Can I retire at age 73 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$63,586$63,019$62,467$61,928$61,401$60,684
2 years$31,478$30,892$30,324$29,773$29,239$28,517
3 years$20,777$20,188$19,621$19,076$18,550$17,846
4 years$15,427$14,840$14,279$13,743$13,230$12,549
5 years$12,219$11,635$11,081$10,556$10,057$9,402
6 years$10,080$9,501$8,955$8,442$7,958$7,328
7 years$8,553$7,979$7,442$6,940$6,472$5,868
8 years$7,408$6,839$6,311$5,822$5,369$4,792
9 years$6,519$5,955$5,436$4,959$4,522$3,970
10 years$5,807$5,249$4,739$4,275$3,853$3,327
11 years$5,225$4,673$4,172$3,720$3,313$2,812
12 years$4,741$4,194$3,703$3,263$2,871$2,395
13 years$4,331$3,790$3,308$2,881$2,504$2,051
14 years$3,981$3,445$2,972$2,557$2,195$1,766
15 years$3,677$3,147$2,684$2,281$1,933$1,526
16 years$3,411$2,888$2,433$2,042$1,708$1,323
17 years$3,177$2,659$2,214$1,835$1,514$1,151
18 years$2,970$2,457$2,021$1,654$1,347$1,003
19 years$2,784$2,277$1,850$1,494$1,200$877
20 years$2,617$2,116$1,698$1,353$1,072$767
21 years$2,466$1,971$1,562$1,228$959$673
22 years$2,329$1,840$1,440$1,117$860$591
23 years$2,204$1,721$1,329$1,017$772$519
24 years$2,090$1,612$1,229$928$694$457
25 years$1,985$1,513$1,139$847$624$402
26 years$1,888$1,422$1,056$775$562$355
27 years$1,799$1,338$981$709$507$313
28 years$1,716$1,261$912$650$457$276
29 years$1,639$1,190$848$596$413$244
30 years$1,567$1,124$790$547$373$215
31 years$1,500$1,062$737$502$337$190
32 years$1,438$1,005$687$461$305$168
33 years$1,379$952$642$424$276$149
34 years$1,324$902$600$390$250$132
35 years$1,272$856$561$359$227$116
36 years$1,223$812$524$331$205$103
37 years$1,177$771$491$305$186$91
38 years$1,133$733$460$281$169$81
39 years$1,092$697$431$259$153$71
40 years$1,053$663$404$239$139$63
41 years$1,016$631$378$221$126$56
42 years$980$601$355$204$114$50
43 years$947$573$333$188$104$44
44 years$915$546$313$173$94$39
45 years$884$521$294$160$85$35
46 years$855$497$276$148$78$31
47 years$828$474$259$137$70$27
48 years$801$453$243$126$64$24
49 years$776$432$229$117$58$21
50 years$752$413$215$108$53$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $770,000, adding $4,242 every year, while hoping to spend $55,555 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: 52/25/23 Blend
72$770,000$770,000$770,000$770,000
73$852,916$812,106$800,171$891,615
74$880,803$792,789$767,866$899,485
75$909,673$770,663$732,618$901,983
76$939,567$745,533$694,268$903,547
77$970,529$717,190$652,652$904,109
78$1,002,605$685,415$607,598$903,597
79$1,035,846$649,976$558,928$901,936
80$1,070,303$610,625$506,452$899,046
81$1,106,031$567,103$449,976$894,845
82$1,143,091$519,136$389,295$889,247
83$1,181,544$466,431$324,194$882,160
84$1,221,458$408,683$254,451$873,489
85$1,262,904$345,566$179,833$863,135
86$1,305,959$276,737$100,095$850,994
87$1,350,704$201,834$14,986$836,958
88$1,397,226$120,474$0$820,912
89$1,445,619$32,254$0$821,353
90$1,495,983$0$0$824,678
91$1,548,426$0$0$844,551
92$1,603,064$0$0$874,514
93$1,660,021$0$0$905,763
94$1,719,430$0$0$938,374
95$1,781,438$0$0$972,429
96$1,846,199$0$0$1,008,014
97$1,913,881$0$0$1,045,226
98$1,984,668$0$0$1,084,168
99$2,058,755$0$0$1,124,949
100$2,136,356$0$0$1,167,691