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%13.5%
1 years$49,547$49,106$48,676$48,255$47,845$47,149
2 years$24,528$24,072$23,629$23,200$22,783$22,084
3 years$16,190$15,731$15,289$14,864$14,455$13,773
4 years$12,021$11,564$11,127$10,709$10,309$9,651
5 years$9,521$9,066$8,635$8,225$7,837$7,204
6 years$7,855$7,403$6,978$6,578$6,201$5,594
7 years$6,665$6,217$5,799$5,408$5,043$4,462
8 years$5,773$5,329$4,918$4,537$4,184$3,629
9 years$5,079$4,640$4,236$3,864$3,523$2,994
10 years$4,525$4,090$3,693$3,331$3,002$2,498
11 years$4,072$3,641$3,251$2,899$2,582$2,103
12 years$3,694$3,268$2,885$2,543$2,237$1,783
13 years$3,375$2,953$2,578$2,245$1,951$1,520
14 years$3,102$2,685$2,316$1,993$1,710$1,302
15 years$2,865$2,452$2,091$1,777$1,506$1,120
16 years$2,658$2,250$1,896$1,591$1,331$967
17 years$2,476$2,072$1,725$1,430$1,180$837
18 years$2,314$1,915$1,575$1,289$1,049$726
19 years$2,169$1,775$1,442$1,164$935$631
20 years$2,039$1,649$1,323$1,054$835$549
21 years$1,922$1,536$1,217$957$748$479
22 years$1,815$1,434$1,122$870$670$418
23 years$1,718$1,341$1,036$792$601$366
24 years$1,629$1,256$958$723$541$320
25 years$1,547$1,179$887$660$486$280
26 years$1,472$1,108$823$604$438$246
27 years$1,402$1,043$764$552$395$215
28 years$1,337$983$710$506$356$189
29 years$1,277$927$661$464$322$166
30 years$1,221$876$616$426$291$146
31 years$1,169$828$574$391$263$128
32 years$1,120$783$536$360$238$113
33 years$1,075$742$500$331$215$99
34 years$1,032$703$467$304$195$87
35 years$991$667$437$280$177$77
36 years$953$633$409$258$160$67
37 years$917$601$382$238$145$59
38 years$883$571$358$219$131$52
39 years$851$543$336$202$119$46
40 years$820$517$315$186$108$40
41 years$791$492$295$172$98$36
42 years$764$468$277$159$89$31
43 years$738$446$260$146$81$28
44 years$713$425$244$135$73$24
45 years$689$406$229$125$67$21
46 years$667$387$215$115$60$19
47 years$645$369$202$107$55$17
48 years$624$353$190$98$50$15
49 years$605$337$178$91$45$13
50 years$586$322$168$84$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $600,000, adding $5,406 every year, while hoping to spend $40,787 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: 63/13/24 Blend
43$600,000$600,000$600,000$600,000
44$666,776$634,976$625,676$704,262
45$691,390$622,693$603,239$717,963
46$717,148$608,441$578,684$727,919
47$744,123$592,080$551,896$737,882
48$772,395$573,464$522,756$747,858
49$802,051$552,435$491,139$757,854
50$833,183$528,827$456,916$767,882
51$865,895$502,467$419,949$777,954
52$900,297$473,169$380,098$788,088
53$936,509$440,736$337,214$798,302
54$974,664$404,962$291,141$808,623
55$1,014,902$365,629$241,717$819,078
56$1,057,381$322,503$188,774$829,703
57$1,102,271$275,342$132,134$840,539
58$1,149,755$223,887$71,613$851,633
59$1,200,037$167,864$7,019$863,041
60$1,253,337$106,986$0$874,827
61$1,309,898$40,949$0$902,921
62$1,369,982$0$0$934,502
63$1,433,879$0$0$972,297
64$1,501,904$0$0$1,018,794
65$1,574,403$0$0$1,068,374
66$1,651,756$0$0$1,121,299
67$1,734,377$0$0$1,177,858
68$1,822,720$0$0$1,238,364
69$1,917,285$0$0$1,303,164
70$2,018,617$0$0$1,372,635
71$2,127,318$0$0$1,447,194
72$2,244,044$0$0$1,527,296
73$2,369,517$0$0$1,613,442
74$2,504,532$0$0$1,706,181
75$2,649,958$0$0$1,806,117
76$2,806,751$0$0$1,913,912
77$2,975,961$0$0$2,030,295
78$3,158,743$0$0$2,156,066
79$3,356,365$0$0$2,292,104
80$3,570,220$0$0$2,439,375
81$3,801,840$0$0$2,598,942
82$4,052,911$0$0$2,771,974
83$4,325,285$0$0$2,959,756
84$4,620,998$0$0$3,163,700
85$4,942,292$0$0$3,385,360
86$5,291,632$0$0$3,626,448
87$5,671,729$0$0$3,888,843
88$6,085,566$0$0$4,174,616
89$6,536,428$0$0$4,486,046
90$7,027,927$0$0$4,825,638
91$7,564,039$0$0$5,196,152
92$8,149,142$0$0$5,600,624
93$8,788,053$0$0$6,042,399
94$9,486,075$0$0$6,525,156
95$10,249,047$0$0$7,052,946
96$11,083,397$0$0$7,630,232
97$11,996,202$0$0$8,261,923
98$12,995,256$0$0$8,953,430
99$14,089,140$0$0$9,710,707
100$15,287,304$0$0$10,540,314