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%15.3%
1 years$45,418$45,014$44,619$44,234$43,858$42,902
2 years$22,484$22,066$21,660$21,266$20,885$19,927
3 years$14,841$14,420$14,015$13,626$13,250$12,320
4 years$11,020$10,600$10,200$9,816$9,450$8,554
5 years$8,728$8,311$7,915$7,540$7,184$6,325
6 years$7,200$6,786$6,397$6,030$5,684$4,864
7 years$6,109$5,699$5,316$4,957$4,623$3,841
8 years$5,292$4,885$4,508$4,159$3,835$3,091
9 years$4,656$4,254$3,883$3,542$3,230$2,523
10 years$4,148$3,749$3,385$3,053$2,752$2,082
11 years$3,732$3,338$2,980$2,657$2,367$1,733
12 years$3,386$2,996$2,645$2,331$2,051$1,452
13 years$3,094$2,707$2,363$2,058$1,788$1,224
14 years$2,843$2,461$2,123$1,827$1,568$1,036
15 years$2,626$2,248$1,917$1,629$1,380$880
16 years$2,437$2,063$1,738$1,459$1,220$750
17 years$2,270$1,900$1,582$1,311$1,082$640
18 years$2,121$1,755$1,444$1,181$962$548
19 years$1,989$1,627$1,322$1,067$857$470
20 years$1,869$1,512$1,213$967$766$404
21 years$1,762$1,408$1,116$877$685$348
22 years$1,664$1,314$1,028$798$614$299
23 years$1,575$1,229$949$726$551$258
24 years$1,493$1,152$878$663$496$223
25 years$1,418$1,081$813$605$446$192
26 years$1,349$1,016$754$553$402$166
27 years$1,285$956$700$506$362$144
28 years$1,226$901$651$464$327$124
29 years$1,171$850$606$425$295$107
30 years$1,120$803$564$390$267$93
31 years$1,072$759$526$359$241$80
32 years$1,027$718$491$330$218$70
33 years$985$680$458$303$197$60
34 years$946$644$428$279$179$52
35 years$908$611$400$257$162$45
36 years$874$580$375$236$147$39
37 years$841$551$351$218$133$34
38 years$809$524$328$201$120$29
39 years$780$498$308$185$109$26
40 years$752$474$288$171$99$22
41 years$725$451$270$158$90$19
42 years$700$429$254$145$82$17
43 years$676$409$238$134$74$14
44 years$653$390$223$124$67$13
45 years$632$372$210$114$61$11
46 years$611$355$197$106$55$9
47 years$591$339$185$98$50$8
48 years$572$323$174$90$46$7
49 years$554$309$163$83$41$6
50 years$537$295$154$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $550,000, adding $6,292 every year, while hoping to spend $22,323 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: 36/39/25 Blend
43$550,000$550,000$550,000$550,000
44$612,590$583,440$574,915$629,845
45$651,323$588,277$570,423$647,971
46$693,258$592,603$565,033$665,033
47$738,699$596,369$558,690$683,011
48$787,979$599,524$551,339$702,004
49$841,464$602,012$542,920$722,118
50$899,558$603,775$533,372$743,474
51$962,704$604,751$522,631$766,205
52$1,031,389$604,873$510,629$790,461
53$1,106,151$604,072$497,295$816,407
54$1,187,579$602,273$482,555$844,228
55$1,276,324$599,396$466,333$874,130
56$1,373,101$595,358$448,547$906,342
57$1,478,697$590,070$429,113$941,117
58$1,593,978$583,438$407,942$978,737
59$1,719,898$575,360$384,942$1,019,517
60$1,857,507$565,732$360,017$1,063,805
61$2,007,961$554,441$333,066$1,111,986
62$2,172,532$541,368$303,982$1,164,491
63$2,352,621$526,386$272,657$1,221,795
64$2,549,773$509,363$238,975$1,284,426
65$2,765,685$490,157$202,816$1,352,969
66$3,002,229$468,619$164,055$1,428,073
67$3,261,465$444,591$122,559$1,510,458
68$3,545,663$417,904$78,194$1,600,920
69$3,857,323$388,384$30,816$1,700,341
70$4,199,197$355,842$0$1,809,699
71$4,574,318$320,080$0$1,935,342
72$4,986,025$280,891$0$2,082,316
73$5,437,998$238,053$0$2,243,762
74$5,934,289$191,333$0$2,421,191
75$6,479,363$140,484$0$2,616,273
76$7,078,137$85,247$0$2,830,852
77$7,736,029$25,347$0$3,066,965
78$8,459,008$0$0$3,326,861
79$9,253,649$0$0$3,629,977
80$10,127,195$0$0$3,975,235
81$11,087,628$0$0$4,354,921
82$12,143,740$0$0$4,772,524
83$13,305,219$0$0$5,231,883
84$14,582,737$0$0$5,737,234
85$15,988,054$0$0$6,293,238
86$17,534,126$0$0$6,905,035
87$19,235,229$0$0$7,578,287
88$21,107,093$0$0$8,319,233
89$23,167,048$0$0$9,134,745
90$25,434,189$0$0$10,032,399
91$27,929,559$0$0$11,020,539
92$30,676,340$0$0$12,108,362
93$33,700,078$0$0$13,306,001
94$37,028,923$0$0$14,624,620
95$40,693,890$0$0$16,076,523
96$44,729,156$0$0$17,675,265
97$49,172,381$0$0$19,435,787
98$54,065,061$0$0$21,374,546
99$59,452,923$0$0$23,509,684
100$65,386,354$0$0$25,861,185