Can I retire at age 73 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$67,467$66,866$66,280$65,708$65,149$64,657
2 years$33,400$32,778$32,175$31,590$31,023$30,527
3 years$22,045$21,420$20,819$20,240$19,682$19,198
4 years$16,369$15,746$15,151$14,582$14,038$13,568
5 years$12,964$12,345$11,758$11,200$10,671$10,218
6 years$10,695$10,081$9,502$8,957$8,444$8,008
7 years$9,075$8,466$7,896$7,364$6,867$6,448
8 years$7,861$7,257$6,697$6,177$5,697$5,295
9 years$6,916$6,318$5,768$5,262$4,798$4,413
10 years$6,162$5,569$5,029$4,536$4,088$3,720
11 years$5,544$4,958$4,427$3,947$3,516$3,165
12 years$5,030$4,450$3,929$3,462$3,047$2,712
13 years$4,596$4,022$3,510$3,057$2,657$2,338
14 years$4,224$3,656$3,154$2,714$2,329$2,026
15 years$3,901$3,339$2,848$2,420$2,050$1,763
16 years$3,620$3,064$2,582$2,167$1,812$1,539
17 years$3,371$2,822$2,349$1,947$1,607$1,348
18 years$3,151$2,607$2,145$1,755$1,429$1,184
19 years$2,954$2,416$1,963$1,585$1,273$1,042
20 years$2,777$2,245$1,802$1,436$1,137$918
21 years$2,617$2,092$1,657$1,303$1,018$811
22 years$2,471$1,952$1,527$1,185$912$717
23 years$2,339$1,826$1,410$1,079$819$635
24 years$2,218$1,711$1,304$984$736$563
25 years$2,106$1,606$1,208$899$662$500
26 years$2,004$1,509$1,120$822$597$444
27 years$1,909$1,420$1,040$752$538$395
28 years$1,821$1,338$967$689$485$351
29 years$1,739$1,262$900$632$438$313
30 years$1,663$1,192$838$580$396$278
31 years$1,592$1,127$782$533$358$248
32 years$1,525$1,066$729$490$324$221
33 years$1,463$1,010$681$450$293$197
34 years$1,405$957$636$414$265$176
35 years$1,349$908$595$381$240$157
36 years$1,298$862$556$351$218$140
37 years$1,249$818$521$324$197$125
38 years$1,202$778$488$298$179$112
39 years$1,158$740$457$275$162$100
40 years$1,117$704$428$254$147$89
41 years$1,078$670$402$234$134$80
42 years$1,040$638$377$216$121$71
43 years$1,005$608$353$199$110$64
44 years$971$579$332$184$100$57
45 years$938$552$312$170$91$51
46 years$908$527$293$157$82$45
47 years$878$503$275$145$75$41
48 years$850$480$258$134$68$36
49 years$823$459$243$124$62$32
50 years$798$438$228$115$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $817,000, adding $2,093 every year, while hoping to spend $53,494 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: 45/34/21 Blend
72$817,000$817,000$817,000$817,000
73$902,493$859,192$846,528$937,562
74$937,630$844,375$817,970$947,615
75$974,558$827,039$786,662$953,074
76$1,013,404$807,005$752,456$957,897
77$1,054,304$784,081$715,196$962,049
78$1,097,408$758,066$674,720$965,499
79$1,142,879$728,747$630,859$968,213
80$1,190,895$695,897$583,434$970,160
81$1,241,648$659,279$532,262$971,313
82$1,295,351$618,638$477,147$971,642
83$1,352,234$573,708$417,888$971,124
84$1,412,548$524,207$354,274$969,738
85$1,476,570$469,835$286,085$967,464
86$1,544,600$410,277$213,088$964,291
87$1,616,968$345,199$135,046$960,211
88$1,694,035$274,250$51,705$955,222
89$1,776,194$197,056$0$949,332
90$1,863,879$113,224$0$950,896
91$1,957,563$22,341$0$964,505
92$2,057,765$0$0$978,661
93$2,165,054$0$0$1,021,928
94$2,280,055$0$0$1,077,328
95$2,403,452$0$0$1,136,840
96$2,535,997$0$0$1,200,835
97$2,678,514$0$0$1,269,722
98$2,831,909$0$0$1,343,946
99$2,997,176$0$0$1,423,999
100$3,175,408$0$0$1,510,422