Can I retire at age 73 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$62,843$62,283$61,737$61,204$60,683$60,377
2 years$31,110$30,531$29,969$29,425$28,897$28,587
3 years$20,534$19,952$19,392$18,853$18,333$18,031
4 years$15,247$14,667$14,112$13,582$13,075$12,782
5 years$12,076$11,499$10,952$10,433$9,940$9,656
6 years$9,962$9,390$8,851$8,343$7,865$7,592
7 years$8,453$7,886$7,355$6,859$6,396$6,134
8 years$7,322$6,759$6,238$5,754$5,306$5,054
9 years$6,442$5,885$5,372$4,901$4,469$4,227
10 years$5,739$5,188$4,684$4,225$3,808$3,576
11 years$5,164$4,618$4,124$3,677$3,275$3,053
12 years$4,686$4,145$3,660$3,225$2,838$2,626
13 years$4,281$3,746$3,270$2,847$2,475$2,273
14 years$3,934$3,405$2,938$2,528$2,169$1,977
15 years$3,634$3,110$2,652$2,254$1,910$1,727
16 years$3,372$2,854$2,405$2,018$1,688$1,514
17 years$3,140$2,628$2,188$1,813$1,497$1,332
18 years$2,935$2,429$1,998$1,634$1,331$1,174
19 years$2,751$2,251$1,829$1,477$1,186$1,038
20 years$2,586$2,092$1,678$1,337$1,060$919
21 years$2,437$1,948$1,544$1,214$948$815
22 years$2,302$1,819$1,423$1,104$850$724
23 years$2,179$1,701$1,314$1,005$763$644
24 years$2,066$1,594$1,215$917$686$574
25 years$1,962$1,496$1,125$837$617$512
26 years$1,866$1,406$1,044$765$556$457
27 years$1,778$1,323$969$701$501$408
28 years$1,696$1,246$901$642$452$365
29 years$1,620$1,176$838$589$408$326
30 years$1,549$1,111$781$540$369$292
31 years$1,483$1,050$728$496$334$261
32 years$1,421$993$679$456$302$234
33 years$1,363$941$634$419$273$210
34 years$1,308$892$593$386$247$188
35 years$1,257$846$554$355$224$169
36 years$1,209$803$518$327$203$151
37 years$1,163$762$485$301$184$136
38 years$1,120$724$454$278$167$122
39 years$1,079$689$426$256$151$109
40 years$1,040$655$399$236$137$98
41 years$1,004$624$374$218$124$88
42 years$969$594$351$201$113$79
43 years$936$566$329$186$102$71
44 years$904$540$309$171$93$64
45 years$874$515$290$158$84$57
46 years$845$491$273$146$77$52
47 years$818$468$256$135$70$46
48 years$792$447$241$125$63$42
49 years$767$427$226$115$57$37
50 years$743$408$213$107$52$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $761,000, adding $3,401 every year, while hoping to spend $58,592 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: 41/35/24 Blend
72$761,000$761,000$761,000$761,000
73$842,130$801,797$790,002$870,588
74$865,686$778,744$754,125$868,281
75$889,681$752,597$715,083$859,970
76$914,097$723,143$672,708$849,813
77$938,915$690,157$626,823$837,674
78$964,109$653,400$577,246$823,409
79$989,650$612,618$523,786$806,864
80$1,015,502$567,544$466,241$787,876
81$1,041,626$517,897$404,403$766,272
82$1,067,975$463,376$338,053$741,866
83$1,094,495$403,668$266,964$714,462
84$1,121,123$338,438$190,897$683,850
85$1,147,790$267,334$109,605$649,808
86$1,174,415$189,983$22,827$612,100
87$1,200,906$105,994$0$570,471
88$1,227,161$14,949$0$542,523
89$1,253,062$0$0$517,499
90$1,278,478$0$0$521,510
91$1,303,261$0$0$530,939
92$1,327,244$0$0$539,952
93$1,350,243$0$0$548,462
94$1,372,046$0$0$556,373
95$1,392,423$0$0$563,577
96$1,411,111$0$0$569,956
97$1,427,820$0$0$575,376
98$1,442,227$0$0$579,688
99$1,453,968$0$0$582,727
100$1,462,644$0$0$584,310