Can I retire at age 73 with 807,000?

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 $807,000?

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$66,641$66,048$65,469$64,903$64,351$63,786
2 years$32,991$32,376$31,781$31,203$30,643$30,073
3 years$21,775$21,158$20,564$19,992$19,441$18,885
4 years$16,169$15,554$14,966$14,403$13,866$13,327
5 years$12,806$12,194$11,614$11,063$10,541$10,021
6 years$10,564$9,957$9,386$8,847$8,340$7,840
7 years$8,964$8,362$7,800$7,274$6,783$6,303
8 years$7,764$7,168$6,615$6,102$5,627$5,167
9 years$6,832$6,241$5,697$5,197$4,739$4,299
10 years$6,086$5,501$4,967$4,480$4,038$3,617
11 years$5,476$4,897$4,373$3,899$3,473$3,071
12 years$4,969$4,396$3,881$3,420$3,009$2,627
13 years$4,539$3,972$3,467$3,019$2,624$2,260
14 years$4,172$3,611$3,115$2,680$2,300$1,955
15 years$3,854$3,298$2,813$2,390$2,025$1,697
16 years$3,575$3,026$2,550$2,140$1,790$1,479
17 years$3,330$2,787$2,321$1,923$1,587$1,293
18 years$3,112$2,575$2,118$1,733$1,411$1,133
19 years$2,918$2,387$1,939$1,566$1,258$995
20 years$2,743$2,218$1,780$1,418$1,124$875
21 years$2,585$2,066$1,637$1,287$1,005$771
22 years$2,441$1,929$1,509$1,170$901$681
23 years$2,310$1,804$1,393$1,066$809$601
24 years$2,191$1,690$1,288$972$727$532
25 years$2,081$1,586$1,193$888$654$471
26 years$1,979$1,491$1,107$812$589$417
27 years$1,885$1,403$1,028$743$531$370
28 years$1,799$1,322$955$681$479$329
29 years$1,718$1,247$889$624$433$292
30 years$1,643$1,178$828$573$391$259
31 years$1,572$1,113$772$526$354$230
32 years$1,507$1,053$720$484$320$205
33 years$1,445$998$673$445$290$182
34 years$1,387$945$628$409$262$162
35 years$1,333$897$588$377$237$144
36 years$1,282$851$550$347$215$128
37 years$1,233$808$514$320$195$114
38 years$1,188$768$482$295$177$102
39 years$1,144$731$451$272$160$91
40 years$1,103$695$423$251$145$81
41 years$1,064$662$397$231$132$72
42 years$1,027$630$372$213$120$64
43 years$992$600$349$197$109$57
44 years$959$572$328$182$99$51
45 years$927$546$308$168$90$45
46 years$897$521$289$155$81$41
47 years$868$497$272$143$74$36
48 years$840$474$255$132$67$32
49 years$813$453$240$122$61$29
50 years$788$433$225$113$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $807,000, adding $4,263 every year, while hoping to spend $24,809 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: 56/36/8 Blend
72$807,000$807,000$807,000$807,000
73$893,711$850,940$838,432$941,857
74$958,473$866,240$840,123$990,125
75$1,029,009$881,457$841,039$1,039,542
76$1,105,883$896,563$841,128$1,092,760
77$1,189,712$911,524$840,335$1,150,146
78$1,281,180$926,306$838,603$1,212,102
79$1,381,036$940,871$835,872$1,279,072
80$1,490,106$955,178$832,079$1,351,546
81$1,609,300$969,185$827,156$1,430,063
82$1,739,619$982,845$821,036$1,515,218
83$1,882,164$996,109$813,645$1,607,666
84$2,038,150$1,008,923$804,907$1,708,130
85$2,208,913$1,021,232$794,743$1,817,407
86$2,395,924$1,032,974$783,069$1,936,375
87$2,600,803$1,044,085$769,797$2,066,002
88$2,825,336$1,054,496$754,836$2,207,357
89$3,071,488$1,064,134$738,091$2,361,617
90$3,341,423$1,072,920$719,460$2,530,079
91$3,637,526$1,080,770$698,840$2,714,176
92$3,962,423$1,087,597$676,120$2,915,484
93$4,319,005$1,093,305$651,185$3,135,745
94$4,710,461$1,097,794$623,917$3,376,877
95$5,140,299$1,100,957$594,189$3,640,995
96$5,612,385$1,102,679$561,870$3,930,430
97$6,130,979$1,102,841$526,824$4,247,756
98$6,700,773$1,101,315$488,906$4,595,807
99$7,326,935$1,097,963$447,968$4,977,710
100$8,015,161$1,092,641$403,853$5,396,910