Can I retire at age 73 with 665,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$54,915$54,426$53,949$53,483$53,028$51,894
2 years$27,186$26,679$26,189$25,713$25,251$24,114
3 years$17,944$17,435$16,946$16,475$16,021$14,916
4 years$13,324$12,817$12,332$11,869$11,426$10,362
5 years$10,552$10,049$9,570$9,117$8,686$7,666
6 years$8,705$8,205$7,734$7,291$6,873$5,898
7 years$7,387$6,891$6,427$5,994$5,589$4,660
8 years$6,398$5,907$5,451$5,028$4,637$3,753
9 years$5,630$5,143$4,695$4,283$3,905$3,065
10 years$5,015$4,533$4,093$3,692$3,327$2,531
11 years$4,513$4,036$3,603$3,213$2,862$2,108
12 years$4,094$3,622$3,198$2,818$2,480$1,767
13 years$3,741$3,273$2,857$2,488$2,162$1,490
14 years$3,438$2,975$2,567$2,209$1,896$1,262
15 years$3,175$2,718$2,318$1,970$1,669$1,073
16 years$2,946$2,494$2,101$1,764$1,475$915
17 years$2,744$2,297$1,912$1,585$1,308$782
18 years$2,565$2,122$1,746$1,428$1,163$670
19 years$2,404$1,967$1,598$1,290$1,037$575
20 years$2,260$1,828$1,467$1,169$926$495
21 years$2,130$1,702$1,349$1,061$829$426
22 years$2,012$1,589$1,243$964$743$367
23 years$1,904$1,486$1,148$878$667$317
24 years$1,805$1,393$1,062$801$599$273
25 years$1,714$1,307$983$732$539$236
26 years$1,631$1,228$912$669$486$204
27 years$1,554$1,156$847$612$438$177
28 years$1,482$1,089$787$561$395$153
29 years$1,416$1,028$733$514$357$132
30 years$1,354$970$682$472$322$115
31 years$1,296$917$636$434$291$99
32 years$1,242$868$594$398$264$86
33 years$1,191$822$554$366$239$75
34 years$1,143$779$518$337$216$65
35 years$1,098$739$484$310$196$56
36 years$1,056$701$453$286$177$49
37 years$1,016$666$424$263$161$42
38 years$979$633$397$243$146$37
39 years$943$602$372$224$132$32
40 years$909$573$349$206$120$28
41 years$877$545$327$190$109$24
42 years$847$519$307$176$99$21
43 years$818$495$288$162$90$18
44 years$790$472$270$150$81$16
45 years$764$450$254$138$74$14
46 years$739$429$238$128$67$12
47 years$715$409$224$118$61$10
48 years$692$391$210$109$55$9
49 years$670$373$198$101$50$8
50 years$649$357$186$93$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $665,000, adding $6,428 every year, while hoping to spend $44,872 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: 64/18/18 Blend
72$665,000$665,000$665,000$665,000
73$739,460$704,215$693,908$783,053
74$767,142$690,979$669,410$799,877
75$796,143$675,589$642,588$812,555
76$826,551$657,894$613,316$825,339
77$858,460$637,732$581,464$838,240
78$891,974$614,932$546,893$851,272
79$927,203$589,312$509,462$864,454
80$964,270$560,680$469,021$877,808
81$1,003,306$528,833$425,414$891,359
82$1,044,455$493,558$378,477$905,138
83$1,087,874$454,627$328,040$919,181
84$1,133,733$411,800$273,926$933,530
85$1,182,219$364,823$215,948$948,235
86$1,233,536$313,430$153,912$963,353
87$1,287,904$257,336$87,616$978,948
88$1,345,568$196,243$16,849$995,097
89$1,406,791$129,834$0$1,011,886
90$1,471,865$57,777$0$1,040,682
91$1,541,106$0$0$1,074,516
92$1,614,862$0$0$1,114,339
93$1,693,512$0$0$1,169,035
94$1,777,474$0$0$1,227,452
95$1,867,203$0$0$1,289,912
96$1,963,200$0$0$1,356,767
97$2,066,013$0$0$1,428,402
98$2,176,245$0$0$1,505,242
99$2,294,554$0$0$1,587,750
100$2,421,664$0$0$1,676,436