Can I retire at age 44 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$61,109$60,564$60,033$59,515$59,009$57,629
2 years$30,252$29,688$29,142$28,613$28,099$26,717
3 years$19,967$19,402$18,857$18,333$17,827$16,486
4 years$14,826$14,262$13,723$13,208$12,715$11,424
5 years$11,743$11,182$10,650$10,145$9,665$8,430
6 years$9,687$9,131$8,607$8,113$7,648$6,468
7 years$8,220$7,668$7,152$6,670$6,220$5,096
8 years$7,120$6,573$6,066$5,595$5,160$4,092
9 years$6,265$5,723$5,224$4,766$4,345$3,332
10 years$5,581$5,044$4,555$4,108$3,703$2,743
11 years$5,022$4,491$4,010$3,575$3,184$2,277
12 years$4,556$4,031$3,559$3,136$2,759$1,903
13 years$4,163$3,643$3,179$2,769$2,406$1,599
14 years$3,826$3,311$2,857$2,458$2,109$1,350
15 years$3,534$3,025$2,579$2,192$1,857$1,143
16 years$3,278$2,775$2,338$1,963$1,641$972
17 years$3,054$2,556$2,128$1,763$1,455$828
18 years$2,854$2,362$1,942$1,589$1,294$707
19 years$2,675$2,189$1,778$1,436$1,153$604
20 years$2,515$2,034$1,632$1,301$1,030$518
21 years$2,370$1,894$1,501$1,180$922$444
22 years$2,238$1,768$1,383$1,073$826$381
23 years$2,119$1,654$1,277$977$742$328
24 years$2,009$1,550$1,181$891$667$282
25 years$1,908$1,454$1,094$814$600$242
26 years$1,815$1,367$1,015$744$540$209
27 years$1,729$1,286$942$681$487$180
28 years$1,649$1,212$876$624$440$155
29 years$1,575$1,143$815$572$397$134
30 years$1,506$1,080$759$525$359$115
31 years$1,442$1,021$708$483$324$100
32 years$1,382$966$661$443$293$86
33 years$1,325$915$617$408$266$74
34 years$1,272$867$576$375$240$64
35 years$1,222$822$539$345$218$55
36 years$1,175$780$504$318$197$48
37 years$1,131$741$472$293$179$41
38 years$1,089$704$442$270$162$36
39 years$1,049$670$414$249$147$31
40 years$1,012$637$388$230$133$27
41 years$976$607$364$212$121$23
42 years$942$578$341$196$110$20
43 years$910$551$320$181$100$17
44 years$879$525$301$167$90$15
45 years$850$500$282$154$82$13
46 years$822$477$265$142$75$11
47 years$796$456$249$131$68$10
48 years$770$435$234$121$61$8
49 years$746$415$220$112$56$7
50 years$722$397$207$104$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $740,000, adding $2,171 every year, while hoping to spend $37,837 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: 78/10/12 Blend
43$740,000$740,000$740,000$740,000
44$817,719$778,499$767,029$879,472
45$860,868$776,388$752,467$918,294
46$907,151$772,904$736,148$955,799
47$956,846$767,942$717,974$995,856
48$1,010,260$761,387$697,843$1,038,704
49$1,067,731$753,120$675,645$1,084,607
50$1,129,628$743,011$651,268$1,133,855
51$1,196,358$730,927$624,593$1,186,769
52$1,268,367$716,723$595,497$1,243,701
53$1,346,146$700,247$563,851$1,305,043
54$1,430,232$681,339$529,520$1,371,223
55$1,521,219$659,827$492,362$1,442,715
56$1,619,757$635,533$452,230$1,520,042
57$1,726,563$608,264$408,970$1,603,780
58$1,842,422$577,819$362,421$1,694,564
59$1,968,202$543,985$312,414$1,793,096
60$2,104,853$506,535$258,775$1,900,148
61$2,253,423$465,231$201,319$2,016,574
62$2,415,065$419,819$139,856$2,143,312
63$2,591,046$370,035$74,185$2,281,401
64$2,782,760$315,594$4,098$2,431,984
65$2,991,743$256,200$0$2,596,323
66$3,219,685$191,537$0$2,784,860
67$3,468,444$121,274$0$2,991,227
68$3,740,068$45,059$0$3,216,619
69$4,036,809$0$0$3,462,936
70$4,361,149$0$0$3,736,392
71$4,715,817$0$0$4,040,865
72$5,103,822$0$0$4,373,979
73$5,528,473$0$0$4,738,581
74$5,993,417$0$0$5,137,803
75$6,502,667$0$0$5,575,097
76$7,060,646$0$0$6,054,261
77$7,672,221$0$0$6,579,481
78$8,342,756$0$0$7,155,366
79$9,078,157$0$0$7,786,991
80$9,884,929$0$0$8,479,949
81$10,770,236$0$0$9,240,396
82$11,741,972$0$0$10,075,117
83$12,808,829$0$0$10,991,584
84$13,980,385$0$0$11,998,028
85$15,267,189$0$0$13,103,517
86$16,680,863$0$0$14,318,038
87$18,234,208$0$0$15,652,596
88$19,941,329$0$0$17,119,314
89$21,817,765$0$0$18,731,547
90$23,880,633$0$0$20,504,009
91$26,148,793$0$0$22,452,910
92$28,643,025$0$0$24,596,110
93$31,386,220$0$0$26,953,286
94$34,403,602$0$0$29,546,117
95$37,722,960$0$0$32,398,491
96$41,374,914$0$0$35,536,725
97$45,393,200$0$0$38,989,817
98$49,814,990$0$0$42,789,717
99$54,681,240$0$0$46,971,629
100$60,037,079$0$0$51,574,343