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%11.3%
1 years$59,457$58,927$58,411$57,906$57,414$57,100
2 years$29,434$28,886$28,355$27,840$27,340$27,023
3 years$19,428$18,877$18,347$17,837$17,346$17,036
4 years$14,426$13,877$13,352$12,851$12,371$12,071
5 years$11,425$10,880$10,362$9,870$9,404$9,114
6 years$9,425$8,884$8,374$7,894$7,441$7,162
7 years$7,998$7,461$6,959$6,490$6,052$5,783
8 years$6,927$6,395$5,902$5,444$5,020$4,762
9 years$6,095$5,568$5,083$4,637$4,228$3,981
10 years$5,430$4,908$4,431$3,997$3,602$3,366
11 years$4,886$4,369$3,901$3,479$3,098$2,872
12 years$4,433$3,922$3,462$3,051$2,685$2,469
13 years$4,050$3,544$3,093$2,694$2,341$2,135
14 years$3,722$3,221$2,779$2,391$2,052$1,856
15 years$3,438$2,943$2,509$2,133$1,807$1,620
16 years$3,190$2,700$2,275$1,910$1,597$1,420
17 years$2,971$2,487$2,070$1,716$1,416$1,248
18 years$2,777$2,298$1,890$1,546$1,259$1,099
19 years$2,603$2,130$1,730$1,397$1,122$971
20 years$2,447$1,979$1,588$1,265$1,002$859
21 years$2,306$1,843$1,461$1,148$897$762
22 years$2,178$1,721$1,346$1,044$804$676
23 years$2,061$1,609$1,243$951$722$601
24 years$1,954$1,508$1,149$867$649$535
25 years$1,856$1,415$1,065$792$584$477
26 years$1,766$1,330$987$724$526$425
27 years$1,682$1,252$917$663$474$379
28 years$1,605$1,179$852$607$428$339
29 years$1,533$1,113$793$557$386$303
30 years$1,466$1,051$739$511$349$271
31 years$1,403$993$689$469$316$242
32 years$1,344$940$643$431$285$217
33 years$1,289$890$600$397$258$194
34 years$1,238$844$561$365$234$174
35 years$1,189$800$524$336$212$156
36 years$1,144$759$490$309$192$140
37 years$1,100$721$459$285$174$125
38 years$1,060$685$430$263$158$112
39 years$1,021$652$403$242$143$101
40 years$984$620$377$224$130$90
41 years$950$590$354$206$118$81
42 years$917$562$332$190$107$73
43 years$885$536$312$176$97$65
44 years$855$511$292$162$88$59
45 years$827$487$275$150$80$53
46 years$800$464$258$138$73$47
47 years$774$443$242$128$66$42
48 years$749$423$228$118$60$38
49 years$726$404$214$109$54$34
50 years$703$386$201$101$49$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $720,000, adding $6,675 every year, while hoping to spend $50,234 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: 37/46/17 Blend
43$720,000$720,000$720,000$720,000
44$800,325$762,165$751,005$825,593
45$828,510$746,063$722,715$828,325
46$857,886$727,488$691,794$826,018
47$888,521$706,266$658,100$822,464
48$920,490$682,212$621,486$817,578
49$953,872$655,133$581,798$811,271
50$988,753$624,820$538,874$803,450
51$1,025,225$591,056$492,547$794,019
52$1,063,390$553,610$442,639$782,876
53$1,103,356$512,237$388,967$769,916
54$1,145,241$466,679$331,340$755,028
55$1,189,172$416,663$269,557$738,098
56$1,235,289$361,900$203,407$719,005
57$1,283,741$302,086$132,674$697,627
58$1,334,692$236,898$57,129$673,835
59$1,388,321$165,996$0$647,494
60$1,444,821$89,021$0$622,729
61$1,504,403$5,593$0$606,472
62$1,567,297$0$0$588,249
63$1,633,753$0$0$610,825
64$1,704,046$0$0$637,744
65$1,778,474$0$0$666,293
66$1,857,362$0$0$696,605
67$1,941,069$0$0$728,823
68$2,029,982$0$0$763,103
69$2,124,528$0$0$799,619
70$2,225,174$0$0$838,557
71$2,332,430$0$0$880,125
72$2,446,856$0$0$924,547
73$2,569,063$0$0$972,072
74$2,699,723$0$0$1,022,971
75$2,839,571$0$0$1,077,542
76$2,989,415$0$0$1,136,111
77$3,150,140$0$0$1,199,037
78$3,322,717$0$0$1,266,713
79$3,508,211$0$0$1,339,572
80$3,707,793$0$0$1,418,087
81$3,922,747$0$0$1,502,780
82$4,154,485$0$0$1,594,223
83$4,404,555$0$0$1,693,046
84$4,674,662$0$0$1,799,938
85$4,966,676$0$0$1,915,662
86$5,282,654$0$0$2,041,051
87$5,624,857$0$0$2,177,025
88$5,995,772$0$0$2,324,593
89$6,398,130$0$0$2,484,867
90$6,834,940$0$0$2,659,068
91$7,309,506$0$0$2,848,542
92$7,825,465$0$0$3,054,767
93$8,386,821$0$0$3,279,370
94$8,997,973$0$0$3,524,143
95$9,663,768$0$0$3,791,056
96$10,389,536$0$0$4,082,280
97$11,181,145$0$0$4,400,201
98$12,045,051$0$0$4,747,448
99$12,988,364$0$0$5,126,914
100$14,018,908$0$0$5,541,786