Can I retire at age 44 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$59,457$58,927$58,411$57,906$57,414$55,179
2 years$29,434$28,886$28,355$27,840$27,340$25,116
3 years$19,428$18,877$18,347$17,837$17,346$15,202
4 years$14,426$13,877$13,352$12,851$12,371$10,324
5 years$11,425$10,880$10,362$9,870$9,404$7,459
6 years$9,425$8,884$8,374$7,894$7,441$5,599
7 years$7,998$7,461$6,959$6,490$6,052$4,312
8 years$6,927$6,395$5,902$5,444$5,020$3,382
9 years$6,095$5,568$5,083$4,637$4,228$2,687
10 years$5,430$4,908$4,431$3,997$3,602$2,157
11 years$4,886$4,369$3,901$3,479$3,098$1,745
12 years$4,433$3,922$3,462$3,051$2,685$1,421
13 years$4,050$3,544$3,093$2,694$2,341$1,162
14 years$3,722$3,221$2,779$2,391$2,052$954
15 years$3,438$2,943$2,509$2,133$1,807$785
16 years$3,190$2,700$2,275$1,910$1,597$648
17 years$2,971$2,487$2,070$1,716$1,416$536
18 years$2,777$2,298$1,890$1,546$1,259$445
19 years$2,603$2,130$1,730$1,397$1,122$369
20 years$2,447$1,979$1,588$1,265$1,002$307
21 years$2,306$1,843$1,461$1,148$897$255
22 years$2,178$1,721$1,346$1,044$804$212
23 years$2,061$1,609$1,243$951$722$177
24 years$1,954$1,508$1,149$867$649$147
25 years$1,856$1,415$1,065$792$584$123
26 years$1,766$1,330$987$724$526$102
27 years$1,682$1,252$917$663$474$85
28 years$1,605$1,179$852$607$428$71
29 years$1,533$1,113$793$557$386$59
30 years$1,466$1,051$739$511$349$50
31 years$1,403$993$689$469$316$41
32 years$1,344$940$643$431$285$35
33 years$1,289$890$600$397$258$29
34 years$1,238$844$561$365$234$24
35 years$1,189$800$524$336$212$20
36 years$1,144$759$490$309$192$17
37 years$1,100$721$459$285$174$14
38 years$1,060$685$430$263$158$12
39 years$1,021$652$403$242$143$10
40 years$984$620$377$224$130$8
41 years$950$590$354$206$118$7
42 years$917$562$332$190$107$6
43 years$885$536$312$176$97$5
44 years$855$511$292$162$88$4
45 years$827$487$275$150$80$3
46 years$800$464$258$138$73$3
47 years$774$443$242$128$66$2
48 years$749$423$228$118$60$2
49 years$726$404$214$109$54$2
50 years$703$386$201$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $720,000, adding $6,352 every year, while hoping to spend $41,363 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: 58/30/12 Blend
43$720,000$720,000$720,000$720,000
44$799,992$761,832$750,672$843,660
45$837,581$755,152$731,810$867,181
46$877,618$746,758$710,929$887,648
47$920,309$736,523$687,919$908,971
48$965,880$724,312$662,663$931,238
49$1,014,577$709,980$635,040$954,545
50$1,066,671$693,377$604,921$979,004
51$1,122,461$674,341$572,175$1,004,737
52$1,182,271$652,703$536,662$1,031,881
53$1,246,459$628,283$498,237$1,060,592
54$1,315,418$600,888$456,748$1,091,039
55$1,389,578$570,319$412,036$1,123,417
56$1,469,412$536,362$363,937$1,157,939
57$1,555,439$498,791$312,275$1,194,845
58$1,648,230$457,367$256,872$1,234,403
59$1,748,410$411,839$197,538$1,276,909
60$1,856,669$361,940$134,077$1,322,697
61$1,973,762$307,388$66,282$1,372,135
62$2,100,522$247,886$0$1,425,635
63$2,237,863$183,120$0$1,484,432
64$2,386,790$112,758$0$1,557,365
65$2,548,408$36,449$0$1,636,535
66$2,723,934$0$0$1,722,603
67$2,914,704$0$0$1,831,543
68$3,122,190$0$0$1,963,171
69$3,348,010$0$0$2,106,485
70$3,593,946$0$0$2,262,625
71$3,861,958$0$0$2,432,840
72$4,154,201$0$0$2,618,510
73$4,473,050$0$0$2,821,150
74$4,821,119$0$0$3,042,430
75$5,201,282$0$0$3,284,185
76$5,616,707$0$0$3,548,440
77$6,070,880$0$0$3,837,421
78$6,567,638$0$0$4,153,579
79$7,111,208$0$0$4,499,615
80$7,706,242$0$0$4,878,501
81$8,357,866$0$0$5,293,512
82$9,071,721$0$0$5,748,251
83$9,854,021$0$0$6,246,691
84$10,711,611$0$0$6,793,202
85$11,652,029$0$0$7,392,603
86$12,683,576$0$0$8,050,197
87$13,815,396$0$0$8,771,827
88$15,057,563$0$0$9,563,930
89$16,421,169$0$0$10,433,594
90$17,918,437$0$0$11,388,630
91$19,562,829$0$0$12,437,640
92$21,369,176$0$0$13,590,101
93$23,353,814$0$0$14,856,454
94$25,534,743$0$0$16,248,199
95$27,931,789$0$0$17,778,009
96$30,566,798$0$0$19,459,843
97$33,463,837$0$0$21,309,081
98$36,649,418$0$0$23,342,668
99$40,152,755$0$0$25,579,273
100$44,006,034$0$0$28,039,464