Can I retire at age 73 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$42,941$42,559$42,185$41,821$41,466$41,032
2 years$21,258$20,862$20,478$20,106$19,745$19,309
3 years$14,031$13,634$13,251$12,882$12,527$12,102
4 years$10,419$10,022$9,643$9,281$8,935$8,523
5 years$8,251$7,857$7,484$7,129$6,792$6,395
6 years$6,807$6,416$6,048$5,701$5,374$4,993
7 years$5,776$5,388$5,026$4,687$4,371$4,005
8 years$5,003$4,619$4,262$3,932$3,626$3,276
9 years$4,402$4,021$3,671$3,349$3,054$2,719
10 years$3,922$3,545$3,201$2,887$2,602$2,282
11 years$3,529$3,156$2,818$2,512$2,238$1,933
12 years$3,202$2,832$2,501$2,204$1,939$1,649
13 years$2,925$2,560$2,234$1,946$1,691$1,415
14 years$2,688$2,327$2,007$1,727$1,482$1,221
15 years$2,483$2,125$1,812$1,540$1,305$1,057
16 years$2,304$1,950$1,643$1,379$1,153$919
17 years$2,146$1,796$1,495$1,239$1,023$801
18 years$2,005$1,660$1,365$1,117$909$700
19 years$1,880$1,538$1,250$1,009$811$613
20 years$1,767$1,429$1,147$914$724$537
21 years$1,665$1,331$1,055$829$648$472
22 years$1,573$1,243$972$754$581$415
23 years$1,489$1,162$898$687$521$366
24 years$1,412$1,089$830$626$469$323
25 years$1,341$1,022$769$572$422$285
26 years$1,275$960$713$523$380$252
27 years$1,215$904$662$479$342$223
28 years$1,159$852$616$439$309$197
29 years$1,107$804$573$402$279$174
30 years$1,058$759$534$369$252$154
31 years$1,013$717$497$339$228$137
32 years$971$679$464$312$206$121
33 years$931$643$433$287$187$107
34 years$894$609$405$264$169$95
35 years$859$578$379$243$153$84
36 years$826$548$354$224$139$75
37 years$795$521$331$206$126$67
38 years$765$495$310$190$114$59
39 years$737$471$291$175$103$52
40 years$711$448$273$161$94$47
41 years$686$426$256$149$85$41
42 years$662$406$240$137$77$37
43 years$639$387$225$127$70$33
44 years$618$369$211$117$64$29
45 years$597$352$198$108$58$26
46 years$578$335$186$100$52$23
47 years$559$320$175$92$48$20
48 years$541$306$164$85$43$18
49 years$524$292$155$79$39$16
50 years$508$279$145$73$36$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $520,000, adding $6,974 every year, while hoping to spend $28,371 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: 84/11/5 Blend
72$520,000$520,000$520,000$520,000
73$580,234$552,674$544,614$628,359
74$609,231$549,568$532,672$657,693
75$640,235$545,360$519,379$685,309
76$673,421$539,964$504,660$714,736
77$708,980$533,292$488,436$746,138
78$747,122$525,250$470,625$779,694
79$788,079$515,737$451,141$815,602
80$832,102$504,648$429,894$854,079
81$879,471$491,870$406,789$895,365
82$930,490$477,285$381,730$939,724
83$985,494$460,766$354,612$987,446
84$1,044,852$442,180$325,329$1,038,851
85$1,108,967$421,388$293,768$1,094,291
86$1,178,285$398,239$259,812$1,154,155
87$1,253,293$372,576$223,339$1,218,871
88$1,334,530$344,232$184,221$1,288,910
89$1,422,584$313,032$142,325$1,364,791
90$1,518,106$278,789$97,511$1,447,087
91$1,621,809$241,307$49,634$1,536,429
92$1,734,479$200,376$0$1,633,512
93$1,856,980$155,778$0$1,739,180
94$1,990,262$107,281$0$1,857,030
95$2,135,370$54,639$0$1,985,352
96$2,293,456$0$0$2,125,181
97$2,465,784$0$0$2,277,949
98$2,653,750$0$0$2,451,801
99$2,858,887$0$0$2,641,543
100$3,082,884$0$0$2,848,739