Can I retire at age 73 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$48,969$48,533$48,108$47,692$47,287$46,484
2 years$24,242$23,791$23,353$22,929$22,517$21,711
3 years$16,001$15,548$15,111$14,691$14,286$13,502
4 years$11,881$11,429$10,997$10,584$10,189$9,432
5 years$9,410$8,961$8,534$8,129$7,745$7,018
6 years$7,763$7,317$6,897$6,501$6,129$5,432
7 years$6,587$6,145$5,731$5,345$4,984$4,319
8 years$5,705$5,267$4,861$4,484$4,135$3,500
9 years$5,020$4,586$4,186$3,819$3,482$2,878
10 years$4,472$4,042$3,650$3,292$2,967$2,392
11 years$4,024$3,599$3,213$2,865$2,552$2,006
12 years$3,651$3,230$2,852$2,513$2,211$1,694
13 years$3,336$2,919$2,548$2,219$1,928$1,439
14 years$3,066$2,653$2,289$1,970$1,690$1,228
15 years$2,832$2,424$2,067$1,756$1,488$1,052
16 years$2,627$2,224$1,874$1,573$1,315$904
17 years$2,447$2,048$1,705$1,413$1,166$779
18 years$2,287$1,892$1,557$1,273$1,037$673
19 years$2,144$1,754$1,425$1,151$924$582
20 years$2,015$1,630$1,308$1,042$826$505
21 years$1,899$1,518$1,203$946$739$438
22 years$1,794$1,417$1,109$860$662$381
23 years$1,698$1,325$1,024$783$594$331
24 years$1,610$1,242$947$714$534$289
25 years$1,529$1,165$877$652$481$252
26 years$1,454$1,095$813$596$433$219
27 years$1,385$1,031$755$546$390$192
28 years$1,322$971$702$500$352$167
29 years$1,262$916$653$459$318$146
30 years$1,207$865$609$421$287$128
31 years$1,155$818$567$387$260$112
32 years$1,107$774$529$355$235$98
33 years$1,062$733$494$327$213$85
34 years$1,019$695$462$301$193$75
35 years$979$659$432$277$174$65
36 years$942$625$404$255$158$57
37 years$906$594$378$235$143$50
38 years$873$565$354$216$130$44
39 years$841$537$332$200$118$38
40 years$811$511$311$184$107$34
41 years$782$486$291$170$97$29
42 years$755$463$273$157$88$26
43 years$729$441$257$145$80$23
44 years$705$421$241$134$72$20
45 years$681$401$226$123$66$17
46 years$659$383$212$114$60$15
47 years$637$365$200$105$54$13
48 years$617$348$188$97$49$12
49 years$598$333$176$90$45$10
50 years$579$318$166$83$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $593,000, adding $4,849 every year, while hoping to spend $28,413 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: 37/48/15 Blend
72$593,000$593,000$593,000$593,000
73$658,488$627,059$617,867$679,682
74$695,422$627,553$608,335$695,848
75$735,172$627,120$597,530$710,226
76$777,994$625,683$585,382$725,144
77$824,170$623,163$571,813$740,666
78$874,011$619,473$556,745$756,864
79$927,858$614,525$540,093$773,819
80$986,085$608,223$521,772$791,620
81$1,049,105$600,465$501,690$810,372
82$1,117,369$591,143$479,753$830,190
83$1,191,376$580,144$455,859$851,204
84$1,271,672$567,347$429,907$873,561
85$1,358,861$552,625$401,787$897,425
86$1,453,603$535,842$371,385$922,980
87$1,556,627$516,855$338,583$950,433
88$1,668,734$495,512$303,256$980,016
89$1,790,806$471,653$265,277$1,011,986
90$1,923,813$445,109$224,509$1,046,633
91$2,068,823$415,701$180,810$1,084,281
92$2,227,011$383,237$134,035$1,125,290
93$2,399,669$347,519$84,028$1,170,063
94$2,588,222$308,334$30,630$1,219,048
95$2,794,236$265,458$0$1,272,747
96$3,019,438$218,655$0$1,335,935
97$3,265,726$167,675$0$1,410,520
98$3,535,192$112,253$0$1,492,313
99$3,830,138$52,110$0$1,582,114
100$4,153,102$0$0$1,680,808