Can I retire at age 44 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$51,199$50,743$50,298$49,864$49,440$48,741
2 years$25,346$24,874$24,417$23,973$23,543$22,840
3 years$16,730$16,255$15,799$15,360$14,936$14,252
4 years$12,422$11,949$11,498$11,066$10,653$9,992
5 years$9,838$9,369$8,923$8,500$8,098$7,462
6 years$8,116$7,650$7,211$6,797$6,408$5,798
7 years$6,887$6,425$5,992$5,588$5,211$4,627
8 years$5,965$5,507$5,082$4,688$4,323$3,765
9 years$5,249$4,795$4,377$3,993$3,641$3,108
10 years$4,676$4,226$3,816$3,442$3,102$2,595
11 years$4,207$3,763$3,360$2,996$2,668$2,186
12 years$3,817$3,377$2,982$2,628$2,312$1,854
13 years$3,488$3,052$2,664$2,320$2,016$1,582
14 years$3,205$2,774$2,393$2,059$1,767$1,356
15 years$2,961$2,534$2,161$1,836$1,556$1,167
16 years$2,747$2,325$1,959$1,644$1,375$1,008
17 years$2,558$2,141$1,783$1,477$1,219$873
18 years$2,391$1,979$1,627$1,331$1,084$758
19 years$2,242$1,834$1,490$1,203$966$659
20 years$2,107$1,704$1,367$1,090$863$575
21 years$1,986$1,587$1,258$989$772$501
22 years$1,875$1,482$1,159$899$692$438
23 years$1,775$1,386$1,070$819$622$383
24 years$1,683$1,298$990$747$559$336
25 years$1,598$1,218$917$682$503$294
26 years$1,521$1,145$850$624$453$258
27 years$1,449$1,078$790$571$408$227
28 years$1,382$1,016$734$523$368$199
29 years$1,320$958$683$480$333$175
30 years$1,262$905$636$440$301$154
31 years$1,208$855$593$404$272$135
32 years$1,158$809$553$372$246$119
33 years$1,110$766$517$342$222$105
34 years$1,066$726$483$314$201$92
35 years$1,024$689$451$289$182$81
36 years$985$654$422$267$165$71
37 years$948$621$395$246$150$63
38 years$912$590$370$226$136$55
39 years$879$561$347$209$123$49
40 years$848$534$325$192$112$43
41 years$818$508$305$178$101$38
42 years$789$484$286$164$92$33
43 years$762$461$268$151$83$29
44 years$737$440$252$140$76$26
45 years$712$419$236$129$69$23
46 years$689$400$222$119$62$20
47 years$667$382$209$110$57$18
48 years$645$364$196$102$51$16
49 years$625$348$184$94$47$14
50 years$605$332$173$87$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $620,000, adding $5,677 every year, while hoping to spend $20,965 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: 76/16/8 Blend
43$620,000$620,000$620,000$620,000
44$689,096$656,236$646,626$740,222
45$737,077$666,085$645,981$784,486
46$789,250$675,714$644,612$829,746
47$846,019$685,090$642,473$878,752
48$907,831$694,177$639,514$931,868
49$975,177$702,939$635,685$989,493
50$1,048,597$711,335$630,932$1,052,070
51$1,128,685$719,321$625,199$1,120,084
52$1,216,096$726,853$618,428$1,194,071
53$1,311,549$733,881$610,557$1,274,621
54$1,415,839$740,352$601,522$1,362,384
55$1,529,836$746,212$591,256$1,458,076
56$1,654,504$751,400$579,687$1,562,486
57$1,790,899$755,855$566,742$1,676,484
58$1,940,187$759,508$552,345$1,801,028
59$2,103,651$762,289$536,413$1,937,175
60$2,282,704$764,121$518,863$2,086,087
61$2,478,901$764,924$499,606$2,249,047
62$2,693,956$764,612$478,550$2,427,468
63$2,929,756$763,095$455,598$2,622,908
64$3,188,380$760,275$430,649$2,837,083
65$3,472,116$756,051$403,598$3,071,884
66$3,783,488$750,313$374,334$3,329,396
67$4,125,271$742,946$342,742$3,611,916
68$4,500,526$733,828$308,701$3,921,978
69$4,912,623$722,829$272,086$4,262,370
70$5,365,275$709,812$232,765$4,636,170
71$5,862,572$694,631$190,602$5,046,766
72$6,409,020$677,133$145,452$5,497,895
73$7,009,581$657,154$97,166$5,993,675
74$7,669,726$634,522$45,588$6,538,644
75$8,395,478$609,053$0$7,137,803
76$9,193,475$580,555$0$7,797,472
77$10,071,029$548,823$0$8,527,126
78$11,036,199$513,640$0$9,329,580
79$12,097,861$474,778$0$10,212,231
80$13,265,795$431,994$0$11,183,229
81$14,550,778$385,034$0$12,251,557
82$15,964,684$333,627$0$13,427,115
83$17,520,594$277,487$0$14,720,810
84$19,232,923$216,313$0$16,144,665
85$21,117,555$149,786$0$17,711,928
86$23,191,990$77,569$0$19,437,201
87$25,475,511$0$0$21,336,574
88$27,989,367$0$0$23,427,901
89$30,756,969$0$0$25,745,390
90$33,804,116$0$0$28,296,990
91$37,159,236$0$0$31,106,509
92$40,853,651$0$0$34,200,180
93$44,921,878$0$0$37,606,911
94$49,401,950$0$0$41,358,555
95$54,335,779$0$0$45,490,213
96$59,769,544$0$0$50,040,562
97$65,754,137$0$0$55,052,223
98$72,345,633$0$0$60,572,161
99$79,605,826$0$0$66,652,127
100$87,602,809$0$0$73,349,150