Can I retire at age 73 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$59,209$58,682$58,167$57,665$57,175$56,814
2 years$29,311$28,766$28,237$27,724$27,226$26,863
3 years$19,347$18,799$18,271$17,763$17,273$16,918
4 years$14,366$13,819$13,297$12,797$12,319$11,975
5 years$11,378$10,834$10,319$9,829$9,365$9,032
6 years$9,386$8,847$8,339$7,861$7,410$7,090
7 years$7,964$7,430$6,930$6,463$6,027$5,719
8 years$6,898$6,369$5,877$5,421$5,000$4,704
9 years$6,070$5,545$5,062$4,618$4,210$3,927
10 years$5,407$4,888$4,413$3,981$3,587$3,317
11 years$4,866$4,351$3,885$3,464$3,085$2,827
12 years$4,415$3,905$3,448$3,039$2,674$2,427
13 years$4,033$3,529$3,081$2,683$2,331$2,096
14 years$3,707$3,208$2,768$2,381$2,044$1,820
15 years$3,424$2,931$2,499$2,124$1,800$1,587
16 years$3,177$2,689$2,266$1,902$1,590$1,388
17 years$2,959$2,476$2,062$1,709$1,410$1,218
18 years$2,765$2,288$1,882$1,540$1,254$1,072
19 years$2,592$2,121$1,723$1,391$1,118$945
20 years$2,437$1,971$1,581$1,260$998$835
21 years$2,296$1,836$1,454$1,144$893$740
22 years$2,169$1,713$1,340$1,040$801$656
23 years$2,053$1,603$1,238$947$719$582
24 years$1,946$1,501$1,145$864$646$517
25 years$1,849$1,409$1,060$789$581$460
26 years$1,758$1,324$983$721$524$410
27 years$1,675$1,246$913$660$472$365
28 years$1,598$1,174$849$605$426$326
29 years$1,526$1,108$790$555$385$290
30 years$1,460$1,046$736$509$348$259
31 years$1,397$989$686$468$314$232
32 years$1,339$936$640$430$284$207
33 years$1,284$886$598$395$257$185
34 years$1,233$840$558$364$233$165
35 years$1,184$797$522$335$211$148
36 years$1,139$756$488$308$191$132
37 years$1,096$718$457$284$173$119
38 years$1,055$683$428$262$157$106
39 years$1,017$649$401$241$142$95
40 years$980$618$376$223$129$85
41 years$946$588$352$205$117$76
42 years$913$560$331$190$106$68
43 years$882$533$310$175$97$61
44 years$852$508$291$162$88$55
45 years$824$485$273$149$80$49
46 years$797$463$257$138$72$44
47 years$771$441$241$127$66$39
48 years$746$421$227$118$60$35
49 years$723$402$213$109$54$32
50 years$700$384$200$101$49$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $717,000, adding $3,264 every year, while hoping to spend $59,186 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: 63/8/29 Blend
72$717,000$717,000$717,000$717,000
73$793,501$755,500$744,386$837,139
74$811,464$729,546$706,350$841,200
75$829,277$700,337$665,055$838,893
76$846,860$667,650$620,332$835,112
77$864,126$631,251$571,999$829,723
78$880,975$590,891$519,870$822,580
79$897,298$546,308$463,749$813,525
80$912,970$497,224$403,431$802,388
81$927,850$443,346$338,704$788,984
82$941,784$384,363$269,344$773,112
83$954,597$319,947$195,117$754,552
84$966,094$249,753$115,782$733,070
85$976,059$173,414$31,084$708,407
86$984,250$90,545$0$680,285
87$990,399$737$0$666,751
88$994,206$0$0$660,580
89$995,339$0$0$660,366
90$993,429$0$0$658,074
91$988,066$0$0$653,355
92$978,796$0$0$645,891
93$965,113$0$0$635,331
94$946,458$0$0$621,287
95$922,212$0$0$603,326
96$891,689$0$0$580,972
97$854,127$0$0$553,694
98$808,686$0$0$520,909
99$754,434$0$0$481,967
100$690,342$0$0$436,153