Can I retire at age 73 with 726,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$59,952$59,418$58,897$58,389$57,892$56,957
2 years$29,679$29,127$28,591$28,072$27,568$26,628
3 years$19,590$19,035$18,500$17,986$17,490$16,575
4 years$14,546$13,992$13,463$12,958$12,474$11,591
5 years$11,520$10,970$10,448$9,953$9,483$8,634
6 years$9,504$8,958$8,444$7,959$7,503$6,690
7 years$8,064$7,523$7,017$6,544$6,102$5,324
8 years$6,985$6,449$5,951$5,489$5,062$4,320
9 years$6,146$5,615$5,125$4,676$4,263$3,556
10 years$5,475$4,949$4,468$4,031$3,632$2,960
11 years$4,927$4,406$3,934$3,508$3,124$2,485
12 years$4,470$3,954$3,491$3,077$2,707$2,101
13 years$4,084$3,574$3,119$2,716$2,361$1,787
14 years$3,753$3,248$2,803$2,411$2,069$1,527
15 years$3,467$2,967$2,530$2,150$1,822$1,310
16 years$3,216$2,723$2,294$1,925$1,610$1,127
17 years$2,996$2,507$2,088$1,730$1,428$973
18 years$2,800$2,317$1,906$1,559$1,270$841
19 years$2,625$2,147$1,745$1,409$1,132$729
20 years$2,467$1,995$1,601$1,276$1,011$633
21 years$2,325$1,859$1,473$1,158$905$550
22 years$2,196$1,735$1,357$1,053$811$479
23 years$2,078$1,623$1,253$959$728$418
24 years$1,971$1,520$1,159$875$654$364
25 years$1,872$1,427$1,074$799$589$318
26 years$1,781$1,341$996$730$530$278
27 years$1,696$1,262$925$668$478$243
28 years$1,618$1,189$859$612$431$213
29 years$1,545$1,122$800$562$390$186
30 years$1,478$1,059$745$515$352$163
31 years$1,415$1,002$695$473$318$143
32 years$1,356$948$648$435$288$125
33 years$1,300$897$605$400$260$109
34 years$1,248$851$565$368$236$96
35 years$1,199$807$529$339$214$84
36 years$1,153$766$494$312$194$74
37 years$1,110$727$463$288$175$65
38 years$1,068$691$433$265$159$57
39 years$1,029$657$406$244$144$50
40 years$993$625$381$225$131$44
41 years$958$595$357$208$119$38
42 years$924$567$335$192$108$34
43 years$893$540$314$177$98$29
44 years$863$515$295$164$89$26
45 years$834$491$277$151$81$23
46 years$807$468$260$140$73$20
47 years$780$447$244$129$66$17
48 years$756$427$230$119$60$15
49 years$732$407$216$110$55$13
50 years$709$389$203$102$50$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $726,000, adding $2,154 every year, while hoping to spend $47,984 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: 35/42/23 Blend
72$726,000$726,000$726,000$726,000
73$802,274$763,796$752,543$824,691
74$833,051$750,167$726,698$827,823
75$865,360$734,263$698,380$826,649
76$899,305$715,920$667,454$824,415
77$935,001$694,967$633,781$821,057
78$972,573$671,223$597,215$816,508
79$1,012,157$644,494$557,603$810,700
80$1,053,900$614,578$514,786$803,562
81$1,097,965$581,258$468,598$795,023
82$1,144,525$544,308$418,864$785,007
83$1,193,774$503,486$365,403$773,441
84$1,245,920$458,538$308,025$760,248
85$1,301,192$409,195$246,532$745,350
86$1,359,840$355,171$180,717$728,668
87$1,422,136$296,167$110,364$710,126
88$1,488,380$231,865$35,247$689,645
89$1,558,897$161,930$0$667,146
90$1,634,047$86,007$0$653,577
91$1,714,221$3,722$0$647,788
92$1,799,848$0$0$641,111
93$1,891,398$0$0$672,975
94$1,989,387$0$0$708,989
95$2,094,380$0$0$747,648
96$2,206,999$0$0$789,190
97$2,327,922$0$0$833,875
98$2,457,898$0$0$881,991
99$2,597,746$0$0$933,851
100$2,748,366$0$0$989,800