Can I retire at age 73 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$52,685$52,216$51,758$51,311$50,875$49,787
2 years$26,082$25,596$25,125$24,669$24,226$23,135
3 years$17,215$16,727$16,258$15,806$15,370$14,310
4 years$12,783$12,296$11,832$11,387$10,962$9,942
5 years$10,124$9,641$9,182$8,746$8,333$7,355
6 years$8,352$7,872$7,420$6,995$6,594$5,659
7 years$7,087$6,611$6,166$5,751$5,363$4,471
8 years$6,138$5,667$5,229$4,824$4,449$3,600
9 years$5,401$4,934$4,504$4,109$3,746$2,941
10 years$4,812$4,349$3,927$3,542$3,192$2,428
11 years$4,330$3,872$3,457$3,083$2,745$2,022
12 years$3,928$3,475$3,068$2,704$2,379$1,696
13 years$3,589$3,140$2,741$2,387$2,075$1,430
14 years$3,298$2,855$2,463$2,119$1,819$1,211
15 years$3,047$2,608$2,224$1,890$1,601$1,029
16 years$2,827$2,393$2,016$1,692$1,415$878
17 years$2,633$2,203$1,835$1,520$1,255$750
18 years$2,461$2,036$1,675$1,370$1,116$643
19 years$2,307$1,887$1,533$1,238$994$552
20 years$2,168$1,754$1,407$1,121$888$475
21 years$2,043$1,633$1,294$1,018$795$409
22 years$1,930$1,525$1,193$925$713$352
23 years$1,827$1,426$1,101$843$640$304
24 years$1,732$1,336$1,019$769$575$262
25 years$1,645$1,254$943$702$517$227
26 years$1,565$1,178$875$642$466$196
27 years$1,491$1,109$812$587$420$170
28 years$1,422$1,045$755$538$379$147
29 years$1,358$986$703$494$342$127
30 years$1,299$931$655$453$309$110
31 years$1,243$880$610$416$280$95
32 years$1,191$833$569$382$253$83
33 years$1,143$789$532$352$229$72
34 years$1,097$747$497$323$207$62
35 years$1,054$709$464$298$188$54
36 years$1,013$673$435$274$170$47
37 years$975$639$407$253$154$41
38 years$939$607$381$233$140$35
39 years$905$578$357$215$127$30
40 years$872$549$334$198$115$26
41 years$841$523$314$183$104$23
42 years$812$498$294$169$95$20
43 years$784$475$276$156$86$17
44 years$758$452$259$144$78$15
45 years$733$431$243$133$71$13
46 years$709$412$229$123$64$11
47 years$686$393$215$113$58$10
48 years$664$375$202$105$53$9
49 years$643$358$190$97$48$7
50 years$623$342$178$89$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $638,000, adding $3,599 every year, while hoping to spend $22,394 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: 69/16/15 Blend
72$638,000$638,000$638,000$638,000
73$706,788$672,974$663,085$752,866
74$755,054$682,123$661,472$793,143
75$807,492$690,970$659,053$834,189
76$864,504$699,475$655,780$878,524
77$926,533$707,599$651,598$926,472
78$994,065$715,297$646,453$978,385
79$1,067,636$722,523$640,285$1,034,654
80$1,147,835$729,227$633,034$1,095,709
81$1,235,310$735,354$624,637$1,162,025
82$1,330,774$740,850$615,025$1,234,125
83$1,435,015$745,653$604,130$1,312,584
84$1,548,895$749,699$591,877$1,398,039
85$1,673,368$752,920$578,191$1,491,190
86$1,809,481$755,243$562,990$1,592,809
87$1,958,390$756,590$546,191$1,703,748
88$2,121,363$756,881$527,706$1,824,946
89$2,299,801$756,027$507,443$1,957,439
90$2,495,245$753,936$485,306$2,102,367
91$2,709,391$750,510$461,195$2,260,989
92$2,944,108$745,645$435,005$2,434,693
93$3,201,455$739,229$406,625$2,625,007
94$3,483,698$731,146$375,942$2,833,618
95$3,793,334$721,272$342,835$3,062,386
96$4,133,114$709,473$307,180$3,313,360
97$4,506,066$695,612$268,845$3,588,800
98$4,915,528$679,540$227,694$3,891,197
99$5,365,175$661,101$183,585$4,223,298
100$5,859,056$640,128$136,368$4,588,131