Can I retire at age 73 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$59,870$59,337$58,816$58,308$57,813$56,484
2 years$29,639$29,087$28,552$28,033$27,530$26,198
3 years$19,563$19,008$18,475$17,961$17,466$16,174
4 years$14,526$13,973$13,445$12,940$12,457$11,213
5 years$11,504$10,955$10,434$9,939$9,470$8,279
6 years$9,491$8,946$8,432$7,948$7,493$6,356
7 years$8,053$7,513$7,007$6,535$6,094$5,010
8 years$6,975$6,440$5,943$5,482$5,055$4,025
9 years$6,138$5,607$5,118$4,669$4,257$3,280
10 years$5,468$4,942$4,462$4,025$3,627$2,702
11 years$4,920$4,400$3,929$3,503$3,120$2,244
12 years$4,464$3,949$3,486$3,073$2,704$1,877
13 years$4,078$3,569$3,115$2,713$2,358$1,578
14 years$3,748$3,244$2,799$2,408$2,067$1,333
15 years$3,462$2,963$2,527$2,147$1,820$1,130
16 years$3,212$2,719$2,291$1,923$1,608$961
17 years$2,992$2,504$2,085$1,728$1,426$819
18 years$2,796$2,314$1,903$1,557$1,268$700
19 years$2,621$2,144$1,742$1,407$1,130$599
20 years$2,464$1,993$1,599$1,274$1,009$513
21 years$2,322$1,856$1,471$1,156$903$441
22 years$2,193$1,733$1,355$1,051$810$379
23 years$2,076$1,620$1,252$958$727$326
24 years$1,968$1,518$1,157$873$653$280
25 years$1,869$1,425$1,072$798$588$241
26 years$1,778$1,339$994$729$530$208
27 years$1,694$1,260$923$668$477$179
28 years$1,616$1,188$858$612$431$155
29 years$1,543$1,120$799$561$389$134
30 years$1,476$1,058$744$515$351$115
31 years$1,413$1,000$694$473$318$100
32 years$1,354$946$647$434$287$86
33 years$1,298$896$604$400$260$74
34 years$1,246$849$565$368$236$64
35 years$1,198$806$528$338$213$55
36 years$1,151$765$494$312$193$48
37 years$1,108$726$462$287$175$41
38 years$1,067$690$433$265$159$36
39 years$1,028$656$405$244$144$31
40 years$991$624$380$225$131$27
41 years$956$594$356$208$119$23
42 years$923$566$334$192$108$20
43 years$891$539$314$177$98$17
44 years$861$514$294$163$89$15
45 years$833$490$276$151$80$13
46 years$805$468$260$139$73$11
47 years$779$446$244$129$66$10
48 years$754$426$229$119$60$8
49 years$731$407$215$110$55$7
50 years$708$389$203$102$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $725,000, adding $3,605 every year, while hoping to spend $55,406 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: 85/9/6 Blend
72$725,000$725,000$725,000$725,000
73$802,669$764,244$753,006$870,360
74$825,589$742,740$719,280$893,544
75$848,991$718,326$682,568$911,055
76$872,864$690,800$642,710$928,525
77$897,196$659,949$599,541$945,912
78$921,972$625,549$552,887$963,169
79$947,173$587,360$502,569$980,245
80$972,777$545,133$448,396$997,083
81$998,754$498,599$390,172$1,013,621
82$1,025,075$447,478$327,691$1,029,789
83$1,051,700$391,471$260,736$1,045,511
84$1,078,586$330,266$189,083$1,060,703
85$1,105,682$263,530$112,498$1,075,270
86$1,132,930$190,911$30,735$1,089,110
87$1,160,264$112,040$0$1,102,111
88$1,187,606$26,525$0$1,117,766
89$1,214,870$0$0$1,134,653
90$1,241,958$0$0$1,157,213
91$1,268,759$0$0$1,182,125
92$1,295,148$0$0$1,206,644
93$1,320,983$0$0$1,230,638
94$1,346,106$0$0$1,253,959
95$1,370,338$0$0$1,276,439
96$1,393,481$0$0$1,297,890
97$1,415,310$0$0$1,318,105
98$1,435,575$0$0$1,336,848
99$1,453,999$0$0$1,353,858
100$1,470,270$0$0$1,368,844