Can I retire at age 73 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$61,191$60,646$60,114$59,595$59,088$58,326
2 years$30,293$29,728$29,182$28,652$28,137$27,370
3 years$19,994$19,428$18,882$18,357$17,851$17,104
4 years$14,846$14,282$13,742$13,225$12,732$12,009
5 years$11,758$11,197$10,664$10,158$9,679$8,983
6 years$9,700$9,143$8,618$8,124$7,658$6,990
7 years$8,231$7,678$7,162$6,679$6,228$5,588
8 years$7,129$6,582$6,074$5,603$5,167$4,555
9 years$6,273$5,731$5,231$4,772$4,351$3,767
10 years$5,588$5,051$4,561$4,114$3,708$3,151
11 years$5,029$4,497$4,015$3,580$3,189$2,659
12 years$4,562$4,036$3,563$3,140$2,763$2,260
13 years$4,168$3,647$3,184$2,772$2,410$1,932
14 years$3,831$3,315$2,861$2,461$2,112$1,660
15 years$3,538$3,029$2,583$2,195$1,860$1,431
16 years$3,283$2,779$2,342$1,965$1,644$1,239
17 years$3,058$2,559$2,131$1,766$1,457$1,075
18 years$2,858$2,365$1,945$1,591$1,296$935
19 years$2,679$2,192$1,781$1,438$1,155$815
20 years$2,518$2,037$1,634$1,302$1,032$712
21 years$2,373$1,897$1,503$1,182$923$623
22 years$2,242$1,771$1,385$1,075$828$546
23 years$2,121$1,656$1,279$979$743$478
24 years$2,011$1,552$1,183$893$668$420
25 years$1,910$1,456$1,096$815$601$369
26 years$1,817$1,369$1,016$745$541$324
27 years$1,731$1,288$944$682$488$285
28 years$1,652$1,214$877$625$440$251
29 years$1,577$1,145$816$573$398$221
30 years$1,508$1,081$760$526$359$195
31 years$1,444$1,022$709$483$325$172
32 years$1,384$967$661$444$294$152
33 years$1,327$916$618$408$266$134
34 years$1,274$868$577$376$241$118
35 years$1,224$823$539$346$218$104
36 years$1,177$782$505$319$198$92
37 years$1,132$742$472$293$179$81
38 years$1,090$705$442$270$162$72
39 years$1,051$671$414$249$147$63
40 years$1,013$638$388$230$134$56
41 years$977$608$364$212$121$49
42 years$943$579$342$196$110$44
43 years$911$551$321$181$100$39
44 years$880$525$301$167$91$34
45 years$851$501$283$154$82$30
46 years$823$478$265$142$75$27
47 years$797$456$249$132$68$24
48 years$771$435$234$122$62$21
49 years$747$416$220$112$56$18
50 years$723$397$207$104$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $741,000, adding $6,947 every year, while hoping to spend $20,313 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: 47/26/27 Blend
72$741,000$741,000$741,000$741,000
73$823,748$784,475$772,989$855,809
74$886,157$801,301$777,272$895,924
75$954,252$818,271$781,017$936,914
76$1,028,589$835,371$784,185$981,013
77$1,109,785$852,584$786,735$1,028,524
78$1,198,516$869,893$788,623$1,079,781
79$1,295,526$887,279$789,803$1,135,152
80$1,401,637$904,723$790,228$1,195,042
81$1,517,750$922,201$789,848$1,259,900
82$1,644,862$939,689$788,609$1,330,219
83$1,784,066$957,163$786,455$1,406,544
84$1,936,569$974,592$783,330$1,489,476
85$2,103,699$991,947$779,171$1,579,677
86$2,286,918$1,009,195$773,916$1,677,878
87$2,487,839$1,026,300$767,497$1,784,886
88$2,708,234$1,043,224$759,844$1,901,589
89$2,950,059$1,059,927$750,883$2,028,968
90$3,215,465$1,076,364$740,538$2,168,104
91$3,506,825$1,092,488$728,729$2,320,192
92$3,826,750$1,108,249$715,370$2,486,545
93$4,178,118$1,123,592$700,374$2,668,616
94$4,564,098$1,138,460$683,649$2,868,004
95$4,988,182$1,152,791$665,097$3,086,474
96$5,454,217$1,166,518$644,618$3,325,972
97$5,966,440$1,179,571$622,106$3,588,645
98$6,529,521$1,191,873$597,450$3,876,859
99$7,148,603$1,203,346$570,536$4,193,225
100$7,829,353$1,213,902$541,241$4,540,621