Can I retire at age 73 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$46,244$45,832$45,430$45,038$44,655$44,226
2 years$22,893$22,467$22,054$21,653$21,264$20,832
3 years$15,111$14,682$14,270$13,873$13,491$13,069
4 years$11,220$10,793$10,385$9,995$9,622$9,213
5 years$8,886$8,462$8,059$7,677$7,314$6,920
6 years$7,331$6,910$6,513$6,139$5,788$5,409
7 years$6,220$5,803$5,412$5,048$4,707$4,343
8 years$5,388$4,974$4,590$4,234$3,905$3,557
9 years$4,741$4,331$3,953$3,607$3,288$2,955
10 years$4,223$3,817$3,447$3,109$2,802$2,484
11 years$3,800$3,398$3,034$2,706$2,410$2,106
12 years$3,448$3,050$2,693$2,373$2,088$1,799
13 years$3,150$2,757$2,406$2,095$1,821$1,546
14 years$2,895$2,506$2,162$1,860$1,596$1,335
15 years$2,674$2,289$1,952$1,659$1,405$1,158
16 years$2,481$2,100$1,770$1,485$1,242$1,008
17 years$2,311$1,934$1,610$1,334$1,101$879
18 years$2,160$1,787$1,470$1,203$979$769
19 years$2,025$1,656$1,346$1,087$873$675
20 years$1,903$1,539$1,235$984$780$593
21 years$1,794$1,434$1,136$893$698$522
22 years$1,694$1,338$1,047$812$625$460
23 years$1,603$1,252$967$740$561$406
24 years$1,520$1,173$894$675$505$358
25 years$1,444$1,101$828$616$454$317
26 years$1,373$1,034$768$563$409$280
27 years$1,308$973$713$516$369$248
28 years$1,248$917$663$472$333$220
29 years$1,192$865$617$433$300$195
30 years$1,140$817$575$398$271$173
31 years$1,091$773$536$365$245$153
32 years$1,046$731$500$336$222$136
33 years$1,003$692$467$309$201$121
34 years$963$656$436$284$182$107
35 years$925$622$408$261$165$95
36 years$889$591$381$241$149$85
37 years$856$561$357$222$135$75
38 years$824$533$334$204$123$67
39 years$794$507$313$188$111$60
40 years$766$482$294$174$101$53
41 years$739$459$275$160$92$47
42 years$713$437$258$148$83$42
43 years$689$417$242$137$75$37
44 years$665$397$227$126$68$33
45 years$643$379$214$117$62$30
46 years$622$361$201$108$56$26
47 years$602$345$188$99$51$23
48 years$583$329$177$92$47$21
49 years$564$314$166$85$42$19
50 years$547$300$156$78$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $560,000, adding $5,994 every year, while hoping to spend $38,896 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: 51/31/18 Blend
72$560,000$560,000$560,000$560,000
73$623,303$593,623$584,943$651,713
74$645,495$581,325$563,153$659,617
75$668,646$567,122$539,330$663,673
76$692,815$550,877$513,365$667,242
77$718,062$532,450$485,142$670,290
78$744,453$511,689$454,543$672,783
79$772,060$488,434$421,443$674,688
80$800,961$462,518$385,712$675,967
81$831,239$433,762$347,214$676,587
82$862,987$401,977$305,806$676,509
83$896,301$366,964$261,341$675,697
84$931,291$328,512$213,663$674,114
85$968,071$286,398$162,609$671,723
86$1,006,770$240,387$108,012$668,488
87$1,047,524$190,230$49,694$664,372
88$1,090,485$135,664$0$659,340
89$1,135,815$76,412$0$655,766
90$1,183,693$12,181$0$661,553
91$1,234,313$0$0$667,154
92$1,287,888$0$0$692,142
93$1,344,649$0$0$723,045
94$1,404,850$0$0$755,849
95$1,468,767$0$0$790,711
96$1,536,703$0$0$827,797
97$1,608,990$0$0$867,294
98$1,685,989$0$0$909,404
99$1,768,099$0$0$954,349
100$1,855,752$0$0$1,002,373