Can I retire at age 73 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$55,576$55,081$54,598$54,126$53,666$53,440
2 years$27,513$27,000$26,504$26,022$25,555$25,327
3 years$18,160$17,645$17,150$16,673$16,213$15,990
4 years$13,484$12,971$12,481$12,012$11,563$11,347
5 years$10,679$10,169$9,685$9,226$8,790$8,581
6 years$8,810$8,304$7,827$7,378$6,956$6,754
7 years$7,476$6,974$6,504$6,066$5,657$5,462
8 years$6,475$5,978$5,516$5,089$4,693$4,506
9 years$5,697$5,205$4,751$4,334$3,952$3,773
10 years$5,076$4,588$4,142$3,736$3,367$3,196
11 years$4,567$4,084$3,647$3,252$2,896$2,732
12 years$4,144$3,666$3,236$2,852$2,510$2,353
13 years$3,786$3,313$2,891$2,518$2,188$2,039
14 years$3,479$3,011$2,598$2,235$1,918$1,776
15 years$3,214$2,751$2,346$1,993$1,689$1,553
16 years$2,982$2,524$2,127$1,785$1,493$1,364
17 years$2,777$2,324$1,935$1,604$1,324$1,201
18 years$2,596$2,148$1,767$1,445$1,177$1,060
19 years$2,433$1,991$1,617$1,306$1,049$939
20 years$2,287$1,850$1,484$1,183$937$832
21 years$2,155$1,723$1,365$1,073$838$739
22 years$2,036$1,608$1,258$976$752$658
23 years$1,927$1,504$1,162$889$675$586
24 years$1,827$1,409$1,074$811$606$523
25 years$1,735$1,323$995$740$546$467
26 years$1,651$1,243$923$677$492$418
27 years$1,572$1,170$857$620$443$373
28 years$1,500$1,102$797$568$400$334
29 years$1,433$1,040$741$521$361$300
30 years$1,370$982$691$478$326$269
31 years$1,311$928$644$439$295$241
32 years$1,257$878$601$403$267$216
33 years$1,205$832$561$371$241$194
34 years$1,157$788$524$341$219$174
35 years$1,112$748$490$314$198$156
36 years$1,069$710$458$289$179$141
37 years$1,029$674$429$267$163$126
38 years$990$641$402$246$147$114
39 years$954$609$376$227$134$102
40 years$920$580$353$209$121$92
41 years$888$552$331$193$110$83
42 years$857$525$310$178$100$74
43 years$828$501$291$164$91$67
44 years$800$477$273$152$82$60
45 years$773$455$257$140$75$54
46 years$748$434$241$129$68$49
47 years$723$414$226$120$62$44
48 years$700$396$213$110$56$40
49 years$678$378$200$102$51$36
50 years$657$361$188$94$46$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $673,000, adding $6,896 every year, while hoping to spend $30,218 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: 56/27/17 Blend
72$673,000$673,000$673,000$673,000
73$748,759$713,090$702,659$786,956
74$792,981$715,880$694,046$816,508
75$840,701$717,794$684,132$844,834
76$892,243$718,756$672,841$875,010
77$947,965$718,689$660,095$907,221
78$1,008,259$717,506$645,810$941,669
79$1,073,556$715,119$629,899$978,582
80$1,144,332$711,432$612,274$1,018,207
81$1,221,106$706,345$592,837$1,060,823
82$1,304,453$699,750$571,492$1,106,736
83$1,395,004$691,534$548,133$1,156,284
84$1,493,451$681,577$522,653$1,209,843
85$1,600,560$669,750$494,938$1,267,828
86$1,717,169$655,920$464,870$1,330,698
87$1,844,202$639,942$432,326$1,398,961
88$1,982,677$621,666$397,175$1,473,180
89$2,133,714$600,931$359,284$1,553,977
90$2,298,543$577,567$318,510$1,642,038
91$2,478,522$551,395$274,707$1,738,124
92$2,675,142$522,224$227,721$1,843,076
93$2,890,048$489,855$177,391$1,957,822
94$3,125,048$454,073$123,549$2,083,390
95$3,382,135$414,655$66,020$2,220,915
96$3,663,502$371,363$4,622$2,371,651
97$3,971,566$323,945$0$2,536,984
98$4,308,985$272,138$0$2,729,494
99$4,678,688$215,660$0$2,941,437
100$5,083,903$154,215$0$3,173,880