Can I retire at age 73 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$51,777$51,316$50,866$50,427$49,998$48,147
2 years$25,632$25,155$24,692$24,244$23,809$21,965
3 years$16,918$16,439$15,977$15,533$15,105$13,327
4 years$12,562$12,084$11,628$11,191$10,773$9,073
5 years$9,949$9,474$9,023$8,596$8,190$6,573
6 years$8,208$7,736$7,292$6,874$6,480$4,947
7 years$6,965$6,497$6,060$5,651$5,270$3,821
8 years$6,033$5,569$5,139$4,741$4,372$3,006
9 years$5,308$4,849$4,426$4,038$3,682$2,396
10 years$4,729$4,274$3,859$3,481$3,137$1,929
11 years$4,255$3,805$3,397$3,029$2,698$1,566
12 years$3,860$3,415$3,015$2,657$2,338$1,279
13 years$3,527$3,086$2,694$2,346$2,039$1,050
14 years$3,241$2,805$2,420$2,082$1,787$865
15 years$2,994$2,563$2,185$1,857$1,574$715
16 years$2,778$2,351$1,981$1,663$1,391$592
17 years$2,587$2,165$1,803$1,494$1,233$492
18 years$2,418$2,001$1,646$1,346$1,096$409
19 years$2,267$1,854$1,507$1,217$977$341
20 years$2,131$1,723$1,383$1,102$873$284
21 years$2,008$1,605$1,272$1,000$781$237
22 years$1,897$1,498$1,172$909$700$198
23 years$1,795$1,401$1,082$828$629$166
24 years$1,702$1,313$1,001$755$565$139
25 years$1,617$1,232$927$690$508$116
26 years$1,538$1,158$860$631$458$97
27 years$1,465$1,090$798$577$413$81
28 years$1,397$1,027$742$529$373$68
29 years$1,335$969$691$485$336$57
30 years$1,276$915$643$445$304$48
31 years$1,222$865$600$409$275$40
32 years$1,171$818$560$376$249$34
33 years$1,123$775$523$346$225$28
34 years$1,078$735$488$318$204$24
35 years$1,036$697$456$293$184$20
36 years$996$661$427$270$167$17
37 years$958$628$400$248$151$14
38 years$923$597$374$229$137$12
39 years$889$568$351$211$125$10
40 years$857$540$329$195$113$8
41 years$827$514$308$180$102$7
42 years$798$490$289$166$93$6
43 years$771$466$271$153$84$5
44 years$745$445$255$141$77$4
45 years$720$424$239$130$70$3
46 years$697$404$225$121$63$3
47 years$674$386$211$111$57$2
48 years$652$368$198$103$52$2
49 years$632$352$186$95$47$2
50 years$612$336$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $627,000, adding $5,735 every year, while hoping to spend $47,554 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: 71/24/5 Blend
72$627,000$627,000$627,000$627,000
73$696,870$663,639$653,920$745,606
74$717,353$645,560$625,229$760,450
75$738,332$625,001$593,984$770,211
76$759,807$601,792$560,047$779,558
77$781,777$575,749$523,278$788,436
78$804,238$546,680$483,528$796,789
79$827,186$514,383$440,642$804,551
80$850,614$478,643$394,458$811,657
81$874,512$439,231$344,807$818,031
82$898,866$395,908$291,513$823,596
83$923,663$348,420$234,390$828,265
84$948,881$296,497$173,247$831,946
85$974,499$239,857$107,883$834,539
86$1,000,487$178,200$38,087$835,936
87$1,026,814$111,209$0$836,020
88$1,053,442$38,550$0$836,609
89$1,080,324$0$0$837,918
90$1,107,411$0$0$848,379
91$1,134,643$0$0$869,116
92$1,161,953$0$0$889,896
93$1,189,262$0$0$910,657
94$1,216,484$0$0$931,331
95$1,243,519$0$0$951,839
96$1,270,255$0$0$972,092
97$1,296,564$0$0$991,991
98$1,322,304$0$0$1,011,423
99$1,347,315$0$0$1,030,262
100$1,371,416$0$0$1,048,366