Can I retire at age 44 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$53,676$53,198$52,732$52,276$51,832$50,093
2 years$26,572$26,078$25,598$25,133$24,682$22,947
3 years$17,539$17,042$16,564$16,103$15,659$13,983
4 years$13,023$12,528$12,054$11,601$11,168$9,563
5 years$10,314$9,822$9,354$8,911$8,490$6,961
6 years$8,509$8,020$7,560$7,126$6,718$5,265
7 years$7,220$6,735$6,282$5,859$5,463$4,088
8 years$6,254$5,773$5,328$4,915$4,532$3,232
9 years$5,503$5,027$4,589$4,186$3,817$2,591
10 years$4,902$4,431$4,001$3,609$3,252$2,098
11 years$4,411$3,945$3,522$3,141$2,797$1,713
12 years$4,002$3,540$3,126$2,755$2,424$1,407
13 years$3,656$3,200$2,793$2,432$2,114$1,162
14 years$3,360$2,908$2,509$2,159$1,853$963
15 years$3,104$2,657$2,266$1,925$1,631$801
16 years$2,880$2,438$2,054$1,724$1,442$668
17 years$2,682$2,245$1,869$1,549$1,278$559
18 years$2,507$2,074$1,706$1,396$1,137$468
19 years$2,350$1,923$1,562$1,261$1,013$392
20 years$2,209$1,786$1,433$1,142$905$330
21 years$2,082$1,664$1,319$1,037$810$277
22 years$1,966$1,553$1,215$943$726$233
23 years$1,861$1,453$1,122$858$652$196
24 years$1,764$1,361$1,038$783$586$165
25 years$1,676$1,277$961$715$527$139
26 years$1,594$1,201$891$654$475$118
27 years$1,519$1,130$828$598$428$99
28 years$1,449$1,065$769$548$386$84
29 years$1,384$1,004$716$503$349$71
30 years$1,323$949$667$461$315$60
31 years$1,267$897$622$424$285$50
32 years$1,214$848$580$390$258$43
33 years$1,164$803$542$358$233$36
34 years$1,117$762$506$330$211$30
35 years$1,074$722$473$303$191$26
36 years$1,032$686$443$279$173$22
37 years$993$651$414$257$157$18
38 years$957$619$388$237$142$15
39 years$922$588$364$219$129$13
40 years$889$560$341$202$117$11
41 years$857$533$319$186$106$9
42 years$828$508$300$172$96$8
43 years$799$484$281$159$87$7
44 years$772$461$264$146$79$6
45 years$747$440$248$135$72$5
46 years$722$419$233$125$65$4
47 years$699$400$219$115$59$3
48 years$676$382$206$107$54$3
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $650,000, adding $6,574 every year, while hoping to spend $25,068 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: 47/36/17 Blend
43$650,000$650,000$650,000$650,000
44$723,081$688,631$678,556$753,303
45$770,163$695,702$674,616$782,051
46$821,208$702,279$669,703$810,169
47$876,592$708,312$663,759$840,151
48$936,731$713,746$656,722$872,179
49$1,002,083$718,525$648,527$906,457
50$1,073,149$722,586$639,107$943,212
51$1,150,483$725,866$628,389$982,692
52$1,234,693$728,294$616,301$1,025,173
53$1,326,449$729,797$602,764$1,070,960
54$1,426,486$730,297$587,697$1,120,392
55$1,535,617$729,711$571,014$1,173,842
56$1,654,734$727,951$552,627$1,231,724
57$1,784,819$724,922$532,442$1,294,494
58$1,926,953$720,526$510,362$1,362,659
59$2,082,328$714,658$486,284$1,436,777
60$2,252,254$707,204$460,103$1,517,466
61$2,438,175$698,048$431,708$1,605,411
62$2,641,680$687,063$400,981$1,701,365
63$2,864,518$674,117$367,801$1,806,165
64$3,108,618$659,067$332,041$1,920,733
65$3,376,102$641,766$293,569$2,046,088
66$3,669,306$622,055$252,246$2,183,358
67$3,990,806$599,766$207,926$2,333,787
68$4,343,437$574,723$160,460$2,498,750
69$4,730,321$546,739$109,690$2,679,767
70$5,154,899$515,614$55,450$2,878,515
71$5,620,960$481,140$0$3,096,848
72$6,132,677$443,095$0$3,337,255
73$6,694,648$401,245$0$3,612,315
74$7,311,938$355,342$0$3,914,490
75$7,990,126$305,124$0$4,246,571
76$8,735,360$250,316$0$4,611,637
77$9,554,409$190,624$0$5,013,084
78$10,454,735$125,741$0$5,454,660
79$11,444,556$55,341$0$5,940,498
80$12,532,928$0$0$6,475,158
81$13,729,825$0$0$7,071,957
82$15,046,240$0$0$7,752,544
83$16,494,283$0$0$8,501,267
84$18,087,295$0$0$9,325,036
85$19,839,979$0$0$10,231,463
86$21,768,531$0$0$11,228,937
87$23,890,800$0$0$12,326,700
88$26,226,449$0$0$13,534,936
89$28,797,145$0$0$14,864,866
90$31,626,765$0$0$16,328,854
91$34,741,613$0$0$17,940,523
92$38,170,676$0$0$19,714,885
93$41,945,895$0$0$21,668,482
94$46,102,463$0$0$23,819,540
95$50,679,161$0$0$26,188,144
96$55,718,721$0$0$28,796,424
97$61,268,230$0$0$31,668,767
98$67,379,574$0$0$34,832,045
99$74,109,928$0$0$38,315,869
100$81,522,293$0$0$42,152,867