Can I retire at age 73 with 548,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$45,253$44,850$44,457$44,073$43,698$43,296
2 years$22,403$21,985$21,581$21,189$20,809$20,403
3 years$14,787$14,368$13,964$13,576$13,202$12,806
4 years$10,980$10,562$10,162$9,781$9,416$9,033
5 years$8,696$8,281$7,887$7,513$7,158$6,788
6 years$7,174$6,762$6,373$6,008$5,664$5,308
7 years$6,087$5,678$5,296$4,939$4,606$4,265
8 years$5,272$4,867$4,492$4,144$3,821$3,494
9 years$4,639$4,238$3,869$3,529$3,218$2,906
10 years$4,133$3,736$3,373$3,042$2,742$2,443
11 years$3,719$3,326$2,969$2,648$2,358$2,073
12 years$3,374$2,985$2,635$2,322$2,043$1,772
13 years$3,083$2,697$2,354$2,050$1,782$1,524
14 years$2,833$2,452$2,115$1,820$1,562$1,317
15 years$2,617$2,240$1,910$1,623$1,375$1,143
16 years$2,428$2,055$1,732$1,453$1,216$995
17 years$2,261$1,893$1,576$1,306$1,078$869
18 years$2,113$1,749$1,438$1,177$958$761
19 years$1,981$1,621$1,317$1,063$854$668
20 years$1,862$1,506$1,209$963$763$587
21 years$1,755$1,403$1,112$874$683$517
22 years$1,658$1,310$1,025$795$612$456
23 years$1,569$1,225$946$724$549$403
24 years$1,488$1,148$875$660$494$356
25 years$1,413$1,077$810$603$444$315
26 years$1,344$1,012$752$551$400$279
27 years$1,280$953$698$505$361$247
28 years$1,221$898$649$462$326$219
29 years$1,167$847$604$424$294$194
30 years$1,115$800$562$389$266$173
31 years$1,068$756$524$357$240$153
32 years$1,023$715$489$328$217$136
33 years$981$677$457$302$197$121
34 years$942$642$427$278$178$108
35 years$905$609$399$256$161$96
36 years$870$578$373$236$146$85
37 years$837$549$349$217$132$76
38 years$806$522$327$200$120$67
39 years$777$496$306$184$109$60
40 years$749$472$287$170$99$53
41 years$723$449$269$157$90$48
42 years$698$428$253$145$81$42
43 years$674$408$237$134$74$38
44 years$651$389$223$123$67$34
45 years$629$371$209$114$61$30
46 years$609$354$196$105$55$27
47 years$589$337$184$97$50$24
48 years$570$322$173$90$46$21
49 years$552$308$163$83$41$19
50 years$535$294$153$77$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $548,000, adding $3,575 every year, while hoping to spend $44,231 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: 60/25/15 Blend
72$548,000$548,000$548,000$548,000
73$607,584$578,540$570,046$641,538
74$622,496$559,827$542,081$646,138
75$637,446$538,714$511,697$645,893
76$652,393$515,038$478,765$644,581
77$667,287$488,625$443,154$642,105
78$682,073$459,290$404,722$638,358
79$696,689$426,840$363,325$633,226
80$711,064$391,068$318,809$626,585
81$725,120$351,758$271,017$618,301
82$738,769$308,680$219,782$608,230
83$751,909$261,592$164,931$596,215
84$764,430$210,236$106,282$582,088
85$776,206$154,342$43,648$565,665
86$787,099$93,625$0$546,749
87$796,952$27,781$0$528,839
88$805,591$0$0$515,686
89$812,823$0$0$512,050
90$818,432$0$0$514,959
91$822,179$0$0$516,611
92$823,796$0$0$516,829
93$822,987$0$0$515,416
94$819,423$0$0$512,155
95$812,739$0$0$506,801
96$802,530$0$0$499,088
97$788,347$0$0$488,716
98$769,692$0$0$475,357
99$746,014$0$0$458,643
100$716,701$0$0$438,171