Can I retire at age 73 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$48,061$47,633$47,215$46,808$46,409$46,136
2 years$23,793$23,349$22,920$22,504$22,100$21,824
3 years$15,704$15,259$14,831$14,418$14,021$13,752
4 years$11,661$11,217$10,793$10,388$10,000$9,739
5 years$9,235$8,794$8,376$7,979$7,602$7,349
6 years$7,619$7,181$6,769$6,381$6,015$5,772
7 years$6,465$6,031$5,625$5,246$4,892$4,658
8 years$5,600$5,169$4,770$4,401$4,058$3,834
9 years$4,927$4,501$4,109$3,748$3,418$3,203
10 years$4,389$3,967$3,582$3,231$2,912$2,706
11 years$3,950$3,532$3,154$2,812$2,504$2,308
12 years$3,583$3,170$2,799$2,467$2,170$1,983
13 years$3,274$2,865$2,501$2,178$1,893$1,714
14 years$3,009$2,604$2,247$1,933$1,659$1,489
15 years$2,779$2,379$2,028$1,724$1,461$1,299
16 years$2,578$2,183$1,839$1,544$1,291$1,137
17 years$2,402$2,010$1,674$1,387$1,145$999
18 years$2,245$1,857$1,528$1,250$1,018$879
19 years$2,104$1,721$1,399$1,129$907$776
20 years$1,978$1,600$1,284$1,023$810$686
21 years$1,864$1,490$1,181$928$725$608
22 years$1,761$1,391$1,088$844$650$539
23 years$1,666$1,301$1,005$769$583$479
24 years$1,580$1,219$929$701$524$426
25 years$1,500$1,144$861$640$472$379
26 years$1,427$1,075$798$585$425$338
27 years$1,360$1,012$741$536$383$301
28 years$1,297$953$689$491$346$269
29 years$1,239$899$641$450$312$240
30 years$1,185$849$597$413$282$215
31 years$1,134$803$557$379$255$192
32 years$1,087$760$519$349$231$172
33 years$1,042$719$485$321$209$154
34 years$1,001$682$453$295$189$137
35 years$961$647$424$272$171$123
36 years$924$614$396$250$155$110
37 years$889$583$371$230$141$99
38 years$856$554$347$212$127$88
39 years$825$527$325$196$116$79
40 years$796$501$305$181$105$71
41 years$768$477$286$167$95$64
42 years$741$454$268$154$86$57
43 years$716$433$252$142$78$51
44 years$691$413$236$131$71$46
45 years$669$394$222$121$65$41
46 years$647$375$208$112$59$37
47 years$626$358$196$103$53$33
48 years$606$342$184$95$48$30
49 years$587$327$173$88$44$27
50 years$568$312$163$82$40$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $582,000, adding $2,595 every year, while hoping to spend $30,968 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: 36/41/23 Blend
72$582,000$582,000$582,000$582,000
73$644,041$613,195$604,174$662,675
74$676,783$610,292$591,464$673,693
75$711,827$606,208$577,290$682,538
76$749,376$600,854$561,571$691,464
77$789,649$594,133$544,221$700,498
78$832,892$585,944$525,151$709,671
79$879,370$576,179$504,267$719,022
80$929,377$564,723$481,471$728,593
81$983,235$551,455$456,661$738,436
82$1,041,296$536,248$429,731$748,612
83$1,103,950$518,966$400,568$759,188
84$1,171,622$499,464$369,057$770,246
85$1,244,781$477,592$335,074$781,876
86$1,323,943$453,188$298,493$794,184
87$1,409,673$426,082$259,181$807,289
88$1,502,595$396,095$216,998$821,329
89$1,603,392$363,036$171,800$836,459
90$1,712,818$326,705$123,435$852,854
91$1,831,700$286,888$71,745$870,716
92$1,960,950$243,363$16,565$890,268
93$2,101,569$195,890$0$911,767
94$2,254,661$144,220$0$945,886
95$2,421,438$88,089$0$987,574
96$2,603,236$27,216$0$1,033,171
97$2,801,523$0$0$1,083,133
98$3,017,918$0$0$1,155,425
99$3,254,200$0$0$1,247,844
100$3,512,330$0$0$1,348,890