Can I retire at age 73 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$66,889$66,293$65,712$65,145$64,591$63,442
2 years$33,113$32,497$31,899$31,319$30,757$29,604
3 years$21,856$21,237$20,641$20,067$19,514$18,392
4 years$16,229$15,611$15,021$14,457$13,917$12,835
5 years$12,853$12,240$11,657$11,104$10,580$9,541
6 years$10,604$9,994$9,421$8,880$8,371$7,377
7 years$8,997$8,393$7,829$7,301$6,808$5,858
8 years$7,793$7,195$6,639$6,125$5,648$4,742
9 years$6,857$6,264$5,718$5,217$4,756$3,894
10 years$6,109$5,522$4,985$4,497$4,053$3,233
11 years$5,497$4,916$4,389$3,914$3,486$2,708
12 years$4,987$4,412$3,895$3,433$3,020$2,284
13 years$4,556$3,987$3,480$3,031$2,634$1,937
14 years$4,187$3,624$3,127$2,690$2,309$1,651
15 years$3,868$3,311$2,823$2,399$2,033$1,412
16 years$3,589$3,038$2,560$2,148$1,797$1,212
17 years$3,342$2,797$2,329$1,930$1,593$1,043
18 years$3,124$2,585$2,126$1,739$1,416$899
19 years$2,929$2,396$1,946$1,572$1,263$777
20 years$2,753$2,226$1,786$1,424$1,128$673
21 years$2,594$2,074$1,643$1,292$1,009$583
22 years$2,450$1,936$1,514$1,175$905$506
23 years$2,319$1,810$1,398$1,070$812$440
24 years$2,199$1,696$1,293$976$730$382
25 years$2,088$1,592$1,198$891$657$333
26 years$1,987$1,496$1,111$815$592$290
27 years$1,892$1,408$1,031$746$533$253
28 years$1,805$1,327$959$683$481$220
29 years$1,724$1,252$892$627$435$192
30 years$1,649$1,182$831$575$393$168
31 years$1,578$1,117$775$528$355$146
32 years$1,512$1,057$723$485$321$128
33 years$1,451$1,001$675$446$291$112
34 years$1,393$949$631$411$263$97
35 years$1,338$900$590$378$238$85
36 years$1,286$854$552$348$216$74
37 years$1,238$811$516$321$196$65
38 years$1,192$771$484$296$177$57
39 years$1,149$733$453$273$161$50
40 years$1,107$698$425$251$146$43
41 years$1,068$664$398$232$132$38
42 years$1,031$632$373$214$120$33
43 years$996$603$350$198$109$29
44 years$962$574$329$183$99$25
45 years$930$548$309$169$90$22
46 years$900$523$290$156$82$19
47 years$871$499$273$144$74$17
48 years$843$476$256$133$67$15
49 years$816$455$241$123$61$13
50 years$791$434$226$114$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $810,000, adding $2,397 every year, while hoping to spend $32,026 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: 71/23/6 Blend
72$810,000$810,000$810,000$810,000
73$895,093$852,163$839,608$957,792
74$952,317$859,843$833,659$1,007,181
75$1,014,304$866,827$826,438$1,057,011
76$1,081,507$873,045$817,867$1,110,655
77$1,154,423$878,426$807,868$1,168,482
78$1,233,598$882,893$796,355$1,230,895
79$1,319,634$886,364$783,242$1,298,340
80$1,413,191$888,751$768,436$1,371,306
81$1,514,999$889,962$751,841$1,450,337
82$1,625,858$889,899$733,357$1,536,028
83$1,746,649$888,457$712,877$1,629,037
84$1,878,341$885,526$690,293$1,730,090
85$2,022,003$880,987$665,488$1,839,986
86$2,178,808$874,716$638,343$1,959,606
87$2,350,049$866,581$608,731$2,089,923
88$2,537,151$856,440$576,520$2,232,009
89$2,741,681$844,146$541,574$2,387,046
90$2,965,363$829,540$503,747$2,556,336
91$3,210,098$812,455$462,890$2,741,317
92$3,477,977$792,714$418,846$2,943,573
93$3,771,304$770,131$371,451$3,164,851
94$4,092,616$744,506$320,533$3,407,078
95$4,444,705$715,629$265,914$3,672,377
96$4,830,649$683,279$207,406$3,963,090
97$5,253,835$647,219$144,814$4,281,800
98$5,717,996$607,203$77,935$4,631,355
99$6,227,242$562,966$6,556$5,014,893
100$6,786,100$514,231$0$5,435,877