Can I retire at age 73 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$67,632$67,030$66,442$65,868$65,308$63,626
2 years$33,481$32,858$32,253$31,667$31,099$29,416
3 years$22,099$21,473$20,870$20,290$19,731$18,098
4 years$16,409$15,785$15,188$14,618$14,072$12,504
5 years$12,996$12,376$11,787$11,228$10,697$9,197
6 years$10,721$10,106$9,525$8,979$8,464$7,034
7 years$9,097$8,487$7,916$7,382$6,884$5,523
8 years$7,880$7,275$6,713$6,193$5,711$4,419
9 years$6,933$6,334$5,782$5,275$4,809$3,586
10 years$6,177$5,583$5,041$4,547$4,098$2,941
11 years$5,558$4,970$4,438$3,957$3,524$2,432
12 years$5,043$4,461$3,938$3,471$3,054$2,024
13 years$4,607$4,031$3,519$3,064$2,663$1,694
14 years$4,234$3,664$3,162$2,720$2,335$1,424
15 years$3,911$3,348$2,855$2,426$2,055$1,202
16 years$3,628$3,071$2,588$2,172$1,817$1,017
17 years$3,380$2,829$2,355$1,952$1,611$862
18 years$3,159$2,614$2,150$1,759$1,432$733
19 years$2,961$2,422$1,968$1,589$1,277$624
20 years$2,784$2,251$1,806$1,439$1,140$532
21 years$2,623$2,097$1,661$1,306$1,020$454
22 years$2,477$1,957$1,531$1,188$915$388
23 years$2,345$1,831$1,414$1,082$821$332
24 years$2,223$1,715$1,308$987$738$284
25 years$2,112$1,610$1,211$901$664$243
26 years$2,009$1,513$1,123$824$598$209
27 years$1,914$1,424$1,043$754$539$179
28 years$1,825$1,341$970$691$487$153
29 years$1,743$1,266$902$634$439$132
30 years$1,667$1,195$840$581$397$113
31 years$1,596$1,130$783$534$359$97
32 years$1,529$1,069$731$491$325$83
33 years$1,467$1,012$683$451$294$72
34 years$1,408$960$638$415$266$61
35 years$1,353$910$596$382$241$53
36 years$1,301$864$558$352$218$45
37 years$1,252$820$522$324$198$39
38 years$1,205$780$489$299$179$34
39 years$1,161$741$458$276$163$29
40 years$1,120$705$429$254$148$25
41 years$1,080$671$403$235$134$21
42 years$1,043$639$378$216$121$18
43 years$1,007$609$354$200$110$16
44 years$973$581$333$185$100$14
45 years$941$554$312$170$91$12
46 years$910$528$293$157$82$10
47 years$880$504$276$145$75$9
48 years$852$481$259$134$68$7
49 years$825$460$243$124$62$6
50 years$800$439$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $819,000, adding $2,927 every year, while hoping to spend $40,276 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: 50/45/5 Blend
72$819,000$819,000$819,000$819,000
73$905,557$862,150$849,456$949,610
74$955,071$861,542$835,059$979,289
75$1,008,285$859,555$818,830$1,006,934
76$1,065,534$856,077$800,666$1,036,002
77$1,127,187$850,993$780,456$1,066,636
78$1,193,646$844,178$758,088$1,098,993
79$1,265,357$835,501$733,442$1,133,250
80$1,342,805$824,823$706,395$1,169,603
81$1,426,527$811,996$676,815$1,208,272
82$1,517,112$796,862$644,567$1,249,500
83$1,615,207$779,258$609,509$1,293,557
84$1,721,522$759,006$571,492$1,340,746
85$1,836,841$735,921$530,361$1,391,401
86$1,962,024$709,806$485,953$1,445,897
87$2,098,017$680,453$438,099$1,504,646
88$2,245,861$647,641$386,622$1,568,110
89$2,406,701$611,138$331,336$1,636,801
90$2,581,798$570,697$272,049$1,711,286
91$2,772,537$526,057$208,558$1,792,195
92$2,980,444$476,942$140,654$1,880,230
93$3,207,199$423,062$68,115$1,976,166
94$3,454,650$364,109$0$2,080,864
95$3,724,831$299,756$0$2,195,776
96$4,019,980$229,661$0$2,325,375
97$4,342,565$153,461$0$2,467,211
98$4,695,298$70,773$0$2,622,597
99$5,081,169$0$0$2,792,990
100$5,503,467$0$0$2,989,315