Can I retire at age 73 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$52,851$52,380$51,921$51,472$51,034$50,230
2 years$26,164$25,676$25,204$24,746$24,302$23,494
3 years$17,269$16,780$16,309$15,855$15,418$14,631
4 years$12,823$12,335$11,869$11,423$10,996$10,237
5 years$10,156$9,671$9,211$8,774$8,359$7,629
6 years$8,378$7,897$7,443$7,016$6,614$5,915
7 years$7,109$6,632$6,186$5,769$5,379$4,710
8 years$6,158$5,685$5,246$4,839$4,463$3,824
9 years$5,418$4,950$4,518$4,122$3,758$3,149
10 years$4,827$4,363$3,939$3,553$3,202$2,623
11 years$4,343$3,884$3,468$3,092$2,754$2,204
12 years$3,941$3,486$3,078$2,712$2,387$1,865
13 years$3,600$3,150$2,750$2,395$2,081$1,587
14 years$3,309$2,864$2,471$2,126$1,824$1,357
15 years$3,056$2,616$2,231$1,896$1,606$1,165
16 years$2,835$2,400$2,022$1,697$1,420$1,003
17 years$2,641$2,210$1,840$1,525$1,259$866
18 years$2,468$2,042$1,680$1,374$1,119$750
19 years$2,314$1,893$1,538$1,242$998$650
20 years$2,175$1,759$1,411$1,125$891$565
21 years$2,050$1,638$1,298$1,021$797$492
22 years$1,936$1,529$1,197$928$715$428
23 years$1,832$1,430$1,105$845$642$374
24 years$1,737$1,340$1,022$771$577$326
25 years$1,650$1,258$946$704$519$285
26 years$1,570$1,182$878$644$467$249
27 years$1,495$1,112$815$589$421$218
28 years$1,426$1,048$758$540$380$191
29 years$1,362$989$705$495$343$167
30 years$1,303$934$657$454$310$146
31 years$1,247$883$612$417$280$128
32 years$1,195$835$571$384$254$113
33 years$1,146$791$533$353$230$99
34 years$1,100$750$498$324$208$87
35 years$1,057$711$466$299$188$76
36 years$1,016$675$436$275$171$67
37 years$978$641$408$253$155$59
38 years$942$609$382$234$140$51
39 years$908$579$358$215$127$45
40 years$875$551$335$199$115$40
41 years$844$525$315$183$105$35
42 years$815$500$295$169$95$31
43 years$787$476$277$156$86$27
44 years$760$454$260$144$78$24
45 years$735$433$244$133$71$21
46 years$711$413$229$123$64$18
47 years$688$394$215$114$59$16
48 years$666$376$202$105$53$14
49 years$645$359$190$97$48$12
50 years$625$343$179$90$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $640,000, adding $4,684 every year, while hoping to spend $26,760 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: 77/16/7 Blend
72$640,000$640,000$640,000$640,000
73$710,112$676,192$666,272$763,823
74$754,070$680,852$660,119$804,416
75$801,616$684,845$652,864$844,985
76$853,087$688,108$644,440$888,680
77$908,853$690,576$634,780$935,800
78$969,323$692,182$623,812$986,675
79$1,034,945$692,850$611,462$1,041,667
80$1,106,214$692,504$597,650$1,101,177
81$1,183,672$691,061$582,295$1,165,645
82$1,267,916$688,432$565,312$1,235,559
83$1,359,604$684,526$546,610$1,311,453
84$1,459,458$679,242$526,096$1,393,917
85$1,568,274$672,476$503,672$1,483,603
86$1,686,928$664,118$479,235$1,581,227
87$1,816,383$654,048$452,678$1,687,579
88$1,957,701$642,143$423,889$1,803,531
89$2,112,048$628,270$392,751$1,930,042
90$2,280,711$612,289$359,142$2,068,172
91$2,465,104$594,052$322,934$2,219,088
92$2,666,786$573,401$283,993$2,384,074
93$2,887,472$550,172$242,181$2,564,550
94$3,129,051$524,187$197,351$2,762,079
95$3,393,603$495,261$149,351$2,978,383
96$3,683,419$463,198$98,023$3,215,361
97$4,001,023$427,789$43,202$3,475,109
98$4,349,191$388,815$0$3,759,933
99$4,730,985$346,044$0$4,073,523
100$5,149,774$299,229$0$4,421,057