Can I retire at age 73 with 773,000?

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 $773,000?

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$63,834$63,265$62,710$62,169$61,640$61,226
2 years$31,601$31,012$30,442$29,889$29,352$28,935
3 years$20,858$20,267$19,698$19,150$18,622$18,214
4 years$15,488$14,898$14,335$13,797$13,282$12,886
5 years$12,266$11,680$11,125$10,597$10,096$9,714
6 years$10,119$9,538$8,990$8,475$7,989$7,621
7 years$8,586$8,010$7,471$6,967$6,497$6,144
8 years$7,437$6,866$6,336$5,845$5,390$5,051
9 years$6,544$5,978$5,457$4,978$4,539$4,214
10 years$5,830$5,269$4,758$4,291$3,868$3,557
11 years$5,246$4,691$4,189$3,735$3,326$3,030
12 years$4,759$4,210$3,717$3,276$2,882$2,599
13 years$4,348$3,805$3,321$2,892$2,514$2,244
14 years$3,996$3,459$2,984$2,567$2,203$1,947
15 years$3,691$3,160$2,694$2,290$1,940$1,696
16 years$3,425$2,899$2,443$2,050$1,715$1,483
17 years$3,190$2,670$2,223$1,842$1,520$1,301
18 years$2,981$2,467$2,029$1,660$1,352$1,144
19 years$2,795$2,286$1,858$1,500$1,205$1,008
20 years$2,627$2,125$1,705$1,359$1,076$890
21 years$2,476$1,979$1,568$1,233$963$787
22 years$2,338$1,847$1,445$1,121$863$697
23 years$2,213$1,728$1,334$1,021$775$619
24 years$2,098$1,619$1,234$931$697$549
25 years$1,993$1,519$1,143$850$627$488
26 years$1,896$1,428$1,060$778$565$434
27 years$1,806$1,344$984$712$509$387
28 years$1,723$1,266$915$652$459$345
29 years$1,646$1,194$852$598$415$307
30 years$1,573$1,128$793$549$375$274
31 years$1,506$1,066$739$504$339$245
32 years$1,443$1,009$690$463$306$218
33 years$1,384$956$644$426$277$195
34 years$1,329$906$602$392$251$174
35 years$1,277$859$563$361$227$156
36 years$1,228$815$526$332$206$139
37 years$1,181$774$493$306$187$125
38 years$1,138$736$461$282$169$111
39 years$1,096$700$432$260$154$100
40 years$1,057$666$405$240$139$89
41 years$1,020$634$380$221$126$80
42 years$984$604$356$204$115$71
43 years$950$575$334$189$104$64
44 years$918$548$314$174$94$57
45 years$888$523$295$161$86$51
46 years$859$499$277$149$78$46
47 years$831$476$260$137$71$41
48 years$804$454$244$127$64$37
49 years$779$434$230$117$58$33
50 years$755$414$216$108$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $773,000, adding $3,026 every year, while hoping to spend $58,926 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: 76/16/8 Blend
72$773,000$773,000$773,000$773,000
73$854,967$813,998$802,017$918,710
74$879,477$791,187$766,188$938,241
75$904,512$765,284$727,183$951,809
76$930,063$736,074$684,835$964,985
77$956,120$703,331$638,967$977,704
78$982,666$666,817$589,394$989,901
79$1,009,684$626,277$535,925$1,001,501
80$1,037,152$581,445$478,359$1,012,425
81$1,065,043$532,037$416,485$1,022,585
82$1,093,325$477,754$350,085$1,031,887
83$1,121,961$418,281$278,929$1,040,228
84$1,150,906$353,282$202,779$1,047,495
85$1,180,111$282,405$121,385$1,053,566
86$1,209,517$205,278$34,486$1,058,309
87$1,239,057$121,506$0$1,061,579
88$1,268,655$30,673$0$1,068,191
89$1,298,222$0$0$1,076,466
90$1,327,661$0$0$1,095,210
91$1,356,858$0$0$1,119,137
92$1,385,688$0$0$1,142,738
93$1,414,007$0$0$1,165,895
94$1,441,654$0$0$1,188,472
95$1,468,448$0$0$1,210,316
96$1,494,188$0$0$1,231,258
97$1,518,646$0$0$1,251,107
98$1,541,568$0$0$1,269,650
99$1,562,671$0$0$1,286,649
100$1,581,639$0$0$1,301,838