Can I retire at age 73 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$50,621$50,170$49,730$49,301$48,881$48,655
2 years$25,060$24,593$24,141$23,702$23,277$23,048
3 years$16,541$16,072$15,621$15,186$14,768$14,544
4 years$12,282$11,815$11,368$10,941$10,533$10,316
5 years$9,727$9,263$8,822$8,404$8,007$7,797
6 years$8,025$7,564$7,129$6,720$6,335$6,133
7 years$6,809$6,352$5,925$5,525$5,152$4,958
8 years$5,898$5,445$5,025$4,635$4,274$4,088
9 years$5,189$4,741$4,328$3,948$3,600$3,421
10 years$4,623$4,179$3,773$3,403$3,067$2,896
11 years$4,160$3,720$3,322$2,962$2,638$2,474
12 years$3,774$3,339$2,948$2,598$2,286$2,129
13 years$3,448$3,017$2,634$2,294$1,993$1,844
14 years$3,169$2,743$2,366$2,036$1,747$1,605
15 years$2,927$2,506$2,137$1,816$1,538$1,403
16 years$2,716$2,299$1,937$1,626$1,360$1,231
17 years$2,530$2,117$1,763$1,461$1,206$1,083
18 years$2,364$1,956$1,609$1,316$1,072$956
19 years$2,216$1,813$1,473$1,190$955$845
20 years$2,083$1,685$1,352$1,077$853$749
21 years$1,963$1,569$1,243$978$764$665
22 years$1,854$1,465$1,146$889$685$591
23 years$1,755$1,370$1,058$810$615$527
24 years$1,664$1,284$979$738$552$469
25 years$1,580$1,205$906$674$497$419
26 years$1,503$1,132$841$617$448$374
27 years$1,432$1,066$781$564$404$334
28 years$1,366$1,004$726$517$364$299
29 years$1,305$947$675$474$329$268
30 years$1,248$895$629$435$297$240
31 years$1,194$846$586$400$269$215
32 years$1,145$800$547$367$243$193
33 years$1,098$758$511$338$220$173
34 years$1,054$718$477$311$199$155
35 years$1,013$681$446$286$180$139
36 years$974$647$417$263$163$125
37 years$937$614$391$243$148$112
38 years$902$584$366$224$134$101
39 years$869$555$343$206$122$91
40 years$838$528$321$190$110$81
41 years$809$503$301$176$100$73
42 years$780$479$283$162$91$66
43 years$754$456$265$150$83$59
44 years$728$435$249$138$75$53
45 years$704$415$234$128$68$48
46 years$681$395$220$118$62$43
47 years$659$377$206$109$56$39
48 years$638$360$194$101$51$35
49 years$618$344$182$93$46$31
50 years$599$329$171$86$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $613,000, adding $6,349 every year, while hoping to spend $49,318 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: 38/32/30 Blend
72$613,000$613,000$613,000$613,000
73$682,075$649,586$640,084$701,715
74$699,173$628,942$609,053$696,130
75$716,361$605,633$575,330$685,154
76$733,598$579,477$538,771$672,367
77$750,835$550,281$499,230$657,638
78$768,015$517,840$456,549$640,827
79$785,077$481,938$410,568$621,784
80$801,949$442,347$361,115$600,351
81$818,550$398,825$308,016$576,358
82$834,791$351,116$251,083$549,625
83$850,571$298,952$190,125$519,959
84$865,775$242,046$124,940$487,154
85$880,275$180,098$55,317$450,990
86$893,930$112,789$0$411,234
87$906,580$39,785$0$373,710
88$918,045$0$0$351,366
89$928,129$0$0$340,097
90$936,609$0$0$342,118
91$943,240$0$0$343,316
92$947,746$0$0$343,576
93$949,823$0$0$342,766
94$949,132$0$0$340,745
95$945,297$0$0$337,353
96$937,900$0$0$332,413
97$926,479$0$0$325,729
98$910,520$0$0$317,086
99$889,454$0$0$306,241
100$862,649$0$0$292,931