Can I retire at age 73 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$58,383$57,863$57,356$56,861$56,377$55,627
2 years$28,903$28,364$27,843$27,337$26,846$26,091
3 years$19,077$18,536$18,016$17,515$17,032$16,296
4 years$14,165$13,626$13,111$12,619$12,148$11,436
5 years$11,219$10,683$10,175$9,692$9,234$8,550
6 years$9,255$8,724$8,223$7,751$7,307$6,650
7 years$7,853$7,326$6,833$6,373$5,942$5,313
8 years$6,802$6,280$5,795$5,346$4,930$4,329
9 years$5,985$5,468$4,991$4,553$4,152$3,578
10 years$5,332$4,819$4,351$3,925$3,537$2,991
11 years$4,798$4,291$3,831$3,416$3,042$2,522
12 years$4,353$3,851$3,400$2,996$2,636$2,142
13 years$3,977$3,480$3,038$2,645$2,299$1,830
14 years$3,655$3,163$2,729$2,348$2,015$1,571
15 years$3,376$2,890$2,464$2,094$1,774$1,354
16 years$3,132$2,651$2,234$1,875$1,568$1,171
17 years$2,917$2,442$2,033$1,685$1,390$1,016
18 years$2,727$2,256$1,856$1,518$1,236$883
19 years$2,556$2,091$1,699$1,372$1,102$769
20 years$2,403$1,943$1,559$1,243$984$671
21 years$2,264$1,810$1,434$1,128$881$587
22 years$2,139$1,690$1,322$1,025$790$514
23 years$2,024$1,580$1,220$934$709$450
24 years$1,919$1,481$1,129$852$637$395
25 years$1,823$1,389$1,045$778$573$347
26 years$1,734$1,306$970$711$516$304
27 years$1,652$1,229$900$651$466$268
28 years$1,576$1,158$837$596$420$235
29 years$1,505$1,092$779$547$379$207
30 years$1,439$1,032$725$502$343$182
31 years$1,378$975$676$461$310$161
32 years$1,320$923$631$424$280$142
33 years$1,266$874$589$390$254$125
34 years$1,215$828$551$358$230$110
35 years$1,168$786$515$330$208$97
36 years$1,123$746$481$304$188$86
37 years$1,080$708$451$280$171$76
38 years$1,040$673$422$258$155$67
39 years$1,003$640$395$238$140$59
40 years$967$609$371$219$127$52
41 years$932$580$348$203$116$46
42 years$900$552$326$187$105$40
43 years$869$526$306$173$95$36
44 years$840$501$287$159$86$32
45 years$812$478$270$147$78$28
46 years$785$456$253$136$71$25
47 years$760$435$238$126$65$22
48 years$736$415$224$116$59$19
49 years$713$397$210$107$53$17
50 years$690$379$198$99$48$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $707,000, adding $6,147 every year, while hoping to spend $59,741 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: 60/17/23 Blend
72$707,000$707,000$707,000$707,000
73$785,455$747,984$737,025$827,435
74$802,007$721,071$698,152$829,739
75$818,246$690,837$655,973$825,213
76$834,075$657,057$610,317$818,962
77$849,389$619,490$561,001$810,830
78$864,067$577,886$507,835$800,648
79$877,976$531,976$450,621$788,232
80$890,965$481,479$389,152$773,385
81$902,867$426,095$323,213$755,890
82$913,496$365,510$252,577$735,515
83$922,642$299,390$177,008$712,007
84$930,075$227,383$96,261$685,091
85$935,535$149,118$10,079$654,469
86$938,736$64,201$0$619,818
87$939,359$0$0$600,885
88$937,049$0$0$586,332
89$931,411$0$0$581,557
90$922,011$0$0$574,261
91$908,363$0$0$564,123
92$889,931$0$0$550,786
93$866,119$0$0$533,857
94$836,269$0$0$512,897
95$799,651$0$0$487,424
96$755,458$0$0$456,902
97$702,796$0$0$420,740
98$640,676$0$0$378,282
99$568,005$0$0$328,804
100$483,574$0$0$271,505