Can I retire at age 73 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$65,155$64,575$64,008$63,456$62,916$62,053
2 years$32,255$31,654$31,072$30,508$29,960$29,092
3 years$21,290$20,686$20,106$19,546$19,008$18,162
4 years$15,808$15,207$14,632$14,082$13,557$12,739
5 years$12,520$11,922$11,355$10,816$10,305$9,519
6 years$10,329$9,735$9,176$8,650$8,154$7,400
7 years$8,764$8,176$7,626$7,112$6,632$5,909
8 years$7,591$7,008$6,467$5,966$5,502$4,811
9 years$6,679$6,102$5,570$5,082$4,633$3,974
10 years$5,950$5,378$4,856$4,380$3,948$3,320
11 years$5,354$4,788$4,275$3,812$3,395$2,798
12 years$4,858$4,298$3,794$3,344$2,942$2,375
13 years$4,438$3,884$3,390$2,952$2,566$2,028
14 years$4,079$3,530$3,046$2,621$2,249$1,740
15 years$3,768$3,225$2,750$2,337$1,980$1,498
16 years$3,496$2,959$2,493$2,093$1,750$1,295
17 years$3,256$2,725$2,269$1,880$1,552$1,122
18 years$3,043$2,518$2,071$1,694$1,380$975
19 years$2,853$2,334$1,896$1,531$1,230$849
20 years$2,682$2,169$1,740$1,387$1,098$740
21 years$2,527$2,020$1,600$1,258$983$646
22 years$2,387$1,885$1,475$1,144$881$565
23 years$2,259$1,763$1,362$1,042$791$495
24 years$2,142$1,652$1,260$950$711$434
25 years$2,034$1,551$1,167$868$640$381
26 years$1,935$1,457$1,082$794$576$334
27 years$1,843$1,371$1,005$726$520$293
28 years$1,759$1,292$934$666$469$258
29 years$1,680$1,219$869$610$423$227
30 years$1,606$1,151$810$560$382$200
31 years$1,537$1,088$755$514$346$176
32 years$1,473$1,030$704$473$313$155
33 years$1,413$975$658$435$283$136
34 years$1,356$924$614$400$256$120
35 years$1,303$877$574$368$232$106
36 years$1,253$832$537$339$210$93
37 years$1,206$790$503$312$191$82
38 years$1,161$751$471$288$173$72
39 years$1,119$714$441$266$157$64
40 years$1,079$680$414$245$142$56
41 years$1,041$647$388$226$129$50
42 years$1,005$616$364$209$117$44
43 years$970$587$341$193$106$39
44 years$937$560$320$178$96$34
45 years$906$534$301$164$88$30
46 years$877$509$283$152$79$27
47 years$848$486$265$140$72$23
48 years$821$464$249$129$66$21
49 years$795$443$234$120$60$18
50 years$770$423$220$111$54$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $789,000, adding $5,155 every year, while hoping to spend $54,138 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: 50/37/13 Blend
72$789,000$789,000$789,000$789,000
73$874,795$832,978$820,749$915,197
74$906,422$816,192$790,642$926,687
75$939,460$796,768$757,711$933,061
76$973,997$774,522$721,806$938,769
77$1,010,125$749,254$682,767$943,766
78$1,047,948$720,757$640,430$948,003
79$1,087,574$688,809$594,619$951,434
80$1,129,123$653,178$545,156$954,007
81$1,172,724$613,614$491,849$955,675
82$1,218,518$569,858$434,503$956,385
83$1,266,658$521,632$372,910$956,088
84$1,317,310$468,644$306,854$954,732
85$1,370,654$410,586$236,112$952,268
86$1,426,886$347,131$160,448$948,645
87$1,486,222$277,933$79,616$943,814
88$1,548,894$202,630$0$937,730
89$1,615,158$120,836$0$931,269
90$1,685,292$32,144$0$935,313
91$1,759,599$0$0$938,807
92$1,838,411$0$0$967,765
93$1,922,091$0$0$1,012,449
94$2,011,036$0$0$1,059,989
95$2,105,679$0$0$1,110,622
96$2,206,495$0$0$1,164,609
97$2,314,005$0$0$1,222,235
98$2,428,777$0$0$1,283,813
99$2,551,437$0$0$1,349,683
100$2,682,669$0$0$1,420,223