Can I retire at age 73 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$60,613$60,073$59,546$59,032$58,530$58,235
2 years$30,006$29,448$28,906$28,381$27,872$27,573
3 years$19,806$19,244$18,704$18,184$17,683$17,391
4 years$14,706$14,147$13,612$13,100$12,612$12,328
5 years$11,647$11,091$10,563$10,062$9,587$9,314
6 years$9,609$9,057$8,537$8,047$7,586$7,322
7 years$8,153$7,606$7,094$6,616$6,169$5,916
8 years$7,062$6,520$6,016$5,550$5,118$4,875
9 years$6,214$5,676$5,182$4,727$4,310$4,077
10 years$5,536$5,004$4,518$4,075$3,672$3,449
11 years$4,981$4,454$3,977$3,546$3,158$2,945
12 years$4,519$3,998$3,530$3,111$2,737$2,533
13 years$4,129$3,613$3,154$2,746$2,387$2,192
14 years$3,794$3,284$2,834$2,438$2,092$1,907
15 years$3,505$3,000$2,558$2,174$1,842$1,666
16 years$3,252$2,753$2,319$1,947$1,628$1,460
17 years$3,029$2,535$2,111$1,749$1,444$1,284
18 years$2,831$2,342$1,927$1,576$1,284$1,133
19 years$2,654$2,171$1,764$1,424$1,144$1,001
20 years$2,495$2,017$1,619$1,290$1,022$886
21 years$2,351$1,879$1,489$1,171$914$786
22 years$2,220$1,754$1,372$1,064$820$699
23 years$2,101$1,641$1,267$969$736$622
24 years$1,992$1,537$1,172$884$661$554
25 years$1,892$1,442$1,085$807$595$494
26 years$1,800$1,356$1,007$738$536$441
27 years$1,715$1,276$935$676$483$394
28 years$1,636$1,202$869$619$436$352
29 years$1,563$1,134$809$568$394$315
30 years$1,494$1,071$753$521$356$282
31 years$1,430$1,013$702$479$322$252
32 years$1,370$958$655$440$291$226
33 years$1,314$907$612$404$263$202
34 years$1,262$860$572$372$238$181
35 years$1,212$816$534$343$216$163
36 years$1,166$774$500$316$196$146
37 years$1,122$735$468$291$177$131
38 years$1,080$699$438$268$161$118
39 years$1,041$664$410$247$146$106
40 years$1,003$632$385$228$132$95
41 years$968$602$361$210$120$85
42 years$934$573$338$194$109$76
43 years$903$546$318$179$99$69
44 years$872$521$298$165$90$62
45 years$843$496$280$153$81$55
46 years$815$473$263$141$74$50
47 years$789$452$247$130$67$45
48 years$764$431$232$120$61$40
49 years$740$412$218$111$55$36
50 years$717$393$205$103$50$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $734,000, adding $2,656 every year, while hoping to spend $34,976 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: 50/30/20 Blend
72$734,000$734,000$734,000$734,000
73$811,608$772,706$761,329$847,535
74$857,177$773,354$749,619$873,320
75$906,223$772,862$736,345$897,530
76$959,062$771,137$721,417$923,104
77$1,016,044$768,079$704,741$950,182
78$1,077,551$763,586$686,221$978,923
79$1,144,004$757,545$665,753$1,009,503
80$1,215,868$749,839$643,230$1,042,118
81$1,293,649$740,344$618,541$1,076,987
82$1,377,907$728,927$591,568$1,114,350
83$1,469,257$715,448$562,189$1,154,479
84$1,568,376$699,759$530,277$1,197,671
85$1,676,005$681,703$495,697$1,244,261
86$1,792,965$661,113$458,309$1,294,618
87$1,920,153$637,814$417,969$1,349,151
88$2,058,560$611,619$374,522$1,408,316
89$2,209,276$582,330$327,811$1,472,619
90$2,373,497$549,739$277,668$1,542,619
91$2,552,544$513,626$223,919$1,618,939
92$2,747,867$473,758$166,385$1,702,267
93$2,961,065$429,887$104,874$1,793,366
94$3,193,895$381,754$39,189$1,893,085
95$3,448,295$329,082$0$2,002,358
96$3,726,395$271,581$0$2,128,822
97$4,030,542$208,943$0$2,276,384
98$4,363,319$140,844$0$2,437,992
99$4,727,573$66,940$0$2,615,107
100$5,126,435$0$0$2,809,339