Can I retire at age 73 with 665,000?

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 $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%13.5%
1 years$54,915$54,426$53,949$53,483$53,028$52,257
2 years$27,186$26,679$26,189$25,713$25,251$24,476
3 years$17,944$17,435$16,946$16,475$16,021$15,265
4 years$13,324$12,817$12,332$11,869$11,426$10,697
5 years$10,552$10,049$9,570$9,117$8,686$7,984
6 years$8,705$8,205$7,734$7,291$6,873$6,200
7 years$7,387$6,891$6,427$5,994$5,589$4,946
8 years$6,398$5,907$5,451$5,028$4,637$4,022
9 years$5,630$5,143$4,695$4,283$3,905$3,319
10 years$5,015$4,533$4,093$3,692$3,327$2,769
11 years$4,513$4,036$3,603$3,213$2,862$2,331
12 years$4,094$3,622$3,198$2,818$2,480$1,976
13 years$3,741$3,273$2,857$2,488$2,162$1,685
14 years$3,438$2,975$2,567$2,209$1,896$1,443
15 years$3,175$2,718$2,318$1,970$1,669$1,241
16 years$2,946$2,494$2,101$1,764$1,475$1,071
17 years$2,744$2,297$1,912$1,585$1,308$927
18 years$2,565$2,122$1,746$1,428$1,163$804
19 years$2,404$1,967$1,598$1,290$1,037$699
20 years$2,260$1,828$1,467$1,169$926$609
21 years$2,130$1,702$1,349$1,061$829$531
22 years$2,012$1,589$1,243$964$743$464
23 years$1,904$1,486$1,148$878$667$405
24 years$1,805$1,393$1,062$801$599$355
25 years$1,714$1,307$983$732$539$311
26 years$1,631$1,228$912$669$486$272
27 years$1,554$1,156$847$612$438$239
28 years$1,482$1,089$787$561$395$210
29 years$1,416$1,028$733$514$357$184
30 years$1,354$970$682$472$322$162
31 years$1,296$917$636$434$291$142
32 years$1,242$868$594$398$264$125
33 years$1,191$822$554$366$239$110
34 years$1,143$779$518$337$216$96
35 years$1,098$739$484$310$196$85
36 years$1,056$701$453$286$177$75
37 years$1,016$666$424$263$161$66
38 years$979$633$397$243$146$58
39 years$943$602$372$224$132$51
40 years$909$573$349$206$120$45
41 years$877$545$327$190$109$39
42 years$847$519$307$176$99$35
43 years$818$495$288$162$90$31
44 years$790$472$270$150$81$27
45 years$764$450$254$138$74$24
46 years$739$429$238$128$67$21
47 years$715$409$224$118$61$18
48 years$692$391$210$109$55$16
49 years$670$373$198$101$50$14
50 years$649$357$186$93$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $665,000, adding $2,813 every year, while hoping to spend $33,692 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: 50/37/13 Blend
72$665,000$665,000$665,000$665,000
73$735,732$700,487$690,179$769,784
74$774,928$698,962$677,452$791,927
75$816,994$696,234$663,169$812,210
76$862,185$692,208$647,244$833,494
77$910,784$686,782$629,583$855,882
78$963,102$679,852$610,091$879,491
79$1,019,477$671,304$588,668$904,451
80$1,080,284$661,018$565,208$930,909
81$1,145,932$648,868$539,603$959,025
82$1,216,875$634,719$511,737$988,982
83$1,293,606$618,430$481,490$1,020,981
84$1,376,670$599,850$448,737$1,055,247
85$1,466,668$578,820$413,347$1,092,032
86$1,564,257$555,171$375,183$1,131,614
87$1,670,162$528,725$334,102$1,174,304
88$1,785,179$499,293$289,955$1,220,448
89$1,910,185$466,676$242,586$1,270,430
90$2,046,143$430,662$191,832$1,324,678
91$2,194,114$391,030$137,522$1,383,667
92$2,355,265$347,541$79,481$1,447,925
93$2,530,880$299,949$17,521$1,518,037
94$2,722,372$247,989$0$1,594,654
95$2,931,297$191,383$0$1,685,241
96$3,159,366$129,837$0$1,786,887
97$3,408,464$63,042$0$1,898,079
98$3,680,665$0$0$2,019,832
99$3,978,254$0$0$2,157,068
100$4,303,745$0$0$2,335,313