Can I retire at age 73 with 787,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$64,990$64,411$63,846$63,295$62,756$60,723
2 years$32,173$31,574$30,993$30,430$29,884$27,855
3 years$21,236$20,634$20,055$19,497$18,960$16,998
4 years$15,768$15,168$14,595$14,046$13,522$11,643
5 years$12,488$11,892$11,326$10,789$10,279$8,488
6 years$10,303$9,711$9,153$8,628$8,134$6,431
7 years$8,742$8,155$7,606$7,094$6,615$5,001
8 years$7,572$6,990$6,451$5,951$5,488$3,962
9 years$6,662$6,086$5,556$5,069$4,621$3,182
10 years$5,935$5,365$4,844$4,369$3,938$2,582
11 years$5,341$4,776$4,264$3,803$3,387$2,112
12 years$4,846$4,287$3,785$3,335$2,935$1,738
13 years$4,427$3,874$3,381$2,945$2,559$1,438
14 years$4,068$3,521$3,038$2,614$2,243$1,195
15 years$3,758$3,217$2,743$2,331$1,975$996
16 years$3,487$2,951$2,487$2,087$1,746$833
17 years$3,248$2,718$2,263$1,875$1,548$697
18 years$3,035$2,512$2,066$1,690$1,376$585
19 years$2,845$2,328$1,891$1,527$1,227$492
20 years$2,675$2,163$1,736$1,383$1,096$414
21 years$2,521$2,015$1,596$1,255$981$349
22 years$2,381$1,881$1,471$1,141$879$294
23 years$2,253$1,759$1,359$1,039$789$248
24 years$2,136$1,648$1,256$948$709$210
25 years$2,029$1,547$1,164$866$638$177
26 years$1,930$1,454$1,079$792$575$150
27 years$1,839$1,368$1,002$725$518$127
28 years$1,754$1,289$932$664$468$107
29 years$1,675$1,216$867$609$422$91
30 years$1,602$1,148$808$559$382$77
31 years$1,534$1,086$753$513$345$65
32 years$1,469$1,027$702$472$312$55
33 years$1,409$973$656$434$282$47
34 years$1,353$922$613$399$256$39
35 years$1,300$875$573$367$232$33
36 years$1,250$830$536$338$210$28
37 years$1,203$788$502$312$190$24
38 years$1,158$749$470$287$172$20
39 years$1,116$712$440$265$156$17
40 years$1,076$678$413$244$142$15
41 years$1,038$645$387$225$129$12
42 years$1,002$614$363$208$117$10
43 years$968$585$340$192$106$9
44 years$935$558$320$177$96$8
45 years$904$532$300$164$87$6
46 years$874$508$282$151$79$5
47 years$846$484$265$140$72$5
48 years$819$463$249$129$65$4
49 years$793$442$234$119$59$3
50 years$768$422$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $787,000, adding $5,376 every year, while hoping to spend $26,992 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: 55/33/12 Blend
72$787,000$787,000$787,000$787,000
73$872,819$831,108$818,910$917,859
74$933,128$843,113$817,624$961,022
75$998,683$854,802$815,391$1,004,593
76$1,069,991$866,130$812,149$1,051,404
77$1,147,611$877,051$807,836$1,101,768
78$1,232,155$887,514$802,386$1,156,032
79$1,324,298$897,465$795,730$1,214,577
80$1,424,783$906,848$787,794$1,277,826
81$1,534,428$915,601$778,502$1,346,243
82$1,654,133$923,659$767,775$1,420,340
83$1,784,888$930,952$755,529$1,500,686
84$1,927,785$937,406$741,677$1,587,903
85$2,084,023$942,944$726,128$1,682,681
86$2,254,926$947,480$708,785$1,785,782
87$2,441,947$950,926$689,549$1,898,043
88$2,646,691$953,186$668,314$2,020,391
89$2,870,923$954,161$644,971$2,153,846
90$3,116,585$953,743$619,406$2,299,537
91$3,385,819$951,819$591,499$2,458,706
92$3,680,982$948,268$561,124$2,632,725
93$4,004,671$942,962$528,150$2,823,107
94$4,359,746$935,765$492,441$3,031,522
95$4,749,355$926,533$453,853$3,259,812
96$5,176,970$915,114$412,238$3,510,007
97$5,646,412$901,345$367,439$3,784,350
98$6,161,891$885,056$319,293$4,085,313
99$6,728,044$866,064$267,629$4,415,622
100$7,349,980$844,177$212,271$4,778,285