Can I retire at age 73 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$47,070$46,651$46,242$45,842$45,453$44,997
2 years$23,302$22,868$22,447$22,040$21,644$21,185
3 years$15,380$14,945$14,525$14,121$13,732$13,284
4 years$11,420$10,986$10,570$10,173$9,794$9,360
5 years$9,045$8,613$8,203$7,814$7,445$7,027
6 years$7,462$7,033$6,629$6,249$5,891$5,489
7 years$6,331$5,906$5,509$5,138$4,791$4,405
8 years$5,484$5,063$4,672$4,310$3,975$3,605
9 years$4,825$4,408$4,024$3,671$3,347$2,994
10 years$4,299$3,886$3,508$3,164$2,852$2,515
11 years$3,868$3,459$3,089$2,754$2,453$2,132
12 years$3,510$3,105$2,741$2,416$2,126$1,820
13 years$3,206$2,806$2,449$2,133$1,853$1,563
14 years$2,947$2,550$2,200$1,893$1,625$1,349
15 years$2,722$2,330$1,987$1,688$1,431$1,169
16 years$2,525$2,138$1,801$1,512$1,264$1,016
17 years$2,352$1,969$1,639$1,358$1,121$886
18 years$2,198$1,819$1,496$1,224$997$775
19 years$2,061$1,686$1,370$1,106$888$679
20 years$1,937$1,567$1,257$1,002$794$596
21 years$1,826$1,459$1,156$909$710$524
22 years$1,724$1,362$1,066$827$637$462
23 years$1,632$1,274$984$753$571$407
24 years$1,547$1,194$910$687$514$359
25 years$1,470$1,120$843$627$462$317
26 years$1,398$1,053$782$573$416$281
27 years$1,332$991$726$525$375$248
28 years$1,270$934$675$481$339$220
29 years$1,213$881$628$441$306$195
30 years$1,160$832$585$405$276$173
31 years$1,111$786$545$372$250$153
32 years$1,064$744$509$342$226$136
33 years$1,021$705$475$314$205$120
34 years$980$668$444$289$185$107
35 years$942$633$415$266$168$95
36 years$905$601$388$245$152$84
37 years$871$571$363$226$138$75
38 years$839$543$340$208$125$66
39 years$808$516$319$192$113$59
40 years$779$491$299$177$103$52
41 years$752$467$280$163$93$47
42 years$726$445$263$151$85$41
43 years$701$424$247$139$77$37
44 years$677$404$231$128$70$33
45 years$655$385$217$119$63$29
46 years$633$368$204$110$57$26
47 years$613$351$192$101$52$23
48 years$593$335$180$94$47$20
49 years$574$320$169$86$43$18
50 years$557$306$159$80$39$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $570,000, adding $5,627 every year, while hoping to spend $36,761 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: 49/45/6 Blend
72$570,000$570,000$570,000$570,000
73$633,944$603,734$594,899$663,770
74$659,493$594,204$575,715$675,203
75$686,416$582,974$554,656$683,225
76$714,814$569,924$531,621$691,065
77$744,798$554,923$506,503$698,714
78$776,488$537,834$479,191$706,166
79$810,015$518,514$449,569$713,416
80$845,524$496,808$417,517$720,463
81$883,170$472,555$382,907$727,306
82$923,125$445,582$345,606$733,949
83$965,577$415,708$305,477$740,398
84$1,010,730$382,742$262,375$746,666
85$1,058,809$346,481$216,149$752,769
86$1,110,059$306,710$166,641$758,727
87$1,164,748$263,202$113,687$764,569
88$1,223,172$215,719$57,115$770,331
89$1,285,654$164,007$0$776,056
90$1,352,546$107,799$0$782,007
91$1,424,238$46,813$0$791,955
92$1,501,155$0$0$802,330
93$1,583,764$0$0$822,766
94$1,672,579$0$0$869,702
95$1,768,162$0$0$920,261
96$1,871,130$0$0$974,775
97$1,982,165$0$0$1,033,610
98$2,102,010$0$0$1,097,167
99$2,231,486$0$0$1,165,889
100$2,371,493$0$0$1,240,259