Can I retire at age 73 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$67,715$67,112$66,523$65,949$65,388$64,813
2 years$33,522$32,898$32,293$31,706$31,137$30,558
3 years$22,126$21,499$20,896$20,314$19,755$19,189
4 years$16,429$15,804$15,207$14,635$14,089$13,541
5 years$13,012$12,391$11,801$11,241$10,710$10,182
6 years$10,735$10,118$9,537$8,990$8,475$7,966
7 years$9,108$8,497$7,925$7,391$6,892$6,404
8 years$7,889$7,283$6,721$6,200$5,718$5,250
9 years$6,942$6,342$5,789$5,281$4,815$4,368
10 years$6,184$5,590$5,047$4,552$4,103$3,675
11 years$5,565$4,976$4,443$3,962$3,529$3,121
12 years$5,049$4,466$3,943$3,475$3,058$2,669
13 years$4,613$4,036$3,523$3,068$2,666$2,297
14 years$4,239$3,669$3,165$2,723$2,337$1,986
15 years$3,916$3,352$2,858$2,429$2,058$1,725
16 years$3,633$3,075$2,591$2,175$1,819$1,503
17 years$3,384$2,832$2,358$1,954$1,613$1,313
18 years$3,162$2,617$2,152$1,761$1,434$1,151
19 years$2,965$2,425$1,970$1,591$1,278$1,011
20 years$2,787$2,254$1,808$1,441$1,142$889
21 years$2,626$2,099$1,663$1,308$1,022$784
22 years$2,480$1,960$1,533$1,189$916$692
23 years$2,348$1,833$1,416$1,083$822$611
24 years$2,226$1,717$1,309$988$739$541
25 years$2,114$1,611$1,212$902$665$479
26 years$2,011$1,515$1,125$825$599$424
27 years$1,916$1,425$1,044$755$540$376
28 years$1,828$1,343$971$692$487$334
29 years$1,746$1,267$903$634$440$296
30 years$1,669$1,197$841$582$398$263
31 years$1,598$1,131$784$535$359$234
32 years$1,531$1,070$732$491$325$208
33 years$1,468$1,014$683$452$294$185
34 years$1,410$961$639$416$266$165
35 years$1,354$911$597$383$241$147
36 years$1,302$865$558$352$219$131
37 years$1,253$821$523$325$198$116
38 years$1,207$781$489$299$180$104
39 years$1,163$742$459$276$163$92
40 years$1,121$706$430$255$148$82
41 years$1,082$672$403$235$134$73
42 years$1,044$640$378$217$122$65
43 years$1,008$610$355$200$110$58
44 years$974$581$333$185$100$52
45 years$942$555$313$171$91$46
46 years$911$529$294$158$83$41
47 years$882$505$276$146$75$37
48 years$853$482$259$135$68$33
49 years$826$460$244$124$62$29
50 years$801$440$229$115$56$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $820,000, adding $2,680 every year, while hoping to spend $50,802 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: 56/25/19 Blend
72$820,000$820,000$820,000$820,000
73$906,404$862,944$850,234$952,414
74$944,805$851,176$824,664$972,308
75$985,419$837,128$796,535$988,293
76$1,028,420$820,635$765,707$1,004,584
77$1,073,995$801,523$732,035$1,021,222
78$1,122,351$779,605$695,366$1,038,256
79$1,173,711$754,686$655,541$1,055,742
80$1,228,321$726,558$612,393$1,073,745
81$1,286,451$695,000$565,749$1,092,338
82$1,348,394$659,780$515,428$1,111,607
83$1,414,474$620,653$461,238$1,131,649
84$1,485,043$577,358$402,982$1,152,576
85$1,560,488$529,619$340,452$1,174,512
86$1,641,234$477,146$273,433$1,197,602
87$1,727,745$419,632$201,699$1,222,008
88$1,820,532$356,751$125,013$1,247,912
89$1,920,155$288,160$43,130$1,275,524
90$2,027,229$213,498$0$1,305,076
91$2,142,427$132,380$0$1,345,804
92$2,266,491$44,403$0$1,398,946
93$2,400,233$0$0$1,456,140
94$2,544,548$0$0$1,531,809
95$2,700,418$0$0$1,626,787
96$2,868,920$0$0$1,729,522
97$3,051,240$0$0$1,840,746
98$3,248,683$0$0$1,961,262
99$3,462,681$0$0$2,091,952
100$3,694,809$0$0$2,233,787