Can I retire at age 73 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$45,418$45,014$44,619$44,234$43,858$43,581
2 years$22,484$22,066$21,660$21,266$20,885$20,606
3 years$14,841$14,420$14,015$13,626$13,250$12,978
4 years$11,020$10,600$10,200$9,816$9,450$9,186
5 years$8,728$8,311$7,915$7,540$7,184$6,929
6 years$7,200$6,786$6,397$6,030$5,684$5,439
7 years$6,109$5,699$5,316$4,957$4,623$4,387
8 years$5,292$4,885$4,508$4,159$3,835$3,608
9 years$4,656$4,254$3,883$3,542$3,230$3,013
10 years$4,148$3,749$3,385$3,053$2,752$2,544
11 years$3,732$3,338$2,980$2,657$2,367$2,168
12 years$3,386$2,996$2,645$2,331$2,051$1,862
13 years$3,094$2,707$2,363$2,058$1,788$1,608
14 years$2,843$2,461$2,123$1,827$1,568$1,396
15 years$2,626$2,248$1,917$1,629$1,380$1,217
16 years$2,437$2,063$1,738$1,459$1,220$1,065
17 years$2,270$1,900$1,582$1,311$1,082$934
18 years$2,121$1,755$1,444$1,181$962$822
19 years$1,989$1,627$1,322$1,067$857$725
20 years$1,869$1,512$1,213$967$766$641
21 years$1,762$1,408$1,116$877$685$567
22 years$1,664$1,314$1,028$798$614$503
23 years$1,575$1,229$949$726$551$446
24 years$1,493$1,152$878$663$496$397
25 years$1,418$1,081$813$605$446$353
26 years$1,349$1,016$754$553$402$314
27 years$1,285$956$700$506$362$280
28 years$1,226$901$651$464$327$250
29 years$1,171$850$606$425$295$223
30 years$1,120$803$564$390$267$199
31 years$1,072$759$526$359$241$178
32 years$1,027$718$491$330$218$159
33 years$985$680$458$303$197$142
34 years$946$644$428$279$179$127
35 years$908$611$400$257$162$114
36 years$874$580$375$236$147$102
37 years$841$551$351$218$133$91
38 years$809$524$328$201$120$81
39 years$780$498$308$185$109$73
40 years$752$474$288$171$99$65
41 years$725$451$270$158$90$58
42 years$700$429$254$145$82$52
43 years$676$409$238$134$74$47
44 years$653$390$223$124$67$42
45 years$632$372$210$114$61$38
46 years$611$355$197$106$55$34
47 years$591$339$185$98$50$30
48 years$572$323$174$90$46$27
49 years$554$309$163$83$41$24
50 years$537$295$154$77$38$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $550,000, adding $3,260 every year, while hoping to spend $24,756 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: 64/25/11 Blend
72$550,000$550,000$550,000$550,000
73$609,463$580,313$571,788$646,759
74$645,288$582,408$564,602$674,171
75$683,937$583,776$556,347$700,917
76$725,673$584,355$546,959$729,507
77$770,783$584,080$536,373$760,118
78$819,584$582,881$524,522$792,949
79$872,423$580,683$511,335$828,216
80$929,682$577,409$496,738$866,160
81$991,783$572,976$480,652$907,049
82$1,059,187$567,294$462,996$951,174
83$1,132,404$560,270$443,685$998,861
84$1,211,991$551,805$422,631$1,050,468
85$1,298,564$541,795$399,739$1,106,391
86$1,392,802$530,126$374,914$1,167,067
87$1,495,447$516,682$348,054$1,232,979
88$1,607,321$501,338$319,051$1,304,661
89$1,729,325$483,960$287,797$1,382,701
90$1,862,452$464,410$254,174$1,467,751
91$2,007,795$442,540$218,062$1,560,529
92$2,166,558$418,192$179,335$1,661,827
93$2,340,064$391,200$137,860$1,772,522
94$2,529,772$361,391$93,500$1,893,580
95$2,737,288$328,578$46,111$2,026,069
96$2,964,379$292,566$0$2,171,168
97$3,212,992$253,147$0$2,330,701
98$3,485,269$210,104$0$2,511,390
99$3,783,573$163,206$0$2,709,422
100$4,110,502$112,207$0$2,926,565