Can I retire at age 44 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$52,851$52,380$51,921$51,472$51,034$50,025
2 years$26,164$25,676$25,204$24,746$24,302$23,289
3 years$17,269$16,780$16,309$15,855$15,418$14,433
4 years$12,823$12,335$11,869$11,423$10,996$10,047
5 years$10,156$9,671$9,211$8,774$8,359$7,449
6 years$8,378$7,897$7,443$7,016$6,614$5,744
7 years$7,109$6,632$6,186$5,769$5,379$4,548
8 years$6,158$5,685$5,246$4,839$4,463$3,671
9 years$5,418$4,950$4,518$4,122$3,758$3,006
10 years$4,827$4,363$3,939$3,553$3,202$2,488
11 years$4,343$3,884$3,468$3,092$2,754$2,077
12 years$3,941$3,486$3,078$2,712$2,387$1,746
13 years$3,600$3,150$2,750$2,395$2,081$1,476
14 years$3,309$2,864$2,471$2,126$1,824$1,254
15 years$3,056$2,616$2,231$1,896$1,606$1,069
16 years$2,835$2,400$2,022$1,697$1,420$914
17 years$2,641$2,210$1,840$1,525$1,259$784
18 years$2,468$2,042$1,680$1,374$1,119$673
19 years$2,314$1,893$1,538$1,242$998$580
20 years$2,175$1,759$1,411$1,125$891$500
21 years$2,050$1,638$1,298$1,021$797$432
22 years$1,936$1,529$1,197$928$715$373
23 years$1,832$1,430$1,105$845$642$323
24 years$1,737$1,340$1,022$771$577$280
25 years$1,650$1,258$946$704$519$243
26 years$1,570$1,182$878$644$467$210
27 years$1,495$1,112$815$589$421$183
28 years$1,426$1,048$758$540$380$159
29 years$1,362$989$705$495$343$138
30 years$1,303$934$657$454$310$120
31 years$1,247$883$612$417$280$104
32 years$1,195$835$571$384$254$90
33 years$1,146$791$533$353$230$79
34 years$1,100$750$498$324$208$68
35 years$1,057$711$466$299$188$60
36 years$1,016$675$436$275$171$52
37 years$978$641$408$253$155$45
38 years$942$609$382$234$140$39
39 years$908$579$358$215$127$34
40 years$875$551$335$199$115$30
41 years$844$525$315$183$105$26
42 years$815$500$295$169$95$23
43 years$787$476$277$156$86$20
44 years$760$454$260$144$78$17
45 years$735$433$244$133$71$15
46 years$711$413$229$123$64$13
47 years$688$394$215$114$59$11
48 years$666$376$202$105$53$10
49 years$645$359$190$97$48$9
50 years$625$343$179$90$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $640,000, adding $4,973 every year, while hoping to spend $46,494 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: 54/18/28 Blend
43$640,000$640,000$640,000$640,000
44$710,410$676,490$666,570$743,001
45$733,402$660,168$639,430$749,749
46$757,182$641,489$609,824$751,920
47$781,779$620,287$577,618$753,352
48$807,228$596,388$542,675$753,993
49$833,562$569,608$504,852$753,787
50$860,818$539,752$463,997$752,676
51$889,035$506,613$419,954$750,598
52$918,252$469,973$372,559$747,489
53$948,514$429,602$321,639$743,281
54$979,865$385,255$267,017$737,904
55$1,012,354$336,675$208,505$731,283
56$1,046,033$283,590$145,908$723,343
57$1,080,954$225,713$79,022$714,000
58$1,117,177$162,738$7,635$703,172
59$1,154,762$94,345$0$690,770
60$1,193,775$20,196$0$697,182
61$1,234,287$0$0$705,598
62$1,276,371$0$0$725,605
63$1,320,107$0$0$750,563
64$1,365,582$0$0$776,521
65$1,412,885$0$0$803,533
66$1,462,117$0$0$831,656
67$1,513,380$0$0$860,952
68$1,566,790$0$0$891,487
69$1,622,468$0$0$923,332
70$1,680,544$0$0$956,564
71$1,741,161$0$0$991,265
72$1,804,470$0$0$1,027,526
73$1,870,637$0$0$1,065,443
74$1,939,839$0$0$1,105,120
75$2,012,270$0$0$1,146,671
76$2,088,137$0$0$1,190,218
77$2,167,667$0$0$1,235,895
78$2,251,105$0$0$1,283,845
79$2,338,717$0$0$1,334,225
80$2,430,793$0$0$1,387,207
81$2,527,647$0$0$1,442,974
82$2,629,621$0$0$1,501,729
83$2,737,086$0$0$1,563,692
84$2,850,450$0$0$1,629,102
85$2,970,153$0$0$1,698,220
86$3,096,678$0$0$1,771,331
87$3,230,551$0$0$1,848,745
88$3,372,346$0$0$1,930,804
89$3,522,691$0$0$2,017,877
90$3,682,272$0$0$2,110,371
91$3,851,839$0$0$2,208,729
92$4,032,212$0$0$2,313,437
93$4,224,288$0$0$2,425,027
94$4,429,052$0$0$2,544,082
95$4,647,578$0$0$2,671,239
96$4,881,047$0$0$2,807,197
97$5,130,752$0$0$2,952,722
98$5,398,110$0$0$3,108,656
99$5,684,674$0$0$3,275,920
100$5,992,151$0$0$3,455,525