Can I retire at age 44 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$49,547$49,106$48,676$48,255$47,845$45,965
2 years$24,528$24,072$23,629$23,200$22,783$20,912
3 years$16,190$15,731$15,289$14,864$14,455$12,651
4 years$12,021$11,564$11,127$10,709$10,309$8,587
5 years$9,521$9,066$8,635$8,225$7,837$6,201
6 years$7,855$7,403$6,978$6,578$6,201$4,652
7 years$6,665$6,217$5,799$5,408$5,043$3,581
8 years$5,773$5,329$4,918$4,537$4,184$2,807
9 years$5,079$4,640$4,236$3,864$3,523$2,229
10 years$4,525$4,090$3,693$3,331$3,002$1,788
11 years$4,072$3,641$3,251$2,899$2,582$1,446
12 years$3,694$3,268$2,885$2,543$2,237$1,176
13 years$3,375$2,953$2,578$2,245$1,951$961
14 years$3,102$2,685$2,316$1,993$1,710$788
15 years$2,865$2,452$2,091$1,777$1,506$649
16 years$2,658$2,250$1,896$1,591$1,331$535
17 years$2,476$2,072$1,725$1,430$1,180$443
18 years$2,314$1,915$1,575$1,289$1,049$366
19 years$2,169$1,775$1,442$1,164$935$304
20 years$2,039$1,649$1,323$1,054$835$252
21 years$1,922$1,536$1,217$957$748$210
22 years$1,815$1,434$1,122$870$670$174
23 years$1,718$1,341$1,036$792$601$145
24 years$1,629$1,256$958$723$541$121
25 years$1,547$1,179$887$660$486$101
26 years$1,472$1,108$823$604$438$84
27 years$1,402$1,043$764$552$395$70
28 years$1,337$983$710$506$356$58
29 years$1,277$927$661$464$322$49
30 years$1,221$876$616$426$291$40
31 years$1,169$828$574$391$263$34
32 years$1,120$783$536$360$238$28
33 years$1,075$742$500$331$215$24
34 years$1,032$703$467$304$195$20
35 years$991$667$437$280$177$16
36 years$953$633$409$258$160$14
37 years$917$601$382$238$145$11
38 years$883$571$358$219$131$10
39 years$851$543$336$202$119$8
40 years$820$517$315$186$108$7
41 years$791$492$295$172$98$6
42 years$764$468$277$159$89$5
43 years$738$446$260$146$81$4
44 years$713$425$244$135$73$3
45 years$689$406$229$125$67$3
46 years$667$387$215$115$60$2
47 years$645$369$202$107$55$2
48 years$624$353$190$98$50$2
49 years$605$337$178$91$45$1
50 years$586$322$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $600,000, adding $3,431 every year, while hoping to spend $34,873 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: 50/37/13 Blend
43$600,000$600,000$600,000$600,000
44$664,739$632,939$623,639$695,463
45$695,438$626,848$607,426$710,822
46$728,099$619,291$589,502$723,563
47$762,886$610,157$569,771$736,623
48$799,978$599,332$548,136$750,044
49$839,570$586,694$524,493$763,872
50$881,878$572,113$498,735$778,161
51$927,136$555,454$470,749$792,972
52$975,603$536,570$440,418$808,376
53$1,027,561$515,308$407,619$824,453
54$1,083,321$491,507$372,223$841,293
55$1,143,223$464,994$334,096$859,000
56$1,207,642$435,589$293,098$877,690
57$1,276,987$403,098$249,082$897,496
58$1,351,710$367,320$201,896$918,566
59$1,432,305$328,040$151,381$941,070
60$1,519,316$285,030$97,368$965,196
61$1,613,342$238,052$39,686$991,157
62$1,715,038$186,852$0$1,019,193
63$1,825,128$131,163$0$1,052,607
64$1,944,404$70,703$0$1,094,737
65$2,073,739$5,173$0$1,140,438
66$2,214,092$0$0$1,190,117
67$2,366,521$0$0$1,270,992
68$2,532,184$0$0$1,361,234
69$2,712,360$0$0$1,459,440
70$2,908,453$0$0$1,566,383
71$3,122,010$0$0$1,682,914
72$3,354,733$0$0$1,809,968
73$3,608,492$0$0$1,948,577
74$3,885,350$0$0$2,099,875
75$4,187,574$0$0$2,265,111
76$4,517,661$0$0$2,445,658
77$4,878,361$0$0$2,643,031
78$5,272,698$0$0$2,858,895
79$5,704,005$0$0$3,095,085
80$6,175,951$0$0$3,353,621
81$6,692,574$0$0$3,636,726
82$7,258,324$0$0$3,946,851
83$7,878,097$0$0$4,286,693
84$8,557,290$0$0$4,659,223
85$9,301,842$0$0$5,067,712
86$10,118,298$0$0$5,515,765
87$11,013,863$0$0$6,007,350
88$11,996,477$0$0$6,546,839
89$13,074,881$0$0$7,139,049
90$14,258,708$0$0$7,789,283
91$15,558,567$0$0$8,503,386
92$16,986,143$0$0$9,287,795
93$18,554,311$0$0$10,149,601
94$20,277,253$0$0$11,096,617
95$22,170,592$0$0$12,137,448
96$24,251,542$0$0$13,281,577
97$26,539,065$0$0$14,539,450
98$29,054,051$0$0$15,922,575
99$31,819,518$0$0$17,443,632
100$34,860,824$0$0$19,116,590