Can I retire at age 73 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$59,787$59,255$58,735$58,228$57,733$57,369
2 years$29,598$29,046$28,512$27,994$27,492$27,125
3 years$19,536$18,982$18,449$17,936$17,442$17,083
4 years$14,506$13,954$13,426$12,922$12,440$12,092
5 years$11,489$10,940$10,419$9,925$9,456$9,121
6 years$9,478$8,933$8,420$7,937$7,483$7,159
7 years$8,042$7,502$6,997$6,526$6,085$5,774
8 years$6,966$6,431$5,934$5,474$5,048$4,750
9 years$6,129$5,599$5,111$4,663$4,251$3,966
10 years$5,460$4,935$4,456$4,019$3,622$3,349
11 years$4,913$4,394$3,923$3,498$3,115$2,854
12 years$4,458$3,944$3,482$3,068$2,700$2,450
13 years$4,073$3,564$3,111$2,709$2,354$2,117
14 years$3,743$3,239$2,795$2,405$2,064$1,838
15 years$3,457$2,959$2,523$2,145$1,817$1,602
16 years$3,208$2,715$2,288$1,920$1,606$1,402
17 years$2,988$2,500$2,082$1,725$1,424$1,230
18 years$2,792$2,311$1,900$1,555$1,266$1,082
19 years$2,618$2,141$1,740$1,405$1,128$955
20 years$2,461$1,990$1,597$1,272$1,008$844
21 years$2,319$1,853$1,469$1,155$902$747
22 years$2,190$1,730$1,354$1,050$809$662
23 years$2,073$1,618$1,250$956$726$588
24 years$1,965$1,516$1,156$872$652$522
25 years$1,867$1,423$1,071$796$587$465
26 years$1,776$1,337$993$728$529$414
27 years$1,692$1,258$922$667$477$369
28 years$1,614$1,186$857$611$430$329
29 years$1,541$1,119$798$560$388$293
30 years$1,474$1,057$743$514$351$262
31 years$1,411$999$693$472$317$234
32 years$1,352$945$646$434$287$209
33 years$1,297$895$603$399$260$187
34 years$1,245$848$564$367$235$167
35 years$1,196$805$527$338$213$149
36 years$1,150$764$493$311$193$134
37 years$1,106$725$462$287$175$120
38 years$1,065$689$432$264$159$107
39 years$1,027$655$405$244$144$96
40 years$990$624$380$225$130$86
41 years$955$594$356$207$118$77
42 years$922$565$334$191$107$69
43 years$890$539$313$177$97$62
44 years$860$513$294$163$88$55
45 years$832$490$276$151$80$50
46 years$804$467$259$139$73$44
47 years$778$446$244$129$66$40
48 years$753$425$229$119$60$36
49 years$730$406$215$110$55$32
50 years$707$388$202$101$50$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $724,000, adding $3,309 every year, while hoping to spend $22,428 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: 81/10/9 Blend
72$724,000$724,000$724,000$724,000
73$801,261$762,889$751,667$864,856
74$859,127$776,408$752,985$920,518
75$922,143$789,837$753,595$978,301
76$990,811$803,148$753,450$1,041,049
77$1,065,684$816,313$752,501$1,109,247
78$1,147,368$829,297$750,694$1,183,429
79$1,236,534$842,066$747,977$1,264,183
80$1,333,916$854,584$744,290$1,352,159
81$1,440,327$866,809$739,574$1,448,068
82$1,556,657$878,700$733,767$1,552,699
83$1,683,889$890,209$726,802$1,666,916
84$1,823,106$901,289$718,609$1,791,673
85$1,975,497$911,887$709,117$1,928,023
86$2,142,375$921,947$698,250$2,077,121
87$2,325,184$931,409$685,928$2,240,246
88$2,525,515$940,210$672,069$2,418,801
89$2,745,119$948,282$656,584$2,614,335
90$2,985,925$955,552$639,384$2,828,555
91$3,250,059$961,944$620,374$3,063,340
92$3,539,862$967,375$599,452$3,320,763
93$3,857,910$971,759$576,517$3,603,105
94$4,207,045$975,003$551,457$3,912,881
95$4,590,393$977,008$524,161$4,252,863
96$5,011,401$977,669$494,508$4,626,105
97$5,473,865$976,876$462,375$5,035,972
98$5,981,966$974,510$427,632$5,486,172
99$6,540,311$970,445$390,142$5,980,792
100$7,153,975$964,549$349,764$6,524,334