Can I retire at age 73 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$56,567$56,063$55,571$55,091$54,623$54,007
2 years$28,003$27,482$26,976$26,486$26,011$25,391
3 years$18,483$17,960$17,455$16,970$16,502$15,898
4 years$13,724$13,202$12,703$12,226$11,770$11,185
5 years$10,870$10,351$9,858$9,391$8,947$8,384
6 years$8,967$8,452$7,967$7,510$7,080$6,539
7 years$7,609$7,098$6,620$6,174$5,758$5,239
8 years$6,591$6,084$5,615$5,179$4,776$4,280
9 years$5,799$5,298$4,836$4,412$4,022$3,548
10 years$5,166$4,670$4,216$3,803$3,427$2,975
11 years$4,649$4,157$3,712$3,310$2,948$2,517
12 years$4,218$3,731$3,294$2,903$2,554$2,144
13 years$3,853$3,372$2,943$2,563$2,227$1,838
14 years$3,541$3,065$2,644$2,275$1,953$1,583
15 years$3,271$2,800$2,387$2,029$1,719$1,369
16 years$3,035$2,569$2,165$1,817$1,519$1,188
17 years$2,827$2,366$1,970$1,632$1,347$1,034
18 years$2,642$2,186$1,798$1,471$1,198$902
19 years$2,477$2,026$1,646$1,329$1,068$789
20 years$2,328$1,883$1,511$1,204$954$691
21 years$2,194$1,754$1,390$1,093$853$606
22 years$2,072$1,637$1,281$993$765$533
23 years$1,961$1,531$1,182$905$687$468
24 years$1,859$1,434$1,094$825$617$413
25 years$1,766$1,346$1,013$754$555$364
26 years$1,680$1,265$939$689$500$321
27 years$1,600$1,191$872$631$451$283
28 years$1,527$1,122$811$578$407$250
29 years$1,458$1,058$755$530$368$221
30 years$1,394$1,000$703$486$332$195
31 years$1,335$945$655$447$300$173
32 years$1,279$894$611$410$272$153
33 years$1,227$847$571$377$246$135
34 years$1,178$803$533$347$223$120
35 years$1,131$761$499$320$202$106
36 years$1,088$722$467$294$183$94
37 years$1,047$686$437$271$166$83
38 years$1,008$652$409$250$150$74
39 years$971$620$383$231$136$65
40 years$937$590$359$213$123$58
41 years$903$562$337$196$112$51
42 years$872$535$316$181$102$46
43 years$842$510$296$167$92$40
44 years$814$486$278$154$84$36
45 years$787$463$261$143$76$32
46 years$761$442$245$132$69$28
47 years$736$422$230$122$63$25
48 years$713$403$217$112$57$22
49 years$690$384$204$104$52$20
50 years$669$367$191$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $685,000, adding $2,889 every year, while hoping to spend $42,725 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: 60/15/25 Blend
72$685,000$685,000$685,000$685,000
73$757,850$721,545$710,928$798,082
74$789,692$711,442$689,285$815,680
75$823,349$699,411$665,485$830,002
76$858,963$685,314$639,410$844,709
77$896,685$669,003$610,939$859,845
78$936,684$650,321$579,942$875,465
79$979,141$629,102$546,286$891,627
80$1,024,257$605,172$509,830$908,402
81$1,072,250$578,344$470,427$925,866
82$1,123,359$548,422$427,926$944,106
83$1,177,846$515,199$382,166$963,223
84$1,235,997$478,455$332,980$983,328
85$1,298,128$437,958$280,193$1,004,548
86$1,364,581$393,462$223,624$1,027,025
87$1,435,735$344,709$163,083$1,050,918
88$1,512,004$291,423$98,370$1,076,407
89$1,593,842$233,316$29,278$1,103,693
90$1,681,746$170,082$0$1,133,003
91$1,776,266$101,397$0$1,176,447
92$1,878,000$26,920$0$1,231,554
93$1,987,608$0$0$1,290,886
94$2,105,815$0$0$1,363,727
95$2,233,417$0$0$1,447,195
96$2,371,287$0$0$1,537,424
97$2,520,388$0$0$1,635,049
98$2,681,774$0$0$1,740,768
99$2,856,607$0$0$1,855,346
100$3,046,164$0$0$1,979,628