Can I retire at age 73 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$65,320$64,738$64,171$63,616$63,075$62,417
2 years$32,337$31,734$31,151$30,585$30,036$29,373
3 years$21,344$20,739$20,157$19,596$19,056$18,409
4 years$15,848$15,245$14,669$14,118$13,591$12,964
5 years$12,552$11,952$11,384$10,844$10,332$9,728
6 years$10,355$9,760$9,200$8,672$8,175$7,595
7 years$8,786$8,196$7,645$7,130$6,648$6,092
8 years$7,610$7,026$6,484$5,981$5,516$4,983
9 years$6,696$6,117$5,584$5,094$4,645$4,136
10 years$5,965$5,392$4,868$4,391$3,958$3,472
11 years$5,368$4,800$4,286$3,822$3,404$2,941
12 years$4,870$4,308$3,804$3,352$2,950$2,509
13 years$4,449$3,894$3,398$2,960$2,572$2,153
14 years$4,089$3,539$3,054$2,627$2,255$1,857
15 years$3,777$3,233$2,757$2,343$1,985$1,608
16 years$3,504$2,966$2,500$2,098$1,755$1,397
17 years$3,264$2,732$2,275$1,885$1,556$1,218
18 years$3,051$2,524$2,076$1,699$1,383$1,064
19 years$2,860$2,340$1,901$1,535$1,233$932
20 years$2,688$2,174$1,744$1,390$1,101$817
21 years$2,533$2,025$1,605$1,262$986$718
22 years$2,393$1,890$1,479$1,147$883$632
23 years$2,265$1,768$1,365$1,045$793$557
24 years$2,147$1,656$1,263$953$713$491
25 years$2,039$1,554$1,170$870$641$433
26 years$1,940$1,461$1,085$796$578$383
27 years$1,848$1,375$1,007$728$521$338
28 years$1,763$1,296$936$667$470$299
29 years$1,684$1,222$871$612$424$265
30 years$1,610$1,154$812$562$383$235
31 years$1,541$1,091$757$516$347$208
32 years$1,477$1,032$706$474$314$184
33 years$1,417$978$659$436$284$163
34 years$1,360$927$616$401$257$145
35 years$1,307$879$576$369$233$129
36 years$1,256$834$539$340$211$114
37 years$1,209$792$504$313$191$101
38 years$1,164$753$472$289$173$90
39 years$1,122$716$442$266$157$80
40 years$1,081$681$415$246$143$71
41 years$1,043$649$389$227$129$63
42 years$1,007$618$365$209$117$56
43 years$973$588$342$193$106$50
44 years$940$561$321$178$97$44
45 years$909$535$302$165$88$39
46 years$879$510$283$152$80$35
47 years$850$487$266$140$72$31
48 years$823$465$250$130$66$27
49 years$797$444$235$120$60$24
50 years$772$424$221$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $791,000, adding $5,188 every year, while hoping to spend $43,256 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: 31/45/24 Blend
72$791,000$791,000$791,000$791,000
73$877,033$835,110$822,850$897,595
74$920,467$830,007$804,391$908,616
75$966,881$823,203$783,865$916,258
76$1,016,533$814,571$761,155$923,605
77$1,069,708$803,973$736,142$930,659
78$1,126,715$791,265$708,700$937,426
79$1,187,896$776,293$678,697$943,919
80$1,253,624$758,894$645,996$950,153
81$1,324,311$738,897$610,454$956,153
82$1,400,406$716,118$571,919$961,949
83$1,482,404$690,365$530,236$967,580
84$1,570,851$661,434$485,240$973,096
85$1,666,341$629,108$436,759$978,555
86$1,769,533$593,159$384,615$984,029
87$1,881,146$553,345$328,621$989,606
88$2,001,975$509,411$268,582$995,386
89$2,132,890$461,086$204,293$1,001,489
90$2,274,850$408,084$135,542$1,008,055
91$2,428,908$350,104$62,106$1,015,247
92$2,596,225$286,827$0$1,023,253
93$2,778,074$217,915$0$1,036,453
94$2,975,858$143,013$0$1,068,176
95$3,191,120$61,746$0$1,102,849
96$3,425,558$0$0$1,140,865
97$3,681,041$0$0$1,195,680
98$3,959,625$0$0$1,288,901
99$4,263,572$0$0$1,390,726
100$4,595,374$0$0$1,502,004