Can I retire at age 73 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$50,208$49,761$49,325$48,899$48,483$48,097
2 years$24,855$24,393$23,944$23,509$23,087$22,698
3 years$16,406$15,941$15,493$15,062$14,647$14,267
4 years$12,182$11,718$11,275$10,852$10,447$10,078
5 years$9,648$9,187$8,750$8,335$7,941$7,586
6 years$7,959$7,502$7,071$6,666$6,284$5,942
7 years$6,754$6,300$5,876$5,480$5,110$4,782
8 years$5,850$5,400$4,984$4,597$4,240$3,925
9 years$5,147$4,702$4,292$3,916$3,570$3,269
10 years$4,585$4,145$3,742$3,375$3,042$2,754
11 years$4,126$3,690$3,295$2,938$2,616$2,341
12 years$3,743$3,312$2,924$2,577$2,267$2,005
13 years$3,420$2,993$2,612$2,275$1,977$1,728
14 years$3,143$2,720$2,347$2,019$1,733$1,496
15 years$2,903$2,485$2,119$1,801$1,526$1,301
16 years$2,694$2,280$1,921$1,613$1,349$1,135
17 years$2,509$2,100$1,748$1,449$1,196$993
18 years$2,345$1,940$1,596$1,306$1,063$872
19 years$2,198$1,798$1,461$1,180$948$766
20 years$2,066$1,671$1,341$1,069$846$675
21 years$1,947$1,557$1,233$970$758$596
22 years$1,839$1,453$1,137$882$679$527
23 years$1,741$1,359$1,050$803$610$466
24 years$1,650$1,273$971$732$548$413
25 years$1,568$1,195$899$669$493$366
26 years$1,491$1,123$834$612$444$325
27 years$1,421$1,057$774$560$400$289
28 years$1,355$996$720$513$361$257
29 years$1,294$939$670$470$326$228
30 years$1,238$887$624$432$295$203
31 years$1,185$839$582$396$266$181
32 years$1,135$794$543$364$241$161
33 years$1,089$752$507$335$218$144
34 years$1,045$712$473$308$198$128
35 years$1,004$676$443$284$179$114
36 years$966$641$414$261$162$102
37 years$929$609$388$241$147$91
38 years$895$579$363$222$133$81
39 years$862$550$340$205$121$72
40 years$831$524$319$189$110$64
41 years$802$498$299$174$99$58
42 years$774$475$280$161$90$51
43 years$748$452$263$148$82$46
44 years$722$431$247$137$74$41
45 years$698$411$232$127$67$37
46 years$675$392$218$117$61$33
47 years$654$374$205$108$56$29
48 years$633$357$192$100$50$26
49 years$613$341$181$92$46$23
50 years$594$326$170$85$42$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $608,000, adding $2,540 every year, while hoping to spend $27,302 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: 65/22/13 Blend
72$608,000$608,000$608,000$608,000
73$672,636$640,412$630,988$714,166
74$712,196$642,743$623,077$744,557
75$754,876$644,273$613,986$774,335
76$800,965$644,935$603,646$806,189
77$850,782$644,655$591,987$840,321
78$904,675$643,357$578,933$876,953
79$963,031$640,960$564,405$916,332
80$1,026,269$637,376$548,322$958,730
81$1,094,856$632,515$530,598$1,004,445
82$1,169,302$626,279$511,144$1,053,810
83$1,250,169$618,565$489,865$1,107,191
84$1,338,074$609,262$466,664$1,164,992
85$1,433,698$598,257$441,437$1,227,660
86$1,537,788$585,424$414,079$1,295,688
87$1,651,168$570,636$384,476$1,369,620
88$1,774,744$553,753$352,512$1,450,058
89$1,909,511$534,631$318,065$1,537,666
90$2,056,568$513,114$281,007$1,633,177
91$2,217,122$489,040$241,204$1,737,400
92$2,392,501$462,237$198,518$1,851,230
93$2,584,171$432,520$152,802$1,975,653
94$2,793,741$399,699$103,906$2,111,758
95$3,022,985$363,567$51,670$2,260,748
96$3,273,858$323,910$0$2,423,950
97$3,548,509$280,499$0$2,603,393
98$3,849,307$233,094$0$2,807,816
99$4,178,861$181,439$0$3,031,853
100$4,540,042$125,267$0$3,277,498