Can I retire at age 73 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$54,172$53,689$53,219$52,759$52,310$51,486
2 years$26,818$26,318$25,834$25,365$24,910$24,081
3 years$17,701$17,199$16,716$16,252$15,804$14,997
4 years$13,143$12,643$12,165$11,708$11,271$10,493
5 years$10,410$9,913$9,441$8,993$8,568$7,820
6 years$8,588$8,094$7,630$7,192$6,780$6,063
7 years$7,287$6,798$6,340$5,913$5,514$4,828
8 years$6,312$5,827$5,377$4,960$4,574$3,919
9 years$5,553$5,073$4,631$4,225$3,852$3,228
10 years$4,947$4,472$4,038$3,642$3,282$2,689
11 years$4,452$3,981$3,555$3,170$2,823$2,259
12 years$4,039$3,573$3,155$2,780$2,446$1,911
13 years$3,690$3,229$2,818$2,454$2,133$1,626
14 years$3,391$2,935$2,532$2,179$1,870$1,391
15 years$3,133$2,681$2,286$1,943$1,646$1,194
16 years$2,906$2,460$2,073$1,740$1,455$1,028
17 years$2,707$2,266$1,886$1,563$1,290$888
18 years$2,530$2,094$1,722$1,409$1,147$768
19 years$2,372$1,940$1,576$1,273$1,023$667
20 years$2,230$1,803$1,447$1,153$913$579
21 years$2,101$1,679$1,331$1,046$817$504
22 years$1,984$1,568$1,226$951$733$439
23 years$1,878$1,466$1,132$866$658$383
24 years$1,781$1,374$1,047$790$591$334
25 years$1,691$1,289$970$722$532$292
26 years$1,609$1,212$900$660$479$255
27 years$1,533$1,140$835$604$432$223
28 years$1,462$1,074$777$553$390$196
29 years$1,396$1,014$723$507$352$171
30 years$1,335$957$673$466$318$150
31 years$1,278$905$628$428$288$132
32 years$1,225$856$586$393$260$115
33 years$1,175$811$547$361$235$101
34 years$1,128$769$511$333$213$89
35 years$1,084$729$478$306$193$78
36 years$1,042$692$447$282$175$68
37 years$1,003$657$418$260$158$60
38 years$965$625$392$239$144$53
39 years$930$594$367$221$130$46
40 years$897$565$344$204$118$41
41 years$865$538$322$188$107$36
42 years$835$512$302$173$97$31
43 years$807$488$284$160$88$27
44 years$779$465$266$148$80$24
45 years$754$444$250$137$73$21
46 years$729$423$235$126$66$19
47 years$705$404$221$116$60$16
48 years$683$386$207$108$54$14
49 years$661$368$195$99$49$13
50 years$640$352$183$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $656,000, adding $6,212 every year, while hoping to spend $30,579 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: 62/8/30 Blend
72$656,000$656,000$656,000$656,000
73$729,320$694,552$684,384$768,286
74$771,174$696,049$674,775$797,036
75$816,274$696,595$663,819$824,577
76$864,916$696,110$651,439$854,014
77$917,429$694,511$637,554$885,538
78$974,173$691,709$622,079$919,362
79$1,035,546$687,609$604,925$955,721
80$1,101,981$682,112$586,000$994,876
81$1,173,958$675,111$565,206$1,037,114
82$1,252,004$666,493$542,443$1,082,755
83$1,336,697$656,140$517,603$1,132,152
84$1,428,674$643,924$490,576$1,185,694
85$1,528,635$629,713$461,247$1,243,813
86$1,637,350$613,363$429,493$1,306,985
87$1,755,667$594,725$395,188$1,375,739
88$1,884,519$573,641$358,201$1,450,657
89$2,024,931$549,941$318,392$1,532,383
90$2,178,034$523,447$275,618$1,621,629
91$2,345,070$493,972$229,728$1,719,183
92$2,527,407$461,317$180,563$1,825,913
93$2,726,551$425,270$127,961$1,942,780
94$2,944,160$385,610$71,749$2,070,845
95$3,182,060$342,100$11,748$2,211,281
96$3,442,260$294,493$0$2,365,380
97$3,726,973$242,525$0$2,551,310
98$4,038,635$185,919$0$2,759,012
99$4,379,929$124,383$0$2,986,531
100$4,753,809$57,605$0$3,235,859