Can I retire at age 73 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$50,208$49,761$49,325$48,899$48,483$47,857
2 years$24,855$24,393$23,944$23,509$23,087$22,458
3 years$16,406$15,941$15,493$15,062$14,647$14,034
4 years$12,182$11,718$11,275$10,852$10,447$9,853
5 years$9,648$9,187$8,750$8,335$7,941$7,370
6 years$7,959$7,502$7,071$6,666$6,284$5,736
7 years$6,754$6,300$5,876$5,480$5,110$4,585
8 years$5,850$5,400$4,984$4,597$4,240$3,738
9 years$5,147$4,702$4,292$3,916$3,570$3,091
10 years$4,585$4,145$3,742$3,375$3,042$2,586
11 years$4,126$3,690$3,295$2,938$2,616$2,182
12 years$3,743$3,312$2,924$2,577$2,267$1,854
13 years$3,420$2,993$2,612$2,275$1,977$1,585
14 years$3,143$2,720$2,347$2,019$1,733$1,362
15 years$2,903$2,485$2,119$1,801$1,526$1,175
16 years$2,694$2,280$1,921$1,613$1,349$1,016
17 years$2,509$2,100$1,748$1,449$1,196$882
18 years$2,345$1,940$1,596$1,306$1,063$767
19 years$2,198$1,798$1,461$1,180$948$669
20 years$2,066$1,671$1,341$1,069$846$584
21 years$1,947$1,557$1,233$970$758$511
22 years$1,839$1,453$1,137$882$679$448
23 years$1,741$1,359$1,050$803$610$393
24 years$1,650$1,273$971$732$548$345
25 years$1,568$1,195$899$669$493$303
26 years$1,491$1,123$834$612$444$266
27 years$1,421$1,057$774$560$400$234
28 years$1,355$996$720$513$361$206
29 years$1,294$939$670$470$326$182
30 years$1,238$887$624$432$295$160
31 years$1,185$839$582$396$266$141
32 years$1,135$794$543$364$241$124
33 years$1,089$752$507$335$218$110
34 years$1,045$712$473$308$198$97
35 years$1,004$676$443$284$179$85
36 years$966$641$414$261$162$75
37 years$929$609$388$241$147$67
38 years$895$579$363$222$133$59
39 years$862$550$340$205$121$52
40 years$831$524$319$189$110$46
41 years$802$498$299$174$99$41
42 years$774$475$280$161$90$36
43 years$748$452$263$148$82$32
44 years$722$431$247$137$74$28
45 years$698$411$232$127$67$25
46 years$675$392$218$117$61$22
47 years$654$374$205$108$56$19
48 years$633$357$192$100$50$17
49 years$613$341$181$92$46$15
50 years$594$326$170$85$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $608,000, adding $4,598 every year, while hoping to spend $26,479 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: 38/35/27 Blend
72$608,000$608,000$608,000$608,000
73$674,759$642,535$633,111$694,827
74$715,411$645,846$626,147$713,261
75$759,322$648,431$618,062$730,400
76$806,796$650,228$608,790$748,412
77$858,169$651,168$598,264$767,394
78$913,808$651,181$586,411$787,454
79$974,117$650,190$573,157$808,712
80$1,039,541$648,113$558,422$831,302
81$1,110,570$644,866$542,125$855,376
82$1,187,740$640,358$524,179$881,100
83$1,271,645$634,491$504,494$908,663
84$1,362,935$627,163$482,977$938,273
85$1,462,327$618,266$459,529$970,164
86$1,570,608$607,685$434,047$1,004,593
87$1,688,646$595,297$406,423$1,041,850
88$1,817,396$580,975$376,547$1,082,256
89$1,957,909$564,581$344,299$1,126,169
90$2,111,340$545,970$309,558$1,173,984
91$2,278,964$524,990$272,195$1,226,144
92$2,462,182$501,478$232,077$1,283,139
93$2,662,537$475,263$189,065$1,345,513
94$2,881,729$446,164$143,011$1,413,871
95$3,121,628$413,989$93,765$1,488,883
96$3,384,294$378,534$41,166$1,571,294
97$3,671,997$339,587$0$1,661,928
98$3,987,234$296,921$0$1,766,012
99$4,332,757$250,295$0$1,893,185
100$4,711,597$199,458$0$2,032,750