Can I retire at age 73 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$68,954$68,339$67,740$67,155$66,584$64,375
2 years$34,135$33,500$32,884$32,286$31,707$29,503
3 years$22,531$21,892$21,278$20,686$20,116$17,986
4 years$16,730$16,093$15,485$14,903$14,347$12,308
5 years$13,250$12,617$12,017$11,447$10,906$8,963
6 years$10,931$10,303$9,711$9,154$8,630$6,784
7 years$9,275$8,652$8,070$7,526$7,018$5,269
8 years$8,034$7,417$6,844$6,314$5,822$4,169
9 years$7,069$6,458$5,895$5,378$4,903$3,344
10 years$6,297$5,692$5,139$4,636$4,178$2,710
11 years$5,666$5,067$4,525$4,034$3,593$2,214
12 years$5,141$4,548$4,015$3,539$3,114$1,820
13 years$4,697$4,110$3,588$3,124$2,715$1,504
14 years$4,317$3,736$3,223$2,773$2,380$1,248
15 years$3,987$3,413$2,910$2,473$2,096$1,039
16 years$3,699$3,131$2,639$2,215$1,852$867
17 years$3,446$2,884$2,401$1,990$1,642$725
18 years$3,220$2,665$2,192$1,793$1,460$608
19 years$3,019$2,470$2,007$1,620$1,302$510
20 years$2,838$2,295$1,841$1,467$1,163$429
21 years$2,674$2,138$1,694$1,332$1,040$361
22 years$2,526$1,995$1,561$1,211$933$304
23 years$2,390$1,866$1,441$1,103$837$256
24 years$2,267$1,749$1,333$1,006$752$216
25 years$2,153$1,641$1,235$919$677$182
26 years$2,048$1,542$1,145$840$610$154
27 years$1,951$1,451$1,063$769$550$130
28 years$1,861$1,368$989$704$496$110
29 years$1,778$1,290$920$646$448$93
30 years$1,700$1,218$857$593$405$78
31 years$1,627$1,152$799$544$366$66
32 years$1,559$1,090$745$500$331$56
33 years$1,495$1,032$696$460$300$47
34 years$1,436$978$650$423$271$40
35 years$1,379$928$608$390$246$34
36 years$1,326$881$569$359$223$29
37 years$1,276$836$532$331$202$24
38 years$1,229$795$498$305$183$20
39 years$1,184$756$467$281$166$17
40 years$1,142$719$438$259$150$15
41 years$1,101$685$410$239$136$12
42 years$1,063$652$385$221$124$10
43 years$1,027$621$361$204$112$9
44 years$992$592$339$188$102$7
45 years$959$565$318$174$93$6
46 years$928$539$299$160$84$5
47 years$898$514$281$148$76$5
48 years$869$491$264$137$69$4
49 years$842$469$248$127$63$3
50 years$815$448$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $835,000, adding $4,611 every year, while hoping to spend $47,825 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: 52/34/14 Blend
72$835,000$835,000$835,000$835,000
73$924,926$880,671$867,729$969,318
74$968,383$872,939$845,912$992,445
75$1,014,670$863,224$821,762$1,012,129
76$1,064,025$851,381$795,149$1,032,460
77$1,116,708$837,251$765,940$1,053,511
78$1,173,006$820,670$733,992$1,075,366
79$1,233,232$801,462$699,160$1,098,122
80$1,297,729$779,441$661,289$1,121,887
81$1,366,873$754,410$620,219$1,146,784
82$1,441,079$726,161$575,781$1,172,950
83$1,520,800$694,474$527,801$1,200,542
84$1,606,534$659,115$476,094$1,229,736
85$1,698,826$619,838$420,469$1,260,729
86$1,798,278$576,381$360,726$1,293,743
87$1,905,548$528,470$296,656$1,329,028
88$2,021,361$475,812$228,041$1,366,863
89$2,146,513$418,099$154,653$1,407,561
90$2,281,877$355,006$76,255$1,451,474
91$2,428,416$286,189$0$1,498,994
92$2,587,186$211,284$0$1,551,666
93$2,759,350$129,907$0$1,621,102
94$2,946,185$41,654$0$1,696,486
95$3,149,096$0$0$1,778,471
96$3,369,630$0$0$1,887,949
97$3,609,487$0$0$2,024,043
98$3,870,539$0$0$2,172,239
99$4,154,843$0$0$2,333,716
100$4,464,666$0$0$2,509,772