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%12.8%
1 years$58,631$58,109$57,599$57,102$56,616$55,955
2 years$29,025$28,485$27,961$27,453$26,960$26,295
3 years$19,158$18,615$18,093$17,589$17,105$16,456
4 years$14,225$13,684$13,167$12,672$12,199$11,571
5 years$11,266$10,728$10,218$9,733$9,274$8,669
6 years$9,295$8,761$8,258$7,784$7,338$6,757
7 years$7,887$7,357$6,862$6,400$5,968$5,411
8 years$6,831$6,306$5,820$5,368$4,951$4,418
9 years$6,011$5,491$5,012$4,573$4,169$3,661
10 years$5,355$4,840$4,370$3,942$3,552$3,067
11 years$4,818$4,309$3,847$3,430$3,055$2,593
12 years$4,372$3,867$3,414$3,009$2,648$2,208
13 years$3,994$3,495$3,050$2,656$2,309$1,892
14 years$3,670$3,177$2,741$2,358$2,024$1,628
15 years$3,390$2,902$2,475$2,103$1,782$1,407
16 years$3,146$2,663$2,244$1,883$1,575$1,220
17 years$2,930$2,452$2,042$1,692$1,396$1,061
18 years$2,738$2,266$1,864$1,525$1,242$925
19 years$2,567$2,100$1,706$1,378$1,107$808
20 years$2,413$1,951$1,566$1,248$989$708
21 years$2,274$1,818$1,440$1,132$885$620
22 years$2,148$1,697$1,327$1,030$793$545
23 years$2,033$1,587$1,226$938$712$479
24 years$1,927$1,487$1,133$855$640$421
25 years$1,830$1,395$1,050$781$576$371
26 years$1,741$1,311$974$714$519$327
27 years$1,659$1,234$904$654$468$288
28 years$1,582$1,163$841$599$422$254
29 years$1,511$1,097$782$549$381$225
30 years$1,445$1,036$729$504$344$198
31 years$1,383$979$679$463$311$175
32 years$1,326$927$634$425$281$155
33 years$1,272$878$592$391$255$137
34 years$1,221$832$553$360$231$121
35 years$1,173$789$517$331$209$107
36 years$1,128$749$484$305$189$95
37 years$1,085$711$453$281$172$84
38 years$1,045$676$424$259$156$74
39 years$1,007$643$397$239$141$66
40 years$971$612$372$220$128$58
41 years$936$582$349$203$116$52
42 years$904$554$327$188$105$46
43 years$873$528$307$173$96$41
44 years$844$503$288$160$87$36
45 years$816$480$271$148$79$32
46 years$789$458$254$136$72$28
47 years$763$437$239$126$65$25
48 years$739$417$225$117$59$22
49 years$716$398$211$108$54$20
50 years$693$381$198$100$49$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $710,000, adding $5,573 every year, while hoping to spend $31,957 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: 65/29/6 Blend
43$710,000$710,000$710,000$710,000
44$788,169$750,539$739,534$838,271
45$834,560$753,313$730,306$875,053
46$884,612$755,152$719,698$910,895
47$938,664$755,977$707,630$949,206
48$997,091$755,702$694,018$990,224
49$1,060,301$754,239$678,775$1,034,208
50$1,128,746$751,491$661,808$1,081,447
51$1,202,922$747,358$643,023$1,132,260
52$1,283,374$741,732$622,318$1,186,999
53$1,370,701$734,500$599,588$1,246,051
54$1,465,562$725,540$574,725$1,309,847
55$1,568,684$714,726$547,612$1,378,859
56$1,680,864$701,921$518,131$1,453,610
57$1,802,979$686,983$486,156$1,534,678
58$1,935,996$669,758$451,555$1,622,701
59$2,080,978$650,087$414,193$1,718,383
60$2,239,095$627,798$373,925$1,822,501
61$2,411,634$602,711$330,603$1,935,913
62$2,600,013$574,637$284,070$2,059,568
63$2,805,791$543,371$234,164$2,194,511
64$3,030,688$508,702$180,714$2,341,898
65$3,276,593$470,404$123,543$2,503,003
66$3,545,589$428,237$62,465$2,679,234
67$3,839,968$381,949$0$2,872,145
68$4,162,255$331,275$0$3,083,623
69$4,515,229$275,932$0$3,319,668
70$4,901,952$215,622$0$3,578,377
71$5,325,795$150,031$0$3,862,070
72$5,790,471$78,828$0$4,173,306
73$6,300,069$1,661$0$4,514,907
74$6,859,094$0$0$4,889,987
75$7,472,507$0$0$5,328,098
76$8,145,773$0$0$5,809,587
77$8,884,910$0$0$6,338,237
78$9,696,549$0$0$6,918,794
79$10,587,995$0$0$7,556,491
80$11,567,294$0$0$8,257,091
81$12,643,311$0$0$9,026,942
82$13,825,810$0$0$9,873,038
83$15,125,549$0$0$10,803,084
84$16,554,381$0$0$11,825,569
85$18,125,364$0$0$12,949,846
86$19,852,884$0$0$14,186,218
87$21,752,792$0$0$15,546,037
88$23,842,549$0$0$17,041,813
89$26,141,397$0$0$18,687,325
90$28,670,536$0$0$20,497,757
91$31,453,322$0$0$22,489,840
92$34,515,492$0$0$24,682,007
93$37,885,402$0$0$27,094,568
94$41,594,296$0$0$29,749,903
95$45,676,603$0$0$32,672,670
96$50,170,254$0$0$35,890,040
97$55,117,049$0$0$39,431,952
98$60,563,045$0$0$43,331,394
99$66,558,989$0$0$47,624,717
100$73,160,804$0$0$52,351,974