Can I retire at age 73 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$57,062$56,554$56,058$55,574$55,101$53,901
2 years$28,249$27,722$27,213$26,718$26,239$25,035
3 years$18,645$18,117$17,608$17,119$16,647$15,478
4 years$13,845$13,318$12,814$12,333$11,873$10,747
5 years$10,965$10,441$9,944$9,473$9,025$7,947
6 years$9,046$8,526$8,037$7,576$7,142$6,111
7 years$7,676$7,160$6,678$6,228$5,808$4,826
8 years$6,648$6,138$5,664$5,225$4,818$3,884
9 years$5,850$5,344$4,878$4,450$4,058$3,170
10 years$5,211$4,710$4,253$3,836$3,457$2,616
11 years$4,689$4,193$3,744$3,339$2,973$2,177
12 years$4,255$3,764$3,323$2,928$2,577$1,824
13 years$3,887$3,401$2,969$2,585$2,247$1,537
14 years$3,572$3,092$2,668$2,295$1,970$1,301
15 years$3,300$2,824$2,408$2,047$1,734$1,105
16 years$3,061$2,591$2,184$1,833$1,533$942
17 years$2,851$2,386$1,987$1,647$1,359$805
18 years$2,665$2,205$1,814$1,484$1,208$689
19 years$2,498$2,044$1,660$1,341$1,077$591
20 years$2,348$1,899$1,524$1,214$962$508
21 years$2,213$1,769$1,402$1,102$861$437
22 years$2,090$1,651$1,292$1,002$772$376
23 years$1,978$1,544$1,193$913$693$324
24 years$1,876$1,447$1,103$832$623$280
25 years$1,782$1,358$1,022$760$560$242
26 years$1,695$1,276$948$695$505$209
27 years$1,614$1,201$880$636$455$180
28 years$1,540$1,132$818$583$411$156
29 years$1,471$1,068$761$535$371$135
30 years$1,407$1,008$709$491$335$117
31 years$1,346$953$661$451$303$101
32 years$1,290$902$617$414$274$88
33 years$1,237$854$576$381$248$76
34 years$1,188$810$538$350$224$66
35 years$1,141$768$503$323$203$57
36 years$1,097$729$471$297$184$49
37 years$1,056$692$440$274$167$43
38 years$1,017$658$412$252$151$37
39 years$980$626$386$233$137$32
40 years$945$595$362$215$124$28
41 years$911$567$340$198$113$24
42 years$880$540$319$183$102$21
43 years$850$514$299$169$93$18
44 years$821$490$281$156$84$16
45 years$794$467$264$144$77$14
46 years$768$446$247$133$70$12
47 years$743$425$233$123$63$10
48 years$719$406$218$113$57$9
49 years$696$388$205$105$52$8
50 years$675$370$193$97$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $691,000, adding $5,816 every year, while hoping to spend $41,026 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: 58/13/29 Blend
72$691,000$691,000$691,000$691,000
73$767,481$730,858$720,148$805,598
74$802,113$723,019$700,621$824,548
75$838,902$713,420$679,066$840,396
76$878,025$701,933$655,370$856,840
77$919,676$688,420$629,417$873,951
78$964,066$672,736$601,086$891,807
79$1,011,428$654,727$570,249$910,497
80$1,062,014$634,229$536,773$930,122
81$1,116,105$611,071$500,519$950,795
82$1,174,003$585,070$461,343$972,643
83$1,236,046$556,033$419,092$995,807
84$1,302,599$523,754$373,608$1,020,448
85$1,374,065$488,020$324,725$1,046,744
86$1,450,887$448,600$272,271$1,074,894
87$1,533,550$405,254$216,064$1,105,121
88$1,622,586$357,725$155,917$1,137,676
89$1,718,582$305,746$91,632$1,172,837
90$1,822,180$249,030$23,003$1,210,914
91$1,934,086$187,276$0$1,252,254
92$2,055,077$120,166$0$1,312,786
93$2,186,006$47,366$0$1,386,003
94$2,327,811$0$0$1,465,331
95$2,481,523$0$0$1,555,879
96$2,648,277$0$0$1,661,510
97$2,829,319$0$0$1,776,243
98$3,026,021$0$0$1,900,955
99$3,239,893$0$0$2,036,609
100$3,472,594$0$0$2,184,265