Can I retire at age 73 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$51,942$51,480$51,028$50,588$50,157$49,654
2 years$25,714$25,235$24,771$24,321$23,884$23,378
3 years$16,972$16,491$16,028$15,583$15,153$14,659
4 years$12,602$12,123$11,665$11,226$10,807$10,329
5 years$9,981$9,505$9,052$8,623$8,216$7,754
6 years$8,234$7,761$7,316$6,896$6,501$6,057
7 years$6,987$6,518$6,079$5,669$5,287$4,861
8 years$6,052$5,587$5,156$4,756$4,386$3,979
9 years$5,325$4,864$4,441$4,051$3,694$3,304
10 years$4,744$4,288$3,871$3,492$3,147$2,775
11 years$4,269$3,817$3,408$3,039$2,707$2,352
12 years$3,873$3,426$3,025$2,666$2,346$2,008
13 years$3,538$3,096$2,702$2,353$2,045$1,724
14 years$3,252$2,814$2,428$2,089$1,793$1,488
15 years$3,004$2,571$2,192$1,863$1,579$1,290
16 years$2,787$2,359$1,988$1,668$1,395$1,121
17 years$2,596$2,172$1,809$1,499$1,237$978
18 years$2,426$2,007$1,651$1,351$1,100$855
19 years$2,274$1,860$1,511$1,221$980$749
20 years$2,138$1,729$1,387$1,105$876$658
21 years$2,015$1,610$1,276$1,003$784$578
22 years$1,903$1,503$1,176$912$702$509
23 years$1,801$1,406$1,086$831$631$449
24 years$1,707$1,317$1,004$758$567$396
25 years$1,622$1,236$930$692$510$350
26 years$1,543$1,162$863$633$459$310
27 years$1,470$1,093$801$579$414$274
28 years$1,402$1,030$745$531$374$242
29 years$1,339$972$693$487$337$215
30 years$1,280$918$645$447$305$190
31 years$1,226$868$602$410$276$169
32 years$1,174$821$561$377$249$150
33 years$1,126$778$524$347$226$133
34 years$1,081$737$490$319$204$118
35 years$1,039$699$458$294$185$105
36 years$999$663$428$270$168$93
37 years$961$630$401$249$152$83
38 years$926$599$375$230$138$73
39 years$892$569$352$212$125$65
40 years$860$542$330$195$113$58
41 years$830$516$309$180$103$51
42 years$801$491$290$166$93$46
43 years$773$468$272$153$85$41
44 years$747$446$255$142$77$36
45 years$722$425$240$131$70$32
46 years$699$406$225$121$63$29
47 years$676$387$212$112$58$25
48 years$655$370$199$103$52$23
49 years$634$353$187$95$47$20
50 years$614$337$176$88$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $629,000, adding $5,205 every year, while hoping to spend $47,827 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: 77/7/16 Blend
72$629,000$629,000$629,000$629,000
73$698,527$665,190$655,440$749,488
74$718,889$646,897$626,510$765,552
75$739,725$626,104$595,008$776,636
76$761,033$602,639$560,797$787,481
77$782,809$576,319$523,734$798,046
78$805,047$546,950$483,670$808,288
79$827,738$514,327$440,450$818,158
80$850,872$478,234$393,909$827,606
81$874,435$438,441$343,879$836,573
82$898,410$394,707$290,181$845,000
83$922,776$346,776$232,630$852,819
84$947,508$294,377$171,032$859,956
85$972,577$237,224$105,185$866,334
86$997,948$175,016$34,877$871,865
87$1,023,581$107,435$0$876,457
88$1,049,430$34,143$0$886,861
89$1,075,441$0$0$902,912
90$1,101,553$0$0$922,052
91$1,127,695$0$0$943,836
92$1,153,788$0$0$965,566
93$1,179,741$0$0$987,164
94$1,205,452$0$0$1,008,543
95$1,230,805$0$0$1,029,604
96$1,255,669$0$0$1,050,237
97$1,279,898$0$0$1,070,315
98$1,303,327$0$0$1,089,700
99$1,325,771$0$0$1,108,234
100$1,347,024$0$0$1,125,741