Can I retire at age 73 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$64,247$63,674$63,116$62,571$62,039$60,961
2 years$31,805$31,213$30,639$30,082$29,542$28,460
3 years$20,993$20,398$19,825$19,274$18,743$17,689
4 years$15,588$14,995$14,428$13,886$13,368$12,351
5 years$12,346$11,756$11,197$10,666$10,162$9,186
6 years$10,185$9,600$9,048$8,529$8,041$7,106
7 years$8,642$8,062$7,519$7,012$6,539$5,646
8 years$7,485$6,910$6,377$5,883$5,425$4,573
9 years$6,586$6,017$5,492$5,011$4,569$3,758
10 years$5,867$5,303$4,788$4,319$3,893$3,122
11 years$5,280$4,721$4,216$3,759$3,348$2,616
12 years$4,790$4,238$3,741$3,297$2,901$2,208
13 years$4,376$3,830$3,343$2,911$2,530$1,874
14 years$4,022$3,481$3,003$2,584$2,218$1,598
15 years$3,715$3,180$2,712$2,304$1,953$1,368
16 years$3,447$2,918$2,458$2,063$1,726$1,175
17 years$3,210$2,687$2,237$1,854$1,530$1,012
18 years$3,000$2,483$2,042$1,671$1,361$873
19 years$2,813$2,301$1,870$1,510$1,213$755
20 years$2,644$2,138$1,716$1,367$1,083$654
21 years$2,492$1,992$1,578$1,241$969$567
22 years$2,353$1,859$1,455$1,128$869$493
23 years$2,227$1,739$1,343$1,028$780$429
24 years$2,112$1,629$1,242$937$701$373
25 years$2,006$1,529$1,150$856$631$325
26 years$1,908$1,437$1,067$783$568$283
27 years$1,818$1,352$991$716$512$247
28 years$1,734$1,274$921$656$462$215
29 years$1,656$1,202$857$602$417$188
30 years$1,584$1,135$798$552$377$164
31 years$1,516$1,073$744$507$341$143
32 years$1,453$1,016$694$466$308$125
33 years$1,393$962$648$429$279$110
34 years$1,338$911$606$394$253$96
35 years$1,285$865$566$363$229$84
36 years$1,236$821$530$334$207$73
37 years$1,189$779$496$308$188$64
38 years$1,145$741$464$284$170$56
39 years$1,103$704$435$262$155$49
40 years$1,064$670$408$242$140$43
41 years$1,026$638$382$223$127$38
42 years$991$607$359$206$115$33
43 years$957$579$337$190$105$29
44 years$924$552$316$175$95$25
45 years$894$526$297$162$86$22
46 years$864$502$279$150$78$19
47 years$836$479$262$138$71$17
48 years$810$457$246$128$65$15
49 years$784$437$231$118$59$13
50 years$760$417$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $778,000, adding $2,467 every year, while hoping to spend $26,412 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: 38/41/21 Blend
72$778,000$778,000$778,000$778,000
73$859,901$818,667$806,608$887,087
74$919,508$830,679$805,527$918,999
75$984,311$842,395$803,525$950,799
76$1,054,810$853,772$800,542$984,627
77$1,131,558$864,764$796,518$1,020,682
78$1,215,163$875,324$791,388$1,059,185
79$1,306,294$885,399$785,083$1,100,378
80$1,405,686$894,934$777,534$1,144,529
81$1,514,150$903,869$768,665$1,191,939
82$1,632,578$912,143$758,399$1,242,934
83$1,761,951$919,688$746,655$1,297,881
84$1,903,349$926,432$733,348$1,357,182
85$2,057,963$932,300$718,387$1,421,285
86$2,227,102$937,209$701,680$1,490,681
87$2,412,210$941,076$683,130$1,565,918
88$2,614,873$943,806$662,632$1,647,599
89$2,836,842$945,304$640,082$1,736,390
90$3,080,041$945,466$615,367$1,833,031
91$3,346,593$944,182$588,370$1,938,336
92$3,638,834$941,335$558,968$2,053,208
93$3,959,336$936,802$527,035$2,178,643
94$4,310,934$930,450$492,436$2,315,743
95$4,696,749$922,142$455,032$2,465,724
96$5,120,219$911,728$414,677$2,629,931
97$5,585,131$899,053$371,219$2,809,849
98$6,095,658$883,950$324,498$3,007,121
99$6,656,396$866,244$274,349$3,223,559
100$7,272,406$845,748$220,598$3,461,165