Can I retire at age 73 with 628,000?

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 $628,000?

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$51,860$51,398$50,947$50,507$50,078$49,804
2 years$25,673$25,195$24,732$24,282$23,846$23,570
3 years$16,945$16,465$16,003$15,558$15,129$14,859
4 years$12,582$12,104$11,646$11,209$10,790$10,528
5 years$9,965$9,489$9,038$8,609$8,203$7,949
6 years$8,221$7,749$7,304$6,885$6,490$6,247
7 years$6,976$6,507$6,070$5,660$5,278$5,044
8 years$6,042$5,578$5,147$4,748$4,379$4,154
9 years$5,316$4,857$4,434$4,045$3,688$3,472
10 years$4,736$4,281$3,865$3,486$3,142$2,936
11 years$4,262$3,811$3,403$3,034$2,702$2,505
12 years$3,867$3,421$3,020$2,661$2,342$2,153
13 years$3,533$3,091$2,698$2,350$2,042$1,862
14 years$3,247$2,810$2,424$2,086$1,790$1,619
15 years$2,999$2,567$2,189$1,860$1,576$1,413
16 years$2,782$2,355$1,984$1,666$1,393$1,238
17 years$2,591$2,169$1,806$1,496$1,235$1,088
18 years$2,422$2,004$1,648$1,349$1,098$959
19 years$2,271$1,857$1,509$1,219$979$847
20 years$2,134$1,726$1,385$1,104$874$749
21 years$2,011$1,608$1,274$1,002$782$664
22 years$1,900$1,501$1,174$911$701$590
23 years$1,798$1,404$1,084$829$630$524
24 years$1,705$1,315$1,003$756$566$467
25 years$1,619$1,234$929$691$509$416
26 years$1,540$1,160$861$632$459$371
27 years$1,467$1,092$800$578$414$331
28 years$1,400$1,029$743$530$373$296
29 years$1,337$970$692$486$337$264
30 years$1,278$916$644$446$304$236
31 years$1,224$866$601$409$275$211
32 years$1,173$820$561$376$249$189
33 years$1,125$776$523$346$225$169
34 years$1,080$736$489$318$204$152
35 years$1,037$698$457$293$185$136
36 years$997$662$428$270$167$122
37 years$960$629$400$249$152$109
38 years$924$598$375$229$138$98
39 years$890$569$351$211$125$88
40 years$859$541$329$195$113$79
41 years$828$515$309$180$103$71
42 years$800$490$290$166$93$63
43 years$772$467$272$153$85$57
44 years$746$445$255$141$77$51
45 years$721$425$239$131$70$46
46 years$698$405$225$121$63$41
47 years$675$387$211$112$57$37
48 years$654$369$199$103$52$33
49 years$633$352$187$95$47$30
50 years$613$337$175$88$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $628,000, adding $2,962 every year, while hoping to spend $27,586 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: 42/34/24 Blend
72$628,000$628,000$628,000$628,000
73$695,111$661,827$652,093$719,312
74$736,661$664,906$644,587$739,967
75$781,525$667,210$635,905$759,463
76$830,011$668,674$625,978$780,028
77$882,459$669,226$614,735$801,778
78$939,242$668,790$602,101$824,838
79$1,000,770$667,286$587,997$849,352
80$1,067,494$664,628$572,340$875,476
81$1,139,910$660,727$555,046$903,387
82$1,218,564$655,486$536,023$933,282
83$1,304,056$648,803$515,178$965,377
84$1,397,046$640,571$492,412$999,916
85$1,498,260$630,674$467,624$1,037,169
86$1,608,497$618,992$440,704$1,077,435
87$1,728,638$605,396$411,541$1,121,048
88$1,859,648$589,750$380,017$1,168,380
89$2,002,595$571,910$346,010$1,219,840
90$2,158,650$551,724$309,392$1,275,885
91$2,329,104$529,030$270,028$1,337,023
92$2,515,378$503,658$227,779$1,403,815
93$2,719,035$475,426$182,499$1,476,885
94$2,941,800$444,145$134,036$1,556,924
95$3,185,567$409,612$82,230$1,644,698
96$3,452,425$371,613$26,914$1,741,058
97$3,744,673$329,923$0$1,846,943
98$4,064,844$284,303$0$1,971,620
99$4,415,726$234,502$0$2,115,909
100$4,800,391$180,253$0$2,274,236