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%11.7%
1 years$56,319$55,817$55,328$54,850$54,384$53,996
2 years$27,881$27,361$26,858$26,370$25,897$25,506
3 years$18,402$17,881$17,379$16,896$16,430$16,048
4 years$13,664$13,144$12,647$12,172$11,718$11,348
5 years$10,822$10,305$9,815$9,350$8,908$8,550
6 years$8,928$8,415$7,932$7,477$7,049$6,704
7 years$7,576$7,067$6,591$6,147$5,732$5,402
8 years$6,562$6,058$5,590$5,157$4,756$4,438
9 years$5,774$5,274$4,815$4,392$4,005$3,701
10 years$5,143$4,649$4,198$3,786$3,412$3,122
11 years$4,628$4,139$3,696$3,295$2,935$2,657
12 years$4,199$3,715$3,280$2,890$2,543$2,279
13 years$3,836$3,357$2,930$2,552$2,218$1,966
14 years$3,526$3,051$2,633$2,265$1,944$1,704
15 years$3,257$2,788$2,377$2,020$1,712$1,484
16 years$3,022$2,558$2,155$1,809$1,513$1,296
17 years$2,814$2,355$1,961$1,625$1,341$1,136
18 years$2,630$2,177$1,790$1,465$1,193$998
19 years$2,466$2,017$1,639$1,323$1,063$879
20 years$2,318$1,874$1,504$1,199$950$776
21 years$2,184$1,746$1,383$1,088$850$686
22 years$2,063$1,630$1,275$989$762$607
23 years$1,952$1,524$1,177$901$684$538
24 years$1,851$1,428$1,089$822$615$477
25 years$1,758$1,340$1,008$750$553$424
26 years$1,673$1,260$935$686$498$377
27 years$1,593$1,185$868$628$449$335
28 years$1,520$1,117$807$575$405$299
29 years$1,452$1,054$751$528$366$266
30 years$1,388$995$700$484$331$237
31 years$1,329$941$652$445$299$211
32 years$1,273$890$609$409$270$189
33 years$1,221$843$568$376$245$168
34 years$1,172$799$531$346$222$150
35 years$1,127$758$497$318$201$134
36 years$1,083$719$464$293$182$120
37 years$1,042$683$435$270$165$107
38 years$1,004$649$407$249$149$96
39 years$967$617$381$230$135$86
40 years$932$587$358$212$123$76
41 years$900$559$335$195$111$68
42 years$868$533$314$180$101$61
43 years$839$507$295$166$92$55
44 years$810$484$277$154$83$49
45 years$783$461$260$142$76$44
46 years$758$440$244$131$69$39
47 years$733$420$229$121$62$35
48 years$710$401$216$112$57$31
49 years$687$383$203$103$51$28
50 years$666$366$191$96$47$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $682,000, adding $5,984 every year, while hoping to spend $31,573 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: 48/40/12 Blend
72$682,000$682,000$682,000$682,000
73$757,736$721,590$711,019$791,324
74$801,432$723,355$701,245$816,852
75$848,527$724,148$690,085$840,788
76$899,333$723,888$677,460$866,067
77$954,196$722,489$663,286$892,825
78$1,013,494$719,861$647,476$921,211
79$1,077,642$715,906$629,938$951,395
80$1,147,097$710,521$610,576$983,564
81$1,222,362$703,598$589,292$1,017,924
82$1,303,990$695,021$565,980$1,054,707
83$1,392,587$684,667$540,530$1,094,169
84$1,488,822$672,407$512,830$1,136,595
85$1,593,431$658,103$482,758$1,182,303
86$1,707,221$641,611$450,190$1,231,641
87$1,831,082$622,774$414,997$1,285,002
88$1,965,993$601,431$377,040$1,342,817
89$2,113,032$577,409$336,178$1,405,566
90$2,273,384$550,524$292,263$1,473,780
91$2,448,354$520,585$245,138$1,548,051
92$2,639,377$487,385$194,642$1,629,032
93$2,848,036$450,709$140,604$1,717,448
94$3,076,070$410,328$82,849$1,814,101
95$3,325,397$366,001$21,192$1,919,881
96$3,598,124$317,473$0$2,035,773
97$3,896,577$264,473$0$2,168,580
98$4,223,312$206,716$0$2,317,064
99$4,581,147$143,902$0$2,479,872
100$4,973,183$75,712$0$2,658,513