Can I retire at age 73 with 837,000?

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 $837,000?

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$69,119$68,503$67,902$67,316$66,744$65,557
2 years$34,217$33,580$32,962$32,363$31,783$30,591
3 years$22,585$21,945$21,329$20,736$20,164$19,005
4 years$16,770$16,132$15,522$14,939$14,381$13,263
5 years$13,282$12,648$12,046$11,474$10,932$9,859
6 years$10,957$10,328$9,735$9,176$8,650$7,623
7 years$9,297$8,673$8,090$7,544$7,035$6,053
8 years$8,053$7,434$6,861$6,329$5,836$4,900
9 years$7,086$6,473$5,909$5,391$4,915$4,024
10 years$6,312$5,706$5,152$4,647$4,188$3,341
11 years$5,680$5,079$4,535$4,044$3,602$2,798
12 years$5,153$4,559$4,025$3,547$3,121$2,360
13 years$4,708$4,120$3,596$3,132$2,722$2,002
14 years$4,327$3,745$3,231$2,780$2,386$1,706
15 years$3,997$3,421$2,917$2,479$2,101$1,459
16 years$3,708$3,139$2,645$2,220$1,857$1,252
17 years$3,454$2,891$2,407$1,995$1,646$1,078
18 years$3,228$2,671$2,197$1,797$1,464$929
19 years$3,026$2,476$2,011$1,624$1,305$803
20 years$2,845$2,300$1,846$1,471$1,165$695
21 years$2,681$2,143$1,698$1,335$1,043$603
22 years$2,532$2,000$1,565$1,214$935$523
23 years$2,396$1,871$1,445$1,105$839$454
24 years$2,272$1,753$1,336$1,008$754$395
25 years$2,158$1,645$1,238$921$679$344
26 years$2,053$1,546$1,148$842$611$300
27 years$1,956$1,455$1,066$771$551$261
28 years$1,865$1,371$991$706$497$228
29 years$1,782$1,293$922$647$449$198
30 years$1,704$1,221$859$594$406$173
31 years$1,631$1,155$801$546$367$151
32 years$1,563$1,093$747$502$332$132
33 years$1,499$1,035$698$461$300$115
34 years$1,439$981$652$424$272$101
35 years$1,383$930$609$391$246$88
36 years$1,329$883$570$360$223$77
37 years$1,279$838$534$331$202$67
38 years$1,232$797$500$306$183$59
39 years$1,187$758$468$282$166$51
40 years$1,144$721$439$260$151$45
41 years$1,104$686$411$240$137$39
42 years$1,066$654$386$221$124$34
43 years$1,029$623$362$204$113$30
44 years$994$594$340$189$102$26
45 years$961$566$319$174$93$23
46 years$930$540$300$161$84$20
47 years$900$515$282$149$77$18
48 years$871$492$265$137$70$15
49 years$844$470$249$127$63$13
50 years$817$449$234$117$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $837,000, adding $2,475 every year, while hoping to spend $32,951 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: 22/49/29 Blend
72$837,000$837,000$837,000$837,000
73$924,927$880,566$867,592$936,746
74$984,210$888,654$861,597$955,592
75$1,048,435$896,034$854,297$972,830
76$1,118,073$902,637$845,613$990,568
77$1,193,638$908,388$835,462$1,008,868
78$1,275,699$913,208$823,760$1,027,801
79$1,364,879$917,015$810,416$1,047,449
80$1,461,867$919,719$795,334$1,067,905
81$1,567,417$921,225$778,418$1,089,273
82$1,682,361$921,432$759,562$1,111,673
83$1,807,614$920,234$738,659$1,135,238
84$1,944,183$917,518$715,597$1,160,121
85$2,093,175$913,162$690,255$1,186,494
86$2,255,812$907,040$662,512$1,214,548
87$2,433,435$899,016$632,236$1,244,503
88$2,627,523$888,945$599,294$1,276,601
89$2,839,704$876,676$563,543$1,311,116
90$3,071,768$862,048$524,836$1,348,356
91$3,325,688$844,888$483,018$1,388,665
92$3,603,638$825,017$437,929$1,432,428
93$3,908,008$802,242$389,399$1,480,076
94$4,241,433$776,360$337,252$1,532,091
95$4,606,814$747,157$281,305$1,589,010
96$5,007,346$714,404$221,365$1,651,434
97$5,446,547$677,862$157,232$1,720,032
98$5,928,293$637,275$88,698$1,795,550
99$6,456,852$592,375$15,542$1,878,819
100$7,036,926$542,876$0$1,970,766