Can I retire at age 73 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$52,355$51,889$51,434$50,990$50,556$49,780
2 years$25,918$25,436$24,968$24,514$24,074$23,294
3 years$17,107$16,622$16,156$15,707$15,274$14,514
4 years$12,703$12,219$11,757$11,316$10,893$10,160
5 years$10,060$9,580$9,124$8,692$8,281$7,576
6 years$8,300$7,823$7,374$6,951$6,552$5,876
7 years$7,042$6,570$6,128$5,715$5,329$4,682
8 years$6,100$5,631$5,197$4,794$4,421$3,803
9 years$5,367$4,903$4,476$4,083$3,723$3,135
10 years$4,781$4,322$3,902$3,520$3,172$2,612
11 years$4,302$3,848$3,435$3,063$2,728$2,196
12 years$3,904$3,453$3,049$2,687$2,364$1,859
13 years$3,566$3,121$2,724$2,372$2,062$1,583
14 years$3,278$2,837$2,447$2,106$1,807$1,355
15 years$3,027$2,591$2,210$1,878$1,591$1,164
16 years$2,809$2,378$2,003$1,681$1,406$1,003
17 years$2,616$2,190$1,823$1,511$1,247$867
18 years$2,445$2,023$1,664$1,362$1,109$751
19 years$2,292$1,875$1,524$1,230$988$652
20 years$2,155$1,743$1,398$1,114$883$567
21 years$2,031$1,623$1,286$1,011$790$493
22 years$1,918$1,515$1,185$919$708$430
23 years$1,815$1,417$1,094$837$636$375
24 years$1,721$1,328$1,012$764$571$328
25 years$1,635$1,246$937$697$514$287
26 years$1,555$1,171$869$638$463$251
27 years$1,481$1,102$807$584$417$220
28 years$1,413$1,038$751$535$377$193
29 years$1,350$980$698$490$340$169
30 years$1,291$925$651$450$307$148
31 years$1,235$875$607$413$278$130
32 years$1,184$828$566$380$251$114
33 years$1,135$784$528$349$227$100
34 years$1,090$743$494$321$206$88
35 years$1,047$705$462$296$187$77
36 years$1,007$669$432$273$169$68
37 years$969$635$404$251$153$59
38 years$933$604$378$231$139$52
39 years$899$574$355$213$126$46
40 years$867$546$332$197$114$40
41 years$836$520$312$182$104$35
42 years$807$495$292$168$94$31
43 years$780$472$274$155$85$27
44 years$753$450$257$143$77$24
45 years$728$429$242$132$70$21
46 years$704$409$227$122$64$19
47 years$682$390$213$113$58$16
48 years$660$373$200$104$53$14
49 years$639$356$188$96$48$13
50 years$619$340$177$89$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $634,000, adding $6,551 every year, while hoping to spend $27,578 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: 70/10/20 Blend
72$634,000$634,000$634,000$634,000
73$705,425$671,823$661,996$750,913
74$748,036$675,400$654,830$785,673
75$794,069$678,227$646,500$819,834
76$843,843$680,240$636,937$856,544
77$897,711$681,368$626,071$896,052
78$956,059$681,537$613,826$938,632
79$1,019,313$680,667$600,124$984,589
80$1,087,938$678,676$584,884$1,034,258
81$1,162,451$675,473$568,021$1,088,007
82$1,243,415$670,966$549,444$1,146,246
83$1,331,453$665,053$529,060$1,209,423
84$1,427,249$657,628$506,771$1,278,035
85$1,531,555$648,579$482,475$1,352,631
86$1,645,201$637,787$456,065$1,433,814
87$1,769,098$625,124$427,429$1,522,252
88$1,904,249$610,458$396,451$1,618,681
89$2,051,758$593,647$363,008$1,723,912
90$2,212,842$574,540$326,973$1,838,841
91$2,388,838$552,978$288,213$1,964,457
92$2,581,219$528,794$246,588$2,101,849
93$2,791,608$501,810$201,954$2,252,221
94$3,021,791$471,837$154,158$2,416,898
95$3,273,733$438,677$103,042$2,597,345
96$3,549,601$402,119$48,441$2,795,176
97$3,851,779$361,942$0$3,012,171
98$4,182,893$317,909$0$3,252,391
99$4,545,834$269,773$0$3,527,074
100$4,943,789$217,271$0$3,828,301