Can I retire at age 73 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$51,694$51,234$50,785$50,346$49,918$48,771
2 years$25,591$25,115$24,653$24,205$23,771$22,621
3 years$16,891$16,413$15,952$15,508$15,081$13,965
4 years$12,542$12,065$11,609$11,173$10,756$9,682
5 years$9,934$9,459$9,009$8,582$8,176$7,148
6 years$8,195$7,724$7,281$6,863$6,470$5,488
7 years$6,954$6,487$6,050$5,642$5,262$4,326
8 years$6,023$5,560$5,131$4,733$4,365$3,476
9 years$5,299$4,841$4,419$4,032$3,676$2,832
10 years$4,721$4,267$3,853$3,475$3,132$2,333
11 years$4,248$3,799$3,392$3,025$2,694$1,938
12 years$3,854$3,410$3,010$2,653$2,334$1,620
13 years$3,521$3,081$2,690$2,342$2,036$1,363
14 years$3,236$2,801$2,417$2,079$1,784$1,151
15 years$2,989$2,559$2,182$1,854$1,571$976
16 years$2,773$2,348$1,978$1,660$1,389$830
17 years$2,583$2,162$1,800$1,492$1,231$707
18 years$2,414$1,998$1,643$1,344$1,095$604
19 years$2,263$1,852$1,504$1,215$976$517
20 years$2,128$1,721$1,381$1,100$872$443
21 years$2,005$1,603$1,270$998$780$381
22 years$1,894$1,496$1,170$908$699$327
23 years$1,792$1,399$1,081$827$628$281
24 years$1,699$1,311$999$754$564$242
25 years$1,614$1,230$926$689$508$208
26 years$1,535$1,156$858$630$457$180
27 years$1,463$1,088$797$576$412$155
28 years$1,395$1,025$741$528$372$134
29 years$1,333$967$690$484$336$115
30 years$1,274$914$642$444$303$100
31 years$1,220$864$599$408$274$86
32 years$1,169$817$559$375$248$74
33 years$1,121$774$522$345$225$64
34 years$1,076$733$487$317$203$55
35 years$1,034$696$456$292$184$48
36 years$994$660$426$269$167$41
37 years$957$627$399$248$151$36
38 years$921$596$374$229$137$31
39 years$888$567$350$211$124$27
40 years$856$539$328$194$113$23
41 years$826$513$308$179$102$20
42 years$797$489$289$165$93$17
43 years$770$466$271$153$84$15
44 years$744$444$254$141$76$13
45 years$719$423$239$130$69$11
46 years$695$404$224$120$63$10
47 years$673$385$211$111$57$8
48 years$651$368$198$103$52$7
49 years$631$351$186$95$47$6
50 years$611$336$175$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $626,000, adding $4,094 every year, while hoping to spend $48,339 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: 89/5/6 Blend
72$626,000$626,000$626,000$626,000
73$694,075$660,897$651,194$755,377
74$713,438$641,849$621,577$776,833
75$733,157$620,247$589,347$793,195
76$753,215$595,915$554,367$809,582
77$773,595$568,668$516,490$825,957
78$794,277$538,307$475,567$842,280
79$815,233$504,624$431,439$858,506
80$836,436$467,400$383,941$874,583
81$857,849$426,399$332,900$890,455
82$879,434$381,377$278,136$906,060
83$901,144$332,072$219,462$921,326
84$922,927$278,210$156,680$936,175
85$944,722$219,499$89,585$950,522
86$966,462$155,632$17,965$964,270
87$988,068$86,286$0$977,312
88$1,009,454$11,116$0$993,274
89$1,030,520$0$0$1,009,751
90$1,051,155$0$0$1,029,328
91$1,071,234$0$0$1,048,970
92$1,090,616$0$0$1,067,926
93$1,109,143$0$0$1,086,043
94$1,126,640$0$0$1,103,148
95$1,142,909$0$0$1,119,046
96$1,157,730$0$0$1,133,522
97$1,170,857$0$0$1,146,336
98$1,182,017$0$0$1,157,218
99$1,190,905$0$0$1,165,869
100$1,197,181$0$0$1,171,957