Can I retire at age 73 with 538,000?

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 $538,000?

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$44,428$44,032$43,646$43,269$42,901$42,631
2 years$21,994$21,584$21,187$20,802$20,429$20,156
3 years$14,517$14,106$13,710$13,328$12,961$12,694
4 years$10,779$10,369$9,977$9,602$9,244$8,985
5 years$8,537$8,129$7,743$7,375$7,027$6,777
6 years$7,043$6,638$6,257$5,898$5,560$5,320
7 years$5,976$5,575$5,200$4,849$4,522$4,291
8 years$5,176$4,779$4,410$4,068$3,751$3,530
9 years$4,555$4,161$3,798$3,465$3,159$2,947
10 years$4,057$3,667$3,311$2,987$2,692$2,489
11 years$3,651$3,265$2,915$2,599$2,315$2,121
12 years$3,312$2,930$2,587$2,280$2,006$1,821
13 years$3,026$2,648$2,311$2,013$1,749$1,573
14 years$2,781$2,407$2,077$1,787$1,534$1,365
15 years$2,569$2,199$1,875$1,594$1,350$1,190
16 years$2,384$2,018$1,700$1,427$1,193$1,042
17 years$2,220$1,858$1,547$1,282$1,058$914
18 years$2,075$1,717$1,412$1,155$941$804
19 years$1,945$1,591$1,293$1,044$839$709
20 years$1,828$1,479$1,186$946$749$627
21 years$1,723$1,377$1,091$858$670$555
22 years$1,627$1,286$1,006$780$601$492
23 years$1,540$1,202$929$711$539$437
24 years$1,460$1,127$859$648$485$388
25 years$1,387$1,057$796$592$436$345
26 years$1,319$994$738$541$393$307
27 years$1,257$935$685$495$354$274
28 years$1,199$881$637$454$320$244
29 years$1,145$831$593$416$289$218
30 years$1,095$785$552$382$261$195
31 years$1,048$742$515$351$236$174
32 years$1,005$702$480$322$213$155
33 years$963$665$448$296$193$139
34 years$925$630$419$273$175$124
35 years$889$598$392$251$158$111
36 years$854$567$366$231$143$99
37 years$822$539$343$213$130$89
38 years$792$512$321$196$118$80
39 years$763$487$301$181$107$71
40 years$736$463$282$167$97$64
41 years$710$441$264$154$88$57
42 years$685$420$248$142$80$51
43 years$662$400$233$131$72$46
44 years$639$382$218$121$66$41
45 years$618$364$205$112$60$37
46 years$598$347$193$103$54$33
47 years$578$331$181$96$49$30
48 years$560$316$170$88$45$27
49 years$542$302$160$82$41$24
50 years$525$288$150$75$37$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $538,000, adding $5,750 every year, while hoping to spend $35,289 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: 36/46/18 Blend
72$538,000$538,000$538,000$538,000
73$598,807$570,293$561,954$616,901
74$622,338$560,690$543,232$620,958
75$647,087$549,434$522,701$621,603
76$673,140$536,406$500,261$621,557
77$700,592$521,482$475,812$620,780
78$729,545$504,528$449,245$619,229
79$760,114$485,405$420,449$616,858
80$792,419$463,963$389,308$613,625
81$826,594$440,046$355,698$609,483
82$862,786$413,488$319,494$604,386
83$901,154$384,112$280,560$598,289
84$941,872$351,733$238,759$591,144
85$985,130$316,156$193,944$582,906
86$1,031,137$277,171$145,965$573,529
87$1,080,120$234,560$94,663$562,969
88$1,132,330$188,091$39,871$551,181
89$1,188,039$137,519$0$538,124
90$1,247,547$82,586$0$527,332
91$1,311,183$23,018$0$523,599
92$1,379,305$0$0$519,263
93$1,452,310$0$0$535,327
94$1,530,628$0$0$565,111
95$1,614,735$0$0$597,152
96$1,705,154$0$0$631,654
97$1,802,454$0$0$668,843
98$1,907,266$0$0$708,968
99$2,020,279$0$0$752,301
100$2,142,251$0$0$799,140