Can I retire at age 73 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$54,254$53,771$53,300$52,839$52,390$50,815
2 years$26,859$26,358$25,874$25,404$24,948$23,374
3 years$17,728$17,226$16,742$16,276$15,828$14,305
4 years$13,163$12,663$12,184$11,726$11,289$9,828
5 years$10,425$9,928$9,455$9,007$8,581$7,187
6 years$8,601$8,107$7,641$7,203$6,790$5,464
7 years$7,298$6,808$6,350$5,922$5,522$4,264
8 years$6,321$5,836$5,385$4,968$4,581$3,389
9 years$5,562$5,081$4,638$4,231$3,858$2,732
10 years$4,955$4,479$4,044$3,647$3,287$2,225
11 years$4,459$3,987$3,560$3,174$2,827$1,827
12 years$4,045$3,579$3,159$2,784$2,450$1,510
13 years$3,696$3,234$2,823$2,458$2,136$1,255
14 years$3,396$2,940$2,536$2,182$1,873$1,047
15 years$3,137$2,685$2,290$1,946$1,649$876
16 years$2,911$2,464$2,076$1,742$1,457$735
17 years$2,711$2,269$1,889$1,566$1,292$619
18 years$2,534$2,097$1,725$1,411$1,149$522
19 years$2,375$1,943$1,579$1,275$1,024$441
20 years$2,233$1,806$1,449$1,155$915$372
21 years$2,104$1,682$1,333$1,048$819$315
22 years$1,987$1,570$1,228$953$734$267
23 years$1,881$1,468$1,134$868$659$227
24 years$1,783$1,376$1,049$791$592$192
25 years$1,694$1,291$971$723$533$163
26 years$1,611$1,213$901$661$480$139
27 years$1,535$1,142$837$605$433$118
28 years$1,464$1,076$778$554$390$100
29 years$1,399$1,015$724$508$352$85
30 years$1,337$959$674$466$318$72
31 years$1,280$906$629$428$288$62
32 years$1,227$858$586$394$260$52
33 years$1,177$812$548$362$236$45
34 years$1,130$770$512$333$213$38
35 years$1,085$730$478$307$193$32
36 years$1,043$693$447$282$175$28
37 years$1,004$658$419$260$159$23
38 years$967$625$392$240$144$20
39 years$932$595$367$221$131$17
40 years$898$566$344$204$118$14
41 years$867$539$323$188$107$12
42 years$836$513$303$174$97$10
43 years$808$489$284$160$88$9
44 years$781$466$267$148$80$8
45 years$755$444$251$137$73$6
46 years$730$424$235$126$66$6
47 years$706$404$221$117$60$5
48 years$684$386$208$108$55$4
49 years$662$369$195$100$50$3
50 years$641$352$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $657,000, adding $6,707 every year, while hoping to spend $25,823 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: 73/9/18 Blend
72$657,000$657,000$657,000$657,000
73$730,932$696,111$685,928$780,741
74$778,012$702,745$681,431$821,325
75$829,028$708,839$675,918$861,989
76$884,355$714,338$669,327$905,866
77$944,405$719,186$661,595$953,271
78$1,009,630$723,322$652,654$1,004,550
79$1,080,528$726,681$642,434$1,060,083
80$1,157,647$729,193$630,861$1,120,293
81$1,241,590$730,786$617,857$1,185,641
82$1,333,019$731,382$603,343$1,256,640
83$1,432,665$730,898$587,233$1,333,853
84$1,541,331$729,246$569,439$1,417,901
85$1,659,901$726,333$549,869$1,509,470
86$1,789,347$722,059$528,426$1,609,315
87$1,930,741$716,321$505,009$1,718,270
88$2,085,262$709,006$479,513$1,837,252
89$2,254,208$699,997$451,826$1,967,275
90$2,439,009$689,168$421,833$2,109,454
91$2,641,237$676,387$389,414$2,265,022
92$2,862,627$661,514$354,443$2,435,336
93$3,105,086$644,399$316,788$2,621,892
94$3,370,715$624,885$276,311$2,826,341
95$3,661,830$602,806$232,869$3,050,501
96$3,980,978$577,984$186,311$3,296,379
97$4,330,967$550,235$136,482$3,566,187
98$4,714,888$519,359$83,217$3,862,363
99$5,136,148$485,149$26,346$4,187,594
100$5,598,496$447,383$0$4,544,846