Can I retire at age 73 with 789,000?

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 $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%17.9%
1 years$65,155$64,575$64,008$63,456$62,916$60,902
2 years$32,255$31,654$31,072$30,508$29,960$27,950
3 years$21,290$20,686$20,106$19,546$19,008$17,064
4 years$15,808$15,207$14,632$14,082$13,557$11,694
5 years$12,520$11,922$11,355$10,816$10,305$8,530
6 years$10,329$9,735$9,176$8,650$8,154$6,466
7 years$8,764$8,176$7,626$7,112$6,632$5,032
8 years$7,591$7,008$6,467$5,966$5,502$3,988
9 years$6,679$6,102$5,570$5,082$4,633$3,205
10 years$5,950$5,378$4,856$4,380$3,948$2,602
11 years$5,354$4,788$4,275$3,812$3,395$2,130
12 years$4,858$4,298$3,794$3,344$2,942$1,754
13 years$4,438$3,884$3,390$2,952$2,566$1,453
14 years$4,079$3,530$3,046$2,621$2,249$1,208
15 years$3,768$3,225$2,750$2,337$1,980$1,007
16 years$3,496$2,959$2,493$2,093$1,750$843
17 years$3,256$2,725$2,269$1,880$1,552$706
18 years$3,043$2,518$2,071$1,694$1,380$593
19 years$2,853$2,334$1,896$1,531$1,230$499
20 years$2,682$2,169$1,740$1,387$1,098$420
21 years$2,527$2,020$1,600$1,258$983$354
22 years$2,387$1,885$1,475$1,144$881$299
23 years$2,259$1,763$1,362$1,042$791$253
24 years$2,142$1,652$1,260$950$711$214
25 years$2,034$1,551$1,167$868$640$181
26 years$1,935$1,457$1,082$794$576$153
27 years$1,843$1,371$1,005$726$520$129
28 years$1,759$1,292$934$666$469$110
29 years$1,680$1,219$869$610$423$93
30 years$1,606$1,151$810$560$382$79
31 years$1,537$1,088$755$514$346$67
32 years$1,473$1,030$704$473$313$56
33 years$1,413$975$658$435$283$48
34 years$1,356$924$614$400$256$41
35 years$1,303$877$574$368$232$34
36 years$1,253$832$537$339$210$29
37 years$1,206$790$503$312$191$25
38 years$1,161$751$471$288$173$21
39 years$1,119$714$441$266$157$18
40 years$1,079$680$414$245$142$15
41 years$1,041$647$388$226$129$13
42 years$1,005$616$364$209$117$11
43 years$970$587$341$193$106$9
44 years$937$560$320$178$96$8
45 years$906$534$301$164$88$7
46 years$877$509$283$152$79$6
47 years$848$486$265$140$72$5
48 years$821$464$249$129$66$4
49 years$795$443$234$120$60$3
50 years$770$423$220$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $789,000, adding $5,639 every year, while hoping to spend $49,031 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: 35/36/29 Blend
72$789,000$789,000$789,000$789,000
73$875,295$833,478$821,248$898,129
74$912,406$822,149$796,591$904,431
75$951,660$808,623$769,465$906,437
76$993,222$792,738$739,735$907,665
77$1,037,275$774,327$707,261$908,081
78$1,084,018$753,210$671,895$907,649
79$1,133,669$729,198$633,484$906,336
80$1,186,464$702,090$591,868$904,111
81$1,242,666$671,675$546,878$900,942
82$1,302,559$637,728$498,339$896,804
83$1,366,454$600,011$446,067$891,671
84$1,434,694$558,273$389,873$885,524
85$1,507,654$512,250$329,554$878,348
86$1,585,745$461,660$264,904$870,131
87$1,669,416$406,207$195,704$860,872
88$1,759,163$345,577$121,726$850,574
89$1,855,527$279,440$42,733$839,250
90$1,959,103$207,445$0$826,924
91$2,070,545$129,223$0$826,491
92$2,190,570$44,384$0$840,088
93$2,319,965$0$0$854,623
94$2,459,597$0$0$889,076
95$2,610,415$0$0$945,370
96$2,773,465$0$0$1,006,322
97$2,949,895$0$0$1,072,374
98$3,140,967$0$0$1,144,010
99$3,348,069$0$0$1,221,764
100$3,572,727$0$0$1,306,223