Can I retire at age 73 with 788,000?

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 $788,000?

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$65,072$64,493$63,927$63,375$62,836$61,897
2 years$32,214$31,614$31,033$30,469$29,922$28,978
3 years$21,263$20,660$20,080$19,522$18,984$18,064
4 years$15,788$15,187$14,613$14,064$13,539$12,651
5 years$12,504$11,907$11,340$10,803$10,292$9,439
6 years$10,316$9,723$9,165$8,639$8,144$7,325
7 years$8,753$8,165$7,616$7,103$6,623$5,840
8 years$7,582$6,999$6,459$5,958$5,495$4,747
9 years$6,671$6,094$5,563$5,075$4,627$3,914
10 years$5,943$5,372$4,850$4,375$3,943$3,264
11 years$5,348$4,782$4,270$3,807$3,391$2,746
12 years$4,852$4,292$3,789$3,340$2,938$2,326
13 years$4,433$3,879$3,386$2,948$2,562$1,982
14 years$4,074$3,526$3,042$2,617$2,246$1,697
15 years$3,763$3,221$2,746$2,334$1,978$1,459
16 years$3,491$2,955$2,490$2,090$1,748$1,258
17 years$3,252$2,721$2,266$1,878$1,550$1,088
18 years$3,039$2,515$2,068$1,692$1,378$943
19 years$2,849$2,331$1,894$1,529$1,228$819
20 years$2,678$2,166$1,738$1,385$1,097$713
21 years$2,524$2,017$1,598$1,257$982$621
22 years$2,384$1,883$1,473$1,143$880$542
23 years$2,256$1,761$1,360$1,041$790$473
24 years$2,139$1,650$1,258$949$710$414
25 years$2,032$1,549$1,165$867$639$362
26 years$1,933$1,455$1,081$793$576$317
27 years$1,841$1,370$1,003$726$519$278
28 years$1,756$1,291$933$665$468$244
29 years$1,677$1,218$868$610$423$214
30 years$1,604$1,150$809$559$382$188
31 years$1,535$1,087$754$514$345$165
32 years$1,471$1,029$703$472$312$145
33 years$1,411$974$657$434$283$127
34 years$1,355$923$614$400$256$112
35 years$1,302$876$574$368$232$98
36 years$1,252$831$537$339$210$86
37 years$1,204$789$502$312$190$76
38 years$1,160$750$470$288$173$67
39 years$1,117$713$441$265$157$59
40 years$1,077$679$413$245$142$52
41 years$1,039$646$387$226$129$45
42 years$1,003$615$363$208$117$40
43 years$969$586$341$192$106$35
44 years$936$559$320$178$96$31
45 years$905$533$300$164$87$27
46 years$875$508$282$151$79$24
47 years$847$485$265$140$72$21
48 years$820$463$249$129$65$19
49 years$794$442$234$119$59$16
50 years$769$422$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 $788,000, adding $4,056 every year, while hoping to spend $45,390 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: 83/11/6 Blend
72$788,000$788,000$788,000$788,000
73$872,560$830,796$818,582$944,336
74$913,266$823,210$797,710$984,230
75$956,604$813,732$774,617$1,021,484
76$1,002,792$802,219$749,182$1,060,969
77$1,052,073$788,524$721,275$1,102,883
78$1,104,711$772,489$690,765$1,147,440
79$1,160,996$753,945$657,510$1,194,878
80$1,221,246$732,716$621,365$1,245,459
81$1,285,808$708,615$582,176$1,299,469
82$1,355,066$681,443$539,784$1,357,227
83$1,429,439$650,989$494,023$1,419,080
84$1,509,386$617,032$444,717$1,485,414
85$1,595,414$579,337$391,685$1,556,653
86$1,688,077$537,655$334,737$1,633,264
87$1,787,984$491,723$273,674$1,715,761
88$1,895,804$441,264$208,289$1,804,713
89$2,012,275$385,984$138,365$1,900,745
90$2,138,202$325,573$63,675$2,004,547
91$2,274,476$259,703$0$2,116,879
92$2,422,072$188,028$0$2,239,605
93$2,582,064$110,183$0$2,377,041
94$2,755,633$25,780$0$2,526,141
95$2,944,078$0$0$2,688,046
96$3,148,826$0$0$2,871,951
97$3,371,448$0$0$3,075,318
98$3,613,673$0$0$3,296,607
99$3,877,403$0$0$3,537,556
100$4,164,730$0$0$3,800,081