Can I retire at age 73 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$66,806$66,211$65,631$65,064$64,511$64,212
2 years$33,073$32,457$31,860$31,281$30,719$30,418
3 years$21,829$21,211$20,615$20,042$19,490$19,195
4 years$16,209$15,592$15,003$14,439$13,900$13,614
5 years$12,837$12,224$11,643$11,091$10,567$10,290
6 years$10,591$9,982$9,409$8,869$8,361$8,094
7 years$8,986$8,383$7,819$7,292$6,800$6,543
8 years$7,784$7,186$6,631$6,117$5,641$5,395
9 years$6,849$6,257$5,711$5,210$4,751$4,514
10 years$6,101$5,515$4,979$4,491$4,048$3,822
11 years$5,490$4,910$4,384$3,909$3,481$3,265
12 years$4,981$4,407$3,890$3,429$3,017$2,810
13 years$4,551$3,982$3,476$3,027$2,631$2,433
14 years$4,182$3,620$3,123$2,687$2,306$2,118
15 years$3,863$3,307$2,820$2,396$2,030$1,851
16 years$3,584$3,034$2,556$2,146$1,794$1,624
17 years$3,338$2,794$2,326$1,928$1,591$1,429
18 years$3,120$2,582$2,124$1,737$1,415$1,261
19 years$2,925$2,393$1,944$1,570$1,261$1,116
20 years$2,750$2,223$1,784$1,422$1,126$989
21 years$2,591$2,071$1,641$1,290$1,008$878
22 years$2,447$1,933$1,512$1,173$903$780
23 years$2,316$1,808$1,397$1,068$811$695
24 years$2,196$1,694$1,292$975$729$619
25 years$2,086$1,590$1,196$890$656$553
26 years$1,984$1,494$1,109$814$591$494
27 years$1,890$1,406$1,030$745$533$441
28 years$1,803$1,325$958$682$481$395
29 years$1,722$1,250$891$626$434$353
30 years$1,647$1,181$830$574$392$317
31 years$1,576$1,116$774$527$355$284
32 years$1,511$1,056$722$485$321$254
33 years$1,449$1,000$674$446$290$228
34 years$1,391$948$630$410$263$205
35 years$1,336$899$589$378$238$184
36 years$1,285$853$551$348$216$165
37 years$1,236$810$516$320$195$148
38 years$1,191$770$483$295$177$133
39 years$1,147$732$452$272$161$119
40 years$1,106$697$424$251$146$107
41 years$1,067$663$398$232$132$96
42 years$1,030$632$373$214$120$87
43 years$995$602$350$197$109$78
44 years$961$574$329$182$99$70
45 years$929$547$308$168$90$63
46 years$899$522$290$155$81$57
47 years$870$498$272$144$74$51
48 years$842$475$256$133$67$46
49 years$815$454$240$123$61$41
50 years$790$434$226$113$55$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $809,000, adding $5,506 every year, while hoping to spend $42,848 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: 57/14/29 Blend
72$809,000$809,000$809,000$809,000
73$897,197$854,320$841,781$940,901
74$943,122$850,592$824,391$967,819
75$992,294$845,245$804,982$992,211
76$1,045,001$838,155$783,441$1,017,931
77$1,101,555$829,189$759,651$1,045,123
78$1,162,303$818,208$733,488$1,073,944
79$1,227,620$805,063$704,823$1,104,573
80$1,297,923$789,597$673,520$1,137,205
81$1,373,668$771,643$639,439$1,172,061
82$1,455,353$751,025$602,432$1,209,385
83$1,543,531$727,557$562,345$1,249,449
84$1,638,804$701,040$519,016$1,292,555
85$1,741,836$671,265$472,278$1,339,039
86$1,853,358$638,012$421,954$1,389,275
87$1,974,172$601,046$367,860$1,443,677
88$2,105,159$560,119$309,805$1,502,705
89$2,247,290$514,969$247,588$1,566,871
90$2,401,632$465,321$181,001$1,636,741
91$2,569,357$410,881$109,824$1,712,945
92$2,751,758$351,340$33,829$1,796,179
93$2,950,254$286,373$0$1,887,217
94$3,166,408$215,633$0$2,001,541
95$3,401,939$138,756$0$2,137,597
96$3,658,739$55,358$0$2,286,036
97$3,938,893$0$0$2,448,107
98$4,244,691$0$0$2,630,573
99$4,578,657$0$0$2,839,227
100$4,943,570$0$0$3,067,284