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%11.9%
1 years$58,631$58,109$57,599$57,102$56,616$56,165
2 years$29,025$28,485$27,961$27,453$26,960$26,506
3 years$19,158$18,615$18,093$17,589$17,105$16,661
4 years$14,225$13,684$13,167$12,672$12,199$11,769
5 years$11,266$10,728$10,218$9,733$9,274$8,859
6 years$9,295$8,761$8,258$7,784$7,338$6,939
7 years$7,887$7,357$6,862$6,400$5,968$5,584
8 years$6,831$6,306$5,820$5,368$4,951$4,583
9 years$6,011$5,491$5,012$4,573$4,169$3,817
10 years$5,355$4,840$4,370$3,942$3,552$3,216
11 years$4,818$4,309$3,847$3,430$3,055$2,734
12 years$4,372$3,867$3,414$3,009$2,648$2,342
13 years$3,994$3,495$3,050$2,656$2,309$2,017
14 years$3,670$3,177$2,741$2,358$2,024$1,747
15 years$3,390$2,902$2,475$2,103$1,782$1,519
16 years$3,146$2,663$2,244$1,883$1,575$1,325
17 years$2,930$2,452$2,042$1,692$1,396$1,160
18 years$2,738$2,266$1,864$1,525$1,242$1,018
19 years$2,567$2,100$1,706$1,378$1,107$895
20 years$2,413$1,951$1,566$1,248$989$789
21 years$2,274$1,818$1,440$1,132$885$696
22 years$2,148$1,697$1,327$1,030$793$615
23 years$2,033$1,587$1,226$938$712$544
24 years$1,927$1,487$1,133$855$640$482
25 years$1,830$1,395$1,050$781$576$428
26 years$1,741$1,311$974$714$519$380
27 years$1,659$1,234$904$654$468$337
28 years$1,582$1,163$841$599$422$300
29 years$1,511$1,097$782$549$381$267
30 years$1,445$1,036$729$504$344$237
31 years$1,383$979$679$463$311$211
32 years$1,326$927$634$425$281$188
33 years$1,272$878$592$391$255$168
34 years$1,221$832$553$360$231$149
35 years$1,173$789$517$331$209$133
36 years$1,128$749$484$305$189$119
37 years$1,085$711$453$281$172$106
38 years$1,045$676$424$259$156$95
39 years$1,007$643$397$239$141$84
40 years$971$612$372$220$128$75
41 years$936$582$349$203$116$67
42 years$904$554$327$188$105$60
43 years$873$528$307$173$96$54
44 years$844$503$288$160$87$48
45 years$816$480$271$148$79$43
46 years$789$458$254$136$72$38
47 years$763$437$239$126$65$34
48 years$739$417$225$117$59$30
49 years$716$398$211$108$54$27
50 years$693$381$198$100$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $710,000, adding $2,117 every year, while hoping to spend $43,058 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: 54/21/25 Blend
43$710,000$710,000$710,000$710,000
44$784,604$746,974$735,969$821,448
45$818,820$737,762$714,810$837,853
46$855,083$726,656$691,500$851,069
47$893,556$713,517$665,920$864,570
48$934,419$698,199$637,948$878,398
49$977,865$680,546$607,455$892,601
50$1,024,109$660,395$574,306$907,237
51$1,073,385$637,571$538,362$922,369
52$1,125,949$611,890$499,476$938,072
53$1,182,081$583,158$457,494$954,431
54$1,242,089$551,169$412,256$971,542
55$1,306,310$515,704$363,594$989,514
56$1,375,114$476,534$311,335$1,008,472
57$1,448,906$433,414$255,295$1,028,555
58$1,528,131$386,088$195,284$1,049,924
59$1,613,277$334,284$131,103$1,072,757
60$1,704,880$277,712$62,544$1,097,257
61$1,803,529$216,072$0$1,123,650
62$1,909,870$149,040$0$1,155,027
63$2,024,612$76,279$0$1,206,828
64$2,148,537$0$0$1,262,737
65$2,282,500$0$0$1,323,776
66$2,427,444$0$0$1,408,942
67$2,584,404$0$0$1,501,225
68$2,754,519$0$0$1,601,301
69$2,939,040$0$0$1,709,914
70$3,139,345$0$0$1,827,881
71$3,356,948$0$0$1,956,103
72$3,593,514$0$0$2,095,570
73$3,850,875$0$0$2,247,371
74$4,131,049$0$0$2,412,704
75$4,436,252$0$0$2,592,888
76$4,768,927$0$0$2,789,375
77$5,131,761$0$0$3,003,761
78$5,527,710$0$0$3,237,806
79$5,960,031$0$0$3,493,445
80$6,432,305$0$0$3,772,809
81$6,948,479$0$0$4,078,244
82$7,512,894$0$0$4,412,331
83$8,130,334$0$0$4,777,917
84$8,806,063$0$0$5,178,130
85$9,545,879$0$0$5,616,421
86$10,356,167$0$0$6,096,587
87$11,243,957$0$0$6,622,809
88$12,216,993$0$0$7,199,694
89$13,283,802$0$0$7,832,313
90$14,453,777$0$0$8,526,254
91$15,737,263$0$0$9,287,672
92$17,145,654$0$0$10,123,344
93$18,691,502$0$0$11,040,736
94$20,388,631$0$0$12,048,075
95$22,252,271$0$0$13,154,419
96$24,299,199$0$0$14,369,749
97$26,547,895$0$0$15,705,061
98$29,018,718$0$0$17,172,468
99$31,734,098$0$0$18,785,312
100$34,718,744$0$0$20,558,296