Can I retire at age 73 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$68,458$67,848$67,253$66,673$66,106$65,717
2 years$33,890$33,259$32,647$32,054$31,479$31,086
3 years$22,369$21,735$21,125$20,537$19,971$19,588
4 years$16,610$15,978$15,374$14,796$14,244$13,872
5 years$13,155$12,527$11,930$11,365$10,828$10,469
6 years$10,852$10,229$9,642$9,089$8,568$8,222
7 years$9,208$8,590$8,012$7,472$6,968$6,635
8 years$7,976$7,363$6,795$6,268$5,781$5,461
9 years$7,018$6,411$5,853$5,339$4,868$4,562
10 years$6,252$5,651$5,102$4,602$4,148$3,855
11 years$5,626$5,031$4,492$4,005$3,567$3,287
12 years$5,104$4,515$3,987$3,513$3,091$2,824
13 years$4,663$4,081$3,562$3,102$2,696$2,441
14 years$4,286$3,709$3,200$2,753$2,363$2,120
15 years$3,959$3,388$2,889$2,456$2,081$1,850
16 years$3,673$3,109$2,620$2,199$1,839$1,620
17 years$3,421$2,863$2,384$1,975$1,630$1,422
18 years$3,197$2,646$2,176$1,780$1,450$1,253
19 years$2,997$2,452$1,992$1,609$1,292$1,105
20 years$2,818$2,278$1,828$1,457$1,154$978
21 years$2,655$2,122$1,682$1,322$1,033$866
22 years$2,508$1,981$1,550$1,202$926$768
23 years$2,373$1,853$1,431$1,095$831$682
24 years$2,250$1,736$1,323$999$747$607
25 years$2,137$1,629$1,226$912$672$540
26 years$2,033$1,531$1,137$834$605$482
27 years$1,937$1,441$1,056$763$546$429
28 years$1,848$1,358$981$699$493$383
29 years$1,765$1,281$913$641$445$342
30 years$1,687$1,210$851$589$402$306
31 years$1,615$1,144$793$541$363$273
32 years$1,548$1,082$740$497$329$244
33 years$1,485$1,025$691$457$297$219
34 years$1,425$971$646$420$269$196
35 years$1,369$921$604$387$244$175
36 years$1,317$874$565$356$221$157
37 years$1,267$830$528$328$200$141
38 years$1,220$789$495$303$182$126
39 years$1,176$750$464$279$165$113
40 years$1,133$714$435$257$149$101
41 years$1,093$680$407$237$136$91
42 years$1,055$647$382$219$123$81
43 years$1,019$617$359$202$112$73
44 years$985$588$337$187$101$65
45 years$952$561$316$173$92$59
46 years$921$535$297$159$83$53
47 years$891$510$279$147$76$47
48 years$863$487$262$136$69$42
49 years$835$465$246$126$63$38
50 years$809$444$232$116$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $829,000, adding $4,032 every year, while hoping to spend $51,352 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: 48/24/28 Blend
72$829,000$829,000$829,000$829,000
73$917,717$873,780$860,931$954,263
74$956,686$861,957$835,134$968,556
75$997,909$847,834$806,751$978,713
76$1,041,561$831,243$775,643$988,749
77$1,087,834$812,008$741,661$998,678
78$1,136,939$789,942$704,652$1,008,519
79$1,189,103$764,846$664,455$1,018,298
80$1,244,579$736,510$620,901$1,028,046
81$1,303,640$704,713$573,815$1,037,802
82$1,366,587$669,220$523,014$1,047,611
83$1,433,748$629,781$468,304$1,057,531
84$1,505,485$586,135$409,487$1,067,627
85$1,582,192$538,004$346,353$1,077,979
86$1,664,303$485,092$278,682$1,088,679
87$1,752,291$427,092$206,248$1,099,833
88$1,846,679$363,673$128,811$1,111,566
89$1,948,037$294,490$46,123$1,124,021
90$2,056,993$219,176$0$1,137,362
91$2,174,236$137,346$0$1,164,363
92$2,300,522$48,589$0$1,208,178
93$2,436,681$0$0$1,255,344
94$2,583,625$0$0$1,318,778
95$2,742,358$0$0$1,401,234
96$2,913,980$0$0$1,490,460
97$3,099,702$0$0$1,587,096
98$3,300,856$0$0$1,691,844
99$3,518,905$0$0$1,805,476
100$3,755,457$0$0$1,928,843