Can I retire at age 73 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$58,631$58,109$57,599$57,102$56,616$54,870
2 years$29,025$28,485$27,961$27,453$26,960$25,216
3 years$19,158$18,615$18,093$17,589$17,105$15,417
4 years$14,225$13,684$13,167$12,672$12,199$10,582
5 years$11,266$10,728$10,218$9,733$9,274$7,730
6 years$9,295$8,761$8,258$7,784$7,338$5,870
7 years$7,887$7,357$6,862$6,400$5,968$4,575
8 years$6,831$6,306$5,820$5,368$4,951$3,633
9 years$6,011$5,491$5,012$4,573$4,169$2,925
10 years$5,355$4,840$4,370$3,942$3,552$2,379
11 years$4,818$4,309$3,847$3,430$3,055$1,951
12 years$4,372$3,867$3,414$3,009$2,648$1,610
13 years$3,994$3,495$3,050$2,656$2,309$1,336
14 years$3,670$3,177$2,741$2,358$2,024$1,113
15 years$3,390$2,902$2,475$2,103$1,782$930
16 years$3,146$2,663$2,244$1,883$1,575$780
17 years$2,930$2,452$2,042$1,692$1,396$655
18 years$2,738$2,266$1,864$1,525$1,242$552
19 years$2,567$2,100$1,706$1,378$1,107$465
20 years$2,413$1,951$1,566$1,248$989$393
21 years$2,274$1,818$1,440$1,132$885$332
22 years$2,148$1,697$1,327$1,030$793$281
23 years$2,033$1,587$1,226$938$712$238
24 years$1,927$1,487$1,133$855$640$201
25 years$1,830$1,395$1,050$781$576$171
26 years$1,741$1,311$974$714$519$145
27 years$1,659$1,234$904$654$468$123
28 years$1,582$1,163$841$599$422$104
29 years$1,511$1,097$782$549$381$89
30 years$1,445$1,036$729$504$344$75
31 years$1,383$979$679$463$311$64
32 years$1,326$927$634$425$281$54
33 years$1,272$878$592$391$255$46
34 years$1,221$832$553$360$231$39
35 years$1,173$789$517$331$209$33
36 years$1,128$749$484$305$189$28
37 years$1,085$711$453$281$172$24
38 years$1,045$676$424$259$156$20
39 years$1,007$643$397$239$141$17
40 years$971$612$372$220$128$15
41 years$936$582$349$203$116$13
42 years$904$554$327$188$105$11
43 years$873$528$307$173$96$9
44 years$844$503$288$160$87$8
45 years$816$480$271$148$79$7
46 years$789$458$254$136$72$6
47 years$763$437$239$126$65$5
48 years$739$417$225$117$59$4
49 years$716$398$211$108$54$3
50 years$693$381$198$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $710,000, adding $4,578 every year, while hoping to spend $42,511 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: 71/10/19 Blend
72$710,000$710,000$710,000$710,000
73$787,142$749,512$738,507$839,121
74$822,199$741,007$718,016$865,815
75$859,408$730,660$695,413$889,523
76$898,941$718,337$670,584$914,410
77$940,991$703,893$643,406$940,586
78$985,767$687,179$613,755$968,174
79$1,033,497$668,032$581,497$997,311
80$1,084,431$646,283$546,495$1,028,148
81$1,138,845$621,753$508,604$1,060,852
82$1,197,038$594,250$467,674$1,095,609
83$1,259,341$563,573$423,546$1,132,626
84$1,326,116$529,510$376,057$1,172,131
85$1,397,759$491,835$325,034$1,214,377
86$1,474,705$450,310$270,297$1,259,645
87$1,557,432$404,682$211,660$1,308,245
88$1,646,466$354,687$148,926$1,360,521
89$1,742,381$300,043$81,890$1,416,856
90$1,845,811$240,452$10,341$1,477,671
91$1,957,451$175,601$0$1,543,433
92$2,078,063$105,158$0$1,628,042
93$2,208,489$28,774$0$1,721,797
94$2,349,649$0$0$1,823,279
95$2,502,559$0$0$1,939,176
96$2,668,332$0$0$2,068,286
97$2,848,195$0$0$2,208,401
98$3,043,497$0$0$2,360,576
99$3,255,720$0$0$2,525,972
100$3,486,497$0$0$2,705,862