Can I retire at age 73 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$56,236$55,735$55,247$54,770$54,304$52,232
2 years$27,840$27,321$26,819$26,332$25,859$23,796
3 years$18,375$17,855$17,354$16,871$16,406$14,417
4 years$13,644$13,125$12,629$12,155$11,701$9,800
5 years$10,806$10,290$9,801$9,336$8,895$7,088
6 years$8,915$8,403$7,920$7,466$7,038$5,327
7 years$7,564$7,057$6,582$6,138$5,724$4,107
8 years$6,552$6,049$5,582$5,149$4,749$3,225
9 years$5,765$5,267$4,808$4,386$3,999$2,566
10 years$5,136$4,642$4,191$3,781$3,407$2,062
11 years$4,621$4,133$3,690$3,290$2,930$1,671
12 years$4,193$3,709$3,275$2,886$2,539$1,362
13 years$3,831$3,352$2,926$2,548$2,214$1,115
14 years$3,521$3,047$2,629$2,262$1,941$917
15 years$3,252$2,783$2,374$2,017$1,709$756
16 years$3,017$2,554$2,152$1,806$1,511$625
17 years$2,810$2,352$1,958$1,623$1,339$518
18 years$2,626$2,173$1,788$1,462$1,191$430
19 years$2,462$2,014$1,636$1,321$1,061$357
20 years$2,315$1,872$1,502$1,197$948$297
21 years$2,181$1,743$1,381$1,086$848$248
22 years$2,060$1,627$1,273$988$761$206
23 years$1,950$1,522$1,176$899$683$172
24 years$1,849$1,426$1,087$820$614$144
25 years$1,756$1,338$1,007$749$552$120
26 years$1,670$1,258$934$685$497$100
27 years$1,591$1,184$867$627$448$84
28 years$1,518$1,115$806$574$405$70
29 years$1,450$1,052$750$527$365$58
30 years$1,386$994$699$483$330$49
31 years$1,327$939$651$444$298$41
32 years$1,272$889$608$408$270$34
33 years$1,220$842$568$375$244$29
34 years$1,171$798$530$345$221$24
35 years$1,125$757$496$318$200$20
36 years$1,082$718$464$293$182$17
37 years$1,041$682$434$270$165$14
38 years$1,002$648$407$249$149$12
39 years$966$616$381$229$135$10
40 years$931$587$357$211$123$8
41 years$898$558$335$195$111$7
42 years$867$532$314$180$101$6
43 years$837$507$295$166$92$5
44 years$809$483$277$153$83$4
45 years$782$461$260$142$76$3
46 years$757$439$244$131$69$3
47 years$732$419$229$121$62$2
48 years$709$400$215$112$57$2
49 years$686$382$202$103$51$2
50 years$665$365$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $681,000, adding $5,541 every year, while hoping to spend $53,331 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: 47/37/16 Blend
72$681,000$681,000$681,000$681,000
73$756,178$720,085$709,529$788,060
74$776,564$698,625$676,554$789,299
75$797,242$674,326$640,688$784,775
76$818,186$646,993$601,776$778,711
77$839,364$616,419$559,659$770,985
78$860,741$582,385$514,169$761,465
79$882,274$544,660$465,132$750,011
80$903,917$502,999$412,364$736,475
81$925,615$457,144$355,676$720,695
82$947,304$406,821$294,868$702,500
83$968,915$351,742$229,733$681,708
84$990,368$291,600$160,052$658,123
85$1,011,571$226,075$85,599$631,535
86$1,032,424$154,824$6,139$601,721
87$1,052,809$77,489$0$568,440
88$1,072,599$0$0$544,864
89$1,091,648$0$0$521,851
90$1,109,794$0$0$529,878
91$1,126,855$0$0$537,299
92$1,142,628$0$0$544,009
93$1,156,886$0$0$549,888
94$1,169,376$0$0$554,803
95$1,179,817$0$0$558,609
96$1,187,894$0$0$561,140
97$1,193,258$0$0$562,213
98$1,195,522$0$0$561,628
99$1,194,255$0$0$559,157
100$1,188,977$0$0$554,553