Can I retire at age 73 with 795,000?

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 $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%16.9%
1 years$65,650$65,066$64,495$63,938$63,394$61,612
2 years$32,500$31,895$31,308$30,740$30,188$28,406
3 years$21,452$20,844$20,259$19,695$19,152$17,426
4 years$15,928$15,322$14,743$14,189$13,660$12,003
5 years$12,615$12,013$11,441$10,899$10,384$8,801
6 years$10,407$9,809$9,246$8,716$8,216$6,709
7 years$8,831$8,238$7,684$7,166$6,682$5,250
8 years$7,649$7,061$6,516$6,011$5,543$4,186
9 years$6,730$6,148$5,613$5,120$4,668$3,384
10 years$5,996$5,419$4,893$4,414$3,978$2,765
11 years$5,395$4,825$4,308$3,841$3,421$2,278
12 years$4,895$4,330$3,823$3,369$2,965$1,889
13 years$4,472$3,913$3,416$2,975$2,585$1,574
14 years$4,110$3,557$3,069$2,640$2,266$1,318
15 years$3,796$3,249$2,771$2,355$1,995$1,107
16 years$3,522$2,981$2,512$2,108$1,763$933
17 years$3,281$2,746$2,286$1,894$1,564$788
18 years$3,066$2,537$2,087$1,707$1,390$667
19 years$2,874$2,351$1,910$1,543$1,239$565
20 years$2,702$2,185$1,753$1,397$1,107$480
21 years$2,546$2,035$1,613$1,268$990$407
22 years$2,405$1,900$1,486$1,153$888$347
23 years$2,276$1,777$1,372$1,050$797$295
24 years$2,158$1,665$1,269$958$716$251
25 years$2,050$1,562$1,176$875$645$214
26 years$1,950$1,468$1,090$800$581$183
27 years$1,857$1,382$1,012$732$523$156
28 years$1,772$1,302$941$671$472$133
29 years$1,692$1,228$876$615$427$114
30 years$1,618$1,160$816$564$385$97
31 years$1,549$1,097$761$518$348$83
32 years$1,484$1,038$710$476$315$71
33 years$1,424$983$663$438$285$61
34 years$1,367$931$619$403$258$52
35 years$1,313$883$579$371$234$44
36 years$1,263$838$541$342$212$38
37 years$1,215$796$507$315$192$32
38 years$1,170$757$475$290$174$28
39 years$1,127$720$445$268$158$24
40 years$1,087$685$417$247$143$20
41 years$1,049$652$391$228$130$17
42 years$1,012$621$367$210$118$15
43 years$978$591$344$194$107$13
44 years$945$564$323$179$97$11
45 years$913$538$303$165$88$9
46 years$883$513$285$153$80$8
47 years$855$489$268$141$73$7
48 years$827$467$251$130$66$6
49 years$801$446$236$121$60$5
50 years$776$426$222$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $795,000, adding $3,400 every year, while hoping to spend $44,621 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: 61/19/20 Blend
72$795,000$795,000$795,000$795,000
73$879,597$837,462$825,140$928,479
74$921,840$831,021$805,305$955,481
75$966,895$822,769$783,311$979,694
76$1,015,004$812,571$759,038$1,005,104
77$1,066,429$800,281$732,360$1,031,834
78$1,121,458$785,748$703,147$1,060,019
79$1,180,406$768,809$671,262$1,089,811
80$1,243,621$749,294$636,563$1,121,380
81$1,311,483$727,022$598,900$1,154,915
82$1,384,408$701,800$558,117$1,190,625
83$1,462,855$673,426$514,051$1,228,745
84$1,547,326$641,684$466,532$1,269,535
85$1,638,375$606,348$415,382$1,313,283
86$1,736,607$567,176$360,415$1,360,312
87$1,842,688$523,916$301,437$1,410,979
88$1,957,352$476,297$238,245$1,465,681
89$2,081,403$424,037$170,627$1,524,858
90$2,215,726$366,834$98,362$1,589,001
91$2,361,293$304,372$21,221$1,658,652
92$2,519,174$236,316$0$1,734,413
93$2,690,546$162,311$0$1,829,994
94$2,876,702$81,984$0$1,938,775
95$3,079,064$0$0$2,057,102
96$3,299,200$0$0$2,187,000
97$3,538,830$0$0$2,347,114
98$3,799,851$0$0$2,521,577
99$4,084,347$0$0$2,711,790
100$4,394,615$0$0$2,919,294