Can I retire at age 73 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$47,978$47,551$47,134$46,727$46,330$45,600
2 years$23,752$23,309$22,881$22,465$22,062$21,328
3 years$15,677$15,233$14,805$14,394$13,997$13,283
4 years$11,641$11,198$10,774$10,370$9,983$9,293
5 years$9,219$8,779$8,361$7,965$7,589$6,926
6 years$7,606$7,169$6,757$6,370$6,005$5,369
7 years$6,454$6,020$5,615$5,237$4,883$4,276
8 years$5,590$5,161$4,762$4,393$4,051$3,471
9 years$4,919$4,493$4,102$3,742$3,412$2,859
10 years$4,382$3,961$3,576$3,226$2,907$2,381
11 years$3,943$3,526$3,148$2,807$2,500$2,001
12 years$3,577$3,165$2,794$2,462$2,167$1,693
13 years$3,268$2,860$2,496$2,174$1,889$1,441
14 years$3,004$2,600$2,243$1,930$1,656$1,232
15 years$2,774$2,375$2,025$1,721$1,458$1,057
16 years$2,574$2,179$1,836$1,541$1,289$910
17 years$2,397$2,007$1,671$1,384$1,143$786
18 years$2,241$1,854$1,525$1,248$1,016$681
19 years$2,101$1,718$1,396$1,127$906$590
20 years$1,975$1,597$1,281$1,021$809$513
21 years$1,861$1,487$1,179$927$724$446
22 years$1,758$1,388$1,086$843$649$389
23 years$1,663$1,299$1,003$767$582$339
24 years$1,577$1,217$928$700$524$296
25 years$1,498$1,142$859$639$471$259
26 years$1,425$1,073$797$584$424$226
27 years$1,357$1,010$740$535$383$198
28 years$1,295$952$688$490$345$173
29 years$1,237$898$640$449$312$152
30 years$1,183$848$596$412$282$133
31 years$1,132$801$556$379$255$117
32 years$1,085$758$519$348$230$102
33 years$1,040$718$484$320$208$90
34 years$999$681$452$295$189$79
35 years$960$646$423$271$171$69
36 years$923$613$396$250$155$61
37 years$888$582$370$230$140$53
38 years$855$553$347$212$127$47
39 years$824$526$325$196$115$41
40 years$794$500$305$180$105$36
41 years$766$476$286$166$95$32
42 years$740$454$268$154$86$28
43 years$714$432$251$142$78$24
44 years$690$412$236$131$71$21
45 years$667$393$222$121$64$19
46 years$645$375$208$112$59$16
47 years$625$358$195$103$53$14
48 years$605$341$184$95$48$13
49 years$586$326$173$88$44$11
50 years$567$311$162$81$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $581,000, adding $5,608 every year, while hoping to spend $50,227 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: 64/12/24 Blend
72$581,000$581,000$581,000$581,000
73$646,047$615,254$606,248$683,008
74$658,502$591,960$573,116$685,333
75$670,545$565,841$537,191$681,761
76$682,080$536,707$498,326$676,726
77$693,000$504,353$456,368$670,090
78$703,186$468,567$411,157$661,701
79$712,506$429,121$362,525$651,397
80$720,810$385,777$310,299$638,999
81$727,934$338,281$254,295$624,314
82$733,693$286,367$194,323$607,131
83$737,882$229,751$130,185$587,221
84$740,272$168,136$61,673$564,333
85$740,611$101,206$0$538,196
86$738,617$28,628$0$511,444
87$733,977$0$0$497,868
88$726,344$0$0$487,962
89$715,335$0$0$479,431
90$700,521$0$0$468,194
91$681,432$0$0$453,916
92$657,543$0$0$436,227
93$628,276$0$0$414,718
94$592,989$0$0$388,937
95$550,973$0$0$358,381
96$501,442$0$0$322,496
97$443,528$0$0$280,669
98$376,272$0$0$232,222
99$298,612$0$0$176,406
100$209,375$0$0$112,392