Can I retire at age 73 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$43,271$42,886$42,510$42,143$41,784$40,774
2 years$21,422$21,023$20,636$20,261$19,897$18,886
3 years$14,139$13,738$13,353$12,981$12,624$11,642
4 years$10,499$10,099$9,717$9,352$9,003$8,060
5 years$8,315$7,918$7,541$7,184$6,844$5,941
6 years$6,860$6,466$6,094$5,745$5,416$4,553
7 years$5,821$5,430$5,064$4,723$4,404$3,583
8 years$5,042$4,654$4,295$3,962$3,654$2,874
9 years$4,436$4,052$3,699$3,375$3,077$2,337
10 years$3,952$3,572$3,225$2,909$2,622$1,922
11 years$3,556$3,180$2,839$2,532$2,255$1,593
12 years$3,226$2,854$2,520$2,221$1,954$1,330
13 years$2,948$2,579$2,251$1,961$1,704$1,116
14 years$2,709$2,345$2,023$1,740$1,494$941
15 years$2,502$2,142$1,826$1,552$1,315$796
16 years$2,322$1,965$1,656$1,390$1,162$675
17 years$2,162$1,810$1,507$1,249$1,031$574
18 years$2,021$1,672$1,375$1,125$916$490
19 years$1,894$1,550$1,259$1,017$817$418
20 years$1,781$1,440$1,156$921$730$358
21 years$1,678$1,341$1,063$836$653$306
22 years$1,585$1,252$980$760$585$263
23 years$1,500$1,171$905$692$525$225
24 years$1,422$1,097$837$631$472$193
25 years$1,351$1,030$775$576$425$166
26 years$1,285$968$719$527$383$143
27 years$1,224$911$667$482$345$123
28 years$1,168$858$620$442$311$106
29 years$1,115$810$577$405$281$91
30 years$1,067$765$538$372$254$78
31 years$1,021$723$501$342$230$68
32 years$978$684$468$314$208$58
33 years$938$648$437$289$188$50
34 years$901$614$408$266$170$43
35 years$866$582$381$245$154$37
36 years$832$553$357$225$140$32
37 years$801$525$334$208$127$28
38 years$771$499$313$191$115$24
39 years$743$474$293$176$104$21
40 years$716$451$275$163$94$18
41 years$691$430$258$150$86$15
42 years$667$409$242$139$78$13
43 years$644$390$227$128$71$11
44 years$623$372$213$118$64$10
45 years$602$354$200$109$58$8
46 years$582$338$188$101$53$7
47 years$563$323$176$93$48$6
48 years$545$308$166$86$44$5
49 years$528$294$156$79$40$5
50 years$512$281$146$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $524,000, adding $5,807 every year, while hoping to spend $39,336 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: 50/40/10 Blend
72$524,000$524,000$524,000$524,000
73$583,438$555,666$547,544$610,777
74$601,095$541,040$524,033$615,478
75$619,236$524,380$498,417$615,932
76$637,866$505,543$470,582$615,518
77$656,994$484,380$440,413$614,163
78$676,626$460,734$407,785$611,794
79$696,769$434,436$372,573$608,329
80$717,426$405,310$334,641$603,683
81$738,602$373,169$293,850$597,767
82$760,300$337,815$250,055$590,483
83$782,522$299,039$203,103$581,729
84$805,268$256,621$152,835$571,396
85$828,536$210,326$99,085$559,370
86$852,322$159,908$41,681$545,525
87$876,623$105,106$0$529,732
88$901,428$45,647$0$513,941
89$926,729$0$0$500,796
90$952,511$0$0$493,967
91$978,758$0$0$507,457
92$1,005,447$0$0$521,160
93$1,032,556$0$0$535,062
94$1,060,053$0$0$549,146
95$1,087,902$0$0$563,391
96$1,116,064$0$0$577,772
97$1,144,491$0$0$592,264
98$1,173,126$0$0$606,834
99$1,201,906$0$0$621,446
100$1,230,760$0$0$636,059