Can I retire at age 73 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$53,842$53,362$52,894$52,437$51,991$51,751
2 years$26,654$26,158$25,677$25,210$24,758$24,515
3 years$17,593$17,094$16,615$16,152$15,707$15,470
4 years$13,063$12,566$12,091$11,637$11,203$10,972
5 years$10,346$9,852$9,383$8,938$8,516$8,293
6 years$8,535$8,045$7,583$7,148$6,738$6,524
7 years$7,242$6,756$6,302$5,877$5,480$5,273
8 years$6,273$5,791$5,344$4,930$4,546$4,348
9 years$5,520$5,042$4,603$4,199$3,829$3,638
10 years$4,917$4,445$4,013$3,620$3,262$3,080
11 years$4,425$3,957$3,533$3,150$2,806$2,631
12 years$4,014$3,551$3,135$2,763$2,431$2,265
13 years$3,668$3,209$2,801$2,439$2,120$1,961
14 years$3,371$2,917$2,517$2,165$1,858$1,707
15 years$3,113$2,665$2,272$1,931$1,636$1,492
16 years$2,889$2,445$2,060$1,729$1,446$1,309
17 years$2,690$2,252$1,875$1,554$1,282$1,152
18 years$2,515$2,081$1,711$1,400$1,140$1,017
19 years$2,357$1,928$1,567$1,265$1,016$899
20 years$2,216$1,792$1,438$1,146$908$797
21 years$2,088$1,669$1,323$1,040$812$707
22 years$1,972$1,558$1,219$946$728$629
23 years$1,867$1,457$1,126$861$654$560
24 years$1,770$1,365$1,041$785$587$499
25 years$1,681$1,281$964$717$529$445
26 years$1,599$1,204$894$656$476$398
27 years$1,523$1,133$830$600$429$356
28 years$1,453$1,068$772$550$387$318
29 years$1,388$1,007$718$504$350$285
30 years$1,327$951$669$463$316$255
31 years$1,270$899$624$425$286$229
32 years$1,217$851$582$391$258$205
33 years$1,168$806$543$359$234$184
34 years$1,121$764$508$331$212$165
35 years$1,077$725$475$304$192$148
36 years$1,036$688$444$280$174$133
37 years$996$653$416$258$158$119
38 years$959$621$389$238$143$107
39 years$925$590$365$219$130$96
40 years$891$562$342$202$117$87
41 years$860$535$320$187$107$78
42 years$830$509$301$172$97$70
43 years$802$485$282$159$88$63
44 years$775$462$265$147$80$57
45 years$749$441$249$136$72$51
46 years$724$421$234$125$66$46
47 years$701$401$219$116$60$41
48 years$679$383$206$107$54$37
49 years$657$366$194$99$49$33
50 years$637$350$182$91$45$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $652,000, adding $2,754 every year, while hoping to spend $32,884 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: 62/21/17 Blend
72$652,000$652,000$652,000$652,000
73$721,345$686,789$676,683$762,809
74$759,934$685,453$664,363$789,713
75$801,356$682,950$650,529$815,120
76$845,867$679,187$635,094$842,081
77$893,746$674,067$617,970$870,750
78$945,298$667,487$599,063$901,297
79$1,000,862$659,337$578,274$933,911
80$1,060,805$649,500$555,502$968,801
81$1,125,536$637,854$530,639$1,006,198
82$1,195,499$624,267$503,575$1,046,361
83$1,271,186$608,603$474,191$1,089,572
84$1,353,137$590,713$442,365$1,136,147
85$1,441,943$570,445$407,971$1,186,434
86$1,538,257$547,633$370,874$1,240,820
87$1,642,797$522,104$330,936$1,299,731
88$1,756,350$493,675$288,010$1,363,641
89$1,879,784$462,151$241,945$1,433,073
90$2,014,053$427,328$192,581$1,508,606
91$2,160,208$388,988$139,754$1,590,881
92$2,319,403$346,903$83,289$1,680,606
93$2,492,910$300,829$23,007$1,778,564
94$2,682,127$250,510$0$1,885,623
95$2,888,596$195,677$0$2,010,236
96$3,114,010$136,042$0$2,150,907
97$3,360,237$71,306$0$2,304,668
98$3,629,329$1,148$0$2,472,850
99$3,923,548$0$0$2,656,925
100$4,245,385$0$0$2,875,794