Can I retire at age 73 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$66,228$65,638$65,063$64,501$63,953$62,508
2 years$32,786$32,176$31,584$31,010$30,454$29,006
3 years$21,640$21,027$20,437$19,869$19,321$17,916
4 years$16,069$15,457$14,873$14,314$13,780$12,428
5 years$12,726$12,119$11,542$10,995$10,475$9,180
6 years$10,499$9,896$9,328$8,792$8,289$7,051
7 years$8,909$8,310$7,751$7,229$6,741$5,562
8 years$7,716$7,124$6,574$6,064$5,592$4,471
9 years$6,789$6,202$5,662$5,165$4,710$3,645
10 years$6,048$5,467$4,936$4,452$4,013$3,004
11 years$5,443$4,867$4,346$3,875$3,451$2,497
12 years$4,938$4,368$3,857$3,399$2,991$2,090
13 years$4,511$3,948$3,446$3,001$2,608$1,758
14 years$4,146$3,588$3,096$2,664$2,286$1,486
15 years$3,830$3,278$2,795$2,376$2,013$1,261
16 years$3,553$3,008$2,534$2,127$1,779$1,073
17 years$3,309$2,770$2,306$1,911$1,577$915
18 years$3,093$2,559$2,105$1,722$1,402$783
19 years$2,900$2,372$1,927$1,556$1,250$670
20 years$2,726$2,204$1,769$1,409$1,117$575
21 years$2,569$2,053$1,627$1,279$999$494
22 years$2,426$1,917$1,499$1,163$896$425
23 years$2,296$1,793$1,384$1,059$804$366
24 years$2,177$1,679$1,280$966$723$315
25 years$2,068$1,576$1,186$882$650$271
26 years$1,967$1,481$1,100$807$586$234
27 years$1,874$1,394$1,021$738$528$202
28 years$1,787$1,314$949$677$477$174
29 years$1,707$1,239$884$620$430$151
30 years$1,633$1,170$823$569$389$130
31 years$1,563$1,106$767$523$351$113
32 years$1,497$1,047$716$481$318$97
33 years$1,436$991$668$442$288$84
34 years$1,379$940$625$407$261$73
35 years$1,325$891$584$374$236$63
36 years$1,274$846$546$345$214$54
37 years$1,226$803$511$318$194$47
38 years$1,180$764$479$293$176$41
39 years$1,137$726$449$270$159$35
40 years$1,096$691$420$249$144$31
41 years$1,058$658$394$230$131$26
42 years$1,021$626$370$212$119$23
43 years$986$597$347$196$108$20
44 years$953$569$326$181$98$17
45 years$921$542$306$167$89$15
46 years$891$517$287$154$81$13
47 years$862$494$270$142$73$11
48 years$835$471$254$132$67$10
49 years$808$450$238$122$60$8
50 years$783$430$224$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $802,000, adding $3,595 every year, while hoping to spend $35,351 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: 66/16/18 Blend
72$802,000$802,000$802,000$802,000
73$887,512$845,006$832,575$941,914
74$940,425$848,798$822,853$982,582
75$997,551$851,591$811,621$1,022,606
76$1,059,281$853,299$798,790$1,065,502
77$1,126,047$853,830$784,269$1,111,552
78$1,198,322$853,087$767,961$1,161,067
79$1,276,629$850,966$749,765$1,214,388
80$1,361,539$847,357$729,576$1,271,896
81$1,453,683$842,144$707,284$1,334,008
82$1,553,753$835,204$682,772$1,401,186
83$1,662,512$826,405$655,922$1,473,940
84$1,780,798$815,609$626,605$1,552,834
85$1,909,534$802,669$594,691$1,638,488
86$2,049,735$787,427$560,041$1,731,590
87$2,202,516$769,720$522,511$1,832,897
88$2,369,109$749,372$481,951$1,943,246
89$2,550,864$726,198$438,203$2,063,561
90$2,749,273$700,002$391,103$2,194,862
91$2,965,972$670,576$340,478$2,338,273
92$3,202,768$637,700$286,151$2,495,038
93$3,461,646$601,144$227,933$2,666,528
94$3,744,794$560,660$165,629$2,854,255
95$4,054,620$515,989$99,034$3,059,891
96$4,393,776$466,857$27,937$3,285,277
97$4,765,182$412,973$0$3,532,449
98$5,172,053$354,032$0$3,812,857
99$5,617,931$289,708$0$4,126,095
100$6,106,715$219,659$0$4,469,572