Can I retire at age 73 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$55,245$54,753$54,273$53,805$53,347$52,768
2 years$27,349$26,840$26,346$25,868$25,403$24,820
3 years$18,052$17,540$17,048$16,574$16,117$15,548
4 years$13,404$12,894$12,406$11,940$11,495$10,944
5 years$10,616$10,109$9,628$9,171$8,738$8,208
6 years$8,758$8,255$7,781$7,334$6,914$6,405
7 years$7,431$6,932$6,466$6,030$5,623$5,134
8 years$6,437$5,942$5,484$5,058$4,665$4,197
9 years$5,664$5,174$4,723$4,309$3,929$3,482
10 years$5,045$4,560$4,118$3,714$3,347$2,921
11 years$4,540$4,060$3,625$3,232$2,879$2,472
12 years$4,119$3,644$3,217$2,835$2,495$2,108
13 years$3,763$3,293$2,874$2,503$2,175$1,808
14 years$3,458$2,993$2,583$2,222$1,907$1,558
15 years$3,195$2,734$2,332$1,982$1,679$1,349
16 years$2,964$2,509$2,114$1,774$1,484$1,171
17 years$2,761$2,311$1,924$1,594$1,316$1,020
18 years$2,580$2,135$1,756$1,437$1,170$891
19 years$2,419$1,979$1,608$1,298$1,043$779
20 years$2,274$1,839$1,475$1,176$931$683
21 years$2,143$1,713$1,357$1,067$834$600
22 years$2,024$1,599$1,251$970$747$527
23 years$1,915$1,495$1,155$884$671$464
24 years$1,816$1,401$1,068$806$603$409
25 years$1,725$1,315$989$736$542$361
26 years$1,641$1,236$917$673$489$318
27 years$1,563$1,163$852$616$441$281
28 years$1,491$1,096$792$564$397$249
29 years$1,424$1,034$737$518$359$220
30 years$1,362$976$686$475$324$195
31 years$1,304$923$640$436$293$172
32 years$1,249$873$597$401$265$153
33 years$1,198$827$558$369$240$135
34 years$1,150$784$521$339$217$120
35 years$1,105$743$487$312$197$106
36 years$1,063$706$456$288$178$94
37 years$1,022$670$426$265$162$83
38 years$985$637$399$244$147$74
39 years$949$606$374$225$133$66
40 years$915$576$351$208$121$58
41 years$882$548$329$192$109$52
42 years$852$522$308$177$99$46
43 years$823$498$289$163$90$41
44 years$795$474$272$151$82$36
45 years$768$452$255$139$74$32
46 years$743$432$240$129$67$28
47 years$719$412$225$119$61$25
48 years$696$393$212$110$56$22
49 years$674$375$199$101$50$20
50 years$653$359$187$94$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $669,000, adding $5,235 every year, while hoping to spend $28,358 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: 57/22/21 Blend
72$669,000$669,000$669,000$669,000
73$742,638$707,181$696,811$780,506
74$788,214$711,660$689,982$811,388
75$837,489$715,408$681,973$841,538
76$890,809$718,360$672,716$873,777
77$948,557$720,445$662,137$908,313
78$1,011,152$721,589$650,161$945,375
79$1,079,056$721,713$636,707$985,219
80$1,152,776$720,733$621,693$1,028,125
81$1,232,870$718,560$605,031$1,074,405
82$1,319,954$715,100$586,630$1,124,403
83$1,414,701$710,252$566,395$1,178,500
84$1,517,857$703,911$544,225$1,237,116
85$1,630,238$695,962$520,017$1,300,717
86$1,752,746$686,288$493,660$1,369,818
87$1,886,370$674,760$465,042$1,444,986
88$2,032,201$661,245$434,043$1,526,849
89$2,191,440$645,600$400,538$1,616,103
90$2,365,408$627,676$364,397$1,713,514
91$2,555,560$607,312$325,484$1,819,929
92$2,763,497$584,340$283,658$1,936,286
93$2,990,982$558,581$238,769$2,063,617
94$3,239,958$529,847$190,663$2,203,067
95$3,512,562$497,938$139,178$2,355,897
96$3,811,148$462,642$84,146$2,523,500
97$4,138,310$423,736$25,389$2,707,415
98$4,496,902$380,984$0$2,909,342
99$4,890,071$334,137$0$3,139,518
100$5,321,279$282,930$0$3,398,269