Can I retire at age 73 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$55,989$55,490$55,003$54,528$54,065$52,418
2 years$27,717$27,201$26,701$26,216$25,745$24,100
3 years$18,295$17,776$17,277$16,797$16,334$14,742
4 years$13,584$13,067$12,573$12,101$11,649$10,123
5 years$10,759$10,245$9,757$9,295$8,856$7,400
6 years$8,876$8,366$7,885$7,433$7,007$5,622
7 years$7,531$7,026$6,553$6,111$5,699$4,384
8 years$6,523$6,022$5,557$5,126$4,728$3,484
9 years$5,740$5,243$4,787$4,367$3,981$2,806
10 years$5,113$4,622$4,173$3,764$3,392$2,284
11 years$4,601$4,115$3,674$3,276$2,917$1,874
12 years$4,174$3,693$3,260$2,873$2,528$1,548
13 years$3,814$3,337$2,913$2,537$2,205$1,285
14 years$3,505$3,034$2,617$2,252$1,933$1,071
15 years$3,238$2,771$2,363$2,008$1,702$896
16 years$3,004$2,543$2,142$1,798$1,504$752
17 years$2,798$2,342$1,950$1,616$1,333$632
18 years$2,615$2,164$1,780$1,456$1,186$533
19 years$2,451$2,005$1,629$1,316$1,057$449
20 years$2,304$1,863$1,495$1,192$944$380
21 years$2,172$1,736$1,375$1,081$845$321
22 years$2,051$1,620$1,268$983$757$272
23 years$1,941$1,515$1,170$895$680$230
24 years$1,840$1,420$1,082$817$611$195
25 years$1,748$1,332$1,003$746$550$166
26 years$1,663$1,252$930$682$495$141
27 years$1,584$1,179$863$624$446$119
28 years$1,511$1,111$803$572$403$101
29 years$1,443$1,048$747$524$364$86
30 years$1,380$989$696$481$329$73
31 years$1,321$935$649$442$297$62
32 years$1,266$885$605$406$269$53
33 years$1,214$838$565$374$243$45
34 years$1,166$794$528$344$220$38
35 years$1,120$753$494$316$199$33
36 years$1,077$715$462$291$181$28
37 years$1,036$679$432$269$164$24
38 years$998$645$405$248$149$20
39 years$961$614$379$228$135$17
40 years$927$584$355$210$122$15
41 years$894$556$333$194$111$12
42 years$863$529$313$179$101$11
43 years$834$504$293$165$91$9
44 years$806$481$275$153$83$8
45 years$779$458$259$141$75$6
46 years$753$437$243$130$68$6
47 years$729$417$228$120$62$5
48 years$706$398$214$111$56$4
49 years$683$381$202$103$51$3
50 years$662$363$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $678,000, adding $6,370 every year, while hoping to spend $31,114 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: 55/30/15 Blend
72$678,000$678,000$678,000$678,000
73$753,727$717,793$707,284$791,872
74$797,502$719,859$697,873$820,603
75$844,699$720,985$687,103$847,973
76$895,635$721,089$674,898$877,068
77$950,656$720,090$661,174$908,059
78$1,010,146$717,897$645,846$941,135
79$1,074,523$714,415$628,823$976,509
80$1,144,248$709,546$610,013$1,014,414
81$1,219,830$703,182$589,317$1,055,108
82$1,301,825$695,210$566,631$1,098,878
83$1,390,847$685,511$541,849$1,146,041
84$1,487,570$673,959$514,859$1,196,950
85$1,592,738$660,418$485,542$1,251,994
86$1,707,166$644,747$453,776$1,311,604
87$1,831,752$626,796$419,433$1,376,257
88$1,967,486$606,404$382,379$1,446,482
89$2,115,455$583,402$342,474$1,522,863
90$2,276,856$557,614$299,572$1,606,048
91$2,453,007$528,849$253,519$1,696,751
92$2,645,359$496,907$204,157$1,795,765
93$2,855,508$461,578$151,319$1,903,966
94$3,085,213$422,639$94,831$2,022,321
95$3,336,408$379,852$34,512$2,151,901
96$3,611,226$332,968$0$2,293,891
97$3,912,011$281,724$0$2,454,378
98$4,241,348$225,841$0$2,636,234
99$4,602,083$165,024$0$2,835,563
100$4,997,349$98,963$0$3,054,164