Can I retire at age 73 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$61,356$60,810$60,277$59,756$59,248$57,699
2 years$30,374$29,809$29,260$28,729$28,213$26,663
3 years$20,048$19,480$18,933$18,407$17,900$16,397
4 years$14,886$14,320$13,779$13,261$12,766$11,322
5 years$11,790$11,227$10,693$10,186$9,705$8,324
6 years$9,727$9,168$8,641$8,146$7,679$6,362
7 years$8,253$7,699$7,181$6,697$6,245$4,993
8 years$7,149$6,600$6,090$5,618$5,181$3,993
9 years$6,290$5,746$5,245$4,785$4,363$3,238
10 years$5,603$5,065$4,573$4,125$3,718$2,654
11 years$5,042$4,509$4,026$3,590$3,197$2,193
12 years$4,575$4,047$3,573$3,149$2,771$1,825
13 years$4,179$3,657$3,192$2,780$2,416$1,526
14 years$3,841$3,324$2,868$2,468$2,118$1,282
15 years$3,548$3,037$2,590$2,201$1,865$1,081
16 years$3,292$2,786$2,348$1,971$1,648$914
17 years$3,066$2,566$2,136$1,771$1,461$774
18 years$2,865$2,371$1,950$1,596$1,299$658
19 years$2,686$2,198$1,785$1,442$1,158$560
20 years$2,525$2,042$1,639$1,306$1,034$477
21 years$2,380$1,902$1,507$1,185$926$407
22 years$2,248$1,776$1,389$1,078$830$347
23 years$2,127$1,661$1,283$981$745$297
24 years$2,017$1,556$1,186$895$669$254
25 years$1,916$1,460$1,099$817$602$217
26 years$1,822$1,372$1,019$747$543$186
27 years$1,736$1,292$946$684$489$159
28 years$1,656$1,217$880$627$441$137
29 years$1,582$1,148$819$575$399$117
30 years$1,512$1,084$762$527$360$100
31 years$1,448$1,025$711$484$326$86
32 years$1,387$970$663$445$295$74
33 years$1,331$918$619$409$267$63
34 years$1,277$870$579$377$241$54
35 years$1,227$826$541$347$219$47
36 years$1,180$784$506$319$198$40
37 years$1,136$744$474$294$180$34
38 years$1,093$707$444$271$163$30
39 years$1,054$673$416$250$148$25
40 years$1,016$640$389$231$134$22
41 years$980$609$365$213$121$19
42 years$946$580$343$196$110$16
43 years$914$553$321$181$100$14
44 years$883$527$302$167$91$12
45 years$853$502$283$155$82$10
46 years$825$479$266$143$75$9
47 years$799$457$250$132$68$8
48 years$773$437$235$122$62$6
49 years$749$417$221$113$56$6
50 years$725$398$208$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $743,000, adding $3,802 every year, while hoping to spend $35,161 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: 66/26/8 Blend
72$743,000$743,000$743,000$743,000
73$822,708$783,329$771,812$875,506
74$869,213$784,301$760,257$912,060
75$919,283$784,142$747,136$947,446
76$973,245$782,760$732,360$985,196
77$1,031,457$780,056$715,835$1,025,534
78$1,094,313$775,927$697,463$1,068,713
79$1,162,247$770,261$677,142$1,115,007
80$1,235,734$762,941$654,764$1,164,723
81$1,315,297$753,843$630,217$1,218,197
82$1,401,511$742,836$603,383$1,275,803
83$1,495,008$729,778$574,140$1,337,951
84$1,596,485$714,523$542,359$1,405,098
85$1,706,705$696,913$507,907$1,477,745
86$1,826,510$676,783$470,643$1,556,447
87$1,956,826$653,957$430,421$1,641,818
88$2,098,670$628,249$387,087$1,734,536
89$2,253,163$599,461$340,483$1,835,347
90$2,421,537$567,387$290,442$1,945,080
91$2,605,151$531,805$236,788$2,064,645
92$2,805,496$492,484$179,340$2,195,051
93$3,024,217$449,176$117,908$2,337,410
94$3,263,123$401,621$52,294$2,492,952
95$3,524,206$349,546$0$2,663,034
96$3,809,660$292,658$0$2,850,666
97$4,121,898$230,651$0$3,060,851
98$4,463,580$163,201$0$3,290,967
99$4,837,632$89,965$0$3,543,049
100$5,247,279$10,582$0$3,819,342