Can I retire at age 44 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$57,805$57,290$56,788$56,298$55,819$55,374
2 years$28,617$28,084$27,567$27,066$26,580$26,132
3 years$18,888$18,353$17,838$17,342$16,864$16,426
4 years$14,025$13,491$12,981$12,494$12,027$11,603
5 years$11,108$10,577$10,074$9,596$9,143$8,734
6 years$9,164$8,637$8,141$7,674$7,235$6,841
7 years$7,776$7,254$6,765$6,309$5,884$5,506
8 years$6,735$6,218$5,738$5,293$4,881$4,519
9 years$5,926$5,414$4,942$4,508$4,111$3,764
10 years$5,279$4,772$4,308$3,886$3,502$3,171
11 years$4,750$4,248$3,793$3,382$3,012$2,696
12 years$4,310$3,813$3,366$2,967$2,610$2,309
13 years$3,938$3,446$3,008$2,619$2,276$1,989
14 years$3,619$3,132$2,702$2,325$1,995$1,722
15 years$3,343$2,861$2,440$2,073$1,757$1,497
16 years$3,101$2,625$2,212$1,857$1,553$1,307
17 years$2,889$2,418$2,013$1,668$1,377$1,144
18 years$2,700$2,234$1,837$1,503$1,224$1,003
19 years$2,531$2,070$1,682$1,358$1,091$882
20 years$2,379$1,924$1,544$1,230$975$777
21 years$2,242$1,792$1,420$1,117$872$686
22 years$2,117$1,673$1,309$1,015$782$607
23 years$2,004$1,565$1,208$925$702$537
24 years$1,900$1,466$1,118$843$631$476
25 years$1,805$1,376$1,035$770$568$422
26 years$1,717$1,293$960$704$511$374
27 years$1,635$1,217$891$645$461$333
28 years$1,560$1,147$829$591$416$296
29 years$1,490$1,082$771$542$376$263
30 years$1,425$1,021$718$497$339$234
31 years$1,364$966$670$456$307$208
32 years$1,307$914$625$419$278$186
33 years$1,254$865$583$386$251$165
34 years$1,203$820$545$355$227$147
35 years$1,156$778$510$327$206$131
36 years$1,112$738$477$301$187$117
37 years$1,070$701$446$277$169$104
38 years$1,030$666$418$256$153$93
39 years$993$634$391$236$139$83
40 years$957$603$367$217$126$74
41 years$923$574$344$201$114$66
42 years$891$547$323$185$104$59
43 years$861$521$303$171$94$53
44 years$832$496$284$158$86$47
45 years$804$473$267$146$78$42
46 years$778$452$251$135$70$38
47 years$753$431$236$124$64$34
48 years$728$411$221$115$58$30
49 years$705$393$208$106$53$27
50 years$683$375$196$98$48$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $700,000, adding $4,139 every year, while hoping to spend $52,102 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: 58/16/26 Blend
43$700,000$700,000$700,000$700,000
44$775,669$738,569$727,719$814,961
45$799,352$719,323$696,662$823,042
46$823,703$697,388$662,818$825,963
47$848,737$672,576$626,038$828,052
48$874,467$644,691$586,169$829,245
49$900,904$613,522$543,048$829,469
50$928,061$578,850$496,505$828,651
51$955,950$540,440$446,364$826,710
52$984,579$498,044$392,439$823,562
53$1,013,959$451,401$334,539$819,118
54$1,044,098$400,234$272,461$813,282
55$1,075,002$344,252$205,995$805,953
56$1,106,677$283,145$134,921$797,025
57$1,139,127$216,588$59,009$786,383
58$1,172,354$144,237$0$773,906
59$1,206,356$65,726$0$765,569
60$1,241,130$0$0$773,000
61$1,276,671$0$0$783,141
62$1,312,969$0$0$805,306
63$1,350,011$0$0$827,914
64$1,387,779$0$0$850,953
65$1,426,252$0$0$874,408
66$1,465,402$0$0$898,259
67$1,505,196$0$0$922,485
68$1,545,594$0$0$947,059
69$1,586,549$0$0$971,950
70$1,628,005$0$0$997,121
71$1,669,899$0$0$1,022,529
72$1,712,154$0$0$1,048,126
73$1,754,685$0$0$1,073,854
74$1,797,393$0$0$1,099,650
75$1,840,164$0$0$1,125,439
76$1,882,870$0$0$1,151,137
77$1,925,366$0$0$1,176,650
78$1,967,484$0$0$1,201,871
79$2,009,040$0$0$1,226,678
80$2,049,821$0$0$1,250,935
81$2,089,592$0$0$1,274,489
82$2,128,086$0$0$1,297,169
83$2,165,005$0$0$1,318,781
84$2,200,015$0$0$1,339,110
85$2,232,743$0$0$1,357,917
86$2,262,772$0$0$1,374,931
87$2,289,636$0$0$1,389,854
88$2,312,815$0$0$1,402,351
89$2,331,733$0$0$1,412,052
90$2,345,745$0$0$1,418,541
91$2,354,135$0$0$1,421,360
92$2,356,109$0$0$1,419,997
93$2,350,783$0$0$1,413,886
94$2,337,175$0$0$1,402,396
95$2,314,197$0$0$1,384,830
96$2,280,643$0$0$1,360,413
97$2,235,174$0$0$1,328,286
98$2,176,307$0$0$1,287,500
99$2,102,399$0$0$1,237,000
100$2,011,633$0$0$1,175,623