Can I retire at age 73 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$64,907$64,329$63,765$63,214$62,677$61,740
2 years$32,132$31,534$30,954$30,392$29,846$28,905
3 years$21,209$20,608$20,029$19,472$18,936$18,018
4 years$15,748$15,149$14,576$14,029$13,505$12,619
5 years$12,472$11,877$11,312$10,775$10,266$9,415
6 years$10,289$9,698$9,142$8,617$8,123$7,307
7 years$8,731$8,145$7,597$7,085$6,606$5,825
8 years$7,562$6,981$6,443$5,943$5,481$4,735
9 years$6,654$6,079$5,549$5,062$4,616$3,904
10 years$5,928$5,358$4,838$4,364$3,933$3,256
11 years$5,334$4,770$4,259$3,798$3,382$2,739
12 years$4,839$4,281$3,780$3,331$2,931$2,320
13 years$4,421$3,869$3,377$2,941$2,556$1,977
14 years$4,063$3,517$3,034$2,611$2,240$1,693
15 years$3,753$3,213$2,740$2,328$1,973$1,455
16 years$3,482$2,948$2,484$2,085$1,743$1,255
17 years$3,243$2,715$2,260$1,873$1,546$1,085
18 years$3,031$2,508$2,063$1,688$1,375$941
19 years$2,842$2,325$1,889$1,525$1,225$817
20 years$2,671$2,160$1,733$1,381$1,094$711
21 years$2,517$2,012$1,594$1,254$979$620
22 years$2,378$1,878$1,469$1,140$878$541
23 years$2,250$1,757$1,357$1,038$788$472
24 years$2,134$1,646$1,255$947$708$413
25 years$2,026$1,545$1,162$865$637$361
26 years$1,928$1,452$1,078$791$574$316
27 years$1,836$1,366$1,001$724$518$277
28 years$1,752$1,287$930$663$467$243
29 years$1,673$1,215$866$608$422$213
30 years$1,600$1,147$807$558$381$187
31 years$1,532$1,084$752$512$344$164
32 years$1,468$1,026$702$471$312$144
33 years$1,408$972$655$433$282$127
34 years$1,351$921$612$399$255$111
35 years$1,298$873$572$367$231$98
36 years$1,248$829$535$338$210$86
37 years$1,201$787$501$311$190$76
38 years$1,157$748$469$287$172$67
39 years$1,115$712$440$265$156$59
40 years$1,075$677$412$244$142$51
41 years$1,037$644$386$225$128$45
42 years$1,001$614$362$208$117$40
43 years$966$585$340$192$106$35
44 years$934$557$319$177$96$31
45 years$903$532$300$164$87$27
46 years$873$507$282$151$79$24
47 years$845$484$264$140$72$21
48 years$818$462$249$129$65$18
49 years$792$441$234$119$59$16
50 years$767$421$220$110$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $786,000, adding $6,892 every year, while hoping to spend $43,642 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: 47/30/23 Blend
72$786,000$786,000$786,000$786,000
73$873,281$831,623$819,440$908,304
74$915,921$825,938$800,457$927,854
75$961,448$818,511$779,374$944,188
76$1,010,109$809,212$756,077$961,034
77$1,062,178$797,901$730,443$978,459
78$1,117,952$784,430$702,345$996,541
79$1,177,759$768,644$671,650$1,015,370
80$1,241,959$750,376$638,219$1,035,046
81$1,310,945$729,450$601,905$1,055,683
82$1,385,151$705,683$562,558$1,077,412
83$1,465,050$678,875$520,018$1,100,379
84$1,551,166$648,821$474,120$1,124,750
85$1,644,071$615,300$424,689$1,150,710
86$1,744,396$578,078$371,545$1,178,471
87$1,852,831$536,911$314,499$1,208,267
88$1,970,137$491,537$253,352$1,240,365
89$2,097,151$441,682$187,899$1,275,061
90$2,234,790$387,055$117,924$1,312,690
91$2,384,067$327,348$43,202$1,353,624
92$2,546,092$262,238$0$1,398,281
93$2,722,087$191,382$0$1,456,096
94$2,913,397$114,416$0$1,530,521
95$3,121,500$30,960$0$1,611,587
96$3,348,025$0$0$1,700,010
97$3,594,761$0$0$1,816,189
98$3,863,679$0$0$1,954,034
99$4,156,948$0$0$2,104,445
100$4,476,954$0$0$2,268,658