Can I retire at age 44 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$56,154$55,654$55,166$54,689$54,224$52,384
2 years$27,799$27,281$26,779$26,293$25,821$23,985
3 years$18,349$17,829$17,328$16,846$16,382$14,608
4 years$13,624$13,106$12,610$12,137$11,684$9,986
5 years$10,790$10,275$9,786$9,322$8,882$7,265
6 years$8,902$8,390$7,909$7,455$7,028$5,492
7 years$7,553$7,046$6,572$6,129$5,716$4,261
8 years$6,542$6,040$5,574$5,142$4,742$3,368
9 years$5,757$5,259$4,801$4,379$3,993$2,698
10 years$5,128$4,635$4,185$3,775$3,402$2,184
11 years$4,615$4,127$3,685$3,286$2,926$1,782
12 years$4,187$3,704$3,270$2,882$2,536$1,463
13 years$3,825$3,347$2,922$2,544$2,211$1,207
14 years$3,515$3,043$2,625$2,258$1,938$1,000
15 years$3,247$2,779$2,370$2,014$1,707$831
16 years$3,013$2,550$2,149$1,803$1,508$693
17 years$2,806$2,348$1,955$1,620$1,337$579
18 years$2,622$2,170$1,785$1,460$1,189$484
19 years$2,459$2,011$1,634$1,320$1,060$406
20 years$2,311$1,869$1,500$1,195$947$340
21 years$2,178$1,741$1,379$1,085$847$286
22 years$2,057$1,625$1,271$986$759$240
23 years$1,947$1,520$1,174$898$682$202
24 years$1,846$1,424$1,086$819$613$170
25 years$1,753$1,336$1,005$748$551$143
26 years$1,668$1,256$933$684$497$121
27 years$1,589$1,182$866$626$448$102
28 years$1,516$1,114$805$574$404$86
29 years$1,448$1,051$749$526$365$72
30 years$1,384$992$698$483$330$61
31 years$1,325$938$651$443$298$52
32 years$1,270$888$607$407$270$44
33 years$1,218$841$567$375$244$37
34 years$1,169$797$530$345$221$31
35 years$1,123$756$495$317$200$26
36 years$1,080$717$463$292$181$22
37 years$1,039$681$433$269$164$19
38 years$1,001$647$406$248$149$16
39 years$964$616$380$229$135$13
40 years$930$586$356$211$123$11
41 years$897$558$334$195$111$9
42 years$866$531$314$180$101$8
43 years$836$506$294$166$92$7
44 years$808$482$276$153$83$6
45 years$781$460$259$141$75$5
46 years$755$439$244$131$68$4
47 years$731$419$229$121$62$3
48 years$708$400$215$112$56$3
49 years$685$382$202$103$51$2
50 years$664$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $680,000, adding $4,555 every year, while hoping to spend $39,333 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: 34/37/29 Blend
43$680,000$680,000$680,000$680,000
44$754,058$718,018$707,478$772,963
45$789,122$711,351$689,329$780,984
46$826,445$703,039$669,253$785,807
47$866,214$692,960$647,145$790,255
48$908,637$680,984$622,894$794,321
49$953,940$666,975$596,383$798,003
50$1,002,372$650,787$567,492$801,300
51$1,054,205$632,266$536,094$804,218
52$1,109,737$611,250$502,056$806,765
53$1,169,295$587,566$465,239$808,956
54$1,233,238$561,032$425,500$810,811
55$1,301,961$531,456$382,687$812,358
56$1,375,896$498,632$336,642$813,632
57$1,455,518$462,346$287,200$814,679
58$1,541,349$422,369$234,190$815,553
59$1,633,962$378,460$177,430$816,323
60$1,733,987$330,365$116,734$817,068
61$1,842,114$277,813$51,906$817,886
62$1,959,106$220,522$0$818,889
63$2,085,797$158,190$0$825,557
64$2,223,106$90,500$0$850,185
65$2,372,045$17,116$0$876,943
66$2,533,724$0$0$906,111
67$2,709,366$0$0$963,370
68$2,900,316$0$0$1,033,284
69$3,108,052$0$0$1,109,437
70$3,334,202$0$0$1,192,435
71$3,580,557$0$0$1,282,950
72$3,849,087$0$0$1,381,716
73$4,141,962$0$0$1,489,546
74$4,461,569$0$0$1,607,332
75$4,810,535$0$0$1,736,056
76$5,191,753$0$0$1,876,801
77$5,608,408$0$0$2,030,757
78$6,064,004$0$0$2,199,236
79$6,562,403$0$0$2,383,682
80$7,107,855$0$0$2,585,686
81$7,705,039$0$0$2,806,998
82$8,359,110$0$0$3,049,547
83$9,075,744$0$0$3,315,459
84$9,861,190$0$0$3,607,071
85$10,722,332$0$0$3,926,960
86$11,666,753$0$0$4,277,966
87$12,702,804$0$0$4,663,213
88$13,839,682$0$0$5,086,146
89$15,087,519$0$0$5,550,557
90$16,457,475$0$0$6,060,626
91$17,961,844$0$0$6,620,955
92$19,614,169$0$0$7,236,615
93$21,429,368$0$0$7,913,192
94$23,423,875$0$0$8,656,841
95$25,615,797$0$0$9,474,343
96$28,025,079$0$0$10,373,166
97$30,673,697$0$0$11,361,541
98$33,585,861$0$0$12,448,535
99$36,788,244$0$0$13,644,138
100$40,310,233$0$0$14,959,358