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%13.7%
1 years$59,870$59,337$58,816$58,308$57,813$56,925
2 years$29,639$29,087$28,552$28,033$27,530$26,638
3 years$19,563$19,008$18,475$17,961$17,466$16,597
4 years$14,526$13,973$13,445$12,940$12,457$11,618
5 years$11,504$10,955$10,434$9,939$9,470$8,663
6 years$9,491$8,946$8,432$7,948$7,493$6,720
7 years$8,053$7,513$7,007$6,535$6,094$5,354
8 years$6,975$6,440$5,943$5,482$5,055$4,349
9 years$6,138$5,607$5,118$4,669$4,257$3,584
10 years$5,468$4,942$4,462$4,025$3,627$2,987
11 years$4,920$4,400$3,929$3,503$3,120$2,511
12 years$4,464$3,949$3,486$3,073$2,704$2,126
13 years$4,078$3,569$3,115$2,713$2,358$1,811
14 years$3,748$3,244$2,799$2,408$2,067$1,549
15 years$3,462$2,963$2,527$2,147$1,820$1,331
16 years$3,212$2,719$2,291$1,923$1,608$1,147
17 years$2,992$2,504$2,085$1,728$1,426$991
18 years$2,796$2,314$1,903$1,557$1,268$858
19 years$2,621$2,144$1,742$1,407$1,130$745
20 years$2,464$1,993$1,599$1,274$1,009$648
21 years$2,322$1,856$1,471$1,156$903$564
22 years$2,193$1,733$1,355$1,051$810$492
23 years$2,076$1,620$1,252$958$727$429
24 years$1,968$1,518$1,157$873$653$375
25 years$1,869$1,425$1,072$798$588$328
26 years$1,778$1,339$994$729$530$287
27 years$1,694$1,260$923$668$477$251
28 years$1,616$1,188$858$612$431$220
29 years$1,543$1,120$799$561$389$193
30 years$1,476$1,058$744$515$351$169
31 years$1,413$1,000$694$473$318$148
32 years$1,354$946$647$434$287$130
33 years$1,298$896$604$400$260$114
34 years$1,246$849$565$368$236$100
35 years$1,198$806$528$338$213$88
36 years$1,151$765$494$312$193$77
37 years$1,108$726$462$287$175$68
38 years$1,067$690$433$265$159$60
39 years$1,028$656$405$244$144$53
40 years$991$624$380$225$131$46
41 years$956$594$356$208$119$41
42 years$923$566$334$192$108$36
43 years$891$539$314$177$98$31
44 years$861$514$294$163$89$28
45 years$833$490$276$151$80$24
46 years$805$468$260$139$73$21
47 years$779$446$244$129$66$19
48 years$754$426$229$119$60$16
49 years$731$407$215$110$55$14
50 years$708$389$203$102$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $725,000, adding $3,904 every year, while hoping to spend $43,461 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: 23/48/29 Blend
72$725,000$725,000$725,000$725,000
73$802,977$764,552$753,314$814,041
74$838,638$755,773$732,308$815,214
75$876,481$745,107$709,142$812,574
76$916,681$732,416$683,697$808,832
77$959,431$717,553$655,850$803,925
78$1,004,943$700,363$625,471$797,791
79$1,053,448$680,682$592,425$790,364
80$1,105,200$658,336$556,572$781,580
81$1,160,476$633,140$517,762$771,372
82$1,219,581$604,900$475,843$759,671
83$1,282,847$573,409$430,653$746,412
84$1,350,641$538,449$382,023$731,527
85$1,423,363$499,791$329,778$714,947
86$1,501,455$457,189$273,734$696,608
87$1,585,398$410,386$213,699$676,445
88$1,675,723$359,110$149,473$654,394
89$1,773,013$303,072$80,847$630,396
90$1,877,908$241,970$7,602$604,395
91$1,991,108$175,480$0$576,339
92$2,113,388$103,265$0$568,016
93$2,245,594$24,966$0$561,481
94$2,388,660$0$0$554,425
95$2,543,610$0$0$578,490
96$2,711,570$0$0$618,976
97$2,893,781$0$0$663,007
98$3,091,605$0$0$710,929
99$3,306,541$0$0$763,117
100$3,540,237$0$0$819,989