Can I retire at age 73 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$58,549$58,027$57,518$57,022$56,537$55,623
2 years$28,984$28,445$27,921$27,414$26,922$26,004
3 years$19,131$18,589$18,067$17,565$17,081$16,187
4 years$14,205$13,665$13,148$12,654$12,182$11,319
5 years$11,251$10,713$10,204$9,720$9,261$8,432
6 years$9,281$8,748$8,246$7,773$7,328$6,533
7 years$7,875$7,347$6,852$6,391$5,959$5,200
8 years$6,821$6,298$5,811$5,361$4,944$4,219
9 years$6,002$5,483$5,005$4,566$4,163$3,473
10 years$5,347$4,833$4,364$3,936$3,547$2,890
11 years$4,811$4,303$3,842$3,426$3,051$2,427
12 years$4,365$3,862$3,410$3,005$2,644$2,052
13 years$3,988$3,490$3,046$2,653$2,305$1,745
14 years$3,665$3,172$2,737$2,355$2,021$1,491
15 years$3,386$2,898$2,471$2,100$1,779$1,279
16 years$3,141$2,659$2,240$1,880$1,573$1,101
17 years$2,926$2,449$2,039$1,690$1,394$950
18 years$2,734$2,263$1,861$1,523$1,240$822
19 years$2,563$2,097$1,704$1,376$1,105$712
20 years$2,410$1,949$1,564$1,246$987$618
21 years$2,271$1,815$1,438$1,131$883$538
22 years$2,145$1,694$1,326$1,028$792$468
23 years$2,030$1,585$1,224$936$711$408
24 years$1,925$1,485$1,132$854$639$356
25 years$1,828$1,393$1,048$780$575$311
26 years$1,739$1,310$972$713$518$271
27 years$1,657$1,232$903$653$467$237
28 years$1,580$1,161$839$598$421$208
29 years$1,509$1,096$781$548$380$182
30 years$1,443$1,035$728$503$344$159
31 years$1,382$978$678$462$311$139
32 years$1,324$925$633$425$281$122
33 years$1,270$876$591$391$254$107
34 years$1,219$831$552$359$230$94
35 years$1,171$788$516$331$209$82
36 years$1,126$748$483$305$189$72
37 years$1,084$710$452$281$171$63
38 years$1,043$675$423$259$155$55
39 years$1,005$642$397$239$141$49
40 years$969$611$372$220$128$43
41 years$935$581$348$203$116$37
42 years$903$554$327$187$105$33
43 years$872$527$307$173$95$29
44 years$842$503$288$160$87$25
45 years$814$479$270$148$79$22
46 years$788$457$254$136$71$19
47 years$762$436$239$126$65$17
48 years$738$417$224$116$59$15
49 years$715$398$211$108$53$13
50 years$692$380$198$99$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $709,000, adding $6,843 every year, while hoping to spend $58,367 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: 29/44/27 Blend
72$709,000$709,000$709,000$709,000
73$788,377$750,800$739,810$804,504
74$806,689$725,487$702,492$792,422
75$824,913$696,977$661,967$773,896
76$842,978$665,053$618,067$752,806
77$860,804$629,483$570,614$728,969
78$878,302$590,023$519,426$702,193
79$895,370$546,416$464,307$672,273
80$911,894$498,387$405,058$638,990
81$927,747$445,648$341,468$602,112
82$942,787$387,894$273,317$561,390
83$956,854$324,804$200,376$516,563
84$969,770$256,036$122,405$467,348
85$981,336$181,231$39,155$413,447
86$991,330$100,009$0$354,541
87$999,505$11,968$0$304,605
88$1,005,586$0$0$261,929
89$1,009,267$0$0$255,256
90$1,010,210$0$0$253,438
91$1,008,035$0$0$250,556
92$1,002,324$0$0$246,476
93$992,611$0$0$241,046
94$978,382$0$0$234,099
95$959,064$0$0$225,451
96$934,023$0$0$214,895
97$902,558$0$0$202,206
98$863,891$0$0$187,133
99$817,163$0$0$169,397
100$761,420$0$0$148,693