Can I retire at age 73 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$67,219$66,621$66,036$65,466$64,910$63,625
2 years$33,277$32,657$32,057$31,474$30,909$29,621
3 years$21,964$21,342$20,743$20,166$19,610$18,357
4 years$16,309$15,688$15,095$14,528$13,986$12,779
5 years$12,917$12,300$11,715$11,159$10,632$9,474
6 years$10,656$10,044$9,467$8,924$8,413$7,305
7 years$9,042$8,435$7,867$7,337$6,842$5,785
8 years$7,832$7,230$6,672$6,155$5,676$4,669
9 years$6,891$6,295$5,747$5,243$4,780$3,823
10 years$6,139$5,549$5,010$4,519$4,073$3,164
11 years$5,524$4,940$4,411$3,933$3,503$2,642
12 years$5,012$4,434$3,914$3,450$3,035$2,221
13 years$4,579$4,007$3,497$3,046$2,647$1,878
14 years$4,208$3,642$3,142$2,704$2,320$1,595
15 years$3,887$3,327$2,837$2,411$2,043$1,359
16 years$3,606$3,053$2,572$2,159$1,806$1,162
17 years$3,359$2,811$2,341$1,940$1,601$997
18 years$3,139$2,598$2,137$1,748$1,423$857
19 years$2,943$2,408$1,956$1,580$1,269$737
20 years$2,767$2,237$1,795$1,431$1,133$636
21 years$2,607$2,084$1,651$1,298$1,014$549
22 years$2,462$1,945$1,522$1,180$909$475
23 years$2,330$1,819$1,405$1,075$816$411
24 years$2,210$1,705$1,300$981$733$356
25 years$2,099$1,600$1,204$895$660$309
26 years$1,996$1,503$1,116$819$595$268
27 years$1,902$1,415$1,037$749$536$232
28 years$1,814$1,333$964$687$484$202
29 years$1,733$1,258$897$630$437$175
30 years$1,657$1,188$835$578$395$152
31 years$1,586$1,123$779$531$357$132
32 years$1,520$1,063$727$488$323$115
33 years$1,458$1,006$678$449$292$100
34 years$1,399$954$634$413$264$87
35 years$1,345$905$593$380$239$76
36 years$1,293$859$554$350$217$66
37 years$1,244$815$519$322$197$57
38 years$1,198$775$486$297$178$50
39 years$1,154$737$455$274$162$43
40 years$1,113$701$427$253$147$38
41 years$1,074$667$400$233$133$33
42 years$1,036$636$375$215$121$29
43 years$1,001$606$352$199$110$25
44 years$967$577$331$183$99$22
45 years$935$550$310$169$90$19
46 years$904$525$292$156$82$16
47 years$875$501$274$145$74$14
48 years$847$478$257$134$68$13
49 years$820$457$242$123$61$11
50 years$795$436$227$114$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $814,000, adding $3,557 every year, while hoping to spend $41,252 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: 70/15/15 Blend
72$814,000$814,000$814,000$814,000
73$900,697$857,555$844,938$960,413
74$948,676$855,683$829,352$998,698
75$1,000,167$852,338$811,861$1,035,296
76$1,055,483$847,402$792,357$1,074,286
77$1,114,971$840,753$770,730$1,115,899
78$1,179,009$832,260$746,860$1,160,389
79$1,248,014$821,787$720,626$1,208,035
80$1,322,443$809,186$691,898$1,259,148
81$1,402,798$794,302$660,542$1,314,071
82$1,489,631$776,971$626,419$1,373,181
83$1,583,550$757,018$589,380$1,436,897
84$1,685,220$734,261$549,272$1,505,680
85$1,795,375$708,503$505,936$1,580,040
86$1,914,822$679,538$459,203$1,660,542
87$2,044,446$647,147$408,899$1,747,807
88$2,185,223$611,101$354,840$1,842,523
89$2,338,225$571,154$296,836$1,945,450
90$2,504,631$527,047$234,688$2,057,425
91$2,685,740$478,509$168,186$2,179,376
92$2,882,979$425,250$97,114$2,312,324
93$3,097,921$366,965$21,245$2,457,400
94$3,332,294$303,332$0$2,615,850
95$3,588,002$234,009$0$2,798,608
96$3,867,141$158,638$0$3,001,887
97$4,172,017$76,839$0$3,224,003
98$4,505,169$0$0$3,466,849
99$4,869,391$0$0$3,734,462
100$5,267,762$0$0$4,041,079