Can I retire at age 73 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$60,283$59,746$59,222$58,711$58,211$56,348
2 years$29,843$29,287$28,748$28,226$27,720$25,859
3 years$19,698$19,139$18,602$18,085$17,586$15,788
4 years$14,626$14,070$13,538$13,029$12,543$10,820
5 years$11,584$11,031$10,506$10,008$9,535$7,892
6 years$9,556$9,007$8,490$8,003$7,545$5,983
7 years$8,109$7,564$7,055$6,580$6,136$4,655
8 years$7,024$6,484$5,984$5,520$5,090$3,690
9 years$6,180$5,646$5,154$4,702$4,287$2,965
10 years$5,505$4,976$4,493$4,053$3,652$2,407
11 years$4,954$4,430$3,956$3,527$3,141$1,971
12 years$4,495$3,976$3,510$3,094$2,722$1,623
13 years$4,106$3,593$3,136$2,731$2,374$1,344
14 years$3,774$3,266$2,818$2,425$2,081$1,117
15 years$3,486$2,984$2,544$2,162$1,832$932
16 years$3,234$2,738$2,307$1,936$1,619$780
17 years$3,012$2,521$2,099$1,740$1,436$654
18 years$2,815$2,330$1,916$1,568$1,277$549
19 years$2,639$2,159$1,754$1,417$1,138$462
20 years$2,481$2,006$1,610$1,283$1,016$389
21 years$2,338$1,869$1,481$1,164$910$328
22 years$2,208$1,745$1,365$1,059$815$277
23 years$2,090$1,632$1,260$964$732$234
24 years$1,982$1,529$1,165$879$658$198
25 years$1,882$1,435$1,079$803$592$167
26 years$1,790$1,348$1,001$734$533$141
27 years$1,706$1,269$930$672$481$120
28 years$1,627$1,196$864$616$434$101
29 years$1,554$1,128$804$565$392$86
30 years$1,486$1,065$749$518$354$73
31 years$1,422$1,007$698$476$320$62
32 years$1,363$953$652$437$289$52
33 years$1,307$902$608$402$262$44
34 years$1,255$855$568$370$237$37
35 years$1,206$811$531$341$215$32
36 years$1,159$770$497$314$195$27
37 years$1,116$731$465$289$176$23
38 years$1,074$695$436$266$160$19
39 years$1,035$661$408$246$145$16
40 years$998$629$383$227$132$14
41 years$963$598$359$209$119$12
42 years$929$570$337$193$108$10
43 years$898$543$316$178$98$8
44 years$867$518$296$164$89$7
45 years$839$494$278$152$81$6
46 years$811$471$261$140$74$5
47 years$785$449$246$130$67$4
48 years$760$429$231$120$61$4
49 years$736$410$217$111$55$3
50 years$713$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $730,000, adding $6,270 every year, while hoping to spend $54,439 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: 30/43/27 Blend
72$730,000$730,000$730,000$730,000
73$810,928$772,238$760,923$828,365
74$835,719$752,154$728,491$822,362
75$861,216$729,263$693,148$810,713
76$887,430$703,367$654,739$797,096
77$914,378$674,262$613,102$781,375
78$942,071$641,728$568,068$763,411
79$970,524$605,534$519,460$743,052
80$999,748$565,435$467,092$720,143
81$1,029,755$521,175$410,773$694,517
82$1,060,556$472,478$350,300$665,997
83$1,092,161$419,058$285,463$634,399
84$1,124,577$360,607$216,041$599,525
85$1,157,811$296,805$141,807$561,169
86$1,191,869$227,309$62,518$519,112
87$1,226,754$151,761$0$473,124
88$1,262,466$69,781$0$429,325
89$1,299,005$0$0$400,729
90$1,336,365$0$0$378,116
91$1,374,539$0$0$388,731
92$1,413,515$0$0$399,547
93$1,453,278$0$0$410,558
94$1,493,808$0$0$421,756
95$1,535,079$0$0$433,129
96$1,577,061$0$0$444,665
97$1,619,715$0$0$456,350
98$1,662,996$0$0$468,167
99$1,706,851$0$0$480,094
100$1,751,217$0$0$492,109