Can I retire at age 73 with 816,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$67,385$66,784$66,199$65,627$65,069$64,632
2 years$33,359$32,737$32,135$31,551$30,985$30,544
3 years$22,018$21,394$20,794$20,215$19,658$19,227
4 years$16,349$15,727$15,132$14,564$14,020$13,603
5 years$12,949$12,330$11,743$11,187$10,658$10,255
6 years$10,682$10,069$9,490$8,946$8,433$8,045
7 years$9,064$8,456$7,887$7,355$6,859$6,486
8 years$7,851$7,248$6,688$6,170$5,690$5,332
9 years$6,908$6,311$5,761$5,255$4,792$4,449
10 years$6,154$5,563$5,022$4,530$4,083$3,755
11 years$5,538$4,952$4,422$3,943$3,511$3,198
12 years$5,024$4,445$3,924$3,458$3,043$2,744
13 years$4,590$4,017$3,506$3,053$2,653$2,369
14 years$4,218$3,651$3,150$2,710$2,326$2,055
15 years$3,897$3,335$2,844$2,417$2,048$1,790
16 years$3,615$3,060$2,579$2,164$1,810$1,565
17 years$3,367$2,818$2,346$1,944$1,605$1,373
18 years$3,147$2,604$2,142$1,752$1,427$1,207
19 years$2,950$2,413$1,961$1,583$1,272$1,064
20 years$2,773$2,243$1,800$1,434$1,136$939
21 years$2,613$2,089$1,655$1,302$1,017$831
22 years$2,468$1,950$1,526$1,183$911$736
23 years$2,336$1,824$1,409$1,078$818$653
24 years$2,215$1,709$1,303$983$735$580
25 years$2,104$1,604$1,207$898$662$515
26 years$2,001$1,507$1,119$821$596$459
27 years$1,907$1,418$1,039$751$537$408
28 years$1,819$1,337$966$688$485$364
29 years$1,737$1,261$899$631$438$324
30 years$1,661$1,191$837$579$396$289
31 years$1,590$1,126$781$532$358$258
32 years$1,524$1,065$728$489$324$231
33 years$1,461$1,009$680$450$293$206
34 years$1,403$956$635$414$265$184
35 years$1,348$907$594$381$240$164
36 years$1,296$861$556$351$218$147
37 years$1,247$817$520$323$197$131
38 years$1,201$777$487$298$179$118
39 years$1,157$739$456$275$162$105
40 years$1,116$703$428$253$147$94
41 years$1,076$669$401$234$133$84
42 years$1,039$637$376$216$121$75
43 years$1,003$607$353$199$110$67
44 years$970$579$331$184$100$60
45 years$937$552$311$170$91$54
46 years$907$526$292$157$82$48
47 years$877$502$275$145$75$43
48 years$849$480$258$134$68$39
49 years$822$458$243$124$62$35
50 years$797$437$228$114$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $816,000, adding $3,244 every year, while hoping to spend $27,198 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: 49/24/27 Blend
72$816,000$816,000$816,000$816,000
73$902,578$859,330$846,682$939,745
74$965,703$872,499$846,108$979,271
75$1,034,354$885,401$844,602$1,019,234
76$1,109,068$897,996$842,106$1,062,119
77$1,190,433$910,237$838,556$1,108,214
78$1,279,096$922,078$833,887$1,157,840
79$1,375,772$933,468$828,030$1,211,349
80$1,481,243$944,350$820,912$1,269,130
81$1,596,375$954,668$812,457$1,331,615
82$1,722,118$964,360$802,587$1,399,279
83$1,859,518$973,357$791,218$1,472,648
84$2,009,728$981,591$778,263$1,552,302
85$2,174,016$988,985$763,631$1,638,880
86$2,353,779$995,459$747,226$1,733,092
87$2,550,556$1,000,928$728,949$1,835,718
88$2,766,040$1,005,300$708,696$1,947,621
89$3,002,096$1,008,480$686,357$2,069,753
90$3,260,778$1,010,363$661,819$2,203,166
91$3,544,348$1,010,842$634,961$2,349,020
92$3,855,299$1,009,800$605,658$2,508,597
93$4,196,373$1,007,114$573,782$2,683,312
94$4,570,593$1,002,653$539,194$2,874,725
95$4,981,289$996,278$501,752$3,084,560
96$5,432,127$987,843$461,308$3,314,718
97$5,927,148$977,191$417,705$3,567,298
98$6,470,800$964,156$370,781$3,844,615
99$7,067,986$948,564$320,367$4,149,226
100$7,724,106$930,229$266,284$4,483,950