Can I retire at age 44 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$59,457$58,927$58,411$57,906$57,414$55,755
2 years$29,434$28,886$28,355$27,840$27,340$25,682
3 years$19,428$18,877$18,347$17,837$17,346$15,740
4 years$14,426$13,877$13,352$12,851$12,371$10,830
5 years$11,425$10,880$10,362$9,870$9,404$7,933
6 years$9,425$8,884$8,374$7,894$7,441$6,041
7 years$7,998$7,461$6,959$6,490$6,052$4,722
8 years$6,927$6,395$5,902$5,444$5,020$3,760
9 years$6,095$5,568$5,083$4,637$4,228$3,036
10 years$5,430$4,908$4,431$3,997$3,602$2,478
11 years$4,886$4,369$3,901$3,479$3,098$2,038
12 years$4,433$3,922$3,462$3,051$2,685$1,688
13 years$4,050$3,544$3,093$2,694$2,341$1,405
14 years$3,722$3,221$2,779$2,391$2,052$1,175
15 years$3,438$2,943$2,509$2,133$1,807$985
16 years$3,190$2,700$2,275$1,910$1,597$829
17 years$2,971$2,487$2,070$1,716$1,416$699
18 years$2,777$2,298$1,890$1,546$1,259$591
19 years$2,603$2,130$1,730$1,397$1,122$500
20 years$2,447$1,979$1,588$1,265$1,002$424
21 years$2,306$1,843$1,461$1,148$897$359
22 years$2,178$1,721$1,346$1,044$804$305
23 years$2,061$1,609$1,243$951$722$259
24 years$1,954$1,508$1,149$867$649$221
25 years$1,856$1,415$1,065$792$584$188
26 years$1,766$1,330$987$724$526$160
27 years$1,682$1,252$917$663$474$136
28 years$1,605$1,179$852$607$428$116
29 years$1,533$1,113$793$557$386$99
30 years$1,466$1,051$739$511$349$84
31 years$1,403$993$689$469$316$72
32 years$1,344$940$643$431$285$61
33 years$1,289$890$600$397$258$52
34 years$1,238$844$561$365$234$45
35 years$1,189$800$524$336$212$38
36 years$1,144$759$490$309$192$33
37 years$1,100$721$459$285$174$28
38 years$1,060$685$430$263$158$24
39 years$1,021$652$403$242$143$20
40 years$984$620$377$224$130$17
41 years$950$590$354$206$118$15
42 years$917$562$332$190$107$13
43 years$885$536$312$176$97$11
44 years$855$511$292$162$88$9
45 years$827$487$275$150$80$8
46 years$800$464$258$138$73$7
47 years$774$443$242$128$66$6
48 years$749$423$228$118$60$5
49 years$726$404$214$109$54$4
50 years$703$386$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $720,000, adding $3,465 every year, while hoping to spend $55,836 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: 54/19/27 Blend
43$720,000$720,000$720,000$720,000
44$797,014$758,854$747,694$833,912
45$818,901$736,629$713,333$837,543
46$841,148$711,443$675,949$835,468
47$863,734$683,093$635,383$832,080
48$886,633$651,363$591,466$827,275
49$909,814$616,024$544,024$820,938
50$933,241$576,835$492,875$812,950
51$956,872$533,540$437,826$803,183
52$980,659$485,870$378,680$791,498
53$1,004,547$433,538$315,227$777,748
54$1,028,473$376,244$247,249$761,774
55$1,052,367$313,669$174,521$743,408
56$1,076,145$245,476$96,804$722,467
57$1,099,716$171,309$13,852$698,758
58$1,122,977$90,793$0$672,071
59$1,145,810$3,530$0$663,695
60$1,168,082$0$0$657,535
61$1,189,646$0$0$668,423
62$1,210,337$0$0$679,490
63$1,229,967$0$0$689,888
64$1,248,329$0$0$699,491
65$1,265,190$0$0$708,158
66$1,280,291$0$0$715,736
67$1,293,344$0$0$722,050
68$1,304,025$0$0$726,907
69$1,311,977$0$0$730,092
70$1,316,800$0$0$731,368
71$1,318,052$0$0$730,467
72$1,315,240$0$0$727,097
73$1,307,818$0$0$720,929
74$1,295,180$0$0$711,603
75$1,276,652$0$0$698,714
76$1,251,489$0$0$681,819
77$1,218,865$0$0$660,423
78$1,177,864$0$0$633,980
79$1,127,474$0$0$601,885
80$1,066,573$0$0$563,469
81$993,918$0$0$517,990
82$908,137$0$0$464,629
83$807,711$0$0$402,480
84$690,960$0$0$330,542
85$556,028$0$0$247,706
86$400,862$0$0$152,750
87$223,195$0$0$44,322
88$20,522$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0