Can I retire at age 73 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$42,363$41,986$41,618$41,258$40,907$39,440
2 years$20,972$20,581$20,203$19,836$19,480$18,017
3 years$13,842$13,450$13,072$12,709$12,359$10,947
4 years$10,278$9,887$9,513$9,156$8,814$7,465
5 years$8,140$7,752$7,383$7,033$6,701$5,416
6 years$6,716$6,330$5,966$5,624$5,302$4,083
7 years$5,698$5,316$4,958$4,624$4,312$3,159
8 years$4,936$4,557$4,205$3,879$3,577$2,489
9 years$4,343$3,967$3,622$3,304$3,012$1,988
10 years$3,869$3,497$3,157$2,848$2,567$1,604
11 years$3,481$3,113$2,780$2,479$2,207$1,304
12 years$3,159$2,794$2,467$2,174$1,913$1,067
13 years$2,886$2,525$2,204$1,919$1,668$878
14 years$2,652$2,295$1,980$1,704$1,462$725
15 years$2,450$2,097$1,788$1,520$1,288$600
16 years$2,273$1,924$1,621$1,361$1,138$498
17 years$2,117$1,772$1,475$1,222$1,009$415
18 years$1,978$1,637$1,347$1,102$897$346
19 years$1,855$1,517$1,233$995$800$289
20 years$1,744$1,410$1,131$902$714$241
21 years$1,643$1,313$1,041$818$639$202
22 years$1,552$1,226$959$744$573$169
23 years$1,469$1,147$886$678$514$142
24 years$1,393$1,074$819$618$462$119
25 years$1,323$1,008$759$564$416$100
26 years$1,258$948$704$516$375$84
27 years$1,199$892$653$472$338$70
28 years$1,143$840$607$433$305$59
29 years$1,092$793$565$397$275$50
30 years$1,044$749$526$364$249$42
31 years$1,000$708$491$334$225$35
32 years$958$670$458$307$203$29
33 years$919$634$428$283$184$25
34 years$882$601$399$260$167$21
35 years$847$570$373$239$151$17
36 years$815$541$349$221$137$15
37 years$784$514$327$203$124$12
38 years$755$488$306$187$112$10
39 years$727$464$287$173$102$9
40 years$701$442$269$159$92$7
41 years$677$421$252$147$84$6
42 years$653$401$237$136$76$5
43 years$631$382$222$125$69$4
44 years$610$364$208$116$63$4
45 years$589$347$196$107$57$3
46 years$570$331$184$99$52$3
47 years$551$316$173$91$47$2
48 years$534$301$162$84$43$2
49 years$517$288$152$78$39$2
50 years$501$275$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $513,000, adding $2,530 every year, while hoping to spend $23,630 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: 82/11/7 Blend
72$513,000$513,000$513,000$513,000
73$567,936$540,747$532,795$613,913
74$600,723$542,101$525,502$645,705
75$636,063$542,730$517,172$677,182
76$674,190$542,573$507,746$711,010
77$715,364$541,565$497,162$747,411
78$759,868$539,639$485,354$786,630
79$808,015$536,722$472,254$828,935
80$860,148$532,737$457,790$874,623
81$916,645$527,603$441,888$924,020
82$977,920$521,233$424,469$977,486
83$1,044,431$513,536$405,451$1,035,416
84$1,116,679$504,415$384,750$1,098,248
85$1,195,216$493,767$362,274$1,166,461
86$1,280,650$481,484$337,932$1,240,586
87$1,373,649$467,449$311,626$1,321,206
88$1,474,949$451,542$283,253$1,408,964
89$1,585,358$433,632$252,707$1,504,570
90$1,705,769$413,584$219,876$1,608,805
91$1,837,160$391,252$184,645$1,722,528
92$1,980,611$366,485$146,892$1,846,690
93$2,137,311$339,120$106,490$1,982,336
94$2,308,566$308,986$63,307$2,130,618
95$2,495,817$275,903$17,204$2,292,807
96$2,700,648$239,680$0$2,470,303
97$2,924,805$200,116$0$2,667,038
98$3,170,209$156,996$0$2,883,851
99$3,438,978$110,096$0$3,121,341
100$3,733,442$59,179$0$3,381,587