Can I retire at age 73 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$67,550$66,948$66,361$65,788$65,228$64,574
2 years$33,440$32,818$32,214$31,629$31,061$30,402
3 years$22,072$21,447$20,845$20,265$19,706$19,063
4 years$16,389$15,766$15,170$14,600$14,055$13,432
5 years$12,980$12,360$11,772$11,214$10,684$10,084
6 years$10,708$10,093$9,514$8,968$8,454$7,877
7 years$9,086$8,476$7,906$7,373$6,875$6,322
8 years$7,870$7,266$6,705$6,185$5,704$5,174
9 years$6,925$6,326$5,775$5,268$4,803$4,297
10 years$6,169$5,576$5,035$4,541$4,093$3,609
11 years$5,551$4,964$4,432$3,952$3,520$3,059
12 years$5,036$4,456$3,934$3,467$3,050$2,611
13 years$4,601$4,027$3,514$3,061$2,660$2,243
14 years$4,229$3,660$3,158$2,717$2,332$1,935
15 years$3,906$3,343$2,851$2,423$2,053$1,677
16 years$3,624$3,068$2,585$2,169$1,814$1,458
17 years$3,375$2,825$2,352$1,949$1,609$1,272
18 years$3,155$2,611$2,147$1,757$1,430$1,112
19 years$2,957$2,419$1,966$1,587$1,275$975
20 years$2,780$2,248$1,804$1,438$1,139$856
21 years$2,620$2,094$1,659$1,305$1,019$752
22 years$2,474$1,955$1,529$1,186$914$662
23 years$2,342$1,828$1,412$1,080$820$584
24 years$2,220$1,713$1,306$985$737$515
25 years$2,109$1,608$1,210$900$663$455
26 years$2,006$1,511$1,122$823$597$403
27 years$1,911$1,422$1,042$753$539$356
28 years$1,823$1,340$968$690$486$315
29 years$1,741$1,264$901$633$439$279
30 years$1,665$1,194$839$581$397$248
31 years$1,594$1,128$783$533$359$220
32 years$1,527$1,068$730$490$324$195
33 years$1,465$1,011$682$451$293$173
34 years$1,406$958$637$415$266$153
35 years$1,351$909$596$382$241$136
36 years$1,299$863$557$352$218$121
37 years$1,250$819$521$324$198$107
38 years$1,204$779$488$299$179$95
39 years$1,160$741$457$275$162$85
40 years$1,118$705$429$254$147$75
41 years$1,079$671$402$234$134$67
42 years$1,041$639$377$216$121$59
43 years$1,006$609$354$200$110$53
44 years$972$580$332$184$100$47
45 years$940$553$312$170$91$42
46 years$909$528$293$157$82$37
47 years$879$504$275$145$75$33
48 years$851$481$259$134$68$29
49 years$824$459$243$124$62$26
50 years$799$439$229$115$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $818,000, adding $3,336 every year, while hoping to spend $49,644 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: 47/24/29 Blend
72$818,000$818,000$818,000$818,000
73$904,877$861,523$848,844$939,742
74$944,354$850,917$824,460$954,115
75$986,193$838,127$797,594$964,629
76$1,030,584$822,994$768,113$975,094
77$1,077,732$805,350$735,873$985,532
78$1,127,863$785,015$700,728$995,970
79$1,181,224$761,799$662,521$1,006,443
80$1,238,085$735,504$621,091$1,016,991
81$1,298,742$705,915$576,270$1,027,664
82$1,363,518$672,810$527,880$1,038,520
83$1,432,769$635,949$475,736$1,049,627
84$1,506,885$595,084$419,645$1,061,068
85$1,586,291$549,946$359,407$1,072,935
86$1,671,456$500,257$294,811$1,085,337
87$1,762,893$445,719$225,637$1,098,401
88$1,861,168$386,019$151,655$1,112,271
89$1,966,898$320,824$72,626$1,127,111
90$2,080,763$249,786$0$1,143,112
91$2,203,509$172,534$0$1,164,113
92$2,335,956$88,678$0$1,210,952
93$2,479,005$0$0$1,261,495
94$2,633,646$0$0$1,316,724
95$2,800,966$0$0$1,401,894
96$2,982,162$0$0$1,494,204
97$3,178,548$0$0$1,594,334
98$3,391,570$0$0$1,703,029
99$3,622,817$0$0$1,821,113
100$3,874,039$0$0$1,949,489