Can I retire at age 73 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$59,292$58,764$58,248$57,745$57,254$57,013
2 years$29,352$28,806$28,276$27,762$27,264$27,020
3 years$19,374$18,825$18,296$17,788$17,297$17,059
4 years$14,386$13,838$13,315$12,815$12,337$12,105
5 years$11,393$10,849$10,333$9,843$9,378$9,155
6 years$9,399$8,859$8,351$7,872$7,421$7,205
7 years$7,975$7,440$6,939$6,472$6,035$5,828
8 years$6,908$6,377$5,885$5,429$5,007$4,807
9 years$6,078$5,553$5,069$4,624$4,216$4,025
10 years$5,415$4,894$4,419$3,986$3,592$3,409
11 years$4,872$4,357$3,891$3,469$3,090$2,915
12 years$4,421$3,911$3,453$3,043$2,677$2,510
13 years$4,039$3,534$3,085$2,686$2,335$2,175
14 years$3,712$3,213$2,772$2,385$2,047$1,894
15 years$3,429$2,935$2,503$2,127$1,802$1,657
16 years$3,181$2,693$2,269$1,904$1,593$1,455
17 years$2,963$2,480$2,065$1,711$1,412$1,281
18 years$2,769$2,291$1,885$1,542$1,256$1,131
19 years$2,596$2,124$1,725$1,393$1,119$1,001
20 years$2,440$1,973$1,583$1,262$1,000$888
21 years$2,300$1,838$1,456$1,145$895$789
22 years$2,172$1,716$1,342$1,041$802$702
23 years$2,056$1,605$1,239$948$720$626
24 years$1,949$1,504$1,146$865$647$558
25 years$1,851$1,411$1,062$790$582$498
26 years$1,761$1,326$985$722$524$445
27 years$1,678$1,248$914$661$473$398
28 years$1,600$1,176$850$606$427$357
29 years$1,528$1,109$791$555$385$320
30 years$1,462$1,048$737$510$348$286
31 years$1,399$990$687$468$315$257
32 years$1,341$937$641$430$285$231
33 years$1,286$888$598$396$258$207
34 years$1,234$841$559$364$233$186
35 years$1,186$798$523$335$211$167
36 years$1,140$757$489$309$191$150
37 years$1,097$719$458$284$173$135
38 years$1,057$684$429$262$157$121
39 years$1,018$650$402$242$143$109
40 years$982$618$376$223$129$98
41 years$947$589$353$206$117$88
42 years$914$561$331$190$106$79
43 years$883$534$311$175$97$71
44 years$853$509$292$162$88$64
45 years$825$486$274$149$80$58
46 years$798$463$257$138$72$52
47 years$772$442$242$128$66$47
48 years$747$422$227$118$60$42
49 years$724$403$213$109$54$38
50 years$701$385$201$101$49$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $718,000, adding $5,137 every year, while hoping to spend $42,366 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: 62/18/20 Blend
72$718,000$718,000$718,000$718,000
73$796,535$758,481$747,352$841,501
74$832,704$750,569$727,311$864,545
75$871,143$740,850$705,179$884,510
76$912,038$729,190$680,841$905,334
77$955,593$715,448$654,176$927,105
78$1,002,033$699,474$625,060$949,923
79$1,051,602$681,110$593,362$973,897
80$1,104,569$660,188$558,943$999,152
81$1,161,228$636,530$521,661$1,025,826
82$1,221,903$609,949$481,365$1,054,072
83$1,286,946$580,246$437,900$1,084,062
84$1,356,747$547,210$391,102$1,115,990
85$1,431,731$510,619$340,800$1,150,068
86$1,512,366$470,238$286,815$1,186,535
87$1,599,166$425,819$228,962$1,225,657
88$1,692,694$377,097$167,046$1,267,729
89$1,793,570$323,796$100,863$1,313,080
90$1,902,475$265,623$30,203$1,362,076
91$2,020,156$202,267$0$1,415,124
92$2,147,434$133,400$0$1,482,323
93$2,285,213$58,678$0$1,562,032
94$2,434,486$0$0$1,648,411
95$2,596,345$0$0$1,746,540
96$2,771,990$0$0$1,865,685
97$2,962,741$0$0$1,995,124
98$3,170,051$0$0$2,135,849
99$3,395,518$0$0$2,288,950
100$3,640,900$0$0$2,455,628