Can I retire at age 73 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$54,832$54,344$53,868$53,402$52,948$51,858
2 years$27,145$26,639$26,149$25,674$25,213$24,120
3 years$17,917$17,409$16,920$16,450$15,996$14,934
4 years$13,304$12,797$12,314$11,851$11,409$10,385
5 years$10,537$10,033$9,556$9,103$8,673$7,691
6 years$8,692$8,193$7,723$7,280$6,862$5,924
7 years$7,376$6,880$6,418$5,985$5,581$4,686
8 years$6,389$5,898$5,443$5,021$4,630$3,778
9 years$5,621$5,135$4,688$4,276$3,899$3,089
10 years$5,008$4,526$4,087$3,686$3,322$2,554
11 years$4,506$4,030$3,598$3,208$2,857$2,130
12 years$4,088$3,617$3,193$2,814$2,476$1,788
13 years$3,735$3,268$2,853$2,484$2,159$1,510
14 years$3,433$2,971$2,563$2,205$1,893$1,280
15 years$3,171$2,714$2,314$1,967$1,666$1,090
16 years$2,942$2,490$2,098$1,761$1,473$931
17 years$2,740$2,293$1,909$1,582$1,306$797
18 years$2,561$2,119$1,743$1,426$1,161$684
19 years$2,401$1,964$1,596$1,288$1,035$588
20 years$2,257$1,825$1,464$1,167$924$506
21 years$2,127$1,700$1,347$1,059$827$436
22 years$2,009$1,587$1,241$963$742$377
23 years$1,901$1,484$1,146$877$666$326
24 years$1,802$1,390$1,060$800$598$282
25 years$1,712$1,305$982$730$538$244
26 years$1,628$1,226$911$668$485$211
27 years$1,551$1,154$846$611$437$183
28 years$1,480$1,088$786$560$395$159
29 years$1,413$1,026$732$514$356$137
30 years$1,352$969$681$471$322$119
31 years$1,294$916$635$433$291$104
32 years$1,240$867$593$398$263$90
33 years$1,189$821$553$366$238$78
34 years$1,142$778$517$337$216$68
35 years$1,097$738$483$310$195$59
36 years$1,055$700$452$285$177$51
37 years$1,015$665$423$263$160$44
38 years$977$632$396$242$145$39
39 years$942$601$371$223$132$34
40 years$908$572$348$206$120$29
41 years$876$544$326$190$109$25
42 years$845$518$306$176$98$22
43 years$816$494$287$162$89$19
44 years$789$471$270$150$81$17
45 years$763$449$253$138$74$14
46 years$738$428$238$128$67$13
47 years$714$409$223$118$61$11
48 years$691$390$210$109$55$10
49 years$669$373$197$101$50$8
50 years$648$356$186$93$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $664,000, adding $4,155 every year, while hoping to spend $44,924 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: 28/50/22 Blend
72$664,000$664,000$664,000$664,000
73$736,014$700,822$690,530$751,432
74$763,289$687,363$665,864$750,328
75$791,839$671,740$638,866$744,896
76$821,750$653,797$609,410$738,111
77$853,108$633,374$577,366$729,886
78$886,014$610,297$542,596$720,129
79$920,570$584,385$504,956$708,746
80$956,894$555,445$464,297$695,637
81$995,109$523,274$420,463$680,697
82$1,035,350$487,655$373,289$663,820
83$1,077,767$448,361$322,606$644,891
84$1,122,520$405,152$268,234$623,794
85$1,169,785$357,772$209,987$600,408
86$1,219,753$305,953$147,672$574,606
87$1,272,633$249,410$81,084$546,258
88$1,328,654$187,843$10,012$515,228
89$1,388,064$120,934$0$481,378
90$1,451,137$48,350$0$460,016
91$1,518,170$0$0$439,054
92$1,589,489$0$0$432,694
93$1,665,451$0$0$454,314
94$1,746,448$0$0$477,429
95$1,832,907$0$0$502,171
96$1,925,296$0$0$528,682
97$2,024,130$0$0$557,118
98$2,129,973$0$0$587,653
99$2,243,442$0$0$620,473
100$2,365,215$0$0$655,787