Can I retire at age 73 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$55,493$54,999$54,517$54,046$53,586$52,101
2 years$27,472$26,960$26,464$25,984$25,517$24,032
3 years$18,133$17,619$17,124$16,648$16,189$14,750
4 years$13,464$12,952$12,462$11,994$11,546$10,165
5 years$10,663$10,154$9,671$9,212$8,777$7,457
6 years$8,797$8,292$7,816$7,367$6,945$5,688
7 years$7,464$6,963$6,495$6,057$5,648$4,453
8 years$6,465$5,969$5,508$5,081$4,686$3,553
9 years$5,689$5,197$4,744$4,328$3,946$2,874
10 years$5,068$4,581$4,136$3,731$3,362$2,350
11 years$4,560$4,078$3,641$3,247$2,892$1,937
12 years$4,138$3,660$3,232$2,848$2,506$1,607
13 years$3,780$3,308$2,887$2,514$2,185$1,341
14 years$3,474$3,007$2,594$2,232$1,916$1,123
15 years$3,209$2,747$2,342$1,990$1,687$944
16 years$2,977$2,520$2,124$1,782$1,491$796
17 years$2,773$2,321$1,932$1,601$1,322$673
18 years$2,592$2,145$1,764$1,443$1,175$570
19 years$2,430$1,988$1,615$1,304$1,047$483
20 years$2,284$1,847$1,482$1,181$936$410
21 years$2,152$1,720$1,363$1,072$837$349
22 years$2,033$1,606$1,256$975$750$297
23 years$1,924$1,502$1,160$888$674$253
24 years$1,824$1,407$1,073$809$606$216
25 years$1,733$1,321$994$739$545$184
26 years$1,648$1,241$922$676$491$157
27 years$1,570$1,168$856$619$442$134
28 years$1,498$1,101$796$567$399$115
29 years$1,431$1,038$740$520$361$98
30 years$1,368$981$690$477$326$84
31 years$1,309$927$643$438$295$72
32 years$1,255$877$600$403$266$61
33 years$1,203$831$560$370$241$52
34 years$1,155$787$523$341$218$45
35 years$1,110$747$489$314$198$38
36 years$1,067$709$458$289$179$33
37 years$1,027$673$428$266$162$28
38 years$989$640$401$245$147$24
39 years$953$608$376$226$133$21
40 years$919$579$352$209$121$18
41 years$886$551$330$192$110$15
42 years$856$525$310$178$100$13
43 years$826$500$291$164$90$11
44 years$798$477$273$151$82$9
45 years$772$454$256$140$75$8
46 years$747$434$241$129$68$7
47 years$722$414$226$119$61$6
48 years$699$395$212$110$56$5
49 years$677$377$200$102$51$4
50 years$656$360$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $672,000, adding $5,313 every year, while hoping to spend $33,207 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: 67/6/27 Blend
72$672,000$672,000$672,000$672,000
73$746,024$710,408$699,992$790,422
74$786,787$709,886$688,110$820,448
75$830,594$708,226$674,717$849,040
76$877,722$705,336$659,727$879,564
77$928,472$701,120$643,051$912,212
78$983,178$695,477$624,594$947,196
79$1,042,203$688,296$604,260$984,752
80$1,105,950$679,465$581,944$1,025,140
81$1,174,858$668,860$557,540$1,068,648
82$1,249,412$656,352$530,936$1,115,594
83$1,330,144$641,805$502,015$1,166,330
84$1,417,639$625,075$470,653$1,221,245
85$1,512,542$606,006$436,723$1,280,769
86$1,615,558$584,438$400,091$1,345,377
87$1,727,468$560,198$360,616$1,415,593
88$1,849,127$533,105$318,154$1,491,999
89$1,981,477$502,967$272,552$1,575,234
90$2,125,555$469,579$223,649$1,666,007
91$2,282,500$432,727$171,280$1,765,100
92$2,453,569$392,184$115,271$1,873,378
93$2,640,141$347,709$55,441$1,991,793
94$2,843,737$299,049$0$2,121,400
95$3,066,031$245,935$0$2,265,785
96$3,308,863$188,083$0$2,441,013
97$3,574,263$125,195$0$2,632,573
98$3,864,463$56,954$0$2,842,092
99$4,181,920$0$0$3,071,365
100$4,529,341$0$0$3,323,487