Can I retire at age 73 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$66,394$65,802$65,225$64,662$64,112$62,818
2 years$32,868$32,256$31,663$31,088$30,530$29,231
3 years$21,694$21,080$20,488$19,918$19,369$18,107
4 years$16,109$15,496$14,910$14,350$13,814$12,599
5 years$12,758$12,149$11,571$11,022$10,501$9,335
6 years$10,525$9,920$9,351$8,814$8,309$7,194
7 years$8,931$8,331$7,771$7,247$6,758$5,694
8 years$7,736$7,141$6,590$6,079$5,606$4,593
9 years$6,806$6,218$5,676$5,178$4,721$3,758
10 years$6,063$5,481$4,949$4,464$4,023$3,109
11 years$5,456$4,879$4,357$3,885$3,460$2,594
12 years$4,950$4,379$3,866$3,407$2,998$2,179
13 years$4,523$3,958$3,454$3,008$2,614$1,841
14 years$4,156$3,597$3,104$2,670$2,292$1,563
15 years$3,839$3,286$2,802$2,381$2,018$1,331
16 years$3,562$3,015$2,541$2,132$1,783$1,138
17 years$3,318$2,777$2,312$1,916$1,581$975
18 years$3,101$2,566$2,110$1,727$1,406$837
19 years$2,907$2,378$1,932$1,560$1,253$720
20 years$2,733$2,210$1,773$1,413$1,119$621
21 years$2,575$2,058$1,631$1,282$1,002$535
22 years$2,432$1,921$1,503$1,166$898$463
23 years$2,302$1,797$1,388$1,062$806$400
24 years$2,182$1,684$1,284$969$724$346
25 years$2,073$1,580$1,189$884$652$300
26 years$1,972$1,485$1,103$809$587$260
27 years$1,878$1,398$1,024$740$529$225
28 years$1,792$1,317$952$678$478$196
29 years$1,712$1,242$886$622$431$170
30 years$1,637$1,173$825$571$390$147
31 years$1,567$1,109$769$524$352$128
32 years$1,501$1,049$718$482$319$111
33 years$1,440$994$670$443$288$97
34 years$1,382$942$626$408$261$84
35 years$1,328$893$585$375$237$73
36 years$1,277$848$548$346$214$63
37 years$1,229$805$513$318$194$55
38 years$1,183$765$480$293$176$48
39 years$1,140$728$450$271$160$42
40 years$1,099$692$421$250$145$36
41 years$1,060$659$395$230$131$32
42 years$1,024$628$371$213$119$27
43 years$989$598$348$196$108$24
44 years$955$570$327$181$98$21
45 years$924$544$307$167$89$18
46 years$893$519$288$155$81$16
47 years$864$495$271$143$74$14
48 years$837$473$254$132$67$12
49 years$810$451$239$122$61$10
50 years$785$431$225$113$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $804,000, adding $3,372 every year, while hoping to spend $58,283 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: 51/33/16 Blend
72$804,000$804,000$804,000$804,000
73$889,486$846,874$834,412$930,794
74$918,201$826,358$800,352$939,015
75$947,892$802,884$763,198$941,576
76$978,596$776,244$722,784$943,075
77$1,010,353$746,221$678,938$943,433
78$1,043,206$712,582$631,479$942,562
79$1,077,198$675,084$580,219$940,372
80$1,112,376$633,468$524,961$936,767
81$1,148,790$587,459$465,498$931,645
82$1,186,491$536,769$401,617$924,902
83$1,225,534$481,091$333,092$916,424
84$1,265,977$420,103$259,689$906,093
85$1,307,881$353,463$181,163$893,786
86$1,351,313$280,810$97,260$879,373
87$1,396,340$201,763$7,711$862,716
88$1,443,036$115,919$0$843,671
89$1,491,480$22,853$0$837,087
90$1,541,754$0$0$830,184
91$1,593,948$0$0$849,815
92$1,648,157$0$0$878,831
93$1,704,481$0$0$908,991
94$1,763,028$0$0$940,354
95$1,823,915$0$0$972,983
96$1,887,266$0$0$1,006,946
97$1,953,214$0$0$1,042,318
98$2,021,903$0$0$1,079,176
99$2,093,485$0$0$1,117,606
100$2,168,128$0$0$1,157,699