Can I retire at age 44 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$58,631$58,109$57,599$57,102$56,616$54,435
2 years$29,025$28,485$27,961$27,453$26,960$24,788
3 years$19,158$18,615$18,093$17,589$17,105$15,011
4 years$14,225$13,684$13,167$12,672$12,199$10,199
5 years$11,266$10,728$10,218$9,733$9,274$7,373
6 years$9,295$8,761$8,258$7,784$7,338$5,537
7 years$7,887$7,357$6,862$6,400$5,968$4,267
8 years$6,831$6,306$5,820$5,368$4,951$3,348
9 years$6,011$5,491$5,012$4,573$4,169$2,663
10 years$5,355$4,840$4,370$3,942$3,552$2,139
11 years$4,818$4,309$3,847$3,430$3,055$1,731
12 years$4,372$3,867$3,414$3,009$2,648$1,410
13 years$3,994$3,495$3,050$2,656$2,309$1,154
14 years$3,670$3,177$2,741$2,358$2,024$948
15 years$3,390$2,902$2,475$2,103$1,782$781
16 years$3,146$2,663$2,244$1,883$1,575$646
17 years$2,930$2,452$2,042$1,692$1,396$534
18 years$2,738$2,266$1,864$1,525$1,242$443
19 years$2,567$2,100$1,706$1,378$1,107$368
20 years$2,413$1,951$1,566$1,248$989$306
21 years$2,274$1,818$1,440$1,132$885$255
22 years$2,148$1,697$1,327$1,030$793$212
23 years$2,033$1,587$1,226$938$712$177
24 years$1,927$1,487$1,133$855$640$147
25 years$1,830$1,395$1,050$781$576$123
26 years$1,741$1,311$974$714$519$103
27 years$1,659$1,234$904$654$468$86
28 years$1,582$1,163$841$599$422$72
29 years$1,511$1,097$782$549$381$60
30 years$1,445$1,036$729$504$344$50
31 years$1,383$979$679$463$311$42
32 years$1,326$927$634$425$281$35
33 years$1,272$878$592$391$255$29
34 years$1,221$832$553$360$231$24
35 years$1,173$789$517$331$209$20
36 years$1,128$749$484$305$189$17
37 years$1,085$711$453$281$172$14
38 years$1,045$676$424$259$156$12
39 years$1,007$643$397$239$141$10
40 years$971$612$372$220$128$8
41 years$936$582$349$203$116$7
42 years$904$554$327$188$105$6
43 years$873$528$307$173$96$5
44 years$844$503$288$160$87$4
45 years$816$480$271$148$79$3
46 years$789$458$254$136$72$3
47 years$763$437$239$126$65$2
48 years$739$417$225$117$59$2
49 years$716$398$211$108$54$2
50 years$693$381$198$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $710,000, adding $2,051 every year, while hoping to spend $28,405 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: 28/45/27 Blend
43$710,000$710,000$710,000$710,000
44$784,536$746,906$735,901$799,876
45$834,336$753,281$730,331$818,627
46$888,263$759,017$723,622$836,159
47$946,709$764,052$715,707$854,420
48$1,010,104$768,321$706,513$873,491
49$1,078,920$771,755$695,967$893,465
50$1,153,678$774,278$683,989$914,446
51$1,234,949$775,814$670,499$936,550
52$1,323,363$776,278$655,410$959,908
53$1,419,612$775,582$638,633$984,667
54$1,524,459$773,632$620,073$1,010,992
55$1,638,742$770,328$599,634$1,039,067
56$1,763,383$765,564$577,211$1,069,098
57$1,899,399$759,227$552,698$1,101,315
58$2,047,906$751,198$525,983$1,135,976
59$2,210,137$741,352$496,948$1,173,369
60$2,387,446$729,553$465,470$1,213,814
61$2,581,325$715,660$431,423$1,257,668
62$2,793,415$699,522$394,671$1,305,331
63$3,025,526$680,981$355,074$1,357,246
64$3,279,648$659,868$312,488$1,413,907
65$3,557,975$636,004$266,759$1,475,864
66$3,862,920$609,200$217,727$1,543,729
67$4,197,144$579,257$165,227$1,618,182
68$4,563,576$545,963$109,085$1,699,978
69$4,965,440$509,095$49,119$1,789,956
70$5,406,291$468,417$0$1,889,050
71$5,890,041$423,678$0$2,002,577
72$6,421,002$374,615$0$2,142,782
73$7,003,921$320,948$0$2,296,832
74$7,644,029$262,382$0$2,466,200
75$8,347,088$198,607$0$2,652,517
76$9,119,445$129,293$0$2,857,587
77$9,968,092$54,092$0$3,083,401
78$10,900,734$0$0$3,332,163
79$11,925,855$0$0$3,619,857
80$13,052,806$0$0$3,965,699
81$14,291,887$0$0$4,346,081
82$15,654,447$0$0$4,764,502
83$17,152,988$0$0$5,224,818
84$18,801,287$0$0$5,731,279
85$20,614,522$0$0$6,288,564
86$22,609,415$0$0$6,901,832
87$24,804,392$0$0$7,576,766
88$27,219,754$0$0$8,319,629
89$29,877,870$0$0$9,137,319
90$32,803,388$0$0$10,037,440
91$36,023,465$0$0$11,028,370
92$39,568,024$0$0$12,119,337
93$43,470,039$0$0$13,320,515
94$47,765,841$0$0$14,643,111
95$52,495,464$0$0$16,099,475
96$57,703,019$0$0$17,703,214
97$63,437,115$0$0$19,469,326
98$69,751,313$0$0$21,414,333
99$76,704,633$0$0$23,556,443
100$84,362,111$0$0$25,915,720