Can I retire at age 73 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$42,033$41,658$41,293$40,937$40,588$40,333
2 years$20,808$20,421$20,045$19,681$19,328$19,070
3 years$13,734$13,345$12,971$12,610$12,262$12,010
4 years$10,198$9,810$9,439$9,085$8,746$8,501
5 years$8,077$7,691$7,325$6,978$6,648$6,412
6 years$6,663$6,280$5,920$5,580$5,261$5,033
7 years$5,654$5,274$4,919$4,588$4,278$4,060
8 years$4,897$4,521$4,172$3,849$3,549$3,339
9 years$4,309$3,936$3,593$3,278$2,989$2,788
10 years$3,839$3,470$3,133$2,826$2,547$2,355
11 years$3,454$3,089$2,758$2,459$2,190$2,007
12 years$3,134$2,772$2,448$2,157$1,898$1,723
13 years$2,863$2,505$2,187$1,904$1,655$1,488
14 years$2,631$2,277$1,965$1,691$1,451$1,292
15 years$2,431$2,080$1,774$1,508$1,277$1,126
16 years$2,255$1,909$1,608$1,350$1,129$985
17 years$2,100$1,758$1,464$1,213$1,001$865
18 years$1,963$1,624$1,336$1,093$890$761
19 years$1,840$1,505$1,223$988$793$671
20 years$1,730$1,399$1,123$895$709$593
21 years$1,630$1,303$1,033$812$634$525
22 years$1,540$1,216$952$738$568$465
23 years$1,457$1,138$879$672$510$413
24 years$1,382$1,066$813$613$459$367
25 years$1,312$1,000$753$560$413$327
26 years$1,248$940$698$512$372$291
27 years$1,189$885$648$469$335$259
28 years$1,134$834$603$429$302$231
29 years$1,084$787$561$394$273$206
30 years$1,036$743$522$361$247$184
31 years$992$702$487$332$223$164
32 years$950$664$454$305$202$147
33 years$912$629$424$280$183$131
34 years$875$596$396$258$165$117
35 years$841$566$371$238$150$105
36 years$808$537$347$219$136$94
37 years$778$510$324$202$123$84
38 years$749$485$304$186$111$75
39 years$722$461$285$171$101$67
40 years$696$438$267$158$92$60
41 years$671$417$250$146$83$54
42 years$648$397$235$135$75$48
43 years$626$379$220$124$69$43
44 years$605$361$207$115$62$39
45 years$585$344$194$106$56$35
46 years$565$328$182$98$51$31
47 years$547$313$171$90$47$28
48 years$530$299$161$84$42$25
49 years$513$286$151$77$38$22
50 years$497$273$142$71$35$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $509,000, adding $6,021 every year, while hoping to spend $36,737 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: 57/31/12 Blend
72$509,000$509,000$509,000$509,000
73$567,129$540,152$532,262$597,419
74$585,888$527,531$511,005$605,966
75$605,329$513,061$487,805$610,690
76$625,484$496,612$462,557$614,968
77$646,384$478,047$435,153$618,761
78$668,064$457,220$405,480$622,032
79$690,562$433,980$373,419$624,738
80$713,917$408,162$338,847$626,836
81$738,172$379,597$301,633$628,281
82$763,370$348,102$261,642$629,026
83$789,561$313,486$218,734$629,021
84$816,795$275,546$172,761$628,215
85$845,128$234,068$123,568$626,553
86$874,619$188,825$70,996$623,979
87$905,332$139,579$14,876$620,435
88$937,335$86,078$0$615,860
89$970,702$28,054$0$615,955
90$1,005,512$0$0$617,298
91$1,041,849$0$0$629,801
92$1,079,807$0$0$652,868
93$1,119,485$0$0$676,991
94$1,160,990$0$0$702,237
95$1,204,440$0$0$728,678
96$1,249,960$0$0$756,393
97$1,297,687$0$0$785,466
98$1,347,769$0$0$815,990
99$1,400,368$0$0$848,066
100$1,455,658$0$0$881,802