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%13.4%
1 years$67,467$66,866$66,280$65,708$65,149$64,228
2 years$33,400$32,778$32,175$31,590$31,023$30,098
3 years$22,045$21,420$20,819$20,240$19,682$18,780
4 years$16,369$15,746$15,151$14,582$14,038$13,166
5 years$12,964$12,345$11,758$11,200$10,671$9,833
6 years$10,695$10,081$9,502$8,957$8,444$7,640
7 years$9,075$8,466$7,896$7,364$6,867$6,097
8 years$7,861$7,257$6,697$6,177$5,697$4,962
9 years$6,916$6,318$5,768$5,262$4,798$4,096
10 years$6,162$5,569$5,029$4,536$4,088$3,420
11 years$5,544$4,958$4,427$3,947$3,516$2,880
12 years$5,030$4,450$3,929$3,462$3,047$2,443
13 years$4,596$4,022$3,510$3,057$2,657$2,085
14 years$4,224$3,656$3,154$2,714$2,329$1,787
15 years$3,901$3,339$2,848$2,420$2,050$1,538
16 years$3,620$3,064$2,582$2,167$1,812$1,329
17 years$3,371$2,822$2,349$1,947$1,607$1,151
18 years$3,151$2,607$2,145$1,755$1,429$999
19 years$2,954$2,416$1,963$1,585$1,273$869
20 years$2,777$2,245$1,802$1,436$1,137$757
21 years$2,617$2,092$1,657$1,303$1,018$661
22 years$2,471$1,952$1,527$1,185$912$577
23 years$2,339$1,826$1,410$1,079$819$505
24 years$2,218$1,711$1,304$984$736$442
25 years$2,106$1,606$1,208$899$662$388
26 years$2,004$1,509$1,120$822$597$340
27 years$1,909$1,420$1,040$752$538$299
28 years$1,821$1,338$967$689$485$262
29 years$1,739$1,262$900$632$438$230
30 years$1,663$1,192$838$580$396$203
31 years$1,592$1,127$782$533$358$178
32 years$1,525$1,066$729$490$324$157
33 years$1,463$1,010$681$450$293$138
34 years$1,405$957$636$414$265$121
35 years$1,349$908$595$381$240$107
36 years$1,298$862$556$351$218$94
37 years$1,249$818$521$324$197$83
38 years$1,202$778$488$298$179$73
39 years$1,158$740$457$275$162$64
40 years$1,117$704$428$254$147$57
41 years$1,078$670$402$234$134$50
42 years$1,040$638$377$216$121$44
43 years$1,005$608$353$199$110$39
44 years$971$579$332$184$100$34
45 years$938$552$312$170$91$30
46 years$908$527$293$157$82$27
47 years$878$503$275$145$75$23
48 years$850$480$258$134$68$21
49 years$823$459$243$124$62$18
50 years$798$438$228$115$56$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $817,000, adding $6,815 every year, while hoping to spend $43,471 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: 34/45/21 Blend
72$817,000$817,000$817,000$817,000
73$907,364$864,063$851,399$932,187
74$953,662$860,149$833,668$947,236
75$1,003,226$854,586$813,886$958,980
76$1,056,342$847,249$791,939$970,750
77$1,113,326$838,001$767,706$982,575
78$1,174,524$826,701$741,062$994,490
79$1,240,314$813,198$711,877$1,006,537
80$1,311,113$797,332$680,012$1,018,767
81$1,387,379$778,934$645,325$1,031,242
82$1,469,614$757,824$607,665$1,044,030
83$1,558,370$733,812$566,877$1,057,217
84$1,654,252$706,698$522,796$1,070,899
85$1,757,928$676,268$475,252$1,085,188
86$1,870,130$642,298$424,066$1,100,213
87$1,991,662$604,550$369,051$1,116,125
88$2,123,410$562,771$310,013$1,133,092
89$2,266,347$516,697$246,748$1,151,311
90$2,421,544$466,044$179,043$1,171,003
91$2,590,177$410,517$106,677$1,192,422
92$2,773,543$349,800$29,419$1,215,853
93$2,973,066$283,561$0$1,241,623
94$3,190,314$211,451$0$1,281,981
95$3,427,012$133,098$0$1,333,265
96$3,685,059$48,112$0$1,389,404
97$3,966,544$0$0$1,450,984
98$4,273,767$0$0$1,540,411
99$4,609,260$0$0$1,664,196
100$4,975,810$0$0$1,799,557