Can I retire at age 73 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$65,237$64,656$64,089$63,536$62,996$61,876
2 years$32,296$31,694$31,111$30,546$29,998$28,873
3 years$21,317$20,713$20,131$19,571$19,032$17,938
4 years$15,828$15,226$14,650$14,100$13,574$12,519
5 years$12,536$11,937$11,369$10,830$10,319$9,305
6 years$10,342$9,748$9,188$8,661$8,165$7,195
7 years$8,775$8,186$7,635$7,121$6,640$5,713
8 years$7,601$7,017$6,475$5,973$5,509$4,625
9 years$6,688$6,110$5,577$5,088$4,639$3,798
10 years$5,958$5,385$4,862$4,386$3,953$3,153
11 years$5,361$4,794$4,281$3,817$3,399$2,641
12 years$4,864$4,303$3,799$3,348$2,946$2,227
13 years$4,444$3,889$3,394$2,956$2,569$1,889
14 years$4,084$3,535$3,050$2,624$2,252$1,610
15 years$3,772$3,229$2,753$2,340$1,983$1,377
16 years$3,500$2,963$2,496$2,095$1,752$1,182
17 years$3,260$2,728$2,272$1,883$1,554$1,017
18 years$3,047$2,521$2,074$1,697$1,382$877
19 years$2,856$2,337$1,898$1,533$1,231$758
20 years$2,685$2,171$1,742$1,388$1,100$656
21 years$2,530$2,022$1,603$1,260$984$569
22 years$2,390$1,888$1,477$1,146$882$494
23 years$2,262$1,766$1,364$1,043$792$429
24 years$2,144$1,654$1,261$952$712$373
25 years$2,037$1,553$1,168$869$641$325
26 years$1,938$1,459$1,083$795$577$283
27 years$1,846$1,373$1,006$727$520$246
28 years$1,761$1,294$935$666$469$215
29 years$1,682$1,221$870$611$424$187
30 years$1,608$1,153$811$561$383$163
31 years$1,539$1,090$756$515$346$143
32 years$1,475$1,031$705$473$313$125
33 years$1,415$977$658$435$283$109
34 years$1,358$926$615$401$257$95
35 years$1,305$878$575$369$232$83
36 years$1,255$833$538$340$211$73
37 years$1,207$791$504$313$191$63
38 years$1,163$752$472$288$173$55
39 years$1,120$715$442$266$157$48
40 years$1,080$680$414$245$142$42
41 years$1,042$648$388$226$129$37
42 years$1,006$617$364$209$117$32
43 years$971$588$342$193$106$28
44 years$939$560$321$178$97$25
45 years$907$534$301$164$88$22
46 years$878$510$283$152$80$19
47 years$849$486$266$140$72$17
48 years$822$464$250$130$66$14
49 years$796$443$235$120$60$13
50 years$771$424$221$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $790,000, adding $6,986 every year, while hoping to spend $35,215 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: 20/50/30 Blend
72$790,000$790,000$790,000$790,000
73$877,786$835,916$823,671$886,885
74$929,852$839,407$813,796$899,585
75$986,048$841,890$802,409$909,807
76$1,046,759$843,276$789,423$919,955
77$1,112,406$843,475$774,747$930,047
78$1,183,454$842,388$758,284$940,102
79$1,260,413$839,911$739,933$950,149
80$1,343,843$835,935$719,589$960,220
81$1,434,362$830,343$697,142$970,355
82$1,532,647$823,010$672,476$980,604
83$1,639,445$813,805$645,472$991,025
84$1,755,576$802,588$616,003$1,001,686
85$1,881,942$789,213$583,937$1,012,668
86$2,019,538$773,523$549,136$1,024,066
87$2,169,456$755,351$511,458$1,035,988
88$2,332,900$734,522$470,751$1,048,562
89$2,511,193$710,850$426,858$1,061,934
90$2,705,792$684,140$379,615$1,076,269
91$2,918,302$654,182$328,852$1,091,761
92$3,150,489$620,756$274,388$1,108,626
93$3,404,295$583,630$216,036$1,127,114
94$3,681,862$542,557$153,603$1,147,507
95$3,985,547$497,277$86,883$1,170,123
96$4,317,944$447,514$15,664$1,195,326
97$4,681,910$392,978$0$1,223,523
98$5,080,592$333,361$0$1,274,490
99$5,517,454$268,338$0$1,336,036
100$5,996,315$197,567$0$1,403,804