Can I retire at age 73 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$67,963$67,357$66,767$66,190$65,627$65,351
2 years$33,645$33,018$32,411$31,822$31,251$30,972
3 years$22,207$21,578$20,972$20,389$19,827$19,554
4 years$16,489$15,862$15,262$14,689$14,141$13,876
5 years$13,060$12,436$11,844$11,283$10,750$10,493
6 years$10,774$10,155$9,572$9,023$8,506$8,259
7 years$9,142$8,528$7,954$7,418$6,917$6,680
8 years$7,918$7,310$6,746$6,223$5,739$5,510
9 years$6,967$6,365$5,810$5,300$4,833$4,614
10 years$6,207$5,610$5,065$4,569$4,118$3,908
11 years$5,585$4,994$4,460$3,976$3,541$3,341
12 years$5,067$4,483$3,958$3,488$3,069$2,877
13 years$4,629$4,051$3,536$3,079$2,676$2,493
14 years$4,255$3,682$3,177$2,733$2,346$2,171
15 years$3,930$3,364$2,868$2,438$2,066$1,899
16 years$3,646$3,086$2,601$2,183$1,826$1,668
17 years$3,396$2,842$2,367$1,961$1,619$1,469
18 years$3,174$2,626$2,160$1,767$1,439$1,297
19 years$2,976$2,434$1,978$1,597$1,283$1,148
20 years$2,797$2,262$1,815$1,446$1,146$1,018
21 years$2,636$2,107$1,669$1,313$1,025$904
22 years$2,490$1,967$1,539$1,194$919$805
23 years$2,356$1,839$1,421$1,087$825$717
24 years$2,234$1,723$1,314$991$742$640
25 years$2,122$1,617$1,217$905$667$571
26 years$2,018$1,520$1,129$828$601$511
27 years$1,923$1,431$1,048$758$542$457
28 years$1,834$1,348$974$694$489$409
29 years$1,752$1,272$907$637$442$366
30 years$1,675$1,201$845$584$399$328
31 years$1,604$1,135$787$537$361$294
32 years$1,537$1,074$735$493$326$264
33 years$1,474$1,017$686$454$295$237
34 years$1,415$964$641$417$267$213
35 years$1,359$915$599$384$242$191
36 years$1,307$868$560$354$219$172
37 years$1,258$824$525$326$199$154
38 years$1,211$783$491$300$180$139
39 years$1,167$745$460$277$163$125
40 years$1,125$709$431$256$148$112
41 years$1,085$675$405$236$135$101
42 years$1,048$643$379$218$122$91
43 years$1,012$612$356$201$111$82
44 years$978$584$334$185$101$74
45 years$945$557$314$171$91$66
46 years$914$531$295$158$83$60
47 years$885$507$277$146$75$54
48 years$856$484$260$135$68$48
49 years$829$462$245$125$62$43
50 years$804$441$230$115$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $823,000, adding $4,038 every year, while hoping to spend $38,975 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: 51/34/15 Blend
72$823,000$823,000$823,000$823,000
73$911,111$867,492$854,736$953,661
74$962,575$868,530$841,900$984,329
75$1,017,983$868,313$827,329$1,013,228
76$1,077,694$866,737$810,921$1,043,781
77$1,142,106$863,695$792,574$1,076,155
78$1,211,655$859,070$772,179$1,110,537
79$1,286,819$852,739$749,622$1,147,135
80$1,368,124$844,573$724,784$1,186,179
81$1,456,148$834,433$697,540$1,227,927
82$1,551,528$822,173$667,761$1,272,663
83$1,654,963$807,638$635,310$1,320,704
84$1,767,221$790,665$600,045$1,372,402
85$1,889,149$771,078$561,817$1,428,147
86$2,021,675$748,694$520,471$1,488,372
87$2,165,824$723,318$475,845$1,553,558
88$2,322,722$694,744$427,769$1,624,237
89$2,493,606$662,753$376,066$1,701,001
90$2,679,840$627,115$320,551$1,784,504
91$2,882,925$587,585$261,031$1,875,474
92$3,104,512$543,904$197,303$1,974,715
93$3,346,417$495,800$129,158$2,083,118
94$3,610,642$442,985$56,375$2,201,671
95$3,899,388$385,152$0$2,331,467
96$4,215,082$321,981$0$2,477,126
97$4,560,392$253,129$0$2,646,430
98$4,938,257$178,238$0$2,831,871
99$5,351,915$96,928$0$3,035,131
100$5,804,930$8,797$0$3,258,071