Can I retire at age 44 with 710,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$58,631$58,109$57,599$57,102$56,616$56,236
2 years$29,025$28,485$27,961$27,453$26,960$26,577
3 years$19,158$18,615$18,093$17,589$17,105$16,730
4 years$14,225$13,684$13,167$12,672$12,199$11,836
5 years$11,266$10,728$10,218$9,733$9,274$8,923
6 years$9,295$8,761$8,258$7,784$7,338$7,000
7 years$7,887$7,357$6,862$6,400$5,968$5,643
8 years$6,831$6,306$5,820$5,368$4,951$4,639
9 years$6,011$5,491$5,012$4,573$4,169$3,871
10 years$5,355$4,840$4,370$3,942$3,552$3,267
11 years$4,818$4,309$3,847$3,430$3,055$2,783
12 years$4,372$3,867$3,414$3,009$2,648$2,388
13 years$3,994$3,495$3,050$2,656$2,309$2,061
14 years$3,670$3,177$2,741$2,358$2,024$1,788
15 years$3,390$2,902$2,475$2,103$1,782$1,558
16 years$3,146$2,663$2,244$1,883$1,575$1,362
17 years$2,930$2,452$2,042$1,692$1,396$1,195
18 years$2,738$2,266$1,864$1,525$1,242$1,050
19 years$2,567$2,100$1,706$1,378$1,107$926
20 years$2,413$1,951$1,566$1,248$989$817
21 years$2,274$1,818$1,440$1,132$885$723
22 years$2,148$1,697$1,327$1,030$793$641
23 years$2,033$1,587$1,226$938$712$568
24 years$1,927$1,487$1,133$855$640$505
25 years$1,830$1,395$1,050$781$576$448
26 years$1,741$1,311$974$714$519$399
27 years$1,659$1,234$904$654$468$355
28 years$1,582$1,163$841$599$422$317
29 years$1,511$1,097$782$549$381$282
30 years$1,445$1,036$729$504$344$252
31 years$1,383$979$679$463$311$225
32 years$1,326$927$634$425$281$201
33 years$1,272$878$592$391$255$179
34 years$1,221$832$553$360$231$160
35 years$1,173$789$517$331$209$143
36 years$1,128$749$484$305$189$128
37 years$1,085$711$453$281$172$114
38 years$1,045$676$424$259$156$102
39 years$1,007$643$397$239$141$92
40 years$971$612$372$220$128$82
41 years$936$582$349$203$116$73
42 years$904$554$327$188$105$66
43 years$873$528$307$173$96$59
44 years$844$503$288$160$87$53
45 years$816$480$271$148$79$47
46 years$789$458$254$136$72$42
47 years$763$437$239$126$65$38
48 years$739$417$225$117$59$34
49 years$716$398$211$108$54$30
50 years$693$381$198$100$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $710,000, adding $5,401 every year, while hoping to spend $43,455 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: 32/43/25 Blend
43$710,000$710,000$710,000$710,000
44$787,991$750,361$739,356$807,028
45$822,130$740,893$717,889$812,466
46$858,296$729,505$694,246$814,064
47$896,647$716,056$668,309$814,913
48$937,361$700,398$639,953$814,978
49$980,629$682,375$609,049$814,221
50$1,026,662$661,820$575,460$812,606
51$1,075,690$638,557$539,046$810,099
52$1,127,963$612,400$499,658$806,666
53$1,183,760$583,152$457,140$802,276
54$1,243,381$550,604$411,332$796,899
55$1,307,158$514,536$362,064$790,510
56$1,375,454$474,714$309,159$783,086
57$1,448,668$430,893$252,433$774,608
58$1,527,236$382,811$191,694$765,064
59$1,611,639$330,193$126,741$754,447
60$1,702,403$272,749$57,363$742,756
61$1,800,105$210,171$0$730,002
62$1,905,381$142,135$0$720,650
63$2,018,927$68,297$0$726,901
64$2,141,510$0$0$733,542
65$2,273,971$0$0$746,238
66$2,417,235$0$0$795,005
67$2,572,318$0$0$847,885
68$2,740,338$0$0$905,270
69$2,922,524$0$0$967,592
70$3,120,228$0$0$1,035,326
71$3,334,934$0$0$1,108,993
72$3,568,279$0$0$1,189,168
73$3,822,060$0$0$1,276,483
74$4,098,255$0$0$1,371,634
75$4,399,043$0$0$1,475,386
76$4,726,818$0$0$1,588,582
77$5,084,217$0$0$1,712,149
78$5,474,141$0$0$1,847,108
79$5,899,785$0$0$1,994,583
80$6,364,664$0$0$2,155,812
81$6,872,648$0$0$2,332,156
82$7,427,998$0$0$2,525,115
83$8,035,406$0$0$2,736,341
84$8,700,036$0$0$2,967,652
85$9,427,577$0$0$3,221,052
86$10,224,292$0$0$3,498,745
87$11,097,076$0$0$3,803,162
88$12,053,527$0$0$4,136,976
89$13,102,010$0$0$4,503,135
90$14,251,737$0$0$4,904,884
91$15,512,855$0$0$5,345,799
92$16,896,542$0$0$5,829,815
93$18,415,109$0$0$6,361,272
94$20,082,115$0$0$6,944,948
95$21,912,499$0$0$7,586,105
96$23,922,716$0$0$8,290,542
97$26,130,891$0$0$9,064,648
98$28,556,995$0$0$9,915,459
99$31,223,024$0$0$10,850,729
100$34,153,215$0$0$11,878,999