Can I retire at age 73 with 680,000?

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 $680,000?

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%
1 years$56,154$55,654$55,166$54,689$54,224$53,973
2 years$27,799$27,281$26,779$26,293$25,821$25,567
3 years$18,349$17,829$17,328$16,846$16,382$16,134
4 years$13,624$13,106$12,610$12,137$11,684$11,443
5 years$10,790$10,275$9,786$9,322$8,882$8,649
6 years$8,902$8,390$7,909$7,455$7,028$6,804
7 years$7,553$7,046$6,572$6,129$5,716$5,500
8 years$6,542$6,040$5,574$5,142$4,742$4,535
9 years$5,757$5,259$4,801$4,379$3,993$3,795
10 years$5,128$4,635$4,185$3,775$3,402$3,212
11 years$4,615$4,127$3,685$3,286$2,926$2,744
12 years$4,187$3,704$3,270$2,882$2,536$2,362
13 years$3,825$3,347$2,922$2,544$2,211$2,045
14 years$3,515$3,043$2,625$2,258$1,938$1,780
15 years$3,247$2,779$2,370$2,014$1,707$1,556
16 years$3,013$2,550$2,149$1,803$1,508$1,365
17 years$2,806$2,348$1,955$1,620$1,337$1,202
18 years$2,622$2,170$1,785$1,460$1,189$1,060
19 years$2,459$2,011$1,634$1,320$1,060$938
20 years$2,311$1,869$1,500$1,195$947$831
21 years$2,178$1,741$1,379$1,085$847$738
22 years$2,057$1,625$1,271$986$759$656
23 years$1,947$1,520$1,174$898$682$584
24 years$1,846$1,424$1,086$819$613$521
25 years$1,753$1,336$1,005$748$551$465
26 years$1,668$1,256$933$684$497$415
27 years$1,589$1,182$866$626$448$371
28 years$1,516$1,114$805$574$404$332
29 years$1,448$1,051$749$526$365$297
30 years$1,384$992$698$483$330$266
31 years$1,325$938$651$443$298$238
32 years$1,270$888$607$407$270$214
33 years$1,218$841$567$375$244$192
34 years$1,169$797$530$345$221$172
35 years$1,123$756$495$317$200$154
36 years$1,080$717$463$292$181$139
37 years$1,039$681$433$269$164$124
38 years$1,001$647$406$248$149$112
39 years$964$616$380$229$135$100
40 years$930$586$356$211$123$90
41 years$897$558$334$195$111$81
42 years$866$531$314$180$101$73
43 years$836$506$294$166$92$66
44 years$808$482$276$153$83$59
45 years$781$460$259$141$75$53
46 years$755$439$244$131$68$48
47 years$731$419$229$121$62$43
48 years$708$400$215$112$56$39
49 years$685$382$202$103$51$35
50 years$664$365$190$95$47$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $680,000, adding $6,802 every year, while hoping to spend $40,870 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: 46/39/15 Blend
72$680,000$680,000$680,000$680,000
73$756,376$720,336$709,796$787,657
74$790,041$712,147$690,089$801,905
75$825,770$702,187$668,352$812,670
76$863,731$690,327$644,474$823,459
77$904,106$676,427$618,338$834,291
78$947,096$660,343$589,823$845,190
79$992,920$641,920$558,803$856,184
80$1,041,819$620,995$525,144$867,306
81$1,094,055$597,395$488,707$878,599
82$1,149,918$570,936$449,347$890,112
83$1,209,723$541,426$406,914$901,902
84$1,273,817$508,658$361,248$914,036
85$1,342,581$472,417$312,185$926,594
86$1,416,432$432,473$259,551$939,667
87$1,495,829$388,585$203,167$953,360
88$1,581,274$340,497$142,844$967,794
89$1,673,320$287,937$78,385$983,109
90$1,772,574$230,621$9,586$999,464
91$1,879,702$168,246$0$1,017,039
92$1,995,435$100,495$0$1,046,258
93$2,120,580$27,029$0$1,079,440
94$2,256,021$0$0$1,115,352
95$2,402,729$0$0$1,176,865
96$2,561,774$0$0$1,256,193
97$2,734,331$0$0$1,342,330
98$2,921,695$0$0$1,435,929
99$3,125,285$0$0$1,537,712
100$3,346,668$0$0$1,648,469