Can I retire at age 73 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$62,925$62,365$61,818$61,284$60,763$60,355
2 years$31,151$30,571$30,009$29,464$28,935$28,523
3 years$20,561$19,978$19,418$18,878$18,357$17,955
4 years$15,267$14,686$14,131$13,600$13,093$12,703
5 years$12,092$11,514$10,966$10,446$9,953$9,576
6 years$9,975$9,402$8,862$8,354$7,875$7,513
7 years$8,464$7,896$7,365$6,868$6,405$6,056
8 years$7,331$6,768$6,246$5,762$5,313$4,979
9 years$6,451$5,893$5,380$4,908$4,475$4,154
10 years$5,747$5,194$4,690$4,230$3,813$3,506
11 years$5,171$4,624$4,129$3,682$3,279$2,986
12 years$4,692$4,151$3,664$3,229$2,841$2,562
13 years$4,286$3,751$3,274$2,851$2,478$2,212
14 years$3,939$3,409$2,942$2,531$2,172$1,919
15 years$3,639$3,115$2,656$2,257$1,912$1,672
16 years$3,376$2,858$2,408$2,021$1,690$1,462
17 years$3,144$2,632$2,191$1,816$1,499$1,282
18 years$2,939$2,432$2,000$1,636$1,333$1,127
19 years$2,755$2,254$1,831$1,479$1,188$994
20 years$2,590$2,094$1,680$1,339$1,061$877
21 years$2,441$1,951$1,546$1,215$949$776
22 years$2,305$1,821$1,425$1,105$851$687
23 years$2,181$1,703$1,315$1,006$764$610
24 years$2,068$1,596$1,217$918$687$541
25 years$1,965$1,497$1,127$838$618$481
26 years$1,869$1,407$1,045$766$557$428
27 years$1,780$1,325$970$702$502$381
28 years$1,698$1,248$902$643$453$340
29 years$1,622$1,177$839$589$409$303
30 years$1,551$1,112$782$541$369$270
31 years$1,485$1,051$729$497$334$241
32 years$1,423$995$680$457$302$215
33 years$1,365$942$635$420$273$192
34 years$1,310$893$593$386$248$172
35 years$1,259$847$555$356$224$154
36 years$1,210$804$519$328$203$137
37 years$1,165$763$486$302$184$123
38 years$1,121$725$455$278$167$110
39 years$1,080$690$426$256$151$98
40 years$1,042$656$399$237$137$88
41 years$1,005$625$375$218$125$79
42 years$970$595$351$201$113$70
43 years$937$567$330$186$103$63
44 years$905$540$309$172$93$56
45 years$875$515$291$159$85$51
46 years$847$492$273$146$77$45
47 years$819$469$256$135$70$41
48 years$793$448$241$125$63$36
49 years$768$428$226$116$57$32
50 years$744$409$213$107$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $762,000, adding $6,467 every year, while hoping to spend $59,086 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: 47/34/19 Blend
72$762,000$762,000$762,000$762,000
73$846,395$806,009$794,198$881,332
74$869,860$782,636$757,936$882,964
75$893,738$756,138$718,480$878,273
76$918,010$726,299$675,659$871,938
77$942,649$692,890$629,296$863,830
78$967,629$655,671$579,207$853,812
79$992,915$614,387$525,198$841,738
80$1,018,467$568,767$467,068$827,451
81$1,044,241$518,526$404,604$810,785
82$1,070,183$463,363$337,588$791,562
83$1,096,233$402,960$265,788$769,592
84$1,122,322$336,978$188,966$744,672
85$1,148,372$265,063$106,869$716,586
86$1,174,294$186,839$19,237$685,102
87$1,199,986$101,908$0$649,973
88$1,225,335$9,852$0$625,994
89$1,250,213$0$0$602,964
90$1,274,475$0$0$610,324
91$1,297,959$0$0$620,920
92$1,320,484$0$0$630,969
93$1,341,845$0$0$640,364
94$1,361,814$0$0$648,986
95$1,380,139$0$0$656,702
96$1,396,535$0$0$663,363
97$1,410,684$0$0$668,803
98$1,422,236$0$0$672,838
99$1,430,798$0$0$675,263
100$1,435,932$0$0$675,850