Can I retire at age 44 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$58,631$58,109$57,599$57,102$56,616$55,136
2 years$29,025$28,485$27,961$27,453$26,960$25,479
3 years$19,158$18,615$18,093$17,589$17,105$15,669
4 years$14,225$13,684$13,167$12,672$12,199$10,819
5 years$11,266$10,728$10,218$9,733$9,274$7,954
6 years$9,295$8,761$8,258$7,784$7,338$6,080
7 years$7,887$7,357$6,862$6,400$5,968$4,771
8 years$6,831$6,306$5,820$5,368$4,951$3,815
9 years$6,011$5,491$5,012$4,573$4,169$3,094
10 years$5,355$4,840$4,370$3,942$3,552$2,536
11 years$4,818$4,309$3,847$3,430$3,055$2,096
12 years$4,372$3,867$3,414$3,009$2,648$1,743
13 years$3,994$3,495$3,050$2,656$2,309$1,458
14 years$3,670$3,177$2,741$2,358$2,024$1,225
15 years$3,390$2,902$2,475$2,103$1,782$1,033
16 years$3,146$2,663$2,244$1,883$1,575$873
17 years$2,930$2,452$2,042$1,692$1,396$740
18 years$2,738$2,266$1,864$1,525$1,242$629
19 years$2,567$2,100$1,706$1,378$1,107$535
20 years$2,413$1,951$1,566$1,248$989$456
21 years$2,274$1,818$1,440$1,132$885$389
22 years$2,148$1,697$1,327$1,030$793$332
23 years$2,033$1,587$1,226$938$712$284
24 years$1,927$1,487$1,133$855$640$243
25 years$1,830$1,395$1,050$781$576$208
26 years$1,741$1,311$974$714$519$178
27 years$1,659$1,234$904$654$468$152
28 years$1,582$1,163$841$599$422$131
29 years$1,511$1,097$782$549$381$112
30 years$1,445$1,036$729$504$344$96
31 years$1,383$979$679$463$311$82
32 years$1,326$927$634$425$281$71
33 years$1,272$878$592$391$255$61
34 years$1,221$832$553$360$231$52
35 years$1,173$789$517$331$209$45
36 years$1,128$749$484$305$189$38
37 years$1,085$711$453$281$172$33
38 years$1,045$676$424$259$156$28
39 years$1,007$643$397$239$141$24
40 years$971$612$372$220$128$21
41 years$936$582$349$203$116$18
42 years$904$554$327$188$105$15
43 years$873$528$307$173$96$13
44 years$844$503$288$160$87$11
45 years$816$480$271$148$79$10
46 years$789$458$254$136$72$8
47 years$763$437$239$126$65$7
48 years$739$417$225$117$59$6
49 years$716$398$211$108$54$5
50 years$693$381$198$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $710,000, adding $2,967 every year, while hoping to spend $36,482 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: 22/48/30 Blend
43$710,000$710,000$710,000$710,000
44$785,480$747,850$736,845$795,277
45$826,783$745,679$722,713$802,161
46$871,075$742,178$706,885$806,297
47$918,625$737,244$689,265$809,948
48$969,723$730,767$669,754$813,099
49$1,024,691$722,631$648,247$815,736
50$1,083,882$712,713$624,636$817,849
51$1,147,682$700,880$598,806$819,430
52$1,216,518$686,995$570,637$820,476
53$1,290,855$670,910$540,006$820,987
54$1,371,208$652,470$506,782$820,969
55$1,458,140$631,510$470,828$820,435
56$1,552,272$607,856$432,003$819,401
57$1,654,286$581,323$390,157$817,895
58$1,764,931$551,716$345,135$815,953
59$1,885,032$518,828$296,775$813,619
60$2,015,496$482,441$244,907$810,951
61$2,157,320$442,324$189,355$808,020
62$2,311,601$398,233$129,934$804,912
63$2,479,548$349,910$66,450$801,731
64$2,662,489$297,082$0$798,597
65$2,861,885$239,462$0$796,073
66$3,079,346$176,744$0$816,637
67$3,316,643$108,608$0$839,264
68$3,575,726$34,715$0$864,255
69$3,858,739$0$0$891,948
70$4,168,046$0$0$946,650
71$4,506,247$0$0$1,026,633
72$4,876,206$0$0$1,114,251
73$5,281,076$0$0$1,210,268
74$5,724,329$0$0$1,315,522
75$6,209,788$0$0$1,430,940
76$6,741,664$0$0$1,557,539
77$7,324,593$0$0$1,696,442
78$7,963,682$0$0$1,848,884
79$8,664,556$0$0$2,016,226
80$9,433,409$0$0$2,199,968
81$10,277,064$0$0$2,401,761
82$11,203,038$0$0$2,623,425
83$12,219,610$0$0$2,866,965
84$13,335,898$0$0$3,134,587
85$14,561,949$0$0$3,428,726
86$15,908,830$0$0$3,752,062
87$17,388,731$0$0$4,107,545
88$19,015,085$0$0$4,498,431
89$20,802,687$0$0$4,928,302
90$22,767,838$0$0$5,401,108
91$24,928,498$0$0$5,921,198
92$27,304,452$0$0$6,493,367
93$29,917,502$0$0$7,122,895
94$32,791,664$0$0$7,815,603
95$35,953,402$0$0$8,577,901
96$39,431,873$0$0$9,416,854
97$43,259,201$0$0$10,340,246
98$47,470,783$0$0$11,356,656
99$52,105,619$0$0$12,475,532
100$57,206,682$0$0$13,707,290