Can I retire at age 73 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$55,245$54,753$54,273$53,805$53,347$53,055
2 years$27,349$26,840$26,346$25,868$25,403$25,109
3 years$18,052$17,540$17,048$16,574$16,117$15,829
4 years$13,404$12,894$12,406$11,940$11,495$11,216
5 years$10,616$10,109$9,628$9,171$8,738$8,468
6 years$8,758$8,255$7,781$7,334$6,914$6,654
7 years$7,431$6,932$6,466$6,030$5,623$5,373
8 years$6,437$5,942$5,484$5,058$4,665$4,425
9 years$5,664$5,174$4,723$4,309$3,929$3,699
10 years$5,045$4,560$4,118$3,714$3,347$3,127
11 years$4,540$4,060$3,625$3,232$2,879$2,668
12 years$4,119$3,644$3,217$2,835$2,495$2,294
13 years$3,763$3,293$2,874$2,503$2,175$1,984
14 years$3,458$2,993$2,583$2,222$1,907$1,725
15 years$3,195$2,734$2,332$1,982$1,679$1,505
16 years$2,964$2,509$2,114$1,774$1,484$1,319
17 years$2,761$2,311$1,924$1,594$1,316$1,159
18 years$2,580$2,135$1,756$1,437$1,170$1,021
19 years$2,419$1,979$1,608$1,298$1,043$902
20 years$2,274$1,839$1,475$1,176$931$798
21 years$2,143$1,713$1,357$1,067$834$708
22 years$2,024$1,599$1,251$970$747$628
23 years$1,915$1,495$1,155$884$671$559
24 years$1,816$1,401$1,068$806$603$497
25 years$1,725$1,315$989$736$542$443
26 years$1,641$1,236$917$673$489$395
27 years$1,563$1,163$852$616$441$353
28 years$1,491$1,096$792$564$397$315
29 years$1,424$1,034$737$518$359$281
30 years$1,362$976$686$475$324$252
31 years$1,304$923$640$436$293$225
32 years$1,249$873$597$401$265$202
33 years$1,198$827$558$369$240$180
34 years$1,150$784$521$339$217$162
35 years$1,105$743$487$312$197$145
36 years$1,063$706$456$288$178$130
37 years$1,022$670$426$265$162$116
38 years$985$637$399$244$147$104
39 years$949$606$374$225$133$94
40 years$915$576$351$208$121$84
41 years$882$548$329$192$109$75
42 years$852$522$308$177$99$68
43 years$823$498$289$163$90$61
44 years$795$474$272$151$82$54
45 years$768$452$255$139$74$49
46 years$743$432$240$129$67$44
47 years$719$412$225$119$61$39
48 years$696$393$212$110$56$35
49 years$674$375$199$101$50$32
50 years$653$359$187$94$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $669,000, adding $5,161 every year, while hoping to spend $52,405 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: 69/26/5 Blend
72$669,000$669,000$669,000$669,000
73$742,562$707,105$696,735$793,037
74$762,544$685,994$664,317$805,978
75$782,809$662,093$629,057$813,195
76$803,329$635,209$590,804$819,642
77$824,073$605,139$549,400$825,233
78$845,005$571,667$504,682$829,874
79$866,084$534,568$456,477$833,461
80$887,263$493,599$404,607$835,884
81$908,485$448,507$348,883$837,023
82$929,690$399,024$289,110$836,747
83$950,808$344,865$225,084$834,915
84$971,757$285,730$156,591$831,373
85$992,448$221,302$83,409$825,956
86$1,012,778$151,247$5,304$818,482
87$1,032,635$75,211$0$808,755
88$1,051,888$0$0$800,727
89$1,070,393$0$0$792,631
90$1,087,990$0$0$805,340
91$1,104,496$0$0$817,200
92$1,119,710$0$0$828,055
93$1,133,406$0$0$837,734
94$1,145,333$0$0$846,045
95$1,155,211$0$0$852,773
96$1,162,728$0$0$857,681
97$1,167,536$0$0$860,505
98$1,169,251$0$0$860,950
99$1,167,443$0$0$858,689
100$1,161,637$0$0$853,360