Can I retire at age 73 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$41,785$41,413$41,050$40,695$40,349$40,011
2 years$20,686$20,300$19,927$19,565$19,214$18,873
3 years$13,653$13,267$12,894$12,535$12,190$11,857
4 years$10,138$9,752$9,384$9,031$8,694$8,372
5 years$8,029$7,646$7,282$6,937$6,609$6,298
6 years$6,624$6,243$5,885$5,547$5,230$4,930
7 years$5,621$5,243$4,890$4,561$4,253$3,966
8 years$4,868$4,494$4,147$3,826$3,528$3,253
9 years$4,284$3,913$3,572$3,259$2,971$2,708
10 years$3,816$3,449$3,114$2,809$2,532$2,280
11 years$3,434$3,071$2,742$2,445$2,177$1,937
12 years$3,115$2,756$2,433$2,144$1,887$1,658
13 years$2,846$2,491$2,174$1,893$1,645$1,427
14 years$2,616$2,264$1,953$1,681$1,442$1,235
15 years$2,416$2,068$1,764$1,499$1,270$1,073
16 years$2,242$1,898$1,599$1,342$1,122$936
17 years$2,088$1,748$1,455$1,206$995$818
18 years$1,951$1,615$1,328$1,087$885$718
19 years$1,829$1,497$1,216$982$789$631
20 years$1,720$1,391$1,116$889$704$555
21 years$1,621$1,295$1,026$807$630$490
22 years$1,531$1,209$946$734$565$433
23 years$1,449$1,131$873$668$507$383
24 years$1,374$1,060$808$610$456$339
25 years$1,305$994$748$557$410$300
26 years$1,241$935$694$509$370$266
27 years$1,182$880$644$466$333$236
28 years$1,128$829$599$427$301$210
29 years$1,077$782$557$391$271$186
30 years$1,030$738$519$359$245$166
31 years$986$698$484$330$222$147
32 years$945$660$452$303$201$131
33 years$906$625$422$279$182$117
34 years$870$593$394$257$164$104
35 years$836$562$368$236$149$93
36 years$804$534$345$218$135$83
37 years$773$507$323$200$122$74
38 years$745$482$302$185$111$66
39 years$717$458$283$170$101$58
40 years$692$436$265$157$91$52
41 years$667$415$249$145$83$47
42 years$644$395$233$134$75$41
43 years$622$376$219$123$68$37
44 years$601$359$205$114$62$33
45 years$581$342$193$105$56$29
46 years$562$326$181$97$51$26
47 years$544$312$170$90$46$23
48 years$527$297$160$83$42$21
49 years$510$284$150$77$38$19
50 years$494$271$141$71$35$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $506,000, adding $3,581 every year, while hoping to spend $20,503 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: 60/31/9 Blend
72$506,000$506,000$506,000$506,000
73$561,306$534,488$526,645$593,638
74$596,744$538,863$522,472$620,130
75$635,110$542,765$517,473$646,356
76$676,680$546,149$511,597$674,452
77$721,759$548,968$504,794$704,601
78$770,682$551,171$497,008$737,001
79$823,817$552,705$488,183$771,873
80$881,570$553,510$478,261$809,462
81$944,386$553,528$467,178$850,036
82$1,012,755$552,693$454,870$893,893
83$1,087,217$550,936$441,270$941,361
84$1,168,366$548,184$426,305$992,802
85$1,256,854$544,361$409,902$1,048,616
86$1,353,403$539,383$391,982$1,109,245
87$1,458,802$533,165$372,466$1,175,177
88$1,573,923$525,614$351,267$1,246,950
89$1,699,726$516,632$328,297$1,325,157
90$1,837,267$506,115$303,464$1,410,456
91$1,987,708$493,955$276,670$1,503,571
92$2,152,330$480,035$247,814$1,605,301
93$2,332,542$464,231$216,790$1,716,528
94$2,529,898$446,414$183,489$1,838,226
95$2,746,106$426,447$147,794$1,971,471
96$2,983,049$404,183$109,585$2,117,448
97$3,242,800$379,469$68,737$2,277,468
98$3,527,644$352,141$25,118$2,452,974
99$3,840,096$322,028$0$2,645,562
100$4,182,925$288,947$0$2,859,048