Can I retire at age 73 with 635,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$52,438$51,971$51,515$51,070$50,636$49,472
2 years$25,959$25,476$25,007$24,553$24,112$22,946
3 years$17,134$16,649$16,181$15,731$15,298$14,166
4 years$12,723$12,239$11,776$11,334$10,911$9,821
5 years$10,076$9,595$9,139$8,705$8,294$7,251
6 years$8,313$7,835$7,385$6,962$6,563$5,567
7 years$7,053$6,580$6,137$5,724$5,337$4,388
8 years$6,110$5,640$5,205$4,801$4,428$3,526
9 years$5,376$4,911$4,483$4,090$3,729$2,873
10 years$4,789$4,329$3,908$3,525$3,177$2,366
11 years$4,309$3,854$3,441$3,068$2,732$1,966
12 years$3,910$3,459$3,054$2,691$2,368$1,644
13 years$3,572$3,126$2,728$2,376$2,065$1,382
14 years$3,283$2,841$2,451$2,109$1,810$1,167
15 years$3,032$2,595$2,213$1,881$1,594$990
16 years$2,813$2,381$2,007$1,684$1,409$842
17 years$2,620$2,193$1,826$1,513$1,249$717
18 years$2,449$2,027$1,667$1,364$1,110$613
19 years$2,296$1,878$1,526$1,232$990$525
20 years$2,158$1,745$1,400$1,116$884$450
21 years$2,034$1,626$1,288$1,013$791$386
22 years$1,921$1,517$1,187$921$709$332
23 years$1,818$1,419$1,096$839$637$285
24 years$1,724$1,330$1,014$765$572$246
25 years$1,637$1,248$939$699$515$211
26 years$1,557$1,173$871$639$464$182
27 years$1,484$1,104$809$585$418$157
28 years$1,415$1,040$752$536$377$136
29 years$1,352$981$700$491$341$117
30 years$1,293$927$652$451$308$101
31 years$1,237$876$607$414$278$87
32 years$1,186$829$567$381$252$75
33 years$1,137$785$529$350$228$65
34 years$1,092$744$494$322$206$56
35 years$1,049$706$462$296$187$49
36 years$1,009$670$432$273$169$42
37 years$970$636$405$251$153$36
38 years$934$605$379$232$139$31
39 years$900$575$355$214$126$27
40 years$868$547$333$197$114$23
41 years$838$521$312$182$104$20
42 years$808$496$293$168$94$18
43 years$781$472$275$155$85$15
44 years$754$450$258$143$78$13
45 years$729$429$242$132$70$11
46 years$705$410$227$122$64$10
47 years$683$391$214$113$58$8
48 years$661$373$201$104$53$7
49 years$640$356$189$96$48$6
50 years$620$340$177$89$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $635,000, adding $6,205 every year, while hoping to spend $50,750 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: 63/31/6 Blend
72$635,000$635,000$635,000$635,000
73$706,170$672,515$662,673$749,532
74$724,202$651,471$630,875$758,156
75$742,372$627,695$596,311$761,034
76$760,641$600,999$558,834$762,855
77$778,964$571,185$518,292$763,514
78$797,289$538,043$474,525$762,897
79$815,557$501,352$427,367$760,881
80$833,702$460,877$376,642$757,333
81$851,650$416,370$322,170$752,109
82$869,314$367,568$263,759$745,053
83$886,601$314,196$201,211$735,997
84$903,402$255,959$134,320$724,759
85$919,598$192,550$62,868$711,141
86$935,053$123,641$0$694,929
87$949,617$48,888$0$676,750
88$963,120$0$0$659,847
89$975,375$0$0$650,876
90$986,172$0$0$657,543
91$995,276$0$0$663,010
92$1,002,427$0$0$667,093
93$1,007,335$0$0$669,592
94$1,009,678$0$0$670,281
95$1,009,096$0$0$668,910
96$1,005,193$0$0$665,203
97$997,526$0$0$658,851
98$985,606$0$0$649,514
99$968,890$0$0$636,814
100$946,776$0$0$620,332