Can I retire at age 73 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$65,485$64,902$64,333$63,777$63,235$62,136
2 years$32,418$31,815$31,230$30,662$30,112$29,009
3 years$21,398$20,791$20,208$19,646$19,104$18,031
4 years$15,888$15,284$14,706$14,154$13,625$12,590
5 years$12,584$11,983$11,412$10,871$10,358$9,363
6 years$10,381$9,785$9,223$8,694$8,196$7,243
7 years$8,809$8,217$7,664$7,148$6,665$5,755
8 years$7,630$7,044$6,500$5,996$5,530$4,661
9 years$6,713$6,133$5,598$5,107$4,657$3,830
10 years$5,981$5,406$4,881$4,403$3,968$3,182
11 years$5,381$4,812$4,297$3,832$3,412$2,667
12 years$4,883$4,319$3,813$3,361$2,957$2,251
13 years$4,461$3,903$3,407$2,967$2,579$1,910
14 years$4,100$3,548$3,061$2,634$2,260$1,629
15 years$3,787$3,241$2,764$2,349$1,990$1,394
16 years$3,513$2,974$2,506$2,103$1,759$1,197
17 years$3,272$2,739$2,280$1,890$1,560$1,031
18 years$3,058$2,531$2,082$1,703$1,387$890
19 years$2,867$2,345$1,906$1,539$1,236$770
20 years$2,695$2,180$1,749$1,394$1,104$667
21 years$2,540$2,030$1,609$1,265$988$578
22 years$2,399$1,895$1,483$1,150$886$502
23 years$2,270$1,772$1,369$1,047$795$437
24 years$2,153$1,661$1,266$955$715$380
25 years$2,044$1,558$1,173$872$643$331
26 years$1,945$1,465$1,088$798$579$289
27 years$1,853$1,378$1,010$730$522$252
28 years$1,767$1,299$939$669$471$220
29 years$1,688$1,225$874$613$425$192
30 years$1,614$1,157$814$563$384$167
31 years$1,545$1,094$759$517$348$146
32 years$1,481$1,035$708$475$314$128
33 years$1,420$980$661$437$285$112
34 years$1,363$929$617$402$258$98
35 years$1,310$881$577$370$233$85
36 years$1,259$836$540$341$211$75
37 years$1,212$794$505$314$192$65
38 years$1,167$755$473$289$174$57
39 years$1,124$718$443$267$158$50
40 years$1,084$683$416$246$143$44
41 years$1,046$650$390$227$130$38
42 years$1,010$619$366$210$118$34
43 years$975$590$343$194$107$29
44 years$942$562$322$179$97$26
45 years$911$536$302$165$88$22
46 years$881$512$284$152$80$20
47 years$852$488$267$141$73$17
48 years$825$466$251$130$66$15
49 years$799$445$236$120$60$13
50 years$774$425$222$111$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $793,000, adding $3,844 every year, while hoping to spend $58,490 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: 58/12/30 Blend
72$793,000$793,000$793,000$793,000
73$877,851$835,822$823,531$921,339
74$905,159$814,544$788,886$930,343
75$933,292$790,264$751,120$933,706
76$962,272$762,771$710,068$936,192
77$992,123$731,846$665,554$937,734
78$1,022,867$697,254$617,397$938,260
79$1,054,528$658,748$565,408$937,697
80$1,087,128$616,065$509,388$935,964
81$1,120,693$568,930$449,131$932,978
82$1,155,246$517,050$384,418$928,651
83$1,190,811$460,115$315,026$922,889
84$1,227,412$397,799$240,718$915,594
85$1,265,073$329,756$161,247$906,661
86$1,303,818$255,622$76,356$895,980
87$1,343,671$175,011$0$883,435
88$1,384,655$87,516$0$873,460
89$1,426,793$0$0$887,747
90$1,470,108$0$0$902,750
91$1,514,621$0$0$930,039
92$1,560,353$0$0$958,070
93$1,607,323$0$0$986,856
94$1,655,551$0$0$1,016,406
95$1,705,054$0$0$1,046,731
96$1,755,845$0$0$1,077,838
97$1,807,938$0$0$1,109,734
98$1,861,345$0$0$1,142,426
99$1,916,073$0$0$1,175,917
100$1,972,126$0$0$1,210,208