Can I retire at age 73 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$56,319$55,817$55,328$54,850$54,384$54,018
2 years$27,881$27,361$26,858$26,370$25,897$25,528
3 years$18,402$17,881$17,379$16,896$16,430$16,070
4 years$13,664$13,144$12,647$12,172$11,718$11,369
5 years$10,822$10,305$9,815$9,350$8,908$8,571
6 years$8,928$8,415$7,932$7,477$7,049$6,724
7 years$7,576$7,067$6,591$6,147$5,732$5,421
8 years$6,562$6,058$5,590$5,157$4,756$4,456
9 years$5,774$5,274$4,815$4,392$4,005$3,718
10 years$5,143$4,649$4,198$3,786$3,412$3,138
11 years$4,628$4,139$3,696$3,295$2,935$2,673
12 years$4,199$3,715$3,280$2,890$2,543$2,293
13 years$3,836$3,357$2,930$2,552$2,218$1,980
14 years$3,526$3,051$2,633$2,265$1,944$1,718
15 years$3,257$2,788$2,377$2,020$1,712$1,496
16 years$3,022$2,558$2,155$1,809$1,513$1,308
17 years$2,814$2,355$1,961$1,625$1,341$1,147
18 years$2,630$2,177$1,790$1,465$1,193$1,009
19 years$2,466$2,017$1,639$1,323$1,063$889
20 years$2,318$1,874$1,504$1,199$950$785
21 years$2,184$1,746$1,383$1,088$850$695
22 years$2,063$1,630$1,275$989$762$615
23 years$1,952$1,524$1,177$901$684$546
24 years$1,851$1,428$1,089$822$615$485
25 years$1,758$1,340$1,008$750$553$431
26 years$1,673$1,260$935$686$498$383
27 years$1,593$1,185$868$628$449$341
28 years$1,520$1,117$807$575$405$304
29 years$1,452$1,054$751$528$366$271
30 years$1,388$995$700$484$331$242
31 years$1,329$941$652$445$299$216
32 years$1,273$890$609$409$270$193
33 years$1,221$843$568$376$245$172
34 years$1,172$799$531$346$222$154
35 years$1,127$758$497$318$201$137
36 years$1,083$719$464$293$182$123
37 years$1,042$683$435$270$165$110
38 years$1,004$649$407$249$149$98
39 years$967$617$381$230$135$88
40 years$932$587$358$212$123$79
41 years$900$559$335$195$111$70
42 years$868$533$314$180$101$63
43 years$839$507$295$166$92$56
44 years$810$484$277$154$83$50
45 years$783$461$260$142$76$45
46 years$758$440$244$131$69$40
47 years$733$420$229$121$62$36
48 years$710$401$216$112$57$32
49 years$687$383$203$103$51$29
50 years$666$366$191$96$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $682,000, adding $4,222 every year, while hoping to spend $53,270 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: 61/33/6 Blend
72$682,000$682,000$682,000$682,000
73$755,919$719,773$709,202$800,935
74$776,344$698,363$676,281$810,119
75$797,067$674,119$640,473$813,580
76$818,062$646,844$601,623$815,991
77$839,298$616,334$559,571$817,250
78$860,742$582,370$514,152$817,248
79$882,351$544,720$465,190$815,868
80$904,080$503,140$412,503$812,981
81$925,875$457,372$355,900$808,451
82$947,674$407,144$295,183$802,131
83$969,409$352,166$230,143$793,861
84$991,000$292,133$160,565$783,469
85$1,012,359$226,725$86,221$770,770
86$1,033,386$155,601$6,875$755,565
87$1,053,967$78,400$0$737,638
88$1,073,975$0$0$721,738
89$1,093,268$0$0$705,334
90$1,111,686$0$0$716,783
91$1,129,050$0$0$727,494
92$1,145,160$0$0$737,332
93$1,159,793$0$0$746,146
94$1,172,700$0$0$753,767
95$1,183,604$0$0$760,009
96$1,192,196$0$0$764,662
97$1,198,132$0$0$767,495
98$1,201,030$0$0$768,248
99$1,200,465$0$0$766,637
100$1,195,966$0$0$762,342