Can I retire at age 73 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$53,263$52,789$52,326$51,874$51,433$50,272
2 years$26,368$25,877$25,401$24,940$24,492$23,328
3 years$17,404$16,911$16,436$15,979$15,539$14,408
4 years$12,923$12,431$11,961$11,512$11,082$9,995
5 years$10,235$9,746$9,282$8,842$8,425$7,383
6 years$8,444$7,959$7,502$7,071$6,666$5,671
7 years$7,165$6,684$6,234$5,814$5,421$4,473
8 years$6,206$5,729$5,287$4,877$4,498$3,596
9 years$5,460$4,988$4,554$4,154$3,788$2,932
10 years$4,864$4,397$3,970$3,581$3,227$2,416
11 years$4,377$3,914$3,495$3,116$2,775$2,008
12 years$3,971$3,513$3,102$2,734$2,405$1,681
13 years$3,628$3,175$2,771$2,413$2,097$1,414
14 years$3,334$2,886$2,490$2,142$1,839$1,195
15 years$3,080$2,636$2,248$1,911$1,619$1,014
16 years$2,858$2,419$2,038$1,711$1,431$863
17 years$2,662$2,228$1,855$1,537$1,269$736
18 years$2,488$2,058$1,693$1,385$1,128$629
19 years$2,332$1,908$1,550$1,252$1,005$539
20 years$2,192$1,773$1,422$1,134$898$462
21 years$2,066$1,651$1,308$1,029$804$397
22 years$1,951$1,541$1,206$935$720$342
23 years$1,847$1,442$1,113$852$647$294
24 years$1,751$1,351$1,030$777$581$253
25 years$1,663$1,268$954$710$523$218
26 years$1,582$1,191$885$649$471$188
27 years$1,507$1,121$821$594$425$163
28 years$1,438$1,056$764$544$383$140
29 years$1,373$997$711$499$346$121
30 years$1,313$941$662$458$313$105
31 years$1,257$890$617$421$283$90
32 years$1,204$842$576$387$256$78
33 years$1,155$797$538$355$231$68
34 years$1,109$756$502$327$210$58
35 years$1,065$717$470$301$190$51
36 years$1,024$680$439$277$172$44
37 years$986$646$411$255$156$38
38 years$949$614$385$235$141$33
39 years$915$584$361$217$128$28
40 years$882$556$338$200$116$25
41 years$851$529$317$185$105$21
42 years$821$504$297$171$96$18
43 years$793$480$279$157$87$16
44 years$766$457$262$145$79$14
45 years$741$436$246$134$72$12
46 years$717$416$231$124$65$10
47 years$693$397$217$115$59$9
48 years$671$379$204$106$54$8
49 years$650$362$192$98$49$7
50 years$630$346$180$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $645,000, adding $2,849 every year, while hoping to spend $39,970 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: 74/16/10 Blend
72$645,000$645,000$645,000$645,000
73$713,729$679,544$669,546$765,029
74$744,001$670,314$649,448$790,030
75$776,022$659,292$627,337$812,123
76$809,927$646,348$603,104$835,215
77$845,865$631,344$576,633$859,391
78$883,998$614,135$547,806$884,748
79$924,505$594,566$516,496$911,391
80$967,579$572,474$482,573$939,439
81$1,013,432$547,686$445,900$969,021
82$1,062,299$520,019$406,334$1,000,282
83$1,114,433$489,280$363,725$1,033,382
84$1,170,113$455,263$317,918$1,068,498
85$1,229,646$417,752$268,750$1,105,827
86$1,293,368$376,520$216,051$1,145,587
87$1,361,645$331,323$159,642$1,188,019
88$1,434,882$281,906$99,339$1,233,389
89$1,513,521$228,001$34,948$1,281,995
90$1,598,048$169,321$0$1,334,162
91$1,688,996$105,565$0$1,393,858
92$1,786,951$36,415$0$1,462,095
93$1,892,557$0$0$1,535,608
94$2,006,519$0$0$1,621,685
95$2,129,615$0$0$1,721,607
96$2,262,697$0$0$1,829,659
97$2,406,703$0$0$1,946,604
98$2,562,664$0$0$2,073,282
99$2,731,713$0$0$2,210,618
100$2,915,096$0$0$2,359,626