Can I retire at age 73 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$63,008$62,447$61,899$61,365$60,843$60,033
2 years$31,192$30,611$30,048$29,502$28,973$28,158
3 years$20,588$20,005$19,443$18,902$18,381$17,587
4 years$15,287$14,706$14,150$13,618$13,110$12,342
5 years$12,107$11,529$10,981$10,460$9,966$9,227
6 years$9,988$9,415$8,874$8,365$7,886$7,177
7 years$8,475$7,906$7,374$6,877$6,413$5,734
8 years$7,341$6,777$6,254$5,769$5,320$4,671
9 years$6,459$5,901$5,387$4,914$4,480$3,861
10 years$5,754$5,201$4,696$4,236$3,818$3,228
11 years$5,178$4,630$4,134$3,687$3,283$2,722
12 years$4,698$4,156$3,669$3,234$2,845$2,312
13 years$4,292$3,756$3,278$2,855$2,481$1,975
14 years$3,944$3,414$2,945$2,534$2,175$1,696
15 years$3,643$3,119$2,659$2,260$1,915$1,461
16 years$3,380$2,861$2,411$2,024$1,692$1,264
17 years$3,148$2,635$2,194$1,818$1,501$1,096
18 years$2,943$2,435$2,003$1,639$1,334$953
19 years$2,759$2,257$1,834$1,481$1,189$830
20 years$2,593$2,097$1,683$1,341$1,062$724
21 years$2,444$1,953$1,548$1,217$951$633
22 years$2,308$1,823$1,426$1,107$852$554
23 years$2,184$1,705$1,317$1,008$765$486
24 years$2,071$1,598$1,218$919$688$426
25 years$1,967$1,499$1,128$839$619$374
26 years$1,871$1,409$1,046$767$557$329
27 years$1,783$1,326$972$703$502$289
28 years$1,701$1,250$903$644$453$254
29 years$1,624$1,179$841$590$409$224
30 years$1,553$1,113$783$542$370$197
31 years$1,487$1,053$730$497$334$173
32 years$1,425$996$681$457$302$153
33 years$1,366$943$636$420$274$135
34 years$1,312$894$594$387$248$119
35 years$1,260$848$555$356$224$105
36 years$1,212$805$520$328$203$92
37 years$1,166$764$486$302$184$81
38 years$1,123$726$455$279$167$72
39 years$1,082$691$427$257$152$63
40 years$1,043$657$400$237$137$56
41 years$1,006$626$375$219$125$49
42 years$971$596$352$202$113$44
43 years$938$568$330$186$103$39
44 years$907$541$310$172$93$34
45 years$876$516$291$159$85$30
46 years$848$492$273$147$77$27
47 years$820$470$257$135$70$23
48 years$794$448$241$125$63$21
49 years$769$428$227$116$58$18
50 years$745$409$213$107$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $763,000, adding $3,556 every year, while hoping to spend $56,313 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: 36/47/17 Blend
72$763,000$763,000$763,000$763,000
73$844,494$804,055$792,229$870,401
74$870,716$783,537$758,852$868,985
75$897,725$760,126$722,469$861,890
76$925,542$733,622$682,921$853,037
77$954,188$703,810$640,040$842,301
78$983,685$670,467$593,651$829,548
79$1,014,054$633,353$543,571$814,639
80$1,045,317$592,216$489,610$797,423
81$1,077,495$546,790$431,568$777,744
82$1,110,610$496,794$369,236$755,434
83$1,144,684$441,928$302,397$730,316
84$1,179,738$381,879$230,824$702,205
85$1,215,794$316,315$154,280$670,904
86$1,252,874$244,882$72,516$636,204
87$1,290,997$167,212$0$597,886
88$1,330,184$82,910$0$558,390
89$1,370,455$0$0$529,009
90$1,411,828$0$0$500,729
91$1,454,320$0$0$515,717
92$1,497,950$0$0$531,096
93$1,542,731$0$0$546,872
94$1,588,678$0$0$563,048
95$1,635,801$0$0$579,625
96$1,684,112$0$0$596,607
97$1,733,615$0$0$613,994
98$1,784,317$0$0$631,784
99$1,836,217$0$0$649,977
100$1,889,313$0$0$668,569