Can I retire at age 73 with 680,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$56,154$55,654$55,166$54,689$54,224$52,913
2 years$27,799$27,281$26,779$26,293$25,821$24,508
3 years$18,349$17,829$17,328$16,846$16,382$15,108
4 years$13,624$13,106$12,610$12,137$11,684$10,459
5 years$10,790$10,275$9,786$9,322$8,882$7,709
6 years$8,902$8,390$7,909$7,455$7,028$5,909
7 years$7,553$7,046$6,572$6,129$5,716$4,650
8 years$6,542$6,040$5,574$5,142$4,742$3,729
9 years$5,757$5,259$4,801$4,379$3,993$3,033
10 years$5,128$4,635$4,185$3,775$3,402$2,494
11 years$4,615$4,127$3,685$3,286$2,926$2,068
12 years$4,187$3,704$3,270$2,882$2,536$1,726
13 years$3,825$3,347$2,922$2,544$2,211$1,448
14 years$3,515$3,043$2,625$2,258$1,938$1,221
15 years$3,247$2,779$2,370$2,014$1,707$1,033
16 years$3,013$2,550$2,149$1,803$1,508$876
17 years$2,806$2,348$1,955$1,620$1,337$745
18 years$2,622$2,170$1,785$1,460$1,189$635
19 years$2,459$2,011$1,634$1,320$1,060$543
20 years$2,311$1,869$1,500$1,195$947$464
21 years$2,178$1,741$1,379$1,085$847$397
22 years$2,057$1,625$1,271$986$759$341
23 years$1,947$1,520$1,174$898$682$292
24 years$1,846$1,424$1,086$819$613$251
25 years$1,753$1,336$1,005$748$551$216
26 years$1,668$1,256$933$684$497$185
27 years$1,589$1,182$866$626$448$160
28 years$1,516$1,114$805$574$404$137
29 years$1,448$1,051$749$526$365$118
30 years$1,384$992$698$483$330$102
31 years$1,325$938$651$443$298$88
32 years$1,270$888$607$407$270$76
33 years$1,218$841$567$375$244$65
34 years$1,169$797$530$345$221$56
35 years$1,123$756$495$317$200$48
36 years$1,080$717$463$292$181$42
37 years$1,039$681$433$269$164$36
38 years$1,001$647$406$248$149$31
39 years$964$616$380$229$135$27
40 years$930$586$356$211$123$23
41 years$897$558$334$195$111$20
42 years$866$531$314$180$101$17
43 years$836$506$294$166$92$15
44 years$808$482$276$153$83$13
45 years$781$460$259$141$75$11
46 years$755$439$244$131$68$9
47 years$731$419$229$121$62$8
48 years$708$400$215$112$56$7
49 years$685$382$202$103$51$6
50 years$664$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $680,000, adding $6,404 every year, while hoping to spend $30,930 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: 39/45/16 Blend
72$680,000$680,000$680,000$680,000
73$755,966$719,926$709,386$781,600
74$800,165$722,293$700,241$802,856
75$847,836$723,739$689,753$822,362
76$899,300$724,187$677,845$842,795
77$954,910$723,554$664,434$864,253
78$1,015,055$721,752$649,437$886,848
79$1,080,161$718,689$632,763$910,705
80$1,150,698$714,265$614,321$935,963
81$1,227,180$708,375$594,012$962,779
82$1,310,176$700,909$571,735$991,327
83$1,400,309$691,748$547,383$1,021,803
84$1,498,265$680,768$520,844$1,054,423
85$1,604,798$667,836$492,003$1,089,430
86$1,720,740$652,813$460,738$1,127,096
87$1,847,005$635,549$426,921$1,167,722
88$1,984,596$615,888$390,421$1,211,643
89$2,134,622$593,664$351,097$1,259,235
90$2,298,300$568,700$308,805$1,310,914
91$2,476,970$540,809$263,393$1,367,142
92$2,672,108$509,796$214,704$1,428,436
93$2,885,338$475,452$162,572$1,495,367
94$3,118,450$437,556$106,825$1,568,572
95$3,373,411$395,875$47,283$1,648,757
96$3,652,390$350,164$0$1,736,708
97$3,957,773$300,162$0$1,836,070
98$4,292,191$245,595$0$1,953,830
99$4,658,536$186,171$0$2,083,013
100$5,059,999$121,585$0$2,224,844