383$264,024$5,066,349
73$8,202,133$873,538$216,592$5,507,021
74$8,980,701$858,292$165,798$5,991,499
75$9,836,854$840,470$111,474$6,524,266
76$10,778,449$819,888$53,443$7,110,263
77$11,814,140$796,352$0$7,754,941
78$12,953,466$769,657$0$8,465,937
79$14,206,932$739,583$0$9,259,306
80$15,586,117$705,900$0$10,132,112
81$17,103,775$668,364$0$11,092,449
82$18,773,964$626,717$0$12,149,233
83$20,612,167$580,685$0$13,312,295
84$22,635,451$529,981$0$14,592,468
85$24,862,615$474,299$0$16,001,692
86$27,314,379$413,316$0$17,553,128
87$30,013,569$346,692$0$19,261,280
88$32,985,340$274,067$0$21,142,134
89$36,257,409$195,061$0$23,213,311
90$39,860,318$109,272$0$25,494,230
91$43,827,719$16,275$0$28,006,294
92$48,196,697$0$0$30,773,092
93$53,008,116$0$0$33,842,907
94$58,307,003$0$0$37,228,555
95$64,142,976$0$0$40,957,448
96$70,570,711$0$0$45,064,534
97$77,650,458$0$0$49,588,319
98$85,448,607$0$0$54,571,238
99$94,038,318$0$0$60,060,049
100$103,500,209$0$0$66,106,278