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%11.5%
1 years$63,586$63,019$62,467$61,928$61,401$61,014
2 years$31,478$30,892$30,324$29,773$29,239$28,848
3 years$20,777$20,188$19,621$19,076$18,550$18,169
4 years$15,427$14,840$14,279$13,743$13,230$12,860
5 years$12,219$11,635$11,081$10,556$10,057$9,700
6 years$10,080$9,501$8,955$8,442$7,958$7,614
7 years$8,553$7,979$7,442$6,940$6,472$6,141
8 years$7,408$6,839$6,311$5,822$5,369$5,052
9 years$6,519$5,955$5,436$4,959$4,522$4,218
10 years$5,807$5,249$4,739$4,275$3,853$3,562
11 years$5,225$4,673$4,172$3,720$3,313$3,036
12 years$4,741$4,194$3,703$3,263$2,871$2,606
13 years$4,331$3,790$3,308$2,881$2,504$2,251
14 years$3,981$3,445$2,972$2,557$2,195$1,954
15 years$3,677$3,147$2,684$2,281$1,933$1,704
16 years$3,411$2,888$2,433$2,042$1,708$1,491
17 years$3,177$2,659$2,214$1,835$1,514$1,308
18 years$2,970$2,457$2,021$1,654$1,347$1,151
19 years$2,784$2,277$1,850$1,494$1,200$1,015
20 years$2,617$2,116$1,698$1,353$1,072$897
21 years$2,466$1,971$1,562$1,228$959$794
22 years$2,329$1,840$1,440$1,117$860$704
23 years$2,204$1,721$1,329$1,017$772$625
24 years$2,090$1,612$1,229$928$694$555
25 years$1,985$1,513$1,139$847$624$494
26 years$1,888$1,422$1,056$775$562$440
27 years$1,799$1,338$981$709$507$392
28 years$1,716$1,261$912$650$457$350
29 years$1,639$1,190$848$596$413$312
30 years$1,567$1,124$790$547$373$278
31 years$1,500$1,062$737$502$337$249
32 years$1,438$1,005$687$461$305$222
33 years$1,379$952$642$424$276$199
34 years$1,324$902$600$390$250$178
35 years$1,272$856$561$359$227$159
36 years$1,223$812$524$331$205$142
37 years$1,177$771$491$305$186$127
38 years$1,133$733$460$281$169$114
39 years$1,092$697$431$259$153$102
40 years$1,053$663$404$239$139$91
41 years$1,016$631$378$221$126$82
42 years$980$601$355$204$114$73
43 years$947$573$333$188$104$66
44 years$915$546$313$173$94$59
45 years$884$521$294$160$85$53
46 years$855$497$276$148$78$47
47 years$828$474$259$137$70$42
48 years$801$453$243$126$64$38
49 years$776$432$229$117$58$34
50 years$752$413$215$108$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $770,000, adding $3,694 every year, while hoping to spend $27,632 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: 31/40/29 Blend
72$770,000$770,000$770,000$770,000
73$852,350$811,540$799,605$871,124
74$909,890$821,906$796,992$896,370
75$972,372$831,853$793,365$920,858
76$1,040,273$841,332$788,661$946,680
77$1,114,113$850,290$782,814$973,972
78$1,194,470$858,671$775,755$1,002,887
79$1,281,974$866,414$767,411$1,033,592
80$1,377,322$873,455$757,706$1,066,276
81$1,481,280$879,725$746,560$1,101,149
82$1,594,691$885,152$733,891$1,138,442
83$1,718,483$889,659$719,609$1,178,415
84$1,853,678$893,161$703,626$1,221,354
85$2,001,399$895,573$685,844$1,267,578
86$2,162,886$896,800$666,163$1,317,440
87$2,339,500$896,743$644,480$1,371,335
88$2,532,743$895,298$620,684$1,429,697
89$2,744,268$892,352$594,662$1,493,009
90$2,975,893$887,787$566,293$1,561,809
91$3,229,623$881,477$535,452$1,636,690
92$3,507,664$873,289$502,010$1,718,311
93$3,812,447$863,081$465,828$1,807,402
94$4,146,648$850,704$426,765$1,904,772
95$4,513,216$835,998$384,671$2,011,318
96$4,915,397$818,795$339,391$2,128,030
97$5,356,769$798,918$290,762$2,256,007
98$5,841,271$776,176$238,614$2,396,465
99$6,373,242$750,370$182,769$2,550,751
100$6,957,463$721,289$123,042$2,720,352