Can I retire at age 73 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$49,960$49,515$49,081$48,657$48,244$47,347
2 years$24,733$24,272$23,826$23,393$22,973$22,073
3 years$16,325$15,862$15,417$14,988$14,575$13,700
4 years$12,122$11,660$11,220$10,798$10,395$9,551
5 years$9,600$9,142$8,707$8,294$7,902$7,092
6 years$7,920$7,465$7,036$6,633$6,253$5,477
7 years$6,720$6,269$5,847$5,453$5,085$4,345
8 years$5,821$5,374$4,959$4,575$4,219$3,513
9 years$5,122$4,679$4,271$3,896$3,553$2,881
10 years$4,563$4,124$3,724$3,359$3,027$2,390
11 years$4,106$3,672$3,278$2,923$2,603$1,999
12 years$3,725$3,295$2,909$2,564$2,256$1,684
13 years$3,403$2,978$2,599$2,264$1,967$1,426
14 years$3,128$2,707$2,336$2,009$1,725$1,214
15 years$2,889$2,473$2,109$1,792$1,518$1,037
16 years$2,680$2,269$1,912$1,605$1,342$888
17 years$2,497$2,089$1,740$1,442$1,190$763
18 years$2,333$1,931$1,588$1,299$1,058$657
19 years$2,187$1,789$1,454$1,174$943$567
20 years$2,056$1,663$1,334$1,063$842$490
21 years$1,938$1,549$1,227$965$754$424
22 years$1,830$1,446$1,131$877$676$368
23 years$1,732$1,352$1,044$799$607$319
24 years$1,642$1,267$966$729$545$277
25 years$1,560$1,189$895$666$491$241
26 years$1,484$1,117$830$609$442$209
27 years$1,414$1,052$770$557$398$182
28 years$1,348$991$716$510$359$158
29 years$1,288$935$667$468$325$138
30 years$1,232$883$621$430$293$120
31 years$1,179$835$579$394$265$105
32 years$1,130$790$540$363$240$91
33 years$1,083$748$504$333$217$80
34 years$1,040$709$471$307$197$69
35 years$999$672$440$282$178$61
36 years$961$638$412$260$161$53
37 years$925$606$386$240$146$46
38 years$890$576$361$221$133$40
39 years$858$548$338$204$120$35
40 years$827$521$317$188$109$31
41 years$798$496$297$173$99$27
42 years$770$472$279$160$90$23
43 years$744$450$262$148$81$20
44 years$719$429$246$136$74$18
45 years$695$409$231$126$67$16
46 years$672$390$217$116$61$14
47 years$650$372$204$107$55$12
48 years$630$356$191$99$50$10
49 years$610$340$180$92$46$9
50 years$591$324$169$85$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $605,000, adding $2,402 every year, while hoping to spend $40,654 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: 61/19/20 Blend
72$605,000$605,000$605,000$605,000
73$669,188$637,123$627,745$706,387
74$694,189$625,086$605,519$719,778
75$720,378$611,097$581,186$729,672
76$747,834$595,017$554,632$739,544
77$776,639$576,700$525,739$749,399
78$806,888$555,990$494,382$759,240
79$838,679$532,722$460,433$769,077
80$872,122$506,723$423,755$778,919
81$907,335$477,809$384,207$788,781
82$944,447$445,785$341,642$798,679
83$983,597$410,446$295,904$808,637
84$1,024,940$371,574$246,833$818,678
85$1,068,642$328,939$194,260$828,837
86$1,114,885$282,298$138,009$839,149
87$1,163,868$231,395$77,897$849,660
88$1,215,808$175,959$13,732$860,423
89$1,270,943$115,703$0$871,499
90$1,329,531$50,325$0$894,640
91$1,391,858$0$0$922,135
92$1,458,233$0$0$955,475
93$1,528,998$0$0$1,002,264
94$1,604,524$0$0$1,052,229
95$1,685,220$0$0$1,105,644
96$1,771,534$0$0$1,162,810
97$1,863,956$0$0$1,224,054
98$1,963,025$0$0$1,289,739
99$2,069,330$0$0$1,360,259
100$2,183,520$0$0$1,436,050