Can I retire at age 73 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$61,769$61,219$60,682$60,158$59,647$59,271
2 years$30,579$30,009$29,457$28,922$28,403$28,024
3 years$20,183$19,611$19,061$18,531$18,020$17,649
4 years$14,987$14,416$13,871$13,350$12,852$12,493
5 years$11,869$11,303$10,765$10,254$9,770$9,423
6 years$9,792$9,229$8,700$8,200$7,731$7,396
7 years$8,309$7,751$7,229$6,742$6,287$5,966
8 years$7,197$6,644$6,131$5,656$5,216$4,908
9 years$6,332$5,785$5,281$4,817$4,392$4,097
10 years$5,641$5,099$4,604$4,153$3,743$3,460
11 years$5,076$4,539$4,053$3,614$3,219$2,949
12 years$4,605$4,074$3,597$3,170$2,789$2,532
13 years$4,208$3,682$3,214$2,799$2,432$2,187
14 years$3,867$3,347$2,888$2,484$2,132$1,898
15 years$3,572$3,057$2,607$2,216$1,877$1,655
16 years$3,314$2,805$2,364$1,984$1,659$1,448
17 years$3,087$2,583$2,151$1,782$1,471$1,271
18 years$2,885$2,387$1,963$1,606$1,308$1,118
19 years$2,704$2,212$1,797$1,451$1,166$986
20 years$2,542$2,056$1,650$1,315$1,041$872
21 years$2,396$1,915$1,517$1,193$932$771
22 years$2,263$1,788$1,398$1,085$835$684
23 years$2,141$1,672$1,291$988$750$607
24 years$2,030$1,566$1,194$901$674$540
25 years$1,928$1,470$1,106$823$606$480
26 years$1,834$1,382$1,026$752$546$427
27 years$1,748$1,300$953$689$493$381
28 years$1,667$1,225$886$631$444$340
29 years$1,592$1,156$824$579$401$303
30 years$1,523$1,092$768$531$363$271
31 years$1,458$1,032$716$488$328$242
32 years$1,397$976$668$448$297$216
33 years$1,340$925$623$412$268$193
34 years$1,286$876$582$379$243$173
35 years$1,236$831$545$349$220$154
36 years$1,188$789$509$322$199$138
37 years$1,143$749$477$296$181$124
38 years$1,101$712$447$273$164$111
39 years$1,061$677$418$252$149$99
40 years$1,023$644$392$232$135$89
41 years$987$613$368$214$122$79
42 years$952$584$345$198$111$71
43 years$920$556$324$183$101$64
44 years$889$530$304$169$91$57
45 years$859$506$285$156$83$51
46 years$831$483$268$144$75$46
47 years$804$460$252$133$68$41
48 years$778$440$237$123$62$37
49 years$754$420$222$113$56$33
50 years$730$401$209$105$51$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $748,000, adding $6,197 every year, while hoping to spend $51,093 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: 41/31/28 Blend
72$748,000$748,000$748,000$748,000
73$830,688$791,044$779,450$857,694
74$861,056$775,443$751,199$862,200
75$892,809$757,365$720,289$861,836
76$926,034$736,634$686,578$860,469
77$960,826$713,066$649,915$858,036
78$997,287$686,463$610,144$854,475
79$1,035,529$656,619$567,103$849,721
80$1,075,672$623,312$520,620$843,709
81$1,117,847$586,311$470,517$836,370
82$1,162,196$545,369$416,608$827,635
83$1,208,874$500,226$358,698$817,433
84$1,258,050$450,607$296,585$805,692
85$1,309,906$396,222$230,056$792,339
86$1,364,643$336,764$158,889$777,301
87$1,422,479$271,907$82,854$760,504
88$1,483,651$201,310$1,709$741,873
89$1,548,419$124,610$0$721,337
90$1,617,067$41,425$0$724,183
91$1,689,904$0$0$727,174
92$1,767,270$0$0$746,408
93$1,849,534$0$0$781,936
94$1,937,102$0$0$819,809
95$2,030,417$0$0$860,225
96$2,129,967$0$0$903,403
97$2,236,282$0$0$949,581
98$2,349,947$0$0$999,022
99$2,471,602$0$0$1,052,012
100$2,601,946$0$0$1,108,866