Can I retire at age 73 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$65,650$65,066$64,495$63,938$63,394$62,837
2 years$32,500$31,895$31,308$30,740$30,188$29,626
3 years$21,452$20,844$20,259$19,695$19,152$18,604
4 years$15,928$15,322$14,743$14,189$13,660$13,128
5 years$12,615$12,013$11,441$10,899$10,384$9,872
6 years$10,407$9,809$9,246$8,716$8,216$7,724
7 years$8,831$8,238$7,684$7,166$6,682$6,209
8 years$7,649$7,061$6,516$6,011$5,543$5,090
9 years$6,730$6,148$5,613$5,120$4,668$4,235
10 years$5,996$5,419$4,893$4,414$3,978$3,563
11 years$5,395$4,825$4,308$3,841$3,421$3,026
12 years$4,895$4,330$3,823$3,369$2,965$2,588
13 years$4,472$3,913$3,416$2,975$2,585$2,227
14 years$4,110$3,557$3,069$2,640$2,266$1,926
15 years$3,796$3,249$2,771$2,355$1,995$1,672
16 years$3,522$2,981$2,512$2,108$1,763$1,457
17 years$3,281$2,746$2,286$1,894$1,564$1,273
18 years$3,066$2,537$2,087$1,707$1,390$1,116
19 years$2,874$2,351$1,910$1,543$1,239$980
20 years$2,702$2,185$1,753$1,397$1,107$862
21 years$2,546$2,035$1,613$1,268$990$760
22 years$2,405$1,900$1,486$1,153$888$670
23 years$2,276$1,777$1,372$1,050$797$592
24 years$2,158$1,665$1,269$958$716$524
25 years$2,050$1,562$1,176$875$645$464
26 years$1,950$1,468$1,090$800$581$411
27 years$1,857$1,382$1,012$732$523$365
28 years$1,772$1,302$941$671$472$324
29 years$1,692$1,228$876$615$427$287
30 years$1,618$1,160$816$564$385$255
31 years$1,549$1,097$761$518$348$227
32 years$1,484$1,038$710$476$315$202
33 years$1,424$983$663$438$285$180
34 years$1,367$931$619$403$258$160
35 years$1,313$883$579$371$234$142
36 years$1,263$838$541$342$212$127
37 years$1,215$796$507$315$192$113
38 years$1,170$757$475$290$174$100
39 years$1,127$720$445$268$158$89
40 years$1,087$685$417$247$143$80
41 years$1,049$652$391$228$130$71
42 years$1,012$621$367$210$118$63
43 years$978$591$344$194$107$56
44 years$945$564$323$179$97$50
45 years$913$538$303$165$88$45
46 years$883$513$285$153$80$40
47 years$855$489$268$141$73$36
48 years$827$467$251$130$66$32
49 years$801$446$236$121$60$28
50 years$776$426$222$111$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $795,000, adding $5,218 every year, while hoping to spend $24,348 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: 21/50/29 Blend
72$795,000$795,000$795,000$795,000
73$881,472$839,337$827,015$891,792
74$945,476$854,559$828,814$916,867
75$1,015,193$869,710$829,857$941,306
76$1,091,179$884,762$830,093$966,903
77$1,174,047$899,683$829,469$993,768
78$1,264,472$914,440$827,929$1,022,022
79$1,363,196$928,996$825,413$1,051,801
80$1,471,038$943,312$821,860$1,083,255
81$1,588,896$957,347$817,204$1,116,550
82$1,717,763$971,056$811,379$1,151,873
83$1,858,727$984,390$804,313$1,189,429
84$2,012,991$997,299$795,932$1,229,448
85$2,181,878$1,009,728$786,157$1,272,183
86$2,366,843$1,021,619$774,907$1,317,916
87$2,569,490$1,032,907$762,096$1,366,960
88$2,791,586$1,043,528$747,634$1,419,661
89$3,035,076$1,053,409$731,428$1,476,406
90$3,302,103$1,062,475$713,380$1,537,619
91$3,595,027$1,070,645$693,387$1,603,775
92$3,916,445$1,077,833$671,341$1,675,397
93$4,269,223$1,083,947$647,131$1,753,067
94$4,656,512$1,088,889$620,639$1,837,427
95$5,081,788$1,092,556$591,742$1,929,192
96$5,548,877$1,094,838$560,312$2,029,149
97$6,061,994$1,095,617$526,214$2,138,173
98$6,625,784$1,094,768$489,309$2,257,232
99$7,245,363$1,092,161$449,449$2,387,396
100$7,926,367$1,087,653$406,483$2,529,851