Can I retire at age 73 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$65,733$65,147$64,576$64,019$63,474$61,615
2 years$32,541$31,935$31,348$30,778$30,226$28,368
3 years$21,479$20,870$20,284$19,720$19,176$17,378
4 years$15,948$15,342$14,762$14,207$13,677$11,952
5 years$12,631$12,028$11,456$10,912$10,397$8,749
6 years$10,420$9,822$9,258$8,727$8,227$6,659
7 years$8,842$8,248$7,693$7,175$6,691$5,202
8 years$7,659$7,070$6,525$6,019$5,550$4,140
9 years$6,739$6,156$5,620$5,127$4,674$3,341
10 years$6,003$5,426$4,899$4,419$3,983$2,725
11 years$5,402$4,831$4,313$3,846$3,425$2,240
12 years$4,901$4,336$3,828$3,373$2,968$1,854
13 years$4,478$3,918$3,420$2,978$2,588$1,542
14 years$4,115$3,562$3,073$2,644$2,269$1,288
15 years$3,801$3,254$2,774$2,358$1,998$1,080
16 years$3,527$2,985$2,515$2,111$1,766$908
17 years$3,285$2,749$2,289$1,897$1,566$765
18 years$3,070$2,540$2,089$1,709$1,392$646
19 years$2,878$2,354$1,913$1,545$1,241$546
20 years$2,705$2,188$1,755$1,399$1,108$463
21 years$2,549$2,038$1,615$1,270$992$392
22 years$2,408$1,902$1,488$1,154$889$333
23 years$2,279$1,779$1,374$1,051$798$283
24 years$2,161$1,667$1,271$959$717$240
25 years$2,052$1,564$1,177$876$645$204
26 years$1,952$1,470$1,092$801$581$174
27 years$1,860$1,384$1,014$733$524$148
28 years$1,774$1,304$942$671$473$126
29 years$1,694$1,230$877$616$427$107
30 years$1,620$1,162$817$565$386$91
31 years$1,551$1,098$761$519$349$78
32 years$1,486$1,039$710$477$316$66
33 years$1,426$984$663$439$286$57
34 years$1,368$933$620$404$259$48
35 years$1,315$885$579$372$234$41
36 years$1,264$840$542$342$212$35
37 years$1,217$797$507$315$192$30
38 years$1,171$758$475$291$174$26
39 years$1,129$721$445$268$158$22
40 years$1,088$686$417$247$143$19
41 years$1,050$653$391$228$130$16
42 years$1,013$622$367$210$118$14
43 years$979$592$344$194$107$12
44 years$946$564$323$179$97$10
45 years$914$538$304$166$88$8
46 years$884$513$285$153$80$7
47 years$856$490$268$141$73$6
48 years$828$468$252$131$66$5
49 years$802$447$237$121$60$4
50 years$777$427$222$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $796,000, adding $4,143 every year, while hoping to spend $38,965 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: 85/9/6 Blend
72$796,000$796,000$796,000$796,000
73$881,466$839,278$826,940$955,785
74$929,917$838,944$813,184$1,004,544
75$982,004$837,287$797,661$1,052,336
76$1,038,057$834,203$780,271$1,103,597
77$1,098,437$829,578$760,909$1,158,648
78$1,163,544$823,293$739,465$1,217,843
79$1,233,812$815,222$715,825$1,281,574
80$1,309,724$805,230$689,867$1,350,269
81$1,391,805$793,175$661,467$1,424,401
82$1,480,635$778,908$630,493$1,504,492
83$1,576,853$762,267$596,807$1,591,116
84$1,681,159$743,085$560,267$1,684,902
85$1,794,323$721,182$520,721$1,786,549
86$1,917,192$696,368$478,014$1,896,821
87$2,050,700$668,445$431,982$2,016,564
88$2,195,871$637,198$382,453$2,146,706
89$2,353,834$602,404$329,249$2,288,273
90$2,525,829$563,826$272,183$2,442,394
91$2,713,222$521,213$211,060$2,610,312
92$2,917,518$474,299$145,677$2,793,398
93$3,140,369$422,804$75,821$2,993,161
94$3,383,596$366,431$1,271$3,211,267
95$3,649,205$304,868$0$3,449,548
96$3,939,401$237,783$0$3,715,037
97$4,256,613$164,828$0$4,005,362
98$4,603,515$85,633$0$4,322,912
99$4,983,053$0$0$4,670,408
100$5,398,467$0$0$5,050,866