Can I retire at age 73 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$62,099$61,546$61,007$60,480$59,966$59,513
2 years$30,742$30,170$29,615$29,077$28,555$28,099
3 years$20,291$19,716$19,163$18,630$18,116$17,670
4 years$15,067$14,494$13,946$13,422$12,921$12,489
5 years$11,933$11,363$10,822$10,309$9,822$9,405
6 years$9,844$9,279$8,746$8,244$7,772$7,371
7 years$8,353$7,792$7,268$6,778$6,321$5,935
8 years$7,235$6,679$6,164$5,686$5,244$4,874
9 years$6,366$5,816$5,309$4,843$4,416$4,062
10 years$5,671$5,126$4,628$4,175$3,763$3,424
11 years$5,103$4,564$4,075$3,633$3,236$2,913
12 years$4,630$4,096$3,616$3,187$2,804$2,496
13 years$4,230$3,702$3,231$2,814$2,445$2,152
14 years$3,888$3,365$2,903$2,498$2,144$1,865
15 years$3,591$3,074$2,621$2,227$1,887$1,622
16 years$3,332$2,820$2,376$1,994$1,668$1,417
17 years$3,103$2,597$2,162$1,792$1,479$1,241
18 years$2,900$2,400$1,974$1,615$1,315$1,089
19 years$2,719$2,224$1,807$1,459$1,172$959
20 years$2,556$2,067$1,658$1,322$1,047$845
21 years$2,409$1,925$1,525$1,199$937$747
22 years$2,275$1,797$1,406$1,091$840$660
23 years$2,153$1,681$1,298$993$754$585
24 years$2,041$1,575$1,201$906$678$519
25 years$1,939$1,478$1,112$827$610$460
26 years$1,844$1,389$1,031$756$549$409
27 years$1,757$1,307$958$692$495$363
28 years$1,676$1,232$890$634$447$323
29 years$1,601$1,162$828$582$403$288
30 years$1,531$1,097$772$534$365$256
31 years$1,465$1,037$719$490$330$228
32 years$1,404$982$671$451$298$204
33 years$1,347$930$627$414$270$182
34 years$1,293$881$586$381$244$162
35 years$1,242$836$547$351$221$145
36 years$1,194$793$512$323$200$129
37 years$1,149$753$479$298$182$115
38 years$1,107$716$449$275$165$103
39 years$1,066$681$421$253$149$92
40 years$1,028$648$394$233$135$82
41 years$992$617$370$215$123$73
42 years$957$587$347$199$112$65
43 years$925$559$325$184$101$58
44 years$893$533$305$169$92$52
45 years$864$509$287$156$83$47
46 years$835$485$269$145$76$42
47 years$808$463$253$134$69$37
48 years$783$442$238$123$62$33
49 years$758$422$224$114$57$30
50 years$734$403$210$105$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $752,000, adding $6,083 every year, while hoping to spend $23,679 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: 38/32/30 Blend
72$752,000$752,000$752,000$752,000
73$834,979$795,123$783,467$859,072
74$894,952$808,889$784,518$891,163
75$960,249$822,537$784,812$923,230
76$1,031,388$836,035$784,297$957,444
77$1,108,939$849,350$782,920$994,016
78$1,193,529$862,446$780,626$1,033,180
79$1,285,848$875,285$777,356$1,075,194
80$1,386,658$887,827$773,050$1,120,344
81$1,496,794$900,028$767,645$1,168,946
82$1,617,178$911,840$761,072$1,221,348
83$1,748,824$923,214$753,261$1,277,939
84$1,892,849$934,096$744,140$1,339,143
85$2,050,482$944,429$733,631$1,405,433
86$2,223,077$954,153$721,654$1,477,332
87$2,412,125$963,201$708,124$1,555,414
88$2,619,269$971,505$692,954$1,640,318
89$2,846,317$978,990$676,050$1,732,747
90$3,095,259$985,579$657,315$1,833,479
91$3,368,290$991,187$636,650$1,943,373
92$3,667,826$995,725$613,948$2,063,378
93$3,996,527$999,099$589,098$2,194,542
94$4,357,326$1,001,207$561,986$2,338,024
95$4,753,450$1,001,943$532,489$2,495,101
96$5,188,456$1,001,193$500,482$2,667,187
97$5,666,263$998,836$465,833$2,855,841
98$6,191,187$994,744$428,403$3,062,783
99$6,767,982$988,781$388,049$3,289,916
100$7,401,887$980,802$344,619$3,539,338