Can I retire at age 73 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$63,916$63,347$62,791$62,249$61,720$60,747
2 years$31,642$31,052$30,481$29,928$29,390$28,413
3 years$20,885$20,293$19,723$19,175$18,646$17,695
4 years$15,508$14,918$14,354$13,814$13,299$12,380
5 years$12,282$11,696$11,139$10,611$10,110$9,227
6 years$10,132$9,550$9,002$8,486$7,999$7,153
7 years$8,597$8,020$7,481$6,976$6,506$5,696
8 years$7,447$6,875$6,344$5,852$5,397$4,624
9 years$6,552$5,986$5,464$4,985$4,545$3,809
10 years$5,837$5,276$4,764$4,297$3,873$3,172
11 years$5,253$4,697$4,194$3,740$3,331$2,665
12 years$4,766$4,216$3,722$3,280$2,886$2,255
13 years$4,354$3,810$3,325$2,896$2,517$1,919
14 years$4,001$3,463$2,988$2,571$2,206$1,641
15 years$3,696$3,164$2,698$2,293$1,943$1,408
16 years$3,429$2,903$2,446$2,053$1,717$1,213
17 years$3,194$2,673$2,226$1,844$1,522$1,047
18 years$2,985$2,470$2,032$1,662$1,354$907
19 years$2,798$2,289$1,860$1,502$1,206$786
20 years$2,631$2,127$1,707$1,360$1,078$683
21 years$2,479$1,981$1,570$1,235$964$595
22 years$2,341$1,850$1,447$1,122$864$518
23 years$2,216$1,730$1,336$1,022$776$452
24 years$2,101$1,621$1,236$932$697$394
25 years$1,995$1,521$1,144$851$628$345
26 years$1,898$1,430$1,061$779$565$301
27 years$1,808$1,345$986$713$510$264
28 years$1,725$1,268$916$653$460$231
29 years$1,648$1,196$853$599$415$202
30 years$1,576$1,129$794$550$375$177
31 years$1,508$1,068$740$505$339$155
32 years$1,445$1,010$691$464$307$136
33 years$1,386$957$645$427$278$119
34 years$1,331$907$603$392$251$105
35 years$1,278$860$563$361$228$92
36 years$1,229$816$527$333$206$81
37 years$1,183$775$493$307$187$71
38 years$1,139$737$462$283$170$62
39 years$1,098$701$433$261$154$55
40 years$1,058$667$406$240$139$48
41 years$1,021$635$380$222$127$42
42 years$985$604$357$205$115$37
43 years$952$576$335$189$104$32
44 years$920$549$314$174$95$28
45 years$889$523$295$161$86$25
46 years$860$499$277$149$78$22
47 years$832$476$260$137$71$19
48 years$805$455$245$127$64$17
49 years$780$434$230$117$58$15
50 years$756$415$216$108$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $774,000, adding $6,228 every year, while hoping to spend $42,299 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: 67/22/11 Blend
72$774,000$774,000$774,000$774,000
73$859,372$818,350$806,353$914,506
74$902,022$813,444$788,360$947,077
75$947,605$806,879$768,347$977,060
76$996,375$798,530$746,201$1,008,745
77$1,048,611$788,264$721,804$1,042,295
78$1,104,619$775,939$695,034$1,077,890
79$1,164,735$761,404$665,763$1,115,727
80$1,229,328$744,503$633,855$1,156,027
81$1,298,801$725,065$599,171$1,199,034
82$1,373,599$702,914$561,564$1,245,019
83$1,454,210$677,860$520,880$1,294,280
84$1,541,168$649,704$476,959$1,347,150
85$1,635,064$618,236$429,633$1,403,994
86$1,736,542$583,232$378,728$1,465,219
87$1,846,315$544,455$324,060$1,531,275
88$1,965,162$501,657$265,440$1,602,660
89$2,093,944$454,573$202,667$1,679,923
90$2,233,604$402,925$135,534$1,763,675
91$2,385,180$346,417$63,823$1,854,590
92$2,549,816$284,739$0$1,953,413
93$2,728,766$217,560$0$2,062,461
94$2,923,415$144,535$0$2,189,245
95$3,135,281$65,295$0$2,327,306
96$3,366,038$0$0$2,477,789
97$3,617,528$0$0$2,646,933
98$3,891,776$0$0$2,848,665
99$4,191,014$0$0$3,068,823
100$4,517,695$0$0$3,309,219