Can I retire at age 73 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$59,705$59,173$58,654$58,148$57,653$57,146
2 years$29,557$29,006$28,473$27,956$27,454$26,943
3 years$19,509$18,956$18,424$17,911$17,418$16,919
4 years$14,486$13,935$13,408$12,904$12,423$11,939
5 years$11,473$10,925$10,405$9,912$9,443$8,978
6 years$9,465$8,921$8,409$7,926$7,472$7,024
7 years$8,031$7,492$6,988$6,517$6,077$5,647
8 years$6,956$6,422$5,926$5,467$5,041$4,629
9 years$6,121$5,591$5,104$4,656$4,246$3,851
10 years$5,453$4,929$4,450$4,014$3,617$3,241
11 years$4,906$4,388$3,918$3,493$3,111$2,752
12 years$4,452$3,938$3,477$3,064$2,696$2,354
13 years$4,067$3,559$3,106$2,705$2,351$2,025
14 years$3,738$3,235$2,791$2,401$2,061$1,751
15 years$3,452$2,955$2,520$2,142$1,815$1,521
16 years$3,203$2,711$2,285$1,918$1,604$1,325
17 years$2,983$2,497$2,079$1,723$1,422$1,158
18 years$2,788$2,307$1,898$1,553$1,264$1,015
19 years$2,614$2,138$1,737$1,403$1,127$891
20 years$2,457$1,987$1,594$1,271$1,007$784
21 years$2,316$1,851$1,467$1,153$901$691
22 years$2,187$1,728$1,352$1,049$807$610
23 years$2,070$1,616$1,248$955$725$539
24 years$1,963$1,514$1,154$871$651$477
25 years$1,864$1,421$1,069$795$586$422
26 years$1,773$1,335$992$727$528$374
27 years$1,689$1,257$921$666$476$332
28 years$1,611$1,184$856$610$430$294
29 years$1,539$1,117$796$559$388$261
30 years$1,472$1,055$742$513$350$232
31 years$1,409$997$692$471$317$206
32 years$1,350$944$645$433$287$184
33 years$1,295$894$603$398$259$163
34 years$1,243$847$563$367$235$145
35 years$1,194$803$526$337$213$129
36 years$1,148$763$492$311$193$115
37 years$1,105$724$461$286$175$103
38 years$1,064$688$432$264$158$91
39 years$1,025$655$404$243$144$81
40 years$988$623$379$224$130$72
41 years$954$593$355$207$118$65
42 years$920$565$333$191$107$58
43 years$889$538$313$176$97$51
44 years$859$513$294$163$88$46
45 years$830$489$276$150$80$41
46 years$803$466$259$139$73$36
47 years$777$445$243$128$66$32
48 years$752$425$229$119$60$29
49 years$729$406$215$110$55$26
50 years$706$388$202$101$50$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $723,000, adding $2,205 every year, while hoping to spend $27,555 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: 49/35/16 Blend
72$723,000$723,000$723,000$723,000
73$799,020$760,701$749,495$834,518
74$851,202$768,658$745,285$867,210
75$907,783$776,080$740,010$899,683
76$969,182$782,913$733,606$934,356
77$1,035,862$789,099$726,005$971,447
78$1,108,329$794,574$717,135$1,011,195
79$1,187,143$799,272$706,923$1,053,865
80$1,272,917$803,122$695,290$1,099,749
81$1,366,327$806,048$682,155$1,149,172
82$1,468,118$807,970$667,433$1,202,491
83$1,579,108$808,802$651,034$1,260,103
84$1,700,198$808,455$632,865$1,322,446
85$1,832,380$806,831$612,828$1,390,003
86$1,976,746$803,828$590,820$1,463,310
87$2,134,496$799,338$566,735$1,542,958
88$2,306,956$793,247$540,462$1,629,602
89$2,495,580$785,431$511,882$1,723,963
90$2,701,974$775,761$480,875$1,826,841
91$2,927,903$764,101$447,311$1,939,117
92$3,175,311$750,305$411,059$2,061,766
93$3,446,342$734,219$371,978$2,195,866
94$3,743,353$715,680$329,924$2,342,606
95$4,068,942$694,515$284,743$2,503,300
96$4,425,969$670,541$236,277$2,679,400
97$4,817,587$643,566$184,361$2,872,509
98$5,247,264$613,385$128,821$3,084,397
99$5,718,825$579,780$69,476$3,317,020
100$6,236,479$542,523$6,137$3,572,536