Can I retire at age 73 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$62,760$62,201$61,656$61,123$60,603$59,477
2 years$31,069$30,491$29,930$29,386$28,859$27,728
3 years$20,507$19,926$19,367$18,828$18,309$17,210
4 years$15,227$14,648$14,094$13,565$13,058$11,998
5 years$12,060$11,484$10,937$10,419$9,927$8,909
6 years$9,949$9,378$8,839$8,332$7,855$6,881
7 years$8,442$7,875$7,345$6,850$6,388$5,458
8 years$7,312$6,751$6,229$5,746$5,299$4,413
9 years$6,434$5,878$5,365$4,895$4,463$3,620
10 years$5,732$5,181$4,678$4,219$3,803$3,002
11 years$5,157$4,612$4,118$3,672$3,270$2,511
12 years$4,679$4,140$3,655$3,221$2,834$2,115
13 years$4,275$3,741$3,265$2,844$2,471$1,791
14 years$3,929$3,400$2,934$2,524$2,166$1,525
15 years$3,629$3,106$2,649$2,251$1,907$1,302
16 years$3,367$2,850$2,402$2,016$1,686$1,116
17 years$3,136$2,625$2,185$1,811$1,495$959
18 years$2,931$2,425$1,995$1,632$1,329$826
19 years$2,748$2,248$1,826$1,475$1,185$713
20 years$2,583$2,089$1,676$1,336$1,058$616
21 years$2,434$1,946$1,542$1,212$947$533
22 years$2,299$1,816$1,421$1,102$849$462
23 years$2,176$1,699$1,312$1,004$762$401
24 years$2,063$1,592$1,213$916$685$348
25 years$1,959$1,494$1,124$836$616$302
26 years$1,864$1,404$1,042$764$555$263
27 years$1,776$1,321$968$700$500$229
28 years$1,694$1,245$900$641$452$199
29 years$1,618$1,174$837$588$408$173
30 years$1,547$1,109$780$540$368$151
31 years$1,481$1,048$727$496$333$132
32 years$1,419$992$678$455$301$115
33 years$1,361$939$633$419$273$100
34 years$1,307$890$592$385$247$87
35 years$1,255$845$553$355$224$76
36 years$1,207$802$518$327$203$66
37 years$1,161$761$484$301$184$58
38 years$1,118$724$454$277$166$51
39 years$1,078$688$425$256$151$44
40 years$1,039$655$398$236$137$38
41 years$1,002$623$374$218$124$34
42 years$968$593$350$201$113$29
43 years$934$565$329$185$102$26
44 years$903$539$309$171$93$22
45 years$873$514$290$158$84$20
46 years$844$490$272$146$77$17
47 years$817$468$256$135$70$15
48 years$791$447$240$125$63$13
49 years$766$427$226$115$57$11
50 years$742$407$212$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $760,000, adding $5,358 every year, while hoping to spend $42,404 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: 47/46/7 Blend
72$760,000$760,000$760,000$760,000
73$843,047$802,767$790,987$880,836
74$883,920$796,985$772,367$901,557
75$927,541$789,498$751,703$919,146
76$974,146$780,179$728,880$937,243
77$1,023,992$768,891$703,781$955,908
78$1,077,362$755,490$676,281$975,208
79$1,134,568$739,823$646,251$995,222
80$1,195,948$721,730$613,555$1,016,038
81$1,261,878$701,037$578,052$1,037,757
82$1,332,767$677,565$539,594$1,060,494
83$1,409,065$651,122$498,026$1,084,377
84$1,491,266$621,504$453,187$1,109,553
85$1,579,915$588,497$404,908$1,136,189
86$1,675,606$551,873$353,012$1,164,470
87$1,778,996$511,393$297,316$1,194,607
88$1,890,804$466,802$237,627$1,226,837
89$2,011,823$417,832$173,745$1,261,426
90$2,142,923$364,200$105,459$1,298,673
91$2,285,061$305,606$32,552$1,338,913
92$2,439,289$241,732$0$1,382,523
93$2,606,765$172,245$0$1,433,302
94$2,788,761$96,792$0$1,491,157
95$2,986,678$14,998$0$1,554,199
96$3,202,057$0$0$1,623,035
97$3,436,593$0$0$1,735,564
98$3,692,151$0$0$1,866,529
99$3,970,784$0$0$2,009,402
100$4,274,752$0$0$2,165,352