Can I retire at age 73 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$49,713$49,270$48,838$48,416$48,004$47,742
2 years$24,610$24,152$23,708$23,277$22,859$22,594
3 years$16,244$15,784$15,340$14,914$14,503$14,244
4 years$12,061$11,603$11,164$10,745$10,344$10,092
5 years$9,553$9,097$8,664$8,253$7,863$7,620
6 years$7,881$7,428$7,002$6,600$6,222$5,988
7 years$6,687$6,238$5,818$5,426$5,060$4,835
8 years$5,792$5,347$4,934$4,552$4,198$3,982
9 years$5,096$4,656$4,250$3,877$3,535$3,328
10 years$4,540$4,104$3,705$3,342$3,012$2,814
11 years$4,085$3,653$3,262$2,909$2,590$2,401
12 years$3,707$3,279$2,895$2,551$2,245$2,064
13 years$3,386$2,963$2,586$2,252$1,958$1,785
14 years$3,112$2,694$2,324$1,999$1,716$1,552
15 years$2,875$2,461$2,098$1,783$1,511$1,355
16 years$2,667$2,258$1,902$1,597$1,335$1,187
17 years$2,484$2,079$1,731$1,435$1,184$1,043
18 years$2,322$1,921$1,580$1,293$1,053$919
19 years$2,177$1,781$1,447$1,168$938$812
20 years$2,046$1,655$1,328$1,058$838$718
21 years$1,928$1,541$1,221$960$750$637
22 years$1,821$1,439$1,125$873$672$565
23 years$1,723$1,346$1,039$795$604$503
24 years$1,634$1,261$961$725$542$447
25 years$1,552$1,183$890$662$488$399
26 years$1,476$1,112$826$606$440$355
27 years$1,407$1,046$767$554$396$317
28 years$1,342$986$713$508$358$283
29 years$1,282$930$663$466$323$253
30 years$1,225$878$618$427$292$226
31 years$1,173$830$576$393$264$203
32 years$1,124$786$537$361$239$181
33 years$1,078$744$502$332$216$162
34 years$1,035$705$469$305$196$145
35 years$994$669$438$281$177$130
36 years$956$635$410$259$160$117
37 years$920$603$384$238$145$105
38 years$886$573$359$220$132$94
39 years$854$545$337$203$120$84
40 years$823$518$316$187$108$76
41 years$794$494$296$172$98$68
42 years$766$470$278$159$89$61
43 years$740$448$260$147$81$55
44 years$715$427$244$136$74$49
45 years$691$407$230$125$67$44
46 years$669$388$216$116$61$39
47 years$647$371$203$107$55$35
48 years$626$354$190$99$50$32
49 years$607$338$179$91$45$29
50 years$588$323$168$84$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $602,000, adding $4,092 every year, while hoping to spend $25,642 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: 49/40/11 Blend
72$602,000$602,000$602,000$602,000
73$667,625$635,719$626,388$698,153
74$708,440$639,586$620,089$723,407
75$752,558$642,784$612,720$747,797
76$800,290$645,251$604,217$773,705
77$851,977$646,925$594,515$801,282
78$907,992$647,738$583,545$830,692
79$968,748$647,618$571,234$862,120
80$1,034,697$646,489$557,508$895,771
81$1,106,339$644,268$542,286$931,869
82$1,184,219$640,872$525,487$970,666
83$1,268,942$636,207$507,024$1,012,439
84$1,361,171$630,178$486,805$1,057,496
85$1,461,635$622,681$464,738$1,106,176
86$1,571,138$613,609$440,723$1,158,857
87$1,690,563$602,844$414,656$1,215,955
88$1,820,883$590,267$386,430$1,277,933
89$1,963,169$575,746$355,931$1,345,302
90$2,118,600$559,145$323,042$1,418,627
91$2,288,473$540,319$287,640$1,498,535
92$2,474,217$519,115$249,596$1,585,717
93$2,677,406$495,369$208,776$1,680,940
94$2,899,770$468,911$165,039$1,785,052
95$3,143,217$439,559$118,238$1,898,989
96$3,409,848$407,119$68,222$2,023,787
97$3,701,974$371,390$14,829$2,160,592
98$4,022,144$332,157$0$2,310,671
99$4,373,162$289,192$0$2,480,370
100$4,758,117$242,255$0$2,668,468