Can I retire at age 73 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$62,017$61,464$60,926$60,399$59,886$58,581
2 years$30,701$30,130$29,575$29,038$28,517$27,209
3 years$20,264$19,690$19,137$18,605$18,092$16,822
4 years$15,047$14,474$13,927$13,404$12,904$11,681
5 years$11,917$11,348$10,808$10,295$9,809$8,637
6 years$9,831$9,266$8,734$8,233$7,762$6,642
7 years$8,342$7,782$7,258$6,769$6,312$5,245
8 years$7,226$6,671$6,156$5,678$5,237$4,221
9 years$6,358$5,808$5,302$4,837$4,410$3,445
10 years$5,664$5,119$4,622$4,169$3,758$2,843
11 years$5,096$4,558$4,069$3,629$3,232$2,366
12 years$4,624$4,091$3,611$3,183$2,800$1,983
13 years$4,224$3,697$3,227$2,810$2,442$1,671
14 years$3,882$3,360$2,899$2,494$2,141$1,414
15 years$3,586$3,070$2,618$2,224$1,885$1,201
16 years$3,327$2,816$2,373$1,992$1,666$1,024
17 years$3,099$2,594$2,159$1,790$1,477$875
18 years$2,896$2,397$1,971$1,613$1,313$749
19 years$2,715$2,221$1,805$1,457$1,171$642
20 years$2,552$2,064$1,656$1,320$1,046$552
21 years$2,405$1,923$1,523$1,198$936$475
22 years$2,272$1,795$1,404$1,089$839$409
23 years$2,150$1,679$1,296$992$753$352
24 years$2,039$1,573$1,199$905$677$304
25 years$1,936$1,476$1,110$826$609$263
26 years$1,842$1,387$1,030$755$548$227
27 years$1,755$1,305$956$691$495$196
28 years$1,674$1,230$889$634$446$170
29 years$1,599$1,160$827$581$403$147
30 years$1,529$1,096$771$533$364$127
31 years$1,463$1,036$718$490$329$110
32 years$1,402$980$670$450$298$95
33 years$1,345$928$626$414$269$82
34 years$1,291$880$585$381$244$71
35 years$1,240$835$547$351$221$62
36 years$1,193$792$511$323$200$54
37 years$1,148$752$479$297$181$46
38 years$1,105$715$448$274$165$40
39 years$1,065$680$420$253$149$35
40 years$1,027$647$394$233$135$30
41 years$991$616$369$215$123$26
42 years$956$586$346$199$111$23
43 years$923$559$325$183$101$20
44 years$892$533$305$169$92$17
45 years$863$508$286$156$83$15
46 years$834$484$269$144$76$13
47 years$807$462$253$133$69$11
48 years$782$441$237$123$62$10
49 years$757$421$223$114$57$8
50 years$733$403$210$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $751,000, adding $6,094 every year, while hoping to spend $49,678 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: 68/27/5 Blend
72$751,000$751,000$751,000$751,000
73$833,888$794,085$782,444$889,694
74$866,088$780,138$755,799$913,480
75$899,906$763,843$726,597$932,838
76$935,457$745,032$694,698$952,647
77$972,863$723,527$659,960$972,941
78$1,012,257$699,142$622,230$993,759
79$1,053,784$671,677$581,351$1,015,145
80$1,097,602$640,921$537,159$1,037,150
81$1,143,885$606,653$489,481$1,059,832
82$1,192,819$568,637$438,137$1,083,255
83$1,244,611$526,625$382,939$1,107,494
84$1,299,485$480,353$323,690$1,132,632
85$1,357,685$429,543$260,187$1,158,764
86$1,419,480$373,902$192,214$1,185,996
87$1,485,162$313,118$119,549$1,214,449
88$1,555,052$246,864$41,957$1,244,257
89$1,629,500$174,794$0$1,275,573
90$1,708,891$96,541$0$1,310,747
91$1,793,645$11,718$0$1,350,324
92$1,884,223$0$0$1,392,291
93$1,981,131$0$0$1,460,698
94$2,084,921$0$0$1,537,722
95$2,196,202$0$0$1,620,336
96$2,315,640$0$0$1,709,037
97$2,443,967$0$0$1,804,375
98$2,581,985$0$0$1,906,948
99$2,730,576$0$0$2,017,418
100$2,890,708$0$0$2,136,509