Can I retire at age 44 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$45,418$45,014$44,619$44,234$43,858$43,256
2 years$22,484$22,066$21,660$21,266$20,885$20,279
3 years$14,841$14,420$14,015$13,626$13,250$12,660
4 years$11,020$10,600$10,200$9,816$9,450$8,880
5 years$8,728$8,311$7,915$7,540$7,184$6,635
6 years$7,200$6,786$6,397$6,030$5,684$5,158
7 years$6,109$5,699$5,316$4,957$4,623$4,119
8 years$5,292$4,885$4,508$4,159$3,835$3,354
9 years$4,656$4,254$3,883$3,542$3,230$2,770
10 years$4,148$3,749$3,385$3,053$2,752$2,314
11 years$3,732$3,338$2,980$2,657$2,367$1,951
12 years$3,386$2,996$2,645$2,331$2,051$1,656
13 years$3,094$2,707$2,363$2,058$1,788$1,414
14 years$2,843$2,461$2,123$1,827$1,568$1,213
15 years$2,626$2,248$1,917$1,629$1,380$1,044
16 years$2,437$2,063$1,738$1,459$1,220$903
17 years$2,270$1,900$1,582$1,311$1,082$782
18 years$2,121$1,755$1,444$1,181$962$680
19 years$1,989$1,627$1,322$1,067$857$592
20 years$1,869$1,512$1,213$967$766$516
21 years$1,762$1,408$1,116$877$685$451
22 years$1,664$1,314$1,028$798$614$394
23 years$1,575$1,229$949$726$551$345
24 years$1,493$1,152$878$663$496$302
25 years$1,418$1,081$813$605$446$265
26 years$1,349$1,016$754$553$402$233
27 years$1,285$956$700$506$362$205
28 years$1,226$901$651$464$327$180
29 years$1,171$850$606$425$295$158
30 years$1,120$803$564$390$267$139
31 years$1,072$759$526$359$241$122
32 years$1,027$718$491$330$218$108
33 years$985$680$458$303$197$95
34 years$946$644$428$279$179$84
35 years$908$611$400$257$162$74
36 years$874$580$375$236$147$65
37 years$841$551$351$218$133$57
38 years$809$524$328$201$120$50
39 years$780$498$308$185$109$44
40 years$752$474$288$171$99$39
41 years$725$451$270$158$90$35
42 years$700$429$254$145$82$31
43 years$676$409$238$134$74$27
44 years$653$390$223$124$67$24
45 years$632$372$210$114$61$21
46 years$611$355$197$106$55$18
47 years$591$339$185$98$50$16
48 years$572$323$174$90$46$14
49 years$554$309$163$83$41$13
50 years$537$295$154$77$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $550,000, adding $5,003 every year, while hoping to spend $29,357 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: 53/31/16 Blend
43$550,000$550,000$550,000$550,000
44$611,261$582,111$573,586$640,772
45$642,374$579,398$561,565$658,790
46$675,676$575,569$548,158$674,852
47$711,361$570,538$533,287$691,674
48$749,638$564,213$516,871$709,337
49$790,740$556,498$498,825$727,931
50$834,920$547,291$479,060$747,556
51$882,458$536,485$457,485$768,325
52$933,660$523,963$434,001$790,363
53$988,861$509,606$408,508$813,811
54$1,048,432$493,284$380,901$838,825
55$1,112,779$474,861$351,067$865,580
56$1,182,347$454,194$318,893$894,271
57$1,257,628$431,131$284,257$925,115
58$1,339,159$405,509$247,033$958,354
59$1,427,534$377,160$207,089$994,256
60$1,523,405$345,903$164,289$1,033,122
61$1,627,487$311,548$118,488$1,075,283
62$1,740,570$273,892$69,536$1,121,111
63$1,863,520$232,725$17,278$1,171,018
64$1,997,292$187,821$0$1,225,459
65$2,142,935$138,944$0$1,291,515
66$2,301,604$85,841$0$1,366,752
67$2,474,569$28,250$0$1,448,875
68$2,663,231$0$0$1,538,609
69$2,869,128$0$0$1,648,394
70$3,093,955$0$0$1,778,845
71$3,339,579$0$0$1,921,415
72$3,608,052$0$0$2,077,303
73$3,901,636$0$0$2,247,828
74$4,222,822$0$0$2,434,445
75$4,574,349$0$0$2,638,752
76$4,959,238$0$0$2,862,512
77$5,380,811$0$0$3,107,666
78$5,842,731$0$0$3,376,351
79$6,349,028$0$0$3,670,920
80$6,904,144$0$0$3,993,966
81$7,512,968$0$0$4,348,344
82$8,180,887$0$0$4,737,199
83$8,913,834$0$0$5,163,994
84$9,718,344$0$0$5,632,547
85$10,601,616$0$0$6,147,059
86$11,571,580$0$0$6,712,161
87$12,636,971$0$0$7,332,954
88$13,807,413$0$0$8,015,056
89$15,093,505$0$0$8,764,659
90$16,506,928$0$0$9,588,580
91$18,060,548$0$0$10,494,335
92$19,768,539$0$0$11,490,200
93$21,646,518$0$0$12,585,294
94$23,711,691$0$0$13,789,666
95$25,983,014$0$0$15,114,384
96$28,481,373$0$0$16,571,646
97$31,229,780$0$0$18,174,890
98$34,253,589$0$0$19,938,923
99$37,580,734$0$0$21,880,058
100$41,241,997$0$0$24,016,271