Can I retire at age 44 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$61,109$60,564$60,033$59,515$59,009$58,465
2 years$30,252$29,688$29,142$28,613$28,099$27,552
3 years$19,967$19,402$18,857$18,333$17,827$17,293
4 years$14,826$14,262$13,723$13,208$12,715$12,197
5 years$11,743$11,182$10,650$10,145$9,665$9,167
6 years$9,687$9,131$8,607$8,113$7,648$7,168
7 years$8,220$7,668$7,152$6,670$6,220$5,759
8 years$7,120$6,573$6,066$5,595$5,160$4,719
9 years$6,265$5,723$5,224$4,766$4,345$3,923
10 years$5,581$5,044$4,555$4,108$3,703$3,300
11 years$5,022$4,491$4,010$3,575$3,184$2,800
12 years$4,556$4,031$3,559$3,136$2,759$2,393
13 years$4,163$3,643$3,179$2,769$2,406$2,058
14 years$3,826$3,311$2,857$2,458$2,109$1,778
15 years$3,534$3,025$2,579$2,192$1,857$1,543
16 years$3,278$2,775$2,338$1,963$1,641$1,344
17 years$3,054$2,556$2,128$1,763$1,455$1,174
18 years$2,854$2,362$1,942$1,589$1,294$1,028
19 years$2,675$2,189$1,778$1,436$1,153$902
20 years$2,515$2,034$1,632$1,301$1,030$793
21 years$2,370$1,894$1,501$1,180$922$698
22 years$2,238$1,768$1,383$1,073$826$616
23 years$2,119$1,654$1,277$977$742$544
24 years$2,009$1,550$1,181$891$667$481
25 years$1,908$1,454$1,094$814$600$425
26 years$1,815$1,367$1,015$744$540$377
27 years$1,729$1,286$942$681$487$334
28 years$1,649$1,212$876$624$440$296
29 years$1,575$1,143$815$572$397$263
30 years$1,506$1,080$759$525$359$233
31 years$1,442$1,021$708$483$324$207
32 years$1,382$966$661$443$293$184
33 years$1,325$915$617$408$266$163
34 years$1,272$867$576$375$240$145
35 years$1,222$822$539$345$218$129
36 years$1,175$780$504$318$197$115
37 years$1,131$741$472$293$179$102
38 years$1,089$704$442$270$162$91
39 years$1,049$670$414$249$147$81
40 years$1,012$637$388$230$133$72
41 years$976$607$364$212$121$64
42 years$942$578$341$196$110$57
43 years$910$551$320$181$100$51
44 years$879$525$301$167$90$45
45 years$850$500$282$154$82$40
46 years$822$477$265$142$75$36
47 years$796$456$249$131$68$32
48 years$770$435$234$121$61$29
49 years$746$415$220$112$56$25
50 years$722$397$207$104$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 44 starting with $740,000, adding $3,289 every year, while hoping to spend $49,635 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: 27/44/29 Blend
43$740,000$740,000$740,000$740,000
44$818,873$779,653$768,183$833,540
45$849,586$765,044$741,105$831,126
46$881,769$748,057$711,458$824,073
47$915,519$728,521$679,101$815,501
48$950,941$706,257$643,890$805,316
49$988,151$681,078$605,674$793,418
50$1,027,272$652,780$564,294$779,706
51$1,068,442$621,154$519,585$764,073
52$1,111,806$585,975$471,375$746,407
53$1,157,528$547,004$419,483$726,592
54$1,205,780$503,992$363,721$704,509
55$1,256,756$456,674$303,891$680,034
56$1,310,662$404,768$239,789$653,036
57$1,367,727$347,979$171,199$623,384
58$1,428,199$285,994$97,898$590,939
59$1,492,349$218,481$19,651$555,561
60$1,560,474$145,093$0$517,102
61$1,632,900$65,460$0$495,170
62$1,709,980$0$0$477,629
63$1,792,104$0$0$468,390
64$1,879,698$0$0$492,410
65$1,973,227$0$0$518,133
66$2,073,203$0$0$545,706
67$2,180,186$0$0$575,297
68$2,294,790$0$0$607,084
69$2,417,688$0$0$641,266
70$2,549,620$0$0$678,062
71$2,691,398$0$0$717,709
72$2,843,910$0$0$760,470
73$3,008,135$0$0$806,634
74$3,185,148$0$0$856,517
75$3,376,125$0$0$910,468
76$3,582,365$0$0$968,870
77$3,805,290$0$0$1,032,142
78$4,046,466$0$0$1,100,749
79$4,307,612$0$0$1,175,199
80$4,590,620$0$0$1,256,050
81$4,897,569$0$0$1,343,920
82$5,230,746$0$0$1,439,484
83$5,592,666$0$0$1,543,489
84$5,986,096$0$0$1,656,752
85$6,414,080$0$0$1,780,178
86$6,879,967$0$0$1,914,757
87$7,387,440$0$0$2,061,583
88$7,940,557$0$0$2,221,858
89$8,543,778$0$0$2,396,906
90$9,202,017$0$0$2,588,185
91$9,920,679$0$0$2,797,297
92$10,705,716$0$0$3,026,011
93$11,563,681$0$0$3,276,269
94$12,501,787$0$0$3,550,215
95$13,527,976$0$0$3,850,206
96$14,650,992$0$0$4,178,839
97$15,880,466$0$0$4,538,973
98$17,227,001$0$0$4,933,759
99$18,702,275$0$0$5,366,665
100$20,319,147$0$0$5,841,512